# Ryder System, Inc. (R) — Stock CV

Ryder System, Inc. is a $9.15B industrial company. Revenue grew 1.1% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~10.8 years of free cash flow. It trades at 18.4× earnings — in the most expensive third of its own history.

> Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides…

## Identity

- **Ticker**: R
- **Sector**: Industrials
- **Industry**: Rental & Leasing Services
- **Headquarters**: MIAMI, FL
- **Employees**: 51 600
- **Website**: https://www.ryder.com
- **Market cap**: $9.15B
- **Last price**: $238.60
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $12.8B
- **Net income**: $497M
- **Free cash flow**: $687M
- **Net debt**: $7.45B
- **P/E**: 18.4
- **Revenue growth (YoY)**: 1.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 37 |
| Profitability | 36 |
| Health | 15 |
| Quality | 81 |
| Moat | 11 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +1.1% YoY
- [x] Profitable — $497M TTM
- [ ] Profit growing — -11.2% YoY
- [x] Generates cash — $687M TTM
- [ ] Debt under control — ~10.8y of cash flow to repay
- [x] Established company — $9.15B market cap
- [x] Not printing shares — -13.2% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 1.62%
- [x] Valuation not extreme — P/E 18.4

## Experience (career milestones)

- **FY2022** — Revenue crossed $10B: $12.0B for the year
- **FY2022** — Best year on record: $867M net income
- **FY2016** — First recorded profitable year: $262M net income
- **FY2016** — Revenue already above $1B: $6.79B in first reported year

## Strengths

- High gross margin (40.2%)
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 2 of the recent years
- Net debt equals ~10.8 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $9.66B | $519M | $234M |
| FY2022 | $12.0B | $867M | -$321M |
| FY2023 | $11.8B | $406M | -$881M |
| FY2024 | $12.6B | $489M | -$418M |
| FY2025 | $12.7B | $499M | $459M |

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Source: https://stockcv.com/R — derived from company filings; may be delayed or incomplete. Information, not investment advice.