Capital investment and capacitymixed · 1 filings
“We expect gross capital expenditures to increase to approximately $2.4 billion in 2026, reflecting higher investments in the lease fleet.”10-K · Feb 11, 2026 ↗
Ryder System, Inc.
R
Market read
Ryder System, Inc.'s move is spreading beyond its market group.
No new filing conclusion is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company+1.1% todayVolume comparison unavailable
Market group17 of 24 activeSemiconductor Manufacturing · active
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 16 of 24 members remain active in the next snapshot.
- MPWR remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 8 of 24 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 16 of 24 members remain active in the next snapshot.
- MPWR remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations342
Usable filing statements41
Verified relationships3
Evidence supporting the case
- Operating cash flow covered net income at 5.20x in the latest annual period.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 80% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 69% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 1, 2026
230.876m+11.6%12m+22.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$9.7B+14.8%$9.66+2.2%
2022-12-31$12.0B+24.3%$17.04-4.9%
2023-12-31$11.8B-1.9%$8.73-8.6%
2024-12-31$12.6B+7.2%$11.06-4.8%
2025-12-31$12.7B+0.2%$11.94-5.5%
What management says matters
Persistent and emerging business drivers
Credit and interest ratespositive · 1 filings
“Interest Expense Change (Dollars in millions) 2025 2024 2023 2025/2024 2024/2023 Interest expense $ 404 $ 386 $ 296 5% 30% Effective interest rate 5.2% 5.1% 4.4% Interest expense increased 5% in 2025, reflecting higher average debt and higher interest rates o…”10-K · Feb 11, 2026 ↗
Demand and volumemixed · 1 filings
“FMS operating revenue was relatively consistent in 2025, primarily reflecting higher ChoiceLease revenue largely offset by weaker rental demand.”10-K · Feb 11, 2026 ↗
Energy and commodity pricesnegative · 1 filings
“Fuel revenue is impacted by fluctuations in market fuel prices and the costs are largely a pass-through to our customers, resulting in minimal changes in our profitability during periods of steady market fuel prices.”10-K · Feb 11, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.8× · EV/sales 0.7×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
230.87+1.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for R. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for R. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind R
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
CARAvis Budget Group, Inc.competitorFeb 19, 2026 ▾
“Our Budget Truck operations in the United States competes with several other local, regional and nationwide truck rental companies including U-Haul International, Inc., Penske Truck Leasing Corporation, Ryder System, Inc., Enterprise Truck Rental, and Hertz G…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
R is currently a Follower in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.