Ryder System, Inc. (NYSE: R) reported strong third-quarter 2025 results, driven by steady demand and disciplined cost control.
The company earned $3.33 per share (GAAP) from continuing operations, up from $3.27 a year ago. Comparable EPS (non-GAAP) rose 4% to $3.57. Total revenue reached $3.17 billion, while operating revenue grew 1% to $2.61 billion.
Free cash flow jumped to $496 million, more than double last year’s $218 million. Ryder credited higher earnings and lower capital spending for the increase.
“Our results show the strength of Ryder’s business model,” said Robert Sanchez, Chairman and CEO. “We’re growing profitably and keeping our balance sheet strong.”
The Fleet Management Solutions segment delivered stable results, supported by strong rental and maintenance demand. Supply Chain Solutions grew on higher customer volumes and new contracts. Dedicated Transportation Solutions remained steady.
Ryder reaffirmed its 2025 guidance:
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Comparable EPS between $12.85 and $13.05
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Adjusted ROE near 17%
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Free cash flow between $900 million and $1 billion
Sanchez added, “We’re executing well, investing in technology and sustainable logistics to deliver long-term value.”
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