Abstract
Ryder System, Inc. will report fiscal results on February 11, 2026 Pre-Market; this preview summarizes consensus revenue, margin and EPS expectations, reviews prior quarter performance, and compiles institutional commentary on the near-term outlook.
Market Forecast
Consensus for the current quarter points to revenue of $3.21 billion, an estimated decrease of 3.08% year over year, with EBIT projected at $0.28 billion and adjusted EPS at $3.57, implying a modest year-over-year increase. The company-level framework implies a gross profit profile resilient near low-20% and a net profit margin near mid-single digits; explicit YoY margin targets are not guided by the company for the coming quarter. Management focus remains on balanced growth across Contracted Services and Dedicated Transportation with continued normalization in leasing; the most constructive growth narrative centers on services, anchored by cross-selling into fleet and logistics customers.
The most promising segment in the current mix is Services, with last quarter revenue of $2.09 billion; while near-term YoY dynamics were not disclosed here, the segment remains the largest portion of revenue and a key source of cross-cycle stability.
Last Quarter Review
Ryder’s previous quarter delivered revenue of $3.17 billion, a gross profit margin of 20.97%, GAAP net profit attributable to the parent company of $0.14 billion, a net profit margin of 4.35%, and adjusted EPS of $3.57; the year-over-year rates for these metrics were not disclosed in detail here, though management indicated stable profitability. One notable financial highlight was EBIT of $0.30 billion coming in ahead of internal forecasts, supported by cost control and favorable operating execution. Main business highlights show Services generated $2.09 billion, Leasing and Rental contributed $0.98 billion, and Fuel Services delivered $0.11 billion, underscoring a diversified top line.
Current Quarter Outlook (with major analytical insights)
Main business: Contracted services and dedicated transportation
Ryder’s primary revenue engine is its services portfolio, encompassing Dedicated Transportation, Supply Chain, and broader fleet support solutions. With $2.09 billion in segment revenue last quarter and the company’s emphasis on multi-year contracted relationships, the unit offers relative visibility even as spot freight trends fluctuate. The current quarter should reflect seasonal execution and ongoing customer retention, while new wins offset pricing normalization in certain end markets. Margin performance will likely hinge on labor productivity and network efficiency, with contract repricing and operational improvements helping to defend gross margin near low-20% levels despite freight softness.
Most promising business: High-attach services and cross-sell into fleet customers
The services mix has the most attractive near-term growth and margin durability, supported by Ryder’s ability to cross-sell logistics, maintenance, and dedicated capacity to established fleet leasing relationships. Pipeline conversion from prior quarters, integration of value-added solutions, and efficiency benefits from scale can sustain mid-cycle growth even if leasing normalizes. For investors, the narrative to watch is the contribution of new customer implementations and existing customer scope expansions, which typically carry incremental margins above corporate averages. Any acceleration in service attach rates could provide upside to EBIT and EPS against flat to down revenue comps.
Key stock price drivers this quarter: Lease normalization, used equipment proceeds, and cost discipline
Equity sensitivity this quarter will be driven by the trajectory of lease and rental utilization, as post-pandemic normalization pressures pricing and utilization rates in certain asset classes. The resale environment for used tractors and trailers affects depreciation and gains on sale; if proceeds track recent levels, earnings stability improves, while deterioration would weigh on margins. Cost management remains a central lever, with procurement discipline, maintenance productivity, and SG&A control supporting EBIT resilience at the guided $0.28 billion level. Investors will also monitor capital allocation signals, including fleet capex cadence and any updates on buybacks, for read-throughs to full-year EPS power.
Analyst Opinions
The collected institutional tone skews cautiously bullish, with the majority highlighting resilient contract services and disciplined execution as offsets to a softer leasing backdrop. Analysts point to an expected adjusted EPS print near $3.57 and revenue near $3.21 billion, framing upside risks around services growth and cost control while acknowledging potential headwinds from equipment remarketing and freight normalization. Well-followed sell-side voices emphasize that EBIT near $0.28 billion would validate the margin defense strategy in a muted top-line environment, and that steady progress in services mix could support a modest re-rating if execution persists.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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