---
schema_version: "secwatch.filing_event.v1"
accession: "0000085961-25-000051"
form_type: "8-K"
ticker: "R"
cik: "0000085961"
company_name: "RYDER SYSTEM INC"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:43:57.494089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ryder Q1 GAAP EPS $2.29 (+21%), Comparable $2.46 (+15%); raises free cash flow view

## Summary
- Total revenue $3.1B (+1%); operating revenue $2.6B (+2%) on contractual growth.
- FMS EBT $94M (-6%) on weaker rental and used vehicle sales; SCS EBT $87M (+35%), DTS EBT $27M (+50%).
- Full-year comparable EPS guidance $12.85-$13.60; operating revenue growth ~1%.
- Free cash flow forecast raised to $375-$475M; Q1 free cash flow $259M vs $13M a year ago.
- Capital expenditures $536M vs $716M; debt-to-equity 259% at low end of 250%-300% target.

## SEC filing metadata
- accession: 0000085961-25-000051
- form_type: 8-K
- ticker: R
- cik: 0000085961
- company_name: RYDER SYSTEM INC
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85961/000008596125000051/0000085961-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85961/000008596125000051/r-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085961-25-000051
- JSON: https://secwatch.observer/filing/0000085961-25-000051.json
- Plain text: https://secwatch.observer/filing/0000085961-25-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.