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Side-by-side financial comparison of Eastman Chemical Company (EMN) and RYDER SYSTEM INC (R). Click either name above to swap in a different company.
RYDER SYSTEM INC is the larger business by last-quarter revenue ($3.1B vs $2.0B, roughly 1.6× Eastman Chemical Company). Eastman Chemical Company runs the higher net margin — 5.3% vs 3.0%, a 2.3% gap on every dollar of revenue. On growth, RYDER SYSTEM INC posted the faster year-over-year revenue change (1.0% vs -13.8%). Over the past eight quarters, RYDER SYSTEM INC's revenue compounded faster (-0.9% CAGR vs -8.6%).
Eastman Chemical Company is an American chemical products manufacturer based in Kingsport, Tennessee. Founded in 1920, it was formerly a subsidiary of Kodak until 1994. The company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. It operates 36 manufacturing sites worldwide and employs approximately 14,000 people. In 2023, Eastman had sales revenue of approximately $9.21 billion.
Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.
EMN vs R — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.1B |
| Net Profit | $105.0M | $93.0M |
| Gross Margin | 17.1% | — |
| Operating Margin | — | — |
| Net Margin | 5.3% | 3.0% |
| Revenue YoY | -13.8% | 1.0% |
| Net Profit YoY | -42.3% | -5.1% |
| EPS (diluted) | $0.93 | $2.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.0B | $3.1B | ||
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.3B | $3.1B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.5B | $3.2B | ||
| Q2 24 | $2.4B | $3.2B |
| Q1 26 | $105.0M | $93.0M | ||
| Q4 25 | $105.0M | $132.0M | ||
| Q3 25 | $47.0M | $138.0M | ||
| Q2 25 | $140.0M | $131.0M | ||
| Q1 25 | $182.0M | $98.0M | ||
| Q4 24 | $330.0M | $135.0M | ||
| Q3 24 | $180.0M | $142.0M | ||
| Q2 24 | $230.0M | $127.0M |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 24.7% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 25.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 5.6% | ||
| Q3 25 | 6.1% | 6.0% | ||
| Q2 25 | 7.4% | 5.8% | ||
| Q1 25 | 11.0% | 4.3% | ||
| Q4 24 | 13.2% | 5.7% | ||
| Q3 24 | 11.4% | 5.9% | ||
| Q2 24 | 12.1% | 5.6% |
| Q1 26 | 5.3% | 3.0% | ||
| Q4 25 | 5.3% | 4.2% | ||
| Q3 25 | 2.1% | 4.4% | ||
| Q2 25 | 6.1% | 4.1% | ||
| Q1 25 | 7.9% | 3.1% | ||
| Q4 24 | 14.7% | 4.2% | ||
| Q3 24 | 7.3% | 4.5% | ||
| Q2 24 | 9.7% | 4.0% |
| Q1 26 | $0.93 | $2.34 | ||
| Q4 25 | $0.93 | $3.22 | ||
| Q3 25 | $0.40 | $3.32 | ||
| Q2 25 | $1.20 | $3.13 | ||
| Q1 25 | $1.57 | $2.27 | ||
| Q4 24 | $2.81 | $3.09 | ||
| Q3 24 | $1.53 | $3.24 | ||
| Q2 24 | $1.94 | $2.84 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $566.0M | $182.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.0B | $2.9B |
| Total Assets | $14.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $566.0M | $182.0M | ||
| Q4 25 | $566.0M | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | $837.0M | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
| Q1 26 | $6.0B | $2.9B | ||
| Q4 25 | $6.0B | $3.1B | ||
| Q3 25 | $5.8B | $3.1B | ||
| Q2 25 | $5.8B | $3.1B | ||
| Q1 25 | $5.9B | $3.0B | ||
| Q4 24 | $5.8B | $3.1B | ||
| Q3 24 | $5.7B | $3.1B | ||
| Q2 24 | $5.6B | $3.1B |
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $16.4B | ||
| Q3 25 | $15.0B | $16.5B | ||
| Q2 25 | $15.2B | $16.5B | ||
| Q1 25 | $15.0B | $16.4B | ||
| Q4 24 | $15.2B | $16.7B | ||
| Q3 24 | $15.1B | $16.5B | ||
| Q2 24 | $14.9B | $16.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $583.0M |
| Free Cash FlowOCF − Capex | — | $273.0M |
| FCF MarginFCF / Revenue | — | 8.7% |
| Capex IntensityCapex / Revenue | — | 13.7% |
| Cash ConversionOCF / Net Profit | — | 6.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $583.0M | ||
| Q4 25 | $502.0M | $749.0M | ||
| Q3 25 | $402.0M | $442.0M | ||
| Q2 25 | $233.0M | $752.0M | ||
| Q1 25 | $-167.0M | $651.0M | ||
| Q4 24 | $540.0M | $558.0M | ||
| Q3 24 | $396.0M | $629.0M | ||
| Q2 24 | $367.0M | $552.0M |
| Q1 26 | — | $273.0M | ||
| Q4 25 | $390.0M | $344.0M | ||
| Q3 25 | $265.0M | $-85.0M | ||
| Q2 25 | $83.0M | $63.0M | ||
| Q1 25 | $-314.0M | $137.0M | ||
| Q4 24 | $361.0M | $-201.0M | ||
| Q3 24 | $276.0M | $30.0M | ||
| Q2 24 | $252.0M | $-87.0M |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 19.8% | 10.8% | ||
| Q3 25 | 12.0% | -2.7% | ||
| Q2 25 | 3.6% | 2.0% | ||
| Q1 25 | -13.7% | 4.4% | ||
| Q4 24 | 16.1% | -6.3% | ||
| Q3 24 | 11.2% | 0.9% | ||
| Q2 24 | 10.7% | -2.7% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 5.7% | 12.8% | ||
| Q3 25 | 6.2% | 16.6% | ||
| Q2 25 | 6.6% | 21.6% | ||
| Q1 25 | 6.4% | 16.4% | ||
| Q4 24 | 8.0% | 23.8% | ||
| Q3 24 | 4.9% | 18.9% | ||
| Q2 24 | 4.9% | 20.1% |
| Q1 26 | — | 6.27× | ||
| Q4 25 | 4.78× | 5.67× | ||
| Q3 25 | 8.55× | 3.20× | ||
| Q2 25 | 1.66× | 5.74× | ||
| Q1 25 | -0.92× | 6.64× | ||
| Q4 24 | 1.64× | 4.13× | ||
| Q3 24 | 2.20× | 4.43× | ||
| Q2 24 | 1.60× | 4.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EMN
Segment breakdown not available.
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
