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Side-by-side financial comparison of RYDER SYSTEM INC (R) and TD SYNNEX CORP (SNX). Click either name above to swap in a different company.
TD SYNNEX CORP is the larger business by last-quarter revenue ($17.4B vs $3.1B, roughly 5.6× RYDER SYSTEM INC). RYDER SYSTEM INC runs the higher net margin — 3.0% vs 1.4%, a 1.5% gap on every dollar of revenue. On growth, TD SYNNEX CORP posted the faster year-over-year revenue change (9.7% vs 1.0%). TD SYNNEX CORP produced more free cash flow last quarter ($1.4B vs $273.0M). Over the past eight quarters, TD SYNNEX CORP's revenue compounded faster (11.5% CAGR vs -0.9%).
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.
TD Synnex Corporation is an American IT distribution company with a workforce of 22,000 in over 100 countries. It was formed in 2021 by the merger of Synnex and Tech Data. TD Synnex is led by CEO Patrick Zammit.
R vs SNX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $17.4B |
| Net Profit | $93.0M | $248.4M |
| Gross Margin | — | 6.9% |
| Operating Margin | — | 2.3% |
| Net Margin | 3.0% | 1.4% |
| Revenue YoY | 1.0% | 9.7% |
| Net Profit YoY | -5.1% | 27.5% |
| EPS (diluted) | $2.34 | $3.02 |
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 | $3.1B | — | ||
| Q4 25 | $3.2B | $17.4B | ||
| Q3 25 | $3.2B | $15.7B | ||
| Q2 25 | $3.2B | $14.9B | ||
| Q1 25 | $3.1B | $14.5B | ||
| Q4 24 | $3.2B | $15.8B | ||
| Q3 24 | $3.2B | $14.7B | ||
| Q2 24 | $3.2B | $13.9B |
| Q1 26 | $93.0M | — | ||
| Q4 25 | $132.0M | $248.4M | ||
| Q3 25 | $138.0M | $226.8M | ||
| Q2 25 | $131.0M | $184.9M | ||
| Q1 25 | $98.0M | $167.5M | ||
| Q4 24 | $135.0M | $194.8M | ||
| Q3 24 | $142.0M | $178.6M | ||
| Q2 24 | $127.0M | $143.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 7.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 2.3% | ||
| Q3 25 | 6.0% | 2.5% | ||
| Q2 25 | 5.8% | 2.2% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 5.7% | 2.0% | ||
| Q3 24 | 5.9% | 2.1% | ||
| Q2 24 | 5.6% | 1.9% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 4.2% | 1.4% | ||
| Q3 25 | 4.4% | 1.4% | ||
| Q2 25 | 4.1% | 1.2% | ||
| Q1 25 | 3.1% | 1.2% | ||
| Q4 24 | 4.2% | 1.2% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 4.0% | 1.0% |
| Q1 26 | $2.34 | — | ||
| Q4 25 | $3.22 | $3.02 | ||
| Q3 25 | $3.32 | $2.74 | ||
| Q2 25 | $3.13 | $2.21 | ||
| Q1 25 | $2.27 | $1.98 | ||
| Q4 24 | $3.09 | $2.28 | ||
| Q3 24 | $3.24 | $2.08 | ||
| Q2 24 | $2.84 | $1.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $182.0M | $2.4B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $2.9B | $8.5B |
| Total Assets | — | $34.3B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | — | ||
| Q4 25 | $198.0M | $2.4B | ||
| Q3 25 | $189.0M | $874.4M | ||
| Q2 25 | $180.0M | $767.1M | ||
| Q1 25 | $151.0M | $541.9M | ||
| Q4 24 | $154.0M | $1.1B | ||
| Q3 24 | $162.0M | $853.9M | ||
| Q2 24 | $164.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $6.8B | $3.6B | ||
| Q3 25 | $7.3B | $3.0B | ||
| Q2 25 | $7.0B | $3.7B | ||
| Q1 25 | $6.7B | $3.7B | ||
| Q4 24 | $6.7B | $3.7B | ||
| Q3 24 | $6.6B | $3.7B | ||
| Q2 24 | $6.5B | $3.7B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $8.5B | ||
| Q3 25 | $3.1B | $8.5B | ||
| Q2 25 | $3.1B | $8.3B | ||
| Q1 25 | $3.0B | $8.1B | ||
| Q4 24 | $3.1B | $8.0B | ||
| Q3 24 | $3.1B | $8.2B | ||
| Q2 24 | $3.1B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | $16.4B | $34.3B | ||
| Q3 25 | $16.5B | $31.7B | ||
| Q2 25 | $16.5B | $30.5B | ||
| Q1 25 | $16.4B | $28.8B | ||
| Q4 24 | $16.7B | $30.3B | ||
| Q3 24 | $16.5B | $29.2B | ||
| Q2 24 | $16.4B | $27.7B |
| Q1 26 | — | — | ||
| Q4 25 | 2.24× | 0.43× | ||
| Q3 25 | 2.35× | 0.36× | ||
| Q2 25 | 2.27× | 0.45× | ||
| Q1 25 | 2.21× | 0.46× | ||
| Q4 24 | 2.14× | 0.46× | ||
| Q3 24 | 2.17× | 0.46× | ||
| Q2 24 | 2.09× | 0.47× |
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 | $1.5B |
| Free Cash FlowOCF − Capex | $273.0M | $1.4B |
| FCF MarginFCF / Revenue | 8.7% | 8.2% |
| Capex IntensityCapex / Revenue | 13.7% | 0.2% |
| Cash ConversionOCF / Net Profit | 6.27× | 5.88× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | — | ||
| Q4 25 | $749.0M | $1.5B | ||
| Q3 25 | $442.0M | $246.1M | ||
| Q2 25 | $752.0M | $573.2M | ||
| Q1 25 | $651.0M | $-748.0M | ||
| Q4 24 | $558.0M | $561.9M | ||
| Q3 24 | $629.0M | $385.8M | ||
| Q2 24 | $552.0M | $-114.7M |
| Q1 26 | $273.0M | — | ||
| Q4 25 | $344.0M | $1.4B | ||
| Q3 25 | $-85.0M | $213.9M | ||
| Q2 25 | $63.0M | $542.9M | ||
| Q1 25 | $137.0M | $-789.5M | ||
| Q4 24 | $-201.0M | $512.9M | ||
| Q3 24 | $30.0M | $338.6M | ||
| Q2 24 | $-87.0M | $-152.5M |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 10.8% | 8.2% | ||
| Q3 25 | -2.7% | 1.4% | ||
| Q2 25 | 2.0% | 3.6% | ||
| Q1 25 | 4.4% | -5.4% | ||
| Q4 24 | -6.3% | 3.2% | ||
| Q3 24 | 0.9% | 2.3% | ||
| Q2 24 | -2.7% | -1.1% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 12.8% | 0.2% | ||
| Q3 25 | 16.6% | 0.2% | ||
| Q2 25 | 21.6% | 0.2% | ||
| Q1 25 | 16.4% | 0.3% | ||
| Q4 24 | 23.8% | 0.3% | ||
| Q3 24 | 18.9% | 0.3% | ||
| Q2 24 | 20.1% | 0.3% |
| Q1 26 | 6.27× | — | ||
| Q4 25 | 5.67× | 5.88× | ||
| Q3 25 | 3.20× | 1.09× | ||
| Q2 25 | 5.74× | 3.10× | ||
| Q1 25 | 6.64× | -4.46× | ||
| Q4 24 | 4.13× | 2.88× | ||
| Q3 24 | 4.43× | 2.16× | ||
| Q2 24 | 4.35× | -0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
SNX
Segment breakdown not available.
