vs

Side-by-side financial comparison of RYDER SYSTEM INC (R) and Stryker Corporation (SYK). Click either name above to swap in a different company.

RYDER SYSTEM INC is the larger business by last-quarter revenue ($13.1B vs $7.2B, roughly 1.8× Stryker Corporation). Stryker Corporation runs the higher net margin — 11.8% vs 0.7%, a 11.1% gap on every dollar of revenue. On growth, Stryker Corporation posted the faster year-over-year revenue change (11.4% vs 1.0%). Stryker Corporation produced more free cash flow last quarter ($1.9B vs $273.0M). Over the past eight quarters, RYDER SYSTEM INC's revenue compounded faster (102.9% CAGR vs 16.9%).

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.

The Stryker is a family of eight-wheeled armored fighting vehicles derived from the Canadian LAV III, which in turn derived from the Swiss Mowag Piranha. Stryker vehicles are produced by General Dynamics Land Systems-Canada (GDLS-C) for the United States Army in a plant in London, Ontario. It has four-wheel drive (8×4) and can be switched to all-wheel drive (8×8).

R vs SYK — Head-to-Head

Bigger by revenue
R
R
1.8× larger
R
$13.1B
$7.2B
SYK
Growing faster (revenue YoY)
SYK
SYK
+10.4% gap
SYK
11.4%
1.0%
R
Higher net margin
SYK
SYK
11.1% more per $
SYK
11.8%
0.7%
R
More free cash flow
SYK
SYK
$1.6B more FCF
SYK
$1.9B
$273.0M
R
Faster 2-yr revenue CAGR
R
R
Annualised
R
102.9%
16.9%
SYK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
R
R
SYK
SYK
Revenue
$13.1B
$7.2B
Net Profit
$93.0M
$849.0M
Gross Margin
64.5%
Operating Margin
25.2%
Net Margin
0.7%
11.8%
Revenue YoY
1.0%
11.4%
Net Profit YoY
-5.1%
55.5%
EPS (diluted)
$2.34
$2.20

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.

Revenue
R
R
SYK
SYK
Q1 26
$13.1B
Q4 25
$3.2B
$7.2B
Q3 25
$3.2B
$6.1B
Q2 25
$3.2B
$6.0B
Q1 25
$3.1B
$5.9B
Q4 24
$3.2B
$6.4B
Q3 24
$3.2B
$5.5B
Q2 24
$3.2B
$5.4B
Net Profit
R
R
SYK
SYK
Q1 26
$93.0M
Q4 25
$132.0M
$849.0M
Q3 25
$138.0M
$859.0M
Q2 25
$131.0M
$884.0M
Q1 25
$98.0M
$654.0M
Q4 24
$135.0M
$546.0M
Q3 24
$142.0M
$834.0M
Q2 24
$127.0M
$825.0M
Gross Margin
R
R
SYK
SYK
Q1 26
Q4 25
64.5%
Q3 25
63.6%
Q2 25
63.8%
Q1 25
63.8%
Q4 24
64.9%
Q3 24
64.0%
Q2 24
63.0%
Operating Margin
R
R
SYK
SYK
Q1 26
Q4 25
5.6%
25.2%
Q3 25
6.0%
18.7%
Q2 25
5.8%
18.5%
Q1 25
4.3%
14.3%
Q4 24
5.7%
9.0%
Q3 24
5.9%
19.7%
Q2 24
5.6%
19.4%
Net Margin
R
R
SYK
SYK
Q1 26
0.7%
Q4 25
4.2%
11.8%
Q3 25
4.4%
14.2%
Q2 25
4.1%
14.7%
Q1 25
3.1%
11.1%
Q4 24
4.2%
8.5%
Q3 24
4.5%
15.2%
Q2 24
4.0%
15.2%
EPS (diluted)
R
R
SYK
SYK
Q1 26
$2.34
Q4 25
$3.22
$2.20
Q3 25
$3.32
$2.22
Q2 25
$3.13
$2.29
Q1 25
$2.27
$1.69
Q4 24
$3.09
$1.41
Q3 24
$3.24
$2.16
Q2 24
$2.84
$2.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
R
R
SYK
SYK
Cash + ST InvestmentsLiquidity on hand
$182.0M
$4.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$22.4B
Total Assets
$47.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
R
R
SYK
SYK
Q1 26
$182.0M
Q4 25
$198.0M
$4.0B
Q3 25
$189.0M
$3.3B
Q2 25
$180.0M
$2.4B
Q1 25
$151.0M
$2.3B
Q4 24
$154.0M
$3.7B
Q3 24
$162.0M
$3.9B
Q2 24
$164.0M
$1.9B
Total Debt
R
R
SYK
SYK
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
Stockholders' Equity
R
R
SYK
SYK
Q1 26
$2.9B
Q4 25
$3.1B
$22.4B
Q3 25
$3.1B
$21.8B
Q2 25
$3.1B
$21.2B
Q1 25
$3.0B
$20.9B
Q4 24
$3.1B
$20.6B
Q3 24
$3.1B
$20.1B
Q2 24
$3.1B
$19.8B
Total Assets
R
R
SYK
SYK
Q1 26
Q4 25
$16.4B
$47.8B
Q3 25
$16.5B
$47.1B
Q2 25
$16.5B
$46.3B
Q1 25
$16.4B
$46.0B
Q4 24
$16.7B
$43.0B
Q3 24
$16.5B
$43.8B
Q2 24
$16.4B
$39.1B
Debt / Equity
R
R
SYK
SYK
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
R
R
SYK
SYK
Operating Cash FlowLast quarter
$583.0M
$2.1B
Free Cash FlowOCF − Capex
$273.0M
$1.9B
FCF MarginFCF / Revenue
2.1%
26.1%
Capex IntensityCapex / Revenue
3.3%
3.7%
Cash ConversionOCF / Net Profit
6.27×
2.52×
TTM Free Cash FlowTrailing 4 quarters
$595.0M
$4.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
R
R
SYK
SYK
Q1 26
$583.0M
Q4 25
$749.0M
$2.1B
Q3 25
$442.0M
$1.5B
Q2 25
$752.0M
$1.1B
Q1 25
$651.0M
$250.0M
Q4 24
$558.0M
$1.9B
Q3 24
$629.0M
$1.5B
Q2 24
$552.0M
$633.0M
Free Cash Flow
R
R
SYK
SYK
Q1 26
$273.0M
Q4 25
$344.0M
$1.9B
Q3 25
$-85.0M
$1.4B
Q2 25
$63.0M
$928.0M
Q1 25
$137.0M
$127.0M
Q4 24
$-201.0M
$1.7B
Q3 24
$30.0M
$1.3B
Q2 24
$-87.0M
$481.0M
FCF Margin
R
R
SYK
SYK
Q1 26
2.1%
Q4 25
10.8%
26.1%
Q3 25
-2.7%
22.3%
Q2 25
2.0%
15.4%
Q1 25
4.4%
2.2%
Q4 24
-6.3%
25.9%
Q3 24
0.9%
23.7%
Q2 24
-2.7%
8.9%
Capex Intensity
R
R
SYK
SYK
Q1 26
3.3%
Q4 25
12.8%
3.7%
Q3 25
16.6%
3.1%
Q2 25
21.6%
3.0%
Q1 25
16.4%
2.1%
Q4 24
23.8%
4.1%
Q3 24
18.9%
3.1%
Q2 24
20.1%
2.8%
Cash Conversion
R
R
SYK
SYK
Q1 26
6.27×
Q4 25
5.67×
2.52×
Q3 25
3.20×
1.79×
Q2 25
5.74×
1.26×
Q1 25
6.64×
0.38×
Q4 24
4.13×
3.54×
Q3 24
4.43×
1.77×
Q2 24
4.35×
0.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

R
R

Segment breakdown not available.

SYK
SYK

Medical$1.3B18%
Endoscopy$1.1B16%
Traumaand Extremities$1.1B15%
Instruments$925.0M13%
Knees$749.0M10%
Neuro Cranial$669.0M9%
Neurovascular$539.0M8%
Hips$499.0M7%
Other Orthopaedics$267.0M4%
Spine$8.0M0%

Related Comparisons