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Side-by-side financial comparison of RYDER SYSTEM INC (R) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $3.1B, roughly 1.5× RYDER SYSTEM INC). TE Connectivity runs the higher net margin — 18.0% vs 3.0%, a 15.0% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs 1.0%). TE Connectivity produced more free cash flow last quarter ($680.0M vs $273.0M). Over the past eight quarters, TE Connectivity's revenue compounded faster (9.2% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
R vs TEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.7B |
| Net Profit | $93.0M | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | — | 20.1% |
| Net Margin | 3.0% | 18.0% |
| Revenue YoY | 1.0% | 14.5% |
| Net Profit YoY | -5.1% | 58.0% |
| EPS (diluted) | $2.34 | $2.90 |
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 | $4.7B | ||
| Q4 25 | $3.2B | $4.7B | ||
| Q3 25 | $3.2B | $4.7B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.1B | $4.1B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.2B | $4.1B | ||
| Q2 24 | $3.2B | $4.0B |
| Q1 26 | $93.0M | $855.0M | ||
| Q4 25 | $132.0M | $750.0M | ||
| Q3 25 | $138.0M | $663.0M | ||
| Q2 25 | $131.0M | $638.0M | ||
| Q1 25 | $98.0M | $13.0M | ||
| Q4 24 | $135.0M | $528.0M | ||
| Q3 24 | $142.0M | $276.0M | ||
| Q2 24 | $127.0M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | 5.6% | 20.6% | ||
| Q3 25 | 6.0% | 19.3% | ||
| Q2 25 | 5.8% | 18.9% | ||
| Q1 25 | 4.3% | 18.1% | ||
| Q4 24 | 5.7% | 18.0% | ||
| Q3 24 | 5.9% | 16.0% | ||
| Q2 24 | 5.6% | 19.0% |
| Q1 26 | 3.0% | 18.0% | ||
| Q4 25 | 4.2% | 16.1% | ||
| Q3 25 | 4.4% | 14.0% | ||
| Q2 25 | 4.1% | 14.1% | ||
| Q1 25 | 3.1% | 0.3% | ||
| Q4 24 | 4.2% | 13.8% | ||
| Q3 24 | 4.5% | 6.8% | ||
| Q2 24 | 4.0% | 14.4% |
| Q1 26 | $2.34 | $2.90 | ||
| Q4 25 | $3.22 | $2.53 | ||
| Q3 25 | $3.32 | $2.23 | ||
| Q2 25 | $3.13 | $2.14 | ||
| Q1 25 | $2.27 | $0.04 | ||
| Q4 24 | $3.09 | $1.75 | ||
| Q3 24 | $3.24 | $0.96 | ||
| Q2 24 | $2.84 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $2.9B | $13.2B |
| Total Assets | — | $25.7B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | $1.1B | ||
| Q4 25 | $198.0M | $1.3B | ||
| Q3 25 | $189.0M | $1.3B | ||
| Q2 25 | $180.0M | $672.0M | ||
| Q1 25 | $151.0M | $2.6B | ||
| Q4 24 | $154.0M | $1.3B | ||
| Q3 24 | $162.0M | $1.3B | ||
| Q2 24 | $164.0M | $1.5B |
| Q1 26 | — | $5.7B | ||
| 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 | $2.9B | $13.2B | ||
| Q4 25 | $3.1B | $13.0B | ||
| Q3 25 | $3.1B | $12.6B | ||
| Q2 25 | $3.1B | $12.4B | ||
| Q1 25 | $3.0B | $12.1B | ||
| Q4 24 | $3.1B | $12.4B | ||
| Q3 24 | $3.1B | $12.4B | ||
| Q2 24 | $3.1B | $12.6B |
| Q1 26 | — | $25.7B | ||
| Q4 25 | $16.4B | $25.6B | ||
| Q3 25 | $16.5B | $25.1B | ||
| Q2 25 | $16.5B | $24.9B | ||
| Q1 25 | $16.4B | $23.7B | ||
| Q4 24 | $16.7B | $22.4B | ||
| Q3 24 | $16.5B | $22.9B | ||
| Q2 24 | $16.4B | $22.9B |
| Q1 26 | — | 0.43× | ||
| 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 | $947.0M |
| Free Cash FlowOCF − Capex | $273.0M | $680.0M |
| FCF MarginFCF / Revenue | 8.7% | 14.3% |
| Capex IntensityCapex / Revenue | 13.7% | 5.7% |
| Cash ConversionOCF / Net Profit | 6.27× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | $947.0M | ||
| Q4 25 | $749.0M | $865.0M | ||
| Q3 25 | $442.0M | $1.4B | ||
| Q2 25 | $752.0M | $1.2B | ||
| Q1 25 | $651.0M | $653.0M | ||
| Q4 24 | $558.0M | $878.0M | ||
| Q3 24 | $629.0M | $1.0B | ||
| Q2 24 | $552.0M | $1.0B |
| Q1 26 | $273.0M | $680.0M | ||
| Q4 25 | $344.0M | $607.0M | ||
| Q3 25 | $-85.0M | $1.1B | ||
| Q2 25 | $63.0M | $957.0M | ||
| Q1 25 | $137.0M | $423.0M | ||
| Q4 24 | $-201.0M | $673.0M | ||
| Q3 24 | $30.0M | $829.0M | ||
| Q2 24 | $-87.0M | $857.0M |
| Q1 26 | 8.7% | 14.3% | ||
| Q4 25 | 10.8% | 13.0% | ||
| Q3 25 | -2.7% | 24.2% | ||
| Q2 25 | 2.0% | 21.1% | ||
| Q1 25 | 4.4% | 10.2% | ||
| Q4 24 | -6.3% | 17.5% | ||
| Q3 24 | 0.9% | 20.4% | ||
| Q2 24 | -2.7% | 21.5% |
| Q1 26 | 13.7% | 5.7% | ||
| Q4 25 | 12.8% | 5.5% | ||
| Q3 25 | 16.6% | 5.7% | ||
| Q2 25 | 21.6% | 5.1% | ||
| Q1 25 | 16.4% | 5.6% | ||
| Q4 24 | 23.8% | 5.3% | ||
| Q3 24 | 18.9% | 5.2% | ||
| Q2 24 | 20.1% | 3.7% |
| Q1 26 | 6.27× | 1.11× | ||
| Q4 25 | 5.67× | 1.15× | ||
| Q3 25 | 3.20× | 2.14× | ||
| Q2 25 | 5.74× | 1.86× | ||
| Q1 25 | 6.64× | 50.23× | ||
| Q4 24 | 4.13× | 1.66× | ||
| Q3 24 | 4.43× | 3.78× | ||
| Q2 24 | 4.35× | 1.76× |
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% |
TEL
Segment breakdown not available.
