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Side-by-side financial comparison of RYDER SYSTEM INC (R) and T-Mobile US (TMUS). Click either name above to swap in a different company.
T-Mobile US is the larger business by last-quarter revenue ($23.1B vs $3.1B, roughly 7.4× RYDER SYSTEM INC). T-Mobile US runs the higher net margin — 10.8% vs 3.0%, a 7.9% gap on every dollar of revenue. On growth, T-Mobile US posted the faster year-over-year revenue change (10.6% vs 1.0%). Over the past eight quarters, T-Mobile US's revenue compounded faster (8.1% 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.
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
R vs TMUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $23.1B |
| Net Profit | $93.0M | $2.5B |
| Gross Margin | — | — |
| Operating Margin | — | 20.8% |
| Net Margin | 3.0% | 10.8% |
| Revenue YoY | 1.0% | 10.6% |
| Net Profit YoY | -5.1% | -15.2% |
| EPS (diluted) | $2.34 | $2.27 |
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 | $23.1B | ||
| Q4 25 | $3.2B | $24.3B | ||
| Q3 25 | $3.2B | $22.0B | ||
| Q2 25 | $3.2B | $21.1B | ||
| Q1 25 | $3.1B | $20.9B | ||
| Q4 24 | $3.2B | $21.9B | ||
| Q3 24 | $3.2B | $20.2B | ||
| Q2 24 | $3.2B | $19.8B |
| Q1 26 | $93.0M | $2.5B | ||
| Q4 25 | $132.0M | $2.1B | ||
| Q3 25 | $138.0M | $2.7B | ||
| Q2 25 | $131.0M | $3.2B | ||
| Q1 25 | $98.0M | $3.0B | ||
| Q4 24 | $135.0M | $3.0B | ||
| Q3 24 | $142.0M | $3.1B | ||
| Q2 24 | $127.0M | $2.9B |
| Q1 26 | — | 20.8% | ||
| Q4 25 | 5.6% | 15.4% | ||
| Q3 25 | 6.0% | 20.6% | ||
| Q2 25 | 5.8% | 24.7% | ||
| Q1 25 | 4.3% | 23.0% | ||
| Q4 24 | 5.7% | 21.0% | ||
| Q3 24 | 5.9% | 23.8% | ||
| Q2 24 | 5.6% | 23.4% |
| Q1 26 | 3.0% | 10.8% | ||
| Q4 25 | 4.2% | 8.6% | ||
| Q3 25 | 4.4% | 12.4% | ||
| Q2 25 | 4.1% | 15.2% | ||
| Q1 25 | 3.1% | 14.1% | ||
| Q4 24 | 4.2% | 13.6% | ||
| Q3 24 | 4.5% | 15.2% | ||
| Q2 24 | 4.0% | 14.8% |
| Q1 26 | $2.34 | $2.27 | ||
| Q4 25 | $3.22 | $1.89 | ||
| Q3 25 | $3.32 | $2.41 | ||
| Q2 25 | $3.13 | $2.84 | ||
| Q1 25 | $2.27 | $2.58 | ||
| Q4 24 | $3.09 | $2.56 | ||
| Q3 24 | $3.24 | $2.61 | ||
| Q2 24 | $2.84 | $2.49 |
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 | $3.5B |
| Total DebtLower is stronger | — | $86.0B |
| Stockholders' EquityBook value | $2.9B | $55.9B |
| Total Assets | — | $214.7B |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | $3.5B | ||
| Q4 25 | $198.0M | $5.6B | ||
| Q3 25 | $189.0M | $3.3B | ||
| Q2 25 | $180.0M | $10.3B | ||
| Q1 25 | $151.0M | $12.0B | ||
| Q4 24 | $154.0M | $5.4B | ||
| Q3 24 | $162.0M | $9.8B | ||
| Q2 24 | $164.0M | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | $6.8B | $86.3B | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.0B | — | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $6.7B | $78.3B | ||
| Q3 24 | $6.6B | — | ||
| Q2 24 | $6.5B | — |
| Q1 26 | $2.9B | $55.9B | ||
| Q4 25 | $3.1B | $59.2B | ||
| Q3 25 | $3.1B | $60.5B | ||
| Q2 25 | $3.1B | $61.1B | ||
| Q1 25 | $3.0B | $61.1B | ||
| Q4 24 | $3.1B | $61.7B | ||
| Q3 24 | $3.1B | $64.3B | ||
| Q2 24 | $3.1B | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $16.4B | $219.2B | ||
| Q3 25 | $16.5B | $217.2B | ||
| Q2 25 | $16.5B | $212.6B | ||
| Q1 25 | $16.4B | $214.6B | ||
| Q4 24 | $16.7B | $208.0B | ||
| Q3 24 | $16.5B | $210.7B | ||
| Q2 24 | $16.4B | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | 2.24× | 1.46× | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.21× | — | ||
| Q4 24 | 2.14× | 1.27× | ||
| 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 | $7.2B |
| Free Cash FlowOCF − Capex | $273.0M | — |
| FCF MarginFCF / Revenue | 8.7% | — |
| Capex IntensityCapex / Revenue | 13.7% | 0.0% |
| Cash ConversionOCF / Net Profit | 6.27× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | $7.2B | ||
| Q4 25 | $749.0M | $6.7B | ||
| Q3 25 | $442.0M | $7.5B | ||
| Q2 25 | $752.0M | $7.0B | ||
| Q1 25 | $651.0M | $6.8B | ||
| Q4 24 | $558.0M | $5.5B | ||
| Q3 24 | $629.0M | $6.1B | ||
| Q2 24 | $552.0M | $5.5B |
| Q1 26 | $273.0M | — | ||
| Q4 25 | $344.0M | $4.2B | ||
| Q3 25 | $-85.0M | $4.8B | ||
| Q2 25 | $63.0M | $4.6B | ||
| Q1 25 | $137.0M | $4.4B | ||
| Q4 24 | $-201.0M | $3.3B | ||
| Q3 24 | $30.0M | $4.2B | ||
| Q2 24 | $-87.0M | $3.5B |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 10.8% | 17.2% | ||
| Q3 25 | -2.7% | 21.9% | ||
| Q2 25 | 2.0% | 21.7% | ||
| Q1 25 | 4.4% | 21.0% | ||
| Q4 24 | -6.3% | 15.3% | ||
| Q3 24 | 0.9% | 20.7% | ||
| Q2 24 | -2.7% | 17.6% |
| Q1 26 | 13.7% | 0.0% | ||
| Q4 25 | 12.8% | 10.1% | ||
| Q3 25 | 16.6% | 12.0% | ||
| Q2 25 | 21.6% | 11.3% | ||
| Q1 25 | 16.4% | 11.7% | ||
| Q4 24 | 23.8% | 10.1% | ||
| Q3 24 | 18.9% | 9.7% | ||
| Q2 24 | 20.1% | 10.3% |
| Q1 26 | 6.27× | 2.88× | ||
| Q4 25 | 5.67× | 3.16× | ||
| Q3 25 | 3.20× | 2.75× | ||
| Q2 25 | 5.74× | 2.17× | ||
| Q1 25 | 6.64× | 2.32× | ||
| Q4 24 | 4.13× | 1.86× | ||
| Q3 24 | 4.43× | 2.01× | ||
| Q2 24 | 4.35× | 1.89× |
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% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
