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Side-by-side financial comparison of RYDER SYSTEM INC (R) and Toast, Inc. (TOST). Click either name above to swap in a different company.
RYDER SYSTEM INC is the larger business by last-quarter revenue ($3.1B vs $1.6B, roughly 1.9× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 3.0%, a 3.2% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 1.0%). RYDER SYSTEM INC produced more free cash flow last quarter ($273.0M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
R vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $1.6B |
| Net Profit | $93.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | — | 5.2% |
| Net Margin | 3.0% | 6.2% |
| Revenue YoY | 1.0% | 22.0% |
| Net Profit YoY | -5.1% | 215.6% |
| EPS (diluted) | $2.34 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $3.2B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.2B | $1.2B |
| Q1 26 | $93.0M | — | ||
| Q4 25 | $132.0M | $101.0M | ||
| Q3 25 | $138.0M | $105.0M | ||
| Q2 25 | $131.0M | $80.0M | ||
| Q1 25 | $98.0M | $56.0M | ||
| Q4 24 | $135.0M | $32.0M | ||
| Q3 24 | $142.0M | $56.0M | ||
| Q2 24 | $127.0M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 5.2% | ||
| Q3 25 | 6.0% | 5.1% | ||
| Q2 25 | 5.8% | 5.2% | ||
| Q1 25 | 4.3% | 3.2% | ||
| Q4 24 | 5.7% | 2.5% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 5.6% | 0.4% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 4.2% | 6.2% | ||
| Q3 25 | 4.4% | 6.4% | ||
| Q2 25 | 4.1% | 5.2% | ||
| Q1 25 | 3.1% | 4.2% | ||
| Q4 24 | 4.2% | 2.4% | ||
| Q3 24 | 4.5% | 4.3% | ||
| Q2 24 | 4.0% | 1.1% |
| Q1 26 | $2.34 | — | ||
| Q4 25 | $3.22 | $0.18 | ||
| Q3 25 | $3.32 | $0.16 | ||
| Q2 25 | $3.13 | $0.13 | ||
| Q1 25 | $2.27 | $0.09 | ||
| Q4 24 | $3.09 | $0.09 | ||
| Q3 24 | $3.24 | $0.07 | ||
| Q2 24 | $2.84 | $0.02 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $2.1B |
| Total Assets | — | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | — | ||
| Q4 25 | $198.0M | $1.4B | ||
| Q3 25 | $189.0M | $1.4B | ||
| Q2 25 | $180.0M | $1.2B | ||
| Q1 25 | $151.0M | $1.0B | ||
| Q4 24 | $154.0M | $903.0M | ||
| Q3 24 | $162.0M | $761.0M | ||
| Q2 24 | $164.0M | $691.0M |
| 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 | $2.9B | — | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.1B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $16.4B | $3.1B | ||
| Q3 25 | $16.5B | $3.0B | ||
| Q2 25 | $16.5B | $2.8B | ||
| Q1 25 | $16.4B | $2.6B | ||
| Q4 24 | $16.7B | $2.4B | ||
| Q3 24 | $16.5B | $2.2B | ||
| Q2 24 | $16.4B | $2.2B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | $273.0M | $178.0M |
| FCF MarginFCF / Revenue | 8.7% | 10.9% |
| Capex IntensityCapex / Revenue | 13.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 6.27× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | — | ||
| Q4 25 | $749.0M | $194.0M | ||
| Q3 25 | $442.0M | $165.0M | ||
| Q2 25 | $752.0M | $223.0M | ||
| Q1 25 | $651.0M | $79.0M | ||
| Q4 24 | $558.0M | $147.0M | ||
| Q3 24 | $629.0M | $109.0M | ||
| Q2 24 | $552.0M | $124.0M |
| Q1 26 | $273.0M | — | ||
| Q4 25 | $344.0M | $178.0M | ||
| Q3 25 | $-85.0M | $153.0M | ||
| Q2 25 | $63.0M | $208.0M | ||
| Q1 25 | $137.0M | $69.0M | ||
| Q4 24 | $-201.0M | $134.0M | ||
| Q3 24 | $30.0M | $97.0M | ||
| Q2 24 | $-87.0M | $108.0M |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 10.8% | 10.9% | ||
| Q3 25 | -2.7% | 9.4% | ||
| Q2 25 | 2.0% | 13.4% | ||
| Q1 25 | 4.4% | 5.2% | ||
| Q4 24 | -6.3% | 10.0% | ||
| Q3 24 | 0.9% | 7.4% | ||
| Q2 24 | -2.7% | 8.7% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 12.8% | 1.0% | ||
| Q3 25 | 16.6% | 0.7% | ||
| Q2 25 | 21.6% | 1.0% | ||
| Q1 25 | 16.4% | 0.7% | ||
| Q4 24 | 23.8% | 1.0% | ||
| Q3 24 | 18.9% | 0.9% | ||
| Q2 24 | 20.1% | 1.3% |
| Q1 26 | 6.27× | — | ||
| Q4 25 | 5.67× | 1.92× | ||
| Q3 25 | 3.20× | 1.57× | ||
| Q2 25 | 5.74× | 2.79× | ||
| Q1 25 | 6.64× | 1.41× | ||
| Q4 24 | 4.13× | 4.59× | ||
| Q3 24 | 4.43× | 1.95× | ||
| Q2 24 | 4.35× | 8.86× |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
