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Side-by-side financial comparison of RYDER SYSTEM INC (R) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
RYDER SYSTEM INC is the larger business by last-quarter revenue ($13.1B vs $6.2B, roughly 2.1× Union Pacific Corporation). Union Pacific Corporation runs the higher net margin — 27.4% vs 0.7%, a 26.7% gap on every dollar of revenue. On growth, Union Pacific Corporation posted the faster year-over-year revenue change (3.2% vs 1.0%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $273.0M). Over the past eight quarters, RYDER SYSTEM INC's revenue compounded faster (102.9% CAGR vs 1.7%).
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 Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
R vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.1B | $6.2B |
| Net Profit | $93.0M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | — | 39.5% |
| Net Margin | 0.7% | 27.4% |
| Revenue YoY | 1.0% | 3.2% |
| Net Profit YoY | -5.1% | 4.6% |
| EPS (diluted) | $2.34 | $2.87 |
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 | $13.1B | $6.2B | ||
| Q4 25 | $3.2B | $6.1B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.2B | $6.2B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $3.2B | $6.1B | ||
| Q3 24 | $3.2B | $6.1B | ||
| Q2 24 | $3.2B | $6.0B |
| Q1 26 | $93.0M | $1.7B | ||
| Q4 25 | $132.0M | $1.8B | ||
| Q3 25 | $138.0M | $1.8B | ||
| Q2 25 | $131.0M | $1.9B | ||
| Q1 25 | $98.0M | $1.6B | ||
| Q4 24 | $135.0M | $1.8B | ||
| Q3 24 | $142.0M | $1.7B | ||
| Q2 24 | $127.0M | $1.7B |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 5.6% | 39.5% | ||
| Q3 25 | 6.0% | 40.8% | ||
| Q2 25 | 5.8% | 41.0% | ||
| Q1 25 | 4.3% | 39.3% | ||
| Q4 24 | 5.7% | 41.3% | ||
| Q3 24 | 5.9% | 39.7% | ||
| Q2 24 | 5.6% | 40.0% |
| Q1 26 | 0.7% | 27.4% | ||
| Q4 25 | 4.2% | 30.4% | ||
| Q3 25 | 4.4% | 28.6% | ||
| Q2 25 | 4.1% | 30.5% | ||
| Q1 25 | 3.1% | 27.0% | ||
| Q4 24 | 4.2% | 28.8% | ||
| Q3 24 | 4.5% | 27.4% | ||
| Q2 24 | 4.0% | 27.9% |
| Q1 26 | $2.34 | $2.87 | ||
| Q4 25 | $3.22 | $3.12 | ||
| Q3 25 | $3.32 | $3.01 | ||
| Q2 25 | $3.13 | $3.15 | ||
| Q1 25 | $2.27 | $2.70 | ||
| Q4 24 | $3.09 | $2.91 | ||
| Q3 24 | $3.24 | $2.75 | ||
| Q2 24 | $2.84 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | — |
| Total Assets | — | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | $735.0M | ||
| Q4 25 | $198.0M | $1.3B | ||
| Q3 25 | $189.0M | $808.0M | ||
| Q2 25 | $180.0M | $1.1B | ||
| Q1 25 | $151.0M | $1.4B | ||
| Q4 24 | $154.0M | $1.0B | ||
| Q3 24 | $162.0M | $947.0M | ||
| Q2 24 | $164.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $6.8B | $30.3B | ||
| Q3 25 | $7.3B | $30.3B | ||
| Q2 25 | $7.0B | $30.3B | ||
| Q1 25 | $6.7B | $30.6B | ||
| Q4 24 | $6.7B | $29.8B | ||
| Q3 24 | $6.6B | $29.8B | ||
| Q2 24 | $6.5B | $31.2B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $18.5B | ||
| Q3 25 | $3.1B | $17.3B | ||
| Q2 25 | $3.1B | $16.3B | ||
| Q1 25 | $3.0B | $16.0B | ||
| Q4 24 | $3.1B | $16.9B | ||
| Q3 24 | $3.1B | $16.6B | ||
| Q2 24 | $3.1B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $16.4B | $69.7B | ||
| Q3 25 | $16.5B | $68.6B | ||
| Q2 25 | $16.5B | $68.6B | ||
| Q1 25 | $16.4B | $68.5B | ||
| Q4 24 | $16.7B | $67.7B | ||
| Q3 24 | $16.5B | $67.6B | ||
| Q2 24 | $16.4B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | 2.24× | 1.64× | ||
| Q3 25 | 2.35× | 1.75× | ||
| Q2 25 | 2.27× | 1.86× | ||
| Q1 25 | 2.21× | 1.91× | ||
| Q4 24 | 2.14× | 1.76× | ||
| Q3 24 | 2.17× | 1.79× | ||
| Q2 24 | 2.09× | 1.89× |
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 | — |
| Free Cash FlowOCF − Capex | $273.0M | $631.0M |
| FCF MarginFCF / Revenue | 2.1% | 10.1% |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | 6.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | — | ||
| Q4 25 | $749.0M | $2.2B | ||
| Q3 25 | $442.0M | $2.5B | ||
| Q2 25 | $752.0M | $2.3B | ||
| Q1 25 | $651.0M | $2.2B | ||
| Q4 24 | $558.0M | $2.7B | ||
| Q3 24 | $629.0M | $2.7B | ||
| Q2 24 | $552.0M | $1.9B |
| Q1 26 | $273.0M | $631.0M | ||
| Q4 25 | $344.0M | $1.2B | ||
| Q3 25 | $-85.0M | $1.6B | ||
| Q2 25 | $63.0M | $1.4B | ||
| Q1 25 | $137.0M | $1.3B | ||
| Q4 24 | $-201.0M | $1.7B | ||
| Q3 24 | $30.0M | $1.8B | ||
| Q2 24 | $-87.0M | $1.0B |
| Q1 26 | 2.1% | 10.1% | ||
| Q4 25 | 10.8% | 20.1% | ||
| Q3 25 | -2.7% | 25.2% | ||
| Q2 25 | 2.0% | 22.7% | ||
| Q1 25 | 4.4% | 21.6% | ||
| Q4 24 | -6.3% | 28.4% | ||
| Q3 24 | 0.9% | 29.9% | ||
| Q2 24 | -2.7% | 16.8% |
| Q1 26 | 3.3% | — | ||
| Q4 25 | 12.8% | 16.4% | ||
| Q3 25 | 16.6% | 15.2% | ||
| Q2 25 | 21.6% | 15.2% | ||
| Q1 25 | 16.4% | 15.0% | ||
| Q4 24 | 23.8% | 15.1% | ||
| Q3 24 | 18.9% | 13.6% | ||
| Q2 24 | 20.1% | 15.0% |
| Q1 26 | 6.27× | — | ||
| Q4 25 | 5.67× | 1.20× | ||
| Q3 25 | 3.20× | 1.41× | ||
| Q2 25 | 5.74× | 1.24× | ||
| Q1 25 | 6.64× | 1.36× | ||
| Q4 24 | 4.13× | 1.51× | ||
| Q3 24 | 4.43× | 1.59× | ||
| Q2 24 | 4.35× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
R
Segment breakdown not available.
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
