Ryder System reported $3.40B of remaining performance obligations at 30 Sep 2026, up 3% from a year earlier and flat from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $0.
Over the last twelve months it turned about 388% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 21.0% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -0 points — revenue is catching up with orders.
By backlog size it ranks 146th among US filers the cockpit tracks.
Ryder System backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$3.40B
$13.1B
0.3 yrs
$715M
30 Jun 2026
$3.40B
$12.8B
0.3 yrs
$708M
31 Mar 2026
$3.40B
$12.7B
0.3 yrs
$691M
31 Dec 2025
$3.40B
$12.7B
0.3 yrs
$684M
30 Sep 2025
$3.30B
$12.7B
0.3 yrs
$661M
30 Jun 2025
$3.20B
$12.7B
0.3 yrs
$638M
31 Mar 2025
$3.20B
$12.7B
0.3 yrs
$613M
31 Dec 2024
$3.10B
$12.6B
0.2 yrs
$600M
30 Sep 2024
$3.00B
$12.5B
0.2 yrs
$586M
30 Jun 2024
$3.00B
$12.2B
0.2 yrs
$572M
31 Mar 2024
$2.90B
$11.9B
0.2 yrs
$553M
31 Dec 2023
$2.80B
$11.8B
0.2 yrs
$545M
Questions
What is Ryder System's backlog?
Ryder System reported $3.40B of remaining performance obligations at 30 Sep 2026, up 3% from a year earlier and flat from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does Ryder System's backlog turn into revenue?
Over the last twelve months Ryder System recognised revenue equal to about 388% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.