Ryder System Inc (R)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,079,000 | 10,276,000 | 10,526,000 | 8,578,330 | 7,477,220 |
| Revenue | US$ in thousands | 12,636,000 | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 |
| Gross profit margin | 87.68% | 87.21% | 87.64% | 88.78% | 88.80% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,079,000K ÷ $12,636,000K
= 87.68%
Based on the provided data, the gross profit margin of Ryder System Inc has shown a slight decrease from 88.80% as of December 31, 2020, to 87.68% as of December 31, 2024. This indicates that the company's ability to generate profit from its core business operations has experienced a modest decline over the years. It is essential for the company to closely monitor and potentially optimize its cost of goods sold and revenue generation strategies to improve this margin in the future.
Peer comparison
Dec 31, 2024
Company name
Symbol
Gross profit margin
Ryder System Inc
R
87.68%
Avis Budget Group Inc
CAR
71.90%
Hertz Global Holdings Inc
HTZ
7.99%