Ryder System Inc (R)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 11,080,000 | 10,904,000 | 10,681,000 | 10,407,000 | 10,276,000 | 10,363,320 | 10,472,170 | 10,604,150 | 10,564,800 | 10,191,500 | 9,709,110 | 9,149,100 | 8,578,330 | 8,210,240 | 7,946,170 | 7,519,920 | 7,477,230 | 7,839,850 | 7,908,360 | 8,240,220 |
| Revenue (ttm) | US$ in thousands | 12,637,000 | 12,471,000 | 12,227,000 | 11,929,000 | 11,783,000 | 11,848,000 | 11,959,000 | 12,109,000 | 12,011,000 | 11,523,090 | 10,947,140 | 10,295,380 | 9,663,000 | 9,275,750 | 8,967,280 | 8,480,320 | 8,420,010 | 8,483,720 | 8,557,070 | 8,906,780 |
| Gross profit margin | 87.68% | 87.43% | 87.36% | 87.24% | 87.21% | 87.47% | 87.57% | 87.57% | 87.96% | 88.44% | 88.69% | 88.87% | 88.78% | 88.51% | 88.61% | 88.67% | 88.80% | 92.41% | 92.42% | 92.52% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,080,000K ÷ $12,637,000K
= 87.68%
The gross profit margin of Ryder System Inc has shown a gradual decline over the period from March 31, 2020, to December 31, 2024. Starting at a high of 92.52% in March 2020, the gross profit margin decreased to 87.68% by December 2024. This downward trend indicates that the company's cost of goods sold has been increasing at a faster rate than its revenue, resulting in a lower percentage of revenue retained as gross profit.
It is important to note that a declining gross profit margin can signal pricing pressures, increased competition, or inefficiencies in production or cost management. Investors and analysts may need to further investigate the factors contributing to this trend to assess the company's overall profitability and operational efficiency.
Peer comparison
Dec 31, 2024