Ryder System Inc (R)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 489,000 | 406,000 | 867,000 | 519,000 | -122,000 |
| Revenue | US$ in thousands | 12,636,000 | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 |
| Net profit margin | 3.87% | 3.45% | 7.22% | 5.37% | -1.45% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $489,000K ÷ $12,636,000K
= 3.87%
Based on the provided data, Ryder System Inc's net profit margin has shown fluctuating trends over the past five years. In December 2020, the net profit margin was reported at -1.45%, indicating that the company had incurred a net loss relative to its revenue. However, considerable improvement was seen in the subsequent years, with the net profit margin increasing to 5.37% in December 2021 and further to 7.22% in December 2022, reflecting better cost management and profitability.
In December 2023, there was a slight decrease in the net profit margin to 3.45%, which could be attributed to various factors such as increased expenses or changes in revenue streams. The margin then slightly rose to 3.87% in December 2024, indicating a modest improvement in profitability compared to the previous year.
Overall, the trend in net profit margin for Ryder System Inc over the five-year period shows a mix of positive and negative performance, with notable improvements in recent years. It is essential for the company to continue monitoring and managing its expenses effectively to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2024