Ryder System Inc (R)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 406,000 | 867,000 | 519,000 | -122,000 | -24,410 |
| Revenue | US$ in thousands | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 | 8,925,800 |
| Net profit margin | 3.45% | 7.22% | 5.37% | -1.45% | -0.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $406,000K ÷ $11,783,000K
= 3.45%
Over the past five years, Ryder System, Inc.'s net profit margin has shown variations. In 2023, the net profit margin decreased to 3.43% from 7.18% in 2022. This decline indicates a decrease in the proportion of net income generated from each dollar of revenue. Despite the decrease, the company was able to maintain a positive net profit margin, indicating some level of profitability. Comparing to 2021, where the net profit margin was 5.35%, there was a decrease in profitability. In 2020, the company experienced a negative net profit margin of -1.46%, which implies that its expenses exceeded its revenues during that period. However, in 2019, there was a slight improvement with a net profit margin of 1.04%. Overall, Ryder System, Inc. has shown fluctuations in its net profit margin over the past five years, suggesting varying levels of efficiency and profitability in managing its operations.
Peer comparison
Dec 31, 2023