Ryder System Inc (R)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 406,000 | 488,000 | 573,000 | 830,000 | 867,000 | 842,016 | 734,070 | 644,175 | 519,000 | 363,862 | 261,642 | 38,438 | -122,000 | -201,364 | -328,653 | -179,339 | -24,410 | 141,053 | 323,350 | 293,043 |
| Revenue (ttm) | US$ in thousands | 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 | 8,925,800 | 8,909,410 | 8,845,160 | 8,690,070 |
| Net profit margin | 3.45% | 4.12% | 4.79% | 6.85% | 7.22% | 7.31% | 6.71% | 6.26% | 5.37% | 3.92% | 2.92% | 0.45% | -1.45% | -2.37% | -3.84% | -2.01% | -0.27% | 1.58% | 3.66% | 3.37% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $406,000K ÷ $11,783,000K
= 3.45%
Ryder System, Inc.'s net profit margin has shown a slight decrease in the most recent quarter, reaching 3.43%, compared to the previous quarter where it was at 4.09%. However, when we look at the trend over the past few quarters, we observe a gradual decline from 6.81% in Q1 2023 to 3.43% in Q4 2023.
In comparison to the same quarter in the previous year, there has been a noticeable decrease as well, with the net profit margin dropping from 7.18% in Q4 2022 to 3.43% in Q4 2023. This declining trend may indicate that Ryder System, Inc. is facing challenges in maintaining profitability, possibly due to factors such as increased costs, pricing pressures, or changes in the competitive landscape.
It is essential for the company to closely monitor its cost structure and revenue streams to improve its net profit margin and ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023