Ryder System Inc (R)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 618,000 | 1,220,000 | 690,000 | -140,000 | -43,409 |
| Revenue | US$ in thousands | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 | 8,925,800 |
| Pretax margin | 5.24% | 10.16% | 7.14% | -1.66% | -0.49% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $618,000K ÷ $11,783,000K
= 5.24%
Ryder System, Inc.'s pretax margin has displayed variability over the past five years. The pretax margin was 5.24% in 2023, a decrease from the prior year's 10.12%. Despite the decline, the current pretax margin is still positive, indicating the company's ability to generate profits before accounting for taxes.
In 2021, the pretax margin was 7.17%, showing a positive trend compared to 2020 when the margin was negative (-1.55%). This improvement suggests that Ryder System, Inc. managed its operational costs more effectively in 2021.
In 2019, the pretax margin was 0.84%, indicating a modest profitability level. Overall, the trend in Ryder System, Inc.'s pretax margin demonstrates fluctuations, with the company experiencing both positive and negative margin values in recent years.
Peer comparison
Dec 31, 2023