Ryder System Inc (R)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 661,000 | 618,000 | 1,220,000 | 690,000 | -140,000 |
| Revenue | US$ in thousands | 12,636,000 | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 |
| Pretax margin | 5.23% | 5.24% | 10.16% | 7.14% | -1.66% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $661,000K ÷ $12,636,000K
= 5.23%
Ryder System Inc's pretax margin has shown some fluctuations over the analyzed period. The margin was negative at -1.66% as of December 31, 2020, indicating that the company's expenses exceeded its revenue before considering taxes. However, there was a significant improvement in profitability as the pretax margin increased to 7.14% by December 31, 2021. This upward trend continued in 2022, with a further increase to 10.16%.
In 2023, the pretax margin declined to 5.24%, which might suggest some challenges or changes impacting the company's profitability during that period. The margin remained relatively stable at 5.23% by the end of 2024.
Overall, the positive trend in pretax margins from 2020 to 2022 indicates an improvement in Ryder System Inc's operational efficiency and profitability. However, the slight decline in 2023 and subsequent stabilization in 2024 could indicate a need for the company to focus on sustaining or further enhancing its profitability in the future.
Peer comparison
Dec 31, 2024