Ryder System Inc (R)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 661,000 | 640,000 | 667,000 | 532,000 | 618,000 | 756,000 | 875,000 | 1,168,000 | 1,220,000 | 1,156,781 | 1,006,382 | 872,492 | 690,000 | 478,994 | 341,907 | 43,626 | -140,000 | -286,416 | -423,107 | -225,104 |
| Revenue (ttm) | US$ in thousands | 12,637,000 | 12,471,000 | 12,227,000 | 11,929,000 | 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 |
| Pretax margin | 5.23% | 5.13% | 5.46% | 4.46% | 5.24% | 6.38% | 7.32% | 9.65% | 10.16% | 10.04% | 9.19% | 8.47% | 7.14% | 5.16% | 3.81% | 0.51% | -1.66% | -3.38% | -4.94% | -2.53% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $661,000K ÷ $12,637,000K
= 5.23%
Ryder System Inc's pretax margin has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The company experienced negative pretax margins in the initial quarters, with the lowest being -4.94% in June 30, 2020. However, starting from March 31, 2021, the pretax margin turned positive and showed a steady increase through the following quarters.
The pretax margin increased from 0.51% in March 31, 2021, to a peak of 10.16% in December 31, 2022. This upward trajectory indicates an improvement in the company's efficiency in generating operating income before taxes relative to its revenue.
Despite the peak in December 31, 2022, the pretax margin experienced a slight decline in the subsequent quarters, dropping to 4.46% in March 31, 2024. This decline could be attributed to various factors such as changes in operating expenses, changes in revenue, or other economic conditions impacting the business.
Overall, the trend in Ryder System Inc's pretax margin reflects a mixture of challenges and successes in managing operating costs and generating profits before accounting for taxes. It is important for the company to continue monitoring and managing its cost structure effectively to sustain or improve its pretax margin in the future.
Peer comparison
Dec 31, 2024