Ryder System Inc (R)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | -43,409 | 195,384 | 404,703 | 402,479 |
| 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 |
| Pretax margin | 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% | -0.49% | 2.19% | 4.58% | 4.63% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $618,000K ÷ $11,783,000K
= 5.24%
Ryder System, Inc.'s pretax margin has shown a downward trend over the past four quarters, decreasing from 10.12% in Q4 2022 to 5.24% in Q4 2023. This decline may indicate potential challenges in maintaining profitability before accounting for taxes. It is noteworthy that the pretax margin peaked at 10.12% in Q4 2022 but has since progressively decreased. This trend suggests that the company may be facing increasing cost pressures or experiencing difficulties in generating revenue efficiently. Further investigation into the factors driving this decline in pretax margin would be crucial for understanding the company's financial performance and identifying areas for improvement.
Peer comparison
Dec 31, 2023