Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ryder System's Pre-Tax Income for the
three
months ended in Mar. 2024 was $114 Mil. Ryder System's Revenue for the
three
months ended in Mar. 2024 was $3,098 Mil. Therefore, Ryder System's pretax margin for the quarter that ended in Mar. 2024 was 3.68%.
The historical rank and industry rank for Ryder System's Pretax Margin % or its related term are showing as below:
R'
s Pretax Margin % Range Over the Past 10 Years
Min: -1.54 Med: 5.17 Max: 10.12
Current: 4.45
R's Pretax Margin % is ranked worse than 56.67% of 1064
companies
in the Business Services industry
Industry Median: 5.75
vs R: 4.45
Ryder System Pretax Margin % Historical Data
The historical data trend for Ryder System's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Ryder System's Pretax Margin %
For the Rental & Leasing Services subindustry, Ryder System's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ryder System's Pretax Margin % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Ryder System's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ryder System's Pretax Margin % falls into.
Ryder System Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Ryder System's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ryder System (NYSE:R) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Ryder System Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Ryder System's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
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