• Ryder System average return on tangible equity for 2024 was 28.48, a 8.66% increase from 2023.
• Ryder System average return on tangible equity for 2023 was 31.18, a 28.45% decline from 2022.
• Ryder System average return on tangible equity for 2022 was 43.58, a 173.4% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.