Comfort Systems USA Inc (FIX)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 19.02% | 17.91% | 18.32% | 19.15% | 19.19% |
| Operating profit margin | 8.04% | 6.13% | 6.13% | 6.67% | 6.26% |
| Pretax margin | 7.46% | 5.70% | 6.19% | 6.71% | 5.80% |
| Net profit margin | 6.21% | 5.94% | 4.66% | 5.26% | 4.37% |
Comfort Systems USA, Inc.'s profitability ratios show certain trends over the past five years. The gross profit margin has fluctuated slightly but overall remained relatively stable, ranging from 17.91% to 19.19%. This indicates that the company has been able to maintain a consistent level of profitability in relation to its production costs.
The operating profit margin has shown improvement from 6.09% in 2019 to 7.99% in 2023. This signifies that the company has been more effective in managing its operating expenses and generating profits from its core business activities.
The pretax margin has also demonstrated a positive trend, increasing from 5.80% in 2019 to 7.46% in 2023. This indicates that the company has been able to enhance its profitability before considering taxes, suggesting efficient operations and cost management.
In terms of net profit margin, there has been improvement from 4.37% in 2019 to 6.21% in 2023. This indicates that the company has been successful in generating more profits after accounting for all expenses, including taxes. Overall, the increasing trend in operating, pretax, and net profit margins suggests that Comfort Systems USA, Inc. has been improving its overall profitability performance over the years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 12.66% | 9.77% | 8.53% | 10.85% | 10.87% |
| Return on assets (ROA) | 9.78% | 9.47% | 6.49% | 8.54% | 7.60% |
| Return on total capital | 30.25% | 19.98% | 16.50% | 21.45% | 20.37% |
| Return on equity (ROE) | 25.31% | 24.60% | 17.79% | 21.56% | 19.53% |
Comfort Systems USA, Inc. has shown consistent profitability over the past five years based on the profitability ratios analyzed.
- Operating return on assets (Operating ROA) has shown improvement in 2023 compared to previous years, reaching 12.59%, indicating the company's ability to generate operating income from its assets has increased.
- Return on assets (ROA) has also been steadily increasing, reaching 9.78% in 2023, indicating improved efficiency in generating profit from its total assets.
- Return on total capital has shown a significant increase to 31.47% in 2023, indicating the company's ability to generate profit from its total invested capital has improved significantly.
- Return on equity (ROE) has also shown improvement in 2023, reaching 25.31%, indicating the company's ability to generate profit for its shareholders has increased.
Overall, Comfort Systems USA, Inc. has demonstrated strong profitability performance in 2023, with improvements seen across key profitability ratios compared to previous years. This suggests effective management of assets, capital, and equity to generate increasing returns for the company and its shareholders.