Comfort Systems USA Inc (FIX)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 21.01% | 19.02% | 17.91% | 18.32% | 19.15% |
| Operating profit margin | 10.66% | 8.04% | 4.13% | 6.13% | 4.50% |
| Pretax margin | 9.49% | 7.46% | 5.70% | 6.19% | 6.71% |
| Net profit margin | 7.43% | 6.21% | 5.94% | 4.66% | 5.26% |
Comfort Systems USA Inc's profitability ratios have shown mixed performance over the past five years.
- The Gross Profit Margin, which indicates the percentage of revenue that exceeds the cost of goods sold, has fluctuated slightly, starting at 19.15% in 2020 and declining to 17.91% in 2022 before improving to 21.01% in 2024. This suggests that the company has been able to improve its efficiency in generating profits from its core business activities.
- The Operating Profit Margin, a measure of the company's operating efficiency, has seen more significant fluctuations, ranging from 4.13% in 2022 to 10.66% in 2024. This indicates that Comfort Systems USA Inc has experienced varying levels of success in controlling its operating expenses and generating profits from its core operations.
- The Pretax Margin, representing the proportion of earnings before taxes relative to total revenue, has remained relatively stable over the years, starting at 6.71% in 2020 and gradually increasing to 9.49% in 2024. This suggests that the company has been managing its tax obligations efficiently while improving profitability.
- The Net Profit Margin, which shows the company's bottom line profitability after all expenses have been deducted, has shown a general upward trend, increasing from 5.26% in 2020 to 7.43% in 2024. This indicates that Comfort Systems USA Inc has been able to improve its overall profitability by effectively managing its expenses and increasing revenues.
In conclusion, despite some fluctuations in profitability ratios, Comfort Systems USA Inc has shown overall positive trends in improving its profitability and efficiency over the past five years. However, further analysis of the underlying factors driving these changes would be necessary to assess the company's financial health comprehensively.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 15.91% | 12.66% | 6.59% | 8.53% | 7.32% |
| Return on assets (ROA) | 11.09% | 9.78% | 9.47% | 6.49% | 8.54% |
| Return on total capital | 39.40% | 32.56% | 24.96% | 24.32% | 28.66% |
| Return on equity (ROE) | 30.65% | 25.31% | 24.60% | 17.79% | 21.56% |
Comfort Systems USA Inc's profitability ratios reflect a positive trend over the past five years.
1. Operating return on assets (Operating ROA) has shown an improvement from 7.32% in 2020 to 15.91% in 2024, indicating the company's ability to generate operating profits from its assets.
2. Return on assets (ROA) has fluctuated slightly but overall increased from 8.54% in 2020 to 11.09% in 2024, suggesting efficient asset utilization to generate profits.
3. Return on total capital has seen a consistent growth, indicating the company's ability to generate higher returns relative to its total capital employed, from 28.66% in 2020 to 39.40% in 2024.
4. Return on equity (ROE) has steadily increased from 21.56% in 2020 to 30.65% in 2024, highlighting the company's ability to generate higher returns for its equity holders.
Overall, Comfort Systems USA Inc's profitability ratios show a positive performance with increasing profitability and efficient utilization of assets and capital over the years, reflecting positively on the company's operational efficiency and financial management.