Comfort Systems USA Inc (FIX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 990,509 | 741,608 | 563,207 | 546,983 | 501,943 |
| Revenue | US$ in thousands | 5,206,760 | 4,140,360 | 3,073,640 | 2,856,660 | 2,615,280 |
| Gross profit margin | 19.02% | 17.91% | 18.32% | 19.15% | 19.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $990,509K ÷ $5,206,760K
= 19.02%
Comfort Systems USA, Inc.'s gross profit margin has fluctuated over the past five years. In 2019 and 2020, the company maintained relatively stable gross profit margins of 19.19% and 19.15%, respectively. However, in 2021, the gross profit margin decreased slightly to 18.32%. Subsequently, in 2022, there was a further decline to 17.91%. Nevertheless, in 2023, the gross profit margin improved to 19.02%, showing a positive trend for the most recent year. Overall, while there have been fluctuations in the gross profit margin, the company managed to recover and slightly improve the margin in the latest period, indicating potential operational efficiency enhancements.
Peer comparison
Dec 31, 2023