Comfort Systems USA Inc (FIX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,449,621 | 1,285,660 | 1,181,445 | 1,059,950 | 980,601 | 922,072 | 846,797 | 793,869 | 741,608 | 684,431 | 641,419 | 592,882 | 563,207 | 546,135 | 534,119 | 553,359 | 546,983 | 542,544 | 538,050 | 512,371 |
| Revenue (ttm) | US$ in thousands | 7,027,480 | 6,517,250 | 6,083,000 | 5,569,140 | 5,206,760 | 4,966,380 | 4,708,270 | 4,429,790 | 4,140,366 | 3,879,260 | 3,593,146 | 3,289,091 | 3,073,636 | 2,916,513 | 2,796,716 | 2,826,289 | 2,856,659 | 2,877,282 | 2,870,101 | 2,776,935 |
| Gross profit margin | 20.63% | 19.73% | 19.42% | 19.03% | 18.83% | 18.57% | 17.99% | 17.92% | 17.91% | 17.64% | 17.85% | 18.03% | 18.32% | 18.73% | 19.10% | 19.58% | 19.15% | 18.86% | 18.75% | 18.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,449,621K ÷ $7,027,480K
= 20.63%
Comfort Systems USA Inc's gross profit margin has shown fluctuations over the past few years, ranging from a low of 17.64% on September 30, 2022, to a high of 20.63% on December 31, 2024. The trend generally indicates a gradual increase in the margin from 2019 to 2021, with a slight dip in mid-2022, followed by a recovery and a significant improvement by the end of 2024.
The gross profit margin is a key indicator of a company's operational efficiency and pricing strategy. A higher gross profit margin suggests that Comfort Systems USA Inc is able to generate more profit from its core operations after accounting for the direct costs of production. This can be due to effective cost management, pricing strategies, or a combination of both.
The profitability of the company seems to have been positively impacted by factors such as improved cost controls, pricing adjustments, or higher sales volumes. However, the slight fluctuations in the margin over the years may also reflect changes in market conditions, competitive pressures, or other external factors affecting the company's revenue and cost structure.
Overall, the trending improvement in Comfort Systems USA Inc's gross profit margin indicates a positive development in its ability to effectively manage costs and generate profits from its primary business activities. It will be important for the company to sustain or further enhance this trend to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2024