Comfort Systems USA Inc (FIX)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 990,509 | 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 | 501,943 | 487,558 | 472,724 | 463,891 |
| Revenue (ttm) | US$ in thousands | 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 | 2,615,277 | 2,484,052 | 2,371,670 | 2,256,411 |
| Gross profit margin | 19.02% | 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% | 19.19% | 19.63% | 19.93% | 20.56% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $990,509K ÷ $5,206,760K
= 19.02%
Comfort Systems USA, Inc.'s gross profit margin has shown a positive trend over the past eight quarters, with a gradual increase from 17.64% in Q3 2022 to 19.02% in Q4 2023. This upward trajectory indicates improved efficiency in managing the cost of goods sold relative to revenue, leading to a higher percentage of revenue retained as gross profit. It is worth noting that the company has maintained gross profit margins above 17% consistently, reflecting a stable performance in generating profits from its core operations. Overall, the increasing trend in gross profit margin suggests that Comfort Systems USA, Inc. has been successful in enhancing its operational profitability over the period under review.
Peer comparison
Dec 31, 2023