Comfort Systems USA Inc (FIX)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	323,398	245,947	143,348	150,139	114,324
Revenue	US$ in thousands	5,206,760	4,140,360	3,073,640	2,856,660	2,615,280
Net profit margin		6.21%	5.94%	4.66%	5.26%	4.37%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $323,398K ÷ $5,206,760K
= 6.21%

Comfort Systems USA, Inc.'s net profit margin has demonstrated an improving trend over the past five years, increasing from 4.37% in 2019 to 6.21% in 2023. This indicates that the company has been able to generate more profit relative to its revenue in recent years. The steady improvement in net profit margin suggests that Comfort Systems USA, Inc. has been effectively managing its operating expenses and increasing its profitability. Investors and stakeholders may view this positively as it signifies the company's ability to efficiently convert its revenue into profits.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Comfort Systems USA Inc

FIX

6.21%