Comfort Systems USA Inc (FIX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 418,388 | 253,849 | 188,438 | 190,651 | 163,639 |
| Revenue | US$ in thousands | 5,206,760 | 4,140,360 | 3,073,640 | 2,856,660 | 2,615,280 |
| Operating profit margin | 8.04% | 6.13% | 6.13% | 6.67% | 6.26% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $418,388K ÷ $5,206,760K
= 8.04%
Comfort Systems USA, Inc.'s operating profit margin has shown a slight fluctuation over the past five years, ranging from 6.08% in 2021 to 7.99% in 2023. The company's operating profit margin represents the percentage of revenue that translates into operating profit after deducting operating expenses. The increasing trend in operating profit margin from 2021 to 2023 indicates the company's ability to control costs and improve operational efficiency, resulting in higher profitability per dollar of sales. However, the fluctuations over the years suggest potential variability in the company's operating performance, which may be influenced by factors such as changes in revenue, operating expenses, or industry conditions. Further analysis of the company's cost structure and revenue generation may provide insights into the drivers behind these fluctuations in operating profit margin.
Peer comparison
Dec 31, 2023