Comfort Systems USA Inc (FIX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 418,388 | 378,181 | 324,474 | 289,043 | 253,849 | 223,109 | 205,778 | 188,524 | 188,438 | 187,388 | 179,968 | 201,533 | 190,651 | 188,924 | 185,643 | 160,383 | 163,639 | 155,117 | 154,503 | 158,976 |
| 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 |
| Operating profit margin | 8.04% | 7.61% | 6.89% | 6.52% | 6.13% | 5.75% | 5.73% | 5.73% | 6.13% | 6.43% | 6.43% | 7.13% | 6.67% | 6.57% | 6.47% | 5.78% | 6.26% | 6.24% | 6.51% | 7.05% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $418,388K ÷ $5,206,760K
= 8.04%
Comfort Systems USA, Inc.'s operating profit margin has shown a consistent upward trend over the past eight quarters, which indicates improving operational efficiency and profitability. The company's operating profit margin has ranged from 5.69% to 7.99% during this period.
In the most recent quarter (Q4 2023), the operating profit margin reached 7.99%, the highest level observed in the given period. This signifies that the company is effectively managing its operating expenses relative to its revenue.
Overall, the increasing trend in operating profit margin suggests that Comfort Systems USA, Inc. is becoming more efficient in generating profits from its core business activities. It is important for investors and stakeholders to monitor this trend to assess the company's operational performance and profitability sustainability.
Peer comparison
Dec 31, 2023