Comfort Systems USA Inc (FIX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 388,194 | 235,858 | 190,274 | 191,540 | 151,742 |
| Revenue | US$ in thousands | 5,206,760 | 4,140,360 | 3,073,640 | 2,856,660 | 2,615,280 |
| Pretax margin | 7.46% | 5.70% | 6.19% | 6.71% | 5.80% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $388,194K ÷ $5,206,760K
= 7.46%
The pretax margin of Comfort Systems USA, Inc. has shown a fluctuating trend over the past five years. In 2019, the pretax margin was at 5.80%, which increased to 6.71% in 2020 before declining to 6.19% in 2021. However, there was a notable improvement in 2022 when the pretax margin rose to 5.70%. The most recent data available for December 31, 2023, shows a further increase in the pretax margin to 7.46%. This indicates that the company's profitability before taking into account taxes has been improving in the most recent years, with a significant jump in 2023. Further analysis would be needed to understand the factors driving these changes and to assess the sustainability of this upward trend in pretax margin.
Peer comparison
Dec 31, 2023