Comfort Systems USA Inc (FIX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	388,194	346,664	295,661	263,974	235,858	216,627	203,488	192,755	190,274	193,447	190,518	202,301	191,540	182,530	172,869	149,410	151,742	141,074	144,504	156,742
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
Pretax margin		7.46%	6.98%	6.28%	5.96%	5.70%	5.58%	5.66%	5.86%	6.19%	6.63%	6.81%	7.16%	6.71%	6.34%	6.02%	5.38%	5.80%	5.68%	6.09%	6.95%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $388,194K ÷ $5,206,760K
= 7.46%

Comfort Systems USA, Inc. has maintained a relatively stable pretax margin over the past eight quarters, ranging from 5.58% to 7.46%. The Q4 2023 pretax margin of 7.46% represents an improvement compared to the previous quarters, indicating enhanced profitability before taxes. Overall, the company has demonstrated an ability to generate earnings before taxes efficiently, with a gradual upward trend observed in recent quarters. This positive trend in pretax margin suggests effective cost management and operational efficiency, contributing to the company's financial performance and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Comfort Systems USA Inc

FIX

7.46%