Comfort Systems USA Inc (FIX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 19.02% | 18.57% | 17.99% | 17.92% | 17.91% | 17.64% | 17.85% | 18.03% | 18.32% | 18.73% | 19.10% | 19.58% | 19.15% | 18.86% | 18.75% | 18.45% | 19.19% | 19.63% | 19.93% | 20.56% |
| 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% |
| 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% |
| Net profit margin | 6.21% | 5.78% | 5.17% | 4.89% | 5.94% | 5.88% | 5.93% | 6.19% | 4.66% | 5.09% | 5.45% | 5.62% | 5.26% | 4.91% | 4.44% | 4.04% | 4.37% | 4.24% | 4.54% | 5.15% |
Comfort Systems USA, Inc. has shown steady improvement in its profitability ratios over the past quarters. The gross profit margin has been gradually increasing, indicating that the company is effectively controlling its production costs and generating more revenue from its core operations.
Similarly, the operating profit margin has also shown an upward trend, reflecting the company's ability to manage its operating expenses efficiently and improve its operational performance. This is a positive indicator of the company's overall operational efficiency.
The pretax margin has fluctuated slightly over the quarters, but overall, it has shown an increase from the previous year. This suggests that Comfort Systems USA, Inc. is effectively managing its pre-tax income compared to its total revenue.
The net profit margin has also demonstrated improvement over the quarters, indicating that the company is effectively managing its bottom line and generating higher profits after accounting for all expenses and taxes. Overall, the upward trend in profitability margins reflects positively on Comfort Systems USA, Inc.'s financial performance and efficiency in generating profits from its operations.
Return on investment
| 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 return on assets (Operating ROA) | 12.66% | 12.04% | 11.13% | 10.18% | 9.77% | 8.75% | 8.43% | 8.17% | 8.53% | 9.60% | 10.25% | 11.75% | 10.85% | 11.26% | 11.08% | 9.91% | 10.87% | 10.57% | 10.70% | 14.72% |
| Return on assets (ROA) | 9.78% | 9.15% | 8.36% | 7.62% | 9.47% | 8.95% | 8.73% | 8.82% | 6.49% | 7.61% | 8.68% | 9.26% | 8.54% | 8.42% | 7.61% | 6.93% | 7.60% | 7.18% | 7.46% | 10.75% |
| Return on total capital | 30.25% | 29.10% | 25.04% | 22.32% | 19.98% | 17.09% | 16.31% | 15.47% | 16.50% | 19.20% | 21.64% | 23.42% | 21.45% | 21.55% | 21.31% | 17.31% | 20.37% | 18.97% | 18.47% | 27.27% |
| Return on equity (ROE) | 25.31% | 23.79% | 21.92% | 20.54% | 24.60% | 23.98% | 23.74% | 23.18% | 17.79% | 19.25% | 20.26% | 21.98% | 21.56% | 21.16% | 20.29% | 18.91% | 19.53% | 18.91% | 20.25% | 22.54% |
Comfort Systems USA, Inc. has shown consistent improvement in its profitability ratios over the quarters. The operating return on assets (Operating ROA) has been steadily increasing, indicating that the company's operations are becoming more efficient in generating profits from its assets.
Return on assets (ROA) has also shown an upward trend, reflecting an improvement in the company's ability to generate profits relative to its total assets. Similarly, the return on total capital has been increasing, indicating that the company is earning higher returns on its total invested capital.
The return on equity (ROE) has been relatively stable and at a healthy level, suggesting that Comfort Systems USA, Inc. is efficiently utilizing shareholder equity to generate profits. Overall, these profitability ratios demonstrate the company's effective management of assets and capital to drive profitability and create value for shareholders.