Comfort Systems USA Inc (FIX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 522,433 | 323,398 | 245,947 | 143,348 | 150,139 |
| Total assets | US$ in thousands | 4,711,090 | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 |
| ROA | 11.09% | 9.78% | 9.47% | 6.49% | 8.54% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $522,433K ÷ $4,711,090K
= 11.09%
Comfort Systems USA Inc's return on assets (ROA) has shown a positive trend over the years, increasing from 8.54% on December 31, 2020, to 11.09% on December 31, 2024. The company's ability to generate profits from its assets has improved steadily. The ROA of 11.09% at the end of 2024 indicates that for every dollar of assets held, Comfort Systems USA Inc generated a profit of approximately 11.09 cents. This suggests effective asset management and a higher level of efficiency in utilizing its resources to generate earnings. Overall, the increasing trend in ROA reflects a positive financial performance and operational efficiency for Comfort Systems USA Inc.
Peer comparison
Dec 31, 2024