Comfort Systems USA Inc (FIX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 323,398 | 245,947 | 143,348 | 150,139 | 114,324 |
| Total stockholders’ equity | US$ in thousands | 1,277,830 | 999,923 | 805,666 | 696,429 | 585,304 |
| ROE | 25.31% | 24.60% | 17.79% | 21.56% | 19.53% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $323,398K ÷ $1,277,830K
= 25.31%
Comfort Systems USA, Inc.'s return on equity (ROE) has shown a positive trend over the past five years, increasing from 19.53% in 2019 to 25.31% in 2023. This demonstrates the company's ability to generate higher profits from shareholders' equity as time progresses. The relatively high ROE indicates efficient utilization of equity to generate earnings. However, it is important to note that while the ROE has been increasing, it experienced a slight dip in 2021 before rising again in subsequent years. This suggests some fluctuations in the company's profitability and efficiency in managing shareholders' equity during the period under review. Overall, the upward trend in ROE reflects Comfort Systems USA, Inc.'s ability to create value for its shareholders through effective management of its resources.
Peer comparison
Dec 31, 2023