Comfort Systems USA Inc (FIX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,704,680 | 1,277,830 | 999,923 | 805,666 | 696,429 |
| ROE | 30.65% | 25.31% | 24.60% | 17.79% | 21.56% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $522,433K ÷ $1,704,680K
= 30.65%
Comfort Systems USA Inc's Return on Equity (ROE) has exhibited a fluctuating trend over the past five years. The ROE stood at 21.56% as of December 31, 2020, indicating that for each dollar of shareholders' equity, the company generated a return of 21.56%. However, by December 31, 2021, the ROE decreased to 17.79%, suggesting a decline in profitability or efficiency in utilizing equity.
Subsequently, there was a notable improvement in ROE by December 31, 2022, where it reached 24.60%, surpassing the previous year's performance. This indicates a positive trend in the company's ability to generate profits relative to shareholders' equity. The upward trajectory continued into December 31, 2023, with an ROE of 25.31%, indicating further enhancement in the company's efficient utilization of equity.
By December 31, 2024, Comfort Systems USA Inc's ROE experienced a significant increase to 30.65%, reflecting a commendable performance in generating returns for shareholders. This higher ROE suggests that the company became more efficient in generating profits relative to shareholders' equity, potentially benefiting investors.
In summary, Comfort Systems USA Inc's ROE has shown varying performance over the period, with fluctuations in profitability and efficiency in utilizing shareholders' equity. The upward trend in recent years, particularly in 2023 and 2024, indicates an improvement in the company's ability to generate returns for its shareholders.
Peer comparison
Dec 31, 2024