Comfort Systems USA Inc (FIX)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	323,398	287,241	243,631	216,401	245,947	228,118	212,900	203,619	143,348	148,593	152,384	158,914	150,139	141,351	127,496	112,174	114,324	105,428	107,736	116,110
Total stockholders’ equity	US$ in thousands	1,277,830	1,207,160	1,111,460	1,053,490	999,923	951,132	896,845	878,408	805,666	771,789	752,012	723,103	696,429	668,126	628,433	593,043	585,304	557,630	532,088	515,195
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $323,398K ÷ $1,277,830K
= 25.31%

Comfort Systems USA, Inc. has demonstrated relatively stable return on equity (ROE) over the past eight quarters, ranging from 20.54% to 25.31%. The company's ROE performance indicates that, on average, for every dollar of equity invested, Comfort Systems USA, Inc. generates between 20.54 cents and 25.31 cents in profit. The consistent ROE figures suggest efficient utilization of shareholder equity to generate earnings. It is essential to continue monitoring this metric to ensure sustained profitability and efficient capital allocation within the company.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

Comfort Systems USA Inc

FIX

25.31%