Comfort Systems USA Inc (FIX)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 522,433 | 468,144 | 427,034 | 362,501 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,704,680 | 1,587,720 | 1,482,290 | 1,372,540 | 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 |
| ROE | 30.65% | 29.49% | 28.81% | 26.41% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $522,433K ÷ $1,704,680K
= 30.65%
Comfort Systems USA Inc has shown a fluctuating trend in its return on equity (ROE) over the past few years. The ROE increased from 18.91% as of March 31, 2020, to a peak of 30.65% as of December 31, 2024. There were consistent improvements in ROE until the end of 2023, with ROE peaking at 25.31% as of December 31, 2023.
However, in the first quarter of 2024, the ROE dropped to 20.54% before rebounding in the following quarters. The company experienced significant growth in ROE in the latter half of 2024, surpassing previous levels and reaching 30.65% by the end of 2024.
Overall, the increasing trend in ROE indicates that Comfort Systems USA Inc has been effective in generating higher profits relative to its shareholders' equity. The company's ability to efficiently utilize equity to generate returns improved over the period under review, reflecting positively on its financial performance and profitability.
Peer comparison
Dec 31, 2024