Comfort Systems USA (Comfort Systems USA) Gross Margin % : 19.35% (As of Mar. 2024)

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What is Comfort Systems USA Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Comfort Systems USA's Gross Profit for the three months ended in Mar. 2024 was $297 Mil. Comfort Systems USA's Revenue for the three months ended in Mar. 2024 was $1,537 Mil. Therefore, Comfort Systems USA's Gross Margin % for the quarter that ended in Mar. 2024 was 19.35%.

Warning Sign:

Comfort Systems USA Inc gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

The historical rank and industry rank for Comfort Systems USA's Gross Margin % or its related term are showing as below:

FIX' s Gross Margin % Range Over the Past 10 Years
Min: 17.7 Med: 19.17 Max: 21.05
Current: 19.44

During the past 13 years, the highest Gross Margin % of Comfort Systems USA was 21.05%. The lowest was 17.70%. And the median was 19.17%.

FIX's Gross Margin % is ranked better than
50.47% of 1611 companies
in the Construction industry
Industry Median: 19.23 vs FIX: 19.44

Comfort Systems USA had a gross margin of 19.35% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Comfort Systems USA was -1.70% per year.

Comfort Systems USA Gross Margin % Historical Data

The historical data trend for Comfort Systems USA's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comfort Systems USA Gross Margin % Chart

Comfort Systems USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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19.19

19.15

18.32

17.91

19.02

Comfort Systems USA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															17.49	17.58	20.14	20.60	19.35

Competitive Comparison of Comfort Systems USA's Gross Margin %

For the Engineering & Construction subindustry, Comfort Systems USA's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comfort Systems USA's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comfort Systems USA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Comfort Systems USA's Gross Margin % falls into.

Comfort Systems USA Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Comfort Systems USA's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	990.5	/	5206.76
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5206.76 - 4216.251)	/	5206.76
	=	19.02 %

Comfort Systems USA's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	297.4	/	1537.016
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1537.016 - 1239.653)	/	1537.016
	=	19.35 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Comfort Systems USA (NYSE:FIX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Comfort Systems USA had a gross margin of 19.35% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Comfort Systems USA Gross Margin % Related Terms

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Comfort Systems USA (Comfort Systems USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comfort Systems USA Inc (NYSE:FIX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

9CF:Germany 9CF:Germany

Address

675 Bering Drive, Suite 400, Houston, TX, USA, 77057

Website

https://www.comfortsystemsusa.com

Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.

Executives

Skidmore Constance Ellen	director	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Rhoman J Hardy	director	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook	director	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Vance W Tang	director	C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Laura Finley Howell	officer: VP, General Counsel, Secretary	675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Franklin Myers	director	C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Brian E. Lane	officer: President / CEO	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Julie Shaeff	officer: Chief Accounting Officer	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage	director	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
William Iii George	officer: Chief Financial Officer	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls	director	JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
T Mckenna Trent	officer: VP, General Counsel & Secy	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson	director	C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado,	director	920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071