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Comfort Systems USA Gross Margin %

: 17.19% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Comfort Systems USA's Gross Profit for the three months ended in Jun. 2022 was $175 Mil. Comfort Systems USA's Revenue for the three months ended in Jun. 2022 was $1,018 Mil. Therefore, Comfort Systems USA's Gross Margin % for the quarter that ended in Jun. 2022 was 17.19%.

Warning Sign:

Comfort Systems USA Inc gross margin has been in long-term decline. The average rate of decline per year is -2.7%.


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: 15.6   Med: 19.17   Max: 21.05
Current: 17.85


During the past 13 years, the highest Gross Margin % of Comfort Systems USA was 21.05%. The lowest was 15.60%. And the median was 19.17%.

FIX's Gross Margin % is ranked worse than
51.95% of 1542 companies
in the Construction industry
Industry Median: 18.52 vs FIX: 17.85

Comfort Systems USA had a gross margin of 17.19% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Comfort Systems USA was -2.70% 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.49 20.44 19.19 19.15 18.32

Comfort Systems USA Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.71 19.09 18.00 17.30 17.19

Competitive Comparison

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 Gross Margin % Distribution

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. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=563.2 / 3073.636
=(Revenue - Cost of Goods Sold) / Revenue
=(3073.636 - 2510.429) / 3073.636
=18.32 %

Comfort Systems USA's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=175 / 1017.948
=(Revenue - Cost of Goods Sold) / Revenue
=(1017.948 - 842.956) / 1017.948
=17.19 %

* 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.

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 17.19% for the quarter that ended in Jun. 2022 => 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

Thank you for viewing the detailed overview of Comfort Systems USA's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Comfort Systems USA Business Description

Comfort Systems USA logo
Traded in Other Exchanges
Address
675 Bering Drive, Suite 400, Houston, TX, USA, 77057
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, and air conditioning, or HVAC; plumbing; piping and controls; construction; and other electrical components. Projects are primarily for commercial, industrial, and institutional buildings, and tend to be geared toward HVAC. Revenue is roughly split between installation services in newly constructed facilities, and maintenance services for existing buildings. Replacing existing air systems with modern, energy-efficient systems can reduce a building's costs and improve the environment within the designated area. The company installs and repairs products and systems throughout the United States.
Executives
Reed Terrence officer: SVP of People and Leadership C/O COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Wallis-lage Cindy L. director C/O COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Young Terrence Andrew officer: Senior Vice President Service 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Howell Laura Finley officer: VP, General Counsel, Secretary 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Mercado, Pablo G. director 920 MEMORIAL CITY WAY, SUITE 800 HOUSTON TX 77024
Sandbrook William J director C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Giardenelli Alfred J Jr director
Mylett James Matthew officer: Senior Vice President 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Tang Vance W director C/O KONE INC. 4225 NAPERVILLE ROAD, SUITE 400 LISLE IL 60532
Skidmore Constance Ellen director 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Schultz James H director COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Anderson Darcy director C/O PEROT SYSTEMS CORP 2300 WEST PLANO PKWY PLANO TX 75075
Krusi Alan director AECOM 555 SOUTH FLOWER ST. 37TH FLOOR LOS ANGELES CA 90071
Bulls Herman E director JONES LANG LASALLE 1801 K STREET NW SUITE 1000 WASHINGTON DC 20006
Wagner Robert D director COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057

Comfort Systems USA Headlines

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