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 highestGross 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 %
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 %
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.
* 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 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.
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