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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,857 | $3,074 | $4,140 | $5,207 | $7,027 |
| Gross Profit | $547 | $563 | $742 | $991 | $1,476 |
| Operating Income | $191 | $188 | $254 | $418 | $749 |
| Net Income | $150 | $143 | $246 | $323 | $522 |
Over the analyzed five-year period, Comfort Systems USA, Inc. demonstrated robust and accelerating growth. Revenues increased from approximately $2.86 billion in 2020 to over $7.03 billion in 2024, with particularly strong surges in 2022 and 2024 registering roughly 35% growth year-over-year. Gross profits followed a similar positive trend, rising from about $547 million in 2020 to nearly $1.48 billion in 2024. Although the growth in gross profit was modest between 2020 and 2021, it accelerated substantially thereafter, with a notable jump of approximately 49% from 2023 to 2024. These trends suggest improvements in cost management or more effective leveraging of revenue streams. Operating income and net income trends further support the narrative of enhanced operational efficiency and profitability. After a slight dip in operating income from 2020 to 2021, the metric rebounded strongly, increasing from around $191 million in 2020 to $749 million in 2024. Similarly, net income experienced a temporary decline between 2020 ($150 million) and 2021 ($143 million); however, it subsequently recovered, registering sharp gains to reach approximately $522 million in 2024—a surge exceeding 70% from 2021. Such significant year-over-year swings, particularly in 2022 and 2024, may reflect the company’s ability to capitalize on favorable market conditions, operational enhancements, and perhaps economies of scale in its service offerings. Overall, the sustained upward trends in revenue, gross profit, operating income, and net income indicate a strong and potentially sustainable financial position for Comfort Systems USA, Inc. within its industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.