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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 five-year period, Comfort Systems USA, Inc. has demonstrated strong top-line growth and improving profitability. Revenue increased steadily from approximately $2.86 billion in 2020 to over $7.03 billion in 2024, with particularly notable jumps between 2021 and 2022 (a roughly 35% increase) and again between 2023 and 2024 (about 35% increase). Gross profit followed a similar upward trend, growing from $547 million in 2020 to approximately $1.48 billion in 2024. These improvements suggest that the company has not only expanded its sales but also managed to maintain healthy margins, despite only modest year-over-year changes in the early years. Operating income and net income show similar patterns of growth. Operating income climbed from $191 million in 2020 to $749 million in 2024, with particularly strong gains seen in the later years—indicative of improved operational efficiency and potentially more effective cost management. Net income improved from $150 million in 2020 to $522 million in 2024, with dramatic increases of over 70% from 2021 to 2022 and another substantial jump following in subsequent years. These significant year-over-year improvements suggest that the company has been successfully capitalizing on market conditions in the HVAC and building systems industry, which is characterized by technological innovation and steady demand for energy efficiency improvements. Overall, the data points to a solid financial performance with sustainable growth trends, highlighting Comfort Systems USA’s capacity to scale its operations effectively while managing costs and enhancing profitability.
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.