Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,757 | $2,209 | $2,597 | $3,306 | $4,711 |
| Liabilities | $1,061 | $1,403 | $1,598 | $2,028 | $3,006 |
| Equity | $696 | $806 | $1,000 | $1,278 | $1,705 |
Balance sheet data in USD (millions)
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Edwyn
Over the past 5 years, Comfort Systems USA, Inc. has shown significant growth in its financial position, as evidenced by the steady increase in total assets from $1,757 million in 2020 to $4,711 million in 2024. This growth indicates the company's expanding operations and potentially successful strategic initiatives. Alongside the growth in assets, total liabilities have also increased consistently, reflecting the company's borrowing and financial obligations to support its expansion. Stockholders' equity has also shown a positive trend, increasing from $696 million in 2020 to $1,704 million in 2024, indicating that the company has been able to generate value for its shareholders over the years. Noteworthy fluctuations in the data include a particularly significant jump in total assets from 2023 to 2024, rising from $3,305 million to $4,711 million. This could suggest a period of aggressive expansion or possibly acquisitions that have contributed to the substantial increase. The increase in liabilities in proportion to equity may indicate higher leverage, which could be a strategy to fund growth opportunities in a low interest rate environment. It would be essential to compare these trends with industry benchmarks to understand how Comfort Systems USA, Inc. is performing relative to its peers and the broader market.
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.