Comfort Systems USA, Inc. stock research
FY2023 Q2
Comfort Systems USA (FIX) Gross Margin — Quarter Ended Jun 30, 2023
Revenue and cost of revenue both increased compared to the prior quarter and the same quarter last year. Gross profit grew accordingly, and gross margin improved slightly from both periods.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue and cost of revenue both increased compared to the prior quarter and the same quarter last year. Gross profit grew accordingly, and gross margin improved slightly from both periods.
- The gross margin percentage improved relative to both the preceding quarter and the year-ago quarter, indicating that the growth in gross profit outpaced the growth in revenue.
- Revenue, gross profit, and cost of revenue were all higher than the immediately preceding quarter and the same quarter one year earlier. Gross margin improved slightly from both periods.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
17.6%
Gross profit
$227.9M
Revenue
$1.3B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $1.2B | $205.4M | $969.2M | 17.5% |
| Jun 30, 2023 | $1.3B | $227.9M | $1.1B | 17.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.1 pts
Year-over-year change
Jun 30, 2022
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin percentage improved relative to both the preceding quarter and the year-ago quarter, indicating that the growth in gross profit outpaced the growth in revenue.
Revenue, gross profit, and cost of revenue were all higher than the immediately preceding quarter and the same quarter one year earlier. Gross margin improved slightly from both periods.
Monitor the relationship between cost of revenue and revenue for any changes in margin efficiency.