Comfort Systems USA, Inc. stock research
FY2024 Q4
Comfort Systems USA (FIX) Gross Margin — Quarter Ended Dec 31, 2024
Revenue increased compared with both the prior quarter and the same quarter last year, while cost of revenue also rose, though at a slower pace. Gross profit and gross margin both improved, reflecting a higher proportion of revenue retained as gross profit.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased compared with both the prior quarter and the same quarter last year, while cost of revenue also rose, though at a slower pace. Gross profit and gross margin both improved, reflecting a higher proportion of revenue retained as gross profit.
- Gross margin expanded sequentially and year-over-year, with the current quarter's margin higher than both the prior quarter and the year-ago quarter.
- Compared with the prior quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was slightly higher. Compared with the same quarter last year, revenue, gross profit, and gross margin were all higher, with cost of revenue also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.2%
Gross profit
$433.7M
Revenue
$1.9B
Cost of revenue
$1.4B
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+2.6 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, 2024 | $1.5B | $297.4M | $1.2B | 19.3% |
| Jun 30, 2024 | $1.8B | $363.6M | $1.4B | 20.1% |
| Sep 30, 2024 | $1.8B | $381.7M | $1.4B | 21.1% |
| Dec 31, 2024 | $1.9B | $433.7M | $1.4B | 23.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+2.2 pts
Year-over-year change
Dec 31, 2023
+2.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin expanded sequentially and year-over-year, with the current quarter's margin higher than both the prior quarter and the year-ago quarter.
Compared with the prior quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was slightly higher. Compared with the same quarter last year, revenue, gross profit, and gross margin were all higher, with cost of revenue also higher.
Monitor the trend in cost of revenue relative to revenue, as the relationship between these two figures drives gross margin.