Comfort Income Tax Expense vs Income Before Tax Analysis

FIX Stock

USD 391.22 3.83 0.97%

Comfort Systems financial indicator trend analysis is way more than just evaluating Comfort Systems USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comfort Systems USA is a good investment. Please check the relationship between Comfort Systems Income Tax Expense and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comfort Systems USA Income Tax Expense account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Comfort Systems' Income Tax Expense and Income Before Tax is 0.8. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Comfort Systems USA, assuming nothing else is changed. The correlation between historical values of Comfort Systems' Income Tax Expense and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Comfort Systems USA are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Income Tax Expense i.e., Comfort Systems' Income Tax Expense and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

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Income Tax Expense

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Comfort Systems income statement and is an important metric when analyzing Comfort Systems USA profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Comfort Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comfort Systems USA current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Comfort Systems' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.17 in 2025, despite the fact that Discontinued Operations is likely to grow to (12.8 K).

	2022	2023	2024	2025 (projected)
Gross Profit	741.6M	990.5M	1.1B	1.2B
Total Revenue	4.1B	5.2B	6.0B	6.3B

Gross Profit Total Revenue

Comfort Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.77	0.76	0.99	1.0	0.96	0.39	1.0	0.99	0.9	0.99	0.27	0.9	1.0	0.38	0.79	0.95	0.32	-0.73	1.0	0.99	0.99	0.9	0.84	0.72	0.72
Short Long Term Debt Total	0.77		0.58	0.68	0.73	0.72	0.88	0.75	0.72	0.49	0.84	0.28	0.49	0.72	0.22	0.98	0.56	0.03	-0.69	0.79	0.76	0.69	0.86	0.89	0.37	0.37
Other Current Liab	0.76	0.58		0.73	0.75	0.56	0.39	0.76	0.77	0.5	0.79	0.66	0.5	0.74	0.28	0.7	0.66	0.31	-0.65	0.76	0.75	0.72	0.75	0.71	0.4	0.4
Total Current Liabilities	0.99	0.68	0.73		0.99	0.97	0.27	0.99	0.99	0.94	0.96	0.2	0.94	1.0	0.4	0.7	0.98	0.34	-0.68	0.99	0.99	1.0	0.86	0.78	0.76	0.76
Total Stockholder Equity	1.0	0.73	0.75	0.99		0.96	0.34	1.0	0.99	0.91	0.98	0.26	0.91	1.0	0.37	0.76	0.96	0.32	-0.71	0.99	0.99	0.99	0.88	0.82	0.74	0.74
Property Plant And Equipment Net	0.96	0.72	0.56	0.97	0.96		0.31	0.95	0.95	0.95	0.92	0.0	0.95	0.97	0.39	0.69	0.95	0.2	-0.64	0.96	0.96	0.97	0.84	0.75	0.77	0.77
Net Debt	0.39	0.88	0.39	0.27	0.34	0.31		0.37	0.32	0.02	0.52	0.32	0.02	0.33	0.03	0.86	0.11	-0.16	-0.5	0.42	0.38	0.28	0.6	0.7	-0.01	-0.01
Retained Earnings	1.0	0.75	0.76	0.99	1.0	0.95	0.37		0.99	0.89	0.98	0.28	0.89	0.99	0.33	0.78	0.95	0.32	-0.73	0.99	0.99	0.99	0.89	0.85	0.71	0.71
Accounts Payable	0.99	0.72	0.77	0.99	0.99	0.95	0.32	0.99		0.91	0.97	0.24	0.91	1.0	0.44	0.74	0.96	0.33	-0.67	0.99	0.99	1.0	0.87	0.79	0.74	0.74
Cash	0.9	0.49	0.5	0.94	0.91	0.95	0.02	0.89	0.91		0.82	-0.04	1.0	0.92	0.4	0.48	0.97	0.31	-0.54	0.89	0.9	0.94	0.71	0.59	0.81	0.81
Non Current Assets Total	0.99	0.84	0.79	0.96	0.98	0.92	0.52	0.98	0.97	0.82		0.36	0.82	0.97	0.33	0.88	0.89	0.3	-0.77	0.99	0.98	0.96	0.92	0.91	0.65	0.65
Non Currrent Assets Other	0.27	0.28	0.66	0.2	0.26	0.0	0.32	0.28	0.24	-0.04	0.36		-0.04	0.21	0.06	0.46	0.09	0.52	-0.36	0.27	0.21	0.19	0.32	0.43	-0.05	-0.05
Cash And Short Term Investments	0.9	0.49	0.5	0.94	0.91	0.95	0.02	0.89	0.91	1.0	0.82	-0.04		0.92	0.4	0.48	0.97	0.31	-0.54	0.89	0.9	0.94	0.71	0.59	0.81	0.81
Net Receivables	1.0	0.72	0.74	1.0	1.0	0.97	0.33	0.99	1.0	0.92	0.97	0.21	0.92		0.41	0.74	0.97	0.31	-0.69	0.99	0.99	1.0	0.88	0.8	0.75	0.75
Common Stock Shares Outstanding	0.38	0.22	0.28	0.4	0.37	0.39	0.03	0.33	0.44	0.4	0.33	0.06	0.4	0.41		0.23	0.34	0.4	0.08	0.38	0.34	0.42	0.27	-0.03	0.49	0.49
Non Current Liabilities Total	0.79	0.98	0.7	0.7	0.76	0.69	0.86	0.78	0.74	0.48	0.88	0.46	0.48	0.74	0.23		0.58	0.16	-0.73	0.81	0.78	0.71	0.86	0.92	0.36	0.36
Inventory	0.95	0.56	0.66	0.98	0.96	0.95	0.11	0.95	0.96	0.97	0.89	0.09	0.97	0.97	0.34	0.58		0.31	-0.64	0.94	0.96	0.98	0.77	0.7	0.78	0.78
Other Current Assets	0.32	0.03	0.31	0.34	0.32	0.2	-0.16	0.32	0.33	0.31	0.3	0.52	0.31	0.31	0.4	0.16	0.31		-0.29	0.31	0.28	0.32	0.11	0.16	0.32	0.32
Other Stockholder Equity	-0.73	-0.69	-0.65	-0.68	-0.71	-0.64	-0.5	-0.73	-0.67	-0.54	-0.77	-0.36	-0.54	-0.69	0.08	-0.73	-0.64	-0.29		-0.73	-0.74	-0.68	-0.75	-0.84	-0.4	-0.4
Total Liab	1.0	0.79	0.76	0.99	0.99	0.96	0.42	0.99	0.99	0.89	0.99	0.27	0.89	0.99	0.38	0.81	0.94	0.31	-0.73		0.99	0.99	0.9	0.85	0.71	0.71
Property Plant And Equipment Gross	0.99	0.76	0.75	0.99	0.99	0.96	0.38	0.99	0.99	0.9	0.98	0.21	0.9	0.99	0.34	0.78	0.96	0.28	-0.74	0.99		0.99	0.88	0.84	0.72	0.72
Total Current Assets	0.99	0.69	0.72	1.0	0.99	0.97	0.28	0.99	1.0	0.94	0.96	0.19	0.94	1.0	0.42	0.71	0.98	0.32	-0.68	0.99	0.99		0.86	0.77	0.76	0.76
Short Term Debt	0.9	0.86	0.75	0.86	0.88	0.84	0.6	0.89	0.87	0.71	0.92	0.32	0.71	0.88	0.27	0.86	0.77	0.11	-0.75	0.9	0.88	0.86		0.85	0.55	0.55
Intangible Assets	0.84	0.89	0.71	0.78	0.82	0.75	0.7	0.85	0.79	0.59	0.91	0.43	0.59	0.8	-0.03	0.92	0.7	0.16	-0.84	0.85	0.84	0.77	0.85		0.38	0.38
Common Stock Total Equity	0.72	0.37	0.4	0.76	0.74	0.77	-0.01	0.71	0.74	0.81	0.65	-0.05	0.81	0.75	0.49	0.36	0.78	0.32	-0.4	0.71	0.72	0.76	0.55	0.38		1.0
Common Stock	0.72	0.37	0.4	0.76	0.74	0.77	-0.01	0.71	0.74	0.81	0.65	-0.05	0.81	0.75	0.49	0.36	0.78	0.32	-0.4	0.71	0.72	0.76	0.55	0.38	1.0

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Comfort Systems Account Relationship Matchups

Comfort Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.8B	2.2B	2.6B	3.3B	3.8B	4.0B
Short Long Term Debt Total	252.3M	514.8M	256.2M	256.8M	295.3M	310.1M
Other Current Liab	245.9M	235.0M	797.9M	355.8M	409.2M	429.7M
Total Current Liabilities	692.9M	836.6M	1.2B	1.7B	2.0B	2.1B
Total Stockholder Equity	696.4M	805.7M	999.9M	1.3B	1.5B	1.5B
Property Plant And Equipment Net	117.2M	253.3M	143.9M	414.3M	476.4M	500.2M
Net Debt	180.8M	456.0M	199.0M	51.6M	59.4M	58.1M
Retained Earnings	502.8M	628.8M	854.6M	1.1B	1.3B	1.4B
Accounts Payable	204.1M	254.8M	337.4M	420.0M	483.0M	507.1M
Cash	54.9M	58.8M	57.2M	205.2M	235.9M	247.7M
Non Current Assets Total	945.5M	1.2B	1.3B	1.4B	1.6B	1.7B
Non Currrent Assets Other	132.1M	8.7M	142.0M	15.2M	17.5M	19.9M
Cash And Short Term Investments	54.9M	58.8M	57.2M	205.2M	235.9M	247.7M
Net Receivables	683.8M	923.0M	1.2B	1.6B	1.8B	1.9B
Common Stock Shares Outstanding	36.7M	36.5M	36.0M	35.9M	41.3M	40.9M
Liabilities And Stockholders Equity	1.8B	2.2B	2.6B	3.3B	3.8B	4.0B
Non Current Liabilities Total	368.0M	566.9M	426.8M	306.5M	352.5M	370.2M
Inventory	13.5M	21.9M	35.3M	65.5M	75.4M	79.1M
Other Current Assets	73.2M	23.7M	48.5M	54.3M	62.5M	33.5M
Other Stockholder Equity	193.2M	176.5M	144.9M	129.8M	116.8M	223.0M
Total Liab	1.1B	1.4B	1.6B	2.0B	2.3B	2.4B
Property Plant And Equipment Gross	211.9M	418.1M	464.2M	631.2M	725.9M	762.2M
Total Current Assets	811.9M	1.0B	1.3B	1.9B	2.2B	2.3B
Short Term Debt	16.6M	21.8M	30.2M	29.3M	33.7M	35.4M
Intangible Assets	231.8M	304.8M	273.9M	280.4M	252.4M	265.0M
Other Liab	33.7M	51.7M	74.0M	67.8M	77.9M	81.8M
Other Assets	28.5M	132.1M	31.6M	129.5M	148.9M	156.4M
Long Term Debt	235.7M	385.2M	247.2M	39.3M	45.2M	43.0M
Good Will	464.4M	592.1M	611.8M	666.8M	766.9M	805.2M
Treasury Stock	(104.0M)	(129.2M)	(150.6M)	(187.2M)	(168.5M)	(160.1M)
Property Plant Equipment	109.8M	117.2M	128.6M	143.9M	165.5M	173.8M
Current Deferred Revenue	226.2M	321.1M	461.8M	909.5M	1.0B	1.1B
Net Tangible Assets	92.9M	230K	(91.2M)	114.2M	102.8M	83.8M
Retained Earnings Total Equity	368.7M	502.8M	628.8M	854.6M	982.8M	1.0B
Capital Surpluse	320.2M	322.5M	327.1M	332.1M	381.9M	352.3M

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Comfort Income Tax Expense vs Income Before Tax Analysis

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

Correlation Coefficient

Income Tax Expense

Income Before Tax

Comfort Systems fundamental ratios Correlations

Comfort Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comfort Systems fundamental ratios Accounts

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Additional Tools for Comfort Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities

Intangible Assets	- 0.84	Other Stockholder Equity
Other Stockholder Equity	- 0.77	Non Current Assets Total
Short Term Debt	- 0.75	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.74	Other Stockholder Equity
Total Liab	- 0.73	Other Stockholder Equity
Other Stockholder Equity	- 0.73	Non Current Liabilities Total