FIX · Comfort Systems USA Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.87B | - | $2.45B | $2.17B | $1.83B | - | $1.81B | $1.81B | $1.54B | - |
| Cost of Revenue | $2.11B | - | $1.84B | $1.66B | $1.43B | - | $1.43B | $1.45B | $1.24B | - |
| Gross Profit | $754.41M | - | $607.87M | $509.90M | $403.42M | - | $381.71M | $363.60M | $297.36M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $269.00M | - | $229.58M | $210.47M | $194.87M | - | $180.18M | $179.54M | $162.72M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $18.57M | - | $12.33M | $11.79M | $14.01M | - | - | - | $11.25M | - |
| Operating Income | $485.72M | - | $378.87M | $299.87M | $209.10M | - | $202.88M | $184.67M | $135.46M | - |
| Interest Expense | $2.18M | - | $2.97M | $1.71M | $1.63M | - | $1.73M | $1.71M | $1.63M | - |
| Income Tax | $111.77M | - | $78.84M | $65.64M | $38.72M | - | $41.58M | $35.65M | $26.74M | - |
| Net Income | $370.38M | - | $291.62M | $230.85M | $169.29M | - | $146.24M | $134.01M | $96.32M | - |
| EPS - Basic | $10.52 | - | $8.26 | $6.54 | $4.77 | - | $4.10 | $3.75 | $2.70 | - |
| EPS - Diluted | $10.51 | - | $8.25 | $6.53 | $4.75 | - | $4.09 | $3.74 | $2.69 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.05B | $981.90M | $860.52M | $331.71M | $204.76M | $549.94M | $415.58M | $199.42M | $100.79M | $205.15M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $93.95M | $84.07M | $78.83M | $70.73M | $63.05M | $59.22M | $55.68M | $63.78M | $71.06M | $65.54M |
| Accounts Payable | $719.59M | $696.35M | $665.13M | $573.27M | $560.66M | $654.94M | $603.55M | $590.53M | $557.86M | $419.96M |
| Current Assets | $4.50B | $4.11B | $3.70B | $3.04B | $2.60B | $2.79B | $2.54B | $2.32B | $2.05B | $1.91B |
| Total Assets | $6.94B | $6.44B | $5.78B | $5.06B | $4.57B | $4.71B | $4.41B | $4.21B | $3.90B | $3.31B |
| Current Liabilities | $3.63B | $3.39B | $3.03B | $2.70B | $2.41B | $2.58B | $2.43B | $2.33B | $2.14B | $1.72B |
| Long-term Debt | $39.05M | $139.06M | $131.32M | $61.33M | $63.78M | $62.29M | $62.31M | $73.38M | $77.00M | $39.34M |
| Total Liabilities | $4.12B | $3.99B | $3.54B | $3.09B | $2.79B | $3.01B | $2.83B | $2.73B | $2.53B | $2.03B |
| Stockholders' Equity | $2.82B | $2.45B | $2.23B | $1.97B | $1.78B | $1.70B | $1.59B | $1.48B | $1.37B | $1.28B |
| Retained Earnings | $2.93B | $2.58B | $2.27B | $2.00B | $1.78B | $1.63B | $1.49B | $1.36B | $1.24B | $1.15B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $388.83M | - | - | - | ($87.95M) | - | - | - | $146.56M | - |
| Investing Cash Flow | ($184.00M) | - | - | - | ($96.78M) | - | - | - | ($221.65M) | - |
| Financing Cash Flow | ($136.56M) | - | - | - | ($160.45M) | - | - | - | ($29.27M) | - |
| CapEx | $147.47M | - | - | - | $22.21M | - | - | - | $24.95M | - |
| Free Cash Flow | $241.35M | - | - | - | ($110.16M) | - | - | - | $121.61M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.3% | - | 24.8% | 23.5% | 22.0% | - | 21.1% | 20.1% | 19.3% | - |
| Operating margin | 17.0% | - | 15.5% | 13.8% | 11.4% | - | 11.2% | 10.2% | 8.8% | - |
| EBITDA margin | 17.6% | - | 16.0% | 14.3% | 12.2% | - | - | - | 9.5% | - |
| Net margin | 12.9% | - | 11.9% | 10.6% | 9.2% | - | 8.1% | 7.4% | 6.3% | - |
| Free cash flow margin | 8.4% | - | - | - | -6.0% | - | - | - | 7.9% | - |
| FCF / Net income | 0.65 | - | - | - | -0.65 | - | - | - | 1.26 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.4% | - | 9.4% | 9.7% | 10.6% | - | 9.9% | 9.9% | 10.6% | - |
| Effective tax rate | 23.2% | - | 21.3% | 22.1% | 18.6% | - | 22.1% | 21.0% | 21.7% | - |
| Return on assets | 5.3% | - | 5.0% | 4.6% | 3.7% | - | 3.3% | 3.2% | 2.5% | - |
| Return on equity | 13.2% | - | 13.1% | 11.7% | 9.5% | - | 9.2% | 9.0% | 7.0% | - |
| Return on invested capital | 13.1% | - | 12.6% | 11.5% | 9.2% | - | 9.6% | 9.4% | 7.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.24 | 1.21 | 1.22 | 1.13 | 1.08 | 1.08 | 1.04 | 1.00 | 0.96 | 1.11 |
| Quick ratio | 1.21 | 1.19 | 1.20 | 1.10 | 1.05 | 1.06 | 1.02 | 0.97 | 0.92 | 1.07 |
| Cash ratio | 0.29 | 0.29 | 0.28 | 0.12 | 0.08 | 0.21 | 0.17 | 0.09 | 0.05 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | 0.01 | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.03 |
| Debt / Assets | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| Debt / EBITDA | 0.08 | - | 0.34 | 0.20 | 0.29 | - | - | - | 0.52 | - |
| Interest coverage | 223.0x | - | 127.4x | 175.5x | 128.0x | - | 117.3x | 108.1x | 83.0x | - |
| Equity multiplier | 2.46 | 2.63 | 2.59 | 2.57 | 2.57 | 2.76 | 2.78 | 2.84 | 2.84 | 2.59 |
| Liabilities / Assets | 0.59 | 0.62 | 0.61 | 0.61 | 0.61 | 0.64 | 0.64 | 0.65 | 0.65 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.41 | - | 0.42 | 0.43 | 0.40 | - | 0.41 | 0.43 | 0.39 | - |
| Inventory turnover | 22.47 | - | 23.38 | 23.52 | 22.65 | - | 25.69 | 22.68 | 17.44 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 16d | - | 16d | 16d | 16d | - | 14d | 16d | 21d | - |
| Days payable outstanding | 124d | - | 132d | 126d | 143d | - | 154d | 149d | 164d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 131.2x | - | 100.0x | 82.1x | 67.9x | - | 95.4x | 81.3x | 118.1x | - |
| P / B | 17.3x | - | 13.1x | 9.6x | 6.5x | - | 8.8x | 7.4x | 8.3x | - |
| P / S | 17.0x | - | 11.9x | 8.7x | 6.3x | - | 7.7x | 6.0x | 7.4x | - |
| EV / EBITDA | 94.4x | - | 72.7x | 60.0x | 50.8x | - | - | - | 77.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 56.5% | - | 35.2% | 20.1% | 19.1% | - | 31.5% | 39.6% | 30.8% | - |
| Revenue CAGR (3y) | 34.6% | - | 29.8% | 28.8% | 27.4% | - | 29.5% | 36.4% | 31.9% | - |
| Revenue CAGR (5y) | 33.7% | - | 28.0% | 23.9% | 21.2% | - | 20.7% | 22.7% | 23.3% | - |
| Gross profit growth (YoY) | 87.0% | - | 59.2% | 40.2% | 35.7% | - | 37.6% | 59.5% | 44.8% | - |
| Operating income growth (YoY) | 132.3% | - | 86.7% | 62.4% | 54.4% | - | 50.1% | 100.5% | 91.1% | - |
| Net income growth (YoY) | 118.8% | - | 99.4% | 72.3% | 75.8% | - | 39.1% | 92.9% | 68.3% | - |
| EPS growth (YoY) | 121.3% | - | 101.7% | 74.6% | 76.6% | - | 39.6% | 93.8% | 69.2% | - |
| EPS CAGR (3y) | 87.7% | - | 69.0% | 77.4% | 25.6% | - | 47.7% | 60.8% | 54.5% | - |
| EPS CAGR (5y) | 70.5% | - | 43.4% | 43.3% | 58.2% | - | 33.1% | 41.9% | 38.4% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 10.2% | - |
| FCF CAGR (5y) | 24.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 58.4% | 43.7% | 40.7% | 33.0% | 29.5% | 33.4% | 31.5% | 33.4% | 30.3% | 27.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$18.20B totalMechanical Segment$6.67B · 36.7%
New Construction$5.75B · 31.6%
Electrical Segment$2.43B · 13.3%
Existing Building Construction$2.12B · 11.6%
Service Calls Maintenance And Monitoring$661.65M · 3.6%
Service Projects$568.85M · 3.1%
Product / service
$9.10B totalMechanical Segment$6.67B · 73.3%
Electrical Segment$2.43B · 26.7%
Peer comparison
Same SIC group: Electrical Work
Comparing COMFORT SYSTEMS USA INC against the 3 most active filers in the same SIC group.
Dividends
$2.60/share trailing 12 months · +73.3% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.8000 |
| Mar 6, 2026 | $0.7000 |
| Nov 13, 2025 | $0.6000 |
| Aug 14, 2025 | $0.5000 |
| May 16, 2025 | $0.4500 |
| Mar 10, 2025 | $0.4000 |
| Nov 14, 2024 | $0.3500 |
| Aug 12, 2024 | $0.3000 |
| May 10, 2024 | $0.3000 |
| Mar 7, 2024 | $0.2500 |
| Nov 15, 2023 | $0.2500 |
| Aug 16, 2023 | $0.2250 |
| May 17, 2023 | $0.2000 |
| Mar 9, 2023 | $0.1750 |
| Nov 16, 2022 | $0.1500 |
| Aug 17, 2022 | $0.1400 |
| May 13, 2022 | $0.1400 |
| Mar 10, 2022 | $0.1300 |
| Nov 10, 2021 | $0.1300 |
| Aug 12, 2021 | $0.1200 |
| May 13, 2021 | $0.1150 |
| Mar 11, 2021 | $0.1150 |
| Nov 6, 2020 | $0.1100 |
| Aug 13, 2020 | $0.1050 |