Comfort Systems USA, Inc.

Comfort Systems USA, Inc.

FIX
Comfort Systems USA, Inc.US flagNew York Stock Exchange
1,774.19
USD
+46.55
- -
62.44BMarket Cap
Comfort Systems USA, Inc.
FIX
(New York Stock Exchange)

Recent

price

1,774.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
28.32
32.54
35.87
36.44
37.57
42.21
43.78
48.01
58.68
70.96
78.17
84.71
115.23
145.43
196.91
257.48
318.54
Revenue per Share
0.39
-0.99
0.36
0.73
0.61
1.32
1.74
1.48
3.03
3.1
4.11
3.95
6.84
9.03
14.64
28.93
40.69
Basic EPS, GAAP
0.67
0.56
0.5
0.56
0.62
2.06
1.82
2.11
3.22
2.99
7.18
4.35
7.05
15.22
20.68
29.18
61.27
Free Cash Flow per Basic Share
0.2
0.2
0.2
0.21
0.22
0.25
0.27
0.3
0.33
0.39
0.42
0.48
0.56
0.85
1.2
1.95
2.6
Dividend per Share
8.23
7.07
7.26
7.86
8.22
9.26
10.12
11.24
13.5
15.97
19.24
22.32
27.96
35.81
47.94
69.61
91.4
Book Value per Share
3.3
2.92
2.99
3.82
3.23
4.32
4.97
3.8
4.54
2.53
0.01
-2.53
3.19
9.26
11.11
26.67
44.92
Tangible Book Value per Share
38
37
37
37
38
37
37
37
37
37
37
36
36
36
36
35
35
Basic Weighted Avg Shares
1,064
1,217
1,331
1,357
1,411
1,581
1,634
1,788
2,183
2,615
2,857
3,074
4,140
5,207
7,027
9,102
11,228
Sales/Revenue/Turnover
2.91
1.19
1.64
3.36
2.99
5.64
6.17
5.58
6.84
6.19
6.62
6.08
6.09
7.99
10.62
14.42
16.45
Operating Margin (%)
17
20
21
19
21
23
26
37
43
52
61
69
81
82
145
142
155
Depreciation Expense
15
-37
13
27
23
49
65
55
113
114
150
143
246
323
522
1,023
1,434
Net Income, GAAP
35.25
- -
46.64
38.79
28.87
35.22
35.79
45.24
24.06
24.66
21.61
24.66
- -
16.69
21.62
20.94
21.93
Effective Tax Rate (%)
1.39
-3.03
1.01
2.01
1.63
3.12
3.97
3.09
5.17
4.37
5.26
4.66
5.94
6.21
7.43
11.23
12.78
Profit Margin (%)
135
110
104
128
111
119
98
116
143
182
119
191
137
190
207
717
1,020
Working Capital
29
15
7
- -
40
11
2
60
74
278
316
493
359
227
274
442
328
LT Debt
313
283
287
314
321
365
377
418
498
585
696
806
1,000
1,278
1,705
2,449
3,217
Total Equity
6.1
- -
3.98
9.26
8.91
15.76
17.23
12.76
21.61
16.65
15.46
12.04
- -
23.8
33.12
42.14
50.08
Return on Invested Capital (%)
4.67
- -
5.37
8.58
5.35
11.31
17.39
13.17
21.85
16.38
16.15
12.52
- -
22.63
29.67
41.58
49.66
Return on Capital (%)
4.76
-12.76
5.03
9.63
7.66
15.12
17.94
13.91
24.65
21.11
23.43
19.09
27.24
28.4
35.03
49.24
55.29
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
42
- -
- -
LT Borrowings
139
39
54
LT Finance Leases
303
300
274
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
35
35
Market Capitalization
32,831
48,523
69,765

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,111
4,501
5,788
Cash, Cash Equivalents & STI
982
1,050
1,855
Accounts Receivable, Net
2,578
2,805
3,279
Inventories
84
94
105
Total Current Liabilities
3,394
3,631
4,769
Payables & Accruals
815
758
812
ST Debt
42
- -
- -
Deferred Revenue
2,120
2,345
3,231

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.45%
28.93%
43.65%
Free Cash Flow
39.73%
42.2%
39.77%
Net Income, GAAP
40.93%
51.16%
95.73%
Sales/Revenue/Turnover
19.65%
26.51%
29.52%
Total Cash Common Dividend
23.42%
36.14%
60.95%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,537
1,810
1,812
1,868
7,027
2025
1,831
2,173
2,451
2,646
9,102
2026
2,865
3,266
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.7
3.75
4.1
4.1
14.64
2025
4.77
6.54
8.26
9.38
28.93
2026
10.52
12.54
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.3
0.3
0.35
1.2
2025
0.4
0.45
0.5
0.6
1.95
2026
0.7
0.8
- -
- -
- -
Business
Comfort Systems USA, Inc. (NYSE: FIX) is a leading provider of mechanical, electrical, and plumbing contracting services for commercial, industrial, and institutional customers across the United States. The company offers comprehensive construction services for heating, ventilation, and air conditioning (HVAC) systems, plumbing, process piping, and electrical installations; modular off-site construction solutions including HVAC modules, electrical systems, modular data centers, and turbine enclosures; building services encompassing property asset maintenance, upgrades, modifications, 24/7 proactive response, and retrofit projects; and building automation services providing turnkey life safety systems, remote monitoring, controls operation, repair, and maintenance. Incorporated in Delaware in 1994 and headquartered in Houston, Texas, Comfort Systems USA went public in June 1997 through the consolidation of 12 operating companies and has since expanded to more than 45 subsidiaries operating from over 170 locations nationwide. In recent developments, the company completed five acquisitions in 2025 to broaden its electrical segment and deepen exposure to technology and industrial end-markets, enhancing visibility into multi-year projects. Earlier expansions included the 2024 acquisition of Summit Industrial Hydroponics for modular construction capabilities and the 2024 purchase of J & S Mechanical Contractors in Utah, alongside a new $1.1 billion credit facility with extended maturity to support growth. Comfort Systems USA continues to invest in modular capacity expansion toward nearly 3 million square feet by early 2026, driven by strong demand in data centers and advanced manufacturing, contributing to a record backlog of $9.38 billion as of September 30, 2025. These strategic moves reflect ongoing diversification in high-growth sectors such as technology infrastructure and public works supported by federal and state initiatives.

Company News

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