Comfort Systems USA (FIX)

NYSE Industrials Construction & Engineering S&P 500

$1,017.50

+52.56 (+5.45%)

Close of Nov 06, 2026 · end-of-day data

Source: Comfort Systems USA's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.63B	$1.79B	$2.18B	$2.62B	$2.86B	$3.07B	$4.14B	$5.21B	$7.03B	$1.83B
Cost of revenue	$1.29B	$1.42B	$1.74B	$2.11B	$2.31B	$2.51B	$3.40B	$4.22B	$5.55B	$1.43B
Gross profit	$344.01M	$366.28M	$446.28M	$501.94M	$546.98M	$563.21M	$741.61M	$990.51M	$1.48B	$403.42M
Selling, general & admin	$243.20M	$266.59M	$296.99M	$340.00M	$357.78M	$376.31M	$489.34M	$574.42M	$730.07M	$194.87M
Operating income	$101.57M	$99.26M	$150.24M	$163.64M	$190.65M	$188.44M	$253.85M	$418.39M	$749.37M	$209.10M
Interest expense	$2.35M	$3.16M	$3.71M	$9.32M	$8.38M	$6.20M	$13.35M	$10.28M	$6.65M	$9.01M
Pre-tax income	$101.06M	$100.94M	$148.68M	$151.74M	$191.54M	$190.27M	$235.86M	$388.19M	$666.56M	$208.01M
Income tax	$36.16M	$45.67M	$35.77M	$37.42M	$41.40M	$46.93M	-$10.09M	$64.80M	$144.13M	$270.89M
Net income	$64.90M	$55.27M	$112.90M	$114.32M	$150.14M	$143.35M	$245.95M	$323.40M	$522.43M	$1.02B
EBITDA	$119.55M	$119.31M	$172.84M	$188.14M	$218.55M	$216.84M	$287.45M	$456.59M	$797.57M	$271.50M
EPS (basic)	$1.74	$1.48	$3.03	$3.10	$4.11	$3.95	$6.84	$9.03	$14.64	$28.93
EPS (diluted)	$1.72	$1.47	$3.00	$3.08	$4.09	$3.93	$6.82	$9.01	$14.60	$28.88
Diluted shares	37.81M	37.67M	37.59M	37.13M	36.74M	36.45M	36.05M	35.90M	35.77M	35.41M
Gross margin	21.0%	20.5%	20.4%	19.2%	19.1%	18.3%	17.9%	19.0%	21.0%	22.0%
Operating margin	6.2%	5.6%	6.9%	6.3%	6.7%	6.1%	6.1%	8.0%	10.7%	11.4%
Net margin	4.0%	3.1%	5.2%	4.4%	5.3%	4.7%	5.9%	6.2%	7.4%	55.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$32.07M	$36.54M	$45.62M	$50.79M	$54.90M	$58.78M	$57.21M	$205.15M	$549.94M	$981.90M
Receivables	$318.84M	$382.87M	—	—	—	—	—	—	—	—
Inventory	$9.21M	$10.30M	$12.42M	$10.05M	$13.47M	$21.85M	$35.31M	$65.54M	$59.22M	$84.07M
Total current assets	$415.96M	$489.36M	$609.70M	$790.18M	$811.85M	$1.03B	$1.31B	$1.91B	$2.79B	$4.11B
Goodwill	$149.21M	$200.58M	$235.18M	$332.45M	$464.39M	$592.11M	$611.79M	$666.83M	$875.27M	$1.03B
Total assets	$708.90M	$881.12M	$1.06B	$1.51B	$1.76B	$2.21B	$2.60B	$3.31B	$4.71B	$6.44B
Total current liabilities	$317.68M	$373.73M	$467.06M	$608.00M	$692.90M	$836.55M	$1.17B	$1.72B	$2.58B	$3.39B
Short-term debt	$600.00K	$613.00K	$3.28M	$20.82M	—	$2.79M	$9.00M	$4.87M	$6.04M	$6.16M
Long-term debt	$1.96M	$59.93M	$73.64M	$205.32M	$235.73M	$385.24M	$247.25M	$39.34M	$62.29M	$139.06M
Total debt	$2.56M	$60.54M	$76.92M	$226.13M	$235.73M	$388.03M	$256.25M	$44.21M	$68.33M	$145.23M
Total liabilities	$332.27M	$463.18M	$564.52M	$919.71M	$1.06B	$1.40B	$1.60B	$2.03B	$3.01B	$3.99B
Shareholders' equity	$376.63M	$417.94M	$498.05M	$585.30M	$696.43M	$805.67M	$999.92M	$1.28B	$1.70B	$2.45B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$91.19M	$114.09M	$147.19M	$142.03M	$286.51M	$180.15M	$301.53M	$639.57M	$849.06M	$1.19B
Capital expenditures	$23.22M	$35.47M	$27.27M	$31.75M	$24.13M	$22.33M	$48.36M	$94.84M	$111.07M	$154.90M
Free cash flow	$67.97M	$78.62M	$119.92M	$110.28M	$262.38M	$157.82M	$253.17M	$544.73M	$737.99M	$1.03B
Investing cash flow	-$79.32M	-$128.97M	-$95.71M	-$224.45M	-$207.80M	-$246.72M	-$97.18M	-$193.01M	-$343.51M	-$467.27M
Financing cash flow	-$36.26M	$19.35M	-$42.40M	$87.59M	-$74.60M	$70.45M	-$205.91M	-$298.62M	-$160.76M	-$287.12M
Dividends paid	$10.26M	$10.99M	$12.27M	$14.54M	$15.50M	$17.38M	$20.08M	$30.38M	$42.77M	$68.83M
Share buybacks	$13.09M	$9.01M	$28.53M	$19.55M	$30.12M	$27.05M	$38.22M	$21.18M	$57.91M	$216.00M
Stock-based compensation	$5.04M	$6.38M	$7.16M	$5.88M	$6.93M	$10.59M	$10.53M	$12.94M	$16.65M	$21.81M
Depreciation & amortization	$17.98M	$20.05M	$22.60M	$24.50M	$27.90M	$28.40M	$33.60M	$38.20M	$48.20M	$62.40M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.36B	$1.54B	$1.81B	$1.81B	$1.87B	$1.83B	$2.17B	$2.45B	-$4.62B	$2.87B	$3.27B	$3.77B
Cost of revenue	$1.08B	$1.24B	$1.45B	$1.43B	$1.43B	$1.43B	$1.66B	$1.84B	-$3.51B	$2.11B	$2.42B	$2.83B
Gross profit	$279.69M	$297.36M	$363.60M	$381.71M	$433.74M	$403.42M	$509.90M	$607.87M	-$1.12B	$754.41M	$844.23M	$934.48M
Selling, general & admin	$160.03M	$162.72M	$179.54M	$180.18M	$207.63M	$194.87M	$210.47M	$229.58M	-$440.05M	$269.00M	$287.05M	$314.17M
Operating income	$120.28M	$135.46M	$184.67M	$202.88M	$226.35M	$209.10M	$299.87M	$378.87M	-$678.75M	$485.72M	$557.97M	$624.57M
Interest expense	$401.00K	$1.63M	$1.71M	$1.73M	$1.58M	$1.62M	$1.60M	$2.97M	$2.81M	$2.18M	$1.44M	$1.48M
Pre-tax income	$111.73M	$123.06M	$169.66M	$187.81M	$186.04M	$208.01M	$296.48M	$370.46M	-$666.94M	$482.15M	$566.24M	$635.06M
Income tax	$20.15M	$26.74M	$35.65M	$41.58M	$40.17M	$38.72M	$65.64M	$78.84M	$87.69M	$111.77M	$124.64M	$146.01M
Net income	$91.58M	$96.32M	$134.01M	$146.24M	$145.87M	$169.29M	$230.85M	$291.62M	$330.81M	$370.38M	$441.60M	$489.04M
EBITDA	$130.72M	$146.71M	$196.46M	$215.22M	$239.20M	$223.11M	$314.73M	$394.92M	-$709.65M	$504.28M	$578.00M	$646.42M
EPS (basic)	$2.56	$2.70	$3.75	$4.10	$4.10	$4.77	$6.54	$8.26	$9.38	$10.52	$12.54	$13.93
EPS (diluted)	$2.55	$2.69	$3.74	$4.09	$4.08	$4.75	$6.53	$8.25	$9.36	$10.51	$12.53	$13.91
Diluted shares	-15.00K	35.83M	35.83M	35.76M	-29.00K	35.60M	35.37M	35.37M	-32.00K	35.25M	35.25M	35.15M
Gross margin	20.6%	19.3%	20.1%	21.1%	23.2%	22.0%	23.5%	24.8%	24.2%	26.3%	25.9%	24.8%
Operating margin	8.9%	8.8%	10.2%	11.2%	12.1%	11.4%	13.8%	15.5%	14.7%	17.0%	17.1%	16.6%
Net margin	6.7%	6.3%	7.4%	8.1%	7.8%	9.2%	10.6%	11.9%	-7.2%	12.9%	13.5%	13.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$205.15M	$100.79M	$199.42M	$415.58M	$549.94M	$204.76M	$331.71M	$860.52M	$981.90M	$1.05B	$1.85B	$2.16B
Inventory	$65.54M	$71.06M	$63.78M	$55.68M	$59.22M	$63.05M	$70.73M	$78.83M	$84.07M	$93.95M	$104.80M	$120.92M
Total current assets	$1.91B	$2.05B	$2.32B	$2.54B	$2.79B	$2.60B	$3.04B	$3.70B	$4.11B	$4.50B	$5.79B	$6.78B
Goodwill	$666.83M	$862.93M	$874.95M	$875.19M	$875.27M	$905.84M	$927.78M	$928.17M	$1.03B	$1.03B	$1.10B	$1.15B
Total assets	$3.31B	$3.90B	$4.21B	$4.41B	$4.71B	$4.57B	$5.06B	$5.78B	$6.44B	$6.94B	$8.49B	$9.81B
Total current liabilities	$1.72B	$2.14B	$2.33B	$2.43B	$2.58B	$2.41B	$2.70B	$3.03B	$3.39B	$3.63B	$4.77B	$5.91B
Short-term debt	$4.87M	$12.88M	$17.69M	$6.05M	$6.04M	$4.07M	$11.69M	$4.68M	$6.16M	$25.00K	$215.00K	$5.71M
Long-term debt	$39.34M	$77.00M	$73.38M	$62.31M	$62.29M	$63.78M	$61.33M	$131.32M	$139.06M	$39.05M	$53.85M	$43.84M
Total debt	$44.21M	$89.89M	$91.06M	$68.36M	$68.33M	$67.84M	$73.02M	$136.00M	$145.23M	$39.08M	$54.06M	$49.55M
Total liabilities	$2.03B	$2.53B	$2.73B	$2.83B	$3.01B	$2.79B	$3.09B	$3.54B	$3.99B	$4.12B	$5.27B	$6.47B
Shareholders' equity	$1.28B	$1.37B	$1.48B	$1.59B	$1.70B	$1.78B	$1.97B	$2.23B	$2.45B	$2.82B	$3.22B	$3.34B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$173.01M	$146.56M	$189.86M	$302.18M	$210.46M	-$87.95M	$252.50M	$553.27M	$468.54M	$388.83M	$1.14B	$1.01B
Capital expenditures	$25.26M	$24.95M	$23.38M	$22.06M	$40.68M	$22.21M	$31.27M	$35.33M	$66.09M	$147.47M	$141.36M	$210.60M
Free cash flow	$147.74M	$121.61M	$166.47M	$280.12M	$169.79M	-$110.16M	$221.22M	$517.94M	$402.45M	$241.35M	$998.06M	$799.53M
Investing cash flow	-$73.88M	-$221.65M	-$60.79M	-$21.59M	-$39.49M	-$96.78M	-$86.20M	-$53.01M	-$231.28M	-$184.00M	-$283.46M	-$321.11M
Financing cash flow	-$31.60M	-$29.27M	-$30.45M	-$64.43M	-$36.62M	-$160.45M	-$39.34M	$28.55M	-$115.89M	-$136.56M	-$51.33M	-$385.78M
Dividends paid	$8.92M	$8.92M	$10.71M	$10.69M	$12.44M	$14.16M	$15.87M	$17.64M	$21.16M	$24.62M	$28.16M	$31.60M
Share buybacks	$12.62M	$295.00K	$10.84M	$30.89M	$15.89M	$91.37M	$19.92M	$13.14M	$91.57M	$2.55M	$5.68M	$337.88M
Stock-based compensation	$3.81M	$7.41M	$2.67M	$2.04M	$4.52M	$8.04M	$4.16M	$3.55M	$6.06M	$19.41M	$9.21M	$2.64M
Depreciation & amortization	$10.45M	$11.25M	$11.79M	$12.33M	$12.84M	$14.01M	$14.86M	$16.05M	-$30.90M	$18.57M	$20.04M	$21.85M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.