Comfort Systems USA, Inc.(FIX)Earnings, Financials & Key Ratios

FIX•NYSE

$2011.21

$70.76B mkt cap·69.6× P/E·Price updated May 6, 2026

SectorIndustrials IndustryEngineering & Construction Sub-IndustryBuilding systems and specialty trades

AboutComfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings. The company offers its services for heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection. It serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional MEP markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.Show more

Revenue$9.1B+29.5%
EBITDA$1.45B+62.5%
Net Income$1.02B+95.7%
EPS (Diluted)28.88+97.8%
Gross Margin24.13%+14.8%
EBITDA Margin15.98%+25.5%
Operating Margin14.42%+35.2%
Net Margin11.23%+51.1%
ROE49.24%+40.5%
ROIC52.98%+31.6%
Debt/Equity0.32+77.3%
Interest Coverage144.57+43.1%

Analysis→Technical→

FIX Key Insights

Comfort Systems USA, Inc. (FIX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.6%
✓Strong 5Y profit CAGR of 46.8%
✓Strong Piotroski F-Score: 7/9
✓20 consecutive years of dividend growth
✓Momentum leader: RS Rating 94 (top 6%)
✓Strong 5Y sales CAGR of 26.1%

✗Weaknesses

✗Expensive at 29.1x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FIX Price & Volume

Comfort Systems USA, Inc. (FIX) stock price & volume — 10-year historical chart

Loading chart...

FIX Growth Metrics

Comfort Systems USA, Inc. (FIX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years19.13%

5 Years26.08%

3 Years30.03%

TTM38.43%

Profit CAGR

10 Years35.4%

5 Years46.77%

3 Years60.8%

TTM105.52%

EPS CAGR

10 Years36.35%

5 Years47.83%

3 Years61.78%

TTM107.92%

Return on Capital

10 Years26.93%

5 Years30.5%

3 Years39.63%

Last Year50.72%

FIX Recent Earnings

Comfort Systems USA, Inc. (FIX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)

Q2 2026Latest

Apr 23, 2026

EPS

$10.51

Est $6.81

+54.3%

Revenue

$2.9B

Est $2.4B

+19.7%

Q1 2026

Feb 19, 2026

EPS

$9.37

Est $6.75

+38.8%

Revenue

$2.6B

Est $2.3B

+13.2%

Q4 2025

Oct 23, 2025

EPS

$8.25

Est $6.29

+31.2%

Revenue

$2.5B

Est $2.2B

+13.6%

Q3 2025

Jul 24, 2025

EPS

$6.53

Est $4.84

+34.9%

Revenue

$2.2B

Est $2.0B

+10.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 23, 2026	$10.51vs $6.81+54.3%	$2.9Bvs $2.4B+19.7%
Q1 2026	Feb 19, 2026	$9.37vs $6.75+38.8%	$2.6Bvs $2.3B+13.2%
Q4 2025	Oct 23, 2025	$8.25vs $6.29+31.2%	$2.5Bvs $2.2B+13.6%
Q3 2025	Jul 24, 2025	$6.53vs $4.84+34.9%	$2.2Bvs $2.0B+10.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MTZMasTec, Inc.Direct Competitor	34.15B	433.28	85.46	16.22%	3%	14.16%	0.84
PWRQuanta Services, Inc.Direct Competitor	117.83B	785.24	115.48	19.76%	3.72%	12.96%	0.13
WLDNWilldan Group, Inc.Direct Competitor	1.12B	75.71	21.69	20.46%	7.71%	19.12%	0.23
MYRGMYR Group Inc.Direct Competitor	7.08B	454.78	60.40	8.79%	3.71%	22.14%	0.16
EMEEMCOR Group, Inc.Product Competitor	42.03B	943.75	33.48	16.64%	7.52%	38.32%	0.23
TTEKTetra Tech, Inc.Product Competitor	8.09B	31.01	33.34	4.69%	8.96%	24.36%	0.55
APOGApogee Enterprises, Inc.Product Competitor	783.61M	36.43	14.46	3.21%	3.85%	10.79%	0.56
IESCIES Holdings, Inc.Product Competitor	13.43B	673.84	44.86	16.89%	9.77%	39.87%	0.18

Compare FIX vs Peers

Comfort Systems USA, Inc. (FIX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MTZ

Most directly comparable listed peer for FIX.

Scale Benchmark

vs PWR

Larger-name benchmark to compare FIX against a more recognizable public peer.

Peer Set

Compare Top 5

vs MTZ, PWR, WLDN, MYRG

FIX Income Statement

Comfort Systems USA, Inc. (FIX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	1.79B	2.18B	2.62B	2.86B	3.07B	4.14B	5.21B	7.03B	9.1B	10.14B
Revenue Growth %	9.4%	22.09%	19.81%	9.23%	7.6%	34.71%	25.76%	34.97%	29.52%	38.43%
Cost of Goods Sold	1.42B	1.74B	2.11B	2.31B	2.51B	3.4B	4.22B	5.55B	6.91B	7.59B
COGS % of Revenue	79.51%	79.56%	80.81%	80.85%	81.68%	82.09%	80.98%	78.99%	75.87%	-
Gross Profit	366.28M▲ 0%	446.28M▲ 21.8%	501.94M▲ 12.5%	546.98M▲ 9.0%	563.21M▲ 3.0%	741.61M▲ 31.7%	990.51M▲ 33.6%	1.48B▲ 49.1%	2.2B▲ 48.7%	2.55B▲ 0%
Gross Margin %	20.49%	20.44%	19.19%	19.15%	18.32%	17.91%	19.02%	21.01%	24.13%	25.13%
Gross Profit Growth %	6.47%	21.84%	12.47%	8.97%	2.97%	31.68%	33.56%	49.06%	48.73%	-
Operating Expenses	267.02M	296.04M	338.3M	356.33M	374.77M	487.76M	572.12M	727.04M	883.28M	957.96M
OpEx % of Revenue	14.93%	13.56%	12.94%	12.47%	12.19%	11.78%	10.99%	10.35%	9.7%	-
Selling, General & Admin	266.59M	296.99M	340M	357.78M	376.31M	489.34M	574.42M	730.07M	883.28M	709.04M
SG&A % of Revenue	14.91%	13.61%	13%	12.52%	12.24%	11.82%	11.03%	10.39%	9.7%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	435K	-945K	-1.7M	-1.45M	-1.54M	-1.58M	-2.3M	-3.03M	0	558K
Operating Income	99.26M▲ 0%	150.24M▲ 51.4%	163.64M▲ 8.9%	190.65M▲ 16.5%	188.44M▼ 1.2%	253.85M▲ 34.7%	418.39M▲ 64.8%	749.37M▲ 79.1%	1.31B▲ 75.2%	1.59B▲ 0%
Operating Margin %	5.55%	6.88%	6.26%	6.67%	6.13%	6.13%	8.04%	10.66%	14.42%	15.7%
Operating Income Growth %	-2.27%	51.36%	8.92%	16.51%	-1.16%	34.71%	64.82%	79.11%	75.16%	-
EBITDA	136.72M	192.93M	215.21M	251.28M	257.38M	335.2M	499.95M	894.85M	1.45B	1.71B
EBITDA Margin %	7.65%	8.84%	8.23%	8.8%	8.37%	8.1%	9.6%	12.73%	15.98%	16.85%
EBITDA Growth %	7.03%	41.12%	11.55%	16.76%	2.43%	30.23%	49.15%	78.99%	62.55%	76.55%
D&A (Non-Cash Add-back)	37.46M	42.69M	51.57M	60.63M	68.94M	81.35M	81.57M	145.49M	141.96M	117.17M
EBIT	103.17M	151.53M	160.16M	198.55M	195.25M	247.96M	397.07M	671.61M	1.3B	1.09B
Net Interest Income	-3.09M	-3.64M	-9.09M	-7.94M	-5.67M	-13.64M	-6.79M	4.91M	12.6M	9.95M
Interest Income	70K	73K	224K	103K	24K	46K	3.49M	11.55M	21.6M	25.85M
Interest Expense	3.16M	3.71M	9.32M	8.04M	5.7M	13.68M	10.28M	6.65M	9.01M	5.21M
Other Income/Expense	1.68M	-1.56M	-11.9M	889K	1.84M	-17.99M	-30.19M	-82.81M	-19.16M	-23.23M
Pretax Income	100.94M▲ 0%	148.68M▲ 47.3%	151.74M▲ 2.1%	191.54M▲ 26.2%	190.27M▼ 0.7%	235.86M▲ 24.0%	388.19M▲ 64.6%	666.56M▲ 71.7%	1.29B▲ 94.0%	1.57B▲ 0%
Pretax Margin %	5.65%	6.81%	5.8%	6.71%	6.19%	5.7%	7.46%	9.49%	14.21%	15.47%
Income Tax	45.67M	35.77M	37.42M	41.4M	46.93M	-10.09M	64.8M	144.13M	270.89M	343.94M
Effective Tax Rate %	45.24%	24.06%	24.66%	21.61%	24.66%	-4.28%	16.69%	21.62%	20.94%	21.94%
Net Income	55.27M▲ 0%	112.9M▲ 104.3%	114.32M▲ 1.3%	150.14M▲ 31.3%	143.35M▼ 4.5%	245.95M▲ 71.6%	323.4M▲ 31.5%	522.43M▲ 61.5%	1.02B▲ 95.7%	1.22B▲ 0%
Net Margin %	3.09%	5.17%	4.37%	5.26%	4.66%	5.94%	6.21%	7.43%	11.23%	12.07%
Net Income Growth %	-14.83%	104.27%	1.26%	31.33%	-4.52%	71.57%	31.49%	61.54%	95.73%	105.52%
Net Income (Continuing)	55.27M	112.9M	114.32M	150.14M	143.35M	245.95M	323.4M	522.43M	1.02B	1.22B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.47▲ 0%	3.00▲ 104.1%	3.08▲ 2.7%	4.09▲ 32.8%	3.93▼ 3.9%	6.82▲ 73.5%	9.01▲ 32.1%	14.60▲ 62.0%	28.88▲ 97.8%	34.71▲ 0%
EPS Growth %	-14.53%	104.08%	2.67%	32.79%	-3.91%	73.54%	32.11%	62.04%	97.81%	107.92%
EPS (Basic)	1.48	3.03	3.10	4.11	3.95	6.84	9.03	14.64	28.93	-
Diluted Shares Outstanding	37.67M	37.59M	37.13M	36.74M	36.45M	36.05M	35.9M	35.77M	35.41M	35.25M
Basic Shares Outstanding	37.24M	37.2M	36.85M	36.54M	36.28M	35.93M	35.8M	35.69M	35.35M	35.21M
Dividend Payout Ratio	19.88%	10.87%	12.72%	10.32%	12.13%	8.16%	9.39%	8.19%	6.73%	-

FIX Balance Sheet

Comfort Systems USA, Inc. (FIX) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	489.36M	609.7M	790.18M	811.85M	1.03B	1.31B	1.91B	2.79B	4.11B	4.5B
Cash & Short-Term Investments	36.54M	45.62M	50.79M	54.9M	58.78M	57.21M	205.15M	549.94M	981.9M	1.05B
Cash Only	36.54M	45.62M	50.79M	54.9M	58.78M	57.21M	205.15M	549.94M	981.9M	1.05B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	434.22M	545.12M	714.95M	727.97M	922.99M	1.17B	1.59B	2.13B	2.91B	2.94B
Days Sales Outstanding	88.64	91.15	99.78	93.01	109.61	102.85	111.19	110.88	116.54	100.4
Inventory	10.3M	12.42M	10.05M	13.47M	21.85M	35.31M	65.54M	59.22M	84.07M	93.95M
Days Inventory Outstanding	2.65	2.61	1.74	2.13	3.18	3.79	5.67	3.89	4.44	3.94
Other Current Assets	0	0	0	0	0	48.46M	54.31M	46.21M	138.56M	414.48M
Total Non-Current Assets	391.76M	452.86M	714.83M	945.5M	1.18B	1.29B	1.39B	1.92B	2.33B	2.44B
Property, Plant & Equipment	87.59M	99.62M	193.87M	211.93M	253.31M	274.62M	414.28M	506.29M	710.87M	837.45M
Fixed Asset Turnover	20.41x	21.91x	13.49x	13.48x	12.13x	15.08x	12.57x	13.88x	12.80x	15.03x
Goodwill	200.58M	235.18M	332.45M	464.39M	592.11M	611.79M	666.83M	875.27M	1.03B	1.03B
Intangible Assets	76.04M	95.28M	159.97M	231.81M	304.78M	273.9M	280.4M	434.42M	485.17M	464.77M
Long-Term Investments	0	0	0	0	0	2.5M	4.3M	6.8M	34.4M	34.4M
Other Non-Current Assets	4.58M	5.16M	6.62M	7.97M	8.68M	11.34M	10.95M	12.63M	-9.48M	60.4M
Total Assets	881.12M▲ 0%	1.06B▲ 20.6%	1.51B▲ 41.6%	1.76B▲ 16.8%	2.21B▲ 25.7%	2.6B▲ 17.6%	3.31B▲ 27.3%	4.71B▲ 42.5%	6.44B▲ 36.7%	6.94B▲ 0%
Asset Turnover	2.03x	2.05x	1.74x	1.63x	1.39x	1.59x	1.58x	1.49x	1.41x	1.67x
Asset Growth %	24.29%	20.59%	41.64%	16.77%	25.71%	17.58%	27.26%	42.52%	36.72%	139.67%
Total Current Liabilities	373.73M	467.06M	608M	692.9M	836.55M	1.17B	1.72B	2.58B	3.39B	3.63B
Accounts Payable	132.01M	176.17M	196.19M	204.15M	254.79M	337.38M	419.96M	654.94M	696.35M	719.59M
Days Payables Outstanding	33.89	37.03	33.89	32.26	37.04	36.23	36.36	43.06	36.81	31.92
Short-Term Debt	613K	3.28M	20.82M	0	2.79M	9M	4.87M	6.04M	41.7M	25K
Deferred Revenue (Current)	109.9M	136.22M	172.42M	230.8M	321.11M	548.29M	946.78M	1.4B	2.12B	5.4B
Other Current Liabilities	89.92M	104.37M	152.38M	177.41M	194.79M	208.91M	273.7M	408.69M	243.81M	3.63B
Current Ratio	1.31x	1.31x	1.30x	1.17x	1.23x	1.12x	1.11x	1.08x	1.21x	1.21x
Quick Ratio	1.28x	1.28x	1.28x	1.15x	1.20x	1.09x	1.07x	1.06x	1.19x	1.19x
Cash Conversion Cycle	57.4	56.73	67.63	62.88	75.74	70.41	80.51	71.71	84.18	72.42
Total Non-Current Liabilities	89.45M	97.46M	311.71M	368.02M	566.89M	426.75M	306.55M	423.64M	598.54M	492.5M
Long-Term Debt	59.93M	73.64M	205.32M	235.73M	385.24M	247.25M	39.34M	62.29M	441.65M	339.06M
Capital Lease Obligations	0	0	72.7M	80.58M	107.7M	111.74M	188.14M	212.11M	302.59M	771.28M
Deferred Tax Liabilities	2.26M	1.39M	1.43M	1.34M	1.75M	0	1.12M	2.23M	3.89M	12.23M
Other Non-Current Liabilities	27.26M	22.43M	32.27M	50.37M	72.21M	67.76M	77.94M	147.02M	-149.59M	239.34M
Total Liabilities	463.18M	564.52M	919.71M	1.06B	1.4B	1.6B	2.03B	3.01B	3.99B	4.12B
Total Debt	60.54M	76.92M	312.85M	332.89M	514.78M	389.14M	256.77M	308.6M	785.95M	339.08M
Net Debt	24M	31.3M	262.06M	278M	456M	331.93M	51.62M	-241.34M	-195.95M	-711.08M
Debt / Equity	0.14x	0.15x	0.53x	0.48x	0.64x	0.39x	0.20x	0.18x	0.32x	0.32x
Debt / EBITDA	0.44x	0.40x	1.45x	1.32x	2.00x	1.16x	0.51x	0.34x	0.54x	0.20x
Net Debt / EBITDA	0.18x	0.16x	1.22x	1.11x	1.77x	0.99x	0.10x	-0.27x	-0.13x	-0.13x
Interest Coverage	32.69x	40.84x	17.19x	24.69x	34.28x	18.12x	38.62x	101.02x	144.57x	209.68x
Total Equity	417.94M▲ 0%	498.05M▲ 19.2%	585.3M▲ 17.5%	696.43M▲ 19.0%	805.67M▲ 15.7%	999.92M▲ 24.1%	1.28B▲ 27.8%	1.7B▲ 33.4%	2.45B▲ 43.7%	2.82B▲ 0%
Equity Growth %	10.97%	19.17%	17.52%	18.99%	15.69%	24.11%	27.79%	33.4%	43.65%	175.71%
Book Value per Share	11.09	13.25	15.76	18.96	22.10	27.74	35.60	47.65	69.15	79.86
Total Shareholders' Equity	417.94M	498.05M	585.3M	696.43M	805.67M	999.92M	1.28B	1.7B	2.45B	2.82B
Common Stock	411K	411K	411K	411K	411K	411K	411K	411K	411K	411K
Retained Earnings	168.27M	268.9M	368.69M	502.81M	628.77M	854.64M	1.15B	1.63B	2.58B	2.93B
Treasury Stock	-63.52M	-87.75M	-103.96M	-129.24M	-150.58M	-187.21M	-209.81M	-273.8M	-496.01M	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

FIX Cash Flow Statement

Comfort Systems USA, Inc. (FIX) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	114.09M	147.19M	142.03M	286.51M	180.15M	301.53M	639.57M	849.06M	1.19B	1.19B
Operating CF Margin %	6.38%	6.74%	5.43%	10.03%	5.86%	7.28%	12.28%	12.08%	13.03%	-
Operating CF Growth %	25.12%	29.01%	-3.51%	101.73%	-37.12%	67.38%	112.11%	32.75%	39.73%	780.81%
Net Income	55.27M	112.9M	114.32M	150.14M	143.35M	245.95M	323.4M	522.43M	1.02B	1.22B
Depreciation & Amortization	37.46M	42.69M	51.57M	60.63M	68.94M	81.35M	81.57M	145.49M	79.58M	83.55M
Stock-Based Compensation	6.38M	7.16M	5.88M	6.93M	10.59M	10.53M	12.94M	16.65M	21.81M	33.18M
Deferred Taxes	4.18M	4.46M	-4.25M	-7.95M	6.9M	-94.5M	95.3M	-66.61M	-5.28M	-6.35M
Other Non-Cash Items	-2.72M	5.07M	21.54M	11.93M	7.32M	28.25M	52.9M	123.7M	135.35M	82.94M
Working Capital Changes	13.53M	-25.09M	-47.04M	64.84M	-56.95M	29.96M	73.47M	107.4M	-67.67M	246.18M
Change in Receivables	-37.8M	-68.62M	-49.51M	38.49M	-58.05M	-223.18M	-374.2M	-415.31M	-614.24M	-564.98M
Change in Inventory	-584K	-1.54M	2.37M	-1.46M	-5.65M	-13.49M	-29.69M	6.54M	-24.41M	-30.47M
Change in Payables	22.07M	28.29M	-4.27M	8.37M	-37.88M	165.89M	136.47M	502.89M	-276.05M	41.33M
Cash from Investing	-128.97M	-95.71M	-224.45M	-207.8M	-246.72M	-97.18M	-193.01M	-343.51M	-467.27M	-554.49M
Capital Expenditures	-35.47M	-27.27M	-31.75M	-24.13M	-22.33M	-48.36M	-94.84M	-111.07M	-154.9M	-280.17M
CapEx % of Revenue	1.98%	1.25%	1.21%	0.84%	0.73%	1.17%	1.82%	1.58%	1.7%	-
Acquisitions	-94.86M	-70.14M	-194.86M	-185.94M	-227.49M	-49.22M	-102.26M	-235.47M	-279.61M	-66.28M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.36M	1.7M	2.16M	2.27M	3.1M	2.86M	5.95M	5.54M	-32.76M	-215.3M
Cash from Financing	19.35M	-42.4M	87.59M	-74.6M	70.45M	-205.91M	-298.62M	-160.76M	-287.13M	-263.24M
Debt Issued (Net)	43.91M	3.87M	124.22M	-19.53M	115.5M	-138.16M	-227.03M	-25.94M	56.94M	5.99M
Equity Issued (Net)	-9.01M	-28.53M	-19.55M	-30.12M	-27.05M	-41.46M	-21.18M	-57.91M	-215.21M	91.37M
Dividends Paid	-10.99M	-12.27M	-14.54M	-15.5M	-17.38M	-20.08M	-30.38M	-42.77M	-68.83M	-79.29M
Share Repurchases	-9.01M	-28.53M	-19.55M	-30.12M	-27.05M	-38.22M	-21.18M	-57.91M	-216M	91.37M
Other Financing	-4.57M	-5.47M	-2.53M	-9.45M	-610K	-6.22M	-20.03M	-34.15M	-60.03M	-281.31M
Net Change in Cash	4.47M▲ 0%	9.08M▲ 103.2%	5.17M▼ 43.1%	4.11M▼ 20.5%	3.88M▼ 5.6%	-1.56M▼ 140.3%	147.94M▲ 9570.9%	344.79M▲ 133.1%	431.96M▲ 25.3%	845.41M▲ 0%
Free Cash Flow	78.62M▲ 0%	119.92M▲ 52.5%	110.28M▼ 8.0%	262.38M▲ 137.9%	157.82M▼ 39.8%	253.17M▲ 60.4%	544.73M▲ 115.2%	737.99M▲ 35.5%	1.03B▲ 39.8%	1.38B▲ 0%
FCF Margin %	4.4%	5.49%	4.22%	9.18%	5.13%	6.11%	10.46%	10.5%	11.33%	13.64%
FCF Growth %	15.67%	52.53%	-8.04%	137.93%	-39.85%	60.42%	115.16%	35.48%	39.77%	173.19%
FCF per Share	2.09	3.19	2.97	7.14	4.33	7.02	15.18	20.63	29.13	29.13
FCF Conversion (FCF/Net Income)	2.06x	1.30x	1.24x	1.91x	1.26x	1.23x	1.98x	1.63x	1.16x	1.13x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

FIX Key Ratios

Comfort Systems USA, Inc. (FIX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	13.91%	24.65%	21.11%	23.43%	19.09%	27.24%	28.4%	35.03%	49.24%	51.69%
Return on Invested Capital (ROIC)	18.86%	23.2%	17.83%	15.7%	12.64%	14.68%	23.58%	40.25%	52.98%	52.98%
Gross Margin	20.49%	20.44%	19.19%	19.15%	18.32%	17.91%	19.02%	21.01%	24.13%	25.13%
Net Margin	3.09%	5.17%	4.37%	5.26%	4.66%	5.94%	6.21%	7.43%	11.23%	12.07%
Debt / Equity	0.14x	0.15x	0.53x	0.48x	0.64x	0.39x	0.20x	0.18x	0.32x	0.32x
Interest Coverage	32.69x	40.84x	17.19x	24.69x	34.28x	18.12x	38.62x	101.02x	144.57x	209.68x
FCF Conversion	2.06x	1.30x	1.24x	1.91x	1.26x	1.23x	1.98x	1.63x	1.16x	1.13x
Revenue Growth	9.4%	22.09%	19.81%	9.23%	7.6%	34.71%	25.76%	34.97%	29.52%	38.43%

FIX SEC Filings & Documents

Comfort Systems USA, Inc. (FIX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 23, 2026·SEC

Material company update

Feb 20, 2026·SEC

Material company update

Feb 19, 2026·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

FIX Frequently Asked Questions

Comfort Systems USA, Inc. (FIX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Comfort Systems USA, Inc. (FIX) reported $10.14B in revenue for fiscal year 2025. This represents a 3306% increase from $297.6M in 1997.

Comfort Systems USA, Inc. (FIX) grew revenue by 29.5% over the past year. This is strong growth.

Yes, Comfort Systems USA, Inc. (FIX) is profitable, generating $1.22B in net income for fiscal year 2025 (11.2% net margin).

Dividend & Returns

Comfort Systems USA, Inc. (FIX) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Comfort Systems USA, Inc. (FIX) has a return on equity (ROE) of 49.2%. This is excellent, indicating efficient use of shareholder capital.

Comfort Systems USA, Inc. (FIX) generated $1.38B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More FIX

Comfort Systems USA, Inc. (FIX) financial analysis — history, returns, DCA and operating performance tools

Full FIX Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Comfort Systems USA, Inc.(FIX)Earnings, Financials & Key Ratios

FIX Key Insights

✓Strengths

✗Weaknesses

FIX Price & Volume

FIX Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

FIX Recent Earnings

FIX Peer Comparison

Compare FIX vs Peers

vs MTZ

vs PWR

Compare Top 5

FIX Income Statement

FIX Balance Sheet

FIX Cash Flow Statement

FIX Key Ratios

FIX SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

FIX Frequently Asked Questions

Explore More FIX

Full FIX Stock Analysis

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation