Comfort Systems USA, Inc. (FIX) Financial Ratios
29 years of historical data (1997–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
47.45
↑+185% vs avg
5yr avg: 16.66
30Y Low3.5·High99.1
P/FCF
↑
67.11
↑+218% vs avg
5yr avg: 21.08
30Y Low2.0·High54.1
P/B Ratio
↑
28.45
↑+287% vs avg
5yr avg: 7.36
30Y Low0.2·High13.5
ROE
↑
49.2%
↓+55% vs avg
5yr avg: 31.8%
30Y Low-68%·High49%
Debt/EBITDA
↓
0.54
↓-41% vs avg
5yr avg: 0.91
30Y Low0.0·High5.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FIX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Comfort Systems USA, Inc. trades at 68.1x earnings, 170% above its 5-year average of 25.2x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 166%. On a free-cash-flow basis, the stock trades at 67.1x P/FCF, 218% above the 5-year average of 21.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $69.2B | $33.1B | $15.2B | $7.4B | $4.1B | $3.6B | $1.9B | $1.9B | $1.6B | $1.6B | $1.3B |
| Enterprise Value | $69.0B | $32.9B | $14.9B | $7.4B | $4.5B | $4.1B | $2.2B | $2.1B | $1.7B | $1.7B | $1.2B |
| P/E Ratio → | 68.12 | 32.32 | 29.05 | 22.83 | 16.87 | 25.18 | 12.88 | 16.19 | 14.56 | 29.69 | 19.36 |
| P/S Ratio | 7.61 | 3.63 | 2.16 | 1.42 | 1.00 | 1.17 | 0.68 | 0.71 | 0.75 | 0.92 | 0.77 |
| P/B Ratio | 28.45 | 13.50 | 8.90 | 5.78 | 4.15 | 4.48 | 2.78 | 3.16 | 3.30 | 3.93 | 3.34 |
| P/FCF | 67.11 | 32.04 | 20.56 | 13.55 | 16.38 | 22.85 | 7.37 | 16.78 | 13.69 | 20.91 | 18.52 |
| P/OCF | 58.35 | 27.86 | 17.87 | 11.54 | 13.76 | 20.02 | 6.75 | 13.03 | 11.16 | 14.41 | 13.81 |
P/E links to full P/E history page with 30-year chart
FIX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Comfort Systems USA, Inc.'s enterprise value stands at 47.5x EBITDA, 185% above its 5-year average of 16.7x. The Industrials sector median is 13.9x, placing the stock at a 242% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.61 | 2.12 | 1.43 | 1.08 | 1.32 | 0.77 | 0.81 | 0.77 | 0.93 | 0.75 |
| EV / EBITDA | 47.45 | 22.59 | 16.68 | 14.87 | 13.37 | 15.78 | 8.81 | 9.82 | 8.67 | 12.20 | 9.63 |
| EV / EBIT | 52.59 | 25.23 | 22.23 | 18.72 | 18.07 | 20.81 | 11.14 | 13.19 | 11.04 | 16.17 | 12.01 |
| EV / FCF | — | 31.85 | 20.23 | 13.65 | 17.70 | 25.74 | 8.43 | 19.16 | 13.95 | 21.22 | 18.09 |
FIX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Comfort Systems USA, Inc. earns an operating margin of 14.4%, above the Industrials sector average of 4.3%. Operating margins have expanded from 8.0% to 14.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 49.2% is exceptionally high — well above the sector median of 8.2%. ROIC of 53.0% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.1% | 24.1% | 21.0% | 19.0% | 17.9% | 18.3% | 19.1% | 19.2% | 20.4% | 20.5% | 21.0% |
| Operating Margin | 14.4% | 14.4% | 10.7% | 8.0% | 6.1% | 6.1% | 6.7% | 6.3% | 6.9% | 5.6% | 6.2% |
| Net Profit Margin | 11.2% | 11.2% | 7.4% | 6.2% | 5.9% | 4.7% | 5.3% | 4.4% | 5.2% | 3.1% | 4.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 49.2% | 49.2% | 35.0% | 28.4% | 27.2% | 19.1% | 23.4% | 21.1% | 24.7% | 13.9% | 17.5% |
| ROA | 18.3% | 18.3% | 13.0% | 11.0% | 10.2% | 7.2% | 9.2% | 8.9% | 11.6% | 7.0% | 9.3% |
| ROIC | 53.0% | 53.0% | 40.2% | 23.6% | 14.7% | 12.6% | 15.7% | 17.8% | 23.2% | 18.9% | 22.8% |
| ROCE | 50.7% | 50.7% | 40.4% | 27.8% | 18.1% | 15.5% | 19.4% | 21.9% | 27.2% | 22.1% | 26.1% |
FIX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Comfort Systems USA, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (83% below the sector average of 3.2x). The company holds a net cash position — cash of $982M exceeds total debt of $786M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 144.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.18 | 0.20 | 0.39 | 0.64 | 0.48 | 0.53 | 0.15 | 0.14 | 0.01 |
| Debt / EBITDA | 0.54 | 0.54 | 0.34 | 0.51 | 1.16 | 2.00 | 1.32 | 1.45 | 0.40 | 0.44 | 0.02 |
| Net Debt / Equity | — | -0.08 | -0.14 | 0.04 | 0.33 | 0.57 | 0.40 | 0.45 | 0.06 | 0.06 | -0.08 |
| Net Debt / EBITDA | -0.13 | -0.13 | -0.27 | 0.10 | 0.99 | 1.77 | 1.11 | 1.22 | 0.16 | 0.18 | -0.23 |
| Debt / FCF | — | -0.19 | -0.33 | 0.09 | 1.31 | 2.89 | 1.06 | 2.38 | 0.26 | 0.31 | -0.43 |
| Interest Coverage | 144.57 | 144.57 | 101.02 | 38.62 | 18.12 | 34.28 | 24.69 | 17.19 | 40.84 | 32.69 | 43.66 |
Net cash position: cash ($982M) exceeds total debt ($786M)
FIX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.21x means Comfort Systems USA, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.11x to 1.21x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.21 | 1.21 | 1.08 | 1.11 | 1.12 | 1.23 | 1.17 | 1.30 | 1.31 | 1.31 | 1.31 |
| Quick Ratio | 1.19 | 1.19 | 1.06 | 1.07 | 1.09 | 1.20 | 1.15 | 1.28 | 1.28 | 1.28 | 1.28 |
| Cash Ratio | 0.29 | 0.29 | 0.21 | 0.12 | 0.05 | 0.07 | 0.08 | 0.08 | 0.10 | 0.10 | 0.10 |
| Asset Turnover | — | 1.41 | 1.49 | 1.58 | 1.59 | 1.39 | 1.63 | 1.74 | 2.05 | 2.03 | 2.31 |
| Inventory Turnover | 82.15 | 82.15 | 93.73 | 64.33 | 96.26 | 114.88 | 171.44 | 210.22 | 139.87 | 137.98 | 140.13 |
| Days Sales Outstanding | — | 116.54 | 110.88 | 111.19 | 102.85 | 109.61 | 93.01 | 99.78 | 91.15 | 88.64 | 82.31 |
FIX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Comfort Systems USA, Inc. returns 0.4% to shareholders annually — split between a 0.1% dividend yield and 0.3% buyback yield. The payout ratio of 6.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.2% | 0.3% | 0.4% | 0.5% | 0.5% | 0.8% | 0.8% | 0.7% | 0.7% | 0.8% |
| Payout Ratio | 6.7% | 6.7% | 8.2% | 9.4% | 8.2% | 12.1% | 10.3% | 12.7% | 10.9% | 19.9% | 15.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 3.1% | 3.4% | 4.4% | 5.9% | 4.0% | 7.8% | 6.2% | 6.9% | 3.4% | 5.2% |
| FCF Yield | 1.5% | 3.1% | 4.9% | 7.4% | 6.1% | 4.4% | 13.6% | 6.0% | 7.3% | 4.8% | 5.4% |
| Buyback Yield | 0.3% | 0.7% | 0.4% | 0.3% | 0.9% | 0.8% | 1.6% | 1.1% | 1.7% | 0.5% | 1.1% |
| Total Shareholder Yield | 0.4% | 0.9% | 0.7% | 0.7% | 1.4% | 1.2% | 2.4% | 1.8% | 2.5% | 1.2% | 2.0% |
| Shares Outstanding | — | $35M | $36M | $36M | $36M | $36M | $37M | $37M | $38M | $38M | $38M |
Peer Comparison
Compare FIX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FIXYou | $69B | 68.1 | 47.5 | 67.1 | 24.1% | 14.4% | 49.2% | 53.0% | 0.5 |
 MTZ | $30B | 74.9 | 29.9 | 104.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 PWR | $105B | 103.3 | 42.8 | 65.0 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 EME | $37B | 29.7 | 20.1 | 31.3 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 TTEK | $7B | 29.4 | 12.0 | 16.3 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 APOG | $888M | 16.4 | 24.1 | 9.3 | 22.7% | 6.0% | 10.8% | 8.1% | 6.1 |
 IESC | $14B | 47.4 | 33.0 | 64.9 | 25.5% | 11.4% | 39.7% | 37.5% | 0.4 |
 DY | $14B | 47.8 | 16.6 | 34.1 | 20.6% | 12.5% | 18.2% | 16.4% | 3.1 |
 LEN | $22B | 11.2 | 8.6 | 790.5 | 9.9% | 8.0% | 8.3% | 7.9% | 2.2 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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FIX — Frequently Asked Questions
Quick answers to the most common questions about buying FIX stock.
What is Comfort Systems USA, Inc.'s P/E ratio?
Comfort Systems USA, Inc.'s current P/E ratio is 68.1x. The historical average is 21.0x. This places it at the 100th percentile of its historical range.
What is Comfort Systems USA, Inc.'s EV/EBITDA?
Comfort Systems USA, Inc.'s current EV/EBITDA is 47.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is Comfort Systems USA, Inc.'s ROE?
Comfort Systems USA, Inc.'s return on equity (ROE) is 49.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 10.2%.
Is FIX stock overvalued?
Based on historical data, Comfort Systems USA, Inc. is trading at a P/E of 68.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Comfort Systems USA, Inc.'s dividend yield?
Comfort Systems USA, Inc.'s current dividend yield is 0.10% with a payout ratio of 6.7%.
What are Comfort Systems USA, Inc.'s profit margins?
Comfort Systems USA, Inc. has 24.1% gross margin and 14.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Comfort Systems USA, Inc. have?
Comfort Systems USA, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.