Comfort Systems USA Inc (FIX)
Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments: Mechanical and Electrical. It offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection. The company is also involved in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) and related systems in new buildings; and renovation, expansion, maintenance, monitoring, repair, and replacement of systems in existing buildings. In addition, it provides remote monitoring of power usage, temperature, pressure, humidity and air flow for MEP and other building systems. The company serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.
- Symbol
- FIX
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Engineering & Construction
- Market cap
- $57.23B
- 52 week range
- 757 - 2073.99
Valuation
- Share price
- $1625.90 (close of 2026-09-23)
- P/E (TTM)
- 39.97x
- Price to book
- 17.79x
- Price to free cash flow
- 26.50x
- Enterprise value
- $55.70B
- Book value per share
- $91.40
Price performance
| Period | Change |
|---|
| 1 day | -0.41% |
| 5 days | +3.12% |
| 1 month | -1.79% |
| 3 months | -14.79% |
| 6 months | +15.46% |
| Year to date | +74.21% |
| 1 year | +102.17% |
| 3 years | +854.28% |
| 5 years | +2142.93% |
| 10 years | +5449.15% |
| All time | +10061.88% |
Profitability and growth
- Return on equity
- 41.76%
- Return on invested capital
- 53.52%
- Return on assets
- 15.88%
- Return on capital employed
- 43.14%
- Gross margin
- 24.13%
- Net margin
- 11.23%
- EBITDA margin
- 15.13%
- Revenue growth
- 29.52%
- Net income growth
- 95.73%
- Free cash flow growth
- 39.77%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.77%
- Current ratio
- 1.21x
- Net debt to EBITDA
- -0.76x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $9.10B
- Cost of revenue
- $6.91B
- Gross profit
- $2.20B
- EBITDA
- $1.38B
- Net income
- $1.02B
- Earnings per share
- $28.93
- Interest expense
- $9.01M
- Shares outstanding
- 35.35M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $9.10B | $2.20B | $1.02B | $28.93 |
| 2024-12-31 | $7.03B | $1.48B | $522.43M | $14.64 |
| 2023-12-31 | $5.21B | $990.51M | $323.40M | $9.03 |
| 2022-12-31 | $4.14B | $741.61M | $245.95M | $6.84 |
| 2021-12-31 | $3.07B | $563.21M | $143.35M | $3.95 |
| 2020-12-31 | $2.86B | $546.98M | $150.14M | $4.11 |
| 2019-12-31 | $2.62B | $501.94M | $114.32M | $3.10 |
| 2018-12-31 | $2.18B | $446.28M | $112.90M | $3.03 |
| 2017-12-31 | $1.79B | $366.28M | $55.27M | $1.48 |
| 2016-12-31 | $1.63B | $344.01M | $64.90M | $1.74 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 24.13% | 11.23% | 41.76% | 53.52% |
| 2024-12-31 | 21.01% | 7.43% | 30.65% | 41.36% |
| 2023-12-31 | 19.02% | 6.21% | 25.31% | 26.60% |
| 2022-12-31 | 17.91% | 5.94% | 24.60% | 19.06% |
| 2021-12-31 | 18.32% | 4.66% | 17.79% | 11.21% |
| 2020-12-31 | 19.15% | 5.26% | 21.56% | 15.32% |
| 2019-12-31 | 19.19% | 4.37% | 19.53% | 14.90% |
| 2018-12-31 | 20.44% | 5.17% | 22.67% | 21.62% |
| 2017-12-31 | 20.49% | 3.09% | 13.22% | 12.13% |
| 2016-12-31 | 21.05% | 3.97% | 17.23% | 18.84% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $981.90M | $139.06M |
| 2024-12-31 | $549.94M | $62.29M |
| 2023-12-31 | $205.15M | $39.34M |
| 2022-12-31 | $57.21M | $247.25M |
| 2021-12-31 | $58.78M | $385.24M |
| 2020-12-31 | $54.90M | $235.73M |
| 2019-12-31 | $50.79M | $205.32M |
| 2018-12-31 | $45.62M | $73.64M |
| 2017-12-31 | $36.54M | $59.93M |
| 2016-12-31 | $32.07M | $1.96M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $1.03B | $21.81M |
| 2024-12-31 | $737.99M | $16.65M |
| 2023-12-31 | $544.73M | $12.94M |
| 2022-12-31 | $253.17M | $10.53M |
| 2021-12-31 | $157.82M | $10.59M |
| 2020-12-31 | $262.38M | $6.93M |
| 2019-12-31 | $110.28M | $5.88M |
| 2018-12-31 | $119.92M | $7.16M |
| 2017-12-31 | $78.62M | $6.38M |
| 2016-12-31 | $67.97M | $5.04M |
Dividend history
- Most recent payment
- 2026-08-13
- Paid in the last twelve months
- $3.00
| Payment date | Dividend per share |
|---|
| 2026-08-13 | $0.90 |
| 2026-05-15 | $0.80 |
| 2026-03-06 | $0.70 |
| 2025-11-13 | $0.60 |
| 2025-08-14 | $0.50 |
| 2025-05-16 | $0.45 |
| 2025-03-10 | $0.40 |
| 2024-11-14 | $0.35 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-22
- Consensus EPS estimate
- $12.42
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-23 | Jun/2026 | $10.38 |
| 2026-04-23 | - | - |
| 2026-02-19 | - | - |
| 2025-10-23 | - | - |
| 2025-07-24 | - | - |
| 2025-04-24 | - | - |
| 2025-02-20 | - | - |
| 2024-10-24 | - | - |
Filings and sources
- Company website
- comfortsystemsusa.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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