Comfort Systems USA, Inc. FIX SPX

Industrials · Engineering & Construction · United States

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.

Market & Price

Market Cap

$64.32B

Current Price

$1,828.21

High / Low (52W)

$2,041.56 / $476.01

Beta

1.71

Valuation

Stock P/E

52.91

Industry PE

28.38

Forward P/E

34.37

PEG Ratio

1.44

Book Value

$18.36

Price to Book

99.60

P/S

6.35

EV/EBITDA

38.46

Dividend Yield

0.14%

Profitability & Returns

ROCE

42.67%

ROE

53.29%

ROA

17.27%

Profit Margin

12.07%

Op Margin

7.89%

EPS (Latest Qtr)

$10.51

EPS (TTM)

$34.55

Balance Sheet & Liquidity

Debt/Equity

0.45

Quick Ratio

1.18

Current Ratio

1.24

Debt

$303.92M

Total Assets

$6.44B

Current Assets

$4.11B

Working Capital

$716.70M

Ownership

Promoter Holding

1.18%

Chg in Prom Hold

-0.00%

FII / Inst Holding

96.50%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$66.77B

Total Revenue (TTM)

$10.14B

EBITDA

$1.74B

Free Cash Flow

$1.10B

Operating Cash Flow

$1.66B

Shares Outstanding

35.18M

Gross Margin

25.13%

Payout Ratio

6.50%

Growth (CAGR)

Revenue 5Y

30.03%

Profit 5Y

60.80%

Revenue (YoY)

1.00%

Earnings (YoY)

38.80%

PROS

Strong return on equity of 53.3%.
Healthy ROCE of 42.7%.
Compounding revenue at 30.0% over 5 years.
Profit CAGR of 60.8% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 52.9.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FIX Comfort Systems USA, Inc. SPX	1,828.21	52.91	$64.32B	0.14%	42.67%	53.29%	30.03%	60.80%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	464.94M	535.04M	594.54M	-	538.47M	650.30M	706.92M	-	700.13M	743.47M	714.10M	-	669.76M	-	-	-	-	-	-	-	-	-	-	-	-	1.83B	2.17B	2.45B	2.65B	2.87B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.43B	1.66B	1.84B	1.97B	2.11B
Gross Profit	87.47M	83.93M	73.50M	89.43M	92.82M	88.27M	75.95M	95.74M	100.86M	93.73M	89.05M	111.18M	127.87M	118.17M	106.67M	120.02M	142.70M	132.56M	117.09M	145.69M	147.20M	137.00M	123.47M	126.45M	159.21M	153.14M	174.99M	202.22M	205.41M	227.92M	277.50M	297.36M	363.60M	381.71M	-	403.42M	509.90M	607.87M	674.72M	754.41M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	194.87M	210.47M	229.58M	248.37M	269.00M
Operating Income	29.86M	-	15.46M	28.61M	31.95M	-	11.76M	29.27M	34.34M	-	19.24M	40.17M	52.79M	-	27.98M	35.70M	53.40M	-	24.72M	60.96M	56.69M	-	35.60M	39.40M	64.11M	35.69M	56.65M	81.44M	70.89M	92.08M	135.14M	135.46M	184.67M	202.88M	-	208.54M	299.43M	378.29M	426.35M	485.42M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	243.76M	332.74M	409.01M	456.89M	523.28M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.62M	1.60M	2.97M	783.00K	2.18M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208.01M	296.48M	370.46M	418.50M	482.15M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38.72M	65.64M	78.84M	87.69M	111.77M
Net Income	17.67M	13.22M	9.76M	17.72M	20.47M	-	7.48M	17.97M	22.28M	7.54M	16.66M	32.55M	38.54M	25.16M	19.87M	24.17M	36.23M	34.05M	17.72M	39.49M	50.09M	42.84M	26.49M	32.97M	46.30M	86.76M	42.25M	61.52M	57.22M	69.48M	105.12M	96.32M	134.01M	146.24M	-	169.29M	230.85M	291.62M	330.81M	370.38M
Diluted EPS	0.46	0.35	0.26	0.47	0.54	0.45	0.20	0.48	0.59	0.20	0.44	0.87	1.02	0.67	0.53	0.65	0.98	0.92	0.48	1.08	1.36	1.17	0.73	0.90	1.27	2.40	1.17	1.71	1.59	1.93	2.93	2.69	3.74	4.09	4.09	4.75	6.53	8.25	-	10.51

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	2.18B	2.62B	2.86B	-	4.14B	5.21B	7.03B	9.10B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	3.40B	4.22B	5.55B	6.91B
Gross Profit	225.55M	189.93M	181.53M	207.62M	239.88M	249.77M	318.13M	344.01M	366.28M	446.28M	501.94M	546.98M	563.21M	741.61M	990.51M	1.48B	2.20B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	489.34M	574.42M	730.07M	883.28M
Operating Income	56.63M	31.44M	-42.64M	22.30M	46.26M	42.22M	90.04M	101.57M	99.26M	150.24M	163.64M	190.65M	188.44M	252.26M	416.09M	746.34M	1.31B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	329.30M	478.63M	817.10M	1.44B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	12.10M	8.87M	5.05M	6.98M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	235.86M	388.19M	666.56M	1.29B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-10.09M	64.80M	144.13M	270.89M
Net Income	-	-	-	-	27.27M	23.06M	49.36M	64.90M	55.27M	112.90M	114.32M	150.14M	143.35M	245.95M	323.40M	522.43M	1.02B
Diluted EPS	0.89	0.39	-0.99	0.36	0.73	0.61	1.30	1.72	1.47	3.00	3.08	4.09	3.93	6.82	9.01	14.60	28.88

Compounded Sales Growth

5 Years:	30.03%
1 Year:	1.00%

Compounded Profit Growth

5 Years:	60.80%
1 Year:	38.80%

Stock Price Performance

1 Year:	+283.14%
6 Months:	+91.20%
3 Months:	+28.02%
1 Month:	+6.08%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	640.02M	593.98M	580.75M	601.82M	655.94M	691.59M	708.90M	881.12M	1.06B	1.51B	1.76B	-	2.60B	3.31B	4.71B	6.44B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.31B	1.91B	2.79B	4.11B
Cash & Equivalents	117.02M	127.85M	86.35M	51.24M	40.76M	52.05M	32.06M	56.46M	32.07M	36.54M	45.62M	50.79M	54.90M	-	57.21M	205.15M	549.94M	981.90M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35.31M	65.54M	59.22M	84.07M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02B	1.32B	1.86B	2.58B
Total Liabilities	-	-	327.24M	310.87M	293.45M	287.80M	334.55M	326.59M	332.27M	463.18M	564.52M	919.71M	1.06B	-	1.60B	2.03B	3.01B	3.99B
Current Liabilities	-	-	268.21M	280.78M	268.59M	269.44M	282.34M	305.39M	317.68M	373.73M	467.06M	608.00M	692.90M	-	1.17B	1.72B	2.58B	3.39B
Long Term Debt	-	-	-	2.40M	2.10M	-	39.50M	10.50M	1.96M	59.93M	73.64M	205.32M	235.73M	-	247.25M	39.34M	62.29M	139.06M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	389.14M	256.77M	308.60M	483.36M
Total Equity	-	-	312.78M	264.59M	270.40M	295.83M	306.28M	346.72M	376.63M	417.94M	498.05M	585.30M	696.43M	-	999.92M	1.28B	1.70B	2.45B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.12M	41.12M	41.12M	41.12M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	54.25M	32.15M	29.68M	30.51M	38.42M	42.55M	97.87M	91.19M	114.09M	147.19M	142.03M	286.51M	-	301.53M	639.57M	849.06M	1.19B
Investing Cash Flow	-18.82M	-43.00M	-35.75M	-23.17M	-16.25M	-74.14M	-25.63M	-79.32M	-128.97M	-95.71M	-224.45M	-207.80M	-	-97.18M	-193.01M	-343.51M	-467.27M
Financing Cash Flow	-24.59M	-30.65M	-29.04M	-17.82M	-10.87M	11.60M	-47.84M	-36.26M	19.35M	-42.40M	87.59M	-74.60M	-	-205.91M	-298.62M	-160.76M	-287.12M
Capital Expenditure	-9.46M	-7.09M	-8.67M	-11.78M	-17.40M	-19.18M	-20.81M	-23.22M	-35.47M	-27.27M	-31.75M	-24.13M	-	-48.36M	-94.84M	-111.07M	-154.90M
Free Cash Flow	44.79M	25.06M	21.01M	18.73M	21.02M	23.37M	77.06M	67.97M	78.62M	119.92M	110.28M	262.38M	-	253.17M	544.73M	737.99M	1.03B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.56M	147.94M	344.79M	431.96M
Share Buybacks	12.58M	5.07M	7.26M	2.86M	1.83M	7.97M	8.33M	13.09M	9.01M	28.53M	19.55M	30.12M	27.05M	38.22M	21.18M	57.91M	216.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	20.4%	19.2%	19.1%	-	17.9%	19.0%	21.0%	24.1%
Operating Margin %	-	-	-	-	-	-	-	-	-	6.9%	6.3%	6.7%	-	6.1%	8.0%	10.6%	14.4%
Net Margin %	-	-	-	-	-	-	-	-	-	5.2%	4.4%	5.3%	-	5.9%	6.2%	7.4%	11.2%
ROE %	-	-	-	-	9.2%	7.5%	14.2%	17.2%	13.2%	22.7%	19.5%	21.6%	-	24.6%	25.3%	30.6%	41.8%
ROCE %	-	8.5%	-13.6%	7.1%	13.9%	11.3%	23.3%	26.0%	19.6%	25.2%	18.2%	17.9%	-	17.7%	26.3%	35.1%	43.1%

Shareholding Pattern

Insiders

1.18%

Institutions

96.50%

Public Float

97.65%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	9.98%	3.51M	$6.42B
2	Vanguard Capital Management LLC	6.49%	2.29M	$4.18B
3	Vanguard Portfolio Management LLC	5.34%	1.88M	$3.44B
4	State Street Corporation	4.18%	1.47M	$2.69B
5	FMR, LLC	4.12%	1.45M	$2.65B
6	Geode Capital Management, LLC	3.52%	1.24M	$2.26B
7	AQR Capital Management, LLC	3.17%	1.12M	$2.04B
8	JPMORGAN CHASE & CO	2.53%	889.89K	$1.63B
9	Capital World Investors	2.46%	865.78K	$1.58B
10	Westfield Capital Management Co LP	1.76%	620.91K	$1.14B

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