A Business at a Glance
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Comfort Systems USA, Inc., a Delaware corporation, was established in 1997. We provide mechanical and electrical contracting services. Our mechanical segment principally includes heating, ventilation and air conditioning (“HVAC”), plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. Our electrical segment includes installation and servicing of electrical systems. We build, install, maintain, repair and replace mechanical, electrical and plumbing (“MEP”) systems through our 50 operating units with 190 locations in 142 cities throughout the United States. We operate primarily in the commercial, industrial and institutional MEP markets and perform most of our services in manufacturing, healthcare, education, office, technology, retail and government facilities. Substantially all of our consolidated 2025 revenue was derived from commercial, industrial and institutional customers and multi-family residential projects. Approximately 63.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.1B | 9.1B | 7.0B | 5.2B | 4.1B | 3.1B |
| Net Income | 1.0B | 1.0B | 522M | 323M | 246M | 143M |
| EPS | $28.88 | $28.88 | $14.60 | $9.01 | $6.82 | $3.93 |
| Free Cash Flow | 1.0B | 1.0B | 738M | 545M | 253M | 158M |
| ROIC | 54.1% | 128.5% | 65.9% | 31.6% | 20.1% | 12.0% |
| Gross Margin | 24.1% | 24.1% | 21.0% | 19.0% | 17.9% | 18.3% |
| Debt/Equity | 0.19 | 0.19 | 0.17 | 0.19 | 0.38 | 0.62 |
| Dividends/Share | $1.94 | $1.95 | $1.20 | $0.85 | $0.56 | $0.48 |
| Operating Income | 1.3B | 1.3B | 749M | 418M | 254M | 188M |
| Operating Margin | 14.4% | 14.4% | 10.7% | 8.0% | 6.1% | 6.1% |
| ROE | 41.8% | 49.2% | 30.6% | 25.3% | 24.6% | 17.8% |
| Shares Outstanding | 35M | 35M | 36M | 36M | 36M | 36M |
COMFORT SYSTEMS USA INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
COMFORT SYSTEMS USA INC trades at 56.4x trailing earnings, compared to its 15-year median P/E of 20.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 55.5x vs a median of 17.0x. The company's 5-year average ROIC is 51.6% with a gross margin of 20.1%. Total shareholder yield (dividends + buybacks) is 0.5%. At current prices, the estimated annualized return to fair value is +35.1%.
COMFORT SYSTEMS USA INC (FIX) has a current P/E ratio of 56.4, compared to its historical median P/E of 20.6. The stock is currently considered Expensive based on its historical valuation range.
COMFORT SYSTEMS USA INC (FIX) has a 5-year average return on invested capital (ROIC) of 51.6%. This indicates strong capital allocation and a potential competitive advantage.
COMFORT SYSTEMS USA INC (FIX) has a market capitalization of $57.6B. It is classified as a large-cap stock.
Yes, COMFORT SYSTEMS USA INC (FIX) pays a dividend with a trailing twelve-month yield of 0.12%. The company also returns capital through share buybacks, with a buyback yield of 0.37%.
Based on historical P/E analysis, COMFORT SYSTEMS USA INC (FIX) appears expensive. The current P/E of 56.4 is 174% above its historical median of 20.6. The estimated fair value CAGR (P/E method) is 33.5%.
COMFORT SYSTEMS USA INC (FIX) operates in the Electrical Work industry, within the Industrials sector.
COMFORT SYSTEMS USA INC (FIX) reported annual revenue of $9.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
COMFORT SYSTEMS USA INC (FIX) has a net profit margin of 11.2%. This is a healthy margin.
COMFORT SYSTEMS USA INC (FIX) generated $1.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COMFORT SYSTEMS USA INC (FIX) has a debt-to-equity ratio of 0.19. This indicates a conservatively financed balance sheet.
COMFORT SYSTEMS USA INC (FIX) reported earnings per share (EPS) of $28.88 in its most recent fiscal year.
COMFORT SYSTEMS USA INC (FIX) has a return on equity (ROE) of 49.2%. This indicates the company generates strong returns for shareholders.
COMFORT SYSTEMS USA INC (FIX) has a 5-year average gross margin of 20.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for COMFORT SYSTEMS USA INC (FIX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COMFORT SYSTEMS USA INC (FIX) has a book value per share of $69.16, based on its most recent annual SEC filing.