Comfort Sys Usa Financials
This page shows Comfort Sys Usa (FIX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is turning into outsized profit and cash buildup, revealing a business getting more efficient as it scales.
Between FY2023 and FY2025, operating margin climbed from8.0% to14.4% , which means each added sales dollar carried much more profit instead of being absorbed by labor, materials, or overhead. Meanwhile, free cash flow reached$1.03B while long-term debt was only$139M , so the recent expansion appears to be self-financed rather than debt-financed.
Liquidity looks actively managed rather than padded: the current ratio was only 1.2x even with
This is also a low-capital-intensity model: FY2025 capital spending was
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Comfort Sys Usa's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Comfort Sys Usa has an operating margin of 11.4%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is up from 10.7% the prior year.
Comfort Sys Usa's revenue declined 73.9% year-over-year, from $7.0B to $1.8B. This contraction results in a growth score of 0/100.
Comfort Sys Usa carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Comfort Sys Usa's current ratio of 1.21 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Comfort Sys Usa converts 56.3% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 100/100.
Comfort Sys Usa earns a strong 41.8% return on equity (ROE), meaning it generates $42 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 89/100. This is up from 30.6% the prior year.
Comfort Sys Usa scores 10.18, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($60.5B) relative to total liabilities ($4.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Comfort Sys Usa passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Comfort Sys Usa generates $1.16 in operating cash flow ($1.2B OCF vs $1.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Comfort Sys Usa earns $23.2 in operating income for every $1 of interest expense ($209.1M vs $9.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Comfort Sys Usa generated $1.8B in revenue in fiscal year 2026. This represents a decrease of 73.9% from the prior year.
Comfort Sys Usa's EBITDA was $271.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 66.0% from the prior year.
Comfort Sys Usa reported $1.0B in net income in fiscal year 2026. This represents an increase of 95.7% from the prior year.
Comfort Sys Usa earned $28.88 per diluted share (EPS) in fiscal year 2026. This represents an increase of 97.8% from the prior year.
Cash & Balance Sheet
Comfort Sys Usa generated $1.0B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 39.8% from the prior year.
Comfort Sys Usa held $981.9M in cash against $139.1M in long-term debt as of fiscal year 2026.
Comfort Sys Usa paid $1.95 per share in dividends in fiscal year 2026. This represents an increase of 62.5% from the prior year.
Comfort Sys Usa had 35M shares outstanding in fiscal year 2026. This represents a decrease of 1.1% from the prior year.
Margins & Returns
Comfort Sys Usa's gross margin was 22.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Comfort Sys Usa's operating margin was 11.4% in fiscal year 2026, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Comfort Sys Usa's net profit margin was 55.8% in fiscal year 2026, showing the share of revenue converted to profit. This is up 48.4 percentage points from the prior year.
Comfort Sys Usa's ROE was 41.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 11.1 percentage points from the prior year.
Capital Allocation
Comfort Sys Usa spent $216.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 273.0% from the prior year.
Comfort Sys Usa invested $154.9M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 39.5% from the prior year.
FIX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | N/A | $2.5B+12.8% | $2.2B+18.7% | $1.8B-2.0% | $1.9B+3.1% | $1.8B+0.1% | $1.8B |
| Cost of Revenue | $2.1B | N/A | $1.8B+10.8% | $1.7B+16.5% | $1.4B-0.4% | $1.4B+0.2% | $1.4B-1.1% | $1.4B |
| Gross Profit | $754.4M | N/A | $607.9M+19.2% | $509.9M+26.4% | $403.4M-7.0% | $433.7M+13.6% | $381.7M+5.0% | $363.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $269.0M | N/A | $229.6M+9.1% | $210.5M+8.0% | $194.9M-6.1% | $207.6M+15.2% | $180.2M+0.4% | $179.5M |
| Operating Income | $485.7M | N/A | $378.9M+26.3% | $299.9M+43.4% | $209.1M-7.6% | $226.4M+11.6% | $202.9M+9.9% | $184.7M |
| Interest Expense | $2.2M | N/A | $3.0M+85.3% | $1.6M-0.9% | $1.6M+2.7% | $1.6M-8.9% | $1.7M+1.2% | $1.7M |
| Income Tax | $111.8M | N/A | $78.8M+20.1% | $65.6M+69.5% | $38.7M-3.6% | $40.2M-3.4% | $41.6M+16.6% | $35.6M |
| Net Income | $370.4M | N/A | $291.6M+26.3% | $230.8M+36.4% | $169.3M+16.1% | $145.9M-0.2% | $146.2M+9.1% | $134.0M |
| EPS (Diluted) | $10.51 | N/A | $8.25+26.3% | $6.53+37.5% | $4.75 | N/A | $4.09+9.4% | $3.74 |
FIX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.9B+7.7% | $6.4B+11.5% | $5.8B+14.1% | $5.1B+10.8% | $4.6B-3.0% | $4.7B+6.8% | $4.4B+4.7% | $4.2B |
| Current Assets | $4.5B+9.5% | $4.1B+11.0% | $3.7B+21.7% | $3.0B+17.2% | $2.6B-6.9% | $2.8B+10.0% | $2.5B+9.2% | $2.3B |
| Cash & Equivalents | $1.1B+7.0% | $981.9M+14.1% | $860.5M+159.4% | $331.7M+62.0% | $204.8M-62.8% | $549.9M+32.3% | $415.6M+108.4% | $199.4M |
| Inventory | $93.9M+11.8% | $84.1M+6.6% | $78.8M+11.4% | $70.7M+12.2% | $63.0M+6.5% | $59.2M+6.4% | $55.7M-12.7% | $63.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.0B0.0% | $1.0B+10.5% | $928.2M0.0% | $927.8M+2.4% | $905.8M+3.5% | $875.3M0.0% | $875.2M0.0% | $874.9M |
| Total Liabilities | $4.1B+3.3% | $4.0B+12.6% | $3.5B+14.6% | $3.1B+10.8% | $2.8B-7.1% | $3.0B+6.4% | $2.8B+3.4% | $2.7B |
| Current Liabilities | $3.6B+7.0% | $3.4B+11.9% | $3.0B+12.3% | $2.7B+12.0% | $2.4B-6.6% | $2.6B+6.3% | $2.4B+4.0% | $2.3B |
| Long-Term Debt | $39.1M-71.9% | $139.1M+5.9% | $131.3M+114.1% | $61.3M-3.8% | $63.8M+2.4% | $62.3M0.0% | $62.3M-15.1% | $73.4M |
| Total Equity | $2.8B+15.0% | $2.4B+9.6% | $2.2B+13.3% | $2.0B+10.9% | $1.8B+4.2% | $1.7B+7.4% | $1.6B+7.1% | $1.5B |
| Retained Earnings | $2.9B+13.4% | $2.6B+13.6% | $2.3B+13.7% | $2.0B+12.1% | $1.8B+9.5% | $1.6B+8.9% | $1.5B+10.0% | $1.4B |
FIX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $388.8M-17.0% | $468.5M-15.3% | $553.3M+119.1% | $252.5M+387.1% | -$88.0M-141.8% | $210.5M-30.4% | $302.2M+59.2% | $189.9M |
| Capital Expenditures | $147.5M+123.1% | $66.1M+87.1% | $35.3M+13.0% | $31.3M+40.8% | $22.2M-45.4% | $40.7M+84.4% | $22.1M-5.7% | $23.4M |
| Free Cash Flow | $241.4M-40.0% | $402.4M-22.3% | $517.9M+134.1% | $221.2M+300.8% | -$110.2M-164.9% | $169.8M-39.4% | $280.1M+68.3% | $166.5M |
| Investing Cash Flow | -$184.0M+20.4% | -$231.3M-336.3% | -$53.0M+38.5% | -$86.2M+10.9% | -$96.8M-145.1% | -$39.5M-82.9% | -$21.6M+64.5% | -$60.8M |
| Financing Cash Flow | -$136.6M-17.8% | -$115.9M-505.9% | $28.6M+172.6% | -$39.3M+75.5% | -$160.4M-338.2% | -$36.6M+43.2% | -$64.4M-111.6% | -$30.4M |
| Dividends Paid | $24.6M+16.4% | $21.2M+19.9% | $17.6M+11.2% | $15.9M+12.1% | $14.2M+13.8% | $12.4M+16.4% | $10.7M-0.2% | $10.7M |
| Share Buybacks | $2.5M-97.2% | $91.6M+597.1% | $13.1M-34.1% | $19.9M-78.2% | $91.4M+475.1% | $15.9M-48.6% | $30.9M+184.8% | $10.8M |
FIX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.3% | N/A | 24.8%+1.3pp | 23.5%+1.4pp | 22.0%-1.2pp | 23.2%+2.2pp | 21.1%+1.0pp | 20.1% |
| Operating Margin | 17.0% | N/A | 15.5%+1.7pp | 13.8%+2.4pp | 11.4%-0.7pp | 12.1%+0.9pp | 11.2%+1.0pp | 10.2% |
| Net Margin | 12.9% | N/A | 11.9%+1.3pp | 10.6%+1.4pp | 9.2%+1.4pp | 7.8%-0.3pp | 8.1%+0.7pp | 7.4% |
| Return on Equity | 13.2% | N/A | 13.1%+1.3pp | 11.7%+2.2pp | 9.5%+1.0pp | 8.6%-0.7pp | 9.2%+0.2pp | 9.0% |
| Return on Assets | 5.3% | N/A | 5.1%+0.5pp | 4.6%+0.9pp | 3.7%+0.6pp | 3.1%-0.2pp | 3.3%+0.1pp | 3.2% |
| Current Ratio | 1.24+0.0 | 1.21-0.0 | 1.22+0.1 | 1.13+0.1 | 1.080.0 | 1.08+0.0 | 1.04+0.0 | 0.99 |
| Debt-to-Equity | 0.01-0.0 | 0.060.0 | 0.06+0.0 | 0.030.0 | 0.040.0 | 0.040.0 | 0.04-0.0 | 0.05 |
| FCF Margin | 8.4% | N/A | 21.1%+10.9pp | 10.2%+16.2pp | -6.0%-15.1pp | 9.1%-6.4pp | 15.5%+6.3pp | 9.2% |
Similar Companies
Frequently Asked Questions
What is Comfort Sys Usa's annual revenue?
Comfort Sys Usa (FIX) reported $1.8B in total revenue for fiscal year 2026. This represents a -73.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Comfort Sys Usa's revenue growing?
Comfort Sys Usa (FIX) revenue declined by 73.9% year-over-year, from $7.0B to $1.8B in fiscal year 2026.
Is Comfort Sys Usa profitable?
Yes, Comfort Sys Usa (FIX) reported a net income of $1.0B in fiscal year 2026, with a net profit margin of 55.8%.
What is Comfort Sys Usa's EBITDA?
Comfort Sys Usa (FIX) had EBITDA of $271.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Comfort Sys Usa have?
As of fiscal year 2026, Comfort Sys Usa (FIX) had $981.9M in cash and equivalents against $139.1M in long-term debt.
What is Comfort Sys Usa's gross margin?
Comfort Sys Usa (FIX) had a gross margin of 22.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Comfort Sys Usa's operating margin?
Comfort Sys Usa (FIX) had an operating margin of 11.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Comfort Sys Usa's net profit margin?
Comfort Sys Usa (FIX) had a net profit margin of 55.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Comfort Sys Usa pay dividends?
Yes, Comfort Sys Usa (FIX) paid $1.95 per share in dividends during fiscal year 2026.
What is Comfort Sys Usa's return on equity (ROE)?
Comfort Sys Usa (FIX) has a return on equity of 41.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Comfort Sys Usa's free cash flow?
Comfort Sys Usa (FIX) generated $1.0B in free cash flow during fiscal year 2026. This represents a 39.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Comfort Sys Usa's operating cash flow?
Comfort Sys Usa (FIX) generated $1.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Comfort Sys Usa's total assets?
Comfort Sys Usa (FIX) had $6.4B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Comfort Sys Usa's capital expenditures?
Comfort Sys Usa (FIX) invested $154.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Comfort Sys Usa's current ratio?
Comfort Sys Usa (FIX) had a current ratio of 1.21 as of fiscal year 2026, which is considered adequate.
What is Comfort Sys Usa's debt-to-equity ratio?
Comfort Sys Usa (FIX) had a debt-to-equity ratio of 0.06 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Comfort Sys Usa's return on assets (ROA)?
Comfort Sys Usa (FIX) had a return on assets of 15.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Comfort Sys Usa's Altman Z-Score?
Comfort Sys Usa (FIX) has an Altman Z-Score of 10.18, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Comfort Sys Usa's Piotroski F-Score?
Comfort Sys Usa (FIX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Comfort Sys Usa's earnings high quality?
Comfort Sys Usa (FIX) has an earnings quality ratio of 1.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Comfort Sys Usa cover its interest payments?
Comfort Sys Usa (FIX) has an interest coverage ratio of 23.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Comfort Sys Usa?
Comfort Sys Usa (FIX) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.