Monday 19 October 2026 Export FIX’s income statement to Excel — free account

Comfort Systems USA, Inc.

FIX Industrials Engineering & Construction

In the quarter to June 2026, revenue grew 50.3%, EPS grew 91.7%, free cash flow grew 349.8% and total debt fell 26.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

1,479.67 40.60 +2.82%

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Market cap: $50.6B
P/E: 35.4×
Fwd P/E: 29.6×
Dividend yield: 0.21%
F-score: 7/9
Altman Z: 7.74
Beneish M: −2.35
Dividend safety: 96/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 12.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	2	—	7	2	2	5	1	—	3	—	—

Insider Ownership 1.20%

Capital & Financial Ratios $m

Market Cap 50,640.00

Revenue 11,228.02

Net Income 1,434.40

Free Cash Flow 2,163.57

Net Debt (1,800.73)

Current Ratio 1.21

Debt/Equity 0.02

P/E ratio 35.36

Fwd P/E 29.60

P/S ratio 4.51

P/B ratio 15.75

Past 5Y EPS Growth 47.83%

This Y EPS Growth 69.87%

Next Y EPS Growth 22.76%

Next Y revenue growth 42.74%

Next 5Y EPS Growth 37.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 88.65%

10-year low 10-year high

P/S against its own 10 years 93.44%

10-year low 10-year high

P/B against its own 10 years 92.89%

10-year low 10-year high

EV/Sales against its own 10 years 93.33%

10-year low 10-year high

EV/FCF against its own 10 years 29.23%

10-year low 10-year high

Dividends

Payout Ratio 0.07

Annual Dividend Rate 3.00

Annual Dividend Yield 0.21%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.27	0.70 0.80 0.90
2025	1.95	0.40 0.45 0.50 0.60
2024	1.20	0.25 0.30 0.30 0.35
2023	0.85	0.18 0.20 0.23 0.25
2022	0.56	0.13 0.14 0.14 0.15
2021	0.48	0.12 0.12 0.12 0.13
2020	0.43	0.11 0.11 0.11 0.11
2019	0.40	0.10 0.10 0.10 0.10
2018	0.33	0.08 0.08 0.09 0.09
2017	0.30	0.07 0.08 0.08 0.08
2016	0.28	0.07 0.07 0.07 0.07

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	205	550	982	1,855
Receivables	1,558	2,043	2,817	3,538
Inventory	66	59	84	105
Other	28	92	89	145
	1,911	2,790	4,111	5,788

	2023	2024	2025	Q'26
Payables	420	655	696	772
ST’ Debt	5	6	6	0
Other	1,099	1,651	2,357	3,553
	1,721	2,583	3,394	4,769

Compound Annual Growth %

	10y	5y	3y
Sales	19.13%	26.08%	30.03%
Cash Flow	28.34%	32.87%	57.87%
Earnings	35.40%	46.77%	60.80%
Book Value	20.97%	28.59%	34.79%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,865	3,266	—	—	—
’25	1,831	2,173	2,451	2,646	9,102
’24	1,537	1,810	1,812	1,868	7,027
’23	1,175	1,296	1,378	1,358	5,207
’22	885	1,018	1,120	1,117	4,140
’21	670	714	834	856	3,074
’20	700	743	714	699	2,857

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	389	1,139	—	—	—
’25	(88)	252	553	469	1,186
’24	147	190	302	210	849
’23	127	125	214	173	640
’22	64	45	61	132	302
’21	85	25	43	27	180
’20	22	142	53	70	287

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	242	999	—	—	—
’25	(109)	222	519	403	1,035
’24	123	167	282	172	744
’23	111	102	189	149	551
’22	56	34	47	119	256
’21	80	21	38	22	161
’20	6	42	37	66	265

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	10.51	12.53	—	—	—
’25	4.75	6.53	8.25	9.37	28.88
’24	2.69	3.74	4.09	4.09	14.60
’23	1.59	1.93	2.93	2.55	9.01
’22	2.40	1.17	1.71	1.54	6.82
’21	0.73	0.90	1.27	1.04	3.93
’20	0.48	1.08	1.36	1.17	4.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.22	31.90	39.40	36.27	27.54	51.12	74.14	111.28	194.30	276.44	Analyst estimates 2026–2028 Powerpack
	High	35.25	44.80	59.83	58.21	58.14	103.74	128.68	211.61	510.79	1,036.67
People
People	Employees	7,700	8,700	9,900	12,000	11,100	13,200	14,100	15,800	18,300	22,700
	Revenue/emp, $m	0.21	0.21	0.22	0.22	0.26	0.23	0.29	0.33	0.38	0.40
Income, $m
Income, $m	Revenue	1,634	1,788	2,183	2,615	2,857	3,074	4,140	5,207	7,027	9,102
	Gross margin, %	21.05	20.49	20.44	19.19	19.15	18.32	17.91	19.02	21.01	24.13
	EBT	101	101	149	152	192	190	236	388	667	1,293
	EBT margin, %	6.18	5.65	6.81	5.80	6.71	6.19	5.70	7.46	9.49	14.21
	Net income	65	55	113	114	150	143	246	323	522	1,023
	Depreciation	27	39	43	52	61	69	82	82	146	143
Per share, $
Per share, $	Revenue	43.78	48.01	58.68	70.96	78.17	84.71	115.23	145.43	196.91	257.48
	Earnings	1.74	1.48	3.03	3.10	4.11	3.95	6.84	9.03	14.64	28.93
	Cash flow	2.44	3.06	3.96	3.85	7.84	4.96	8.39	17.86	23.79	33.56
	Capex	(2.12)	(3.46)	(2.57)	(6.13)	(0.60)	(0.53)	(1.27)	(2.48)	(2.96)	(4.28)
	Free cash flow	0.32	(0.40)	1.38	(2.28)	7.24	4.43	7.13	15.38	20.83	29.28
	Book value	10.09	11.22	13.39	15.88	19.06	22.20	27.83	35.69	47.76	69.27
	Shares, m	37	37	37	37	37	36	36	36	36	35
Valuation, ×
Valuation, ×	P/E	19.19	29.39	14.42	16.08	12.81	24.98	17.12	22.38	28.95	32.24
	P/S	0.76	0.91	0.74	0.70	0.67	1.17	1.02	1.39	2.15	3.62
	P/B	3.29	3.88	3.26	3.14	2.76	4.46	4.21	5.66	8.88	13.47
	EV/Sales	0.74	0.92	0.76	0.77	0.74	1.28	1.06	1.36	2.09	3.53
	EV/FCF	101.95	(110.49)	32.17	(23.95)	13.99	81.69	30.80	16.16	23.24	34.87
Cash, $m
Cash, $m	Operating cash flow	91	114	147	142	287	180	302	640	849	1,186
	Capex	(79)	(129)	(96)	(226)	(22)	(19)	(46)	(89)	(106)	(151)
	Free cash flow	12	(15)	51	(84)	265	161	256	551	744	1,035
Balance, $m
Balance, $m	Working capital	98	116	143	182	119	191	137	190	207	717
	Total debt	3	61	77	226	253	388	256	44	68	145
	Net debt	(29)	24	31	175	198	329	199	(161)	(482)	(837)
	Shareholders’ equity	377	418	498	585	696	806	1,000	1,278	1,705	2,449
Returns, %
Returns, %	ROA	9.27	6.95	11.62	8.91	9.20	7.23	10.23	10.96	13.03	18.34
	ROIC	18.28	14.04	17.74	13.45	13.32	10.38	13.23	23.41	38.29	50.97
	ROE	17.50	13.91	24.65	21.11	23.43	19.09	27.24	28.40	35.03	49.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 10.38 Actual 12.53

5.23 7.34 9.45 11.56 13.68

Q3 FY25 Beat +2.05

Q4 FY25 Beat +2.60

Q1 FY26 Beat +3.32

Q2 FY26 Beat +2.15

Q3 FY26 — Oct 22

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	6.20	8.25	Beat by 2.05
Q4 FY25	6.77	9.37	Beat by 2.60
Q1 FY26	7.19	10.51	Beat by 3.32
Q2 FY26	10.38	12.53	Beat by 2.15
Q3 FY26	12.70	—	Reports 22 October 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PWR Quanta Services, Inc.	$95.0B	71.2×	54.5×	+41.10% (above 0%: growing)	+95.45% (above 0%: growing)	+405.61% (above 0%: growing)	16.17%	7.27%	Compare
FIX Comfort Systems USA, Inc.	$50.6B	35.4×	29.6×	+50.26% (above 0%: growing)	+91.74% (above 0%: growing)	+349.76% (above 0%: growing)	25.85%	17.09%
FER Ferrovial N.V.	$35.6B	—	—	—	—	—	—	—	Compare
EME EMCOR Group, Inc.	$31.8B	22.4×	22.0×	+19.76% (above 0%: growing)	+34.87% (above 0%: growing)	+55.56% (above 0%: growing)	19.83%	10.62%	Compare
APG APi Group Corporation	$17.5B	— (loss-making)	41.4×	+13.27% (above 0%: growing)	+23.53% (above 0%: growing)	−12.90% (below 0%: shrinking)	31.19%	7.76%	Compare
J Jacobs Solutions Inc.	$16.5B	49.7×	37.1×	+34.46% (above 0%: growing)	−25.16% (below 0%: shrinking)	+59.31% (above 0%: growing)	19.89%	7.03%	Compare
MTZ MasTec, Inc.	$15.3B	30.1×	30.9×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%	Compare
STRL Sterling Infrastructure, Inc.	$13.0B	30.1×	24.2×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.2B	22.1×	21.8×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%	Compare
Median of peers	$17.0B	30.1×	30.9×	+34.46%	+51.82%	+55.30%	19.89%	7.76%

All 52 Engineering & Construction stocks →

Comfort Systems USA, Inc. (FIX) key facts

Strength: Net income was $1.0 billion, or $28.93 per share (basic), a net margin of 11.2%.
Comfort Systems USA, Inc. (FIX) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 19, 2026, FIX traded at $1,481.13, a market capitalization of $50.6 billion.
At that price the stock trades at 35.4× trailing-twelve-month earnings and 4.5× sales; its P/E is higher than 89% of its own readings over the past ten years.
Comfort Systems USA, Inc. pays an annual dividend of $3.00 per share, a yield of 0.21%, with a payout ratio of 7.38%.
Return on equity was 49.2% and debt-to-equity 0.02.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 7.74 (safe zone) for fiscal 2025.