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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%
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 (at or below 0.5: strong)
P/E ratio 35.36 (above 35: high)
Fwd P/E 29.60
P/S ratio 4.51
P/B ratio 15.75 (above 6: high)
Past 5Y EPS Growth 47.83% (at or above 15%: strong)
This Y EPS Growth 69.87% (at or above 15%: strong)
Next Y EPS Growth 22.76% (at or above 15%: strong)
Next Y revenue growth 42.74% (at or above 10%: strong)
Next 5Y EPS Growth 37.08% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.4×, against a ten-year median of 1.0×; over the ten years it ranged from 0.5× in 2020 to 6.3× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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

Comfort Systems USA, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

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 →

FIX metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations.

Comfort Systems USA, Inc. (FIX) Latest News

21 Apr

Impact 5 ·

20 Feb

Impact 5 ·
stockrow.com/FIX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com