EMCOR Group, Inc. (EME) vs Comfort Systems USA, Inc. (FIX)

EMCOR Group, Inc. and Comfort Systems USA, Inc. are both Engineering & Construction companies. Comfort Systems USA, Inc. is the larger, with a market value of $58.3B against $35.0B — 1.7× the size. EMCOR Group, Inc. trades at the lower P/E: 23.6× against 40.7×. Comfort Systems USA, Inc. grew revenue faster over the last twelve months: 46.1% against 18.9%. Comfort Systems USA, Inc. has the higher net margin (12.8% vs 7.74%) and the higher return on invested capital (81.6% vs 38.2%). Both pay a dividend; Comfort Systems USA, Inc. yields more (0.36% vs 0.29%). Across the 23 metrics below, Comfort Systems USA, Inc. leads on 13 and EMCOR Group, Inc. on 10.

Valuation

Metric EME FIX Engineering & Construction median
P/E 23.63 40.67 28.59
P/S 1.82 5.19 1.15
P/B 8.30 18.12 3.96
Price to free cash flow 28.80 28.43 25.24
EV/EBITDA 15.54 28.17 14.87
EV/Sales 1.78 5.03 1.42
Earnings yield 4.23% 2.46% 2.47%
Free cash flow yield 3.47% 3.52% 1.91%

Profitability

Metric EME FIX Engineering & Construction median
Gross margin 19.43% 25.66% 18.76%
Operating margin 10.38% 16.47% 6.26%
Net margin 7.74% 12.78% 2.23%
Free cash flow margin 6.32% 19.27% 1.83%
Return on equity 40.35% 55.29% 7.90%
Return on assets 15.51% 21.17% 0.87%
Return on invested capital 38.24% 81.59% 2.52%

Growth

Metric EME FIX Engineering & Construction median
Revenue growth (TTM) 18.92% 46.11% 16.67%
EPS growth (last fiscal year) 30.99% 97.81% —
Revenue growth, 5-year CAGR 14.07% 26.08% 11.76%
Net income growth, 5-year CAGR 57.12% 46.77% 0.00%

Health

Metric EME FIX Engineering & Construction median
Debt to equity 0.00 0.02 0.40
Current ratio 1.28 1.21 1.39
Net debt to EBITDA (0.59) (0.57) 0.38

Dividend

Metric EME FIX Engineering & Construction median
Dividend yield 0.29% 0.36% 0.65%
Payout ratio 0.06 0.10 0.00

Size

Metric EME FIX Engineering & Construction median
Market cap 34.98b 58.25b 1.31b

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