FIXNYSEElectrical WorkFiscal year ends December 31
COMFORT SYSTEMS USA INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$1464.07+25.00 (+1.74%)
Close on Oct 19, 2026
- Market cap
- $51.61B
- P/E (TTM)
- 36.0
- Dividend yield
- 0.13%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
22.0%+2.9 pts over 5 years
Operating margin
11.4%+4.7 pts over 5 years
Net margin
55.8%+50.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -73.9% | -23.8% | -8.5% | +1.5% | |
| Gross profit | -72.7% | -18.4% | -5.9% | +2.4% | |
| Operating income | -72.1% | -6.3% | +1.9% | +8.8% | |
| Net income | +95.7% | +60.8% | +46.8% | +35.4% | |
| EPS, diluted | +97.8% | +61.8% | +47.8% | +36.4% | |
| Free cash flow | +39.8% | +59.7% | +31.5% | +29.6% | |
| Dividend per share | +62.5% | +51.6% | +35.6% | +22.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.9% | 23.4% | 49.2% | |
| Return on assets | 9.3% | 9.2% | 18.3% | |
| Current ratio | 1.31 | 1.17 | 1.21 | |
| Debt to equity | 0.01 | 0.34 | 0.06 | |
| Net debt to EBITDA | – | 0.83× | -3.08× | |
| Interest coverage | 43.3× | 22.7× | 23.2× | |
| Inventory turnover | 150.5× | 196.4× | 19.9× | |
| Capex to revenue | 1.4% | 0.8% | 8.5% | |
| Diluted shares | 38M | 37M | 35M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Comfort Systems Usa generated $3.16B from operations and spent $971.31M on capital expenditure, dividends and share buybacks. 44% of that went back into the business.
Generated
$3.16B
Used
$971.31M
Capital expenditure$431.50M44%Dividends$179.44M18%Share buybacks$360.37M37%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin55.8%
×Asset turnover0.33×
×Equity multiplier2.69×
=Return on equity, FY202549.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 55.8% | 0.33× | 2.69× | 49.2% |
| FY2024 | 7.4% | 1.75× | 2.69× | 35.0% |
| FY2023 | 6.2% | 1.76× | 2.59× | 28.4% |
| FY2022 | 5.9% | 1.72× | 2.66× | 27.2% |
| FY2021 | 4.7% | 1.55× | 2.64× | 19.1% |
| FY2020 | 5.3% | 1.75× | 2.55× | 23.4% |
| FY2019 | 4.4% | 2.04× | 2.37× | 21.1% |
| FY2018 | 5.2% | 2.25× | 2.12× | 24.7% |
| FY2017 | 3.1% | 2.25× | 2.00× | 13.9% |
| FY2016 | 4.0% | 2.33× | 1.94× | 17.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.02B
- Cash generatingOperating cash flow above zero$1.19B
- Return on assets improvedROA up on the prior year15.8% → 21.7%
- Earnings backed by cashOperating cash flow above net income$1.19B vs $1.02B
- Less leverageLong-term debt to assets fell1.3% → 2.2%
- Better liquidityCurrent ratio rose1.08 → 1.21
- No dilutionShare count did not rise36M → 35M
- Gross margin improvedGross margin up on the prior year21.01% → 22.03%
- More efficientAsset turnover rose2.13 → 0.39