COMFORT SYSTEMS USA (FIX) Company Report

Comfort Systems USA, Inc. reported strong financial results for Q3 2025, with revenue of $2,451.0 million, net income of $291.6 million, and diluted EPS of $8.25. Year-to-date 2025 revenue reached $6,455.6 million, with net income of $691.8 million and diluted EPS of $19.52.
The company's backlog stood at $9,377 million as of Q3 2025.
Comfort Systems USA maintains a strong financial position with $860.5 million in cash and $136.0 million in total debt as of September 30, 2025, and has increased its dividend for 13 consecutive years.
For the nine months ended September 30, 2025, the company returned $172,100 thousand to shareholders, comprising $47,674 thousand in dividends and $124,426 thousand in share repurchases.

Oct 28, 2025, 8:02 PM

8-K

Comfort Systems USA Reports Record Q3 2025 Results with Doubled EPS and Increased Backlog

FIX

Earnings

M&A

Dividends

Comfort Systems USA reported net income of $292,000,000 or $8.25 per share for Q3 2025, which is double the earnings per share from the same quarter last year.
Revenue for Q3 2025 grew 35% to $2,500,000,000, with the Electrical segment revenue increasing 71% and Mechanical revenue up 26%.
The company achieved a record backlog of $9,400,000,000 at the end of Q3 2025, representing a 65% increase year-over-year.
Comfort Systems USA increased its quarterly dividend by 20% to $0.60 per share and acquired FZ Electrical and Meisner Electric on October 1, which are expected to add over $200,000,000 in incremental annual revenue.
Management anticipates continued growth and strong results for 2025 and 2026, projecting Q4 same-store revenue growth in the high teens and full-year 2026 same-store revenue growth in the low to mid-teens.

Oct 24, 2025, 3:00 PM

Transcript

Comfort Systems USA Announces Record Q3 2025 Results and Dividend Increase

FIX

Earnings

Dividends

Revenue Acceleration/Inflection

Comfort Systems USA reported record financial results for Q3 2025, with net income of $292 million and diluted EPS of $8.25, which is double the prior year.
Revenue for Q3 2025 increased 35% year-over-year to $2.5 billion, driven by 33% same-store revenue growth and a 74% increase in EBITDA to $414 million.
The company achieved a record backlog of $9.4 billion at the end of Q3 2025, representing a 65% year-over-year increase, with strong bookings in the technology sector.
Comfort Systems USA increased its quarterly dividend by 20% to $0.60 per share, acquired FZ Electrical and Meisner Electric for approximately $170 million, and repurchased approximately $125 million in shares year-to-date.

Oct 24, 2025, 3:00 PM

Transcript

Comfort Systems USA Reports Record Q3 2025 Results with Doubled EPS and Strategic Acquisitions

FIX

Earnings

Guidance Update

M&A

Comfort Systems USA (FIX) reported Q3 2025 net income of $292 million, or $8.25 per share, which is double the $4.09 per share earned in Q3 2024.
Revenue for Q3 2025 grew 35% to $2.5 billion, with gross profit increasing to $608 million and the gross profit percentage reaching 24.8%.
The company achieved a record backlog of $9.4 billion at the end of Q3 2025, representing a $3.7 billion increase from the prior year, with $3.5 billion attributed to same-store growth.
Comfort Systems USA increased its quarterly dividend by 20% to $0.60 per share and announced the acquisition of FZ Electrical and Meisner Electric on October 1, which are expected to add over $200 million in incremental annual revenue. The company also expects fourth-quarter same-store revenue growth in the high-teens range and low to mid-teens same-store revenue growth for full-year 2026.

Oct 24, 2025, 3:00 PM

Transcript

Comfort Systems USA Reports Strong Q3 2025 Results with Record Backlog and Dividend Increase

FIX

Earnings

Guidance Update

M&A

Comfort Systems USA reported robust financial performance for Q3 2025, with EPS doubling to $8.25 per share and revenue increasing 35% to $2.5 billion compared to the prior year.
The company achieved a record backlog of $9.4 billion at the end of Q3 2025, marking a 65% year-over-year increase and a second consecutive quarter with a same-store backlog increase of more than $1 billion.
Comfort Systems USA announced the acquisition of FZ Electrical and Meisner Electric on October 1st, with an expected contribution of over $200 million in incremental annual revenue and $15 million-$20 million in annual EBITDA.
The company increased its quarterly dividend by 20% to $0.60 per share and repurchased approximately 345,000 shares year-to-date for about $125 million.
Management anticipates continued growth, projecting Q4 2025 same-store revenue growth in the high-teens range and full-year 2026 same-store revenue growth in the low to mid-teens.

Oct 24, 2025, 3:00 PM

Transcript

Comfort Systems USA Reports Record Q2 2025 Results

FIX

Earnings

Guidance Update

M&A

Comfort Systems USA reported record financial results for Q2 2025, with quarterly revenue exceeding $2.0 billion for the first time at $2.2 billion, and earnings per share (EPS) reaching an unprecedented $6.53, a 75% increase year-over-year.
The company's backlog grew to a new high of $8.1 billion at the end of Q2 2025, representing a 41% increase from the prior year, driven by strong bookings, particularly in the technology sector.
Comfort Systems USA increased its quarterly dividend by $0.05 to $0.50 per share and purchased 326,000 shares for $111 million year-to-date, maintaining a net cash position of over $250 million.
Management expects continued strong results for the remainder of 2025 and into 2026, with full-year 2025 same-store revenue growth estimated to remain in the mid-teen range and gross profit margins expected to continue in strong ranges.
The company's electrical segment revenue grew by 49%, and technology-related projects, including data centers, accounted for 40% of total revenue, with modular operations representing 18% of year-to-date revenue.

Jul 25, 2025, 6:36 PM

Comfort Systems USA Reports Strong Q2 2025 Results and Increases Quarterly Dividend

FIX

Earnings

Dividends

Revenue Acceleration/Inflection

Comfort Systems USA reported strong Q2 2025 financial results, with revenue increasing to $2.17 billion and net income reaching $230.8 million, or $6.53 per diluted share.
The company's backlog reached a record high of $8.12 billion as of June 30, 2025, an increase from $5.77 billion at the same time last year.
The Board of Directors declared a quarterly dividend of $0.50 per share, representing a $0.05 increase from the previous dividend, payable on August 25, 2025.

Jul 24, 2025, 12:00 AM

8-K

Comfort Systems USA highlights robust data center demand and modular capacity expansion

FIX

M&A

New Projects/Investments

Hiring

Mechanical/electrical services provider with 19,000 craft professionals across 48 subsidiaries, serving industrial (62% of revenue), institutional, commercial, and $175 m in annual maintenance contracts.
Data center CapEx remains robust, with strong pipelines in both modular and traditional construction; modular units are contracted directly by owners, while traditional work is bid through general contractors.
Modular capacity has grown from 2.0 m sq ft at end-2023 to 2.5 m sq ft as of Q1 2025, balancing pharma and hyperscaler programs under standardized delivery models.
Acquired Century Contractors (Charlotte-area industrial piping specialist) in January 2025 to enhance regional capabilities and integrate best practices across the network.
Service business benefits from a seasonal summer ramp and a proprietary digital support platform that enables remote diagnostics, boosting technician efficiency and driving sustainable growth.

Jun 12, 2025, 5:01 PM

Comfort Systems USA Enhances Stock Repurchase Program

FIX

Share Buyback

Comfort Systems USA Inc. announced an amendment to its stock repurchase program in an 8‑K filing dated May 22, 2025.
The Board approved increasing the repurchase authorization, enabling the company to buy back up to an additional 1,000,000 shares, which includes authorizing acquisition of up to 402,413 additional shares.
Prior to this amendment, the company repurchased 10,757,964 shares at a total price of $437,561,463 through May 16, 2025.

May 22, 2025, 12:00 AM

8-K

Comfort Systems USA Inc Investor Presentation 8-K Released

FIX

Earnings

Guidance Update

The document is an 8-K filing issued on April 30, 2025, presenting an investor slideshow with forward-looking statements and non‑GAAP financial measures, intended for analyst and investor review.
It highlights the company’s strong market position as a leading national mechanical, electrical, and plumbing service provider with $7.0+ billion in yearly revenue and 19,000+ employees.
The presentation also outlines key financial highlights, including a YTD 2025 revenue of $1,831.3M and a gross profit of $403.4M, underscoring the company's robust financial performance.

Apr 30, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for COMFORT SYSTEMS USA.

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