Income Statement Comfort Systems USA, Inc.

Equities

FIX

US1999081045

Construction & Engineering

Market Closed - Nyse Other stock markets 16:03:43 2026-04-14 EDT			5-day change	1st Jan Change
1,650.48 ^USD	+1.39%		+15.83%	+76.85%

03-23	Comfort Systems USA, Inc.(NYSE:FIX) added to FTSE All-World Index	CI
03-18	Comfort Systems: The Company Seeing Tomorrow's America Two Years Ahead

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Published financial data: COMFORT SYSTEMS USA, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.07B	4.14B	5.21B	7.03B	9.1B
Total Revenues	3.07B	4.14B	5.21B	7.03B	9.1B
Cost of Goods Sold, Total	2.51B	3.4B	4.22B	5.55B	6.91B
Gross Profit	563M	742M	991M	1.48B	2.2B
Selling General & Admin Expenses, Total	346M	453M	536M	675M	822M
Amortization of Goodwill and Intangible Assets - (IS)	30.21M	36.43M	38.23M	55.37M	60.91M
Other Operating Expenses, Total	376M	489M	574M	730M	883M
Operating Income	187M	252M	416M	746M	1.31B
Interest Expense, Total	-6.2M	-13.35M	-10.28M	-6.65M	-9.01M
Interest And Investment Income	24K	46K	3.49M	11.55M	21.6M
Net Interest Expenses	-6.17M	-13.31M	-6.79M	4.91M	12.6M
Other Non Operating Income (Expenses)	188K	134K	202K	432K	-258K
EBT, Excl. Unusual Items	181M	239M	409M	752M	1.32B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.54M	1.58M	2.3M	3.03M	1.97M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	7.82M	-4.82M	-23.61M	-88.15M	-33.47M
EBT, Incl. Unusual Items	190M	236M	388M	667M	1.29B
Income Tax Expense	46.93M	-10.09M	64.8M	144M	271M
Earnings From Continuing Operations	143M	246M	323M	522M	1.02B
Net Income to Company	143M	246M	323M	522M	1.02B
Net Income - (IS)	143M	246M	323M	522M	1.02B
Net Income to Common Incl Extra Items	143M	246M	323M	522M	1.02B
Net Income to Common Excl. Extra Items	143M	246M	323M	522M	1.02B
Per Share Items
Net EPS - Basic	3.95	6.84	9.03	14.64	28.93
Basic EPS - Continuing Operations	3.95	6.84	9.03	14.64	28.93
Basic Weighted Average Shares Outstanding	36.28M	35.93M	35.8M	35.69M	35.35M
Net EPS - Diluted	3.93	6.82	9.01	14.6	28.88
Diluted EPS - Continuing Operations	3.93	6.82	9.01	14.6	28.88
Diluted Weighted Average Shares Outstanding	36.45M	36.05M	35.9M	35.78M	35.41M
Normalized Basic EPS	3.12	4.16	7.15	13.16	23.43
Normalized Diluted EPS	3.1	4.15	7.13	13.13	23.38
Dividend Per Share	0.48	0.56	0.85	1.2	1.95
Payout Ratio	12.13	8.16	9.39	8.19	6.73
Supplemental Items
EBITDA	256M	334M	498M	892M	1.45B
EBITA	227M	300M	459M	844M	1.39B
EBIT	187M	252M	416M	746M	1.31B
EBITDAR	290M	380M	-	1.03B	1.64B
Effective Tax Rate - (Ratio)	24.66	-4.28	16.69	21.62	20.94
Current Domestic Taxes	40.02M	84.42M	-30.5M	211M	276M
Total Current Taxes	40.02M	84.42M	-30.5M	211M	276M
Deferred Domestic Taxes	6.9M	-94.5M	95.3M	-66.61M	-5.28M
Total Deferred Taxes	6.9M	-94.5M	95.3M	-66.61M	-5.28M
Normalized Net Income	113M	149M	256M	470M	828M
Interest on Long-Term Debt	5.7M	13.68M	10.28M	6.65M	9.01M
Supplemental Operating Expense Items
Net Rental Expense, Total	34.2M	46M	-	137M	188M
Imputed Operating Lease Interest Expense	4M	10.87M	-	25.76M	34.13M
Imputed Operating Lease Depreciation	30.2M	35.13M	-	111M	153M
Stock-Based Comp., Other (Total)	10.59M	10.53M	12.94M	16.65M	21.81M
Total Stock-Based Compensation	10.59M	10.53M	12.94M	16.65M	21.81M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	58.78M	57.21M	205M	550M	982M
Short Term Investments	-	-	-	-	34.36M
Total Cash And Short Term Investments	58.78M	57.21M	205M	550M	1.02B
Accounts Receivable, Total	865M	1.13B	1.42B	2.05B	2.79B
Other Receivables	57.49M	38.37M	166M	86.19M	116M
Total Receivables	923M	1.17B	1.59B	2.13B	2.91B
Inventory	21.85M	35.31M	65.54M	59.22M	84.07M
Prepaid Expenses	23.7M	48.46M	54.31M	46.21M	104M
Total Current Assets	1.03B	1.31B	1.91B	2.79B	4.11B
Gross Property Plant And Equipment	418M	464M	631M	756M	1B
Accumulated Depreciation	-165M	-190M	-217M	-250M	-293M
Net Property Plant And Equipment	253M	275M	414M	506M	711M
Long-term Investments	-	-	-	6.8M	-
Goodwill	592M	612M	667M	875M	1.03B
Other Intangibles, Total	305M	274M	280M	434M	485M
Deferred Tax Assets Long-Term	22.9M	116M	17.72M	85.44M	84.14M
Other Long-Term Assets, Total	8.68M	13.84M	15.24M	12.63M	24.92M
Total Assets	2.21B	2.6B	3.31B	4.71B	6.44B
Liabilities
Accounts Payable, Total	255M	337M	420M	655M	696M
Accrued Expenses, Total	156M	161M	204M	277M	343M
Current Portion of Long-Term Debt	2.79M	9M	4.87M	6.04M	6.16M
Current Portion of Leases	19.05M	21.15M	24.43M	28.16M	35.54M
Unearned Revenue Current, Total	321M	548M	910M	1.15B	2.12B
Other Current Liabilities	82.76M	94.23M	159M	468M	192M
Total Current Liabilities	837M	1.17B	1.72B	2.58B	3.39B
Long-Term Debt	385M	247M	39.34M	62.29M	139M
Long-Term Leases	108M	112M	188M	212M	303M
Deferred Tax Liability Non Current	1.74M	-	1.12M	2.22M	3.89M
Other Non Current Liabilities	72.21M	67.76M	77.94M	147M	153M
Total Liabilities	1.4B	1.6B	2.03B	3.01B	3.99B
Common Stock, Total	411K	411K	411K	411K	411K
Additional Paid In Capital	327M	332M	340M	351M	363M
Retained Earnings	629M	855M	1.15B	1.63B	2.58B
Treasury Stock	-151M	-187M	-210M	-274M	-496M
Total Common Equity	806M	1B	1.28B	1.7B	2.45B
Total Equity	806M	1B	1.28B	1.7B	2.45B
Total Liabilities And Equity	2.21B	2.6B	3.31B	4.71B	6.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	35.84M	35.63M	35.57M	35.47M	35.12M
ECS Total Common Shares Outstanding	35.98M	35.66M	35.57M	35.48M	35.12M
Book Value / Share	22.39	28.04	35.92	48.04	69.73
Tangible Book Value	-91.23M	114M	331M	395M	938M
Tangible Book Value Per Share	-2.54	3.2	9.29	11.13	26.71
Total Debt	515M	389M	257M	309M	483M
Net Debt	456M	332M	51.62M	-241M	-533M
Debt Equivalent of Unfunded Proj. Benefit Obligation	4M	3.7M	3.5M	-	-
Debt Equivalent Oper. Leases	274M	368M	-	1.1B	1.5B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	6.79M	6.79M	8.44M	12.9M	23.31M
Buildings, Total	74.98M	80.28M	102M	129M	174M
Machinery, Total	210M	240M	303M	359M	436M
Full Time Employees	13.2K	14.1K	15.8K	18.3K	22.7K
Accumulated Allowance for Doubtful Accounts (Supple)	8.81M	10.64M	11.93M	15.29M	19.71M
Order Backlog	2.31B	4.06B	5.16B	5.99B	11.94B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	143M	246M	323M	522M	1.02B
Depreciation & Amortization - CF	28.44M	33.55M	38.16M	48.22M	62.38M
Amortization of Goodwill and Intangible Assets - (CF)	40.5M	47.8M	43.4M	97.27M	79.58M
Depreciation & Amortization, Total	68.94M	81.35M	81.57M	145M	142M
Amortization of Deferred Charges, Total - (CF)	538K	786K	685K	687K	1.02M
(Gain) Loss From Sale Of Asset	-1.54M	-1.58M	-2.3M	-3.03M	-1.97M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	10.59M	10.53M	12.94M	16.65M	21.81M
Provision and Write-off of Bad Debts	-1.45M	2.67M	4.94M	6.95M	6.61M
Other Operating Activities, Total	16.67M	-68.13M	145M	52.48M	62.04M
Change In Accounts Receivable	-75.32M	-233M	-374M	-415M	-614M
Change In Inventories	-5.65M	-13.5M	-29.69M	6.54M	-24.41M
Change In Accounts Payable	4M	166M	136M	503M	-276M
Change in Unearned Revenues	44.62M	153M	349M	32.17M	910M
Change in Other Net Operating Assets	-24.61M	-42.85M	-8.27M	-18.89M	-63.05M
Cash from Operations	180M	302M	640M	849M	1.19B
Capital Expenditure	-22.33M	-48.36M	-94.84M	-111M	-155M
Sale of Property, Plant, and Equipment	3.1M	2.86M	5.95M	5.54M	3.7M
Cash Acquisitions	-227M	-49.22M	-102M	-235M	-280M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-2.46M	-1.86M	-2.51M	-36.45M
Cash from Investing	-247M	-97.18M	-193M	-344M	-467M
Long-Term Debt Issued, Total	275M	555M	285M	183M	200M
Total Debt Issued	275M	555M	285M	183M	200M
Long-Term Debt Repaid, Total	-160M	-693M	-512M	-209M	-143M
Total Debt Repaid	-160M	-693M	-512M	-209M	-143M
Issuance of Common Stock	5.63M	1.09M	18K	184K	793K
Repurchase of Common Stock	-29.42M	-41.46M	-25.91M	-66.83M	-226M
Common Dividends Paid	-17.38M	-20.08M	-30.38M	-42.77M	-68.83M
Common & Preferred Stock Dividends Paid	-17.38M	-20.08M	-30.38M	-42.77M	-68.83M
Other Financing Activities, Total	-3.88M	-7.31M	-15.32M	-25.41M	-50.01M
Cash from Financing	70.45M	-206M	-299M	-161M	-287M
Net Change in Cash	3.88M	-1.56M	148M	345M	432M
Supplemental Items
Cash Interest Paid	6.05M	12.92M	9.86M	6.43M	7.9M
Cash Income Tax Paid (Refund)	52.2M	44.3M	100M	103M	254M
Levered Free Cash Flow	97.49M	238M	350M	836M	774M
Unlevered Free Cash Flow	101M	245M	355M	840M	779M
Change In Net Working Capital	73.19M	-44.02M	-95.77M	-322M	50.42M
Net Debt Issued / Repaid	115M	-138M	-227M	-25.94M	56.94M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.89	6.56	8.81	11.64	14.71
Return on Total Capital	9.94	11.64	17.79	26.3	33.18
Return On Equity %	19.09	27.24	28.4	35.03	49.24
Return on Common Equity	19.09	27.24	28.4	35.03	49.24
Margin Analysis
Gross Profit Margin %	18.32	17.91	19.02	21.01	24.13
SG&A Margin	11.26	10.94	10.3	9.6	9.04
EBITDA Margin %	8.32	8.06	9.56	12.69	15.98
EBITA Margin %	7.4	7.25	8.82	12	15.3
EBIT Margin %	6.08	6.09	7.99	10.62	14.42
Income From Continuing Operations Margin %	4.66	5.94	6.21	7.43	11.23
Net Income Margin %	4.66	5.94	6.21	7.43	11.23
Net Avail. For Common Margin %	4.66	5.94	6.21	7.43	11.23
Normalized Net Income Margin	3.68	3.61	4.92	6.69	9.1
Levered Free Cash Flow Margin	3.17	5.74	6.72	11.9	8.51
Unlevered Free Cash Flow Margin	3.28	5.92	6.83	11.95	8.56
Asset Turnover
Asset Turnover	1.55	1.72	1.76	1.75	1.63
Fixed Assets Turnover	13.21	15.69	15.12	15.27	14.96
Receivables Turnover (Average Receivables)	3.97	4.15	4.09	4.05	3.76
Inventory Turnover (Average Inventory)	142.13	118.92	83.62	88.99	96.39
Short Term Liquidity
Current Ratio	1.23	1.12	1.11	1.08	1.21
Quick Ratio	1.17	1.05	1.04	1.04	1.16
Operating Cash Flow to Current Liabilities	0.22	0.26	0.37	0.33	0.35
Days Sales Outstanding (Average Receivables)	91.99	87.88	89.31	90.32	97.02
Days Outstanding Inventory (Average Inventory)	2.57	3.07	4.37	4.11	3.79
Average Days Payable Outstanding	33.25	31.67	32.55	35.48	35.58
Cash Conversion Cycle (Average Days)	61.3	59.28	61.13	58.96	65.22
Long Term Solvency
Total Debt/Equity	63.9	38.92	20.09	18.1	19.74
Total Debt / Total Capital	38.99	28.01	16.73	15.33	16.48
LT Debt/Equity	61.18	35.9	17.8	16.1	18.04
Long-Term Debt / Total Capital	37.33	25.84	14.82	13.63	15.06
Total Liabilities / Total Assets	63.53	61.5	61.34	63.82	61.98
EBIT / Interest Expense	30.16	18.89	40.47	112.27	145.7
EBITDA / Interest Expense	46.81	28.43	56.41	154.74	182.27
(EBITDA - Capex) / Interest Expense	43.21	24.81	47.18	138.03	165.08
Total Debt / EBITDA	1.77	1.03	0.44	0.3	0.29
Net Debt / EBITDA	1.57	0.87	0.09	-0.23	-0.32
Total Debt / (EBITDA - Capex)	1.92	1.17	0.53	0.34	0.33
Net Debt / (EBITDA - Capex)	1.7	1	0.11	-0.26	-0.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.6	34.71	25.76	34.97	29.52
Gross Profit, 1 Yr. Growth %	2.97	31.68	33.56	50.06	48.73
EBITDA, 1 Yr. Growth %	2.4	30.4	49.17	81.87	63.1
EBITA, 1 Yr. Growth %	2.48	31.95	53.13	86.56	65.03
EBIT, 1 Yr. Growth %	-1.22	34.97	64.94	82.57	75.87
Earnings From Cont. Operations, 1 Yr. Growth %	-4.52	71.57	31.49	61.54	95.73
Net Income, 1 Yr. Growth %	-4.52	71.57	31.49	61.54	95.73
Normalized Net Income, 1 Yr. Growth %	-0.03	32.16	71.27	86.89	76.27
Diluted EPS Before Extra, 1 Yr. Growth %	-3.91	73.54	32.11	62.04	97.81
Accounts Receivable, 1 Yr. Growth %	26.58	30.37	25.83	44.3	36.18
Inventory, 1 Yr. Growth %	62.21	61.58	85.61	-9.63	41.95
Net Property, Plant and Equip., 1 Yr. Growth %	19.52	8.41	50.86	22.21	40.41
Total Assets, 1 Yr. Growth %	25.71	17.58	27.26	42.52	36.72
Tangible Book Value, 1 Yr. Growth %	-39.76K	-225.22	189.41	19.48	137.5
Common Equity, 1 Yr. Growth %	15.69	24.11	27.79	33.4	43.65
Cash From Operations, 1 Yr. Growth %	-37.12	67.38	112.11	32.75	39.73
Capital Expenditures, 1 Yr. Growth %	-7.46	116.57	96.11	17.12	39.46
Levered Free Cash Flow, 1 Yr. Growth %	-59.81	143.76	47.17	142.29	-7.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-59.23	143.2	44.97	139.32	-7.26
Dividend Per Share, 1 Yr. Growth %	12.94	16.67	51.79	41.18	62.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.41	20.39	30.15	30.28	32.21
Gross Profit, 2 Yr. CAGR %	6.27	16.44	32.62	41.1	49.39
EBITDA, 2 Yr. CAGR %	10.72	15.56	39.47	63.5	72.23
EBITA, 2 Yr. CAGR %	11.1	16.28	42.15	67.67	75.46
EBIT, 2 Yr. CAGR %	9.06	15.47	49.21	72	79.19
Earnings From Cont. Operations, 2 Yr. CAGR %	11.98	27.99	50.2	45.75	77.82
Net Income, 2 Yr. CAGR %	11.98	27.99	50.2	45.75	77.82
Normalized Net Income, 2 Yr. CAGR %	10.48	14.94	50.45	77.31	81.5
Diluted EPS Before Extra, 2 Yr. CAGR %	12.96	29.13	51.41	46.31	79.03
Accounts Receivable, 2 Yr. CAGR %	13.04	28.46	28.08	34.75	40.18
Inventory, 2 Yr. CAGR %	47.44	61.89	73.18	29.51	13.26
Net Property, Plant and Equip., 2 Yr. CAGR %	14.31	13.83	27.89	35.78	30.99
Total Assets, 2 Yr. CAGR %	21.15	21.58	22.32	34.67	39.59
Tangible Book Value, 2 Yr. CAGR %	-0.89	2.13K	90.36	85.95	68.45
Common Equity, 2 Yr. CAGR %	17.32	19.82	25.94	30.57	38.43
Cash From Operations, 2 Yr. CAGR %	12.62	2.59	88.42	67.8	36.2
Capital Expenditures, 2 Yr. CAGR %	-16.14	41.56	106.09	51.55	27.8
Levered Free Cash Flow, 2 Yr. CAGR %	36.21	-1.02	89.4	87.6	49.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	31.87	-0.42	87.77	85.07	48.97
Dividend Per Share, 2 Yr. CAGR %	10.24	14.79	33.07	46.38	51.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.08	16.55	22.15	31.74	30.02
Gross Profit, 3 Yr. CAGR %	8.07	14.14	21.89	37.88	43.6
EBITDA, 3 Yr. CAGR %	10.04	16.92	25.82	51.62	63.37
EBITA, 3 Yr. CAGR %	10.32	17.66	27.46	54.8	66.79
EBIT, 3 Yr. CAGR %	7.78	17.09	30.04	58.65	73.28
Earnings From Cont. Operations, 3 Yr. CAGR %	8.28	29.09	29.15	53.89	60.8
Net Income, 3 Yr. CAGR %	8.28	29.09	29.15	53.89	60.8
Normalized Net Income, 3 Yr. CAGR %	6.49	17.28	31.28	60.76	76.96
Diluted EPS Before Extra, 3 Yr. CAGR %	9.42	30.34	30.12	54.88	61.78
Accounts Receivable, 3 Yr. CAGR %	17.85	18.54	27.58	33.27	35.22
Inventory, 3 Yr. CAGR %	20.74	52.01	69.44	39.42	33.53
Net Property, Plant and Equip., 3 Yr. CAGR %	36.49	12.31	25.04	25.96	37.31
Total Assets, 3 Yr. CAGR %	27.63	19.95	23.44	28.72	35.35
Tangible Book Value, 3 Yr. CAGR %	-18.35	7.14	1.03K	62.99	101.75
Common Equity, 3 Yr. CAGR %	17.39	19.54	22.42	28.38	34.79
Cash From Operations, 3 Yr. CAGR %	6.97	28.52	30.69	67.66	57.87
Capital Expenditures, 3 Yr. CAGR %	-6.44	15.06	57.81	70.7	47.41
Levered Free Cash Flow, 3 Yr. CAGR %	1.46	65.38	12.97	104.71	48.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	1.9	61.72	12.86	102.71	46.99
Dividend Per Share, 3 Yr. CAGR %	13.3	12.34	25.99	35.72	51.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.46	18.29	18.99	21.86	26.08
Gross Profit, 5 Yr. CAGR %	10.36	15.15	17.29	24.24	32.05
EBITDA, 5 Yr. CAGR %	15.04	19.46	20.99	33.7	42.24
EBITA, 5 Yr. CAGR %	15.85	20.71	22.09	35.57	44.38
EBIT, 5 Yr. CAGR %	13.14	20.4	22.75	36.56	47.31
Earnings From Cont. Operations, 5 Yr. CAGR %	17.17	34.79	23.43	35.51	46.77
Net Income, 5 Yr. CAGR %	17.17	34.79	23.43	35.51	46.77
Normalized Net Income, 5 Yr. CAGR %	12.82	19.61	22.28	38.36	48.91
Diluted EPS Before Extra, 5 Yr. CAGR %	17.97	35.92	24.6	36.51	47.83
Accounts Receivable, 5 Yr. CAGR %	19.97	22.26	21.84	24.78	32.48
Inventory, 5 Yr. CAGR %	18.87	27.93	39.48	42.57	44.22
Net Property, Plant and Equip., 5 Yr. CAGR %	30.01	25.68	32.98	21.17	27.39
Total Assets, 5 Yr. CAGR %	25.52	24.14	25.48	25.64	29.66
Tangible Book Value, 5 Yr. CAGR %	-13.18	-4.17	14.55	33.58	427.36
Common Equity, 5 Yr. CAGR %	16.43	19.06	20.74	23.84	28.59
Cash From Operations, 5 Yr. CAGR %	14.59	21.46	34.15	42.99	32.87
Capital Expenditures, 5 Yr. CAGR %	-0.78	6.4	28.31	28.46	45.04
Levered Free Cash Flow, 5 Yr. CAGR %	8.08	33.36	30.23	73.93	26.12
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.45	33.45	30.12	70.68	25.79
Dividend Per Share, 5 Yr. CAGR %	11.78	13.68	20.83	24.89	35.62