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Comfort Systems Reports Record Q4 Earnings and Backlog Surge

Story Highlights
  • Comfort Systems USA posted sharply higher fourth-quarter 2025 profit, revenue and cash flow, with backlog almost doubling year-on-year.
  • Full-year 2025 results showed net income and operating cash flow both topping $1 billion, reinforcing management’s confidence in growth prospects for 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Comfort Systems Reports Record Q4 Earnings and Backlog Surge

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Comfort Systems ( (FIX) ) has shared an update.

On February 19, 2026, Comfort Systems USA reported that for the fourth quarter of 2025 net income more than doubled year-on-year to $330.8 million, or $9.37 per diluted share, on revenue of $2.65 billion, with operating cash flow rising to $468.5 million. Backlog surged to $11.94 billion at December 31, 2025, nearly doubling from a year earlier and reflecting what management described as unprecedented demand and strong execution across its operations.

For full-year 2025, the company’s net income climbed to $1.02 billion, or $28.88 per diluted share, on revenue of $9.10 billion, while operating cash flow exceeded $1.19 billion, all sharply higher than 2024 levels. Management highlighted that both annual net income and cash flow surpassed $1 billion for the first time, strengthening the company’s financial position and underpinning an optimistic outlook for continued growth momentum into 2026.

The most recent analyst rating on (FIX) stock is a Buy with a $1315.00 price target. To see the full list of analyst forecasts on Comfort Systems stock, see the FIX Stock Forecast page.

Spark’s Take on FIX Stock

According to Spark, TipRanks’ AI Analyst, FIX is a Outperform.

Comfort Systems USA’s overall stock score is driven by its strong financial performance and positive earnings call results. The company’s robust revenue growth, efficient cash flow management, and strategic acquisitions contribute significantly to its high score. However, the valuation suggests the stock is relatively expensive, which slightly offsets the overall score.

To see Spark’s full report on FIX stock, click here.

More about Comfort Systems

Comfort Systems USA Inc. is a leading U.S. provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company operates from 190 locations in 142 cities nationwide, focusing on large-scale building systems and infrastructure projects for a broad range of non-residential customers.

Average Trading Volume: 582,199

Technical Sentiment Signal: Buy

Current Market Cap: $47.19B

Learn more about FIX stock on TipRanks’ Stock Analysis page.

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