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Comfort Systems USA (FIX)
NYSE:FIX
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.27Last Year’s EPS
4.75Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple significant operational and financial wins: record backlog, strong same-store growth, marked margin expansion, robust cash generation and modular capacity scaling. Challenges were noted but framed as manageable: longer backlog duration (with execution and labor implications), concentration in data center customers/geographies, higher absolute SG&A spending, and standard seasonal/weather impacts. Management emphasized disciplined contracting, early procurement for equipment, investments in contract-craft capacity, and conservative M&A discipline. Overall, the positive operational and financial momentum and strong cash generation outweigh the risks discussed.Company Guidance
Record Earnings and Strong EPS Growth
Quarterly EPS of $9.37, up 129% year-over-year; full-year EPS of $28.88 versus $14.60 in 2024 (annual EPS growth of 98%). Reported net income of $331,000,000 (as stated) and record quarterly and annual earnings.
All-Time High Backlog
Backlog reached an all-time high (reported ~ $12,000,000,000; $11.9B at quarter end). Same-store sequential backlog increased $2.4B (26%) and backlog is ~93% higher year-over-year (doubled since last year, +$6.0B). Much of the sequential increase driven by technology and modular bookings.
Exceptional Cash Generation and Free Cash Flow
Operating cash flow of $1,200,000,000 for 2025 and record full-year free cash flow of $1,000,000,000, supporting investments, share repurchases and dividend increases.
Margin Expansion and Strong Profitability
Quarterly gross profit percentage grew to 25.5% (versus 23.2% prior year); full-year gross profit margin 24.1% (versus 21.0% in 2024). Quarterly gross margin exceeded 25% for the first time in company history. Quarterly operating income rose 89% to $427,000,000 (from $226,000,000) and operating margin expanded to 16.1% (from 12.1%). Full-year operating income $1,300,000,000 and operating income percentage 14.4%.
EBITDA and EBITDA Margin Growth
Quarterly EBITDA increased 78% to $464,000,000 (from $261,000,000); same-store quarterly EBITDA up over 70%. Full-year EBITDA $1,450,000,000 with an EBITDA margin of 16%.
Modular Business Growth and Capacity Expansion
Modular capacity ~3,000,000 sq ft today with plans to expand to ~4,000,000 sq ft by end of 2026 (weighted to first half). Modular represented ~18% of revenue for the year and accounted for more than half of the sequential backlog increase in Q4.
Revenue Mix and Data Center Leadership
Industrial sector (including technology) represented 67% of volume; technology (dominated by data center work) rose to 45% of revenue from 33% the prior year, indicating strong positioning in high-demand verticals.
Service Business Strength
Service revenue rose 12% in 2025 and achieved a record $1,200,000,000, now representing ~14% of total revenue and serving as a reliable source of profit and cash flow.
Capital Allocation and Shareholder Returns
Returned >$200,000,000 to shareholders via repurchases in 2025 (over 440,000 shares at ~$489 average). Since program inception retired 10,900,000 shares at an average price of $50.15 and returned >$546,000,000 to shareholders. Dividend increased twice (two consecutive $0.10 increases).
Controlled Investment Levels
CapEx in 2025 was $155,000,000 (~1.7% of revenues) as the company invests in operations, modular capacity expansion, and vehicles to support service growth.
FIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2026 | $1462.23 | ― | ― |
Oct 28, 2025 | $980.36 | $1010.02 | +3.03% |
Jul 29, 2025 | $686.76 | $702.04 | +2.22% |
Apr 24, 2025 | $375.34 | $396.52 | +5.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Comfort Systems USA (FIX) report earnings?
Comfort Systems USA (FIX) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Comfort Systems USA (FIX) earnings time?
Comfort Systems USA (FIX) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIX EPS forecast?
FIX EPS forecast for the fiscal quarter 2026 (Q1) is 6.27.