Comfort Systems (FIX) AI Stock Analysis

• Market Cap: $33.72B
• Dividend Yield: 0.21%
• Average Volume (3M): 378.63K
• Price to Earnings (P/E): 40.5
• Beta (1Y): 2.04
• Revenue Growth: 27.71%
• EPS Growth: 80.54%
• Country: US
• Employees: 18,300
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 8.25
• Shares Outstanding: 35,271,950
• 10 Day Avg. Volume: 507,165
• 30 Day Avg. Volume: 378,635
• PEG Ratio: 0.47
• Price to Book (P/B): 8.88
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 20.51
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 3.45
• Enterprise Value/Gross Profit: 14.69
• Enterprise Value/Ebitda: 24.42
• 1Y Price Target: $1,043.50
• Price Target Upside: 8.95% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: $1,128.00 ▲(17.77% Upside)

Comfort Systems USA demonstrates strong financial performance and positive earnings call results, driving a high overall score. The technical analysis suggests strong momentum, though valuation concerns slightly temper the outlook. The company's strategic acquisitions and backlog growth further support its positive future prospects.

Positive Factors

Revenue Growth

The significant revenue growth reflects strong demand and effective execution, indicating a robust market position and potential for continued expansion.

Backlog Growth

A growing backlog suggests sustained demand and future revenue visibility, supporting long-term business stability and growth prospects.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and shareholder returns, underpinning long-term growth.

Negative Factors

Increased SG&A Expenses

Rising SG&A expenses could pressure margins if not managed effectively, potentially impacting profitability and operational efficiency over time.

Challenges in Manufacturing Revenue

A decline in manufacturing revenue may indicate competitive pressures or shifting market dynamics, potentially affecting segment performance.

Industry Challenges

Ongoing industry challenges could pose risks to growth and profitability, requiring strategic adaptation to maintain competitive advantage.

Comfort Systems Business Overview & Revenue Model

Company Description

Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings. The company offers its services for heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection. It serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional MEP markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.

How the Company Makes Money

Comfort Systems generates revenue primarily through the installation and servicing of HVAC systems. Key revenue streams include residential HVAC services, commercial system installations, and ongoing maintenance contracts for both new and existing clients. Additionally, the company benefits from energy efficiency upgrades and retrofitting projects, which are increasingly in demand as businesses and homeowners seek to reduce energy costs. Significant partnerships with manufacturers of HVAC equipment and technology providers also contribute to its earnings, enabling Comfort Systems to offer cutting-edge products and solutions to its customers.

Comfort Systems Financial Statement Overview

Summary

Comfort Systems exhibits robust financial performance with strong revenue growth, improving profit margins, and efficient cash flow management. The balance sheet is healthy with low leverage and high return on equity, indicating financial stability and effective asset management.

Income Statement

Comfort Systems has demonstrated strong revenue growth with an 8.31% increase in the TTM, supported by improving gross and net profit margins. The EBIT and EBITDA margins have also shown positive trends, indicating efficient operational management. The company's consistent revenue growth trajectory over the years highlights its robust market position.

Balance Sheet

The balance sheet reflects a healthy financial structure with a low debt-to-equity ratio of 0.18 in the TTM, indicating prudent leverage management. Return on equity is impressive at 43.59%, showcasing effective use of shareholder funds. The equity ratio remains stable, suggesting a strong asset base relative to liabilities.

Cash Flow

Cash flow analysis reveals a significant 42.39% growth in free cash flow, indicating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, reflecting efficient conversion of earnings into cash. The free cash flow to net income ratio further supports the company's ability to generate cash relative to its earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.32B	7.03B	5.21B	4.14B	3.07B	2.86B
Gross Profit	1.95B	1.48B	990.51M	741.61M	563.21M	546.98M
EBITDA	1.18B	817.10M	478.63M	329.30M	264.20M	259.18M
Net Income	837.62M	522.43M	323.40M	245.95M	143.35M	150.14M
Balance Sheet
Total Assets	5.78B	4.71B	3.31B	2.60B	2.21B	1.76B
Cash, Cash Equivalents and Short-Term Investments	881.22M	549.94M	205.15M	57.21M	58.78M	54.90M
Total Debt	423.74M	308.60M	256.77M	389.14M	514.78M	332.89M
Total Liabilities	3.54B	3.01B	2.03B	1.60B	1.40B	1.06B
Stockholders Equity	2.23B	1.70B	1.28B	999.92M	805.67M	696.43M
Cash Flow
Free Cash Flow	798.79M	737.99M	544.73M	253.17M	157.82M	262.38M
Operating Cash Flow	928.28M	849.06M	639.57M	301.53M	180.15M	286.51M
Investing Cash Flow	-275.49M	-343.51M	-193.01M	-97.18M	-246.72M	-207.80M
Financing Cash Flow	-207.85M	-160.76M	-298.62M	-205.91M	70.45M	-74.60M

Comfort Systems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 957.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIX, the sentiment is Positive. The current price of 957.78 is above the 20-day moving average (MA) of 901.87, above the 50-day MA of 827.06, and above the 200-day MA of 560.86, indicating a bullish trend. The MACD of 46.81 indicates Negative momentum. The RSI at 60.14 is Neutral, neither overbought nor oversold. The STOCH value of 57.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FIX.

Comfort Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FIX	80 Outperform	$33.72B	40.48	43.84%	0.21%	27.71%	80.54%
EME	74 Outperform	$29.30B	26.32	37.10%	0.15%	14.11%	26.26%
FLR	73 Outperform	$7.47B	1.95	102.24%	―	3.62%	943.43%
PRIM	70 Outperform	$6.92B	25.30	18.56%	0.25%	21.45%	67.31%
BLD	70 Neutral	$11.76B	20.60	26.18%	―	-1.28%	-0.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MTRX	48 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%

Comfort Systems Corporate Events

Comfort Systems USA Reports Record Q3 Earnings

Comfort Systems USA’s latest earnings call painted a picture of robust growth and strategic success. The company reported record earnings and significant revenue growth across its segments, driven by a strong backlog and strategic acquisitions. Despite some challenges with increased SG&A expenses and a decline in manufacturing revenues, the overall sentiment was positive, highlighting strong demand and effective capital allocation as key drivers for future growth.

Comfort Systems Reports Q3 2025 Financial Results

On October 23, 2025, Comfort Systems USA announced its financial results for the third quarter of 2025, reporting a significant increase in net income to $291.6 million and revenue to $2.45 billion compared to the same period in 2024. The company also achieved a record backlog of $9.38 billion and completed the acquisition of two electrical companies, enhancing its market presence and anticipating over $200 million in additional annual revenue.

The most recent analyst rating on (FIX) stock is a Buy with a $954.00 price target. To see the full list of analyst forecasts on Comfort Systems stock, see the FIX Stock Forecast page.

Comfort Systems Expands Credit Facility to $1.1 Billion

On August 27, 2025, Comfort Systems USA, Inc. entered into an amended and restated senior secured revolving credit facility with Wells Fargo Bank and a syndicate of lenders, increasing its revolving line of credit from $850 million to $1.1 billion. This new facility, which matures on October 1, 2030, includes options for further credit increases and imposes financial covenants on the company, potentially impacting its financial flexibility and strategic operations.

The most recent analyst rating on (FIX) stock is a Buy with a $802.00 price target. To see the full list of analyst forecasts on Comfort Systems stock, see the FIX Stock Forecast page.

Comfort Systems Releases Investor Presentation July 2025

On July 29, 2025, Comfort Systems USA, Inc. released an investor presentation on its website, which includes non-GAAP financial measures to provide supplemental insights into its core business performance. The company emphasizes that these measures should not replace GAAP results. The presentation highlights the company’s strong market presence in sectors such as technology, life sciences, and healthcare, and discusses its financial strength, including positive cash flow and increased dividends. The company also outlines its commitment to sustainability and employee well-being, showcasing initiatives like the Talent Advisory Group and comprehensive support programs for employees.

The most recent analyst rating on (FIX) stock is a Buy with a $370.00 price target. To see the full list of analyst forecasts on Comfort Systems stock, see the FIX Stock Forecast page.

Comfort Systems USA Reports Record Earnings and Growth

Comfort Systems USA’s recent earnings call exuded a predominantly positive sentiment, underscoring the company’s exceptional financial performance. The call highlighted record-breaking revenue and profit growth, alongside a substantial backlog, which collectively emphasize the company’s robust market position. Despite some concerns regarding economic uncertainty and tariff impacts, the overall sentiment was overwhelmingly optimistic, with positive developments far outweighing potential challenges.