Comfort Systems (FIX) AI Stock Analysis

• Market Cap: $24.34B
• Dividend Yield: 0.25%
• Average Volume (3M): 394.76K
• Price to Earnings (P/E): 35.5
• Beta (1Y): 1.89
• Revenue Growth: 26.33%
• EPS Growth: 63.32%
• Country: US
• Employees: 18,300
• Sector: Industrials
• Sector Strength: 83
• Industry: Engineering & Construction
• EPS (TTM): 6.53
• Shares Outstanding: 35,281,452
• 10 Day Avg. Volume: 423,461
• 30 Day Avg. Volume: 394,761
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 2.46
• Enterprise Value/Gross Profit: 10.95
• Enterprise Value/Ebitda: 19.11
• 1Y Price Target: $730.20
• Price Target Upside: 5.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 74 Outperform
• Price Target: $770.00 ▲(11.62% Upside)

Comfort Systems USA receives a strong overall score driven by excellent financial performance and positive earnings call insights. Technical analysis suggests a cautious approach due to potential overbought conditions. Valuation metrics indicate overvaluation risks, which should be weighed against strong growth prospects and positive market sentiment.

Positive Factors

Revenue Growth

2Q25 revenue was ahead of expectations and increased 20% year-over-year.

Technology Market Performance

The technology end market increased 66% year-over-year and accounted for 43% of sales, primarily due to data centers.

Negative Factors

Market Reaction

Despite the quite strong quarterly performance, a negative share price reaction was due to a number of factors including general market weakness and high expectations.

Comfort Systems Business Overview & Revenue Model

Company Description

Comfort Systems (FIX) is a leading provider of HVAC (heating, ventilation, and air conditioning) services, specializing in the design, installation, and maintenance of climate control systems across various sectors, including residential, commercial, and industrial markets. The company focuses on delivering high-quality, energy-efficient solutions that enhance indoor air quality and comfort. With a commitment to innovation and customer satisfaction, Comfort Systems offers a range of products and services designed to meet the evolving needs of its clients.

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 strong financial performance with robust revenue and profit growth, supported by solid operational margins. The balance sheet is healthy with low debt levels and increasing equity. Cash flows are consistently positive, enhancing the company's operational and growth prospects, although some metrics show room for improvement.

Income Statement

Comfort Systems has demonstrated strong revenue growth with a notable increase from $2.86 billion in 2020 to $7.68 billion TTM (Trailing-Twelve-Months) in 2025. Gross profit and net profit margins are robust, showing efficiency in managing costs. The EBIT and EBITDA margins have improved consistently, reflecting better operational performance. Revenue growth rate has been impressive year-on-year, indicating a strong market position.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio, showing prudent financial leverage. Stockholders' equity has been increasing, supporting a strong equity ratio. However, the return on equity, while positive, indicates room for improvement in efficiently utilizing shareholders' funds.

Cash Flow

Operating cash flows have been consistently positive and growing, allowing for substantial free cash flow after capital expenditures. The free cash flow to net income ratio suggests effective cash generation relative to earnings. However, the operating cash flow to net income ratio has seen some fluctuations, highlighting potential variations in cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.68B	7.03B	5.21B	4.14B	3.07B	2.86B
Gross Profit	1.73B	1.48B	990.51M	741.61M	563.21M	546.98M
EBITDA	990.83M	818.69M	497.65M	352.45M	282.51M	276.90M
Net Income	692.24M	522.43M	323.40M	245.95M	143.35M	150.14M
Balance Sheet
Total Assets	5.06B	4.71B	3.31B	2.60B	2.21B	1.76B
Cash, Cash Equivalents and Short-Term Investments	331.71M	549.94M	205.15M	57.21M	58.78M	54.90M
Total Debt	283.65M	308.60M	256.77M	389.14M	514.78M	332.89M
Total Liabilities	3.09B	3.01B	2.03B	1.60B	1.40B	1.06B
Stockholders Equity	1.97B	1.70B	1.28B	999.92M	805.67M	696.43M
Cash Flow
Free Cash Flow	560.97M	737.99M	544.73M	253.17M	157.82M	262.38M
Operating Cash Flow	677.19M	849.06M	639.57M	301.53M	180.15M	286.51M
Investing Cash Flow	-244.06M	-343.51M	-193.01M	-97.18M	-246.72M	-207.80M
Financing Cash Flow	-300.83M	-160.76M	-298.62M	-205.91M	70.45M	-74.60M

Comfort Systems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 689.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 689.86 is above the 20-day moving average (MA) of 658.76, above the 50-day MA of 574.15, and above the 200-day MA of 456.95, indicating a bullish trend. The MACD of 40.65 indicates Positive momentum. The RSI at 66.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.57 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
EME	80 Outperform	$28.32B	26.25	38.14%	0.16%	13.77%	37.96%
ACM	79 Outperform	$16.01B	24.58	28.17%	0.83%	1.50%	164.17%
APG	78 Outperform	$14.72B	104.84	8.26%	―	7.59%	―
FIX	74 Outperform	$24.34B	35.45	40.09%	0.25%	26.33%	63.32%
BLD	74 Outperform	$12.29B	21.52	26.41%	―	-0.77%	4.34%
MTZ	72 Outperform	$14.05B	52.82	9.38%	―	7.08%	3273.27%
Sector *	65 Neutral	€1.65B	5.97	7.15%	3.60%	0.26%	-31.25%

Comfort Systems Corporate Events

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 Reports Strong Q2 2025 Results

On July 24, 2025, Comfort Systems USA reported its second quarter results for the period ending June 30, 2025, showcasing a significant increase in net income and revenue compared to the previous year. The company achieved a net income of $230.8 million, or $6.53 per diluted share, a substantial rise from $134.0 million, or $3.74 per diluted share, in the second quarter of 2024. Revenue also increased to $2.17 billion from $1.81 billion in the previous year. The company’s backlog as of June 30, 2025, reached $8.12 billion, reflecting strong market demand and a robust pipeline, which positions Comfort Systems USA optimistically for continued success into 2026.

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 Expands Stock Repurchase Program

On May 16, 2025, Comfort Systems USA held its Annual Meeting of Stockholders, achieving a 92.05% quorum. The meeting included the election of board members, ratification of Deloitte & Touche LLP as the independent accounting firm, and an advisory vote on executive compensation. Additionally, on May 22, 2025, the company announced an amendment to its stock repurchase program, allowing for the acquisition of up to 1,000,000 additional shares. This move aims to enhance shareholder value and is expected to be financed with available cash, with repurchases made at the company’s discretion based on market conditions.

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.