InsiderClue
Stocks · Industrials · Electrical Work

Comfort Systems USA

FIX Clue Score74
United States Fiscal year ends December CIK 0001035983
$1,715.69 +0.55% Close, 9 Oct 2026
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Price $1,715.69 +2,096.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,634.3Operating income101.6Net income64.9EPS, diluted1.72Fiscal year 2017Revenue1,787.9 +9.4%Operating income99.3Net income55.3 −14.8%EPS, diluted1.47 −14.5%Fiscal year 2018Revenue2,182.9 +22.1%Operating income150.2Net income112.9 +104.3%EPS, diluted3.00 +104.1%Fiscal year 2019Revenue2,615.3 +19.8%Operating income163.6Net income114.3 +1.3%EPS, diluted3.08 +2.7%Fiscal year 2020Revenue2,856.7 +9.2%Operating income190.7Net income150.1 +31.3%EPS, diluted4.09 +32.8%Fiscal year 2021Revenue3,073.6 +7.6%Operating income188.4Net income143.3 −4.5%EPS, diluted3.93 −3.9%Fiscal year 2022Revenue4,140.4 +34.7%Operating income253.8Net income245.9 +71.6%EPS, diluted6.82 +73.5%Fiscal year 2023Revenue5,206.8 +25.8%Operating income418.4Net income323.4 +31.5%EPS, diluted9.01 +32.1%Fiscal year 2024Revenue7,027.5 +35.0%Operating income749.4Net income522.4 +61.5%EPS, diluted14.60 +62.0%Fiscal year 2025Revenue9,101.6 +29.5%Operating income1,314.6Net income1,022.6 +95.7%EPS, diluted28.88 +97.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,634.3 1,787.9 2,182.9 2,615.3 2,856.7 3,073.6 4,140.4 5,206.8 7,027.5 9,101.6
Growth +9.4% +22.1% +19.8% +9.2% +7.6% +34.7% +25.8% +35.0% +29.5%
Operating income 101.6 99.3 150.2 163.6 190.7 188.4 253.8 418.4 749.4 1,314.6
Net income 64.9 55.3 112.9 114.3 150.1 143.3 245.9 323.4 522.4 1,022.6
Growth −14.8% +104.3% +1.3% +31.3% −4.5% +71.6% +31.5% +61.5% +95.7%
EPS, diluted 1.72 1.47 3.00 3.08 4.09 3.93 6.82 9.01 14.60 28.88
Growth −14.5% +104.1% +2.7% +32.8% −3.9% +73.5% +32.1% +62.0% +97.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin21.0%Operating margin6.2%Net margin4.0%Free cash flow margin4.2%Fiscal year 2017Gross margin20.5%Operating margin5.6%Net margin3.1%Free cash flow margin4.4%Fiscal year 2018Gross margin20.4%Operating margin6.9%Net margin5.2%Free cash flow margin5.5%Fiscal year 2019Gross margin19.2%Operating margin6.3%Net margin4.4%Free cash flow margin4.2%Fiscal year 2020Gross margin19.1%Operating margin6.7%Net margin5.3%Free cash flow margin9.2%Fiscal year 2021Gross margin18.3%Operating margin6.1%Net margin4.7%Free cash flow margin5.1%Fiscal year 2022Gross margin17.9%Operating margin6.1%Net margin5.9%Free cash flow margin6.1%Fiscal year 2023Gross margin19.0%Operating margin8.0%Net margin6.2%Free cash flow margin10.5%Fiscal year 2024Gross margin21.0%Operating margin10.7%Net margin7.4%Free cash flow margin10.5%Fiscal year 2025Gross margin24.1%Operating margin14.4%Net margin11.2%Free cash flow margin11.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 21.0% 20.5% 20.4% 19.2% 19.1% 18.3% 17.9% 19.0% 21.0% 24.1%
Operating margin 6.2% 5.6% 6.9% 6.3% 6.7% 6.1% 6.1% 8.0% 10.7% 14.4%
Net margin 4.0% 3.1% 5.2% 4.4% 5.3% 4.7% 5.9% 6.2% 7.4% 11.2%
Free cash flow margin 4.2% 4.4% 5.5% 4.2% 9.2% 5.1% 6.1% 10.5% 10.5% 11.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow91.2Capital expenditure−23.2Free cash flow68.0Buybacks−13.1Dividends paid−10.3Fiscal year 2017Operating cash flow114.1Capital expenditure−35.5Free cash flow78.6 +15.7%Buybacks−9.0Dividends paid−11.0Fiscal year 2018Operating cash flow147.2Capital expenditure−27.3Free cash flow119.9 +52.5%Buybacks−28.5Dividends paid−12.3Fiscal year 2019Operating cash flow142.0Capital expenditure−31.8Free cash flow110.3 −8.0%Buybacks−19.6Dividends paid−14.5Fiscal year 2020Operating cash flow286.5Capital expenditure−24.1Free cash flow262.4 +137.9%Buybacks−30.1Dividends paid−15.5Fiscal year 2021Operating cash flow180.2Capital expenditure−22.3Free cash flow157.8 −39.8%Buybacks−27.1Dividends paid−17.4Fiscal year 2022Operating cash flow301.5Capital expenditure−48.4Free cash flow253.2 +60.4%Buybacks−38.2Dividends paid−20.1Fiscal year 2023Operating cash flow639.6Capital expenditure−94.8Free cash flow544.7 +115.2%Buybacks−21.2Dividends paid−30.4Fiscal year 2024Operating cash flow849.1Capital expenditure−111.1Free cash flow738.0 +35.5%Buybacks−57.9Dividends paid−42.8Fiscal year 2025Operating cash flow1,186.4Capital expenditure−154.9Free cash flow1,031.5 +39.8%Buybacks−216.0Dividends paid−68.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 91.2 114.1 147.2 142.0 286.5 180.2 301.5 639.6 849.1 1,186.4
Capital expenditure −23.2 −35.5 −27.3 −31.8 −24.1 −22.3 −48.4 −94.8 −111.1 −154.9
Free cash flow 68.0 78.6 119.9 110.3 262.4 157.8 253.2 544.7 738.0 1,031.5
Growth +15.7% +52.5% −8.0% +137.9% −39.8% +60.4% +115.2% +35.5% +39.8%
Buybacks −13.1 −9.0 −28.5 −19.6 −30.1 −27.1 −38.2 −21.2 −57.9 −216.0
Dividends paid −10.3 −11.0 −12.3 −14.5 −15.5 −17.4 −20.1 −30.4 −42.8 −68.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash32.1Total debt2.6Net cash (debt)29.5Shareholders’ equity376.6Debt to equity0.01Fiscal year 2017Cash36.5Total debt60.5Net cash (debt)−24.0Shareholders’ equity417.9Debt to equity0.14Fiscal year 2018Cash45.6Total debt76.9Net cash (debt)−31.3Shareholders’ equity498.0Debt to equity0.15Fiscal year 2019Cash50.8Total debt226.1Net cash (debt)−175.3Shareholders’ equity585.3Debt to equity0.39Fiscal year 2020Cash54.9Total debt235.7Net cash (debt)−180.8Shareholders’ equity696.4Debt to equity0.34Fiscal year 2021Cash58.8Total debt388.0Net cash (debt)−329.3Shareholders’ equity805.7Debt to equity0.48Fiscal year 2022Cash57.2Total debt256.2Net cash (debt)−199.0Shareholders’ equity999.9Debt to equity0.26Fiscal year 2023Cash205.2Total debt44.2Net cash (debt)160.9Shareholders’ equity1,277.8Debt to equity0.03Fiscal year 2024Cash549.9Total debt68.3Net cash (debt)481.6Shareholders’ equity1,704.7Debt to equity0.04Fiscal year 2025Cash981.9Total debt145.2Net cash (debt)836.7Shareholders’ equity2,448.8Debt to equity0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 32.1 36.5 45.6 50.8 54.9 58.8 57.2 205.2 549.9 981.9
Total debt 2.6 60.5 76.9 226.1 235.7 388.0 256.2 44.2 68.3 145.2
Net cash (debt) 29.5 −24.0 −31.3 −175.3 −180.8 −329.3 −199.0 160.9 481.6 836.7
Shareholders’ equity 376.6 417.9 498.0 585.3 696.4 805.7 999.9 1,277.8 1,704.7 2,448.8
Debt to equity 0.01 0.14 0.15 0.39 0.34 0.48 0.26 0.03 0.04 0.06

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
91.2 114.1 147.2 142.0 286.5 180.2 301.5 639.6 849.1 1,186.4
Growth +25.1% +29.0% −3.5% +101.7% −37.1% +67.4% +112.1% +32.8% +39.7%
Investment
−23.2 −35.5 −27.3 −31.8 −24.1 −22.3 −48.4 −94.8 −111.1 −154.9
calc 68.0 78.6 119.9 110.3 262.4 157.8 253.2 544.7 738.0 1,031.5
Growth +15.7% +52.5% −8.0% +137.9% −39.8% +60.4% +115.2% +35.5% +39.8%
calc 1.80 2.09 3.19 2.97 7.14 4.33 7.02 15.18 20.63 29.13
−79.3 −129.0 −95.7 −224.5 −207.8 −246.7 −97.2 −193.0 −343.5 −467.3
Financing
−36.3 19.3 −42.4 87.6 −74.6 70.5 −205.9 −298.6 −160.8 −287.1
−10.3 −11.0 −12.3 −14.5 −15.5 −17.4 −20.1 −30.4 −42.8 −68.8
−13.1 −9.0 −28.5 −19.6 −30.1 −27.1 −38.2 −21.2 −57.9 −216.0

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.