Comfort Systems Usa, Inc. (FIX) Financial Statements

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Comfort Systems Usa financial statements at a glance

Comfort Systems Usa reported revenue of $9.10 billion for fiscal year 2025 (ended December 31, 2025), up 29.5% from fiscal year 2024. Net income was $1.02 billion, a net margin of 11.2%, and diluted earnings per share were $28.88.

At the end of fiscal year 2025 it had total assets of $6.44 billion, total liabilities of $3.99 billion and shareholders' equity of $2.45 billion, with cash and short-term investments of $981.90 million and total debt of $483.36 million.

Its operations brought in $1.19 billion of cash; capital spending was $154.90 million, leaving free cash flow of $1.03 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

FIX logo

Comfort Systems Usa, Inc.

FIXUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
9.10B
Prev Year: 7.03B
YoY: +29.5%
Operating Revenue
9.10B
Prev Year: 7.03B
YoY: +29.5%
Total Unusual Items
-31.50M
Prev Year: -85.12M
YoY: +63.0%
Normalized EBITDA
1.47B
Prev Year: 902.21M
YoY: +63.4%
Tax Rate for Calcs
0.209
Prev Year: 0
Tax Effect of Unusual Items
-6.58M
Prev Year: -18.39M
YoY: +64.2%
Diluted NI Available to Com Stockholders
1.02B
Prev Year: 522.43M
YoY: +95.7%
Other Income Expense
-31.76M
Prev Year: -84.68M
YoY: +62.5%
Other Non-operating Income (expense)
-258.0K
Prev Year: 432.0K
YoY: -159.7%
Special Income Charges
-31.50M
Prev Year: -85.12M
YoY: +63.0%
Gain on Sale of Property, Plant and Equipment
1.97M
Prev Year: 3.03M
YoY: -34.9%
Restructuring and Mergers Acquisition
33.47M
Prev Year: 88.15M
YoY: -62.0%
Cost of Revenue
6.91B
Prev Year: 5.55B
YoY: +24.4%
Gross Profit
2.20B
Prev Year: 1.48B
YoY: +48.7%
Operating Expense
883.28M
Prev Year: 730.07M
YoY: +21.0%
Selling General and Administrative
883.28M
Prev Year: 730.07M
YoY: +21.0%
Operating Income
1.31B
Prev Year: 746.34M
YoY: +75.9%
Net Non Operating Interest Income Expense
12.60M
Prev Year: 4.91M
YoY: +156.7%
Non-operating Interest Income
21.60M
Prev Year: 11.55M
YoY: +87.0%
Non-operating Interest Expense
6.98M
Prev Year: 5.05M
YoY: +38.2%
Total Other Finance Cost
2.03M
Prev Year: 1.60M
YoY: +26.9%
Pre-tax Income
1.29B
Prev Year: 666.56M
YoY: +94.0%
Provision for Income Taxes
270.89M
Prev Year: 144.13M
YoY: +88.0%
Net Income Common Stockholders
1.02B
Prev Year: 522.43M
YoY: +95.7%
Net Income
1.02B
Prev Year: 522.43M
YoY: +95.7%
Net Income Including Non-Controlling Interests
1.02B
Prev Year: 522.43M
YoY: +95.7%
Net Income from Continuing Operations
1.02B
Prev Year: 522.43M
YoY: +95.7%
Basic EPS
28.93
Diluted EPS
28.88
Weighted Average Shares (basic)
35.35M
Weighted Average Shares (diluted)
35.41M
Total Operating Income as Reported
1.31B
Prev Year: 749.37M
YoY: +75.4%
Total Expenses
7.79B
Prev Year: 6.28B
YoY: +24.0%
Net Income from Continuing and Discontinued Operation
1.02B
Prev Year: 522.43M
YoY: +95.7%
Normalized Income
1.05B
Prev Year: 589.16M
YoY: +77.8%
Interest Income
21.60M
Prev Year: 11.55M
YoY: +87.0%
Interest Expense
6.98M
Prev Year: 5.05M
YoY: +38.2%
Net Interest Income
12.60M
Prev Year: 4.91M
YoY: +156.7%
EBIT
1.30B
Prev Year: 671.61M
YoY: +93.6%
EBITDA
1.44B
Prev Year: 817.10M
YoY: +76.5%
Reconciled Cost of Revenue
6.91B
Prev Year: 5.55B
YoY: +24.4%
Reconciled Depreciation
141.96M
Prev Year: 145.49M
YoY: -2.4%
Net Income from Continuing Operation Net Minority Interest
1.02B
Prev Year: 522.43M
YoY: +95.7%
Total Unusual Items Excluding Goodwill
-31.50M
Prev Year: -85.12M
YoY: +63.0%
Values in USD

Comfort Systems Usa key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$9.1B$7.0B$5.2B$4.1B$3.1B
Gross profit$2.2B$1.5B$990.5M$741.6M$563.2M
Operating income$1.3B$746.3M$416.1M$252.3M$186.9M
Net income$1.0B$522.4M$323.4M$245.9M$143.3M
Diluted EPS$28.88–$9.01$6.82$3.93
Total assets$6.4B$4.7B$3.3B$2.6B$2.2B
Total liabilities$4.0B$3.0B$2.0B$1.6B$1.4B
Shareholders' equity$2.4B$1.7B$1.3B$999.9M$805.7M
Cash and short-term investments$981.9M$549.9M$205.2M$57.2M$58.8M
Total debt$483.4M$308.6M$256.8M$389.1M$514.8M
Operating cash flow$1.2B$849.1M$639.6M$301.5M$180.2M
Capital spending$154.9M$111.1M$94.8M$48.4M$22.3M
Free cash flow$1.0B$738.0M$544.7M$253.2M$157.8M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Comfort Systems Usa's revenue in fiscal year 2025?

$9.10 billion, up 29.5% from $7.03 billion in fiscal year 2024.

How much profit does Comfort Systems Usa make?

Comfort Systems Usa reported net income of $1.02 billion for fiscal year 2025 (11.2% of revenue); operating income was $1.31 billion.

How much cash and debt does Comfort Systems Usa have?

At the end of fiscal year 2025: cash and short-term investments of $981.90 million and total debt of $483.36 million.

What is Comfort Systems Usa's free cash flow?

$1.03 billion in fiscal year 2025 (operating cash flow of $1.19 billion minus capital spending of $154.90 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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