Comfort Systems USA, Inc.
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Range $1910 – $2200
Price Chart
About the company
Comfort Systems USA, Inc. , together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments: Mechanical and Electrical.
- CEO
- Brian E. Lane
- IPO
- 1997
- Employees
- 22,700
- HQ
- Houston, TX, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a powerful long-term uptrend, trading well above its 200-day moving average of 1545.4 and only modestly above its 50-day average of 1663.4. It is still working below its 52-week high of 2072.1, so the regime is strong but not stretched into new-high breakout territory.
Street sentiment stays constructive: consensus is Buy with a 4.71/5 score, and the average target at 2080 sits above the current price. Recent action has been mostly reaffirmations and target raises, including UBS, KeyBanc, Goldman Sachs, and Stifel, which points to continued confidence in the setup.
The earnings trend is excellent, with 7 straight beats and the last four surprises ranging from 20.7% to 54.3%. Next-quarter EPS is estimated at 12.42, and full-year 2026 EPS is projected at 49.01 versus 26.27 for 2025, so shareholders should watch whether margin and revenue momentum keep pace.
Recent insider activity leans negative on discretionary trades, with 6 sells and no buys. The largest sales came from the CEO, CFO, and a director, while the award and gift entries look routine and should not be read as conviction signals.
Profitability is strong, with a 25.7% gross margin, 17.1% operating margin, and 12.8% net margin. Growth is still accelerating, with revenue up 50.3% year over year and earnings up 91.9%, while the balance sheet remains net cash at 196 million.
FIX stands out on execution and profitability versus most construction and engineering peers, helped by high returns and consistent earnings beats. The valuation is rich at 40.68x earnings, so the market is paying up for sustained growth and margin durability.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $61.55B
- P/E
- 42.97
- Fwd P/E
- 35.69
- PEG
- 0.40
- P/S
- 5.48
- P/B
- 19.15
- EV/EBITDA
- 30.65
- Div Yield
- 0.17%
- Gross Margin
- 25.67%
- Op Margin
- 16.46%
- Net Margin
- 12.78%
- ROE
- 53.55%
- ROIC
- 38.80%
Latest fiscal year · YoY change
- Revenue
- $9.10B+29.5%
- Gross Profit
- $2.20B+48.7%
- Op Income
- $1.31B
- Net Income
- $1.02B+95.7%
- EPS
- $28.93+97.6%
- OCF Growth
- +39.7%
- FCF Growth
- +39.8%
- 52W High
- $2073.99
- 52W Low
- $770.47
- 50D MA
- $1656.47
- 200D MA
- $1559.65
- Beta
- 1.68
- RSI (14)
- 62
- Avg Volume
- 408.59K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Comfort Systems USA posted a record quarter with revenue above $3 billion, EPS up 92%, and backlog at a new high as data center-driven demand and modular expansion remained strong.· July 24, 2026
- Quarterly revenue topped $3 billion for the first time, with Q2 2026 revenue of $3.3 billion and EPS of $12.53, up 92% year over year.
- Gross profit was $844 million and gross margin expanded to 25.9% from 23.5% a year ago; operating margin also improved to 17.1%.
- Backlog rose to a record $14.1 billion, up $5.9 billion year over year and $1.6 billion sequentially, with strength led by Technology.
- Free cash flow was $999 million in the quarter and the company ended with over $1.8 billion of net cash.
- Management raised the quarterly dividend by $0.10 to $0.90 per share and reiterated heavy CapEx to support growth, including modular capacity expansion.
Q2 2026 revenue was $3.3 billion, up $1.1 billion year over year. Net income was $442 million, or $12.53 per share, versus $231 million, or $6.53 per share, a year ago. Gross profit was $844 million versus $510 million last year, and gross margin improved to 25.9% from 23.5%. Operating income increased to $558 million from $300 million, and operating margin rose to 17.1% from 13.8%. EBITDA was $600 million versus $334 million last year, and free cash flow was $999 million. Management said same-store revenue growth was 44% in the quarter and expects full-year same-store growth to finish in the mid- to high 30% range. Full-year effective tax rate is expected to be around 23%. Backlog ended at a record $14.1 billion, up $5.9 billion year over year and $1.6 billion sequentially. Capital expenditures for full year 2026 are expected to be approximately 5% of revenue, and the company ended the quarter in a net cash position of over $1.8 billion.
Brian Lane characterized the quarter as “fantastic” and said execution was “amazing” across the company. He emphasized record revenue, strong demand in Technology, rising bookings, and a new backlog high, while also highlighting the Hunt Electric acquisition as a strategic fit and calling the company “bullish long term” on its industry. His tone was very upbeat and confident, with repeated emphasis on the quality of the team and the strength of customer demand.
Bill George said results were “extraordinary,” citing 44% same-store revenue growth, nearly $1 billion of free cash flow, EBITDA up 80%, and gross margin of 25.9%. He noted SG&A rose to $287 million but fell to 8.8% of revenue from 9.7% last year, helping operating income grow 86% to $558 million. He also said full-year CapEx should be about 5% of revenue, the tax rate should be around 23%, and the company remains in a net cash position of over $1.8 billion despite acquisition spending and major investment.
Analysts focused heavily on cash flow, modular capacity, backlog duration, and whether data center sentiment or local moratoriums could slow demand. Management said the $999 million of free cash flow reflected broad health in the business plus some advanced cash and strong payment terms, while capital deployment will continue to prioritize owned facilities, selective buybacks, and acquisitions. On modular, they said the 5 million square foot target is mainly tied to existing customers and multiyear commitments, not speculation, and that new pilot customers could require more space later. On data centers, they said they see no sign of a demand letdown and believe the work will continue to get built despite public pushback.
The bull case from this call is that demand is still accelerating, especially in Technology and data centers, with record backlog, strong bookings, and expanding modular capacity backed by customer commitments. Margins, earnings, and cash generation all improved sharply, while management sounded highly confident about continued growth into 2027.
The main risks discussed were how much of the current growth is tied to data-center demand, which is attracting political and public scrutiny, and whether future moratoriums or power constraints could affect project timing. Management also acknowledged that the company is investing heavily in CapEx and modular capacity, so growth depends on customers continuing to provide volume commitments and on the company executing large projects without outkicking its coverage.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.8%
- Shares Outstanding
- 35.19M
- Float Shares
- 34.76M
of shares held by institutions
1,240 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for FIX, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 4.31M | ▲ 625.57K |
| Blackrock, Inc. | 3.40M | ▼ 115.24K |
| Vanguard Capital Management LLC | 2.30M | ▲ 11.56K |
| Vanguard Portfolio Management LLC | 1.87M | ▼ 15.01K |
| Fmr LLC | 1.66M | ▲ 210.28K |
| State Street Corp | 1.54M | ▲ 65.26K |
| Geode Capital Management, LLC | 1.15M | ▼ 87.27K |
| Aqr Capital Management LLC | 1.06M | ▼ 57.21K |
| Jpmorgan Chase & Co | 838.42K | ▼ 51.47K |
| Capital World Investors | 720.24K | ▼ 145.54K |
| Invesco Ltd. | 658.31K | ▲ 51.73K |
| Norges Bank | 471.56K | ▲ 471.56K |
Held by 1,994 ETFs
Biggest fund positions in FIX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 26, 26 | Lane Brian E. | sell | 16,024 |
| Aug 17, 26 | GEORGE WILLIAM III | sell | 2,554 |
| Aug 10, 26 | MYERS FRANKLIN | sell | 3,500 |
| Aug 11, 26 | MYERS FRANKLIN | sell | 4,000 |
| Jul 1, 26 | Sasser Craig | other | 0 |
| Jul 1, 26 | Sasser Craig | other | 0 |
| Jun 24, 26 | MYERS FRANKLIN | sell | 6,700 |
| May 27, 26 | Hardy Rhoman J | sell | 342 |
| May 21, 26 | MYERS FRANKLIN | other | 273 |
| May 18, 26 | ANDERSON DARCY | other | 105 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our FIX coverage
Recent articles, reports, and earnings notes.

Comfort Systems USA (FIX): Data Center Demand Drives Record Backlog
Comfort Systems USA is firing on all cylinders, with record backlog, surging data center demand, and sharply higher margins driving a Buy case. Valuation is rich, but execution and cash generation remain exceptional.

Comfort Systems USA, Inc. (FIX) gains on deep earnings analysis
Comfort Systems USA, Inc. (FIX) posted a strong earnings beat, and the stock gained after the report. This deep-dive looks beyond the headline, covering accelerating revenue, margin strength, record backlog, data center demand, and what management’s outlook suggests for the next leg of the run.

Comfort Systems USA, Inc. (FIX) gains on earnings beats
Comfort Systems USA, Inc. (FIX) gains 1.3% after reporting earnings beats, as investors react positively to the company’s stronger-than-expected quarterly results.
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Comfort Systems USA, Inc. $FIX Position Cut by Argent Capital Management LLC
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Is Comfort Systems' 92% EPS Surge Just the Start of More Gains Ahead?
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Comfort Systems USA Is a $1,600 Stock Almost Nobody Owns. Here's Why It Keeps Crushing the Market.
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Comfort Systems (FIX) Exceeds Market Returns: Some Facts to Consider
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Comfort Systems vs. EMCOR: Which Stock Is the Better Buy?
zacks.com · Sep 29
Why Hunt Electric Could Be a Strong Deal for Comfort Systems
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Will Favorable Project Revisions Support Comfort Systems' Execution?
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AI's Physical Bottleneck Isn't Chips. It's These Contractors.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 1, 2026 · Live quote · Not investment advice