Comfort Sys Usa Financials
This page shows Comfort Sys Usa (FIX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Comfort Sys Usa has an operating margin of 10.7%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 8.0% the prior year.
Comfort Sys Usa's revenue surged 35.0% year-over-year to $7.0B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Comfort Sys Usa carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Comfort Sys Usa's current ratio of 1.08 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
Comfort Sys Usa has a free cash flow margin of 10.5%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Comfort Sys Usa earns a strong 30.6% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 25.3% the prior year.
Comfort Sys Usa scores 11.97, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($47.2B) relative to total liabilities ($3.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Comfort Sys Usa passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Comfort Sys Usa generates $1.63 in operating cash flow ($849.1M OCF vs $522.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Comfort Sys Usa earns $112.7 in operating income for every $1 of interest expense ($749.4M vs $6.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Comfort Sys Usa generated $7.0B in revenue in fiscal year 2024. This represents an increase of 35.0% from the prior year.
Comfort Sys Usa's EBITDA was $797.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 74.7% from the prior year.
Comfort Sys Usa generated $738.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 35.5% from the prior year.
Comfort Sys Usa reported $522.4M in net income in fiscal year 2024. This represents an increase of 61.5% from the prior year.
Comfort Sys Usa earned $14.60 per diluted share (EPS) in fiscal year 2024. This represents an increase of 62.0% from the prior year.
Comfort Sys Usa held $549.9M in cash against $62.3M in long-term debt as of fiscal year 2024.
Comfort Sys Usa paid $1.20 per share in dividends in fiscal year 2024. This represents an increase of 41.2% from the prior year.
Comfort Sys Usa had 36M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.
Comfort Sys Usa's gross margin was 21.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Comfort Sys Usa's operating margin was 10.7% in fiscal year 2024, reflecting core business profitability. This is up 2.6 percentage points from the prior year.
Comfort Sys Usa's net profit margin was 7.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
Comfort Sys Usa's ROE was 30.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the prior year.
Comfort Sys Usa spent $57.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 173.4% from the prior year.
Comfort Sys Usa invested $111.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 17.1% from the prior year.
FIX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B+12.8% | $2.2B+18.7% | $1.8B-2.0% | $1.9B+3.2% | $1.8B+17.8% | $1.5B+13.2% | $1.4B-1.5% | $1.4B |
| Cost of Revenue | $1.8B+10.8% | $1.7B+16.5% | $1.4B-0.4% | $1.4B-0.9% | $1.4B+16.7% | $1.2B+15.0% | $1.1B-2.1% | $1.1B |
| Gross Profit | $607.9M+19.2% | $509.9M+26.4% | $403.4M-7.0% | $433.7M+19.3% | $363.6M+22.3% | $297.4M+6.3% | $279.7M+0.8% | $277.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $229.6M+9.1% | $210.5M+8.0% | $194.9M-6.1% | $207.6M+15.7% | $179.5M+10.3% | $162.7M+1.7% | $160.0M+12.0% | $142.9M |
| Operating Income | $378.9M+26.3% | $299.9M+43.4% | $209.1M-7.6% | $226.4M+22.6% | $184.7M+36.3% | $135.5M+12.6% | $120.3M-11.0% | $135.1M |
| Interest Expense | $3.0M+85.3% | $1.6M-0.9% | $1.6M+2.7% | $1.6M-7.8% | $1.7M+4.7% | $1.6M+307.2% | $401K-78.7% | $1.9M |
| Income Tax | $78.8M+20.1% | $65.6M+69.5% | $38.7M-3.6% | $40.2M+12.7% | $35.6M+33.3% | $26.7M+32.7% | $20.1M-0.8% | $20.3M |
| Net Income | $291.6M+26.3% | $230.8M+36.4% | $169.3M+16.1% | $145.9M+8.9% | $134.0M+39.1% | $96.3M+5.2% | $91.6M-12.9% | $105.1M |
| EPS (Diluted) | $8.25+26.3% | $6.53+37.5% | $4.75+16.4% | $4.08+9.1% | $3.74+39.0% | $2.69+5.1% | $2.56-12.6% | $2.93 |
FIX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8B+14.1% | $5.1B+10.8% | $4.6B-3.0% | $4.7B+11.8% | $4.2B+8.0% | $3.9B+18.1% | $3.3B+5.3% | $3.1B |
| Current Assets | $3.7B+21.7% | $3.0B+17.2% | $2.6B-6.9% | $2.8B+20.1% | $2.3B+13.4% | $2.0B+7.2% | $1.9B+5.5% | $1.8B |
| Cash & Equivalents | $860.5M+159.4% | $331.7M+62.0% | $204.8M-62.8% | $549.9M+175.8% | $199.4M+97.9% | $100.8M-50.9% | $205.2M+49.1% | $137.6M |
| Inventory | $78.8M+11.4% | $70.7M+12.2% | $63.0M+6.5% | $59.2M-7.1% | $63.8M-10.2% | $71.1M+8.4% | $65.5M+21.6% | $53.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $928.2M0.0% | $927.8M+2.4% | $905.8M+3.5% | $875.3M0.0% | $874.9M+1.4% | $862.9M+29.4% | $666.8M+4.6% | $637.5M |
| Total Liabilities | $3.5B+14.6% | $3.1B+10.8% | $2.8B-7.1% | $3.0B+10.1% | $2.7B+8.0% | $2.5B+24.8% | $2.0B+4.9% | $1.9B |
| Current Liabilities | $3.0B+12.3% | $2.7B+12.0% | $2.4B-6.6% | $2.6B+10.6% | $2.3B+9.1% | $2.1B+24.3% | $1.7B+5.7% | $1.6B |
| Long-Term Debt | $131.3M+114.1% | $61.3M-3.8% | $63.8M+2.4% | $62.3M-15.1% | $73.4M-4.7% | $77.0M+95.7% | $39.3M+16.0% | $33.9M |
| Total Equity | $2.2B+13.3% | $2.0B+10.9% | $1.8B+4.2% | $1.7B+15.0% | $1.5B+8.0% | $1.4B+7.4% | $1.3B+5.9% | $1.2B |
| Retained Earnings | $2.3B+13.7% | $2.0B+12.1% | $1.8B+9.5% | $1.6B+19.8% | $1.4B+10.0% | $1.2B+7.6% | $1.1B+7.8% | $1.1B |
FIX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $553.3M+119.1% | $252.5M+387.1% | -$88.0M-141.8% | $210.5M+10.9% | $189.9M+29.5% | $146.6M-15.3% | $173.0M-19.2% | $214.2M |
| Capital Expenditures | $35.3M+13.0% | $31.3M+40.8% | $22.2M-45.4% | $40.7M+73.9% | $23.4M-6.3% | $25.0M-1.2% | $25.3M-11.2% | $28.4M |
| Free Cash Flow | $517.9M+134.1% | $221.2M+300.8% | -$110.2M-164.9% | $169.8M+2.0% | $166.5M+36.9% | $121.6M-17.7% | $147.7M-20.5% | $185.8M |
| Investing Cash Flow | -$53.0M+38.5% | -$86.2M+10.9% | -$96.8M-145.1% | -$39.5M+35.0% | -$60.8M+72.6% | -$221.6M-200.0% | -$73.9M-189.8% | -$25.5M |
| Financing Cash Flow | $28.6M+172.6% | -$39.3M+75.5% | -$160.4M-338.2% | -$36.6M-20.3% | -$30.4M-4.0% | -$29.3M+7.4% | -$31.6M+71.6% | -$111.1M |
| Dividends Paid | $17.6M+11.2% | $15.9M+12.1% | $14.2M+13.8% | $12.4M+16.2% | $10.7M+20.1% | $8.9M0.0% | $8.9M+10.9% | $8.0M |
| Share Buybacks | $13.1M-34.1% | $19.9M-78.2% | $91.4M+475.1% | $15.9M+46.5% | $10.8M+3575.9% | $295K-97.7% | $12.6M+606.3% | $1.8M |
FIX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8%+1.3pp | 23.5%+1.4pp | 22.0%-1.2pp | 23.2%+3.1pp | 20.1%+0.7pp | 19.4%-1.2pp | 20.6%+0.5pp | 20.1% |
| Operating Margin | 15.5%+1.7pp | 13.8%+2.4pp | 11.4%-0.7pp | 12.1%+1.9pp | 10.2%+1.4pp | 8.8%-0.1pp | 8.9%-1.0pp | 9.8% |
| Net Margin | 11.9%+1.3pp | 10.6%+1.4pp | 9.2%+1.4pp | 7.8%+0.4pp | 7.4%+1.1pp | 6.3%-0.5pp | 6.8%-0.9pp | 7.6% |
| Return on Equity | 13.1%+1.3pp | 11.7%+2.2pp | 9.5%+1.0pp | 8.6%-0.5pp | 9.0%+2.0pp | 7.0%-0.2pp | 7.2%-1.5pp | 8.7% |
| Return on Assets | 5.1%+0.5pp | 4.6%+0.9pp | 3.7%+0.6pp | 3.1%-0.1pp | 3.2%+0.7pp | 2.5%-0.3pp | 2.8%-0.6pp | 3.4% |
| Current Ratio | 1.22+0.1 | 1.13+0.1 | 1.080.0 | 1.08+0.1 | 0.99+0.0 | 0.96-0.2 | 1.110.0 | 1.11 |
| Debt-to-Equity | 0.06+0.0 | 0.030.0 | 0.040.0 | 0.04-0.0 | 0.050.0 | 0.06+0.0 | 0.030.0 | 0.03 |
| FCF Margin | 21.1%+10.9pp | 10.2%+16.2pp | -6.0%-15.1pp | 9.1%-0.1pp | 9.2%+1.3pp | 7.9%-3.0pp | 10.9%-2.6pp | 13.5% |
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Frequently Asked Questions
What is Comfort Sys Usa's annual revenue?
Comfort Sys Usa (FIX) reported $7.0B in total revenue for fiscal year 2024. This represents a 35.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Comfort Sys Usa's revenue growing?
Comfort Sys Usa (FIX) revenue grew by 35% year-over-year, from $5.2B to $7.0B in fiscal year 2024.
Is Comfort Sys Usa profitable?
Yes, Comfort Sys Usa (FIX) reported a net income of $522.4M in fiscal year 2024, with a net profit margin of 7.4%.
What is Comfort Sys Usa's earnings per share (EPS)?
Comfort Sys Usa (FIX) reported diluted earnings per share of $14.60 for fiscal year 2024. This represents a 62.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Comfort Sys Usa's EBITDA?
Comfort Sys Usa (FIX) had EBITDA of $797.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Comfort Sys Usa have?
As of fiscal year 2024, Comfort Sys Usa (FIX) had $549.9M in cash and equivalents against $62.3M in long-term debt.
What is Comfort Sys Usa's gross margin?
Comfort Sys Usa (FIX) had a gross margin of 21.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Comfort Sys Usa's operating margin?
Comfort Sys Usa (FIX) had an operating margin of 10.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Comfort Sys Usa's net profit margin?
Comfort Sys Usa (FIX) had a net profit margin of 7.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Comfort Sys Usa pay dividends?
Yes, Comfort Sys Usa (FIX) paid $1.20 per share in dividends during fiscal year 2024.
What is Comfort Sys Usa's return on equity (ROE)?
Comfort Sys Usa (FIX) has a return on equity of 30.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Comfort Sys Usa's free cash flow?
Comfort Sys Usa (FIX) generated $738.0M in free cash flow during fiscal year 2024. This represents a 35.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Comfort Sys Usa's operating cash flow?
Comfort Sys Usa (FIX) generated $849.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Comfort Sys Usa's total assets?
Comfort Sys Usa (FIX) had $4.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Comfort Sys Usa's capital expenditures?
Comfort Sys Usa (FIX) invested $111.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Comfort Sys Usa buy back shares?
Yes, Comfort Sys Usa (FIX) spent $57.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Comfort Sys Usa have outstanding?
Comfort Sys Usa (FIX) had 36M shares outstanding as of fiscal year 2024.
What is Comfort Sys Usa's current ratio?
Comfort Sys Usa (FIX) had a current ratio of 1.08 as of fiscal year 2024, which is considered adequate.
What is Comfort Sys Usa's debt-to-equity ratio?
Comfort Sys Usa (FIX) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Comfort Sys Usa's return on assets (ROA)?
Comfort Sys Usa (FIX) had a return on assets of 11.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Comfort Sys Usa's Altman Z-Score?
Comfort Sys Usa (FIX) has an Altman Z-Score of 11.97, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Comfort Sys Usa's Piotroski F-Score?
Comfort Sys Usa (FIX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Comfort Sys Usa's earnings high quality?
Comfort Sys Usa (FIX) has an earnings quality ratio of 1.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Comfort Sys Usa cover its interest payments?
Comfort Sys Usa (FIX) has an interest coverage ratio of 112.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Comfort Sys Usa?
Comfort Sys Usa (FIX) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.