Comfort Systems USA (NYSE: FIX) Q2 earnings surge as backlog grows and dividend rises
Rhea-AI Filing Summary
Comfort Systems USA reported sharply higher results for the quarter ended June 30, 2026. Revenue rose to $3.27 billion from $2.17 billion, while net income increased to $441.6 million, or $12.53 per diluted share, versus $230.8 million, or $6.53, a year earlier. Management highlighted a 50% revenue increase and 92% growth in per share earnings. Operating income margin improved to 17.1% from 13.8%, and operating cash flow reached $1.14 billion, contributing to Adjusted EBITDA of $600,491 thousand, or 18.4% of revenue.
Backlog grew to $14.06 billion as of June 30, 2026, compared with $12.45 billion at March 31, 2026 and $8.12 billion a year earlier; same-store backlog was $13.70 billion. For the first half of 2026, revenue was $6.13 billion with net income of $812.0 million and diluted EPS of $23.03. The board of directors increased the quarterly dividend to $0.90 per share, up from $0.80, payable August 24, 2026 to stockholders of record on August 13, 2026.
Positive
- Quarterly revenue rose to $3.27 billion and net income to $441.6 million, with diluted EPS of $12.53; management noted 50% revenue growth and 92% per-share earnings growth versus the prior-year quarter.
- Operating cash flow reached $1.14 billion in Q2 2026 and $1.53 billion for the first half, supporting free cash flow of $999,320 thousand for the quarter and $1,241,549 thousand year-to-date.
- Backlog expanded to $14.06 billion as of June 30, 2026, with same-store backlog of $13.70 billion, up from $8.12 billion a year earlier, enhancing visibility into future activity.
- The board raised the quarterly dividend to $0.90 per share, a $0.10 increase from the prior $0.80 dividend, payable August 24, 2026 to stockholders of record on August 13, 2026.
Negative
- None.
Filing Explained
At June 30, 2026, the company reported cash of $1,854,794 thousand, long-term debt of $53,849 thousand, and six-month free cash flow of $1,241,549 thousand.
The filing’s unaudited balance sheet at
For the six months ended
8-K Event Classification
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Key Terms
Adjusted EBITDA financial
backlog financial
free cash flow financial
contingent earn-out obligations financial
Regulation FD regulatory
Earnings Snapshot
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