Comfort Systems USA

FIX • NYSE • Stock Fundamentals

Comfort Systems USA is a leading provider of mechanical and electrical contracting services in the United States, specializing in the design, installation, and maintenance of heating, ventilation, air conditioning (HVAC), plumbing, and electrical systems. The company serves the commercial, industrial, and institutional markets, focusing on energy-efficient solutions and modular off-site construction. Its value proposition centers on lifecycle building services, ranging from new construction engineering to long-term maintenance and remote monitoring.

Market Cap$68.4B

Revenue TTM$10.1B

Net Income TTM$1.2B

P/E Ratio55.87

Net Margin12.07%

EPS TTM$34.64

Free Cash Flow TTM$1.4B

Employees15.8K

CEOBrian E. Lane

CountryUnited States of America

Industrials

Engineering & Construction

SegmentsEngineering & Construction, Building Products & Services, Facility Management

Business ModelsProject-based contracting, Service and maintenance agreements, Design-build engineering

Most Recent EarningsApr 23, 2026 · 18 days agoQ1 2026

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Next EarningsJul 23, 2026 · in 2 monthsAfter Market Close · Q2 2026

Income Statement Balance Sheet Cash Flow Segments

Financials

Based on Q1 2026 filing

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Gross Margin25.13%

Op. Margin15.7%

ROE53.29%

D/E13.45%

Current Ratio1.24

Total Debt$378.6M

Cash$1.1B

CapEx TTM$280.2M

Business Segments

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Mechanical Services

primary

Comprehensive services including HVAC, plumbing, piping, and controls, as well as fire protection and off-site modular construction. This segment focuses on both new facility installation and the renovation or replacement of existing mechanical systems.

Products

HVAC systems, Plumbing and piping, Building automation controls, Off-site modular construction, Fire protection systems, Remote monitoring

Customers

Technology companies, Manufacturing facilities, Healthcare providers, Educational institutions, Government agencies

Electrical Services

major

Installation and servicing of electrical systems, including power distribution, lighting, and technological power load management. These services are integrated into both new construction projects and the reconfiguration of existing building electrical infrastructures.

Products

Electrical system installation, Electrical switchgear, Power generators, Lighting systems, Electrical maintenance and repair

Customers

Data centers, Office building developers, Industrial plants, Retail and entertainment complexes

Segment Financials

Service Projects — Revenue

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Service Calls Maintenance And Monitoring — Revenue

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Existing Building Construction — Revenue

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New Construction — Revenue

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Business Overview

Competitive Position

A leading national MEP contractor with a significant scale advantage over local owner-operated firms and specialized expertise in modular construction.

Geographies

United States

Customer Segments

Commercial, Industrial, Institutional, Multi-family residential

Upstream Dependencies

HVAC equipment manufacturers, Electrical component suppliers, Steel and sheet metal fabricators, Skilled labor unions and trade schools

Downstream Customers

General contractors, Building owners and developers, Property managers, Government entities

Competitors & Partners

Competitors

Trane Technologies

Equipment manufacturer that also provides competing MEP services.

Carrier Global

CARR

HVAC manufacturer with service and installation divisions.

Johnson Controls International

JCI

Competitor in building automation and HVAC services.

EMCOR Group

EME

Direct competitor in mechanical and electrical construction and facilities services.

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