Discontinued — last reported Q3 '23
Contract Assets
Comfort Systems USA Contract Assets increased by 44.1% to $128.01M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 43.8%, from $227.68M to $128.01M. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 36.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.
Detailed definition
This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...
Peer comparison
Standard for companies with long-term service or construction-type contracts.
contract_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $12.97M | $14.97M | $29.90M | $18.31M | $15.63M | $21.70M | $27.21M | $26.82M | $28.55M | $32.55M | $28.08M | $30.12M | $69.39M | $73.93M | $91.68M | $227.68M | $203.40M | $163.35M | $88.82M | $128.01M |
| QoQ Change | — | +15.4% | +99.7% | -38.8% | -14.7% | +38.8% | +25.4% | -1.4% | +6.5% | +14.0% | -13.7% | +7.2% | +130.4% | +6.5% | +24.0% | +148.3% | -10.7% | -19.7% | -45.6% | +44.1% |
| YoY Change | — | — | — | — | +20.5% | +44.9% | -9.0% | +46.5% | +82.7% | +50.0% | +3.2% | +12.3% | +143.0% | +127.1% | +226.5% | +656.0% | +193.1% | +120.9% | -3.1% | -43.8% |
Contract Assets at Other Companies
Frequently Asked Questions
- What is Comfort Systems USA's contract assets?
- Comfort Systems USA (FIX) reported contract assets of $128.01M in Q1 2026.
- How has Comfort Systems USA's contract assets changed year-over-year?
- Comfort Systems USA's contract assets decreased by 43.8% year-over-year, from $227.68M to $128.01M.
- What is the long-term trend for Comfort Systems USA's contract assets?
- Over 5 years (2020 to 2025), Comfort Systems USA's contract assets has grown at a 36.7% compound annual growth rate (CAGR), from $18.62M to $88.82M.
- What does contract assets mean?
- Revenue earned for work performed but not yet billed to the customer.