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Comfort Systems USA FIX Free cash flow margin

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Other financials

Income statement

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Revenue$3.3B+50.3%
Gross profit$844.2M+65.6%
Operating income$558.0M+86.1%
Net income$441.6M+91.3%
EPS (diluted)$12.53+91.9%

Balance sheet

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Cash & equivalents$1.9B+459%
Total debt$369.9M+18.8%
Total equity$3.2B+63.2%
Total assets$8.5B+67.6%

Cash flow

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Operating cash flow$1.1B+351%
CapEx$141.4M+352%
Free cash flow$998.1M+351%

Valuation

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Market cap$60.88B+147%
Enterprise value$59.39B+141%
P/E42.4×+6.8×
P/S5.7×+2.2×

Profitability

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Gross margin23.5%+3.2pp
Operating margin13.4%+3.5pp
Net margin10.1%+2.9pp

Returns & leverage

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Return on equity55.3%+15.2pp
Debt / equity0.1×0.0×
Current ratio1.2×+0.1×

Where this comes from

Calculated from Comfort Systems USA’s reported figures.

Based on trailing twelve months.

The source filing: Comfort Systems USA’s 10-Q, filed October 23, 2025. Open the filing →

Filed
Oct 22, 2025, 8:00 PM EDT
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001104659-25-101821

FAQ

What is Comfort Systems USA's free cash flow margin?
Comfort Systems USA (FIX) reported free cash flow margin of 9.6% in Q3 2025.
How has Comfort Systems USA's free cash flow margin changed year-over-year?
Comfort Systems USA's free cash flow margin decreased by 12.6% year-over-year, from 11% to 9.6%.
What is the long-term trend for Comfort Systems USA's free cash flow margin?
Over 4 years (2020 to 2024), Comfort Systems USA's free cash flow margin has grown at a 3.4% compound annual growth rate (CAGR), from 9.2% to 10.5%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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