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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
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ZscalerZS
19.2×+12.3×
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CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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
FCF margin9.6%-1.4pp

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.

The source filing: Comfort Systems USA’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086258

FAQ

What is Comfort Systems USA's net debt?
Comfort Systems USA (FIX) reported net debt of -$1.48B in Q2 2026.
How has Comfort Systems USA's net debt changed year-over-year?
Comfort Systems USA's net debt decreased by 7218.3% year-over-year, from -$20.29M to -$1.48B.
What is the long-term trend for Comfort Systems USA's net debt?
Over 5 years (2020 to 2025), Comfort Systems USA's net debt has grown at a 12.4% compound annual growth rate (CAGR), from $278M to -$498.54M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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