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Comfort Systems USA FIX Operating margin

Operating margin at other companies

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10.4%+0.9pp
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17.9%-0.4pp
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6.8%+1.0pp
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Limbach Holdings, Inc.LMB
6.5%-1.0pp
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7.8%-5.9pp
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APi GroupAPG
7%+0.5pp

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
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.

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 operating margin?
Comfort Systems USA (FIX) reported operating margin of 13.4% in Q3 2025.
How has Comfort Systems USA's operating margin changed year-over-year?
Comfort Systems USA's operating margin increased by 35.6% year-over-year, from 9.9% to 13.4%.
What is the long-term trend for Comfort Systems USA's operating margin?
Over 4 years (2020 to 2024), Comfort Systems USA's operating margin has grown at a 12.4% compound annual growth rate (CAGR), from 6.7% to 10.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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