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Comfort Systems USA FIX Operating margin

Operating margin at other companies

EMCOR Group logo
EMCOR GroupEME
10.1%+0.8pp
Trane Technologies logo
Trane TechnologiesTT
18.2%0.0pp
Carrier Global logo
Carrier GlobalCARR
8.2%-4.7pp
APi Group logo
APi GroupAPG
7%+0.5pp
nVent Electric plc logo
nVent Electric plcNVT
15.8%-1.3pp
Quanta Services logo
Quanta ServicesPWR
5.7%-0.1pp

Other financials

Income statement

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Revenue$2.9B+56.5%
Gross profit$754.4M+87.0%
Operating income$485.7M+132%
Net income$370.4M+119%
EPS (diluted)$10.51+121%

Balance sheet

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Cash & equivalents$1.1B+413%
Total debt$378.6M+23.6%
Total equity$2.8B+58.4%
Total assets$6.9B+51.8%

Cash flow

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Operating cash flow$388.8M+542%
CapEx$147.5M+564%
Free cash flow$241.4M+319%

Valuation

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Market cap$67.97B+323%
Enterprise value$67.3B+314%
P/E55.5×+28.6×
P/S7.3×+2.8×

Profitability

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Gross margin23.5%+3.2pp
Net margin10.1%+2.9pp

Returns & leverage

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Return on equity53.3%+15.5pp
Debt / equity0.1×0.0×
Current ratio1.2×+0.2×

Where this comes from

Calculated from Comfort Systems USA’s reported figures.

Based on trailing twelve months.

The official record: Comfort Systems USA’s 10-Q, filed October 23, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

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 3 years (2021 to 2024), Comfort Systems USA's operating margin has grown at a 14.0% compound annual growth rate (CAGR), from 26.1% to 38.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.