Comfort Systems USA revenue and financials
$1,817.96Change from previous close: +6.12%Absolute change: +$104.89
In the fiscal year ended December 2025, Comfort Systems USA reported revenue of $9.1B (+29.52% year over year). Net income was $1.02B, a net margin of 11.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +29.52%
- 2025 vs 2024
- Net income growth
- +95.73%
- 2025 vs 2024
- Net margin
- 11.2%
- 2024: 7.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,186 | 849 | 640 | 302 | 180 | 287 | 142 | 147 | 114 | 91.2 |
| Depreciation and amortization | 62.4 | 48.2 | 38.2 | 33.6 | 28.4 | 27.9 | 24.5 | 22.6 | 20.1 | 18.0 |
| Capital expenditure | -155 | -111 | -94.8 | -48.4 | -22.3 | -24.1 | -31.8 | -27.3 | -35.5 | -23.2 |
| Investing cash flow | -467 | -344 | -193 | -97.2 | -247 | — | — | — | — | — |
| Financing cash flow | -287 | -161 | -299 | -206 | 70.5 | — | — | — | — | — |
| Dividends paid | -68.8 | -42.8 | -30.4 | -20.1 | -17.4 | -15.5 | -14.5 | -12.3 | -11.0 | -10.3 |
| Share repurchases | -216 | -57.9 | -21.2 | -38.2 | -27.1 | -30.1 | -19.6 | -28.5 | -9.0 | -13.1 |
| Debt issued | 200 | 183 | 285 | 555 | — | — | — | — | — | — |
| Debt repaid | -143 | -209 | -512 | -693 | — | — | — | — | — | — |
| Net change in cash | 432 | 345 | 148 | -1.6 | 3.9 | — | — | — | — | — |
| Free cash flow | 1,031 | 738 | 545 | 253 | 158 | — | — | — | — | — |
| Levered free cash flow | 774 | 836 | 345 | 238 | 97.5 | — | — | — | — | — |