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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,139 | 389 | 469 | 553 | 252 | -88.0 | 210 | 302 | 190 | 147 | 173 | 214 |
| Depreciation and amortization | 43.3 | 39.0 | 37.6 | 35.6 | 34.6 | 34.1 | 34.9 | 36.8 | 38.7 | 35.2 | 21.6 | 20.4 |
| Capital expenditure | -141 | -147 | -66.1 | -35.3 | -31.3 | -22.2 | -40.7 | -22.1 | -23.4 | -25.0 | -25.3 | -28.4 |
| Investing cash flow | -283 | -184 | -231 | -53.0 | -86.2 | -96.8 | -39.5 | -21.6 | -60.8 | -222 | -73.9 | -25.5 |
| Financing cash flow | -51.3 | -137 | -116 | 28.6 | -39.3 | -160 | -36.6 | -64.4 | -30.4 | -29.3 | -31.6 | -111 |
| Dividends paid | -28.2 | -24.6 | -21.2 | -17.6 | -15.9 | -14.2 | -12.4 | -10.7 | -10.7 | -8.9 | -8.9 | -8.0 |
| Share repurchases | -19.2 | -5.7 | -94.7 | -13.4 | -23.9 | -94.0 | -17.5 | -31.0 | -15.9 | -2.4 | -12.6 | -1.8 |
| Debt issued | — | — | 0.0 | 200 | 0.0 | 0.0 | — | — | 20.0 | 163 | — | 40.0 |
| Debt repaid | -4.0 | -106 | -0.0 | -137 | -0.0 | -6.0 | -0.0 | -22.7 | -23.8 | -162 | -10.1 | -140 |
| Net change in cash | 805 | 68.3 | 121 | 529 | 127 | -345 | 134 | 216 | 98.6 | -104 | 67.5 | 77.6 |
| Free cash flow | 998 | 241 | 402 | 518 | 221 | -110 | 170 | 280 | 166 | 122 | 148 | 186 |
| Levered free cash flow | 889 | 161 | 325 | 455 | 152 | -165 | 173 | 248 | 143 | 268 | 143 | -13.1 |