Comfort Systems USA
Builds and services mechanical, electrical and plumbing systems for complex US facilities.
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Profile
Builds and services HVAC, plumbing, piping, controls, electrical, modular, monitoring and fire-protection systems for commercial, industrial and institutional facilities across the United States. Revenue comes mainly from new construction, with technology facilities the largest customer market and a smaller stream from renovations, maintenance and repair.
Builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing systems for commercial, industrial and institutional facilities across the United States. Mechanical work spans HVAC, plumbing, piping, controls, off-site construction, monitoring and fire protection; electrical work covers system installation and service. Local operating teams manage projects, supported by shared design, prefabrication, purchasing, safety and training resources.
Serves technology and manufacturing sites alongside healthcare, education, government, office and other facilities. Revenue comes from new construction, renovations and expansions, plus service calls, maintenance and monitoring. Design-build expertise, building-information modeling and off-site fabrication help coordinate complex projects and deploy skilled labor across locations. Most recent revenue is concentrated in new construction and technology facilities, while execution depends on labor availability, cost estimates, project schedules and critical equipment supply.
Company facts
Key statistics
Year to date +51.3% · Average volume (30d) 447.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | UBS | Target | $2,225 | $2,100 | ||
| Jul 27, 2026 | Stifel Nicolaus | Target | $1,819 | $1,910 | ||
| Jul 27, 2026 | UBS | Reiterate | Buy | $2,125 | $2,225 | |
| Jul 27, 2026 | KeyBanc | Reiterate | Overweight | $2,004 | $2,110 | |
| Jul 9, 2026 | Goldman Sachs | Initiate | Buy | $2,159 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $10.45 | $12.53 | +19.9% | $2.99B | $3.27B | +9.2% | −5.33% |
| Apr 23, 2026Q1 FY26 | $6.81 | $10.51 | +54.3% | $2.39B | $2.87B | +19.7% | −2.69% |
| Feb 19, 2026Q4 FY25 | $6.75 | $9.37 | +38.8% | $2.34B | $2.65B | +13.2% | +6.46% |
| Oct 23, 2025Q3 FY25 | $6.29 | $8.25 | +31.2% | $2.16B | $2.45B | +13.6% | +18.99% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.83B | $2.17B | $2.45B | $2.65B | $2.87B | $3.27B | |
| Gross profit | $403.4M | $509.9M | $607.9M | $674.7M | $754.4M | $845.0M | |
| Operating income | $209.1M | $299.9M | $378.9M | $426.4M | $485.4M | $558.0M | |
| Net income | $169.3M | $230.8M | $291.6M | $330.8M | $370.4M | $441.6M | |
| Diluted EPS | $4.75 | $6.53 | $8.25 | $9.37 | $10.51 | $12.53 | |
| Gross margin | 22.0% | 23.5% | 24.8% | 25.5% | 26.3% | 25.9% | |
| Operating margin | 11.4% | 13.8% | 15.5% | 16.1% | 16.9% | 17.1% |
Fiscal years (4-quarter sums)FY21 $3.07B · FY22 $4.14B · FY23 $5.21B · FY24 $7.03B · FY25 $9.10B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.85B · Total debt $328.0M · Total assets $8.49B · Shareholders' equity $3.22B
Dividends
Raised for 19 straight years — most recently to $0.90 from $0.80 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 24 | $0.90 | raised from $0.80 |
| May 15, 2026 | May 15 | May 26 | $0.80 | raised from $0.70 |
| Mar 6, 2026 | Mar 6 | Mar 17 | $0.70 | raised from $0.60 |
| Nov 13, 2025 | Nov 13 | Nov 24 | $0.60 | raised from $0.50 |
| Aug 14, 2025 | Aug 14 | Aug 25 | $0.50 | raised from $0.45 |
| May 16, 2025 | May 16 | May 27 | $0.45 | raised from $0.40 |
| Mar 10, 2025 | Mar 10 | Mar 21 | $0.40 | raised from $0.35 |
| Nov 14, 2024 | Nov 14 | Nov 25 | $0.35 | raised from $0.30 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 35.19M · Float 34.76M · 98.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.40M | 9.65% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.30M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.87M | 5.30% | 13F | Aug 13, 2026 |
| FMR LLC | 1.66M | 4.72% | 13F | Aug 13, 2026 |
| State Street Corp | 1.54M | 4.37% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Brian E. Lane | director, officer: CHIEF EXECUTIVE OFF. | −16,024 | $1,608.21 |
| Aug 17, 2026 | William Iii George | officer: CHIEF FINANCIAL OFFICER | −2,554 | $1,859.65 |
| Aug 11, 2026 | Franklin Myers | director | −4,000 | $1,693.92 |
| Aug 10, 2026 | Franklin Myers | director | −3,500 | $1,690.47 |
| Jun 24, 2026 | Franklin Myers | director | −6,700 | $1,954.47 |
Peers
- EMCOR Group
National MEP leader: mechanical, electrical, building-services, and industrial.
- APi Group
Global fire and life-safety contractor; recurring inspection and HVAC services.
- Quanta Services
Electric grid, renewable, and data-center electrical infrastructure contractor.
- MYR Group
Specialty electrical contractor in T&D and commercial/industrial wiring.
- IES
Electrical and technology contractor with fast-growing data-center focus.
- Limbach
MEP contractor focused on owner-direct mechanical service for critical sites.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Comfort Systems USA | $1,521.00 | +0.17% | $53.45B | 37.4 | 28.7 | 4.8 | +50.3% |
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| APi Group | $39.65 | −0.11% | $17.15B | — | 21.5 | 2.0 | +13.3% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| IES | $311.36 | +0.49% | $12.34B | 17.7 | 24.7 | 3.1 | +39.6% |
| Limbach | $41.73 | +0.80% | $492.8M | 16.5 | 11.2 | 0.7 | +22.0% |
| Median | 23.1 | 22.2 | 1.9 | +21.0% |