| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.03B | $5.21B | $4.14B | $3.07B | $2.86B | $2.62B | $2.18B | $1.79B |
| Cost of Revenue | $5.55B | $4.22B | $3.40B | $2.51B | $2.31B | $2.11B | $1.74B | $1.42B |
| Gross Profit | $1.48B | $990.51M | $741.61M | $563.21M | $546.98M | $501.94M | $446.28M | $366.28M |
| Gross Margin | 21.01% | 19.02% | 17.91% | 18.32% | 19.15% | 19.19% | 20.44% | 20.49% |
| Operating Expenses | $727.04M | $572.12M | $487.76M | $374.77M | $356.33M | $338.30M | $296.04M | $267.02M |
| Operating Income | $749.37M | $418.39M | $253.85M | $188.44M | $190.65M | $163.64M | $150.24M | $99.26M |
| Operating Margin | 10.66% | 8.04% | 6.13% | 6.13% | 6.67% | 6.26% | 6.88% | 5.55% |
| Net Income | $522.43M | $323.40M | $245.95M | $143.35M | $150.14M | $114.32M | $112.90M | $55.27M |
| Net Margin | 7.43% | 6.21% | 5.94% | 4.66% | 5.26% | 4.37% | 5.17% | 3.09% |
| EPS (Basic) | $14.64 | $9.03 | $6.84 | $3.95 | $4.11 | $3.10 | $3.03 | $1.48 |
| EBITDA | $817.10M | $478.63M | $329.30M | $264.20M | $259.18M | $211.73M | $194.22M | $140.62M |
| Stock Option Compensation Expense | $16.65M | $12.94M | $10.53M | $10.59M | $6.93M | $5.88M | $7.16M | $6.38M |
| Price To Earnings Ratio | 28.97 | 22.77 | 16.81 | 25.04 | 12.82 | 16.07 | 14.39 | 29.41 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $15.13B | $7.36B | $4.14B | $3.59B | $1.92B | $1.84B | $1.62B | $1.63B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $4.71B | $3.31B | $2.60B | $2.21B | $1.76B | $1.51B | $1.06B | $881.12M |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.01B | $2.03B | $1.60B | $1.40B | $1.06B | $919.71M | $564.52M | $463.18M |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $1.70B | $1.28B | $999.92M | $805.67M | $696.43M | $585.30M | $498.05M | $417.94M |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.70B | $1.28B | $999.92M | $805.67M | $696.43M | $585.30M | $498.05M | $417.94M |
| Total Liabilities & Stockholders Equity | $4.71B | $3.31B | $2.60B | $2.21B | $1.76B | $1.51B | $1.06B | $881.12M |
| Book Value Per Share | $47.76 | $35.69 | $27.83 | $22.20 | $19.06 | $15.88 | $13.39 | $11.22 |
| Tangible Book Value Per Share | $11.07 | $9.23 | $3.18 | $-2.51 | $0.01 | $2.52 | $4.50 | $3.79 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 11.09% | 9.78% | 9.47% | 6.49% | 8.54% | 7.60% | 10.63% | 6.27% |
| Return on Equity | 30.65% | 25.31% | 24.60% | 17.79% | 21.56% | 19.53% | 22.67% | 13.22% |
| Return on Invested Capital | 27.16% | 21.60% | 17.42% | 10.18% | 13.82% | 13.23% | 19.05% | 10.70% |
| Quick Ratio | 1.06 | 1.07 | 1.09 | 1.20 | 1.15 | 1.28 | 1.28 | 1.28 |
| Current Ratio | 1.08 | 1.11 | 1.12 | 1.23 | 1.17 | 1.30 | 1.31 | 1.31 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $522.43M | $323.40M | $245.95M | $143.35M | $150.14M | $114.32M | $112.90M | $55.27M |
| Depreciation | $145.49M | $81.57M | $81.35M | $68.94M | $60.63M | $51.57M | $42.69M | $37.46M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $849.06M | $639.57M | $301.53M | $180.15M | $286.51M | $142.03M | $147.19M | $114.09M |
| Capital Expenditures | $111.07M | $94.84M | $48.36M | $22.33M | $24.13M | $31.75M | $27.27M | $35.47M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $42.77M | $30.38M | $20.08M | $17.38M | $15.50M | $14.54M | $12.27M | $10.99M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $57.91M | $21.18M | $38.22M | $27.05M | $30.12M | $19.55M | $28.53M | $9.01M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $737.99M | $544.73M | $253.17M | $157.82M | $262.38M | $110.28M | $119.92M | $78.62M |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments: Mechanical and Electrical. It offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection. The company is also involved in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) and related systems in new buildings; and renovation, expansion, maintenance, monitoring, repair, and replacement of systems in existing buildings. In addition, it provides remote monitoring of power usage, temperature, pressure, humidity and air flow for MEP and other building systems. The company serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.
Why it moved over time
Shares reacted after a Motley Fool piece singled out Comfort Systems as a beneficiary of AI data-center infrastructure buildouts, drawing investor attention to its cooling and electrical services.
Key fact: Motley Fool article (2026-07-24) highlighted Comfort Systems as positioned to benefit from AI data-center cooling and electrical work amid infrastructure buildouts.
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