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COMFORT SYSTEMS USA INC

CIK: 1035983 SIC: 1731
$8.32B
Revenue
$837.62M
Net Income
23.49%
Gross Margin
13.39%
Op. Margin
$799.70M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 14 annual reports available (2011 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
+ Total Revenue $8.32B $7.03B $5.21B $4.14B $3.07B $2.86B
Revenue Growth % 18.4% 35.0% 25.8% 34.7% 7.6% nan%
Cost of Revenue $6.37B $5.55B $4.22B $3.40B $2.51B $2.31B
+ Gross Profit $1.95B $1.48B $990.51M $741.61M $563.21M $546.98M
Gross Margin % 23.5% 21.0% 19.0% 17.9% 18.3% 19.1%
Selling General & Admin $842.55M $730.07M $574.42M $489.34M $376.31M $357.78M
+ Operating Income $1.11B $749.37M $418.39M $253.85M $188.44M $190.65M
Operating Margin % 13.4% 10.7% 8.0% 6.1% 6.1% 6.7%
Interest Expense $7.77M $6.65M $10.28M $13.35M $6.20M $8.38M
Interest Income $18.33M $11.55M $3.49M $46.00K $24.00K $103.00K
Other Income/Expense $-117.00K $432.00K $202.00K $134.00K $188.00K $52.00K
Income Before Tax $1.06B $666.56M $388.19M $235.86M $190.27M $191.54M
Income Tax Expense $223.37M $144.13M $64.80M $-10.09M $46.93M $41.40M
+ Net Income $837.62M $522.43M $323.40M $245.95M $143.35M $150.14M
Net Margin % 10.1% 7.4% 6.2% 5.9% 4.7% 5.3%
Basic EPS 23.67 14.64 9.03 6.84 3.95 4.11
Diluted EPS 23.61 14.60 9.01 6.82 3.93 4.09
Basic Shares Outstanding 35.3M 35.7M 35.8M 35.9M 36.3M 36.5M
Diluted Shares Outstanding 35.4M 35.8M 35.9M 36.0M 36.5M 36.7M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
Cash & Cash Equivalents $549.94M $205.15M $57.21M $58.78M $54.90M
Inventory $59.22M $65.54M $35.31M $21.85M $13.47M
Other Current Assets $46.21M $54.31M $48.46M $23.70M $15.51M
Total Current Assets $2.79B $1.91B $1.31B $1.03B $811.85M
Property Plant & Equipment $277.18M $208.57M $143.95M $128.55M $117.21M
Goodwill $875.27M $666.83M $611.79M $592.11M $464.39M
Intangible Assets $434.42M $280.40M $273.90M $304.78M $231.81M
Other Non-current Assets $19.43M $15.24M $13.84M $8.68M $7.97M
Total Assets $4.71B $3.31B $2.60B $2.21B $1.76B
Accounts Payable $654.94M $419.96M $337.38M $254.79M $204.15M
Deferred Revenue $1.15B $909.54M $461.78M $307.38M $226.24M
Other Current Liabilities $501.59M $189.93M $120.72M $119.40M $91.49M
Total Current Liabilities $2.58B $1.72B $1.17B $836.55M $692.90M
Long-term Debt $62.29M $39.34M $247.25M $385.24M $235.73M
Deferred Tax Liabilities $2.23M $1.12M - $1.75M $1.34M
Other Non-current Liabilities $147.02M $77.94M $67.76M $72.21M $50.37M
Total Liabilities $3.01B $2.03B $1.60B $1.40B $1.06B
Common Stock $411.00K $411.00K $411.00K $411.00K $411.00K
Retained Earnings $1.63B $1.15B $854.64M $628.77M $502.81M
Treasury Stock $273.80M $209.81M $187.21M $150.58M $129.24M
Total Stockholders Equity $1.70B $1.28B $999.92M $805.67M $696.43M
Total Liabilities & Equity $4.71B $3.31B $2.60B $2.21B $1.76B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
Net Income $1.01B $522.43M $323.40M $245.95M $143.35M $150.14M
Stock-based Compensation $40.49M $16.65M $12.94M $10.53M $10.59M $6.93M
Deferred Income Tax $-23.44M $-66.61M $95.30M $-94.50M $6.90M $-7.95M
Change in Receivables $640.33M $333.23M $381.56M $223.18M $58.05M $-38.49M
Change in Inventory $38.30M $-6.54M $29.69M $13.49M $5.65M $1.46M
Operating Cash Flow $1.00B $849.06M $639.57M $301.53M $180.15M $286.51M
Capital Expenditure $205.18M $111.07M $94.84M $48.36M $22.33M $24.13M
Acquisitions $321.10M $235.47M $102.26M $49.22M $227.49M $185.94M
Purchases of Investments $44.48M $2.51M $1.86M $2.46M - -
Investing Cash Flow $-555.26M $-343.51M $-193.01M $-97.18M $-246.72M $-207.80M
Stock Repurchased $342.97M $57.91M $21.18M $38.22M $27.05M $30.12M
Dividends Paid $104.31M $42.77M $30.38M $20.08M $17.38M $15.50M
Financing Cash Flow $-568.09M $-160.76M $-298.62M $-205.91M $70.45M $-74.60M
Net Change in Cash $-118.47M $344.79M $147.94M $-1.56M $3.88M $4.11M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.45B - $6.46B -
Cost of Revenue $1.84B - $4.93B -
Gross Profit $607.87M - $1.52B -
Selling General & Admin $229.58M - $634.92M -
Operating Income $378.87M - $887.85M -
Interest Expense $2.97M - $6.20M -
Interest Income $6.38M - $13.47M -
Other Income/Expense $280.00K - $-226.00K -
Income Before Tax $370.46M - $874.95M -
Income Tax Expense $78.84M - $183.20M -
Net Income $291.62M $134.01M $691.75M -
Basic EPS 8.26 - 19.55 -
Diluted EPS 8.25 - 19.52 -
Basic Shares Outstanding $35.31M - $35.38M -
Diluted Shares Outstanding $35.37M - $35.45M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $860.52M $549.94M
Inventory $78.83M $59.22M
Other Current Assets $63.16M $46.21M
Total Current Assets $3.70B $2.79B
Property Plant & Equipment $337.45M $277.18M
Goodwill $928.17M $875.27M
Intangible Assets $431.92M $434.42M
Other Non-current Assets $24.18M $19.43M
Total Assets $5.78B $4.71B
Accounts Payable $665.13M $654.94M
Deferred Revenue $1.73B $1.15B
Other Current Liabilities $229.76M $501.59M
Total Current Liabilities $3.03B $2.58B
Long-term Debt $131.32M $62.29M
Deferred Tax Liabilities $2.23M $2.23M
Other Non-current Liabilities $120.64M $147.02M
Total Liabilities $3.54B $3.01B
Common Stock $411.00K $411.00K
Retained Earnings $2.27B $1.63B
Treasury Stock $401.12M $273.80M
Total Stockholders Equity $2.23B $1.70B
Total Liabilities & Equity $5.78B $4.71B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $291.62M $134.01M $691.75M -
Stock-based Compensation - - $15.75M -
Deferred Income Tax - - $7.54M -
Change in Receivables - - $378.64M -
Change in Inventory - - $19.52M -
Operating Cash Flow - - $717.82M -
Capital Expenditure - - $88.81M -
Acquisitions - - $128.59M -
Purchases of Investments - - $29.00M -
Investing Cash Flow - - $-236.00M -
Stock Repurchased - - $124.43M -
Dividends Paid - - $47.67M -
Financing Cash Flow - - $-171.24M -
Net Change in Cash - - $310.58M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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