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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 10 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)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
+ Total Revenue $8.32B $7.03B $5.21B $4.14B $3.07B $2.86B $2.62B $2.18B $1.79B $1.63B $1.58B
Revenue Growth % 18.4% 35.0% 25.8% 34.7% 7.6% 9.2% 19.8% 22.1% 9.4% 3.4% nan%
Cost of Revenue $6.37B $5.55B $4.22B $3.40B $2.51B $2.31B $2.11B $1.74B $1.42B $1.29B $1.26B
+ Gross Profit $1.95B $1.48B $990.51M $741.61M $563.21M $546.98M $501.94M $446.28M $366.28M $344.01M $318.13M
Gross Margin % 23.5% 21.0% 19.0% 17.9% 18.3% 19.1% 19.2% 20.4% 20.5% 21.0% 20.1%
Selling General & Admin $842.55M $730.07M $574.42M $489.34M $376.31M $357.78M $340.00M $296.99M $266.59M $243.20M $228.97M
+ Operating Income $1.11B $749.37M $418.39M $253.85M $188.44M $190.65M $163.64M $150.24M $99.26M $101.57M $90.04M
Operating Margin % 13.4% 10.7% 8.0% 6.1% 6.1% 6.7% 6.3% 6.9% 5.6% 6.2% 5.7%
Interest Expense $7.77M $6.65M $10.28M $13.35M $6.20M $8.38M $9.32M $3.71M $3.16M $2.35M $1.75M
Interest Income $18.33M $11.55M $3.49M $46.00K $24.00K $103.00K $224.00K $73.00K $70.00K $9.00K $72.00K
Other Income/Expense $-117.00K $432.00K $202.00K $134.00K $188.00K $52.00K $187.00K $4.14M $1.05M $1.10M $76.00K
Income Before Tax $1.06B $666.56M $388.19M $235.86M $190.27M $191.54M $151.74M $148.68M $100.94M $101.06M $88.66M
Income Tax Expense $223.37M $144.13M $64.80M $-10.09M $46.93M $41.40M $37.42M $35.77M $45.67M $36.16M $31.22M
+ Net Income $837.62M $522.43M $323.40M $245.95M $143.35M $150.14M $114.32M $112.90M $55.27M $64.90M $49.36M
Net Margin % 10.1% 7.4% 6.2% 5.9% 4.7% 5.3% 4.4% 5.2% 3.1% 4.0% 3.1%
Basic EPS 23.67 14.64 9.03 6.84 3.95 4.11 3.10 3.03 1.48 1.74 1.32
Diluted EPS 23.61 14.60 9.01 6.82 3.93 4.09 3.08 3.00 1.47 1.72 1.30
Basic Shares Outstanding 35.3M 35.7M 35.8M 35.9M 36.3M 36.5M 36.9M 37.2M 37.2M 37.3M 37.4M
Diluted Shares Outstanding 35.4M 35.8M 35.9M 36.0M 36.5M 36.7M 37.1M 37.6M 37.7M 37.8M 37.9M
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)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
Cash & Cash Equivalents $549.94M $205.15M $57.21M $58.78M $54.90M $50.79M $45.62M $36.54M $32.07M $56.46M
Accounts Receivable - - - - - - - $382.87M $318.84M $302.05M
Inventory $59.22M $65.54M $35.31M $21.85M $13.47M $10.05M $12.42M $10.30M $9.21M $7.94M
Other Current Assets $46.21M $54.31M $48.46M $23.70M $15.51M $14.40M $6.54M $8.29M $6.11M $5.84M
Total Current Assets $2.79B $1.91B $1.31B $1.03B $811.85M $790.18M $609.70M $489.36M $415.96M $424.27M
Property Plant & Equipment $277.18M $208.57M $143.95M $128.55M $117.21M $109.80M $99.62M $87.59M $68.19M $60.81M
Goodwill $875.27M $666.83M $611.79M $592.11M $464.39M $332.45M $235.18M $200.58M $149.21M $143.87M
Intangible Assets $434.42M $280.40M $273.90M $304.78M $231.81M $159.97M $95.28M $76.04M $42.44M $41.08M
Other Non-current Assets $19.43M $15.24M $13.84M $8.68M $7.97M $6.62M $5.16M $4.58M $5.94M $21.55M
Total Assets $4.71B $3.31B $2.60B $2.21B $1.76B $1.51B $1.06B $881.12M $708.90M $691.59M
Accounts Payable $654.94M $419.96M $337.38M $254.79M $204.15M $196.19M $176.17M $132.01M $103.44M $106.68M
Short-term Debt - - - - - - - - - $500.00K
Deferred Revenue $1.15B $909.54M $461.78M $307.38M $226.24M $166.92M $130.99M $106.00M - -
Other Current Liabilities $501.59M $189.93M $120.72M $119.40M $91.49M $81.63M $32.85M $33.65M $34.26M $28.68M
Total Current Liabilities $2.58B $1.72B $1.17B $836.55M $692.90M $608.00M $467.06M $373.73M $317.68M $305.39M
Long-term Debt $62.29M $39.34M $247.25M $385.24M $235.73M $205.32M $73.64M $59.93M $1.96M $10.50M
Deferred Tax Liabilities $2.23M $1.12M - $1.75M $1.34M $1.43M $1.39M - - -
Other Non-current Liabilities $147.02M $77.94M $67.76M $72.21M $50.37M $32.27M $22.43M $27.26M $10.25M $8.63M
Total Liabilities $3.01B $2.03B $1.60B $1.40B $1.06B $919.71M $564.52M $463.18M $332.27M $326.59M
Common Stock $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K
Retained Earnings $1.63B $1.15B $854.64M $628.77M $502.81M $368.69M $268.90M $168.27M $123.98M $69.39M
Treasury Stock $273.80M $209.81M $187.21M $150.58M $129.24M $103.96M $87.75M $63.52M $57.39M $46.84M
Total Stockholders Equity $1.70B $1.28B $999.92M $805.67M $696.43M $585.30M $498.05M $417.94M $376.63M $346.72M
Total Liabilities & Equity $4.71B $3.31B $2.60B $2.21B $1.76B $1.51B $1.06B $881.12M $708.90M $691.59M
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)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
Net Income $1.01B $522.43M $323.40M $245.95M $143.35M $150.14M $114.32M $112.90M $55.27M $64.90M $49.36M
Stock-based Compensation $40.49M $16.65M $12.94M $10.53M $10.59M $6.93M $5.88M $7.16M $6.38M $5.04M $5.61M
Deferred Income Tax $-23.44M $-66.61M $95.30M $-94.50M $6.90M $-7.95M $-4.25M $4.46M $4.18M $-1.24M $-414.00K
Change in Receivables $640.33M $333.23M $381.56M $223.18M $58.05M $-38.49M $49.51M $68.62M $37.80M $-7.04M $3.58M
Change in Inventory $38.30M $-6.54M $29.69M $13.49M $5.65M $1.46M $-2.37M $1.54M $584.00K $-213.00K $-956.00K
Operating Cash Flow $1.00B $849.06M $639.57M $301.53M $180.15M $286.51M $142.03M $147.19M $114.09M $91.19M $97.87M
Capital Expenditure $205.18M $111.07M $94.84M $48.36M $22.33M $24.13M $31.75M $27.27M $35.47M $23.22M $20.81M
Acquisitions $321.10M $235.47M $102.26M $49.22M $227.49M $185.94M $196.47M $70.14M $94.86M $57.16M $6.16M
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 $-224.45M $-95.71M $-128.97M $-79.32M $-25.63M
Stock Repurchased $342.97M $57.91M $21.18M $38.22M $27.05M $30.12M $19.55M $28.53M $9.01M $13.09M $8.33M
Dividends Paid $104.31M $42.77M $30.38M $20.08M $17.38M $15.50M $14.54M $12.27M $10.99M $10.26M $9.36M
Financing Cash Flow $-568.09M $-160.76M $-298.62M $-205.91M $70.45M $-74.60M $87.59M $-42.40M $19.35M $-36.26M $-47.84M
Net Change in Cash $-118.47M $344.79M $147.94M $-1.56M $3.88M $4.11M $5.17M $9.08M $4.47M $-24.39M $24.40M
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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