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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 Quarterly (10-Q)
Showing 13 of 44 quarterly reports available
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $2.45B $2.17B $1.83B $1.87B $1.81B $1.81B $1.54B $1.36B $1.38B $1.30B $1.17B $1.12B $1.12B
Revenue Growth % (YoY) 35.2% 20.1% 19.1% 37.6% 31.5% 39.6% 30.8% 21.5% 23.0% nan% nan% nan% nan%
Cost of Revenue $1.84B $1.66B $1.43B $1.43B $1.43B $1.45B $1.24B $1.08B $1.10B $1.07B $969.24M $905.94M $917.79M
+ Gross Profit $607.87M $509.90M $403.42M $433.74M $381.71M $363.60M $297.36M $279.69M $277.50M $227.92M $205.41M $211.25M $202.22M
Gross Margin % 24.8% 23.5% 22.0% 23.2% 21.1% 20.1% 19.3% 20.6% 20.1% 17.6% 17.5% 18.9% 18.1%
Selling General & Admin $229.58M $210.47M $194.87M $207.63M $180.18M $179.54M $162.72M $160.03M $142.94M $136.43M $135.03M $131.65M $121.19M
+ Operating Income $378.87M $299.87M $209.10M $226.35M $202.88M $184.67M $135.46M $120.28M $135.14M $92.08M $70.89M $80.07M $81.44M
Operating Margin % 15.5% 13.8% 11.4% 12.1% 11.2% 10.2% 8.8% 8.9% 9.8% 7.1% 6.0% 7.2% 7.3%
Interest Expense $2.97M $1.60M $1.62M $1.58M $1.73M $1.71M $1.63M $401.00K $1.89M $3.92M $4.08M $4.59M $3.61M
Interest Income $6.38M $2.82M $4.27M $4.86M $3.83M $1.26M $1.60M $1.05M $952.00K $92.00K $1.40M $32.00K $5.00K
Other Income/Expense $280.00K $-530.00K $24.00K $109.00K $87.00K $119.00K $117.00K $201.00K $-44.00K $44.00K $1.00K $33.00K $46.00K
Income Before Tax $370.46M $296.48M $208.01M $186.04M $187.81M $169.66M $123.06M $111.73M $125.44M $85.20M $65.83M $70.20M $74.44M
Income Tax Expense $78.84M $65.64M $38.72M $40.17M $41.58M $35.65M $26.74M $20.15M $20.31M $15.73M $8.61M $14.78M $12.92M
+ Net Income $291.62M $230.85M $169.29M $145.87M $146.24M $134.01M $96.32M $91.58M $105.12M $69.48M $57.22M $55.42M $61.52M
Net Margin % 11.9% 10.6% 9.2% 7.8% 8.1% 7.4% 6.3% 6.7% 7.6% 5.4% 4.9% 5.0% 5.5%
Basic EPS 8.26 6.54 4.77 4.10 4.10 3.75 2.70 2.56 2.93 1.94 1.60 1.54 1.72
Diluted EPS 8.25 6.53 4.75 4.08 4.09 3.74 2.69 2.55 2.93 1.93 1.59 1.54 1.71
Basic Shares Outstanding 35.3M 35.3M 35.5M -29K 35.7M 35.7M 35.7M -17K 35.8M 35.8M 35.8M -34K 35.9M
Diluted Shares Outstanding 35.4M 35.4M 35.6M -29K 35.8M 35.8M 35.8M -15K 35.9M 35.9M 35.9M -32K 36.0M
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $860.52M $331.71M $204.76M $549.94M $415.58M $199.42M $100.79M $205.15M $137.62M $60.01M $48.56M $57.21M $71.14M
Inventory $78.83M $70.73M $63.05M $59.22M $55.68M $63.78M $71.06M $65.54M $53.90M $41.62M $37.01M $35.31M $38.15M
Other Current Assets $63.16M $37.99M $50.86M $46.21M $36.09M $45.49M $62.50M $54.31M $42.69M $50.48M $47.19M $48.46M $27.37M
Total Current Assets $3.70B $3.04B $2.60B $2.79B $2.54B $2.32B $2.05B $1.91B $1.81B $1.50B $1.46B $1.31B $1.36B
Property Plant & Equipment $337.45M $311.25M $295.10M $277.18M $250.15M $240.32M $226.20M $208.57M $186.86M $170.09M $155.02M $143.95M $138.23M
Goodwill $928.17M $927.78M $905.84M $875.27M $875.19M $874.95M $862.93M $666.83M $637.49M $637.49M $637.43M $611.79M $611.04M
Intangible Assets $431.92M $451.45M $441.50M $434.42M $456.46M $480.88M $489.88M $280.40M $274.13M $285.06M $296.07M $273.90M $285.09M
Other Non-current Assets $24.18M $19.20M $19.25M $19.43M $18.53M $17.63M $16.54M $15.24M $14.81M $15.66M $13.96M $13.84M $12.25M
Total Assets $5.78B $5.06B $4.57B $4.71B $4.41B $4.21B $3.90B $3.31B $3.14B $2.92B $2.84B $2.60B $2.55B
Accounts Payable $665.13M $573.27M $560.66M $654.94M $603.55M $590.53M $557.86M $419.96M $441.13M $396.18M $351.51M $337.38M $330.29M
Deferred Revenue $1.73B $1.55B $1.27B $1.15B $1.20B $1.15B $1.13B $909.54M $775.30M $696.37M $717.29M $461.78M $411.94M
Other Current Liabilities $229.76M $268.72M $351.78M $501.59M $326.92M $335.57M $253.42M $189.93M $198.89M $208.20M $186.92M $120.72M $124.02M
Total Current Liabilities $3.03B $2.70B $2.41B $2.58B $2.43B $2.33B $2.14B $1.72B $1.63B $1.48B $1.41B $1.17B $1.04B
Long-term Debt $131.32M $61.33M $63.78M $62.29M $62.31M $73.38M $77.00M $39.34M $33.93M $133.94M $197.76M $247.25M $378.19M
Deferred Tax Liabilities $2.23M $2.23M $2.23M $2.23M $1.12M $1.12M $1.12M $1.12M $6.65M - - - $1.75M
Other Non-current Liabilities $120.64M $118.73M $104.60M $147.02M $124.20M $113.53M $102.79M $77.94M $72.44M $72.93M $66.54M $67.76M $59.96M
Total Liabilities $3.54B $3.09B $2.79B $3.01B $2.83B $2.73B $2.53B $2.03B $1.93B $1.80B $1.79B $1.60B $1.60B
Common Stock $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K $411.00K
Retained Earnings $2.27B $2.00B $1.78B $1.63B $1.49B $1.36B $1.24B $1.15B $1.07B $967.93M $905.61M $854.64M $804.59M
Treasury Stock $401.12M $388.30M $367.51M $273.80M $256.77M $225.57M $211.52M $209.81M $197.09M $195.29M $191.41M $187.21M $185.57M
Total Stockholders Equity $2.23B $1.97B $1.78B $1.70B $1.59B $1.48B $1.37B $1.28B $1.21B $1.11B $1.05B $999.92M $951.13M
Total Liabilities & Equity $5.78B $5.06B $4.57B $4.71B $4.41B $4.21B $3.90B $3.31B $3.14B $2.92B $2.84B $2.60B $2.55B
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $291.62M $400.14M $169.29M $145.87M $376.56M $134.01M $96.32M $91.58M $105.12M $69.48M $57.22M $55.42M $61.52M
Stock-based Compensation $15.75M $12.19M $8.04M $4.52M $12.13M $10.09M $7.41M $3.81M $9.13M $8.25M $6.14M $3.05M $7.48M
Deferred Income Tax $7.54M $1.10M $2.03M $-34.10M $-32.51M $-32.39M $-14.21M $-21.06M $116.36M $-55.30M $-27.54M $-106.08M $11.58M
Change in Receivables $378.64M $239.68M $-48.27M $70.28M $262.96M $267.09M $125.58M $5.27M $376.28M $147.73M $125.94M $-52.67M $275.85M
Change in Inventory $19.52M $11.42M $3.82M $3.54M $-10.09M $-1.99M $5.29M $11.42M $18.27M $5.99M $1.39M $-2.84M $16.34M
Operating Cash Flow $717.82M $164.54M $-87.95M $210.46M $638.59M $336.42M $146.56M $173.01M $466.56M $252.32M $126.91M $132.01M $169.52M
Capital Expenditure $88.81M $53.48M $22.21M $40.68M $70.39M $48.34M $24.95M $25.26M $69.57M $41.13M $16.52M $13.57M $34.79M
Acquisitions $128.59M $124.09M $68.41M - $235.47M $234.66M $196.67M $48.86M $53.40M $53.40M $53.05M $710.00K $48.51M
Purchases of Investments $29.00M $7.48M $7.26M $740.00K $1.77M $1.27M $1.04M $620.00K $1.24M $1.18M - $850.00K $1.61M
Investing Cash Flow $-236.00M $-182.99M $-96.78M $-39.49M $-304.02M $-282.43M $-221.65M $-73.88M $-119.12M $-93.63M $-68.94M $-14.42M $-82.76M
Stock Repurchased $124.43M $111.29M $91.37M $15.89M $42.02M $11.14M $295.00K $12.62M $8.56M $6.78M $3.57M $1.79M $36.43M
Dividends Paid $47.67M $30.03M $14.16M $12.44M $30.32M $19.63M $8.92M $8.92M $21.45M $13.41M $6.25M $5.37M $14.71M
Financing Cash Flow $-171.24M $-199.79M $-160.45M $-36.62M $-124.14M $-59.71M $-29.27M $-31.60M $-267.03M $-155.90M $-66.62M $-131.51M $-74.40M
Net Change in Cash $310.58M $-218.23M $-345.18M $134.36M $210.43M $-5.73M $-104.36M $67.53M $80.41M $2.79M $-8.65M $-13.93M $12.36M
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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