COMFORT SYSTEMS USA INC (FIX) Form 10-Q — Oct 22, 2026
Comfort Systems USA reported Q3 2026 revenue of $3.77 billion, up 53.7% year over year, with diluted EPS of $13.91 versus $8.25 a year ago and net income of $489.0 million. Growth was driven overwhelmingly by same-store activity (46.3%), especially technology-sector work including data centers in Texas and North Carolina. Backlog surged to $17.81 billion, up 90% from $9.38 billion a year ago and up 26.7% sequentially, and the company expects high demand to continue into 2027. Nine-month operating cash flow reached $2.54 billion with free cash flow of $2.05 billion, and the balance sheet holds $2.16 billion of cash with no revolver borrowings.
Key figures
- Eps
- 13.91
- Revenue
- 3766302000
- Guidance
- Expects supportive conditions, especially for manufacturing and technology customers, likely to continue for the remainder of 2026 and 2027; anticipates high ongoing demand leading to solid earnings for the remainder of 2026.
- Net Income
- 489044000
- Revenue Yoy
- 53.7%
- Cash Position
- 2158027000
- Shares Outstanding
- 34985904
- Backlog
- $17.81 billion
- Backlog yoy
- 90.0%
- Gross margin q3
- 24.8%
- Q3 2025 revenue
- 2450969000
- Credit available
- $1.01 billion
- Nine month revenue
- 9897290000
- Q3 2025 diluted eps
- 8.25
- Nine month net income
- 1301024000
- Q3 share repurchases ytd
- 0.2 million shares for $349.1 million at $1,643.85 average
- Free cash flow nine months
- 2047172000
- Effective tax rate nine months
- 22.7%
- Operating cash flow nine months
- 2538380000
- Remaining performance obligations
- $17.81 billion
AI analysis
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