Comfort Systems Usa Inc

Industrials
Engineering & Construction
www.comfortsystemsusa.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $15.22B
PE 26
Debt $71.91M
Cash $204.76M
EV $15.09B
FCF $506.22M

Earnings

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Sales & Net Margins

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Earnings	$595.40M
EBIT	$823.01M
ROE	34%
ROA	18%
FCF	$506.22M
Equity	$1.78B
Growth Stability	100%
PE	25.57
PEG	0.7
PB	8.57
P/FCF	30.07
P/S	2.08
Price/Cash	0.01
Debt/Equity	0.04
Debt/FCF	0.14
Net Margins	9%
Gross Margins	22%
Op. Margins	11%
Earnings CAGR	29%
Sales Growth YoY	19%
Sales Growth QoQ	-2%
Sales CAGR	19%
FCF CAGR	33%
Equity CAGR	19%
Earnings Stability	0.95
Earnings Growth YoY	76%
Earnings Growth QoQ	16%
Earnings CAGR 5Y	37%

Sales CAGR 5Y	25%
FCF CAGR 5Y	32%
Equity CAGR 5Y	25%
Earnings CAGR 3Y	30%
Sales CAGR 3Y	30%
FCF CAGR 3Y	74%
Equity CAGR 3Y	29%
Market Cap	$15.22B
Revenue	$7.32B
Dividend Yield	0%
Payout Ratio	8%
Assets	$4.57B
Total Debt	$71.91M
Cash	$204.76M
Shares Outstanding	35.31M
EV	15.09B
Earnings Score	95%
Moat Score	94%
Safety Score	98%
Final Score	96%
Working Capital	186.26M
Current Ratio	1.08
Gross Profit	$1.58B
Shares Growth 3y	-0%
Equity Growth QoQ	4%
Equity Growth YoY	29%

Assets & ROA

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Stockholders Equity & ROE

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Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, and air conditioning, or HVAC; plumbing; piping and controls; construction; and other electrical components. Projects are primarily for commercial, industrial, and institutional buildings, and tend to be geared toward HVAC. Revenue is roughly split between installation services in newly constructed facilities, and maintenance services for existing buildings. Replacing existing air systems with modern, energy-efficient systems can reduce a building's costs and improve the environment within the designated area. The company installs and repairs products and systems throughout the United States.

SEC Filings

Direct access to Comfort Systems Usa Inc (FIX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Comfort Systems Usa Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Comfort Systems Usa Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 29%

Stability 95%

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Comfort Systems Usa Inc Discounted Cash Flow

Fully customizable DCF calculator online for Comfort Systems Usa Inc.

Years

Calculation mode

= $50B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$506M	$672M	$892M	$1.2B	$1.6B	$2.1B	$2.8B	$3.7B	$4.9B	$6.5B	$8.6B	$86B
DCF		$611M	$737M	$890M	$1.1B	$1.3B	$1.6B	$1.9B	$2.3B	$2.8B	$3.3B	$33B
Value	$50B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	3%	4%	3%	5%	4%	5%	5%	6%	6%	7%	9%
ROA	-	15%	12%	14%	11%	11%	9%	10%	13%	16%	18%
ROE	-	17%	13%	23%	20%	22%	18%	25%	25%	31%	34%

Net Margins (9.24%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.04	0.77	0.64	2.24	0.9	2.48	1.05	0.09	0.1	0.14
Debt over Equity	0.03	0.01	0.14	0.15	0.42	0.34	0.49	0.27	0.04	0.04	0.04
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (0.14)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.04)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	3%	9%	22%	20%	9%	8%	35%	26%	35%	25%
Earnings YoY growth	-	31%	-15%	104%	1%	31%	-5%	72%	31%	62%	37%
Equity YoY growth	-	3%	11%	19%	18%	19%	16%	24%	28%	33%	25%
FCF YoY growth	-	-12%	16%	53%	-8%	138%	-40%	60%	115%	35%	32%