Comfort Systems USA (FIX) Financials

$478.59 -0.24 (-0.05%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$477.38 -1.21 (-0.25%)

As of 05/30/2025 07:51 PM Eastern

Annual Income Statements for Comfort Systems USA

This table shows Comfort Systems USA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	522	323	246	143	150	114	113	55	65	49
Consolidated Net Income / (Loss)	522	323	246	143	150	114	113	55	65	57
Net Income / (Loss) Continuing Operations	522	323	246	143	150	114	113	55	65	57
Total Pre-Tax Income	667	388	236	190	192	152	149	101	101	89
Total Operating Income	749	418	254	188	191	164	150	99	102	90
Total Gross Profit	1,476	991	742	563	547	502	446	366	344	318
Total Revenue	7,027	5,207	4,140	3,074	2,857	2,615	2,183	1,788	1,634	1,581
Operating Revenue	7,027	5,207	4,140	3,074	2,857	2,615	2,183	1,788	1,634	1,581
Total Cost of Revenue	5,551	4,216	3,399	2,510	2,310	2,113	1,737	1,422	1,290	1,262
Operating Cost of Revenue	5,551	4,216	3,399	2,510	2,310	2,113	1,737	1,422	1,290	1,262
Total Operating Expenses	727	572	488	375	356	338	296	267	242	228
Selling, General & Admin Expense	730	574	489	376	358	340	297	267	243	229
Other Special Charges / (Income)	-3.03	-2.30	-1.59	-1.54	-1.45	-1.70	-0.95	-0.67	-0.76	-0.88
Total Other Income / (Expense), net	-83	-30	-18	1.84	0.89	-12	-1.56	1.68	-0.51	-1.38
Interest Expense	6.65	10	13	6.20	8.39	9.32	3.71	3.16	2.35	1.75
Interest & Investment Income	12	3.49	0.05	0.02	0.10	0.22	0.07	0.07	0.01	0.07
Other Income / (Expense), net	-88	-23	-4.69	8.01	9.17	-2.80	2.08	4.76	1.83	0.30
Income Tax Expense	144	65	-10	47	41	37	36	46	36	31
Basic Earnings per Share	$14.64	$9.03	$6.84	$3.95	$4.11	$3.10	$3.03	$1.48	$1.74	$1.32
Weighted Average Basic Shares Outstanding	35.69M	35.80M	35.93M	36.29M	36.54M	36.85M	37.20M	37.24M	37.34M	37.44M
Diluted Earnings per Share	$14.60	$9.01	$6.82	$3.93	$4.09	$3.08	$3.00	$1.47	$1.72	$1.30
Weighted Average Diluted Shares Outstanding	35.78M	35.90M	36.05M	36.45M	36.74M	37.13M	37.59M	37.67M	37.81M	37.87M
Weighted Average Basic & Diluted Shares Outstanding	35.55M	35.68M	35.74M	35.96M	36.19M	36.61M	37.30M	37.30M	37.30M	37.40M
Cash Dividends to Common per Share	$1.20	$0.85	$0.56	$0.48	$0.43	$0.40	$0.33	$0.30	$0.28	$0.25

This table shows Comfort Systems USA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	169	146	146	134	96	92	105	69	57	55	62
Consolidated Net Income / (Loss)	169	146	146	134	96	92	105	69	57	55	62
Net Income / (Loss) Continuing Operations	169	146	146	134	96	92	105	69	57	55	62
Total Pre-Tax Income	208	186	188	170	123	112	125	85	66	70	74
Total Operating Income	209	226	203	185	135	120	135	92	71	80	81
Total Gross Profit	403	434	382	364	297	280	277	228	205	211	202
Total Revenue	1,831	1,868	1,812	1,810	1,537	1,358	1,378	1,296	1,175	1,117	1,120
Operating Revenue	1,831	1,868	1,812	1,810	1,537	1,358	1,378	1,296	1,175	1,117	1,120
Total Cost of Revenue	1,428	1,434	1,431	1,447	1,240	1,078	1,101	1,069	969	906	918
Operating Cost of Revenue	1,428	1,434	1,431	1,447	1,240	1,078	1,101	1,069	969	906	918
Total Operating Expenses	194	207	179	179	162	159	142	136	135	131	121
Selling, General & Admin Expense	195	208	180	180	163	160	143	136	135	132	121
Other Special Charges / (Income)	-0.56	-0.25	-1.35	-0.61	-0.82	-0.62	-0.58	-0.59	-0.51	-0.47	-0.41
Total Other Income / (Expense), net	-1.09	-40	-15	-15	-12	-8.55	-9.71	-6.88	-5.06	-9.87	-7.00
Interest Expense	1.62	1.58	1.73	1.71	1.63	0.40	1.89	3.92	4.08	4.59	3.61
Interest & Investment Income	4.27	4.86	3.83	1.26	1.60	1.05	0.95	0.09	1.40	0.03	0.01
Other Income / (Expense), net	-3.73	-44	-17	-15	-12	-9.20	-8.77	-3.05	-2.38	-5.32	-3.40
Income Tax Expense	39	40	42	36	27	20	20	16	8.61	15	13
Basic Earnings per Share	$4.77	$4.09	$4.10	$3.75	$2.70	$2.56	$2.93	$1.94	$1.60	$1.55	$1.72
Weighted Average Basic Shares Outstanding	35.52M	35.69M	35.67M	35.75M	35.74M	35.80M	35.82M	35.82M	35.81M	35.93M	35.85M
Diluted Earnings per Share	$4.75	$4.08	$4.09	$3.74	$2.69	$2.56	$2.93	$1.93	$1.59	$1.54	$1.71
Weighted Average Diluted Shares Outstanding	35.61M	35.78M	35.76M	35.83M	35.83M	35.90M	35.92M	35.91M	35.91M	36.05M	35.97M
Weighted Average Basic & Diluted Shares Outstanding	35.27M	35.55M	35.59M	35.68M	35.72M	35.68M	35.71M	35.77M	35.77M	35.74M	35.76M
Cash Dividends to Common per Share	$0.40	-	$0.30	$0.30	$0.25	-	$0.23	$0.20	$0.18	-	$0.14

This table details how cash moves in and out of Comfort Systems USA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	345	148	-1.56	3.88	4.11	5.17	9.08	4.47	-24	24
Net Cash From Operating Activities	849	640	302	180	287	142	147	114	91	98
Net Cash From Continuing Operating Activities	849	640	302	180	287	142	147	114	91	98
Net Income / (Loss) Continuing Operations	522	323	246	143	150	114	113	55	65	57
Consolidated Net Income / (Loss)	522	323	246	143	150	114	113	55	65	57
Depreciation Expense	48	38	34	28	28	24	23	20	18	16
Amortization Expense	98	44	49	41	33	27	20	18	8.55	7.80
Non-Cash Adjustments To Reconcile Net Income	1.61	398	24	7.92	50	24	12	22	-0.95	6.28
Changes in Operating Assets and Liabilities, net	179	-164	-50	-41	26	-48	-21	-1.14	0.71	10
Net Cash From Investing Activities	-344	-193	-97	-247	-208	-224	-96	-129	-79	-26
Net Cash From Continuing Investing Activities	-344	-193	-97	-247	-208	-224	-96	-129	-79	-26
Purchase of Property, Plant & Equipment	-111	-95	-48	-22	-24	-32	-27	-35	-23	-21
Acquisitions	-235	-102	-49	-227	-186	-196	-70	-95	-57	-6.16
Purchase of Investments	-2.51	-1.86	-2.46	0.00	0.00	-	-	-	-	-
Sale of Property, Plant & Equipment	5.54	5.95	2.86	3.10	2.27	2.16	1.70	1.36	1.06	1.34
Net Cash From Financing Activities	-161	-299	-206	70	-75	88	-42	19	-36	-48
Net Cash From Continuing Financing Activities	-161	-299	-206	70	-75	88	-42	19	-36	-48
Repayment of Debt	-209	-512	-695	-156	-288	-233	-121	-133	-156	-53
Repurchase of Common Equity	-58	-21	-38	-27	-30	-20	-29	-9.01	-13	-8.33
Payment of Dividends	-43	-30	-20	-17	-15	-15	-12	-11	-10	-15
Issuance of Debt	183	285	555	275	268	356	124	177	144	25
Other Financing Activities, net	-34	-20	-8.07	-4.42	-9.45	-1.13	-4.63	-4.57	-1.28	4.04

This table details how cash moves in and out of Comfort Systems USA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-345	134	216	99	-104	68	78	11	-8.65	-14	2.01
Net Cash From Operating Activities	-88	210	302	190	147	173	214	125	127	132	61
Net Cash From Continuing Operating Activities	-88	210	302	190	147	173	214	125	127	132	61
Net Income / (Loss) Continuing Operations	169	146	146	134	96	92	105	69	57	55	62
Consolidated Net Income / (Loss)	169	146	146	134	96	92	105	69	57	55	62
Depreciation Expense	14	13	12	12	11	10	9.46	9.07	9.19	8.91	8.35
Amortization Expense	20	22	25	27	24	11	11	11	11	11	12
Non-Cash Adjustments To Reconcile Net Income	-134	-58	46	2.94	10	373	9.71	5.24	9.65	17	-83
Changes in Operating Assets and Liabilities, net	-158	87	73	14	4.79	-314	79	30	40	39	63
Net Cash From Investing Activities	-97	-39	-22	-61	-222	-74	-25	-25	-69	-14	-23
Net Cash From Continuing Investing Activities	-97	-39	-22	-61	-222	-74	-25	-25	-69	-14	-23
Purchase of Property, Plant & Equipment	-22	-41	-22	-23	-25	-25	-28	-25	-17	-14	-15
Acquisitions	-68	-	-0.81	-38	-197	-49	-	-0.36	-53	-0.71	-9.13
Purchase of Investments	-7.26	-0.74	-0.50	-0.23	-1.04	-0.62	-0.06	-1.18	0.00	-0.85	-0.37
Sale of Property, Plant & Equipment	1.10	1.93	1.78	0.82	1.01	0.86	3.01	1.46	0.62	0.71	0.59
Net Cash From Financing Activities	-160	-37	-64	-30	-29	-32	-111	-89	-67	-132	-36
Net Cash From Continuing Financing Activities	-160	-37	-64	-30	-29	-32	-111	-89	-67	-132	-36
Repayment of Debt	-5.99	-0.03	-23	-24	-162	-295	145	-222	-140	-184	-35
Repurchase of Common Equity	-91	-16	-31	-11	-0.30	-13	-1.79	-3.21	-3.57	-1.79	-3.57
Payment of Dividends	-14	-12	-11	-11	-8.92	-8.92	-8.05	-7.15	-6.25	-5.37	-5.01
Issuance of Debt	0.00	-	-	20	163	285	-245	160	85	60	10
Other Financing Activities, net	-49	-8.26	-0.15	-5.06	-21	-	-1.28	-17	-1.78	0.06	-2.13

This table presents Comfort Systems USA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,711	3,306	2,597	2,209	1,757	1,505	1,063	881	709	692
Total Current Assets	2,790	1,911	1,308	1,027	812	790	610	489	416	424
Cash & Equivalents	550	205	57	59	55	51	46	37	32	56
Note & Lease Receivable	86	166	38	57	44	38	16	21	20	21
Accounts Receivable	96	1,392	1,101	62	46	56	519	383	348	333
Inventories, net	59	66	35	22	13	10	12	10	9.21	7.94
Prepaid Expenses	46	54	48	24	16	14	6.54	8.29	6.11	5.84
Other Current Assets	1,953	28	27	804	638	622	10	30	-	-
Plant, Property, & Equipment, net	277	209	144	129	117	110	100	88	68	61
Total Noncurrent Assets	1,644	1,186	1,146	1,053	828	605	353	304	225	207
Goodwill	875	667	612	592	464	332	235	201	149	144
Intangible Assets	434	280	274	305	232	160	95	76	42	41
Noncurrent Deferred & Refundable Income Taxes	85	18	116	23	29	22	18	23	27	16
Other Noncurrent Operating Assets	249	221	145	133	103	91	5.16	4.58	5.94	5.28
Total Liabilities & Shareholders' Equity	4,711	3,306	2,597	2,209	1,757	1,505	1,063	881	709	692
Total Liabilities	3,006	2,028	1,598	1,403	1,061	920	565	463	332	327
Total Current Liabilities	2,583	1,721	1,171	837	693	608	467	374	318	305
Short-Term Debt	6.04	4.87	9.00	2.79	0.00	21	3.28	0.61	0.76	0.75
Accounts Payable	655	420	337	255	204	196	176	132	103	107
Current Deferred Revenue	1,149	910	548	321	226	167	131	106	84	85
Current Employee Benefit Liabilities	229	169	128	130	122	103	87	69	62	54
Other Current Liabilities	544	218	148	128	141	121	69	66	68	58
Total Noncurrent Liabilities	424	307	427	567	368	312	97	89	15	21
Long-Term Debt	62	39	247	385	236	205	74	60	1.96	11
Noncurrent Deferred & Payable Income Tax Liabilities	2.23	1.12	0.00	1.75	1.34	1.43	1.39	2.26	2.29	1.81
Other Noncurrent Operating Liabilities	359	266	180	180	131	105	22	27	10	8.63
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,705	1,278	1,000	806	696	585	498	418	377	365
Total Preferred & Common Equity	1,705	1,278	1,000	806	696	585	498	418	377	347
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,705	1,278	1,000	806	696	585	498	418	377	347
Common Stock	351	340	332	327	323	321	317	313	310	324
Retained Earnings	1,627	1,148	855	629	503	369	269	168	124	69
Treasury Stock	-274	-210	-187	-151	-129	-104	-88	-64	-57	-47

This table presents Comfort Systems USA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,569	4,413	4,214	3,903	3,141	2,915	2,839	2,549
Total Current Assets	2,597	2,537	2,323	2,048	1,812	1,500	1,459	1,358
Cash & Equivalents	205	416	199	101	138	60	49	71
Note & Lease Receivable	204	135	156	136	212	60	42	83
Accounts Receivable	110	89	81	77	1,333	82	81	90
Inventories, net	63	56	64	71	54	42	37	38
Prepaid Expenses	51	36	45	63	43	50	47	27
Other Current Assets	1,965	1,805	1,778	1,601	33	1,206	1,203	1,048
Plant, Property, & Equipment, net	295	250	240	226	187	170	155	138
Total Noncurrent Assets	1,677	1,626	1,650	1,628	1,142	1,245	1,225	1,053
Goodwill	906	875	875	863	637	637	637	611
Intangible Assets	442	456	481	490	274	285	296	285
Noncurrent Deferred & Refundable Income Taxes	83	50	50	32	5.96	171	143	11
Other Noncurrent Operating Assets	246	244	244	244	224	151	149	146
Total Liabilities & Shareholders' Equity	4,569	4,413	4,214	3,903	3,141	2,915	2,839	2,549
Total Liabilities	2,792	2,825	2,732	2,530	1,933	1,804	1,786	1,598
Total Current Liabilities	2,411	2,429	2,335	2,140	1,629	1,481	1,407	1,044
Short-Term Debt	4.07	6.05	18	13	13	13	11	2.51
Accounts Payable	561	604	591	558	441	396	352	330
Current Deferred Revenue	1,267	1,198	1,150	1,132	775	696	717	412
Current Employee Benefit Liabilities	192	258	209	154	174	142	116	150
Other Current Liabilities	387	364	367	283	225	234	211	149
Total Noncurrent Liabilities	381	396	397	391	304	322	379	554
Long-Term Debt	64	62	73	77	34	134	198	378
Noncurrent Deferred & Payable Income Tax Liabilities	2.23	1.12	1.12	1.12	6.65	-	-	1.75
Other Noncurrent Operating Liabilities	315	332	322	313	264	188	182	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,777	1,588	1,482	1,373	1,207	1,111	1,053	951
Total Preferred & Common Equity	1,777	1,588	1,482	1,373	1,207	1,111	1,053	951
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,777	1,588	1,482	1,373	1,207	1,111	1,053	951
Common Stock	362	351	350	349	339	339	339	332
Retained Earnings	1,782	1,494	1,358	1,235	1,065	968	906	805
Treasury Stock	-368	-257	-226	-212	-197	-195	-191	-186

This table displays calculated financial ratios and metrics derived from Comfort Systems USA's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.97%	25.76%	34.71%	7.60%	9.23%	19.81%	22.09%	9.40%	3.41%	12.03%
EBITDA Growth	69.27%	44.05%	24.58%	1.89%	22.65%	8.91%	37.73%	9.18%	13.90%	79.12%
EBIT Growth	67.51%	58.52%	26.84%	-1.69%	24.24%	5.60%	46.42%	0.61%	14.45%	114.76%
NOPAT Growth	68.51%	31.67%	86.46%	-5.00%	21.21%	8.06%	109.90%	-16.66%	11.81%	94.24%
Net Income Growth	61.54%	31.49%	71.57%	-4.52%	31.33%	1.26%	104.27%	-14.83%	12.98%	100.85%
EPS Growth	62.04%	32.11%	73.54%	-3.91%	32.79%	2.67%	104.08%	-14.53%	32.31%	113.11%
Operating Cash Flow Growth	32.75%	112.11%	67.38%	-37.12%	101.73%	-3.51%	29.01%	25.12%	-6.82%	129.99%
Free Cash Flow Firm Growth	11.74%	114.58%	273.46%	-452.42%	130.39%	-504.77%	166.35%	-206.12%	-44.30%	290.43%
Invested Capital Growth	9.51%	-6.84%	5.64%	29.37%	15.33%	43.70%	19.78%	27.23%	8.54%	-2.95%
Revenue Q/Q Growth	7.83%	4.84%	6.73%	5.39%	-0.72%	5.28%	6.19%	4.01%	0.51%	1.76%
EBITDA Q/Q Growth	11.76%	8.60%	7.55%	0.58%	3.79%	6.58%	5.75%	2.86%	1.87%	9.37%
EBIT Q/Q Growth	12.15%	10.13%	9.71%	-1.46%	4.23%	8.03%	6.12%	0.30%	1.88%	12.04%
NOPAT Q/Q Growth	15.51%	11.23%	12.67%	-1.37%	2.15%	6.35%	23.36%	-15.86%	2.41%	5.09%
Net Income Q/Q Growth	11.60%	12.59%	7.82%	-3.53%	6.22%	8.44%	18.49%	-14.44%	3.15%	5.63%
EPS Q/Q Growth	11.62%	12.77%	8.08%	-3.44%	6.51%	8.83%	18.58%	-14.53%	5.52%	6.56%
Operating Cash Flow Q/Q Growth	4.61%	6.85%	53.05%	-19.13%	10.74%	-20.61%	26.45%	6.50%	24.85%	22.87%
Free Cash Flow Firm Q/Q Growth	25.04%	-5.83%	509.90%	-790.59%	-61.70%	-48.20%	292.56%	-25.73%	98.76%	40.59%
Invested Capital Q/Q Growth	-1.40%	0.01%	-4.90%	16.19%	7.00%	0.18%	-7.21%	-4.78%	-5.49%	-0.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.01%	19.02%	17.91%	18.32%	19.15%	19.19%	20.44%	20.49%	21.05%	20.13%
EBITDA Margin	11.50%	9.17%	8.00%	8.65%	9.14%	8.14%	8.95%	7.93%	7.95%	7.22%
Operating Margin	10.66%	8.04%	6.13%	6.13%	6.67%	6.26%	6.88%	5.55%	6.21%	5.70%
EBIT Margin	9.42%	7.59%	6.02%	6.39%	7.00%	6.15%	6.98%	5.82%	6.33%	5.72%
Profit (Net Income) Margin	7.43%	6.21%	5.94%	4.66%	5.26%	4.37%	5.17%	3.09%	3.97%	3.63%
Tax Burden Percent	78.38%	83.31%	104.28%	75.34%	78.39%	75.34%	75.94%	54.76%	64.21%	64.78%
Interest Burden Percent	100.74%	98.28%	94.66%	96.86%	95.86%	94.35%	97.61%	97.03%	97.74%	98.14%
Effective Tax Rate	21.62%	16.69%	-4.28%	24.66%	21.61%	24.66%	24.06%	45.24%	35.79%	35.22%
Return on Invested Capital (ROIC)	50.20%	30.10%	22.68%	14.11%	18.25%	19.11%	23.49%	13.77%	19.54%	17.95%
ROIC Less NNEP Spread (ROIC-NNEP)	70.40%	-101.97%	15.58%	14.65%	18.64%	10.44%	19.20%	-21.13%	20.42%	22.84%
Return on Net Nonoperating Assets (RNNOA)	-15.17%	-1.71%	4.56%	4.98%	5.18%	1.99%	1.16%	0.14%	-2.04%	-1.22%
Return on Equity (ROE)	35.03%	28.40%	27.24%	19.09%	23.43%	21.11%	24.65%	13.91%	17.50%	16.74%
Cash Return on Invested Capital (CROIC)	41.13%	37.19%	17.20%	-11.50%	4.01%	-16.75%	5.50%	-10.19%	11.36%	20.94%
Operating Return on Assets (OROA)	16.51%	13.38%	10.37%	9.91%	12.25%	12.53%	15.67%	13.08%	14.77%	13.41%
Return on Assets (ROA)	13.03%	10.96%	10.23%	7.23%	9.20%	8.91%	11.62%	6.95%	9.27%	8.53%
Return on Common Equity (ROCE)	35.03%	28.40%	27.24%	19.09%	23.43%	21.11%	24.65%	13.91%	17.07%	15.92%
Return on Equity Simple (ROE_SIMPLE)	30.65%	25.31%	24.60%	17.79%	21.56%	19.53%	22.67%	13.22%	17.23%	16.57%
Net Operating Profit after Tax (NOPAT)	587	349	265	142	149	123	114	54	65	58
NOPAT Margin	8.36%	6.69%	6.39%	4.62%	5.23%	4.71%	5.23%	3.04%	3.99%	3.69%
Net Nonoperating Expense Percent (NNEP)	-20.20%	132.07%	7.10%	-0.54%	-0.39%	8.68%	4.29%	34.90%	-0.88%	-4.89%
Return On Investment Capital (ROIC_SIMPLE)	33.13%	26.36%	21.07%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	78.99%	80.98%	82.09%	81.68%	80.85%	80.81%	79.56%	79.51%	78.95%	79.87%
SG&A Expenses to Revenue	10.39%	11.03%	11.82%	12.24%	12.52%	13.00%	13.61%	14.91%	14.88%	14.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.35%	10.99%	11.78%	12.19%	12.47%	12.94%	13.56%	14.93%	14.83%	14.43%
Earnings before Interest and Taxes (EBIT)	662	395	249	196	200	161	152	104	103	90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	808	477	331	266	261	213	195	142	130	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.85	5.73	4.08	4.37	2.70	3.03	3.14	3.71	3.12	2.89
Price to Tangible Book Value (P/TBV)	38.21	22.14	35.72	0.00	8,174.81	19.11	9.32	10.97	6.36	6.19
Price to Revenue (P/Rev)	2.15	1.41	0.99	1.14	0.66	0.68	0.72	0.87	0.72	0.63
Price to Earnings (P/E)	28.89	22.64	16.59	24.55	12.52	15.53	13.84	28.06	18.12	20.27
Dividend Yield	0.28%	0.41%	0.49%	0.49%	0.82%	0.82%	0.78%	0.71%	0.87%	0.94%
Earnings Yield	3.46%	4.42%	6.03%	4.07%	7.99%	6.44%	7.22%	3.56%	5.52%	4.93%
Enterprise Value to Invested Capital (EV/IC)	11.95	6.41	3.57	3.39	2.35	2.56	3.01	3.56	3.30	3.04
Enterprise Value to Revenue (EV/Rev)	2.08	1.38	1.03	1.25	0.72	0.75	0.73	0.88	0.70	0.62
Enterprise Value to EBITDA (EV/EBITDA)	18.09	15.00	12.92	14.47	7.90	9.17	8.16	11.10	8.83	8.54
Enterprise Value to EBIT (EV/EBIT)	22.08	18.13	17.18	19.59	10.31	12.13	10.47	15.14	11.09	10.78
Enterprise Value to NOPAT (EV/NOPAT)	24.88	20.54	16.17	27.11	13.79	15.82	13.97	28.97	17.58	16.70
Enterprise Value to Operating Cash Flow (EV/OCF)	17.21	11.19	14.19	21.36	7.19	13.73	10.83	13.80	12.58	9.95
Enterprise Value to Free Cash Flow (EV/FCFF)	30.37	16.63	21.33	0.00	62.78	0.00	59.73	0.00	30.26	14.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.03	0.26	0.48	0.34	0.39	0.15	0.14	0.01	0.03
Long-Term Debt to Equity	0.04	0.03	0.25	0.48	0.34	0.35	0.15	0.14	0.01	0.03
Financial Leverage	-0.22	0.02	0.29	0.34	0.28	0.19	0.06	-0.01	-0.10	-0.05
Leverage Ratio	2.69	2.59	2.66	2.64	2.55	2.37	2.12	2.00	1.89	1.96
Compound Leverage Factor	2.71	2.55	2.52	2.56	2.44	2.24	2.07	1.94	1.85	1.93
Debt to Total Capital	3.85%	3.34%	20.40%	32.51%	25.29%	27.87%	13.38%	12.65%	0.74%	3.06%
Short-Term Debt to Total Capital	0.34%	0.37%	0.72%	0.23%	0.00%	2.57%	0.57%	0.13%	0.20%	0.20%
Long-Term Debt to Total Capital	3.51%	2.98%	19.68%	32.27%	25.29%	25.30%	12.81%	12.52%	0.54%	2.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.86%
Common Equity to Total Capital	96.15%	96.66%	79.60%	67.49%	74.71%	72.13%	86.62%	87.35%	99.26%	92.09%
Debt to EBITDA	0.08	0.09	0.77	1.46	0.90	1.06	0.39	0.43	0.02	0.10
Net Debt to EBITDA	-0.60	-0.34	0.60	1.24	0.69	0.82	0.16	0.17	-0.23	-0.39
Long-Term Debt to EBITDA	0.08	0.08	0.75	1.45	0.90	0.96	0.38	0.42	0.02	0.09
Debt to NOPAT	0.12	0.13	0.97	2.73	1.58	1.83	0.67	1.11	0.04	0.20
Net Debt to NOPAT	-0.82	-0.46	0.75	2.32	1.21	1.42	0.27	0.44	-0.45	-0.77
Long-Term Debt to NOPAT	0.11	0.11	0.93	2.71	1.58	1.67	0.65	1.10	0.03	0.18
Altman Z-Score	5.50	4.69	3.97	3.69	3.55	3.74	4.70	4.85	5.32	4.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.47%	4.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.11	1.12	1.23	1.17	1.30	1.31	1.31	1.31	1.39
Quick Ratio	0.28	1.02	1.02	0.21	0.21	0.24	1.24	1.18	1.26	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	481	431	201	-116	33	-108	27	-40	38	68
Operating Cash Flow to CapEx	804.54%	719.53%	662.69%	936.87%	1,310.60%	479.97%	575.64%	334.50%	411.59%	502.66%
Free Cash Flow to Firm to Interest Expense	72.38	41.88	15.03	-18.67	3.92	-11.59	7.19	-12.74	16.16	38.82
Operating Cash Flow to Interest Expense	127.72	62.21	22.58	29.08	34.17	15.24	39.67	36.15	38.89	55.83
Operating Cash Flow Less CapEx to Interest Expense	111.84	53.56	19.18	25.97	31.56	12.07	32.78	25.34	29.44	44.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.76	1.72	1.55	1.75	2.04	2.25	2.25	2.33	2.35
Accounts Receivable Turnover	9.45	4.18	7.12	57.20	56.49	9.11	4.84	4.89	4.80	4.76
Inventory Turnover	88.99	83.62	118.92	142.13	196.36	188.11	152.88	145.73	150.48	152.21
Fixed Asset Turnover	28.93	29.54	30.39	25.01	25.17	24.98	23.32	22.95	25.34	27.12
Accounts Payable Turnover	10.33	11.13	11.48	10.94	11.54	11.35	11.27	12.08	12.28	11.86
Days Sales Outstanding (DSO)	38.63	87.37	51.26	6.38	6.46	40.06	75.36	74.62	76.11	76.74
Days Inventory Outstanding (DIO)	4.10	4.37	3.07	2.57	1.86	1.94	2.39	2.50	2.43	2.40
Days Payable Outstanding (DPO)	35.34	32.78	31.80	33.36	31.63	32.16	32.39	30.23	29.72	30.78
Cash Conversion Cycle (CCC)	7.39	58.96	22.53	-24.41	-23.31	9.85	45.36	46.90	48.82	48.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,223	1,117	1,199	1,135	877	761	529	442	347	320
Invested Capital Turnover	6.01	4.50	3.55	3.06	3.49	4.05	4.49	4.53	4.90	4.86
Increase / (Decrease) in Invested Capital	106	-82	64	258	117	231	87	95	27	-9.71
Enterprise Value (EV)	14,612	7,160	4,280	3,848	2,061	1,951	1,594	1,575	1,147	974
Market Capitalization	15,093	7,321	4,081	3,519	1,880	1,775	1,563	1,551	1,176	1,001
Book Value per Share	$47.89	$35.78	$27.96	$22.35	$19.14	$15.96	$13.41	$11.26	$10.12	$9.26
Tangible Book Value per Share	$11.10	$9.26	$3.19	($2.53)	$0.01	$2.53	$4.51	$3.81	$4.97	$4.32
Total Capital	1,773	1,322	1,256	1,194	932	811	575	478	379	377
Total Debt	68	44	256	388	236	226	77	61	2.81	12
Total Long-Term Debt	62	39	247	385	236	205	74	60	2.05	11
Net Debt	-482	-161	199	329	181	175	31	24	-29	-45
Capital Expenditures (CapEx)	106	89	46	19	22	30	26	34	22	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-336	-10	89	135	64	152	100	80	67	63
Debt-free Net Working Capital (DFNWC)	214	195	146	194	119	203	146	116	99	120
Net Working Capital (NWC)	207	190	137	191	119	182	143	116	98	119
Net Nonoperating Expense (NNE)	65	25	19	-1.38	-0.70	8.96	1.19	-0.92	0.33	0.89
Net Nonoperating Obligations (NNO)	-482	-161	199	329	181	175	31	24	-29	-45
Total Depreciation and Amortization (D&A)	146	82	82	69	61	52	43	38	27	24
Debt-free, Cash-free Net Working Capital to Revenue	-4.79%	-0.20%	2.14%	4.39%	2.24%	5.82%	4.59%	4.46%	4.10%	4.00%
Debt-free Net Working Capital to Revenue	3.04%	3.74%	3.52%	6.30%	4.16%	7.76%	6.68%	6.50%	6.06%	7.57%
Net Working Capital to Revenue	2.95%	3.65%	3.31%	6.21%	4.16%	6.97%	6.53%	6.47%	6.01%	7.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$14.64	$9.03	$6.84	$3.95	$4.11	$3.10	$3.03	$1.48	$1.74	$1.32
Adjusted Weighted Average Basic Shares Outstanding	35.69M	35.80M	35.93M	36.29M	36.54M	36.85M	37.20M	37.24M	37.34M	37.44M
Adjusted Diluted Earnings per Share	$14.60	$9.01	$6.82	$3.93	$4.09	$3.08	$3.00	$1.47	$1.72	$1.30
Adjusted Weighted Average Diluted Shares Outstanding	35.78M	35.90M	36.05M	36.45M	36.74M	37.13M	37.59M	37.67M	37.81M	37.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.55M	35.68M	35.74M	35.96M	36.19M	36.61M	36.87M	37.18M	37.21M	37.32M
Normalized Net Operating Profit after Tax (NOPAT)	585	347	177	141	148	122	113	55	65	58
Normalized NOPAT Margin	8.32%	6.66%	4.27%	4.58%	5.19%	4.67%	5.19%	3.05%	3.96%	3.65%
Pre Tax Income Margin	9.49%	7.46%	5.70%	6.19%	6.71%	5.80%	6.81%	5.65%	6.18%	5.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	99.53	38.42	18.66	31.71	23.83	17.26	41.05	32.96	44.09	51.54
NOPAT to Interest Expense	88.35	33.90	19.83	22.91	17.82	13.23	30.75	17.22	27.81	33.28
EBIT Less CapEx to Interest Expense	83.65	29.77	15.25	28.60	21.22	14.09	34.16	22.15	34.64	40.43
NOPAT Less CapEx to Interest Expense	72.47	25.26	16.42	19.81	15.22	10.06	23.86	6.41	18.37	22.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.19%	9.39%	8.16%	12.13%	10.32%	12.72%	10.87%	19.88%	15.82%	25.43%
Augmented Payout Ratio	19.27%	15.94%	23.70%	31.00%	30.38%	29.82%	36.14%	36.17%	35.98%	39.93%

This table displays calculated financial ratios and metrics derived from Comfort Systems USA's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.15%	37.58%	31.51%	39.64%	30.85%	21.52%	23.05%	27.36%	32.70%	30.50%	34.31%
EBITDA Growth	51.28%	63.98%	51.53%	91.20%	79.64%	39.77%	49.92%	41.09%	45.04%	32.39%	20.48%
EBIT Growth	66.85%	64.52%	46.96%	91.06%	79.68%	48.59%	61.93%	57.47%	71.97%	41.84%	24.11%
NOPAT Growth	60.50%	80.02%	39.48%	94.27%	72.08%	55.95%	68.29%	67.90%	-24.97%	73.74%	39.00%
Net Income Growth	75.76%	59.28%	39.11%	92.89%	68.34%	65.24%	70.89%	64.46%	-34.05%	47.42%	32.87%
EPS Growth	76.58%	59.38%	39.59%	93.78%	69.18%	66.23%	71.35%	64.96%	-33.75%	49.51%	34.65%
Operating Cash Flow Growth	-160.01%	21.65%	41.05%	51.39%	15.48%	31.06%	249.88%	181.42%	99.14%	380.08%	43.79%
Free Cash Flow Firm Growth	-161.28%	-60.53%	-86.67%	-126.74%	-282.31%	22,244.34%	218.72%	133.27%	109.08%	99.63%	-99.61%
Invested Capital Growth	20.45%	9.51%	11.08%	14.62%	12.15%	-6.84%	-11.41%	-2.81%	3.31%	5.64%	29.06%
Revenue Q/Q Growth	-1.96%	3.06%	0.11%	17.78%	13.22%	-1.49%	6.30%	10.37%	5.14%	-0.25%	10.03%
EBITDA Q/Q Growth	10.03%	-2.17%	6.55%	31.89%	19.27%	-9.60%	34.45%	23.92%	-7.20%	-3.03%	26.52%
EBIT Q/Q Growth	12.37%	-1.60%	9.18%	38.20%	10.81%	-12.10%	41.95%	29.96%	-8.36%	-4.21%	38.04%
NOPAT Q/Q Growth	-4.12%	12.35%	8.30%	37.58%	7.55%	-12.95%	50.84%	21.86%	-2.54%	-6.07%	50.49%
Net Income Q/Q Growth	16.05%	-0.25%	9.12%	39.13%	5.17%	-12.88%	51.31%	21.43%	3.23%	-9.90%	45.61%
EPS Q/Q Growth	16.42%	-0.24%	9.36%	39.03%	5.08%	-12.63%	51.81%	21.38%	3.25%	-9.94%	46.15%
Operating Cash Flow Q/Q Growth	-141.79%	-30.35%	59.16%	29.55%	-15.29%	-19.25%	70.83%	-1.18%	-3.86%	115.59%	37.41%
Free Cash Flow Firm Q/Q Growth	-251.88%	108.03%	216.85%	29.23%	-122.94%	-29.75%	134.40%	382.56%	2,886.77%	99.62%	34.32%
Invested Capital Q/Q Growth	34.10%	-1.40%	-9.71%	0.90%	21.91%	0.01%	-6.83%	-1.27%	1.27%	-4.90%	2.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.03%	23.22%	21.06%	20.09%	19.35%	20.60%	20.14%	17.58%	17.49%	18.91%	18.06%
EBITDA Margin	13.09%	11.66%	12.28%	11.54%	10.31%	9.78%	10.66%	8.43%	7.51%	8.51%	8.75%
Operating Margin	11.42%	12.12%	11.19%	10.20%	8.81%	8.86%	9.81%	7.10%	6.03%	7.17%	7.27%
EBIT Margin	11.21%	9.78%	10.25%	9.40%	8.01%	8.18%	9.17%	6.87%	5.83%	6.69%	6.97%
Profit (Net Income) Margin	9.24%	7.81%	8.07%	7.40%	6.27%	6.75%	7.63%	5.36%	4.87%	4.96%	5.49%
Tax Burden Percent	81.38%	78.41%	77.86%	78.99%	78.27%	81.97%	83.81%	81.54%	86.92%	78.95%	82.64%
Interest Burden Percent	101.29%	101.80%	101.13%	99.74%	99.98%	100.59%	99.26%	95.70%	96.09%	93.91%	95.38%
Effective Tax Rate	18.62%	21.59%	22.14%	21.01%	21.73%	18.03%	16.19%	18.46%	13.08%	21.05%	17.36%
Return on Invested Capital (ROIC)	45.33%	57.07%	48.20%	38.10%	29.83%	32.66%	34.33%	22.42%	19.45%	20.08%	20.84%
ROIC Less NNEP Spread (ROIC-NNEP)	46.53%	66.91%	53.56%	150.61%	16.86%	-4.14%	26.91%	19.78%	17.53%	17.13%	18.59%
Return on Net Nonoperating Assets (RNNOA)	-2.18%	-14.42%	-8.39%	-1.22%	1.04%	-0.07%	2.73%	4.17%	4.15%	5.01%	5.55%
Return on Equity (ROE)	43.15%	42.66%	39.81%	36.88%	30.87%	32.59%	37.07%	26.60%	23.60%	25.09%	26.39%
Cash Return on Invested Capital (CROIC)	24.89%	41.13%	32.65%	22.44%	19.07%	37.19%	38.46%	24.83%	16.58%	17.20%	-4.38%
Operating Return on Assets (OROA)	19.38%	17.15%	17.68%	16.04%	13.23%	14.43%	16.01%	12.08%	10.04%	11.53%	12.01%
Return on Assets (ROA)	15.98%	13.69%	13.92%	12.63%	10.35%	11.90%	13.32%	9.42%	8.38%	8.55%	9.47%
Return on Common Equity (ROCE)	43.15%	42.66%	39.81%	36.88%	30.87%	32.59%	37.07%	26.60%	23.60%	25.09%	26.39%
Return on Equity Simple (ROE_SIMPLE)	33.51%	0.00%	29.49%	28.81%	26.41%	0.00%	23.79%	21.92%	20.54%	0.00%	23.98%
Net Operating Profit after Tax (NOPAT)	170	177	158	146	106	99	113	75	62	63	67
NOPAT Margin	9.29%	9.50%	8.72%	8.06%	6.90%	7.26%	8.22%	5.79%	5.25%	5.66%	6.01%
Net Nonoperating Expense Percent (NNEP)	-1.20%	-9.84%	-5.36%	-112.50%	12.97%	36.79%	7.42%	2.65%	1.92%	2.95%	2.25%
Return On Investment Capital (ROIC_SIMPLE)	9.22%	10.01%	-	-	-	7.46%	-	-	-	5.03%	-
Cost of Revenue to Revenue	77.97%	76.78%	78.94%	79.92%	80.65%	79.40%	79.86%	82.42%	82.51%	81.09%	81.94%
SG&A Expenses to Revenue	10.64%	11.12%	9.94%	9.92%	10.59%	11.79%	10.37%	10.52%	11.50%	11.78%	10.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.61%	11.10%	9.87%	9.88%	10.53%	11.74%	10.33%	10.48%	11.45%	11.74%	10.78%
Earnings before Interest and Taxes (EBIT)	205	183	186	170	123	111	126	89	69	75	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	240	218	223	209	158	133	147	109	88	95	98
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.45	8.85	8.77	7.32	8.25	5.73	5.03	5.26	4.92	4.08	3.63
Price to Tangible Book Value (P/TBV)	26.67	38.21	54.39	85.82	574.41	22.14	20.55	30.93	43.20	35.72	62.75
Price to Revenue (P/Rev)	1.57	2.15	2.14	1.78	2.03	1.41	1.22	1.24	1.17	0.99	0.89
Price to Earnings (P/E)	19.25	28.89	29.75	25.42	31.24	22.64	21.14	23.98	23.95	16.59	15.13
Dividend Yield	0.42%	0.28%	0.28%	0.34%	0.29%	0.41%	0.44%	0.41%	0.42%	0.49%	0.56%
Earnings Yield	5.20%	3.46%	3.36%	3.93%	3.20%	4.42%	4.73%	4.17%	4.18%	6.03%	6.61%
Enterprise Value to Invested Capital (EV/IC)	6.90	11.95	10.95	7.82	8.31	6.41	5.36	4.95	4.40	3.57	2.98
Enterprise Value to Revenue (EV/Rev)	1.55	2.08	2.08	1.77	2.03	1.38	1.20	1.26	1.21	1.03	0.97
Enterprise Value to EBITDA (EV/EBITDA)	12.74	18.09	18.79	16.60	20.67	15.00	13.61	15.19	14.90	12.92	12.21
Enterprise Value to EBIT (EV/EBIT)	15.22	22.08	23.02	20.25	25.17	18.13	16.68	19.11	19.23	17.18	16.56
Enterprise Value to NOPAT (EV/NOPAT)	17.37	24.88	26.70	23.17	28.79	20.54	19.09	22.18	22.55	16.17	16.01
Enterprise Value to Operating Cash Flow (EV/OCF)	18.42	17.21	16.73	14.85	17.16	11.19	9.99	13.31	14.65	14.19	19.09
Enterprise Value to Free Cash Flow (EV/FCFF)	30.31	30.37	35.29	37.23	46.08	16.63	13.08	19.64	26.98	21.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.04	0.04	0.06	0.07	0.03	0.04	0.13	0.20	0.26	0.40
Long-Term Debt to Equity	0.04	0.04	0.04	0.05	0.06	0.03	0.03	0.12	0.19	0.25	0.40
Financial Leverage	-0.05	-0.22	-0.16	-0.01	0.06	0.02	0.10	0.21	0.24	0.29	0.30
Leverage Ratio	2.69	2.69	2.70	2.75	2.78	2.59	2.64	2.67	2.66	2.66	2.61
Compound Leverage Factor	2.72	2.74	2.73	2.74	2.78	2.61	2.62	2.55	2.56	2.50	2.49
Debt to Total Capital	3.68%	3.85%	4.13%	5.79%	6.15%	3.34%	3.77%	11.70%	16.57%	20.40%	28.59%
Short-Term Debt to Total Capital	0.22%	0.34%	0.37%	1.12%	0.88%	0.37%	1.06%	1.06%	0.91%	0.72%	0.19%
Long-Term Debt to Total Capital	3.46%	3.51%	3.76%	4.66%	5.27%	2.98%	2.71%	10.64%	15.66%	19.68%	28.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.32%	96.15%	95.87%	94.21%	93.85%	96.66%	96.23%	88.30%	83.43%	79.60%	71.42%
Debt to EBITDA	0.08	0.08	0.09	0.14	0.16	0.09	0.11	0.38	0.58	0.77	1.24
Net Debt to EBITDA	-0.15	-0.60	-0.48	-0.17	-0.02	-0.34	-0.21	0.22	0.45	0.60	1.00
Long-Term Debt to EBITDA	0.07	0.08	0.09	0.11	0.14	0.08	0.08	0.34	0.55	0.75	1.23
Debt to NOPAT	0.10	0.12	0.13	0.20	0.23	0.13	0.15	0.55	0.88	0.97	1.62
Net Debt to NOPAT	-0.21	-0.82	-0.68	-0.23	-0.03	-0.46	-0.29	0.33	0.68	0.75	1.32
Long-Term Debt to NOPAT	0.10	0.11	0.12	0.16	0.20	0.11	0.11	0.50	0.83	0.93	1.61
Altman Z-Score	4.81	5.17	5.08	4.41	4.63	4.41	4.14	4.13	3.85	3.75	3.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.08	1.04	1.00	0.96	1.11	1.11	1.01	1.04	1.12	1.30
Quick Ratio	0.22	0.28	0.26	0.19	0.15	1.02	1.03	0.14	0.12	1.02	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-108	71	34	-29	-41	181	257	110	23	-0.82	-217
Operating Cash Flow to CapEx	-416.57%	543.14%	1,490.26%	841.23%	612.24%	708.87%	842.24%	541.82%	798.27%	1,026.57%	437.81%
Free Cash Flow to Firm to Interest Expense	-66.89	45.24	19.81	-17.16	-25.38	450.50	136.35	28.00	5.58	-0.18	-60.02
Operating Cash Flow to Interest Expense	-54.32	133.54	174.67	111.09	89.75	431.44	113.60	32.01	31.14	28.77	16.97
Operating Cash Flow Less CapEx to Interest Expense	-67.36	108.96	162.95	97.89	75.09	370.58	100.11	26.10	27.24	25.97	13.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.73	1.75	1.73	1.71	1.65	1.76	1.75	1.76	1.72	1.72	1.72
Accounts Receivable Turnover	78.11	9.45	9.16	74.37	70.44	4.18	6.98	58.07	58.27	7.12	51.93
Inventory Turnover	85.59	88.99	94.82	92.31	83.03	83.62	87.87	105.99	117.42	118.92	110.06
Fixed Asset Turnover	28.09	28.93	29.83	29.64	29.22	29.54	30.55	31.10	31.34	30.39	30.57
Accounts Payable Turnover	10.26	10.33	9.95	9.86	9.87	11.13	10.49	11.19	11.75	11.48	11.28
Days Sales Outstanding (DSO)	4.67	38.63	39.84	4.91	5.18	87.37	52.30	6.29	6.26	51.26	7.03
Days Inventory Outstanding (DIO)	4.26	4.10	3.85	3.95	4.40	4.37	4.15	3.44	3.11	3.07	3.32
Days Payable Outstanding (DPO)	35.57	35.34	36.70	37.02	36.99	32.78	34.81	32.62	31.06	31.80	32.37
Cash Conversion Cycle (CCC)	-26.63	7.39	6.99	-28.15	-27.41	58.96	21.65	-22.89	-21.68	22.53	-22.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,640	1,223	1,241	1,374	1,362	1,117	1,117	1,199	1,214	1,199	1,261
Invested Capital Turnover	4.88	6.01	5.53	4.73	4.32	4.50	4.18	3.87	3.71	3.55	3.47
Increase / (Decrease) in Invested Capital	278	106	124	175	147	-82	-144	-35	39	64	284
Enterprise Value (EV)	11,323	14,612	13,579	10,745	11,315	7,160	5,982	5,930	5,343	4,280	3,761
Market Capitalization	11,460	15,093	13,926	10,853	11,326	7,321	6,072	5,843	5,183	4,081	3,451
Book Value per Share	$49.98	$47.89	$44.50	$41.50	$38.40	$35.78	$33.75	$31.07	$29.48	$27.96	$26.59
Tangible Book Value per Share	$12.09	$11.10	$7.18	$3.54	$0.55	$9.26	$8.26	$5.28	$3.36	$3.19	$1.54
Total Capital	1,845	1,773	1,656	1,573	1,462	1,322	1,254	1,259	1,263	1,256	1,332
Total Debt	68	68	68	91	90	44	47	147	209	256	381
Total Long-Term Debt	64	62	62	73	77	39	34	134	198	247	378
Net Debt	-137	-482	-347	-108	-11	-161	-90	87	161	199	310
Capital Expenditures (CapEx)	21	39	20	23	24	24	25	23	16	13	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14	-336	-302	-193	-179	-10	59	-28	15	89	245
Debt-free Net Working Capital (DFNWC)	190	214	114	6.11	-79	195	197	32	64	146	317
Net Working Capital (NWC)	186	207	108	-12	-91	190	183	19	52	137	314
Net Nonoperating Expense (NNE)	0.88	32	12	12	9.71	7.01	8.13	5.61	4.40	7.79	5.79
Net Nonoperating Obligations (NNO)	-137	-482	-347	-108	-11	-161	-90	87	161	199	310
Total Depreciation and Amortization (D&A)	34	35	37	39	35	22	21	20	20	20	20
Debt-free, Cash-free Net Working Capital to Revenue	-0.20%	-4.79%	-4.63%	-3.18%	-3.22%	-0.20%	1.19%	-0.59%	0.34%	2.14%	6.33%
Debt-free Net Working Capital to Revenue	2.60%	3.04%	1.75%	0.10%	-1.41%	3.74%	3.96%	0.68%	1.44%	3.52%	8.16%
Net Working Capital to Revenue	2.54%	2.95%	1.65%	-0.19%	-1.64%	3.65%	3.69%	0.40%	1.18%	3.31%	8.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.77	$4.09	$4.10	$3.75	$2.70	$2.56	$2.93	$1.94	$1.60	$1.55	$1.72
Adjusted Weighted Average Basic Shares Outstanding	35.52M	35.69M	35.67M	35.75M	35.74M	35.80M	35.82M	35.82M	35.81M	35.93M	35.85M
Adjusted Diluted Earnings per Share	$4.75	$4.08	$4.09	$3.74	$2.69	$2.56	$2.93	$1.93	$1.59	$1.54	$1.71
Adjusted Weighted Average Diluted Shares Outstanding	35.61M	35.78M	35.76M	35.83M	35.83M	35.90M	35.92M	35.91M	35.91M	36.05M	35.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.27M	35.55M	35.59M	35.68M	35.72M	35.68M	35.71M	35.77M	35.77M	35.74M	35.76M
Normalized Net Operating Profit after Tax (NOPAT)	170	177	157	145	105	98	113	75	61	63	67
Normalized NOPAT Margin	9.27%	9.49%	8.66%	8.03%	6.86%	7.22%	8.18%	5.75%	5.21%	5.63%	5.98%
Pre Tax Income Margin	11.36%	9.96%	10.36%	9.37%	8.01%	8.23%	9.10%	6.57%	5.60%	6.28%	6.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	126.85	115.96	107.35	99.53	75.37	277.01	67.01	22.72	16.81	16.29	21.62
NOPAT to Interest Expense	105.11	112.62	91.31	85.35	64.93	245.86	60.05	19.16	15.12	13.78	18.65
EBIT Less CapEx to Interest Expense	113.81	91.37	95.63	86.33	60.72	216.14	53.52	16.82	12.91	13.49	17.75
NOPAT Less CapEx to Interest Expense	92.07	88.03	79.59	72.15	50.27	184.99	46.56	13.26	11.22	10.98	14.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.06%	8.19%	8.38%	8.57%	9.12%	9.39%	9.34%	9.76%	10.01%	8.16%	8.51%
Augmented Payout Ratio	33.09%	19.27%	20.06%	14.55%	14.06%	15.94%	12.94%	14.74%	22.80%	23.70%	25.14%

Frequently Asked Questions About Comfort Systems USA's Financials

When does Comfort Systems USA's financial year end?

According to the most recent income statement we have on file, Comfort Systems USA's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Comfort Systems USA's net income changed over the last 9 years?

Comfort Systems USA's net income appears to be on an upward trend, with a most recent value of $522.43 million in 2024, rising from $57.44 million in 2015. The previous period was $323.40 million in 2023. Check out Comfort Systems USA's forecast to explore projected trends and price targets.

What is Comfort Systems USA's operating income?

Comfort Systems USA's total operating income in 2024 was $749.37 million, based on the following breakdown:

Total Gross Profit: $1.48 billion
Total Operating Expenses: $727.04 million

How has Comfort Systems USA revenue changed over the last 9 years?

Over the last 9 years, Comfort Systems USA's total revenue changed from $1.58 billion in 2015 to $7.03 billion in 2024, a change of 344.6%.

How much debt does Comfort Systems USA have?

Comfort Systems USA's total liabilities were at $3.01 billion at the end of 2024, a 48.3% increase from 2023, and a 820.5% increase since 2015.

How much cash does Comfort Systems USA have?

In the past 9 years, Comfort Systems USA's cash and equivalents has ranged from $32.07 million in 2016 to $549.94 million in 2024, and is currently $549.94 million as of their latest financial filing in 2024.

How has Comfort Systems USA's book value per share changed over the last 9 years?

Over the last 9 years, Comfort Systems USA's book value per share changed from 9.26 in 2015 to 47.89 in 2024, a change of 417.3%.

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This page (NYSE:FIX) was last updated on 6/1/2025 by MarketBeat.com Staff

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Comfort Systems USA (FIX) Financials

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