Comfort Systems USA, Inc.

Comfort Systems USA, Inc.

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Market Cap$59.64B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Comfort Systems USA, Inc.Comfort Systems USA, Inc.41.60.15%45%5.51.1

Earnings Call Q2 2026

July 24, 2026 - AI Summary

Blowout results & operating leverage (what’s good) - Q2 2026 revenue: $3.3B, up +$1.1B YoY. - Same-store revenue growth: +44% (core demand/retention strength). - EPS: $12.53, +92% YoY (vs. $6.53 prior year). - Margins improved materially: Gross margin ~25.9% (vs. 23.5% YoY). Mechanical margin jumped to 25.6% (vs. 22.9%); Electrical margin to 26.4% (vs. 25.3%). - Operating income: $558M, +86% YoY; operating margin 17.1% vs 13.8%. - Cash flow: ~$999M free cash flow in the quarter; EBITDA $600M (+80% YoY).
Backlog & bookings strength—new highs (what’s good / surprising) - Backlog: $14.1B, record high, up +73% YoY (same-store increase +$5.6B). - Bookings trending up and momentum is strongest in Technology (including both Construction and Modular). - Timing/outlook for next quarters: Entered Q3 with same-store backlog +69% vs. last year; company expects increased sequential and YoY backlog into 2H 2026. - Modular bookings noted: $510M modular bookings in Q2, adding ~+$500M net modular backlog on top of burn (signals continued demand outpacing capacity).
Full-year forecast & “exit rate” caution (expectations / what investors should watch) - 2026 same-store revenue guidance: mid- to high 30% range (implies still very strong 2H). - CFO/management emphasized growth will remain strong but Q4 comparables are very heavy, so the “exit rate” will be different than what was seen earlier in the year. - CapEx expectation: ~5% of revenue for 2026 (supports capacity expansion; see modular build-out below). - Tax: full-year effective tax rate expected around ~23% (benefited by discrete item in Q2).

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$2054.50

Target Price by Analysts

18.2% upsideComfort Systems USA Target Price DetailsTarget Price
$1499.91

Current Fair Value

13.7% downside

Overvalued by 13.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$59.64 Billion
Enterprise Value$61.34 Billion
Dividend Yield$2.60 (0.15%)
Earnings per Share$28.93
Beta1.66
Outstanding Shares35,221,000

Return

Return on Equity44.58%ROE
Return on Assets16.90%
Return on Invested Capital47.89%

Valuation & Multiples

P/E Ratio41.64P/E Ratio
PEG45.6PEG
Price to Sales5.47Price to Sales
Price to Book Ratio19.11Price to Book Ratio
Enterprise Value to Revenue5.46
Enterprise Value to EBIT34.44
Enterprise Value to Net Income42
Total Debt to Enterprise0.06
Debt to Equity1.11Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$10.45
Average shareholder expectation
Revenue Estimate
$2.99 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$12.79
Average shareholder expectation
Revenue Estimate
$3.39 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5849 85.18%
Total Calls5,300 98.75%
Total Puts3,100 99.49%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %25.44% 66.77%
Total Invested$17.34B 61.14%
Investors Holding742 489.00%

ESG Score

No data

About Comfort Systems USA, Inc.

CEO: Brian Lane