Comfort Systems USA, Inc.

Comfort Systems USA, Inc.

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Market Cap$69.26B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Comfort Systems USA, Inc.Comfort Systems USA, Inc.56.70.13%43%7.20.1

Earnings Call Q1 2026

April 24, 2026 - AI Summary

Record financial performance; strong profitability + EPS upside - Q1 2026 revenue: $2.9B, +56% YoY (same-store revenue +51% / +$943M). - Gross margin: 26.3%, up from 22.0% in Q1 2025 (quarterly gross profit $754M, +$351M YoY). - Operating income: $486M (+132% YoY); operating income margin 17.0% vs 11.4% prior year. - Net income: $370M ($10.51/share), more than double Q1 2025 ($4.75/share). - Notable “one-off” tailwind explained: $43M favorable late-stage project change order/closeout benefits—management says not repeatable, and suggests gross margin would be about 25.2% without it.
Guidance: mid-to-high 20% organic growth outlook for 2026 (profit/risk-focused) - Management’s view: full-year 2026 same-store revenue growth likely mid- to high 20% range vs 2025. - Commentary implies growth moderation later in 2026 (harder comps in 2H), but they’re still confident. - Key philosophy: “Revenue is never our goal. Our goal is profit.” Guidance is based on field projections and committed work they believe is achievable and risk-compensated.
Backlog strength + pipeline discipline (demand vs supply) - Backlog: record $12.5B at end of Q1. - Year-over-year backlog growth: + $5.3B; sequential same-store backlog increase: >$500M. - Book-to-bill: mentioned as ~1.2 in the quarter; management emphasizes pipelines remain “very full” and they’re staying disciplined to avoid overcommitting. - Important framing: they argue the market constraint is supply/ability to build (labor/capacity), not weak demand—demand still exceeds internal conversion capacity.

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$1944.00

Target Price by Analysts

6% downsideComfort Systems USA Target Price DetailsTarget Price
$1510.93

Current Fair Value

26.9% downside

Overvalued by 26.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$69.26 Billion
Enterprise Value$68.55 Billion
Dividend Yield$2.60 (0.13%)
Earnings per Share$28.93
Beta1.67
Outstanding Shares35,207,000

Return

Return on Equity43.47%ROE
Return on Assets17.64%
Return on Invested Capital46.04%

Valuation & Multiples

P/E Ratio56.7P/E Ratio
PEG47.73PEG
Price to Sales7.21Price to Sales
Price to Book Ratio26.18Price to Book Ratio
Enterprise Value to Revenue6.76
Enterprise Value to EBIT45.01
Enterprise Value to Net Income56
Total Debt to Enterprise0
Debt to Equity0.12Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$6.81
Average shareholder expectation
Revenue Estimate
$2.39 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 23, 2026
EPS Estimate
$10.38
Average shareholder expectation
Revenue Estimate
$2.97 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.4367▼ 7.83%
Total Calls424,600▲ 90.83%
Total Puts610,040▲ 80.97%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %92.14%▼ 2.24%
Total Invested$44.59B▲ 43.31%
Investors Holding1,227▲ 157.00%

ESG Score

No data

About Comfort Systems USA, Inc.

CEO: Brian Lane

Relevant Senate Committees

Finance

Controlling taxation and trade policy, this committee directly impacts corporate profitability through tax rates and indirectly affects material costs through trade tariffs, significantly influencing Comfort Systems USA's financial performance.

Appropriations

This committee directly allocates discretionary federal spending, determining the precise funding for various federal projects (defense, infrastructure, etc.) that Comfort Systems USA bids on, directly impacting its order books.

Health, Education, Labor, and Pensions

Regulations concerning labor laws (e.g., wages, unions, safety) directly impact operational costs for construction companies. Funding and oversight for health and education facilities also create project opportunities.

Armed Services

Overseeing the Department of Defense and authorizing the NDAA, this committee directly determines funding for military facilities and infrastructure, creating significant revenue streams for contractors like Comfort Systems USA.

Banking, Housing, and Urban Affairs

This committee regulates real estate markets and housing and urban development (HUD), directly influencing the demand for new construction and renovation projects where Comfort Systems USA operates.

Veterans' Affairs

Funding decisions for Department of Veterans Affairs facilities directly impact government healthcare contractors, creating significant opportunities for electrical contractors like Comfort Systems USA.

Environment and Public Works

This committee drives infrastructure spending and regulates environmental aspects relevant to construction, directly benefiting construction and materials firms like Comfort Systems USA.

Homeland Security and Governmental Affairs

This committee regulates government procurement and federal contracting, directly impacting electrical contractors like Comfort Systems USA that bid on federal projects.