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Comfort Systems USA

FIX · Industrials

Last earnings Oct 22, 2026

Important announcements

BILL GEORGE TO RETIRE AFTER 30 YEARS OF SERVICEOct 22, 2026

Key results

Net incomequarter

$291.6 million

For the quarter ended September 30, 2025, net income was $291.6 million, or $8.25 per diluted share, as compared to $146.2 million, or $4.09 per diluted share, for the quarter ended September 30, 2024.

SEC original ↗Comfort Systems USA — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Revenuequarter

$2.45 billion

Revenue for the third quarter of 2025 was $2.45 billion compared to $1.81 billion in 2024.

SEC original ↗Comfort Systems USA — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The Company reported net income of $691.8 million, or $19.52 per diluted share, for the nine months ended September 30, 2025, compared to $376.6 million, or $10.52 per diluted share, in 2024.

SEC original ↗Comfort Systems USA — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Revenueytd

$6.46 billion

The Company also reported revenue of $6.46 billion for the nine months ended September 30, 2025, as compared to $5.16 billion in 2024.

SEC original ↗Comfort Systems USA — Earnings release (8-K exhibit)EX-99Oct 23, 2025

AI analysis

Q3 2025 · reported Oct 23, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2025
$2.45B
+35.4% +$640M vs year ago computed from stated figures
EX-99 · Oct 23, 2025
Diluted EPS · Q3 2025
$8.25
EX-99 · Oct 23, 2025
Net income · Q3 2025
$291.6M
EX-99 · Oct 23, 2025

The quarter in charts

Revenue — quarterly

As stated

0123$1.81BSame quarter last year$2.45BQ3 2025

EX-99 · Oct 23, 2025 Statement values as stated in the release.

Headline figures

MetricQ3 2025Prior qtrYear ago
Net income$291.6 million——
Revenue$2.45 billion—$1.81 billion

EX-99 · Oct 23, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Treasury bills, accounts receivable, other receivables, and accounts payable, for which we deem the carrying values approximate their fair values due to the short-term nature of these instruments, as well as notes to former owners and a revolving credit facility.

We believe the carrying value of our debt associated with our revolving credit facility approximates its fair value due to the variable rate on such debt.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Brian Lane, Comfort Systems USA s President and Chief Executive Officer, said, Our teams across the country continue to set a new standard, delivering excellent results for our customers, and again achieving record financial results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Treasury bills, accounts receivable, other receivables, and accounts payable, for which we deem the carrying values approximate their fair values due to the short-term nature of these instruments, as well as notes to former owners and a revolving credit facility.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

We believe the carrying value of our debt associated with our revolving credit facility approximates its fair value due to the variable rate on such debt.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

Treasury bills with maturities greater than 90 days but less than one year, which we classify as held-to-maturity in accordance with ASC 320 Investments Debt Securities, given that the Company has the ability and intent to hold the investments until maturity.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

The Facility also provides for an accordion or increase option not to exceed the greater of (a) $ 500.0 million and (b) 1.0x Credit Facility Adjusted EBITDA (as defined in the Facility), in the form of additional revolving commitments or incremental term loans.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

As of September 30, 2026, we had no outstanding borrowings on the revolving credit facility, $ 86.0 million in letters of credit outstanding, and $ 1.01 billion of credit available.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

There are two interest rate options for borrowings under the Facility, the Base Rate Loan (as defined in the Facility) option and the Secured Overnight Financing Rate ( SOFR ) Loan option.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

Risks & headwinds

The Company s forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company s control) and assumptions that could cause actual future results to differ materially from the Company s historical experience and its present expectations or projections.

SEC original ↗Comfort Systems USA — Earnings release (8-K exhibit)EX-99Oct 23, 2025

We include estimated amounts of variable consideration in the contract price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

We reassess the amount of variable consideration each accounting period until the uncertainty associated with the variable consideration is resolved.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

We disaggregate our revenue from contracts with customers by service provided, customer type, and activity type, as we believe it best depicts how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

Commitments and Contingencies Claims and Lawsuits We are subject to certain legal and regulatory claims, including lawsuits arising in the normal course of business.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

We have estimated and provided accruals for probable losses and related legal fees associated with certain litigation in the consolidated financial statements.

SEC original ↗Comfort Systems USA — 10-Q Quarterly report10-QOct 22, 2026

Documents

Earnings deck slides

0 decks with slide view

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Comfort Systems USA — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials

Filings

72 documents

Earnings releases

33 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for Comfort Systems USA are held in this edition of the library.

Mentioned by

7 companies

Other tracked companies whose held documents mention Comfort Systems USA by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.