Comfort Systems USA, Inc. (FIX) Income Statement
FIX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFIX revenue and net income
Where FIX's revenue goes
2025Each bar shows an amount and its share of revenue. FIX kept 11.2% of revenue as net income.
FIX profit margins
FIX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +29.5% | +30.0% | +26.1% | +19.1% |
| Gross profit | +48.7% | +43.6% | +32.0% | +21.3% |
| Operating income | +75.2% | +72.9% | +47.1% | +30.7% |
| Net income | +95.7% | +60.8% | +46.8% | +35.4% |
| EPS (diluted) | +97.9% | +75.7% | +49.1% | +36.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FIX quarterly EPS vs estimates
Comfort Systems beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $12.42).
FIX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.10B | $7.03B | $5.21B | $4.14B | $3.07B | $2.86B | $2.62B | $2.18B | $1.79B | $1.63B |
| Cost of revenue | $6.91B | $5.55B | $4.22B | $3.40B | $2.51B | $2.31B | $2.11B | $1.74B | $1.42B | $1.29B |
| Gross profit | $2.20B | $1.48B | $990.5M | $741.6M | $563.2M | $547.0M | $501.9M | $446.3M | $366.3M | $344.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $822.4M | $730.1M | $546.0M | $489.3M | $376.3M | $357.8M | $340.0M | $297.0M | $266.6M | $243.2M |
| Total operating expenses | $883.3M | $727.0M | $572.1M | $487.8M | $374.8M | $356.3M | $338.3M | $296.0M | $267.0M | $242.4M |
| Operating income | $1.31B | $749.4M | $418.4M | $253.8M | $188.4M | $190.7M | $163.6M | $150.2M | $99.3M | $101.6M |
| Interest income | $19.9M | $11.6M | $2.8M | $378,000 | $24,000 | $103,000 | $224,000 | $73,000 | $70,000 | $9,000 |
| Interest expense | $9.0M | $6.6M | $10.3M | $13.7M | $5.7M | $8.0M | $9.3M | $3.7M | $3.2M | $2.3M |
| Income before taxes | $1.29B | $666.6M | $388.2M | $235.9M | $190.3M | $191.5M | $151.7M | $148.7M | $100.9M | $101.1M |
| Income taxes | $270.9M | $144.1M | $64.8M | −$10.1M | $46.9M | $41.4M | $37.4M | $35.8M | $45.7M | $36.2M |
| Net income | $1.02B | $522.4M | $323.4M | $245.9M | $143.3M | $150.1M | $114.3M | $112.9M | $55.3M | $64.9M |
| EBITDA | $1.44B | $817.1M | $478.6M | $329.3M | $264.2M | $259.2M | $211.7M | $194.2M | $140.6M | $128.5M |
| EPS (diluted) | $28.90 | $14.60 | $8.79 | $5.33 | $3.94 | $3.92 | $3.00 | $2.92 | $1.72 | $1.71 |
| Gross margin | 24.1% | 21.0% | 19.0% | 17.9% | 18.3% | 19.1% | 19.2% | 20.4% | 20.5% | 21.0% |
| Operating margin | 14.4% | 10.7% | 8.0% | 6.1% | 6.1% | 6.7% | 6.3% | 6.9% | 5.6% | 6.2% |
| Net margin | 11.2% | 7.4% | 6.2% | 5.9% | 4.7% | 5.3% | 4.4% | 5.2% | 3.1% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $2.87B | $2.65B | $2.45B | $2.17B | $1.83B | $1.87B | $1.81B | $1.81B | $1.54B | $1.36B | $1.38B |
| Cost of revenue | $2.42B | $2.11B | $1.97B | $1.84B | $1.66B | $1.43B | $1.43B | $1.43B | $1.45B | $1.24B | $1.08B | $1.10B |
| Gross profit | $845.0M | $754.4M | $674.7M | $607.9M | $509.9M | $403.4M | $433.7M | $381.7M | $363.6M | $297.4M | $279.7M | $277.5M |
| Sales, general & admin | $287.0M | $269.0M | $231.9M | $229.6M | $210.5M | $194.9M | $207.6M | $180.2M | $179.5M | $162.7M | $160.0M | $133.4M |
| Total operating expenses | $287.0M | $269.0M | $249.4M | $229.6M | $210.0M | $194.3M | $207.4M | $178.8M | $178.9M | $161.9M | $159.4M | $142.4M |
| Operating income | $558.0M | $485.4M | $426.4M | $378.9M | $299.9M | $209.1M | $226.4M | $202.9M | $184.7M | $135.5M | $120.3M | $135.1M |
| Interest income | $11.1M | $8.5M | $8.2M | $6.4M | $2.8M | $4.3M | $4.9M | $3.8M | $1.3M | $1.6M | $1.1M | $9.7M |
| Interest expense | $1.4M | $2.2M | $2.8M | $3.0M | $1.6M | $1.6M | $1.6M | $1.7M | $1.7M | $1.6M | $401,300 | $1.9M |
| Income before taxes | $566.2M | $482.1M | $418.5M | $370.5M | $296.5M | $208.0M | $186.0M | $187.8M | $169.7M | $123.1M | $111.7M | $125.4M |
| Income taxes | $124.6M | $111.8M | $87.7M | $78.8M | $65.6M | $38.7M | $40.2M | $41.6M | $35.6M | $26.7M | $20.1M | $20.3M |
| Net income | $441.6M | $370.4M | $330.8M | $291.6M | $230.8M | $169.3M | $145.9M | $146.2M | $134.0M | $96.3M | $91.6M | $105.1M |
| EBITDA | $601.3M | $523.3M | $458.9M | $409.0M | $332.7M | $243.8M | $220.9M | $226.3M | $210.0M | $159.9M | $132.3M | $147.7M |
| EPS (diluted) | $12.53 | $10.51 | $9.37 | $8.25 | $6.53 | $4.75 | $4.08 | $4.09 | $3.74 | $2.69 | $2.55 | $2.74 |
| Gross margin | 25.9% | 26.3% | 25.5% | 24.8% | 23.5% | 22.0% | 23.2% | 21.1% | 20.1% | 19.3% | 20.6% | 20.1% |
| Operating margin | 17.1% | 16.9% | 16.1% | 15.5% | 13.8% | 11.4% | 12.1% | 11.2% | 10.2% | 8.8% | 8.9% | 9.8% |
| Net margin | 13.5% | 12.9% | 12.5% | 11.9% | 10.6% | 9.2% | 7.8% | 8.1% | 7.4% | 6.3% | 6.7% | 7.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FIX's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FIX financial results
In fiscal year 2025 (ended December 31, 2025), Comfort Systems reported revenue of $9.1 billion, up 29.5% from the year before. It had net income of $1.0 billion (up 95.7%), a net profit margin of 11.2%. Diluted earnings per share came to $28.90. Over five years revenue grew at an average rate of 26.1% a year.
See the FIX stock overview for the latest quote and news, or the FIX chart for price history and technical indicators.
FIX income statement FAQ
What is Comfort Systems's annual revenue?
Comfort Systems reported total revenue of $9.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 29.5% from $7.0 billion the previous year.
Is Comfort Systems profitable?
Yes. Comfort Systems reported net income of $1.0 billion in fiscal 2025, a net profit margin of 11.2%; its operating margin was 14.4%.
What is Comfort Systems's gross margin?
Comfort Systems's gross margin was 24.1% in fiscal 2025: for every $100 of revenue, Comfort Systems kept $24 after the direct cost of its products and services.
How fast is Comfort Systems growing?
Revenue grew 26.1% a year on average over the last five fiscal years, from $2.9 billion to $9.1 billion.
What are Comfort Systems's earnings per share?
Comfort Systems earned $28.90 per diluted share in fiscal 2025, compared with $14.60 a year earlier.
When will Comfort Systems report its next earnings?
Comfort Systems is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Comfort Systems's fiscal year end?
Comfort Systems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.