Comfort Systems USA (FIX) stock
Industrials · Construction & Engineering
Comfort Systems USA (FIX) is a Construction & Engineering company in the Industrials sector, headquartered in Houston, Texas. As of October 23, 2026, FIX closed at $1,160.86, a market capitalization of $40.86 billion, the 268th largest company in the S&P 500. Over the last twelve months it generated $12.54 billion in revenue (+54% year over year) and $2.16 billion in free cash flow. The stock trades at 25.1x trailing earnings and 19.3x forward earnings.
- 1-year total return: +41.0% (dividends reinvested)
- 5-year return: +69.7% a year
- 52-week range: $841.66 – $2,073.99
- Gross margin 25.7%, operating margin 16.5%
- Dividend yield: 0.34%, 13 straight years of increases
- FI Handbook report card: B across 10 metrics
- 47th largest of 83 Industrials stocks in the S&P 500
FIX price chart
1Y price change: +40.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| FIX | -28.6% | +24.6% | +41.0% | +97.1% | +69.7% | +46.4% | +16.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1997.
FIX key statistics
- Market cap
- $40.9B
- #268 in S&P 500
- P/E (TTM)
- 25.1x
- Forward P/E
- 19.3x
- EPS (TTM)
- $46.30
- Revenue (TTM)
- $12.5B
- +54%
- Free cash flow
- $2.2B
- Gross margin
- 25.7%
- Operating margin
- 16.5%
- Return on equity
- 58.6%
- Dividend yield
- 0.34%
- 52-week range
- $841.66 – $2,074
- Beta
- 1.66
- Price / sales
- 3.3x
- EV / EBITDA
- 17.0x
- Debt / equity
- 0.11x
- Employees
- 22,700
FIX report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth53.7%A
- Gross margin25.7%C
- Operating margin16.5%C
- FCF margin17.2%B
- Return on equity58.6%A
- Net debt / EBITDA-0.8xA
- Forward P/E19.3xB
- PEG ratio0.5xA
- Shareholder yield0.9%D
- Share count change / yr-0.7%B
Comfort Systems USA financials
Revenue went from $1.6B in fiscal 2016 to $9.1B in fiscal 2025, growing 21.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $2.2B | $2.6B | $2.9B | $3.1B | $4.1B | $5.2B | $7.0B | $9.1B |
| Gross profit | $344.0M | $366.3M | $446.3M | $501.9M | $547.0M | $563.2M | $741.6M | $990.5M | $1.5B | $2.2B |
| Operating income | $101.6M | $99.3M | $150.2M | $163.6M | $190.7M | $188.4M | $253.8M | $418.4M | $749.4M | $1.3B |
| Net income | $64.9M | $55.3M | $112.9M | $114.3M | $150.1M | $143.3M | $245.9M | $323.4M | $522.4M | $1.0B |
| EPS (diluted) | $1.72 | $1.47 | $3.00 | $3.08 | $4.09 | $3.93 | $6.82 | $9.01 | $14.60 | $28.88 |
| Free cash flow | $68.0M | $78.6M | $119.9M | $110.3M | $262.4M | $157.8M | $253.2M | $544.7M | $738.0M | $1.0B |
| Buybacks | $13.1M | $9.0M | $28.5M | $19.6M | $30.1M | $27.1M | $38.2M | $21.2M | $57.9M | $216.0M |
| Dividends paid | $10.3M | $11.0M | $12.3M | $14.5M | $15.5M | $17.4M | $20.1M | $30.4M | $42.8M | $68.8M |
| Diluted shares | 37.8M | 37.7M | 37.6M | 37.1M | 36.7M | 36.5M | 36.0M | 35.9M | 35.8M | 35.4M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into FIX?
A reverse DCF asks what growth the current price requires. With an enterprise value of $39.0B and $2.2B of trailing free cash flow, Comfort Systems USA needs to grow free cash flow about 8.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 31.5% a year over the last five years.
P/E ratio history
Current 40.2x vs. median 25.5x (10th–90th percentile 14.9x–48.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
FIX dividend
- Dividend yield
- 0.34%
- Annual dividend
- $4.00
- Years of increases
- 13
- 5-yr dividend growth
- 35.6%
- per year
- Payout ratio
- 6%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
FIX earnings
Next report: February 18, 2027. Comfort Systems USA has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $12.85 | $13.91 | +8.2% |
| Jul 23, 2026 | $10.46 | $12.53 | +19.9% |
| Apr 23, 2026 | $6.81 | $10.51 | +54.4% |
| Feb 19, 2026 | $6.75 | $9.37 | +38.7% |
| Oct 23, 2025 | $6.29 | $8.25 | +31.3% |
| Jul 24, 2025 | $4.84 | $6.53 | +35.0% |
| Apr 24, 2025 | $3.71 | $4.75 | +28.1% |
| Feb 20, 2025 | $3.67 | $4.08 | +11.1% |
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FIX news
- Comfort Systems USA (FIX) Stock Price Slides After Q3 Earnings Strength · Oct 24, 2026
- Why Comfort Systems (FIX) shares are plunging today · Oct 24, 2026
- Comfort Systems: 3 Key Takeaways for Long-Term Investors · Oct 23, 2026
- Comfort Systems (FIX) Q3 2026 Earnings Call Transcript · Oct 23, 2026
- What Comfort Systems USA (FIX) Said on Its Q3 Earnings Call · Oct 23, 2026
FIX stock FAQ
What is FIX's market cap?
Comfort Systems USA's market capitalization is $40.86 billion as of October 23, 2026, ranking 268th in the S&P 500.
What is FIX's P/E ratio?
FIX trades at a trailing price-to-earnings ratio of 25.1x and a forward P/E of 19.3x. Its median P/E over the period we track is 25.5x.
Does FIX pay a dividend?
Yes. Comfort Systems USA pays $4.00 per share a year, a 0.34% yield. It has raised its dividend 13 years in a row. Dividends grew 35.6% a year over the last five years.
How much has FIX stock returned?
Including reinvested dividends, FIX returned +41.0% over one year, +69.7% a year over five years, +46.4% a year over ten years through October 23, 2026.
Is FIX stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Comfort Systems USA must grow free cash flow about 8% a year for the next decade. Its free cash flow grew 31% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does FIX report earnings?
Comfort Systems USA is expected to report earnings on February 18, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Comfort Systems USA have?
Comfort Systems USA has about 22,700 full-time employees, or $552,571 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology