Comfort Systems USA
ConvictionStrong
Project-based specialty trade contractor: installs and services HVAC, plumbing, piping, controls, and electrical systems for commercial/industrial/technology buildings, increasingly via modular/prefab. Revenue recognized over time on construction contracts (~75% fixed-price); growing higher-margin service/maintenance and modular tail. Grows organically + via tuck-in acquisitions of regional MEP firms.
Revenuefact
$9.10B FY2025$10.14B TTM through Q1 FY26Rev growthfact
+56.5% YoYin Q1 FY26; +29.5% FY2025Gross marginfact
26.3% Q1 FY26 record~25.2% ex-$43M favorable change orders); 24.1% FY2025Op marginfact
17.0% Q1 FY2614.4% FY2025Capex intensityfact/guidance
~1.7% FY2025$154.9M capex / $9.10B rev); guided to ~5% of revenue in FY26 for modular buildoutMarket cap
~$70Best, ~$1,983/share × ~35.2M shares, 24 Jun 2026Price · 1-year trend
real · weekly$2018+277% 1yUSD
52-week range
$535 – $2018
52w lowas of 2026-06-25 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityStrong
AI datacenter power & cooling
Full context
position · longStrong
AI datacenter power & cooling
Full context
book · long
AI datacenter power & cooling
Full context
The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Comfort Systems USA
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence