FIX
Comfort Systems USA, Inc.
FIX's fundamentals are strong: revenue grew 51% and it turned 19% of its revenue into free cash flow. At 24x earnings, it's trading right at its usual valuation. Analysts expect that strong growth to continue.
FIX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
FIX's revenue, profitability, cash flow and balance sheet are all currently strong.
FIX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $746 | -34% |
| Forward | 18x | $1,128 | — |
| Fair | 24x | $1,096 | -2.9% |
| Current | 24x | $1,128 | — |
| Expensive | 37x | $1,695 | +50% |
Historical ranges are pointers, not guarantees.
FIX's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
FIX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FIX, with profitability improving.
FIX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $62.60 | +35% |
| Q3 2026 | $46.30 | +96% |
| Q2 2026 | $40.64 | +109% |
| Q1 2026 | $34.64 | +108% |
| Q4 2025 | $28.88 | +98% |
| Q3 2025 | $23.61 | +81% |
| Q2 2025 | $19.45 | +63% |
| Q1 2025 | $16.66 | +65% |
| Q4 2024 | $14.60 | +62% |
FIX's earnings per share have climbed steadily: $46.30 over the past year, up 96% from the year before, and higher year over year for 19 quarters in a row.
FIX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +54% |
| Q2 2026 | $3.3B | +50% |
| Q1 2026 | $2.9B | +56% |
| Q4 2025 | $2.6B | +42% |
| Q3 2025 | $2.5B | +35% |
| Q2 2025 | $2.2B | +20% |
| Q1 2025 | $1.8B | +19% |
| Q4 2024 | $1.9B | +38% |
FIX's revenue has grown year over year for 21 quarters in a row: $3.8B last quarter, up 54% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +1.1 points |
| Q2 2026 | 17% | +3.3 points |
| Q1 2026 | 17% | +5.5 points |
| Q4 2025 | 16% | +4 points |
| Q3 2025 | 15% | +4.3 points |
| Q2 2025 | 14% | +3.6 points |
| Q1 2025 | 11% | +2.6 points |
| Q4 2024 | 12% | +3.3 points |
FIX's operating margin was 17% last quarter, up 1.1 points from the same quarter a year ago.
FIX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $799.5M | +54% |
| Q2 2026 | $998.1M | +351% |
| Q1 2026 | $241.4M | +$351.5M |
| Q4 2025 | $402.5M | +137% |
| Q3 2025 | $517.9M | +85% |
| Q2 2025 | $221.2M | +33% |
| Q1 2025 | -$110.2M | -191% |
| Q4 2024 | $169.8M | +15% |
FIX generated $2.4B in free cash flow over the past year, about three times what it generated the year before.
FIX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -102K shares |
| 1 year | -0.6% | -213K shares |
| 3 years | -2.1% | -765K shares |
| 5 years | -3.5% | -1.3M shares |
| Available history | -5.3% | -2M shares |
FIX has 35M diluted shares, down 0.6% from a year ago, with $438M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $337.9M |
| Q2 2026 | $5.7M |
| Q1 2026 | $2.5M |
| Q4 2025 | $91.6M |
| Q3 2025 | $13.1M |
| Q2 2025 | $19.9M |
| Q1 2025 | $91.4M |
| Q4 2024 | $15.9M |
FIX spent $438M buying back its own shares over the past year, about three times what it spent the year before.
FIX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
FIX has more cash than debt.
FIX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.8 | Neutral |
| Stochastic | 14.3 | Oversold |
FIX's weekly RSI is 36 (neutral) and its Stochastic is 14 (oversold).
FIX PE vs Industrials Sector
| Metric | FIX | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.4% above |
| PE % | 53 | 58 | 5 pts below |
FIX is trading at 24x earnings, in line with the Industrials sector's median of 24x.
FIX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,385.1 | 19% below |
| 20 week MA | $1,565.6 | 28% below |
| 50 week MA | $1,496.2 | 25% below |
| 100 week MA | $1,036.8 | 8.8% above |
| 200 week MA | $642.3 | 76% above |
FIX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 76% above its 200-week average.
FIX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.1 | $53.6 | +6.8% |
| 2021 | $53.6 | $98.8 | +85% |
| 2022 | $98.8 | $118.2 | +20% |
| 2023 | $118.2 | $205.7 | +74% |
| 2024 | $205.7 | $432.0 | +110% |
| 2025 | $432.0 | $963.8 | +123% |
| 2026 YTD | $963.8 | $1,128.1 | +17% |
FIX has finished every year since 2020 higher, and it's up 17% so far in 2026.