Comfort Systems USA Inc
NYSE: FIX · INDUSTRIALS · ENGINEERING & CONSTRUCTION
Updated 2026-06-05
Comfort Systems USA Inc (FIX) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $460.87M | $547.07M | $598.49M | $574.95M | $640.02M | $591.07M | $580.75M | $601.82M | $655.94M | $691.59M | $708.90M | $881.12M | $1.06B | $1.51B | $1.76B | $2.21B | $2.60B | $3.31B | $4.71B | $6.44B |
| Cash & equivalents | $90.29M | $139.63M | $117.02M | $127.85M | $86.35M | $51.24M | $40.76M | $52.05M | $32.06M | $56.46M | $32.07M | $36.54M | $45.62M | $50.79M | $54.90M | $58.78M | $57.21M | $205.15M | $549.94M | $981.90M |
| Current assets | $376.38M | $450.62M | $444.93M | $413.15M | $402.95M | $387.28M | $372.55M | $397.00M | $393.77M | $424.27M | $415.96M | $489.36M | $609.70M | $790.18M | $811.85M | $1.03B | $1.31B | $1.91B | $2.79B | $4.11B |
| Total liabilities | $218.16M | $284.49M | $312.02M | $268.96M | $327.24M | $307.96M | $293.45M | $287.80M | $334.55M | $326.59M | $332.27M | $463.18M | $564.52M | $919.71M | $1.06B | $1.40B | $1.60B | $2.03B | $3.01B | $3.99B |
| Current liabilities | $218.16M | $281.69M | $298.38M | $249.03M | $268.21M | $277.97M | $268.59M | $269.44M | $282.64M | $305.39M | $317.68M | $373.73M | $467.06M | $608.00M | $692.90M | $836.55M | $1.17B | $1.72B | $2.58B | $3.39B |
| Long-term debt | — | $1.13M | $9.36M | $6.44M | $28.67M | $14.75M | $2.10M | $0.00 | $39.50M | $10.50M | $1.96M | $59.93M | $73.64M | $205.32M | $235.73M | $385.24M | $247.25M | $39.34M | $62.29M | $139.06M |
| Shareholder equity | $242.71M | $262.58M | $286.47M | $305.98M | $312.78M | $264.59M | $270.40M | $295.83M | $306.28M | $346.72M | $376.63M | $417.94M | $498.05M | $585.30M | $696.43M | $805.67M | $999.92M | $1.28B | $1.70B | $2.45B |
| Retained earnings | $-97.28M | $-64.86M | $-15.17M | $13.46M | $20.62M | $-19.99M | $-6.53M | $14.77M | $29.38M | $69.39M | $123.98M | $168.27M | $268.90M | $368.69M | $502.81M | $628.77M | $854.64M | $1.15B | $1.63B | $2.58B |
| Accounts receivable | $264.36M | $287.12M | $272.76M | $229.23M | $250.12M | $293.38M | $295.54M | $311.96M | $346.71M | $354.03M | $368.57M | $434.22M | $545.12M | $714.95M | $683.76M | $922.99M | $1.17B | $1.59B | $2.13B | $2.91B |
| Inventory | $8.76M | $9.40M | $11.63M | $9.82M | $9.37M | $10.63M | $9.64M | $8.43M | $8.65M | $7.94M | $9.21M | $10.30M | $12.42M | $10.05M | $13.47M | $21.85M | $35.31M | $65.54M | $59.22M | $84.07M |
| Goodwill | $62.95M | $68.62M | $90.94M | $100.19M | $147.82M | $107.09M | $114.59M | $114.59M | $140.34M | $143.87M | $149.21M | $200.58M | $235.18M | $332.45M | $464.39M | $592.11M | $611.79M | $666.83M | $875.27M | $1.03B |
Frequently asked questions
What is Comfort Systems USA Inc's revenue?
Comfort Systems USA Inc's trailing twelve-month revenue is $10.14B, and consensus projects about $33.60B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FIX?
In its most recent fiscal year, FIX ran a gross margin of 24.13%, an operating margin of 14.42%, and a net margin of 11.23%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FIX generate?
FIX produced $1.03B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is FIX's balance sheet healthy?
FIX holds $981.90M in cash and equivalents against $139.06M in long-term debt, on $2.45B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.