WallStSmart
FIX

Comfort Systems USA Inc

NYSE: FIX · INDUSTRIALS · ENGINEERING & CONSTRUCTION

$1,724.14
+0.29% today

Updated 2026-04-29

Market cap
$64.78B
P/E ratio
53.19
P/S ratio
6.39x
EPS (TTM)
$34.60
Dividend yield
0.13%
52W range
$421 – $1,855
Volume
0.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Comfort Systems USA Inc (FIX) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$1,724.14
Consensus
$1,379.00
-20.02%
2030 Target
$5,810.48
+237.01%
DCF
—
—
10 analysts:
3 Buy2 Hold0 Sell

Management guidance

Management has not provided explicit multi-year revenue targets in available guidance. However, Q4 2025 results showed 29.52% YoY revenue growth to $9.10B with record $11.94B backlog. CEO commentary emphasizes expansion of modular manufacturing capacity and data center infrastructure focus, with technology work now 45% of revenues. Backlog-to-revenue ratio suggests strong 2026-2027 visibility.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$9,778.61
$17.2B Rev × 20x P/S
Base case (2030)
$5,810.48
$17.2B Rev × 12x P/S
Bear case (2030)
$3,968.13
$17.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$5.2B$7.0B$9.1B$11.1B$12.5B$15.8B$17.2B
Revenue growth—35.0%29.5%21.5%13.4%11.3%8.9%
EPS$8.73$14.60$28.90$37.13$44.74$62.40$69.00
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$3,826.41$4,251.57$5,385.32$5,810.48

Catalysts & risks

Growth catalysts
+ Record $11.94B backlog provides 1.3x revenue visibility into 2027-2028
+ AI data center infrastructure demand with major hyperscaler spending ($27B+ Meta, $17B+ Microsoft capex cycles)
+ Modular manufacturing capacity expansion targeting 45%+ technology revenue mix by 2027-2028
+ FTSE All-World Index inclusion (March 2026) attracting passive inflows
+ Potential for recurring revenue from ongoing data center cooling/mechanical contracts
Key risks
- Data center capex concentration risk — 45% of revenue now technology-dependent; slowdown in Meta/Google/Microsoft spending could pressure 2028-2029
- Labor availability and wage inflation in mechanical/electrical trades limiting margin expansion
- Valuation risk — P/E 49x with stock up 383% in 5 years; price targets suggest limited upside from current $1,434
- Large project execution risk on $11.94B backlog; delays could push revenue into later years
- Competition from AECOM, Jacobs, Quanta Services in modular/data center space

Methodology

Comfort Systems USA Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.