Comfort Systems USA Inc

Latest Results (11.11.2025):

For the Third Quarter 2025, Comfort Systems USA Inc delivered a strong financial performance with notable increases in revenue, margins, and profitability compared to the prior year period. The report highlights better cost management, improved operating income, and enhanced adjusted EBITDA, setting a positive tone for the company as it continues to grow its leading position in HVAC and electrical contracting services nationwide.

Revenue & Gross Profit Expansion

Comfort Systems USA Inc reported revenue of $2,450,969K in Q3 2025, up from $1,812,366K in Q3 2024. The gross profit margin increased to 24.8% compared to 21.1% previously, reflecting improved operational efficiency and better cost control as cost of services was 75.2% of revenue in 2025 versus 78.9% in 2024.

Operating Income & Net Income Growth

Operating income reached $378,874K in Q3 2025, translating to a margin of 15.5%, significantly higher than the 11.2% margin in the prior year. Net income also saw a robust increase, climbing from $146,235K in Q3 2024 to $291,615K in Q3 2025, with net margins improving from 8.1% to 11.9%.

Adjusted EBITDA Performance

The company’s Adjusted EBITDA for the quarter rose to $413,866K, marking 16.9% of revenue compared to 13.1% last year, which underlines the improved operational performance and provides a non-GAAP measure that investors closely monitor.

Cash Flow & Financial Position

In addition to improved earnings, Comfort Systems USA Inc demonstrated strong liquidity with operating cash flow of $553,271K and free cash flow of $519,027K in Q3 2025. The balance sheet remains robust with cash and cash equivalents of $860,523K, supporting ongoing investments and debt management.