FIX financial statements

The full income statement, balance sheet, and cash-flow statement for Comfort Systems USA Inc. (FIX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 35.7M2024-09 35.6M2024-12 35.6M2025-03 35.3M2025-06 35.3M2025-09 35.3M2025-12 35.2M2026-03 35.2M2026-06 35.2M-1.4% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	1.83B YoY-73.9%	7.03B YoY+35.0%	5.21B YoY+25.8%	4.14B YoY+34.7%	3.07B YoY+7.6%
	403M YoY-72.7%	1.48B YoY+49.1%	991M YoY+33.6%	742M YoY+31.7%	563M YoY+3.0%
Cost of revenue	1.43B YoY-74.3%	5.55B YoY+31.7%	4.22B YoY+24.1%	3.40B YoY+35.4%	2.51B YoY+8.7%
Selling, general & administrative	195M YoY-73.3%	730M YoY+27.1%	574M YoY+17.4%	489M YoY+30.0%	376M YoY+5.2%
Amortization of intangibles	20.1M YoY-79.3%	97.3M YoY+124.1%	43.4M YoY-9.2%	47.8M YoY+18.0%	40.5M YoY+23.9%
Provision for credit losses	6.61M YoY-4.9%	6.95M YoY+40.6%	4.94M YoY+85.2%	2.67M YoY+283.9%	-1.45M YoY-127.6%
Operating income	209M YoY-72.1%	749M YoY+79.1%	418M YoY+64.8%	254M YoY+34.7%	188M YoY-1.2%
Interest expense	9.01M YoY+35.5%	6.65M YoY-35.3%	10.3M YoY-23.0%	13.4M YoY+115.5%	6.20M YoY-26.1%
Interest & investment income	21.6M YoY+87.0%	11.6M YoY+230.9%	3.49M YoY+7491.3%	46.0K YoY+91.7%	24.0K YoY-76.7%
Other non-operating income	-258K YoY-159.7%	432K YoY+113.9%	202K YoY+50.7%	134K YoY-28.7%	188K YoY+261.5%
Pre-tax income	208M YoY-68.8%	667M YoY+71.7%	388M YoY+64.6%	236M YoY+24.0%	190M YoY-0.7%
Income tax	271M YoY+88.0%	144M YoY+122.4%	64.8M YoY+742.2%	-10.1M YoY-121.5%	46.9M YoY+13.3%
Net income	1.02B YoY+95.7%	522M YoY+61.5%	323M YoY+31.5%	246M YoY+71.6%	143M YoY-4.5%
	$28.88 YoY+97.8%	$14.60 YoY+62.0%	$9.01 YoY+32.1%	$6.82 YoY+73.5%	$3.93 YoY-3.9%
EPS (basic)	$28.93 YoY+97.6%	$14.64 YoY+62.1%	$9.03 YoY+32.0%	$6.84 YoY+73.2%	$3.95 YoY-3.9%
	35.3M YoY-1.0%	35.7M YoY-0.3%	35.8M YoY-0.4%	35.9M YoY-1.0%	36.3M YoY-0.7%
	35.4M YoY-1.0%	35.8M YoY-0.3%	35.9M YoY-0.4%	36.0M YoY-1.1%	36.5M YoY-0.8%
Dividends per share	$1.95 YoY+62.5%	$1.20 YoY+41.2%	$0.85 YoY+51.8%	$0.56 YoY+16.7%	$0.48 YoY+12.9%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.11B YoY+47.3%	2.79B YoY+46.0%	1.91B YoY+46.1%	1.31B YoY+27.3%	1.03B YoY+26.5%
Cash & equivalents	982M YoY+78.5%	550M YoY+168.1%	205M YoY+258.6%	57.2M YoY-2.7%	58.8M YoY+7.1%
Inventory	84.1M YoY+41.9%	59.2M YoY-9.6%	65.5M YoY+85.6%	35.3M YoY+61.6%	21.9M YoY+62.2%
Prepaid expenses	139M YoY+199.8%	46.2M YoY-14.9%	54.3M YoY+12.1%	48.5M YoY+104.4%	23.7M YoY+52.8%
	6.44B YoY+36.7%	4.71B YoY+42.5%	3.31B YoY+27.3%	2.60B YoY+17.6%	2.21B YoY+25.7%
Property, plant & equipment	388M YoY+40.0%	277M YoY+32.9%	209M YoY+44.9%	144M YoY+12.0%	129M YoY+9.7%
Operating lease right-of-use	323M YoY+40.9%	229M YoY+11.4%	206M YoY+57.4%	131M YoY+4.7%	125M YoY+31.7%
Goodwill	1.03B YoY+17.2%	875M YoY+31.3%	667M YoY+9.0%	612M YoY+3.3%	592M YoY+27.5%
Intangible assets	485M YoY+11.7%	434M YoY+54.9%	280M YoY+2.4%	274M YoY-10.1%	305M YoY+31.5%
Deferred tax assets	84.1M YoY-1.5%	85.4M YoY+382.1%	17.7M YoY-84.7%	116M YoY+405.0%	22.9M YoY-22.1%
Other non-current assets	24.9M YoY+28.2%	19.4M YoY+27.5%	15.2M YoY+10.2%	13.8M YoY+59.4%	8.68M YoY+8.9%
	3.39B YoY+31.4%	2.58B YoY+50.1%	1.72B YoY+47.0%	1.17B YoY+40.0%	837M YoY+20.7%
Accounts payable	696M YoY+6.3%	655M YoY+56.0%	420M YoY+24.5%	337M YoY+32.4%	255M YoY+24.8%
Deferred revenue	2.12B YoY+84.5%	1.15B YoY+26.4%	910M YoY+65.9%	548M YoY+78.4%	307M YoY+35.9%
Short-term & current debt	6.16M YoY+2.0%	6.04M YoY+24.1%	4.87M YoY-45.9%	9.00M YoY+222.8%	2.79M
Current lease liability	35.5M YoY+26.2%	28.2M YoY+15.3%	24.4M YoY+15.5%	21.2M YoY+11.0%	19.1M YoY+14.9%
Other current liabilities	236M YoY-52.9%	502M YoY+164.1%	190M YoY+57.3%	121M YoY+14.2%	106M YoY+15.5%
	3.99B YoY+32.8%	3.01B YoY+48.3%	2.03B YoY+26.9%	1.60B YoY+13.8%	1.40B YoY+32.3%
Long-term debt	139M YoY+123.2%	62.3M YoY+58.3%	39.3M YoY-84.1%	247M YoY-35.8%	385M YoY+63.4%
Non-current lease liability	303M YoY+42.7%	212M YoY+12.7%	188M YoY+68.4%	112M YoY+3.8%	108M YoY+33.7%
Operating lease liability (total)	338M YoY+40.7%	240M YoY+13.0%	213M YoY+59.9%	133M YoY+4.8%	127M YoY+30.5%
Finance lease liability (total)	—	—	—	—	266K
Deferred tax liabilities	3.89M YoY+74.9%	2.23M YoY+98.7%	1.12M	—	1.75M YoY+30.3%
Other non-current liabilities	153M YoY+4.1%	147M YoY+88.6%	77.9M YoY+15.0%	67.8M YoY-6.2%	72.2M YoY+43.3%
	2.45B YoY+43.7%	1.70B YoY+33.4%	1.28B YoY+27.8%	1000M YoY+24.1%	806M YoY+15.7%
Common stock	411K YoY+0.0%	411K YoY+0.0%	411K YoY+0.0%	411K YoY+0.0%	411K YoY+0.0%
Additional paid-in capital	363M YoY+3.6%	351M YoY+3.3%	340M YoY+2.3%	332M YoY+1.5%	327M YoY+1.4%
Retained earnings	2.58B YoY+58.6%	1.63B YoY+41.8%	1.15B YoY+34.3%	855M YoY+35.9%	629M YoY+25.1%
Treasury stock	496M YoY+81.2%	274M YoY+30.5%	210M YoY+12.1%	187M YoY+24.3%	151M YoY+16.5%
Total liabilities & equity	6.44B YoY+36.7%	4.71B YoY+42.5%	3.31B YoY+27.3%	2.60B YoY+17.6%	2.21B YoY+25.7%
	41.1M YoY+0.0%	41.1M YoY+0.0%	41.1M YoY+0.0%	41.1M YoY+0.0%	41.1M YoY+0.0%
	35.2M YoY-1.1%	35.6M YoY-0.3%	35.7M YoY-0.2%	35.8M YoY-0.9%	36.1M YoY-0.3%
	35.2M YoY-1.1%	35.6M YoY-0.4%	35.7M YoY-0.1%	35.7M YoY-0.6%	36.0M YoY-0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.19B YoY+39.7%	849M YoY+32.8%	640M YoY+112.1%	302M YoY+67.4%	180M YoY-37.1%
Depreciation & amortization	62.4M YoY+29.5%	48.2M YoY+26.2%	38.2M YoY+13.7%	33.6M YoY+18.3%	28.4M YoY+1.8%
Intangible amortization	20.1M YoY-79.3%	97.3M YoY+124.1%	43.4M YoY-9.2%	47.8M YoY+18.0%	40.5M YoY+23.9%
Share-based compensation	21.8M YoY+31.0%	16.6M YoY+28.6%	12.9M YoY+22.9%	10.5M YoY-0.6%	10.6M YoY+52.8%
Deferred income taxes	-5.28M YoY+92.1%	-66.6M YoY-169.9%	95.3M YoY+200.8%	-94.5M YoY-1469.2%	6.90M YoY+186.8%
Change in receivables	594M YoY+78.3%	333M YoY-12.7%	382M YoY+71.0%	223M YoY+284.5%	58.0M YoY+250.8%
Change in inventory	24.4M YoY+473.0%	-6.54M YoY-122.0%	29.7M YoY+120.0%	13.5M YoY+138.8%	5.65M YoY+287.9%
	-467M YoY-36.0%	-344M YoY-78.0%	-193M YoY-98.6%	-97.2M YoY+60.6%	-247M YoY-18.7%
Capital expenditure	155M YoY+39.5%	111M YoY+17.1%	94.8M YoY+96.1%	48.4M YoY+116.6%	22.3M YoY-7.5%
Free cash flow	1.03B YoY+39.8%	738M YoY+35.5%	545M YoY+115.2%	253M YoY+60.4%	158M YoY-39.8%
Acquisitions	280M YoY+18.7%	235M YoY+130.3%	102M YoY+107.8%	49.2M YoY-78.4%	227M YoY+22.3%
Purchases of investments	64.2M YoY+2457.8%	2.51M YoY+34.9%	1.86M YoY-24.4%	2.46M	—
Sales/maturities of investments	27.7M	—	—	—	—
Proceeds from sale of PP&E	3.69M YoY-33.3%	5.54M YoY-6.9%	5.95M YoY+108.2%	2.86M YoY-7.8%	3.10M YoY+36.6%
	-287M YoY-78.6%	-161M YoY+46.2%	-299M YoY-45.0%	-206M YoY-392.3%	70.5M YoY+194.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	216M YoY+273.0%	57.9M YoY+173.4%	21.2M YoY-44.6%	38.2M YoY+41.3%	27.1M YoY-10.2%
Dividends paid	68.8M YoY+61.0%	42.8M YoY+40.8%	30.4M YoY+51.3%	20.1M YoY+15.5%	17.4M YoY+12.2%
Net change in cash	432M YoY+25.3%	345M YoY+133.1%	148M YoY+9570.9%	-1.56M YoY-140.3%	3.88M YoY-5.6%
Interest paid	7.90M YoY+22.9%	6.43M YoY-34.8%	9.86M YoY-23.6%	12.9M YoY+113.4%	6.05M YoY-21.2%
Income taxes paid	254M YoY+146.6%	103M YoY+2.6%	100M YoY+126.3%	44.3M YoY-15.1%	52.2M YoY+1.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	32.8B YoY+117.7%	15.1B YoY+105.3%	7.35B YoY+78.5%	4.12B YoY+15.7%	3.56B YoY+86.7%
P/E	32.1× YoY+11.2%	28.9× YoY+12.8%	25.6× YoY+41.8%	18.0× YoY-27.3%	24.8× YoY+95.5%
P/S	17.9× YoY+735.6%	2.1× YoY+45.1%	1.5× YoY+39.4%	1.1× YoY-8.3%	1.2× YoY+73.5%
P/B	13.4× YoY+51.6%	8.8× YoY+45.3%	6.1× YoY+40.6%	4.3× YoY-2.0%	4.4× YoY+61.4%
P/FCF	31.8× YoY+55.8%	20.4× YoY+43.4%	14.3× YoY-46.1%	26.4× YoY+17.2%	22.5× YoY+210.4%
	3.1% YoY-10.1%	3.5% YoY-11.4%	3.9% YoY-29.5%	5.5% YoY+37.6%	4.0% YoY-48.9%
	3.1% YoY-35.8%	4.9% YoY-30.2%	7.0% YoY+85.4%	3.8% YoY-14.7%	4.4% YoY-67.8%
	0.21% YoY-26.2%	0.28% YoY-31.5%	0.41% YoY-15.1%	0.49% YoY+0.3%	0.49% YoY-39.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FIX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FIX filings on SEC EDGAR → Not investment advice.