Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
Comfort Systems USA, Inc. · FIX · FY2024 Q4 · Calendar Q1 2025
Comfort Systems USA: Backlog and data-center demand support growth
The supplied analysis supports a constructive operating thesis for Comfort Systems USA: strong backlog, data-center and industrial demand, modular expansion, and acquisitions provide growth support, while margin durability, capacity, labor, and AI-spending risks remain the key tests.
Reported Before market openNYSEIndustrials
$49.32B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $3.63
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.77B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.5%
Event window
SPY move
-0.4%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-6.6%
Up to 20 sessions
FIXSPY benchmark
Ask FN2 about FIX FY2024 Q4
Transcript, numbers and history already loaded
What drove FIX's -3.5% move after FY2024 Q4 earnings?What changed in FIX's guidance and outlook in FY2024 Q4?Give me the bull and bear case for FIX after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied FY2024 Q4 analysis adds a record $6 billion backlog, the Century Contract acquisition, expanded modular construction to 17% of revenue, and a continued emphasis on automation and workforce investment.
Guidance delta
Guidance sentiment was maintained; the supplied analysis cites high-single-digit same-store growth for 2025.
Key takeaways
- Management described record Q4 and full-year 2024 results, with revenue up 35% year over year and EPS up 60%.
- Backlog reached $6 billion, while technology, data-center, industrial, and modular-construction demand remained central growth drivers.
- Automation, acquisitions, workforce development, dividend growth, and share repurchases were highlighted alongside margin and demand risks.
Management priorities
- Expand modular construction and automation.
- Invest in workforce training and apprenticeship programs.
- Pursue aligned acquisitions while using cash flow for capital investment, dividends, and share repurchases.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,285.06Current
$1,140Low
$1,908Average
$2,200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Keybanc | Overweight | Overweight | Maintain | Oct 15, 2026 |
| UBS | Buy | Buy | Maintain | Jul 27, 2026 |
| DA Davidson | Buy | Buy | Maintain | Feb 23, 2026 |
| Stifel | Buy | Buy | Maintain | Jan 26, 2026 |
| Sidoti & Co. | Neutral | Neutral | Maintain | Jun 2, 2020 |
| Guggenheim | Neutral | Buy | Downgrade | Nov 10, 2017 |
| BB&T Capital | Buy | Hold | Upgrade | Dec 1, 2014 |
| Gilford Securities | Neutral | Neutral | Maintain | Jan 10, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $1,285.06. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $1,875 | $1,464.07 | +45.9% | Oct 20, 2026 |
| KeyBanc | Sangita Jain | $2,125 | $1,541.68 | +65.4% | Oct 15, 2026 |
| UBS | Analyst unavailable | $2,100 | $1,672.94 | +63.4% | Aug 20, 2026 |
| Stifel Nicolaus | Brian Brophy | $1,910 | $1,730.11 | +48.6% | Jul 27, 2026 |
| UBS | Analyst unavailable | $2,225 | $1,728.2 | +73.1% | Jul 27, 2026 |
| KeyBanc | Analyst unavailable | $2,110 | $1,733.6 | +64.2% | Jul 27, 2026 |
| Goldman Sachs | Analyst unavailable | $2,159 | $1,684.94 | +68.0% | Jul 9, 2026 |
| UBS | Analyst unavailable | $2,125 | $1,838.11 | +65.4% | Jun 8, 2026 |
| Oppenheimer | Analyst unavailable | $2,200 | $1,868.18 | +71.2% | May 28, 2026 |
| UBS | Analyst unavailable | $1,992 | $1,753.47 | +55.0% | Apr 27, 2026 |
| KeyBanc | Analyst unavailable | $2,004 | $1,740.33 | +55.9% | Apr 24, 2026 |
| GLJ Research | Analyst unavailable | $2,001 | $1,682.15 | +55.7% | Apr 20, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,819 | $1,611 | +41.6% | Apr 16, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,611 | $1,408.1 | +25.4% | Feb 23, 2026 |
| D.A. Davidson | Brent Thielman | $1,800 | $1,411 | +40.1% | Feb 23, 2026 |
| UBS | Analyst unavailable | $1,310 | $1,162.26 | +1.9% | Feb 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,196 | $1,121.44 | -6.9% | Jan 26, 2026 |
| D.A. Davidson | Brent Thielman | $1,200 | $935 | -6.6% | Dec 19, 2025 |
| UBS | Joshua Chan | $1,140 | $993 | -11.3% | Oct 27, 2025 |
| Stifel Nicolaus | Analyst unavailable | $1,069 | $981.66 | -16.8% | Oct 24, 2025 |
| D.A. Davidson | Brent Thielman | $810 | $973.94 | -37.0% | Oct 24, 2025 |
| UBS | Joshua Chan | $575 | $479.1 | -55.3% | Dec 9, 2024 |
| UBS | Joshua Chan | $525 | $313.58 | -59.1% | Nov 19, 2024 |
Track every rating change on FIX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationComfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments: Mechanical and Electrical. It offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.…
Historical context
All FIX earningsIndustrials peers this season
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|---|---|---|---|---|
| WCN Waste Connections, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.9% | +8.8% | Waste Connections raises 2026 outlook after strong Q3 |
| ALLE Allegion plc | FY2026 Q3 · Calendar Q4 2026 | — | +8.5% | Allegion raises full-year outlook as Americas growth accelerates |
| CSX CSX Corporation | FY2026 Q3 · Calendar Q4 2026 | +7.3% | +0.7% | CSX Q3 earnings beat estimates as intermodal and productivity gains lifted margins |
| WAB Westinghouse Air Brake Technologies Corporation | FY2026 Q3 · Calendar Q4 2026 | +3.7% | +2.0% | Wabtec Q3: EPS guidance raised as margins expand |
| KNX Knight-Swift Transportation Holdings Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.4% | -0.1% | Knight-Swift: Rate Recovery Drives Q3 Margin Improvement |
| UAL United Airlines Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +5.1% | United posts strong Q3 growth while fuel and capacity remain risks |
Latest beats and misses
Who reports nextBeat on EPS
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- CSXFY2026 Q3 · October 21, 2026+7.3% EPS+0.7% move
- IBMFY2026 Q3 · October 21, 2026+3.5% EPS+3.9% move
Missed on EPS
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
- LVSFY2026 Q3 · October 21, 2026-20.9% EPS-1.7% move
- MCOFY2026 Q3 · October 21, 2026-2.6% EPS+1.2% move
- CCIFY2026 Q3 · October 21, 2026-2.5% EPS-3.1% move
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
Get the FIX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-20T12:15:08.236814+00:00
- Polygon adjusted daily market bars · 2026-10-22T12:10:44.951612+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T12:10:44.947804+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.