Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
Comfort Systems USA, Inc. · FIX · FY2025 Q2 · Calendar Q3 2025
Comfort Systems posts record Q2 as backlog reaches $8.1 billion
The supplied analysis supports a constructive operating thesis: strong technology and industrial demand, record backlog, expanding modular capacity, and service growth provide evidence of resilient demand. The thesis remains conditional because margin durability, labor and tariff pressures, acquisition integration, and visibility beyond 2026/2027 still require monitoring.
Reported After market closeNYSEIndustrials
$61.29B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$6.53
Consensus $4.84
EPS surprise
+34.9%
Reported versus consensus
Reported revenue
$2.17B
Consensus $1.97B
Revenue surprise
+10.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+22.4%
Event window
SPY move
+0.4%
Same window
Abnormal move
+21.9%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
+0.1%
Up to 20 sessions
FIXSPY benchmark
Ask FN2 about FIX FY2025 Q2
Transcript, numbers and history already loaded
Why did FIX rise 22.4% after beating EPS estimates in FY2025 Q2?What changed in FIX's guidance and outlook in FY2025 Q2?Give me the bull and bear case for FIX after FY2025 Q2 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, revenue and backlog reached new records, modular construction represented about 18% of revenue with capacity targeted at approximately 3 million square feet, and Right Way Plumbing was added as an acquisition-led growth driver. Gross-margin performance improved, while guidance remained maintained.
Guidance delta
Management maintained its outlook; the supplied analysis does not identify a guidance increase or reduction.
Key takeaways
- The quarter extended the company’s record operating trajectory, with revenue growth, margin expansion, and a new backlog high.
- Management pointed to technology and industrial demand, including data-center activity, as key drivers.
- Modular construction and service growth remain strategic priorities, while capacity is being expanded.
- Right Way Plumbing adds a new acquisition-led growth avenue, alongside continued dividends and share repurchases.
Management priorities
- Expand modular capacity toward approximately 3 million square feet and evaluate a third location over the longer term.
- Grow the service business at more than 10% year over year.
- Use the Right Way Plumbing acquisition for cross-selling opportunities.
- Maintain disciplined project selection and continue shareholder distributions.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,706.39Previous close
$1,140Low
$1,915.44Average
$2,200High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 9, 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 |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Jul 27, 2026 |
| Keybanc | Overweight | Overweight | 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 previous close $1,706.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $2,100 | $1,672.94 | +23.1% | Aug 20, 2026 |
| Stifel Nicolaus | Brian Brophy | $1,910 | $1,730.11 | +11.9% | Jul 27, 2026 |
| UBS | Analyst unavailable | $2,225 | $1,728.2 | +30.4% | Jul 27, 2026 |
| KeyBanc | Analyst unavailable | $2,110 | $1,733.6 | +23.7% | Jul 27, 2026 |
| Goldman Sachs | Analyst unavailable | $2,159 | $1,684.94 | +26.5% | Jul 9, 2026 |
| UBS | Analyst unavailable | $2,125 | $1,838.11 | +24.5% | Jun 8, 2026 |
| Oppenheimer | Analyst unavailable | $2,200 | $1,868.18 | +28.9% | May 28, 2026 |
| UBS | Analyst unavailable | $1,992 | $1,753.47 | +16.7% | Apr 27, 2026 |
| KeyBanc | Analyst unavailable | $2,004 | $1,740.33 | +17.4% | Apr 24, 2026 |
| GLJ Research | Analyst unavailable | $2,001 | $1,682.15 | +17.3% | Apr 20, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,819 | $1,611 | +6.6% | Apr 16, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,611 | $1,408.1 | -5.6% | Feb 23, 2026 |
| D.A. Davidson | Brent Thielman | $1,800 | $1,411 | +5.5% | Feb 23, 2026 |
| UBS | Analyst unavailable | $1,310 | $1,162.26 | -23.2% | Feb 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,196 | $1,121.44 | -29.9% | Jan 26, 2026 |
| D.A. Davidson | Brent Thielman | $1,200 | $935 | -29.7% | Dec 19, 2025 |
| UBS | Joshua Chan | $1,140 | $993 | -33.2% | Oct 27, 2025 |
| Stifel Nicolaus | Analyst unavailable | $1,069 | $981.66 | -37.4% | Oct 24, 2025 |
| D.A. Davidson | Brent Thielman | $810 | $973.94 | -52.5% | Oct 24, 2025 |
| UBS | Joshua Chan | $575 | $479.1 | -66.3% | Dec 9, 2024 |
| UBS | Joshua Chan | $525 | $313.58 | -69.2% | Nov 19, 2024 |
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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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| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-09T11:00:44.701859+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T11:00:44.699106+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 2026-10-09. For educational purposes only; not investment advice.