Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
Comfort Systems USA, Inc. · FIX · FY2025 Q3 · Calendar Q4 2025
Comfort Systems posts record Q3 as backlog reaches $9.4 billion
The quarter supports the view that resilient industrial and technology demand, expanding backlog, and acquisitions can sustain growth, but the thesis depends on execution, labor availability, and backlog conversion.
Reported After market closeNYSEIndustrials
$60.87B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$8.25
Consensus $6.29
EPS surprise
+31.2%
Reported versus consensus
Reported revenue
$2.45B
Consensus $2.16B
Revenue surprise
+13.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+19.0%
Event window
SPY move
+0.8%
Same window
Abnormal move
+18.2%
Stock minus SPY
Volume
3.1×
Versus trailing sessions
Subsequent drift
-8.9%
Up to 20 sessions
FIXSPY benchmark
Ask FN2 about FIX FY2025 Q3
Transcript, numbers and history already loaded
Why did FIX rise 19.0% after beating EPS estimates in FY2025 Q3?What changed in FIX's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FIX after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, backlog increased from $8.1 billion to $9.4 billion, and management added two acquisitions expected to contribute $200 million of annual revenue. Modular capacity expansion and automation remained priorities, while capital returns continued.
Guidance delta
Maintained; management signaled confidence in continued double-digit same-store growth through 2025–2026.
Key takeaways
- Management described record Q3 results, with EPS doubling year over year and EBITDA up 74%.
- Backlog reached $9.4 billion, up $1 billion year over year, supported by industrial and technology demand.
- Two acquisitions are expected to add $200 million of annual revenue and $15–$20 million of EBITDA.
- Strong free cash flow supported a 20% dividend increase and continued share repurchases.
Management priorities
- Integrate FZ Electrical and Meisner Electric
- Expand modular capacity to 3 million square feet by early 2026
- Invest in automation, robotics, hiring, and apprenticeship programs
- Continue share repurchases and dividend enhancements
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,728.01Current
$1,140Low
$1,915.44Average
$2,200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 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 current price $1,728.01. 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 | +21.5% | Aug 20, 2026 |
| Stifel Nicolaus | Brian Brophy | $1,910 | $1,730.11 | +10.5% | Jul 27, 2026 |
| UBS | Analyst unavailable | $2,225 | $1,728.2 | +28.8% | Jul 27, 2026 |
| KeyBanc | Analyst unavailable | $2,110 | $1,733.6 | +22.1% | Jul 27, 2026 |
| Goldman Sachs | Analyst unavailable | $2,159 | $1,684.94 | +24.9% | Jul 9, 2026 |
| UBS | Analyst unavailable | $2,125 | $1,838.11 | +23.0% | Jun 8, 2026 |
| Oppenheimer | Analyst unavailable | $2,200 | $1,868.18 | +27.3% | May 28, 2026 |
| UBS | Analyst unavailable | $1,992 | $1,753.47 | +15.3% | Apr 27, 2026 |
| KeyBanc | Analyst unavailable | $2,004 | $1,740.33 | +16.0% | Apr 24, 2026 |
| GLJ Research | Analyst unavailable | $2,001 | $1,682.15 | +15.8% | Apr 20, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,819 | $1,611 | +5.3% | Apr 16, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,611 | $1,408.1 | -6.8% | Feb 23, 2026 |
| D.A. Davidson | Brent Thielman | $1,800 | $1,411 | +4.2% | Feb 23, 2026 |
| UBS | Analyst unavailable | $1,310 | $1,162.26 | -24.2% | Feb 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,196 | $1,121.44 | -30.8% | Jan 26, 2026 |
| D.A. Davidson | Brent Thielman | $1,200 | $935 | -30.6% | Dec 19, 2025 |
| UBS | Joshua Chan | $1,140 | $993 | -34.0% | Oct 27, 2025 |
| Stifel Nicolaus | Analyst unavailable | $1,069 | $981.66 | -38.1% | Oct 24, 2025 |
| D.A. Davidson | Brent Thielman | $810 | $973.94 | -53.1% | Oct 24, 2025 |
| UBS | Joshua Chan | $575 | $479.1 | -66.7% | Dec 9, 2024 |
| UBS | Joshua Chan | $525 | $313.58 | -69.6% | 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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| 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
Who reports nextBeat on EPS
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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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-04T07:50:41.273743+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-04T07:50:41.270984+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 2026-10-04. For educational purposes only; not investment advice.