Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
Comfort Systems USA, Inc. · FIX · FY2025 Q4 · Calendar Q1 2026
Comfort Systems USA: Record Q4, $12B Backlog, Modular Expansion
The supplied analysis supports a constructive operating thesis: record profitability, a $12 billion backlog, data-center demand, modular expansion, and service growth provide visible drivers. The thesis remains dependent on labor execution, backlog timing, and hyperscaler spending.
Reported After market closeNYSEIndustrials
$58.36B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$9.37
Consensus $6.75
EPS surprise
+38.8%
Reported versus consensus
Reported revenue
$2.65B
Consensus $2.34B
Revenue surprise
+13.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+6.5%
Event window
SPY move
+0.7%
Same window
Abnormal move
+5.7%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-7.2%
Up to 20 sessions
FIXSPY benchmark
Ask FN2 about FIX FY2025 Q4
Transcript, numbers and history already loaded
Why did FIX rise 6.5% after beating EPS estimates in FY2025 Q4?What changed in FIX's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FIX after FY2025 Q4 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 analysis, backlog increased from $9.4 billion to $12 billion, modular capacity plans moved to 4 million square feet by year-end 2026, and contract-craft platforms became a highlighted labor initiative.
Guidance delta
Maintained; no change in guidance sentiment was identified in the supplied analysis.
Key takeaways
- EPS rose 129% year over year in the quarter, while gross margin reached 25.5%.
- Backlog reached a record $12 billion, led by technology, data-center, and modular work.
- Management plans to expand modular capacity to 4 million square feet by the end of 2026.
Management priorities
- Complete the modular-capacity expansion and continue automation investments.
- Use contract-craft platforms to improve labor flexibility and utilization.
- Pursue disciplined acquisitions while supporting service growth and capital returns.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,693Current
$1,140Low
$1,915.44Average
$2,200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 29, 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 $1,693. 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 | +24.0% | Aug 20, 2026 |
| Stifel Nicolaus | Brian Brophy | $1,910 | $1,730.11 | +12.8% | Jul 27, 2026 |
| UBS | Analyst unavailable | $2,225 | $1,728.2 | +31.4% | Jul 27, 2026 |
| KeyBanc | Analyst unavailable | $2,110 | $1,733.6 | +24.6% | Jul 27, 2026 |
| Goldman Sachs | Analyst unavailable | $2,159 | $1,684.94 | +27.5% | Jul 9, 2026 |
| UBS | Analyst unavailable | $2,125 | $1,838.11 | +25.5% | Jun 8, 2026 |
| Oppenheimer | Analyst unavailable | $2,200 | $1,868.18 | +29.9% | May 28, 2026 |
| UBS | Analyst unavailable | $1,992 | $1,753.47 | +17.7% | Apr 27, 2026 |
| KeyBanc | Analyst unavailable | $2,004 | $1,740.33 | +18.4% | Apr 24, 2026 |
| GLJ Research | Analyst unavailable | $2,001 | $1,682.15 | +18.2% | Apr 20, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,819 | $1,611 | +7.4% | Apr 16, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,611 | $1,408.1 | -4.8% | Feb 23, 2026 |
| D.A. Davidson | Brent Thielman | $1,800 | $1,411 | +6.3% | Feb 23, 2026 |
| UBS | Analyst unavailable | $1,310 | $1,162.26 | -22.6% | Feb 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,196 | $1,121.44 | -29.4% | Jan 26, 2026 |
| D.A. Davidson | Brent Thielman | $1,200 | $935 | -29.1% | Dec 19, 2025 |
| UBS | Joshua Chan | $1,140 | $993 | -32.7% | Oct 27, 2025 |
| Stifel Nicolaus | Analyst unavailable | $1,069 | $981.66 | -36.9% | Oct 24, 2025 |
| D.A. Davidson | Brent Thielman | $810 | $973.94 | -52.2% | Oct 24, 2025 |
| UBS | Joshua Chan | $575 | $479.1 | -66.0% | Dec 9, 2024 |
| UBS | Joshua Chan | $525 | $313.58 | -69.0% | 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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|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| 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
Who reports nextBeat on EPS
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% 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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-29T10:40:58.011023+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-29T10:40:58.008121+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 2026-09-29. For educational purposes only; not investment advice.