# Comfort Systems USA, Inc. (FIX) — Stock CV

Comfort Systems USA, Inc. is a $60.3B industrial company. Revenue grew 46.1% over the last year, it keeps 13¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 42.1× earnings — in the most expensive third of its own history.

> Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components.

## Identity

- **Ticker**: FIX
- **Sector**: Industrials
- **Industry**: Electrical Work
- **Headquarters**: HOUSTON, TX
- **Employees**: 22 700
- **Website**: https://www.comfortsystemsusa.com
- **Market cap**: $60.3B
- **Last price**: $1 714.00
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $11.2B
- **Net income**: $1.43B
- **Free cash flow**: $2.16B
- **Net cash**: $843M
- **P/E**: 42.1
- **Revenue growth (YoY)**: 46.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 29 |
| Growth | 100 |
| Profitability | 90 |
| Health | 87 |
| Quality | 100 |
| Moat | 68 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +46.1% YoY
- [x] Profitable — $1.43B TTM
- [x] Profit growing — +61.8% YoY
- [x] Generates cash — $2.16B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $60.3B market cap
- [x] Not printing shares — -3.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 8.7 — safe
- [x] Pays a dividend — yield 0.15%
- [x] Valuation not extreme — P/E 42.1

## Experience (career milestones)

- **FY2025** — Best year on record: $1.02B net income
- **FY2023** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.63B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1997** — 12 companies were merged into the newly-formed Comfort Systems USA

## Strengths

- Revenue growing 46.1% year over year
- Strong cash conversion — FCF is 19.2% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 66.1× by operating earnings
- High returns on invested capital (ROIC 63.7%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.07B | $143M | $158M |
| FY2022 | $4.14B | $246M | $253M |
| FY2023 | $5.21B | $323M | $545M |
| FY2024 | $7.03B | $522M | $738M |
| FY2025 | $9.10B | $1.02B | $1.03B |

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Source: https://stockcv.com/FIX — derived from company filings; may be delayed or incomplete. Information, not investment advice.