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Comfort Systems USA

  • Backlog$1.5 BQ2, 2019
  • Revenue$3.1 BFY, 2021
  • Market Capitalization$3.7 B2022-08-04

OverviewSuggest Edit

Comfort Systems USA is a company providing mechanical and electrical contracting services. Its mechanical segment principally includes heating, ventilation, and air conditioning (“HVAC”), plumbing, piping and controls, as well as off-site construction, monitoring, and fire protection. The electrical segment includes the installation and servicing of electrical systems. The company builds, installs, maintains, repairs, and replaces mechanical, electrical, and plumbing (“MEP”) systems.

TypePublic
Founded1997
HQHouston, TX, USMap
Websitecomfortsystemsusa.com
Employee Ratings3.9
Overall CultureB-More
View Jobs (111)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)13,200(+19%)
Job Openings111
Revenue (FY, 2021)$3.1 B(+8%)
Share Price (Aug 2022)$101.7(-2%)
Cybersecurity ratingBMore
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Key People/Management at Comfort Systems USA

Franklin Myers

Franklin Myers

Director and Chairman of the Board
Brian E. Lane

Brian E. Lane

Chief Executive Officer, President and Director
Darcy G. Anderson

Darcy G. Anderson

Director
Trent McKenna

Trent McKenna

Executive Vice President and Chief Operating Officer
Herman E. Bulls

Herman E. Bulls

Director
Laura Howell

Laura Howell

Senior Vice President and General Counsel
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Comfort Systems USA Office Locations

Comfort Systems USA has offices in Houston, Albuquerque, Auburn, Birmingham and in 27 other locations
Houston, TX, US (HQ)
675 Bering Dr #400
Albuquerque, NM, US
8920 Adams St Suite A
Auburn, AL, US
480 N Dean Rd Unit G-3
Birmingham, AL, US
3100 Richard Arrington Jr Blvd N
Bloomingdale, GA, US
402 US-80
Bothell, WA, US
18702 North Creek Pkwy #110
Show all (33)

Comfort Systems USA Financials and Metrics

Comfort Systems USA Revenue

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Comfort Systems USA's revenue was reported to be $3.07 b in FY, 2021 which is a 7.6% increase from the previous period.
USD

Revenue (Q2, 2022)

1.0b

Gross profit (Q2, 2022)

175.0m

Gross profit margin (Q2, 2022), %

17.2%

Net income (Q2, 2022)

42.2m

EBIT (Q2, 2022)

56.7m

Market capitalization (4-Aug-2022)

3.7b

Closing stock price (4-Aug-2022)

101.7

Cash (30-Jun-2022)

69.1m

EV

4.2b
Comfort Systems USA's current market capitalization is $3.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

2.6b2.9b3.1b

Revenue growth, %

20%9%8%

Cost of goods sold

2.1b2.3b2.5b

Gross profit

501.9m547.0m563.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

700.1m743.5m714.1m669.8m713.9m833.9m885.2m1.0b

Cost of goods sold

583.0m597.8m566.9m546.3m587.4m674.7m732.1m843.0m

Gross profit

117.1m145.7m147.2m123.5m126.5m159.2m153.1m175.0m

Gross profit Margin, %

17%20%21%18%18%19%17%17%
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

50.8m54.9m58.8m

Accounts Receivable

674.6m665.1m835.6m

Prepaid Expenses

14.4m15.5m23.7m

Inventories

10.1m13.5m21.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

133.3m53.3m70.5m52.1m53.7m67.7m115.6m69.1m

Accounts Receivable

694.8m672.2m655.4m632.4m684.1m760.1m875.7m

Prepaid Expenses

14.6m10.5m10.3m13.8m11.4m11.5m31.4m28.8m

Inventories

10.3m12.2m12.7m15.7m18.8m19.9m24.9m31.2m
show all
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

114.3m150.1m143.3m

Depreciation and Amortization

51.6m60.6m68.9m

Inventories

2.4m(1.5m)(5.7m)

Accounts Payable

31.0m11.1m4.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

17.7m57.2m107.3m26.5m59.5m105.8m86.8m129.0m

Depreciation and Amortization

12.7m13.6m20.8m16.0m13.9m21.1m20.8m41.5m

Inventories

(256.0k)(220.0k)(708.0k)(2.2m)(5.4m)(6.2m)(3.1m)(9.4m)

Accounts Payable

(45.8m)(2.0m)(16.0m)(33.1m)(11.0m)15.1m1.9m38.1m
show all
USDFY, 2019

EV/EBIT

12.7 x

EV/CFO

14.7 x

Revenue/Employee

217.9k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.6 x

P/E Ratio

16.2
Show all financial metrics

Comfort Systems USA Operating Metrics

Comfort Systems USA's Backlog was reported to be $1.5b in Q2, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Backlog

$763.4 m$863 m$937.8 m$901.2 m$948.4 m$1.08 b$1.23 b$1.25 b$1.17 b$1.14 b$1.5 b

Projects

3.83 k4.07 k5.01 k5.21 k4.69 k4.42 k5.32 k5.56 k5.21 k5.11 k6.02 k

Aggregate Contract Price Value

$1.98 b$2.12 b$2.37 b$2.38 b$2.36 b$2.49 b$2.95 b$3.18 b$3.11 b$3.04 b$4.21 b

Projects (under $1M Contract Price)

3.42 k3.63 k4.51 k4.72 k4.22 k3.92 k4.72 k4.92 k4.59 k4.51 k5.28 k

Comfort Systems USA Acquisitions / Subsidiaries

Company NameDateDeal Size
Edwards Electrical & MechanicalJanuary 05, 2022
MEP Holding Co., Inc.December 31, 2021$57.3 m
Ivey Mechanical Company, LLCDecember 01, 2021$78.8 m
Amteck Holdco LLC AcquisitionAugust 01, 2021
TEC Industrial Maintenance and ConstructionDecember 31, 2020$88.9 m
Turbine Air SystemsMarch 09, 2020
Walker TX Holding Company, LLCFebruary 21, 2019
DynaTenMay 01, 2014
Environmental Air Systems, LLCNovember 02, 2011
Granite State Plumbing & Heating, LLCJanuary 27, 2005$2.8 m
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Comfort Systems USA Revenue Breakdown

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Comfort Systems USA revenue breakdown by business segment: 82.7% from Mechanical Services and 17.3% from Electrical Services

Comfort Systems USA Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Comfort Systems USA Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Comfort Systems USA Online and Social Media Presence

Comfort Systems USA's Trends

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Comfort Systems USA Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    B-

    69/100

  • Compensation

    B+

    75/100

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Comfort Systems USA News and Updates

April 27, 2018

Comfort Systems USA's (FIX) CEO Brian Lane on Q1 2018 Results - Earnings Call Transcript

Comfort Systems USA Blogs

July 27, 2022

Comfort Systems USA Reports Second Quarter 2022 Results

HOUSTON --(BUSINESS WIRE)--Jul. 27, 2022-- Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today reported results for the quarter ended June 30, 2022 . For the quarter ended June 30, 2022 , net income was $42.2 million , or $1.17 per diluted share, as compared to $33.0 million , or $0.90 per
July 21, 2022

Comfort Systems USA Announces Second Quarter 2022 Conference Call and Webcast

HOUSTON --(BUSINESS WIRE)--Jul. 21, 2022-- Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly
May 26, 2022

Comfort Systems USA Increases and Extends Debt Facility

Comfort Systems USA Increases and Extends Debt Facility Content Import Thu, 05/26/2022 - 16:13 Comfort Systems USA Increases and Extends Debt Facility - May 26, 2022 General -- Facility Increased to $850 million and Extended to 2027 -- HOUST…
April 27, 2022

Comfort Systems USA Reports First Quarter 2022 Results

HOUSTON --(BUSINESS WIRE)--Apr. 27, 2022-- Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today reported results for the quarter ended March 31, 2022 . For the quarter ended March 31, 2022 , net income was $86.8 million , or $2.40 per diluted share, as compared to $26.5 million , or $0.73
April 21, 2022

Comfort Systems USA Announces First Quarter 2022 Conference Call and Webcast

HOUSTON --(BUSINESS WIRE)--Apr. 21, 2022-- Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly
February 23, 2022

Comfort Systems USA Reports Fourth Quarter and Full Year 2021 Results

HOUSTON --(BUSINESS WIRE)--Feb. 23, 2022-- Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today reported results for the fourth quarter and annual period ended December 31, 2021 and disclosed the favorable settlement and approval of certain previously filed tax refund claims during January
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 Comfort Systems USA Frequently Asked Questions

  • When was Comfort Systems USA founded?

    Comfort Systems USA was founded in 1997.

  • Who are Comfort Systems USA key executives?

    Comfort Systems USA's key executives are Franklin Myers, Brian E. Lane and Darcy G. Anderson.

  • How many employees does Comfort Systems USA have?

    Comfort Systems USA has 13,200 employees.

  • What is Comfort Systems USA revenue?

    Latest Comfort Systems USA annual revenue is $3.1 b.

  • What is Comfort Systems USA revenue per employee?

    Latest Comfort Systems USA revenue per employee is $232.9 k.

  • Who are Comfort Systems USA competitors?

    Competitors of Comfort Systems USA include Modine Manufacturing, Viessmann Werke and A.O. Smith.

  • Where is Comfort Systems USA headquarters?

    Comfort Systems USA headquarters is located at 675 Bering Dr #400, Houston.

  • Where are Comfort Systems USA offices?

    Comfort Systems USA has offices in Houston, Albuquerque, Auburn, Birmingham and in 27 other locations.

  • How many offices does Comfort Systems USA have?

    Comfort Systems USA has 33 offices.