COMFORT SYSTEMS USA INC (FIX) Stock Analysis

Analysis from 10-Q filed 2025-10-23. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 5.3%. FCF margin 48.3%. D/E 0.0x. Source: 10-Q filed 2025-10-23.

Metric	Value	Context
ROIC	5.3%	Below expectations
FCF Margin	48.3%	Strong cash generation
Debt/Equity	0.0x	Conservative leverage

ROIC 5.3% — Top 50% of sector peers. FCF margin 48.3% — Top 5%.

Explore COMFORT SYSTEMS USA INC: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for FIX: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: COMFORT SYSTEMS USA INC earns 5.3% ROIC, Top 50% in Materials

ROIC TTM 5.3%, sector median 4.8%, Top 50%. DuPont: NOPAT margin 4.9% × asset turnover 0.5x. Gross margin 26.3%. Operating margin 17.0%. Source: 10-Q filed 2025-10-23.

Metric	FIX	Rating	Context
Return on Invested Capital (ROIC)	5.3%	Warning	Above sector median of 4.8%
Return on Equity (ROE)	54.7%	Excellent	Efficient use of shareholder equity
Gross Margin	26.3%	Adequate	Competitive pricing environment
Operating Margin	17.0%	Good	Efficient operations

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Cash Flow: COMFORT SYSTEMS USA INC generates $1.4B FCF at 48.3% margin, positive NaN/8 quarters

FCF TTM $1.4B. FCF margin 48.3%, Top 5%. OCF/Net income 1.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-23.

Metric	FIX	Rating	Context
Free Cash Flow Margin	48.3%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$1.4B	Good	Positive cash generation
OCF/Net Income	1.4x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: COMFORT SYSTEMS USA INC at 0.0x leverage

Debt/Equity 0.0x. Net cash $1.0B. Source: 10-Q filed 2025-10-23.

Metric	FIX	Rating	Context
Debt to Equity	0.0x	Excellent	Conservative capital structure
Net Cash Position	$1.0B	Excellent	Net cash positive

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Valuation: COMFORT SYSTEMS USA INC trades at 39.7x earnings

P/E 39.7x. EV/Sales 16.8x. FCF yield 2.8%. Dividend yield 0.2%. Source: 10-Q filed 2025-10-23.

Metric	FIX	Rating	Context
P/E Ratio	39.7x	Adequate	Premium valuation
EV/Sales	16.8x	Warning	Growth premium priced in
FCF Yield	2.8%	Adequate	Lower cash yield
Dividend Yield	0.2%	Adequate	Growth focus over income

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Capital Allocation: COMFORT SYSTEMS USA INC returns 0.4% shareholder yield

Total shareholder yield 0.4% (div 0.2% + buyback 0.3%). Capital returned $206.5M TTM. Source: 10-Q filed 2025-10-23.

Metric	FIX	Rating	Context
Total Shareholder Yield	0.4%	Adequate	Dividend + buyback yield combined
Buyback Yield	0.3%	Adequate	Minimal buyback activity
Total Capital Returned (TTM)	$206.5M	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	5.3%	Top 50%	1.1x above
Free Cash Flow Margin	48.3%	Top 5%	45.7x above
Gross Margin	26.3%	Bottom 50%	1.0x below
Operating Margin	17.0%	Top 25%	2.1x above
Return on Equity (ROE)	54.7%	Top 5%	7.4x above
P/E Ratio	39.7x	N/A	-

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Financial Scorecard

Metric	FIX	Rating	Sector Context
Return on Invested Capital (ROIC)	5.3%	Warning	Top 50% of sector (median: 4.8%)
Free Cash Flow Margin	48.3%	Excellent	Top 5% of sector (median: 1.1%)
Gross Margin	26.3%	Adequate	Bottom 50% of sector (median: 26.5%)
Debt to Equity Ratio	1.4%	Excellent	Conservative capital structure
P/E Ratio (Price-to-Earnings)	39.7x	Adequate	High expectations priced in
Free Cash Flow Yield	2.8%	Warning	Growth-focused valuation

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Frequently Asked Questions

Q: What is COMFORT SYSTEMS USA INC's Return on Invested Capital (ROIC)?

COMFORT SYSTEMS USA INC (FIX) has a trailing twelve-month Return on Invested Capital (ROIC) of 5.3%. Sector median 4.8%. Source: 10-Q filed 2025-10-23.

Q: What is COMFORT SYSTEMS USA INC's Free Cash Flow Margin?

COMFORT SYSTEMS USA INC (FIX) has a free cash flow margin of 48.3%, generating $1.4 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-10-23.

Q: What is COMFORT SYSTEMS USA INC's P/E ratio and how does it compare to peers?

COMFORT SYSTEMS USA INC (FIX) trades at a P/E ratio of 39.7x, which is above the sector median of N/A. EV/Sales 16.8x. FCF yield 2.8%. Source: 10-Q filed 2025-10-23.

Q: Does COMFORT SYSTEMS USA INC pay a dividend?

COMFORT SYSTEMS USA INC (FIX) currently pays a dividend yield of 0.2%. Total shareholder yield (dividend + buybacks) 0.4%. Source: 10-Q filed 2025-10-23.

Q: What is COMFORT SYSTEMS USA INC's revenue and earnings growth?

COMFORT SYSTEMS USA INC (FIX) declined revenue by 60.9% year-over-year. EPS +107.8% YoY. Source: 10-Q filed 2025-10-23.

Q: Is COMFORT SYSTEMS USA INC buying back stock?

COMFORT SYSTEMS USA INC (FIX) repurchased $127.2 million of stock over the trailing twelve months. This represents a buyback yield of 0.3%. Source: 10-Q filed 2025-10-23.

Q: How does COMFORT SYSTEMS USA INC compare to competitors in Materials?

Compared to other companies in Materials, COMFORT SYSTEMS USA INC (FIX) shows: ROIC 5.3%, sector median 4.8% (Top 50%). FCF margin 48.3%, sector median 1.1% (Top 5%). Gross margin 26.3%, 0.2pp below sector median. These rankings are based on MetricDuck's analysis of all Materials companies with available SEC filings.

Q: What warning signs should I watch for with COMFORT SYSTEMS USA INC?

Quantitative warning flags for COMFORT SYSTEMS USA INC (FIX): 1) ROIC declining -46.9% over 8 quarters. Source: 10-Q filed 2025-10-23.

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Data Source: Data sourced from 10-Q filed 2025-10-23. TTM metrics as of Q1 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.