COMFORT SYSTEMS USA INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: FIX (Comfort Systems USA) delivered exceptional Q1 FY2026 results with revenue surging 56.5% YoY to $2.87B and net income more than doubling to $370.4M, driven by strong demand across its mechanical and electrical contracting segments.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue jumped 56.5% YoY to $2.87B in Q1 FY2026 from $1.83B in the prior year period, reflecting robust demand for HVAC, plumbing, electrical, and related services, likely boosted by acquisitions and strong organic growth in data center and industrial end markets.
Gross margin expanded 430 basis points YoY to 26.3% from 22.0%, while operating margin widened 553 basis points to 17.0% from 11.4%, indicating significant operating leverage and improved project mix as higher-value work outpaced cost growth.
Operating cash flow swung from -$88.0M in Q1 FY2025 to +$388.8M in Q1 FY2026, a $476.8M improvement, signaling much stronger working capital management and earnings quality in the current period.
Revenue
$2.87B
++56.47% YoY
EPS (Basic)
$10.52
++120.55% YoY
Gross Margin
26.3%
++4.30% YoY
Operating Income
$485.72M
++132.29% YoY
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