Comfort Systems USA(NYSE) FIX

Comfort Systems USA NYSE:FIX installs and fixes building systems. It helps hospitals, schools, and offices stay comfortable and safe. The company ensures power and air conditioning work correctly.

What Comfort Systems Builds

• Mechanical Services: Installs heating, ventilation, and air conditioning systems; represents 68.6% of revenue in the third quarter of 2026.
• Electrical Services: Provides electrical construction and engineering for commercial and industrial buildings; represents 31.4% of revenue in the third quarter of 2026.
• Maintenance and Repair: Offers ongoing service and remote monitoring for already installed systems; represents 5.3% of revenue.

Recent Strategic Expansion

• Acquired R.C. Hunt Electric on May 1, 2026.
• Purchased Boys Electrical and a modular company in Texas on Aug. 1, 2026.
• Added Feyen Zylstra and Meisner Electric on Oct. 1, 2025.
• Increased the total number of operating locations to 52 by Sept. 30, 2026.

The Modular Construction Advantage

Comfort Systems manages 52 separate operating units and uses off-site modular construction to build systems in factories. This specialized approach improves project quality while controlling costs for complex buildings. The company also maintains a national call center to manage service needs for large clients.

Strong Financial Performance

• Revenue was $9.90 billion for the nine months ended Sept. 30, 2026, up 53.3% year over year.
• Backlog was $17.81 billion as of Sept. 30, 2026, up 90.0% year over year.
• Free cash flow was $2.05 billion for the nine months ended Sept. 30, 2026.
• Available credit under the revolving facility was $1.01 billion as of Sept. 30, 2026.

Bottom Line

Comfort Systems has evolved from a regional provider into a national network of mechanical and electrical specialists. Its expansion into modular construction and focus on the technology sector support its long-term growth.