Companies /Industrials

Comfort Systems USA Inc

NYSE: FIX Engineering & Construction
$1,614.98
▼ $0.71 (−0.04%) today
Markets closed · 9:04pm ET

Q1 2026 Earnings

Reported Apr 23, 2026, 4:05pm ET · SEC source
$10.51
Beat +54.44%
EPS · est. $6.81
$2.9B
Beat +19.74%
Revenue · est. $2.4B
+3.1%
Beating market
FIX vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Apr 23Apr 24report 4:05pm ETearnings+0.8%−7.3%
−8%−4%0Apr 23Apr 24earnings+0.8%−7.3%
FIX −7.3%S&P 500 +0.8%
−8%−4%0Apr 23Apr 24report 4:05pm ETearnings+1.7%−7.3%
−8%−4%0Apr 23Apr 24earnings+1.7%−7.3%
FIX −7.3%NASDAQ +1.7%
−8%−4%0Apr 22May 1report 4:05pm ETearnings+1.8%−1.6%
−8%−4%0Apr 22May 1earnings+1.8%−1.6%
FIX −1.6%S&P 500 +1.8%
−10%−5%0Apr 22May 1report 4:05pm ETearnings+3.4%−1.6%
−10%−5%0Apr 22May 1earnings+3.4%−1.6%
FIX −1.6%NASDAQ +3.4%
−2.69%
Day of report
+3.93%
Next session
+8.16%
One week
+8.17%
30 days

S&P 500 over the same 30 days: +5.12%.

Did FIX Beat Earnings? Q1 2026 Results

Comfort Systems USA (NYSE: FIX) delivered a blowout first quarter for fiscal 2026, posting diluted EPS of $10.51 and beating the <a href="https://247wallst.com/investing/2026/04/23/comfort-systems-usa-fix-q1-2026-earnings-preview-what-wall-street-expects-tonight/">$6.81 Wall Street consensus</a> by 54.44%, extending the company's streak of consensus EPS beats to four consecutive quarters. Revenue climbed 56.5% year-over-year to $2.87 billion, beating estimates of $2.39 billion by 19.74%, with 51% organic growth doing much of the heavy lifting alongside acquisition contributions. The standout driver was a dramatic margin expansion, as operating income surged to $485.72 million from $209.10 million a year ago, pushing operating margin to 17.0% from 11.4%, reflecting strong execution and a project mix increasingly tilted toward large-scale technology and data center work. Backlog reached $12.45 billion at quarter-end, nearly double the $6.89 billion reported a year earlier, and management pointed to persistent demand, robust recent bookings, and strong pipelines as reasons for optimism heading into the next several quarters.

Key Takeaways
  • Organic revenue growth of 51% year-over-year
  • Gross margin expansion to 26.3% from 22.0%
  • Operating leverage with SG&A declining as a percentage of revenue
  • Strong execution across 197 locations in 143 cities
  • Backlog growth to $12.45 billion, with same-store backlog nearly doubling year-over-year
  • Significant improvement in operating cash flow to $388.8 million from negative $88.0 million

“Our growing teams continue to achieve masterful performance across the United States, and their excellence and dedication is delivering unmatched outcomes for our customers and communities. Thanks to these teams, Comfort Systems USA is achieving unprecedented results for our shareholders, including organic revenue growth this quarter of 51% compared to the same quarter of last year, and per share earnings that have more than doubled over the same period. In addition to our record growth and profitability, we achieved more than $375 million of quarterly cash flow.”

Comfort Systems USA CEO, on the earnings call

Forward Guidance & Outlook

Management expressed optimism about prospects for the next several quarters, citing recent bookings, underlying persistent demand, and strong pipelines. Backlog increased to $12.45 billion even with higher burn rates, and same-store backlog nearly doubled year-over-year. All forward-looking comments are based on existing operations and do not include potential future acquisitions.

FIX YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$800.0M$1.6B$2.4B$1.8B$2.9BRevenue$403.4M$754.4MGross Profit$209.1M$485.7MOperating Income$169.3M$370.4MNet Income
$0$800.0M$1.6B$2.4BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.