(FIX) Comfort Systems USA - Overview
Stock: HVAC, Plumbing, Electrical, Fire Protection, Monitoring
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.37% |
| Yield on Cost 5y | 3.08% |
| Yield CAGR 5y | 41.97% |
| Payout Consistency | 99.5% |
| Payout Ratio | 10.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 55.2% |
| Relative Tail Risk | -15.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.94 |
| Alpha | 153.72 |
| Character TTM | |
|---|---|
| Beta | 1.684 |
| Beta Downside | 1.323 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.05% |
| CAGR/Max DD | 2.60 |
Description: FIX Comfort Systems USA December 17, 2025
Comfort Systems USA, Inc. (NYSE: FIX) delivers end-to-end mechanical and electrical (MEP) services across the United States, covering new-build design, installation, start-up, and ongoing renovation, maintenance, and remote monitoring of HVAC, plumbing, electrical, fire-protection, and control systems.
The business is split into Mechanical and Electrical segments, serving commercial, industrial, and institutional clients such as building owners, developers, general contractors, architects, and property managers. Its service portfolio includes off-site construction, energy-usage monitoring, and integrated building-systems solutions.
Key operating metrics (FY 2023) show revenue of roughly $1.3 billion, an operating margin near 7 %, and a backlog of about $1.5 billion, indicating a solid pipeline despite a tight labor market. The segment’s growth is closely tied to macro-level drivers like U.S. commercial construction spending (which rose ~4 % YoY in 2023) and the accelerating demand for energy-efficiency retrofits spurred by ESG regulations.
Given the sector’s exposure to interest-rate-sensitive construction activity and ongoing shortages of skilled MEP tradespeople, any deviation in those fundamentals could materially affect FIX’s earnings visibility.
For a deeper quantitative view of FIX’s valuation metrics, the ValueRay platform offers a concise dashboard worth a look.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 837.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -2.40 > 1.0 |
| NWC/Revenue: 8.07% < 20% (prev 1.65%; Δ 6.41% < -1%) |
| CFO/TA 0.16 > 3% & CFO 928.3m > Net Income 837.6m |
| Net Debt (-436.8m) to EBITDA (1.22b): -0.36 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.4m) vs 12m ago -1.09% < -2% |
| Gross Margin: 23.49% > 18% (prev 0.20%; Δ 2328 % > 0.5%) |
| Asset Turnover: 163.4% > 50% (prev 147.7%; Δ 15.66% > 0%) |
| Interest Coverage Ratio: 137.3 > 6 (EBITDA TTM 1.22b / Interest Expense TTM 7.77m) |
Altman Z'' 4.12
| A: 0.12 (Total Current Assets 3.70b - Total Current Liabilities 3.03b) / Total Assets 5.78b |
| B: 0.39 (Retained Earnings 2.27b / Total Assets 5.78b) |
| C: 0.21 (EBIT TTM 1.07b / Avg Total Assets 5.10b) |
| D: 0.64 (Book Value of Equity 2.27b / Total Liabilities 3.54b) |
| Altman-Z'' Score: 4.12 = AA |
Beneish M -3.05
| DSRI: 1.04 (Receivables 2.70b/2.03b, Revenue 8.32b/6.52b) |
| GMI: 0.86 (GM 23.49% / 20.29%) |
| AQI: 0.80 (AQ_t 0.25 / AQ_t-1 0.32) |
| SGI: 1.28 (Revenue 8.32b / 6.52b) |
| TATA: -0.02 (NI 837.6m - CFO 928.3m) / TA 5.78b) |
| Beneish M-Score: -3.05 (Cap -4..+1) = AA |
What is the price of FIX shares?
Over the past week, the price has changed by +7.72%, over one month by +18.85%, over three months by +28.53% and over the past year by +162.82%.
Is FIX a buy, sell or hold?
- StrongBuy: 6
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FIX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1192.2 | -3.1% |
| Analysts Target Price | 1192.2 | -3.1% |
| ValueRay Target Price | 1835.3 | 49.2% |
FIX Fundamental Data Overview February 07, 2026
P/E Forward = 37.3134
P/S = 4.8661
P/B = 17.6852
P/EG = 2.06
Revenue TTM = 8.32b USD
EBIT TTM = 1.07b USD
EBITDA TTM = 1.22b USD
Long Term Debt = 131.3m USD (from longTermDebt, last quarter)
Short Term Debt = 34.4m USD (from shortTermDebt, last quarter)
Debt = 423.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -436.8m USD (from netDebt column, last quarter)
Enterprise Value = 40.07b USD (40.50b + Debt 423.7m - CCE 860.5m)
Interest Coverage Ratio = 137.3 (Ebit TTM 1.07b / Interest Expense TTM 7.77m)
EV/FCF = 50.16x (Enterprise Value 40.07b / FCF TTM 798.8m)
FCF Yield = 1.99% (FCF TTM 798.8m / Enterprise Value 40.07b)
FCF Margin = 9.60% (FCF TTM 798.8m / Revenue TTM 8.32b)
Net Margin = 10.06% (Net Income TTM 837.6m / Revenue TTM 8.32b)
Gross Margin = 23.49% ((Revenue TTM 8.32b - Cost of Revenue TTM 6.37b) / Revenue TTM)
Gross Margin QoQ = 24.80% (prev 23.46%)
Tobins Q-Ratio = 6.93 (Enterprise Value 40.07b / Total Assets 5.78b)
Interest Expense / Debt = 0.70% (Interest Expense 2.97m / Debt 423.7m)
Taxrate = 21.28% (78.8m / 370.5m)
NOPAT = 840.0m (EBIT 1.07b * (1 - 21.28%))
Current Ratio = 1.22 (Total Current Assets 3.70b / Total Current Liabilities 3.03b)
Debt / Equity = 0.19 (Debt 423.7m / totalStockholderEquity, last quarter 2.23b)
Debt / EBITDA = -0.36 (Net Debt -436.8m / EBITDA 1.22b)
Debt / FCF = -0.55 (Net Debt -436.8m / FCF TTM 798.8m)
Total Stockholder Equity = 1.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.44% (Net Income 837.6m / Total Assets 5.78b)
RoE = 43.59% (Net Income TTM 837.6m / Total Stockholder Equity 1.92b)
RoCE = 51.98% (EBIT 1.07b / Capital Employed (Equity 1.92b + L.T.Debt 131.3m))
RoIC = 41.84% (NOPAT 840.0m / Invested Capital 2.01b)
WACC = 12.00% (E(40.50b)/V(40.93b) * Re(12.12%) + D(423.7m)/V(40.93b) * Rd(0.70%) * (1-Tc(0.21)))
Discount Rate = 12.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.68%
[DCF Debug] Terminal Value 69.38% ; FCFF base≈765.7m ; Y1≈944.5m ; Y5≈1.61b
Fair Price DCF = 434.1 (EV 14.88b - Net Debt -436.8m = Equity 15.31b / Shares 35.3m; r=12.00% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 45.09 | EPS CAGR: -32.93% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.87 | Revenue CAGR: 32.38% | SUE: 4.0 | # QB: 4
EPS next Quarter (2026-03-31): EPS=5.87 | Chg30d=+0.027 | Revisions Net=+4 | Analysts=7
EPS next Year (2026-12-31): EPS=30.87 | Chg30d=+0.080 | Revisions Net=-1 | Growth EPS=+17.5% | Growth Revenue=+15.7%