| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.9K | 56.5% |
| Total Income | 2.9K | 56.5% |
| Expenditure | 2.4K | 46.7% |
| PBT | 482.15 | 131.8% |
| Net Profit | 370.38 | 118.8% |
| OPM | 16.95% | 5.53pp |
| NPM | 12.93% | 3.68pp |
| EPS | 10.52 | 120.5% |
Comfort Systems USA Reports Q1 2026 Results: Net Income $370.4 Million
24 Apr 2026 · 24 Apr, 1:35 am
Summary
Comfort Systems USA reported its first quarter 2026 results, with revenue reaching $2.87 billion compared to $1.83 billion in the same quarter of the previous year. Net income for the quarter was $370.4 million, or $10.51 per diluted share, a significant increase from $169.3 million, or $4.75 per diluted share, in 2025. The company's backlog as of March 31, 2026, stood at $12.45 billion. CEO Brian Lane noted the company's unprecedented results for shareholders, including substantial organic revenue growth and increased per-share earnings, and expressed optimism about the prospects for the next several quarters.
Key Highlights
- 1
Revenue for the first quarter of 2026 was $2.87 billion, compared to $1.83 billion in 2025.
- 2
Net income for the quarter ended March 31, 2026, was $370.4 million, or $10.51 per diluted share.
- 3
Operating cash inflows were $388.8 million in the current quarter, compared to operating cash outflows of $88.0 million in 2025.
- 4
Backlog as of March 31, 2026, was $12.45 billion, compared to $6.89 billion as of March 31, 2025.
- 5
Organic revenue growth this quarter was 51% compared to the same quarter of last year.
- 6
Per share earnings have more than doubled over the same period last year.
Management Comments
Brian Lane
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.
Brian Lane
Our capabilities and reputation, combined with robust ongoing demand, resulted in higher backlog even with increased burn rates. Considering recent bookings, underlying persistent demand, and our strong pipelines, we are optimistic about our prospects for the next several quarters.
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