| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.3K | 14.0% | 50.3% |
| Total Income | 3.3K | 14.0% | 50.3% |
| Expenditure | 2.7K | 13.8% | 44.5% |
| PBT | 566.24 | 17.4% | 91.0% |
| Net Profit | 441.60 | 19.2% | 91.3% |
| OPM | 17.09% | 0.13pp | 3.29pp |
| NPM | 13.52% | 0.60pp | 2.90pp |
| EPS | 12.54 | 19.2% | 91.7% |
Comfort Systems USA Reports Strong Q2 2026 Results with Significant Growth
24 Jul 2026 · 24 Jul, 1:38 am
Summary
Comfort Systems USA reported robust financial results for the second quarter of 2026, with revenue increasing by 50% year-over-year to $3.27 billion. Net income more than doubled to $441.6 million, or $12.53 per diluted share, driven by strong execution and market demand. The company also saw a significant increase in operating cash flow to $1.14 billion and a backlog of $14.06 billion. Management expressed optimism for the remainder of 2026 and into 2027, citing strong ongoing demand and the company's capabilities.
Key Highlights
- 1
Comfort Systems USA reported a 50% increase in revenue for the second quarter of 2026, reaching $3.27 billion compared to $2.17 billion in the prior year.
- 2
Net income for the second quarter of 2026 surged to $441.6 million, or $12.53 per diluted share, a substantial increase from $230.8 million, or $6.53 per diluted share, in the second quarter of 2025.
- 3
Operating cash flow in the current quarter was $1.14 billion, a significant rise from $252.5 million in the same quarter of 2025.
- 4
The company's backlog as of June 30, 2026, stood at $14.06 billion, an increase from $8.12 billion as of June 30, 2025.
- 5
For the six months ended June 30, 2026, revenue was $6.13 billion, up from $4.00 billion in the prior year, with net income reported at $812.0 million compared to $400.1 million.
- 6
Adjusted EBITDA for the second quarter of 2026 was $600.5 million, representing an 18.4% margin, compared to $334.1 million, or a 15.4% margin, in the prior year.
- 7
The quarterly dividend was increased to $0.90 per share, up from $0.450 per share in the prior year's comparable quarter.
Management Comments
Brian Lane
Our people continued their unmatched execution in markets across the country, achieving great outcomes for our customers and communities every day. Their continued excellence produced record results in virtually every aspect of our overall business. As compared to the same quarter last year, Comfort Systems USA is reporting a 50% increase in revenue, a 92% increase in per share earnings, and remarkable and completely unprecedented quarterly cash flow of more than $1 billion. Strong ongoing demand together with our capabilities and reputation produced solid sequential and year over year backlog growth. We are grateful for the hard work and amazing performance of our teams. Our excellent workforce, combined with our strong pipelines make us optimistic about our results for the remainder of 2026 and well into 2027.
Informational and educational content only. Not investment advice.