| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.8K | 15.3% | 53.7% |
| Total Income | 3.8K | 15.3% | 53.7% |
| Expenditure | 3.1K | 16.0% | 51.6% |
| PBT | 635.06 | 12.2% | 71.4% |
| Net Profit | 489.04 | 10.7% | 67.7% |
| OPM | 16.58% | 0.50pp | 1.12pp |
| NPM | 12.98% | 0.54pp | 1.09pp |
| EPS | 13.93 | 11.1% | 68.6% |
Comfort Systems USA Reports Strong Third Quarter 2026 Results with Significant Revenue and Earnings Growth
23 Oct 2026 · 23 Oct, 1:42 am
Summary
Comfort Systems USA reported exceptional third quarter 2026 financial results, with revenue increasing by 50% year-over-year to $3.77 billion and net income soaring by 68% to $489.0 million ($13.91 per diluted share). The company also achieved a remarkable operating cash flow of $1.01 billion for the quarter. Management highlighted strong ongoing demand and excellent team execution as drivers for these extraordinary results, noting a 70% jump in per share earnings. The backlog remains robust at $17.81 billion, and management expressed confidence in continued organic growth, high profitability, and solid cash flow through year-end and into 2027.
Key Highlights
- 1
Comfort Systems USA reported a 50% increase in revenue for the third quarter of 2026, reaching $3.77 billion compared to $2.45 billion in the prior year period.
- 2
Net income for the third quarter of 2026 surged by 68% to $489.0 million, or $13.91 per diluted share, up from $291.6 million, or $8.25 per diluted share, in the same quarter of 2025.
- 3
Operating cash flow for the third quarter of 2026 exceeded $1 billion, reaching $1.01 billion, a substantial increase from $553.3 million in the prior year quarter.
- 4
Backlog as of September 30, 2026, stood at $17.81 billion, an increase from $9.38 billion as of September 30, 2025, indicating strong future demand.
- 5
For the nine months ended September 30, 2026, revenue was $9.90 billion, a significant increase from $6.46 billion in the same period of 2025.
- 6
Net income for the nine months ended September 30, 2026, was $1.30 billion, or $36.94 per diluted share, compared to $691.8 million, or $19.52 per diluted share, in 2025.
- 7
The company declared a quarterly dividend of $1.00 per share, an increase from the previous dividend of $0.90 per share.
Management Comments
Brian Lane
Strong ongoing demand and consistent excellence by our teams resulted in extraordinary results across every metric this quarter. As compared to the same quarter last year, Comfort Systems USA is reporting a 50% increase in revenue and a 70% jump in per share earnings. We also achieved remarkable cash flow exceeding $1 billion in a single quarter. Our teams continue their superb execution, providing great outcomes for our customers and communities. Relentless demand, together with our competence and reputation, produced sequential backlog growth of $3.8 billion, and a year over year backlog increase exceeding $8.0 billion. We continue to experience robust demand, and thanks to the dedication and excellence of our workforce, we believe that through year end and for 2027 we are well-positioned to grow organically, and to maintain high levels of profitability and solid ongoing cash flow.
Informational and educational content only. Not investment advice.