Short answer
Comfort Systems USA (FIX) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.5B (up 35.2% year over year) with net income of $292M.
Q3 2025 key financials · XBRL
- Revenue
- $2.5B
- +35.2% YoY · +12.8% QoQ
- Net income
- $292M
- +99.4% YoY · +26.3% QoQ
- Operating margin
- 15.5%
- Gross margin
- 24.8%
- EPS (diluted)
- $8.24
- +101.5% YoY · +26.2% QoQ
Source: XBRL data from the Comfort Systems USA (FIX) Q3 2025 10-Q on SEC EDGAR. USD.
Comfort Systems USA Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.45B Q3 2025, up 35.2% YoY ($638.6M); Mechanical up 25.8% ($371.8M), Electrical up 71.4% ($266.8M)
- Gross margin 24.8% Q3 2025 vs 21.1% Q3 2024; Operating margin 15.5% vs 11.2% YoY
- Electrical segment best performer: revenue +71.4% YoY to $640.5M; Mechanical segment weakest by growth: revenue +25.8% YoY to $1.81B
- Operating cash flow $717.8M YTD 2025, up $79.2M YoY; Free cash flow $632.2M YTD; Capital expenditures $88.8M YTD
- Backlog $9.38B as of Sep 30, 2025, up 65.1% YoY; management expects continued strong demand, especially manufacturing and technology sectors despite labor cost and supply chain pressures through 2025 and 2026
Risk Factors
- No new or materially changed risk factors since 2024 10-K reported
- Regulatory/legal risk: potential unidentified future risks could materially impact business or financial condition
- Operational risk: unknown or presently immaterial risks may adversely affect future results
- Financial risk: no updates on liquidity, debt, or currency exposure since last annual filing
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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