Short answer
Comfort Systems USA (FIX) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.9B (up 56.5% year over year) with net income of $370M.
Q1 2026 key financials · XBRL
- Revenue
- $2.9B
- +56.5% YoY
- Net income
- $370M
- +118.8% YoY
- Operating margin
- 17.0%
- Gross margin
- 26.3%
- EPS (diluted)
- $10.51
- +121.3% YoY
Source: XBRL data from the Comfort Systems USA (FIX) Q1 2026 10-Q on SEC EDGAR. USD.
Comfort Systems USA Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.865B, up 56.5% YoY from $1.831B
- Net income $370.4M, 12.9% margin vs 9.2% YoY
- Electrical revenue $804.7M, up 87.5% YoY; mechanical revenue $2.061B, up 47.0%
- Operating cash flow $388.8M vs $(88.0)M YoY; free cash flow $242.2M vs $(109.1)M
- 2026 outlook: high demand and solid earnings; labor costs and supply-chain delays persist
Risk Factors
- No risk-factors section provided; submitted text covers Items 2, 5, and 6
- Share-repurchase liquidity risk: $2.5 million spent on fewer than 0.1 million shares
- Capital-allocation risk: 876,757 shares remained authorized for repurchase at March 31, 2026
- Compensation-compliance change: PSU awards shifted from target dollar values to specific share counts effective March 23, 2026
- Trading-compliance status: no directors or officers adopted or terminated Rule 10b5-1 arrangements during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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