• Reported GAAP EPS of $9.38 up 128.78% YoY • Reported revenue of $2.65B up 41.67% YoY • Comfort Systems USA anticipates high ongoing demand and solid earnings in 2026, with supportive industry conditions expected to continue, particularly for industrial and technology customers.
Bullish
Comfort Systems USA achieved significant revenue and gross profit growth in 2025, supported by a near-doubling of its backlog and strategic acquisitions, particularly in the technology sector.
Bearish
Comfort Systems USA faces risks from cyclical construction demand, potential cost overruns on fixed-price contracts, and challenges in maintaining sufficient surety bonding capacity for future projects.