Q3 25 EPS
$8.25
BEAT +31.26%
Est. $6.29
Q3 25 Revenue
$2.45B
BEAT +13.58%
Est. $2.16B
vs S&P Since Q3 25
+87.0%
BEATING MARKET
FIX +93.4% vs S&P +6.4%
Market Reaction
Did FIX Beat Earnings? Q3 2025 Results
Comfort Systems USA delivered a blowout third quarter, posting earnings of $8.25 per diluted share, a 31.26% beat against the $6.29 consensus estimate, while revenue of $2.45 billion topped expectations by 13.58% and climbed 35.2% from the year-ago p… Read more Comfort Systems USA delivered a blowout third quarter, posting earnings of $8.25 per diluted share, a 31.26% beat against the $6.29 consensus estimate, while revenue of $2.45 billion topped expectations by 13.58% and climbed 35.2% from the year-ago period. The standout result was fueled by strong execution across the company's HVAC and electrical contracting operations, with gross margins expanding sharply to 24.8% from 21.1% a year earlier and net income nearly doubling to $291.62 million. A record backlog of $9.38 billion, up from $5.68 billion a year prior, underscored the momentum, with same-store backlog rising by more than $1 billion for the second consecutive quarter, reflecting what CEO Brian Lane called unprecedented demand for the company's services. The company's growing investment in volumetric modular construction has been a key enabler of this scale. Management raised the quarterly dividend to $0.60 per share and expressed confidence in Q4 2025 and 2026, backed by two newly closed electrical contractor acquisitions expected to contribute over $200 million in incremental annual revenue.
Key Takeaways
- • Great ongoing execution and favorable developments in certain late-stage projects
- • Unprecedented demand for services driving backlog growth
- • Gross profit margin expansion to 24.8% from 21.1% year-over-year
- • Operating leverage with SG&A declining to 9.4% of revenue from 9.9%
- • Record quarterly operating cash flow of $553.3 million
FIX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“Our teams across the country continue to set a new standard, delivering excellent results for our customers, and again achieving record financial results. Great ongoing execution and favorable developments in certain late-stage projects delivered third quarter EPS that doubles our same quarter last year. In addition to increased revenue and earnings, we are also reporting remarkable quarterly cash flow of over $550 million.”
— Brian Lane, Q3 2025 Earnings Press Release
FIX Earnings Trends
FIX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FIX EPS Trend
Earnings per share: estimate vs actual
FIX Revenue Trend
Quarterly revenue: estimate vs actual
FIX Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $10.51 | — | $2.87B | +19.74% |
| Q4 25 BEAT FY | $6.73 | $9.37 | +39.23% | $2.65B | +13.23% |
| FY Full Year | $26.27 | $28.88 | +9.95% | $9.10B | +3.52% |
| Q3 25 BEAT | $6.29 | $8.25 | +31.26% | $2.45B | +13.58% |
| Q2 25 BEAT | $4.84 | $6.53 | +35.05% | $2.17B | +10.31% |
| Q1 25 BEAT | $3.71 | $4.75 | +28.12% | $1.83B | +3.69% |