Comfort Systems USA Inc. Reports Impressive Financial Results for Q4 and Full Year 2025

For the quarter ending December 31, 2025, Comfort Systems posted a net income of $330.8 million, translating to $9.37 per diluted share. This is a significant increase from the net income of $145.9 million, or $4.09 per diluted share, recorded in the same quarter of 2024. The company's revenue for Q4 2025 was $2.65 billion, up from $1.87 billion in Q4 2024. Additionally, operating cash flow soared to $468.5 million, compared to $210.5 million in the prior year.

The company reported a substantial increase in backlog, which totaled $11.94 billion as of December 31, 2025. This marks a notable rise from $9.38 billion as of September 30, 2025, and a dramatic increase from $5.99 billion at the end of 2024. On a same-store basis, backlog increased from $5.99 billion to $11.58 billion during the year.

For the twelve months ended December 31, 2025, Comfort Systems reported net income of $1.02 billion or $28.88 per diluted share, significantly up from $522.4 million, or $14.60 per diluted share, in 2024. Revenue surged to $9.10 billion in 2025, compared to $7.03 billion in the prior year. Operating cash flow also experienced robust growth, reaching $1.19 billion, compared to $849.1 million in 2024.

Brian Lane, the Chief Executive Officer of Comfort Systems USA, expressed gratitude for the hard work and dedication of the company’s teams. He emphasized the commitment to delivering outstanding results for customers while creating opportunities for employees and providing essential services to communities. Lane noted, “Quarterly EPS that doubled compared to the same quarter last year reflects our careful discipline and great execution.”

Lane highlighted the unprecedented demand for Comfort Systems’ services, which has led to a record backlog. “We achieved a third consecutive same-store backlog increase that exceeded $1 billion, with backlog growing by more than $2 billion this quarter,” he stated. He expressed optimism regarding the company’s prospects for 2026, pointing to the strength and excellence of the workforce.

Comfort Systems USA will host a webcast and conference call on February 20, 2026, at 10:00 a.m. Central Time to discuss its financial results and future outlook. Interested parties can register for the call through the company’s website.

Comfort Systems USA’s impressive financial results reflect a year of significant growth and operational success. With a robust backlog and strong cash flow, the company is well-positioned for continued success in 2026 and beyond. As demand for its services remains high, Comfort Systems is poised to capitalize on emerging opportunities in the market.