Comfort Systems USA (DE:9CF)
NYSE:9CF
Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
9.03Last Year’s EPS
5.66Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented robust top-line and profitability gains: 56% revenue growth, record $12.5B backlog, materially expanded margins and doubled EPS. Management highlighted sustained strong demand (especially data centers), strategic modular investments, a small tuck-in acquisition, and a dividend increase. The main concerns are supply-side constraints (labor and capacity), elevated CapEx commitments for modular expansion, a $43M one-time project benefit, and a higher tax rate. Overall, positive operational momentum and financial performance outweigh the manageable risks and one-time items.Company Guidance
Strong Revenue Growth
First quarter revenue of $2.9 billion, up 56% year-over-year. Same-store revenue grew 51% (an increase of $943 million).
Record Backlog and Bookings
Record backlog of $12.5 billion at quarter end, a same-store year-over-year increase of $5.3 billion; total backlog entering Q2 is $5 billion higher than one year ago. Book-to-bill of ~1.2 in Q1 with several prior quarters of strong book-to-bill.
Outstanding Profitability and Margins
Gross profit of $754 million (up $351 million YoY). Company gross margin 26.3% vs 22.0% prior year (≈+430 basis points). Mechanical gross margin 26.9% vs 21.7% (+520 bps); Electrical margin 24.9% vs 23.0% (+190 bps).
Double-Digit Earnings and EBITDA Expansion
Net income of $370 million, EPS $10.51 vs $169 million and $4.75 in Q1 2025 (EPS more than doubled). EBITDA rose 116% to $524 million; trailing 12-month EBITDA $1.74 billion.
Operating Income and SG&A Leverage
Operating income increased 132% to $486 million (operating margin rose from 11.4% to 17.0%). SG&A was $269 million vs $195 million prior year, but SG&A as a percent of revenue improved to 9.4% from 10.6%.
Positive Cash Flow and Capital Investment
Free cash flow of +$242 million in the quarter. Capital expenditures of $147 million (5.1% of revenue) driven by modular investments; company expects full-year CapEx near ~5% of revenue.
Strategic Acquisition to Expand Electrical Footprint
Signed definitive agreement to acquire a skilled electrical contractor expected to initially contribute roughly $250 million of annualized revenue with EBITDA margins in the 8%–10% range; transaction expected to close early May (subject to regulatory approval).
Dividend Increase
Quarterly dividend increased by $0.10 to $0.80 per share, reflecting commitment to returning capital while maintaining balance sheet strength.
Modular and Technology Market Leadership
Modular revenue represented 17% of total revenue. Company on track for 4 million square feet of modular capacity by end of 2026. Advanced technology (dominated by data center work) composed 56% of revenue and remains the largest pipeline/backlog driver.
Service Growth and Profitability
Service revenue up 8% year-over-year and now represents 10% of total revenue. Management highlighted service profitability as strong and a reliable source of profit and cash flow.
Geographic and End-Market Diversification
Revenue mix led by industrial sector (75% of volume), institutional markets 17%, commercial ~8%; construction accounted for 90% of revenue (new building 75%). Data center demand strong across multiple regions including Texas, Mid-Atlantic, Carolinas and Virginia.
DE:9CF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:9CF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | €1522.40 | €1484.41 | -2.50% |
Feb 20, 2026 | €1210.88 | €1195.89 | -1.24% |
Oct 28, 2025 | €831.21 | €870.15 | +4.68% |
Jul 29, 2025 | €599.65 | €589.67 | -1.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Comfort Systems USA (DE:9CF) report earnings?
Comfort Systems USA (DE:9CF) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Comfort Systems USA (DE:9CF) earnings time?
Comfort Systems USA (DE:9CF) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Comfort Systems USA stock?
The P/E ratio of Comfort Systems is N/A.
What is DE:9CF EPS forecast?
DE:9CF EPS forecast for the fiscal quarter 2026 (Q2) is 9.03.