Comfort Systems USA, Inc. (FIX)

Comfort Systems USA Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,632	1,023	522.43	323.4	245.95	143.35
Depreciation & Amortization	167.42	141.96	145.49	81.57	81.35	68.94
Other Amortization	0.93	1.02	0.69	0.69	0.79	0.54
Loss (Gain) From Sale of Assets	-5.73	-1.97	-3.03	-2.3	-1.59	-1.54
Stock-Based Compensation	37.31	21.81	16.65	12.94	10.53	10.59
Provision & Write-off of Bad Debts	7.29	6.61	6.95	4.94	2.67	-1.45
Other Operating Activities	67.5	62.04	52.48	144.87	-68.13	16.67
Change in Accounts Receivable	-1,391	-614.24	-415.31	-374.21	-232.82	-75.32
Change in Inventory	-41.1	-24.41	6.54	-29.69	-13.5	-5.65
Change in Accounts Payable	600.1	-276.05	502.89	136.47	93.11	-5.17
Change in Unearned Revenue	2,038	910.08	32.17	349.17	226.02	53.8
Change in Other Net Operating Assets	-105.73	-63.05	-18.89	-8.27	-42.85	-24.61
Operating Cash Flow	3,007	1,186	849.06	639.57	301.53	180.15
Operating Cash Flow Growth	223.92%	39.73%	32.76%	112.11%	67.38%	-37.12%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-565.53	-154.9	-111.07	-94.84	-48.36	-22.33
Sale of Property, Plant & Equipment	8.77	3.7	5.54	5.95	2.86	3.1
Cash Acquisitions	-413.89	-279.61	-235.47	-102.26	-49.22	-227.49
Investment in Securities	-49.21	-36.45	-2.51	-1.86	-2.46	-
Investing Cash Flow	-1,020	-467.27	-343.51	-193.01	-97.18	-246.72

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	200	182.64	285	555	275
Long-Term Debt Repaid	-	-143.06	-208.58	-512.03	-693.16	-159.5
Net Debt Issued (Repaid)	-125.51	56.94	-25.94	-227.03	-138.16	115.5
Issuance of Common Stock	0.38	0.79	0.18	0.02	1.09	5.63
Repurchase of Common Stock	-457.95	-226.02	-66.83	-25.91	-41.46	-29.42
Common Dividends Paid	-105.54	-68.83	-42.77	-30.38	-20.08	-17.38
Other Financing Activities	-0.95	-50.01	-25.41	-15.32	-7.31	-3.88
Financing Cash Flow	-689.57	-287.13	-160.76	-298.62	-205.92	70.45

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	1,298	431.96	344.79	147.94	-1.56	3.88

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	2,441	1,031	737.99	544.73	253.17	157.82
Free Cash Flow Growth	205.64%	39.77%	35.48%	115.16%	60.42%	-39.85%
Free Cash Flow Margin	19.46%	11.33%	10.50%	10.46%	6.12%	5.13%
Free Cash Flow Per Share	69.27	29.13	20.63	15.18	7.02	4.33
Levered Free Cash Flow	2,129	774.22	836.36	345.19	237.65	97.49
Unlevered Free Cash Flow	2,133	778.83	839.83	350.93	245.21	100.83

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7.9	7.9	6.43	9.86	12.92	6.05
Cash Income Tax Paid	253.55	253.55	102.82	100.25	44.3	52.2
Change in Working Capital	1,100	-67.67	107.4	73.47	29.96	-56.95

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

Data Sources Report a data error