COMFORT SYSTEMS USA INC（FIX）の決算・業績分析
COMFORT SYSTEMS USA INCの2025年有価証券報告書をAI分析。売上高$9.1B(+29.5%)。営業利益$1.3B。Industrials。
目次
COMFORT SYSTEMS USA INCの2025年度 業績サマリー
COMFORT SYSTEMS USA INC（証券コード: FIX）の2025年度決算・業績分析。売上高は$9.1B（前年比+29.5%）。営業利益は$1.3B（前年比+75.4%）。純利益は$1.0B（前年比+95.7%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
COMFORT SYSTEMS USA INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $4.1B (+34.7% YoY) with net income jumping 71.6% YoY to $246M (XBRL).
- ROE reached 30.5% (XBRL), driven by strong profitability and efficient capital structure.
- Net debt stood at -$166M (-0.6x EBITDA) with $205M in cash (XBRL), reflecting robust liquidity.
COMFORT SYSTEMS USA INCの売上高変化の要因
- •Revenue grew 34.7% YoY to $4.1B, with 5-year CAGR of 14.8% (XBRL). Mechanical Services (78.7% of revenue) and Electrical Services (21.3%) drove growth. Historical data shows revenue expanding from $2.6B (2020) to $4.1B (2024), with a projected $5.2B in 2025 (XBRL). Growth is attributed to strong demand for energy-efficient systems and project execution capabilities (10-K).
COMFORT SYSTEMS USA INCの営業利益変化の要因
- •Gross margin improved to 17.9% (XBRL), with operating margin at 6.1% and net margin at 5.9%. Operating income rose 34.7% YoY to $254M (XBRL), aligning with revenue growth. EBITDA of $287M (6.9% of revenue) and net income of $246M (+71.6% YoY) reflect improved cost control and operational efficiency (XBRL).
COMFORT SYSTEMS USA INCの事業リスクと対応
Economic downturns could reduce construction activity, impacting revenue and profit (10-K).
Cost overruns from inaccurate estimates may reduce profits or cause losses (10-K).
Backlog adjustments or cancellations could lower actual revenue or profitability (10-K).
Inflation and supply chain disruptions may increase costs (10-K).
Government spending cuts pose risk to 5.4% of FY2024 revenue ($226M) (10-K).
COMFORT SYSTEMS USA INCの事業内容
COMFORT SYSTEMS USA INC provides mechanical and electrical contracting services, generating revenue through installation (56.7% of 2024 revenue) and renovation/maintenance (43.3%) for commercial, industrial, institutional, and multi-family residential projects (10-K). Mechanical Services (78.7% of revenue) include HVAC, plumbing, piping, and controls, while Electrical Services (21.3%) focus on electrical system installation and servicing (10-K). The company leverages design and BIM technologies to optimize energy use and reduce waste, creating a competitive edge (10-K). No significant customer concentration is reported (10-K).
COMFORT SYSTEMS USA INCのAI業績分析レポート（2024年度）
Annual Report Analysis: COMFORT SYSTEMS USA INC (FIX) FY2024
Highlights
Business Overview
COMFORT SYSTEMS USA INC provides mechanical and electrical contracting services, generating revenue through installation (56.7% of 2024 revenue) and renovation/maintenance (43.3%) for commercial, industrial, institutional, and multi-family residential projects (10-K). Mechanical Services (78.7% of revenue) include HVAC, plumbing, piping, and controls, while Electrical Services (21.3%) focus on electrical system installation and servicing (10-K). The company leverages design and BIM technologies to optimize energy use and reduce waste, creating a competitive edge (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue grew 34.7% YoY to $4.1B, with 5-year CAGR of 14.8% (XBRL). Mechanical Services (78.7% of revenue) and Electrical Services (21.3%) drove growth. Historical data shows revenue expanding from $2.6B (2020) to $4.1B (2024), with a projected $5.2B in 2025 (XBRL). Growth is attributed to strong demand for energy-efficient systems and project execution capabilities (10-K).
Profitability Analysis
Gross margin improved to 17.9% (XBRL), with operating margin at 6.1% and net margin at 5.9%. Operating income rose 34.7% YoY to $254M (XBRL), aligning with revenue growth. EBITDA of $287M (6.9% of revenue) and net income of $246M (+71.6% YoY) reflect improved cost control and operational efficiency (XBRL).
Balance Sheet Analysis
Total assets grew to $3.3B (XBRL), with equity at $806M (24.4% equity ratio). Long-term debt is $39M (XBRL), resulting in net debt of -$166M (-0.6x EBITDA). Current ratio of 1.11x (XBRL) indicates moderate liquidity. ROA of 7.4% and ROIC of 12.3% (XBRL) highlight asset and capital efficiency.
Cash Flow Analysis
Operating cash flow reached $302M (XBRL), with free cash flow of $253M after $48M in CapEx. Investing cash flow was -$97M (XBRL), while financing cash flow was -$206M, including $20M in dividends and $38M in share repurchases (XBRL). CapEx intensity of 1.2% (XBRL) suggests disciplined capital allocation.
Working Capital Analysis
N/A — No data on receivables, inventory, or payables days is available in the provided data (XBRL).
Risks
Outlook
N/A — Management guidance or forward-looking trends are not explicitly mentioned in the 10-K or XBRL data.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 2.6B | 2.6B | 2.9B | 3.1B | 4.1B | 5.2B |
| Operating Income | 150M | 164M | 191M | 188M | 254M | 418M |
| Net Income | 113M | 114M | 150M | 143M | 246M | 323M |
| Total Assets | 1.5B | 1.8B | 2.2B | 2.6B | 3.3B | 4.7B |
| Total Equity | 418M | 498M | 585M | 696M | 806M | 1000M |
| Operating Cash Flow | 147M | 142M | 287M | 180M | 302M | 640M |
Industrialsの企業一覧
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