Filing Flows › Comfort Systems USA (FIX) › Q2 2026 › vs Q2 2025
Comfort Systems USA (FIX) Q2 2026 vs Q2 2025 (year over year)
Comfort Systems USA's revenue rose $1.1B (+50%) from $2.2B in Q2 2025 to $3.3B in Q2 2026. The biggest changes: New Construction +$1.2B (+95%); Existing Building Construction −$124M (-20%); Service Calls, Maintenance and Monitoring +$20.4M (+13%). Gross margin 25.9% against 23.5% (+2.4 pts).
Comfort Systems USA, Q2 2026: revenue $3.3B (+50% year over year), operating margin 17.1%, net earnings $442M, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 25.9% | 23.5% | +2.4 pts |
| Operating margin | 17.1% | 13.8% | +3.3 pts |
| Net margin | 13.5% | 10.6% | +2.9 pts |
| Free cash flow margin | 30.6% | 10.2% | +20.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| New Construction | $2.5B | $1.3B | $1.2B | +95% |
| Existing Building Construction | $483M | $607M | −$124M | -20% |
| Service Calls, Maintenance and Monitoring | $183M | $163M | $20.4M | +13% |
| Service Projects | $145M | $146M | −$1.5M | -1% |
| Revenue | $3.3B | $2.2B | $1.1B | +50% |
| Gross profit | $844M | $510M | $334M | +66% |
| Cost of revenue | $2.4B | $1.7B | $758M | +46% |
| Operating profit | $558M | $300M | $258M | +86% |
| Operating expenses | $286M | $210M | $76.2M | +36% |
| Pre-tax earnings | $566M | $296M | $270M | +91% |
| Net earnings | $442M | $231M | $211M | +91% |
| Income tax | $125M | $65.6M | $59.0M | +90% |
| Depreciation & amortization | $43.3M | $34.6M | $8.7M | +25% |
| Share-based compensation | $9.2M | $4.2M | $5.0M | +122% |
| Working capital & other | $645M | −$17.2M | $662M | — |
| Operating cash flow | $1.1B | $252M | $887M | +351% |
| Free cash flow (company-reported) | $999M | $222M | $777M | +350% |
| Purchases of property and equipment, net | $140M | $30.3M | $110M | +362% |
Questions
How much did Comfort Systems USA's revenue grow year over year in Q2 2026?
Comfort Systems USA's revenue rose $1.1B (+50%) from $2.2B in Q2 2025 to $3.3B in Q2 2026.
What drove Comfort Systems USA's revenue change in Q2 2026?
New Construction +$1.2B (+95%); Existing Building Construction −$124M (-20%); Service Calls, Maintenance and Monitoring +$20.4M (+13%).