Filing Flows › Comfort Systems USA (FIX) › Q2 2026
Comfort Systems USA (FIX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Comfort Systems USA (FIX) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +50% from a year earlier and +14% from the quarter before. Operating margin was 17.1%, net earnings $442M (13.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +14% | +50% |
| Gross profit | $844M | +12% | +66% |
| Operating profit | $558M | +15% | +86% |
| Net earnings | $442M | +19% | +91% |
| Operating cash flow | $1.1B | +193% | +351% |
| Free cash flow | $999M | — | +350% |
What changed
Revenue was $3.3B in Q2 2026, up 50% year over year and up 14% from the previous quarter. New Construction was the largest line at 75% of revenue. New Construction added $1.2B year over year (up 95%), 110% of the total change. Existing Building Construction declined 20%.
Gross margin was 25.9%, up 2.4 points from Q2 2025. Operating profit was $0.56B, a 17.1% margin (up 3.3 points year over year). Of the extra revenue versus Q2 2025, 24% reached operating profit, above the 14% margin then. Operating expenses grew 36% against revenue growth of 50%. Net earnings were $0.44B, up 91% year over year. The effective tax rate was 22.0%.
Operating cash flow was $1.1B (up 351% year over year), 258% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.65B. After purchases of property and equipment, net ($0.14B), free cash flow as the company reports it was $1.0B.
Questions
What was Comfort Systems USA's revenue in the second quarter 2026?
Comfort Systems USA (FIX) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +50% from a year earlier and +14% from the quarter before.
Was Comfort Systems USA profitable in the second quarter 2026?
Operating profit was $558M (17.1% of revenue) and net earnings $442M.