Comfort Systems USA, Inc. Earnings Recaps
Q3 2025
Oct 24, 2025
Comfort Systems USA reported outstanding third quarter results with EPS doubling year-over-year to $8.25, driven by robust construction demand and strategic acquisitions.
Key takeaways
- Revenue increased 35% year-over-year to $2.5 billion, primarily fueled by a 71% growth in the electrical segment.
- Record backlog reached $9.4 billion, reflecting a 65% increase compared to the same time last year.
- EBITDA surged by 74% to $414 million, marking the highest quarterly EBITDA in company history.
- Quarterly dividend raised by 20% to $0.60 per share, reinforcing commitment to returning capital to shareholders.
- Recent acquisitions of FZ Electrical and Meisner Electric expected to generate an additional $200 million in annual revenue and $15 million to $20 million in EBITDA.