Comfort Systems Q2 2026: revenue up 50.3%, EPS $12.53, record cash
Comfort Systems delivered a blowout second quarter: revenue of $3.27 billion (up 50.3%), EPS of $12.53 (up 91.9% and 18.7% above the $10.56 consensus) and roughly $1.00 billion of free cash flow. Gross margin improved to 25.9%, the balance sheet is nearly debt-free, and backlog reached $14.06 billion. The catch: no numeric guidance, so backlog carries the forward-looking weight. View is Bullish.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $12.53 was up 91.9% from $6.53 and came in about 18.7% above the $10.56 consensus estimate. Net income of $441.6 million was 13.5% of revenue, versus 10.6% a year ago, and adjusted EBITDA reached $600.5 million, or 18.4% of revenue. For a contractor with modest capital needs, that drop-through is the entire story of the quarter.
Revenue was $3.27 billion, up 50.3% from $2.17 billion a year earlier — by far the biggest year-over-year jump in the quarters shown here. Better still, gross margin rose to 25.9% from 23.5%, so the growth came with improved economics rather than discounting. SG&A fell to 8.8% of revenue from 9.7%, which means more of every sales dollar reached the bottom line.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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