What Comfort Systems USA's latest 10-Q says: 3 signals
Comfort Systems USA filed its latest 10-Q with the SEC on Jul 23, 2026. It discusses backlog growth, capex increase and market expansion.
Public (FIX)Building Construction5,001 to 10,000 employeescomfortsystemsusa.comLinkedIn
- Filed
- Jul 23, 2026
- Filings
- 2
- Signals
- 6
10-Q · latest 6
What Comfort Systems USA's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 3 signals
Backlog proxy (billings in excess of costs) grew by over $1.1B in H1 2026.
This massive $1.1 billion increase in deferred revenue and excess billings signals a surge in demand and a robust project pipeline.
$1.1B
Increase in 'Billings in excess of costs and estimated earnings and deferred revenue' during the six months ended June 30, 2026.
Invested over $265M in property and equipment in the first half of 2026.
The company's net property and equipment increased by $265.9 million in just six months, a 68% increase.
$265.9M
Increase in net property and equipment in H1 2026.
68%
Increase in net property and equipment in H1 2026.
Comfort Systems details strategic focus on Technology, Manufacturing, and Healthcare sectors.
The company is strategically targeting projects in high-growth, complex sectors including technology, manufacturing, and healthcare.
- SEC EDGAR
10-Q
Filed · 3 signals
CapEx surged 564% YoY to $147.5M in Q1 2026, signaling major investments
The company's purchases of property and equipment increased dramatically from $22.2M in Q1 2025 to $147.5M in Q1 2026.
$147.5M
Purchases of property and equipment for the three months ended March 31, 2026
564%
Year-over-year increase in capital expenditures
Comfort Systems paid $6.1M for acquisitions in Q1 2026, continuing its growth-by-acquisition strategy.
$6.1M
Cash paid for acquisitions, net of cash acquired in Q1 2026
Managing $82.8M in letters of credit with $64.1M expiring in 2026
The company relies on significant letters of credit ($82.8M) and surety bonds to secure projects, with a large portion expiring this year.
$64.1M
Value of letter of credit commitments expiring in 2026
Earnings calls
Comfort Systems USA earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Reports record-breaking quarter with EPS doubling and 33% revenue growth.The company is experiencing unprecedented financial performance, generating massive free cash flow ($519M in Q3) and indicating significant budget availability for new projects, technology, and operational support. | |
| Holding record net cash, prioritizing acquisitions and strategic investments.With a net cash position of $725 million and massive free cash flow, the company has significant budget to deploy. Their stated priority is M&A, but this massive war chest indicates a strong capacity for any strategic projects that support their growth. | |
| Backlog grew 65% YoY to a record $9.4 billion, creating execution pressure.The massive $3.7 billion year-over-year increase in backlog puts immense pressure on the company's ability to execute projects on time and on budget. This creates a strong need for project management, supply chain logistics, and productivity solutions to de-risk execution on this historic volume of work. | |
| Planning further investments in modular capacity expansion in 2026.Due to strong demand that has already sold out its planned 3 million sq ft of modular space, the company is actively considering additional capital expenditures for facility and equipment expansion next year, creating opportunities for industrial suppliers. | |
| Leadership confirms capital allocation strategy prioritizes growth investments.The C-suite has a clear, long-standing strategy to deploy its significant cash flow into growth initiatives like M&A and share buybacks, signaling a receptive environment for strategic vendor partnerships that can support this growth. | |
| Acquired two electrical contractors, triggering integration and vendor reviews.The recent acquisition of FZ Electrical and Meisner Electric introduces new teams, systems, and leadership into the Comfort Systems USA family. Such events often trigger reviews of existing vendors and create opportunities for new solutions to standardize processes and integrate the new entities. |
Signal API · MCP
Track Comfort Systems USA with the Signal API
One POST /v1/companies/enrich call with comfortsystemsusa.com returns Comfort Systems USA 10-Q signals (sec-10q), each with its source. Or ask Claude through MCP.
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"comfortsystemsusa.com","signal_types":["sec-10q"],"limit":20}'Same industry
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .