Credit and interest ratespositive · 5 filings
“As a result of the amendment, $ 0.3 million of unamortized costs associated with lenders who exited the Facility were written off to interest expense in the third quarter of 2025.”10-Q · Jul 23, 2026 ↗
Comfort Systems USA, Inc.
FIX
Market read
Comfort Systems USA, Inc.'s move is spreading beyond its market group.
No new filing conclusion is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 2 directly disclosed connections are confirming.
Company+4.8% todayVolume comparison unavailable
Market group17 of 24 activeSemiconductor Manufacturing · active
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 16 of 24 members remain active in the next snapshot.
- MPWR remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 8 of 24 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 2 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 16 of 24 members remain active in the next snapshot.
- MPWR remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations616
Usable filing statements161
Verified relationships3
Evidence supporting the case
- Latest annual revenue changed +29.5% year over year.
- Operating margin changed +3.8 percentage points in the latest annual period.
- Net margin changed +3.8 percentage points in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 114% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 279% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 1, 2026
1,685.416m+18.0%12m+104.2%24m+324.5%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.1B+7.6%$3.93-0.8%
2022-12-31$4.1B+34.7%$6.82-1.1%
2023-12-31$5.2B+25.8%$9.01-0.4%
2024-12-31$7.0B+35.0%$14.60-0.3%
2025-12-31$9.1B+29.5%$28.88-1.0%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 5 filings
“The sequential backlog increase was partially offset by completion of project work in the technology sector at one of our North Carolina operations ($118.5 million).”10-Q · Jul 23, 2026 ↗
Capital investment and capacitymixed · 4 filings
“This decrease was partially offset by an increase in debt payments in the current year compared to the same period in 2025.”10-Q · Jul 23, 2026 ↗
Pricing and mixmixed · 2 filings
“We believe that the relative size and strength of our Balance Sheet and surety relationships, as compared to most companies in our industry, represent competitive advantages for us.”10-Q · Jul 23, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 6.6× · EV/sales 6.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
1,734.77+4.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FIX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FIX. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FIX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MATWMatthews International CorporationpartnerJul 24, 2025 ▾
“Right Way is included in our mechanical segment.”
Depended on by
LGNLegence Corp.competitorMar 30, 2026 ▾
“National competitors of our Installation & Maintenance segment include Comfort Systems USA, Inc., ACCO Engineered Systems, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FIX is currently a Participant in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.