Comfort Systems USA stock rose 2.0% following the company's fourth-quarter 2025 earnings announcement. The company reported record results including quarterly earnings per share of $9.37, up 129% year-over-year, and fourth-quarter revenue of $2.6 billion, up 42% year-over-year. Full-year 2025 revenue exceeded $9 billion, up 30% from 2024. The company achieved a record backlog of $11.9 billion, nearly double the prior year, driven largely by technology and data center bookings. Gross margin exceeded 25% for the first time in company history. The company generated record free cash flow of $1.0 billion in 2025, raised its quarterly dividend to $0.70 per share, and repurchased over 440,000 shares. DA Davidson increased its price target from $1,200 to $1,800 while maintaining a Buy rating.
Read full analysisComfort Systems USA stock rose 2.0% following the company's fourth-quarter 2025 earnings announcement. The company reported record results including quarterly earnings per share of $9.37, up 129% year-over-year, and fourth-quarter revenue of $2.6 billion, up 42% year-over-year. Full-year 2025 revenue exceeded $9 billion, up 30% from 2024. The company achieved a record backlog of $11.9 billion, nearly double the prior year, driven largely by technology and data center bookings. Gross margin exceeded 25% for the first time in company history. The company generated record free cash flow of $1.0 billion in 2025, raised its quarterly dividend to $0.70 per share, and repurchased over 440,000 shares. DA Davidson increased its price target from $1,200 to $1,800 while maintaining a Buy rating.
Comfort Systems USA is a Houston-based mechanical and electrical contracting firm specializing in HVAC, plumbing, piping, and electrical systems for commercial and industrial facilities. The company has emerged as a prominent AI infrastructure play, supplying specialized cooling and electrical systems for hyperscaler data centers, with a project backlog that nearly doubled to $11.94 billion in 2025 and Q4 EPS of $9.37 that more than doubled the prior year. Today's session reflects continued digestion of those record results amid volatile post-earnings trading.