--- title: Comfort Systems USA (FIX) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/fix ticker: FIX as_of: 2026-10-17 sector: Industrials industry: Engineering & Construction --- # Comfort Systems USA (FIX) Comfort Systems USA (FIX) closed at $1,439.07 on Oct 16, 2026, overvalued by 66% vs its model value of $869.12 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $1,439.07 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $869.12 | | Price vs model | overvalued by 66% vs model | | Range of that model | $649.62 – $1,375.40 | | Market value | $50.6B | | P/E (fiscal 2025) | 49.8 | | Net margin (fiscal 2025) | 11.2% | | Free cash flow (fiscal 2025) | $1.0B | | Dividend yield (trailing twelve months) | 0.21% | | Beta | 1.66 | | Cost of capital (WACC) | 11.04% | | Business classification | Profitable Growth (High revenue growth (~32% recent), Moderate margins (11% net margin), Moderately volatile earnings) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Best performing this year | #37 | +54.2% | https://sweetvaluelab.com/lists/best-performing-this-year | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.21% | | Dividends per share, last 12 months | $3.00 | | Dividends / free cash flow (fiscal 2025) | 6.7% | | Raised | 13 years in a row | | Growth over 5 years | 45.5% a year | | Latest payment | $0.90, ex-date Aug 13, 2026, paid Aug 24, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 12, 2021 | $0.46 | | To Aug 17, 2022 | $0.54 | | To Aug 16, 2023 | $0.75 | | To Aug 12, 2024 | $1.10 | | To Aug 14, 2025 | $1.70 | | Trailing twelve months (to Aug 13, 2026) | $3.00 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $869.12 | $649.62 | $1,375.40 | | DCF · Perpetuity growth · 10y | cross check | $1,124.35 | $841.43 | $1,766.86 | | DCF · EBITDA exit · 5y | cross check | $1,357.13 | $1,025.93 | $1,744.70 | | DCF · EBITDA exit · 10y | cross check | $1,603.39 | $1,179.54 | $2,161.08 | | P/E · peers | cross check | $914.90 | $836.30 | $1,371.15 | | P/E · own history | cross check | $1,181.69 | $917.55 | $1,817.91 | | PEG | sanity check | $1,226.49 | $1,226.49 | $1,226.49 | | EV/EBITDA · peers | cross check | $796.44 | $731.36 | $1,028.86 | | EV/Revenue · peers | cross check | $555.76 | $506.82 | $818.69 | | Earnings power value | cross check | $140.55 | $126.57 | $158.94 | | Dividend discount | cross check | $42.63 | $30.80 | $58.81 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 4 open-market sales ($43.2M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Aug 26, 2026 | Lane Brian E. | CHIEF EXECUTIVE OFF. | Open-market sell | 16,024 | $25.8M | | Aug 17, 2026 | GEORGE WILLIAM III | CHIEF FINANCIAL OFFICER | Open-market sell | 2,554 | $4.7M | | Aug 10, 2026 | MYERS FRANKLIN | Director | Open-market sell | 3,500 | $5.9M | | Aug 11, 2026 | MYERS FRANKLIN | Director | Open-market sell | 4,000 | $6.8M | | Jun 24, 2026 | MYERS FRANKLIN | Director | Open-market sell | 6,700 | $13.1M | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 3, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1035983/000110465926089781/tm2621841d1_8k.htm | | Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1035983/000110465926086258/fix-20260630x10q.htm | | Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1035983/000110465926086255/fix-20260723x8k.htm | | Jun 22, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1035983/000110465926076386/tm2618408d1_8k.htm | | May 21, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1035983/000110465926065127/tm2615333d1_8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 48,506 | $96.1M | | Thomas Gayner | 2026-06-30 | 13,000 | $25.8M | | Sarah Ketterer | 2026-06-30 | 162 | $321,076 | 3 tracked managers in all. ## About Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments: Mechanical and Electrical. It offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection. The company is also involved in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) and related systems in new buildings; and renovation, expansion, maintenance, monitoring, repair, and replacement of systems in existing buildings. In addition, it provides remote monitoring of power usage, temperature, pressure, humidity and air flow for MEP and other build… --- Source: https://sweetvaluelab.com/stocks/fix (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.