COMFORT SYSTEMS USA INC

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 19, 2026

FIX$1,113.23+9.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In Thousands, Except Share Amounts)


· · December 31, ·
· 2025 · · 2024 ·
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$981,898	$549,939
Billed accounts receivable, less allowance for credit losses of $19,708 and $15,286, respectively	2,577,858	1,861,212
Unbilled accounts receivable, less allowance for credit losses of $1,508 and $1,475, respectively	123,197	95,786
Other receivables, less allowance for credit losses of $325 and $553, respectively	116,157	86,186
Inventories	84,066	59,224
Prepaid expenses and other	138,560	46,213
Costs and estimated earnings in excess of billings, less allowance for credit losses of $255 and $271, respectively	88,817	91,681
Total current assets	4,110,553	2,790,241
PROPERTY AND EQUIPMENT, NET	387,952	277,180
LEASE RIGHT-OF-USE ASSETS	322,922	229,106
GOODWILL	1,025,515	875,270
IDENTIFIABLE INTANGIBLE ASSETS, NET	485,168	434,417
DEFERRED TAX ASSETS	84,139	85,441
OTHER NONCURRENT ASSETS	24,920	19,433
Total assets	$6,441,169	$4,711,088
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$6,163	$6,042
Accounts payable	696,348	654,943
Accrued compensation and benefits	291,722	228,622
Billings in excess of costs and estimated earnings and deferred revenue	2,120,262	1,149,257
Accrued self-insurance	42,973	42,315
Other current liabilities	236,382	501,591
Total current liabilities	3,393,850	2,582,770
LONG-TERM DEBT	139,063	62,293
LEASE LIABILITIES	302,590	212,107
DEFERRED TAX LIABILITIES	3,892	2,225
OTHER LONG-TERM LIABILITIES	153,000	147,017
Total liabilities	3,992,395	3,006,412
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $.01 par, 5,000,000 shares authorized, none issued and outstanding	—	—
Common stock, $.01 par, 102,969,912 shares authorized, 41,123,365 and 41,123,365 shares issued, respectively	411	411
Treasury stock, at cost, 5,946,145 and 5,562,453 shares, respectively	(496,006)	(273,799)
Additional paid-in capital	363,314	350,734
Retained earnings	2,581,055	1,627,330
Total stockholders’ equity	2,448,774	1,704,676
Total liabilities and stockholders’ equity	$6,441,169	$4,711,088

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.