Comfort Systems USA jumps as Q1 results show surging earnings, revenue, and backlog

Comfort Systems USA, Inc. (FIX) is up 9.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to a strong Q1 2026 earnings release that showed sharply higher profit, expanding margins, and continued momentum in large projects (including technology/data center-related work) alongside a growing backlog. Investors likely responded to the combination of better-than-expected profitability and improved near-term revenue visibility.

Details:

Q1 2026 diluted EPS was $10.51 versus $4.75 in Q1 2025, as net income rose to $370.4 million.

Revenue increased to $2.87 billion from $1.83 billion year over year, reflecting rapid growth in project activity.

Backlog was $12.45 billion as of March 31, 2026, up from $11.94 billion at December 31, 2025, signaling continued demand even as project “burn” rates increased.

The company reported operating cash inflows of $388.8 million for the quarter versus operating cash outflows of $88.0 million in the prior-year quarter.

Sources:

Comfort Systems USA Investor Relations, SEC EDGAR, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FIX Insider Trading Activity

$FIX insiders have traded $FIX stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.

Here’s a breakdown of recent trading of $FIX stock by insiders over the last 6 months:

BRIAN E. LANE (PRESIDENT/CHIEF EXECUTIVE OFF.) has made 0 purchases and 2 sales selling 16,523 shares for an estimated $20,394,083.
FRANKLIN MYERS has made 0 purchases and 2 sales selling 13,636 shares for an estimated $17,750,442.
WILLIAM III GEORGE (CHIEF FINANCIAL OFFICER) has made 0 purchases and 2 sales selling 13,370 shares for an estimated $17,105,047.
DARCY ANDERSON has made 0 purchases and 2 sales selling 8,500 shares for an estimated $9,998,726.
WILLIAM J SANDBROOK sold 2,500 shares for an estimated $3,608,294
PABLO G. MERCADO, has made 0 purchases and 2 sales selling 3,000 shares for an estimated $3,216,015.
TERRENCE REED (SVP & CHRO) has made 0 purchases and 2 sales selling 1,787 shares for an estimated $2,537,182.
HERMAN E BULLS sold 2,000 shares for an estimated $2,027,247
CONSTANCE ELLEN SKIDMORE sold 1,000 shares for an estimated $1,425,000
LAURA FINLEY HOWELL (SVP & GENERAL COUNSEL) sold 1,000 shares for an estimated $996,163

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

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$FIX Hedge Fund Activity

We have seen 590 institutional investors add shares of $FIX stock to their portfolio, and 432 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC added 625,567 shares (+17.0%) to their portfolio in Q4 2025, for an estimated $583,835,425
BLACKROCK, INC. removed 528,953 shares (-13.3%) from their portfolio in Q4 2025, for an estimated $493,666,545
INVESCO LTD. removed 411,581 shares (-38.7%) from their portfolio in Q4 2025, for an estimated $384,124,431
STATE STREET CORP added 375,118 shares (+35.6%) to their portfolio in Q4 2025, for an estimated $350,093,878
GEODE CAPITAL MANAGEMENT, LLC added 332,441 shares (+39.0%) to their portfolio in Q4 2025, for an estimated $310,263,860
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 320,352 shares (-70.5%) from their portfolio in Q4 2025, for an estimated $298,981,318
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 309,217 shares (+37987.3%) to their portfolio in Q4 2025, for an estimated $288,589,133

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$FIX Government Contracts

We have seen $228,342 of award payments to $FIX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BC BMS SERVICES: $191,644
EO 14042 - IT HVAC MAINTENANCE AND INSPECTION (USM-DN): $6,080

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$FIX Congressional Stock Trading

Members of Congress have traded $FIX stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FIX stock by members of Congress over the last 6 months:

REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 2 purchases worth up to $30,000 on 12/04 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FIX Analyst Ratings

Wall Street analysts have issued reports on $FIX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 12/19/2025
UBS issued a "Buy" rating on 10/27/2025

To track analyst ratings and price targets for $FIX, check out Quiver Quantitative's $FIX forecast page.

$FIX Price Targets

Multiple analysts have issued price targets for $FIX recently. We have seen 4 analysts offer price targets for $FIX in the last 6 months, with a median target of $1498.0.

Here are some recent targets:

Austin Wang from GLJ Research set a target price of $2001.0 on 04/21/2026
Brent Thielman from DA Davidson set a target price of $1800.0 on 02/23/2026
Brian Brophy from Stifel set a target price of $1196.0 on 01/26/2026
Joshua Chan from UBS set a target price of $1140.0 on 10/27/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.