Comfort Systems USA, Inc. reported significant financial growth in its latest quarterly results, with revenue for the second quarter of 2025 reaching $2.17 billion, a 20.1% increase from $1.81 billion in the same period last year. For the first half of 2025, total revenue was $4.00 billion, up 19.6% from $3.35 billion in the first half of 2024. The company's net income also saw a substantial rise, totaling $230.8 million for the second quarter, compared to $134.0 million in the prior year, and $400.1 million for the first six months, up from $230.3 million.
The company's performance was bolstered by strong same-store revenue growth of 18.6% in the second quarter, driven primarily by increased demand in the technology sector, particularly for data centers. The mechanical segment contributed $1.64 billion in revenue, a 12.9% increase, while the electrical segment surged by 49.1% to $534.6 million. The growth was further supported by recent acquisitions, including Right Way Plumbing & Mechanical LLC and Century Contractors, which added $83.8 million to revenue.
Comfort Systems also reported a notable increase in its backlog, which rose to $8.12 billion as of June 30, 2025, marking a 40.7% increase year-over-year. This growth reflects a strong pipeline of projects, particularly in the technology sector, and indicates a positive outlook for future revenue generation. The company had 9,106 projects in process, with an average contract price of approximately $2 million.
Operationally, Comfort Systems has expanded its workforce, with 48 operating locations as of June 30, 2025. The company continues to face challenges related to increased labor costs and supply chain delays, but it has successfully maintained productivity and is proactively managing these issues through strategic planning and collaboration with customers. The company anticipates solid earnings for the remainder of 2025, supported by favorable market conditions, particularly for its manufacturing and technology clients.
Looking ahead, Comfort Systems remains optimistic about its growth trajectory, despite potential economic uncertainties. The company plans to leverage its strong financial position, including significant borrowing capacity under its credit facility, to navigate challenges and capitalize on opportunities in the mechanical and electrical services markets.
About COMFORT SYSTEMS USA INC
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