Comfort Systems USA Reports 50.3% Revenue Growth to $3.27 Billion in Q2 2026

Comfort Systems USA, Inc. reported significant financial growth in its latest quarterly filing, with revenues for the second quarter of 2026 reaching $3.27 billion, a 50.3% increase from $2.17 billion in the same period last year. For the first half of 2026, total revenue was $6.13 billion, up 53.1% from $4.00 billion in the first half of 2025. The company's net income also saw a substantial rise, totaling $441.6 million for the second quarter, compared to $230.8 million in the prior year, and $812.0 million for the first six months, up from $400.1 million.

The company's growth was driven by both acquisitions and strong same-store performance. Notably, the acquisitions of R.C. Hunt Electric, Feyen-Zylstra Holdings, and Meisner Electric contributed to a 6.5% increase in revenue. Same-store revenue growth was particularly strong, with a 43.8% increase in the second quarter, largely attributed to heightened demand in the technology sector, especially for data centers. The mechanical segment generated $2.30 billion in revenue, a 40.2% increase, while the electrical segment saw an 81.2% increase to $969.0 million.

Operationally, Comfort Systems reported a backlog of $14.06 billion as of June 30, 2026, reflecting a 73.1% increase from the previous year. This backlog is indicative of future revenue potential, with the company expecting to recognize a significant portion of this revenue in the coming months. The company also reported an increase in its employee headcount, reflecting its expansion efforts, and maintained 51 operating locations following the recent acquisition of Hunt.

The filing also highlighted strategic developments, including the completion of several acquisitions that have bolstered the company's capabilities in the electrical services sector. The company has been proactive in managing its operational costs, with selling, general, and administrative expenses increasing at a slower rate than revenue, resulting in improved profit margins. Looking ahead, Comfort Systems anticipates continued strong demand, particularly from manufacturing and technology customers, despite potential challenges such as rising labor costs and supply chain disruptions. The company remains optimistic about its growth trajectory and financial health, supported by a robust credit facility and a history of positive cash flow.