Comfort Systems USA Inc (FIX) - Net Assets
Based on the latest financial reports, Comfort Systems USA Inc (FIX) has net assets worth $2.23 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.78 Billion) and total liabilities ($3.54 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Comfort Systems USA Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.23 Billion |
| % of Total Assets | 38.65% |
| Annual Growth Rate | 8.01% |
| 5-Year Change | 144.77% |
| 10-Year Change | 367.03% |
| Growth Volatility | 20.07 |
Comfort Systems USA Inc - Net Assets Trend (1997–2024)
This chart illustrates how Comfort Systems USA Inc's net assets have evolved over time, based on quarterly financial data. Also explore Comfort Systems USA Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Comfort Systems USA Inc (1997–2024)
The table below shows the annual net assets of Comfort Systems USA Inc from 1997 to 2024. For live valuation and market cap data, see market cap of Comfort Systems USA Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.70 Billion | +33.40% |
| 2023-12-31 | $1.28 Billion | +27.79% |
| 2022-12-31 | $999.92 Million | +24.11% |
| 2021-12-31 | $805.67 Million | +15.69% |
| 2020-12-31 | $696.43 Million | +18.99% |
| 2019-12-31 | $585.30 Million | +17.52% |
| 2018-12-31 | $498.05 Million | +19.17% |
| 2017-12-31 | $417.94 Million | +10.97% |
| 2016-12-31 | $376.63 Million | +3.19% |
| 2015-12-31 | $365.00 Million | +13.57% |
| 2014-12-31 | $321.39 Million | +2.35% |
| 2013-12-31 | $314.02 Million | +9.30% |
| 2012-12-31 | $287.31 Million | +1.48% |
| 2011-12-31 | $283.11 Million | -9.49% |
| 2010-12-31 | $312.78 Million | +2.22% |
| 2009-12-31 | $305.98 Million | +6.81% |
| 2008-12-31 | $286.47 Million | +9.10% |
| 2007-12-31 | $262.58 Million | +8.18% |
| 2006-12-31 | $242.71 Million | +13.67% |
| 2005-12-31 | $213.52 Million | -1.42% |
| 2004-12-31 | $216.60 Million | +7.94% |
| 2003-12-31 | $200.66 Million | -2.16% |
| 2002-12-31 | $205.09 Million | -50.44% |
| 2001-12-31 | $413.82 Million | +3.39% |
| 2000-12-31 | $400.24 Million | -4.48% |
| 1999-12-31 | $419.00 Million | +10.29% |
| 1998-12-31 | $379.90 Million | +78.61% |
| 1997-12-31 | $212.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comfort Systems USA Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14050.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.63 Billion | 95.46% |
| Common Stock | $411.00K | 0.02% |
| Other Components | $76.94 Million | 4.51% |
| Total Equity | $1.70 Billion | 100.00% |
Comfort Systems USA Inc Competitors by Market Cap
The table below lists competitors of Comfort Systems USA Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Danone SA
PA:BN
|
$47.28 Billion |
|
East Money Information Co Ltd
SHE:300059
|
$47.39 Billion |
|
Sea Ltd
NYSE:SE
|
$47.40 Billion |
|
Hangzhou Hikvision Digital Technology Co Ltd
SHE:002415
|
$47.68 Billion |
|
Adani Power Limited
NSE:ADANIPOWER
|
$46.99 Billion |
|
Xcel Energy Inc
NASDAQ:XEL
|
$46.96 Billion |
|
RIO Tinto Ltd
AU:RIO
|
$46.95 Billion |
|
Targa Resources Inc
NYSE:TRGP
|
$46.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comfort Systems USA Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,277,829,000 to 1,704,676,000, a change of 426,847,000 (33.4%).
- Net income of 522,433,000 contributed positively to equity growth.
- Dividend payments of 42,766,000 reduced retained earnings.
- Share repurchases of 57,912,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $522.43 Million | +30.65% |
| Dividends Paid | $42.77 Million | -2.51% |
| Share Repurchases | $57.91 Million | -3.4% |
| Other Changes | $5.09 Million | +0.3% |
| Total Change | $- | 33.40% |
Book Value vs Market Value Analysis
This analysis compares Comfort Systems USA Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 40.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 171.29x to 40.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $11.40 | $1952.37 | x |
| 1998-12-31 | $11.07 | $1952.37 | x |
| 1999-12-31 | $10.55 | $1952.37 | x |
| 2000-12-31 | $10.69 | $1952.37 | x |
| 2001-12-31 | $11.04 | $1952.37 | x |
| 2002-12-31 | $5.38 | $1952.37 | x |
| 2003-12-31 | $5.40 | $1952.37 | x |
| 2004-12-31 | $5.48 | $1952.37 | x |
| 2005-12-31 | $5.43 | $1952.37 | x |
| 2006-12-31 | $5.90 | $1952.37 | x |
| 2007-12-31 | $6.35 | $1952.37 | x |
| 2008-12-31 | $7.16 | $1952.37 | x |
| 2009-12-31 | $7.96 | $1952.37 | x |
| 2010-12-31 | $8.28 | $1952.37 | x |
| 2011-12-31 | $7.08 | $1952.37 | x |
| 2012-12-31 | $7.26 | $1952.37 | x |
| 2013-12-31 | $7.88 | $1952.37 | x |
| 2014-12-31 | $8.10 | $1952.37 | x |
| 2015-12-31 | $9.16 | $1952.37 | x |
| 2016-12-31 | $9.96 | $1952.37 | x |
| 2017-12-31 | $11.09 | $1952.37 | x |
| 2018-12-31 | $13.25 | $1952.37 | x |
| 2019-12-31 | $15.76 | $1952.37 | x |
| 2020-12-31 | $18.96 | $1952.37 | x |
| 2021-12-31 | $22.10 | $1952.37 | x |
| 2022-12-31 | $27.74 | $1952.37 | x |
| 2023-12-31 | $35.60 | $1952.37 | x |
| 2024-12-31 | $47.65 | $1952.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comfort Systems USA Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.43%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 2.76x
- Recent ROE (30.65%) is above the historical average (6.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -0.97% | -0.71% | 1.03x | 1.32x | $-23.86 Million |
| 1998 | 9.21% | 4.10% | 1.08x | 2.08x | $-2.99 Million |
| 1999 | 10.10% | 3.09% | 1.45x | 2.25x | $400.00K |
| 2000 | -4.21% | -1.87% | 0.97x | 2.31x | $-56.88 Million |
| 2001 | 3.17% | 1.52% | 0.99x | 2.12x | $-28.26 Million |
| 2002 | -101.95% | -26.18% | 2.18x | 1.79x | $-229.59 Million |
| 2003 | -2.78% | -0.75% | 2.13x | 1.75x | $-25.64 Million |
| 2004 | 4.95% | 1.38% | 2.03x | 1.77x | $-10.95 Million |
| 2005 | -2.92% | -0.70% | 2.18x | 1.91x | $-27.58 Million |
| 2006 | 11.83% | 2.72% | 2.29x | 1.90x | $4.45 Million |
| 2007 | 12.36% | 2.93% | 2.03x | 2.08x | $6.21 Million |
| 2008 | 17.35% | 3.74% | 2.22x | 2.09x | $21.04 Million |
| 2009 | 11.17% | 3.03% | 1.96x | 1.88x | $3.58 Million |
| 2010 | 4.71% | 1.33% | 1.73x | 2.05x | $-16.54 Million |
| 2011 | -13.92% | -2.97% | 2.10x | 2.23x | $-63.29 Million |
| 2012 | 4.98% | 1.01% | 2.29x | 2.15x | $-13.58 Million |
| 2013 | 9.22% | 2.01% | 2.26x | 2.03x | $-2.31 Million |
| 2014 | 7.53% | 1.63% | 2.15x | 2.14x | $-7.57 Million |
| 2015 | 14.24% | 3.12% | 2.29x | 1.99x | $14.69 Million |
| 2016 | 17.23% | 3.97% | 2.31x | 1.88x | $27.23 Million |
| 2017 | 13.22% | 3.09% | 2.03x | 2.11x | $13.48 Million |
| 2018 | 22.67% | 5.17% | 2.05x | 2.13x | $63.10 Million |
| 2019 | 19.53% | 4.37% | 1.74x | 2.57x | $55.79 Million |
| 2020 | 21.56% | 5.26% | 1.63x | 2.52x | $80.50 Million |
| 2021 | 17.79% | 4.66% | 1.39x | 2.74x | $62.78 Million |
| 2022 | 24.60% | 5.94% | 1.59x | 2.60x | $145.95 Million |
| 2023 | 25.31% | 6.21% | 1.58x | 2.59x | $195.62 Million |
| 2024 | 30.65% | 7.43% | 1.49x | 2.76x | $351.97 Million |
Industry Comparison
This section compares Comfort Systems USA Inc's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $855,465,635
- Average return on equity (ROE) among peers: -41.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comfort Systems USA Inc (FIX) | $2.23 Billion | -0.97% | 1.59x | $47.20 Billion |
| Arcosa Inc (ACA) | $1.89 Billion | 5.63% | 0.40x | $5.50 Billion |
| Aecom Technology Corporation (ACM) | $2.22 Billion | -2.63% | 1.55x | $10.42 Billion |
| Argan Inc (AGX) | $2.30 Million | -26.09% | 2.17x | $6.36 Billion |
| Ameresco Inc (AMRC) | $102.77 Million | 19.37% | 2.65x | $1.04 Billion |
| Api Group Corp (APG) | $2.95 Billion | 8.47% | 1.76x | $18.99 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $317.05 Million | -10.25% | 1.75x | $342.26 Million |
| Topbuild Corp (BLD) | $972.55 Million | 7.47% | 0.74x | $12.02 Billion |
| Blink Charging Co (BLNK) | $1.23 Million | -429.88% | 0.66x | $95.19 Million |
| Bowman Consulting Group Ltd (BWMN) | $78.41 Million | 0.38% | 0.76x | $483.57 Million |
| Cadeler A/S (CDLR) | $10.66 Million | 8.62% | 11.65x | $2.10 Billion |
About Comfort Systems USA Inc
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. It operates through two segments: Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electr… Read more