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Ray DalioReduced
Bridgewater Associates · Q2 2026
$96.14M
48.51K shares · 0.4% of portfolio
Comfort Systems USA Inc
Comfort Systems USA Inc (FIX) is listed on NYSE and classified in Engineering & Construction, part of the Industrials sector. It is headquartered in Houston, United States and has 22,700 employees. The company is worth $45.03B and trades at 31.5x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $9.1B in fiscal 2025, up 29.5% from the year before. Net income was $1.02B. The share price is 38.3% below its 52-week high of $2,073.99. It pays a dividend yielding 0.28%, and has raised its annual dividend for 13 years in a row in our records. 10 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $2.08B. In that quarter, 3 of them opened or added to the position and 6 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Comfort Systems USA Inc.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +1416.9% over 5Y.
today you would have $16,056.57▲ +1505.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $933.29 | $424.06 | $205.67 | $115.08 | $98.94 | $52.66 | $49.85 | $43.68 | $43.65 | $33.30 | $28.42 | $17.12 | $19.39 | $12.16 | $10.72 | $13.17 | $12.34 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.3% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 24.0 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FERGFerguson Enterprises Inc. | $227.31 | 22.4x | 7.1x | 1.57% | — | $43.97B |
| WCNWaste Connections, Inc. | $184.88 | 41.5x | 5.7x | 0.76% | 13.03% | $46.51B |
| CARRCARRIER GLOBAL Corp | $56.48 | 40.9x | 3.5x | 1.70% | 8.97% | $46.56B |
| WABWestinghouse Air Brake Technologies Corp |
| 24.0x |
| 32.3x |
| 29.0x |
| 22.8x |
| 16.9x |
| 25.2x |
| 12.9x |
| 16.2x |
| 14.6x |
| 29.7x |
| 19.4x |
| 21.9x |
| 28.1x |
| 26.6x |
| 33.8x |
| — |
| 33.8x |
| 13.9x |
| P/S | 0.7x | 3.6x | 2.1x | 1.4x | 1.0x | 1.2x | 0.7x | 0.7x | 0.7x | 0.9x | 0.8x | 0.7x | 0.5x | 0.5x | 0.3x | 0.3x | 0.5x | 0.4x |
| P/B | 3.1x | 13.4x | 8.8x | 5.7x | 4.1x | 4.4x | 2.7x | 3.1x | 3.2x | 3.9x | 3.3x | 3.1x | 2.1x | 2.5x | 1.7x | 1.5x | 1.6x | 1.6x |
| EPS | $28.88 | $14.60 | $9.01 | $6.82 | $3.93 | $4.09 | $3.08 | $3.00 | $1.47 | $1.72 | $1.30 | $0.61 | $0.73 | $0.36 | -$0.99 | $0.39 | $0.89 |
| Dividend yield | 0.81% | 0.21% | 0.28% | 0.41% | 0.49% | 0.49% | 0.81% | 0.79% | 0.76% | 0.68% | 0.83% | 0.88% | 1.31% | 1.08% | 1.64% | 1.87% | 1.52% | 1.54% |
| Payout | 14.41% | 6.75% | 8.22% | 9.43% | 8.21% | 12.21% | 10.39% | 12.82% | 11.00% | 20.07% | 15.99% | 19.23% | 36.89% | 28.77% | 55.56% | — | 51.28% | 21.35% |
| Profit margin | 3.97% | 11.23% | 7.43% | 6.21% | 5.94% | 4.66% | 5.26% | 4.37% | 5.17% | 3.09% | 3.97% | 3.12% | 1.63% | 2.01% | 0.89% | -3.00% | 1.39% | 3.03% |
| ROE | 17.23% | 41.76% | 30.65% | 25.31% | 24.60% | 17.79% | 21.56% | 19.53% | 22.67% | 13.22% | 17.23% | 14.24% | 7.53% | 9.22% | 4.38% | -13.79% | 4.71% | 11.17% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-37.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $276.47 |
| 35.9x |
| 4.1x |
| 0.45% |
| 12.24% |
| $46.7B |
| ROKRockwell Automation Inc | $423.87 | 41.1x | 13.5x | 1.30% | 30.63% | $47.17B |
| LHXL3harris Technologies Inc | $254.23 | 24.9x | 2.4x | 1.97% | 9.34% | $47.34B |
