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FIXBullishEarningsnews
High materiality9/10

Comfort Systems USA posts record cash flow; backlog hits $14.06B

Jul 23, 2026, 4:12 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The beat across revenue, net income, and cash flow, plus backlog expansion, improves near-term sentiment and raises visibility into 2027 growth. History shows that large Q2 beats with rising backlog often lead to immediate upside and multiple expansion as investors price in higher forward cash flows.

AI summary

What happened, with direct paths to the underlying reporting

Comfort Systems USA reported strong Q2 2026 results with net income of $441.6M and revenue of $3.27B, delivering $12.53 per share and $1.14B in operating cash flow. Backlog rose to $14.06B, with same-store backlog at $13.70B, signaling durable demand into 2027. Management remains optimistic about 2026–2027 and will host a July 24 webcast to discuss results.

  • Q2 2026 revenue $3.27B; net income $441.6m; EPS $12.53.
  • Operating cash flow $1.14B; backlog $14.06B as of 6/30/2026; backlog up.
  • Backlog 6/30/26: $14.06B; same-store backlog $13.70B; growth vs 6/30/25.
  • Six months ended 6/30/2026: net income $812.0m; revenue $6.13B; OCF $1.53B.

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