Comfort Systems USA, Inc. stock research
FY2026 Q1
Comfort Systems USA (FIX) Gross Margin — Quarter Ended Mar 31, 2026
Revenue, gross profit, and cost of revenue all moved higher compared with both the immediately preceding quarter and the same quarter one year earlier. Gross margin improved versus both periods, reflecting a larger share of gross profit relative to revenue.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue, gross profit, and cost of revenue all moved higher compared with both the immediately preceding quarter and the same quarter one year earlier. Gross margin improved versus both periods, reflecting a larger share of gross profit relative to revenue.
- Gross profit grew at a faster pace than revenue, which drove the gross margin higher. The relationship between cost of revenue and revenue shifted favorably, as cost of revenue increased less than proportionally to revenue.
- Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Versus the same quarter one year earlier, all metrics were higher, and gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
26.3%
Gross profit
$754.4M
Revenue
$2.9B
Cost of revenue
$2.1B
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+4.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $2.2B | $509.9M | $1.7B | 23.5% |
| Sep 30, 2025 | $2.5B | $607.9M | $1.8B | 24.8% |
| Dec 31, 2025 | -$4.6B | -$1.1B | -$3.5B | 24.2% |
| Mar 31, 2026 | $2.9B | $754.4M | $2.1B | 26.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+2.2 pts
Year-over-year change
Mar 31, 2025
+4.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit grew at a faster pace than revenue, which drove the gross margin higher. The relationship between cost of revenue and revenue shifted favorably, as cost of revenue increased less than proportionally to revenue.
Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Versus the same quarter one year earlier, all metrics were higher, and gross margin strengthened.
Monitor the trajectory of cost of revenue relative to revenue, as its proportion influences gross margin sustainability.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Comfort Systems USA, Inc. (FIX) | 26.3% |