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Comfort Systems USA vs Quanta Services: revenue, profit, margins and growth compared

Comfort Systems USA brought in $9.1B of revenue in fiscal 2025, Quanta Services $28.5B in fiscal 2025. Revenue changed by +29.5% at Comfort Systems USA and +20.3% at Quanta Services on the year before, so Comfort Systems USA grew faster. Comfort Systems USA kept 11.2% of its revenue as net profit, Quanta Services 3.6%. Free cash flow was $1B at Comfort Systems USA and $1.6B at Quanta Services.

Side by side, latest fiscal year

FIXPWR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.1B$28.5B
Revenue growth+29.5%+20.3%
Net income$1B$1B
Net margin11.2%3.6%
Free cash flow$1B$1.6B
Free cash flow margin11.3%5.7%
Earnings per share (diluted)$28.88$6.80
Cash$981.9M$439.5M
Debt$145.2M$763.9M
Price to earnings57.495.5
Market value$58.4B$95.6B
Dividend yield0.12%0.06%
Rank by revenue in sector#70 of 451 · Industrials#23 of 451 · Industrials

Over the years

Revenue
FIX FY2018: $2.2BFIX FY2019: $2.6BFIX FY2020: $2.9BFIX FY2021: $3.1BFIX FY2022: $4.1BFIX FY2023: $5.2BFIX FY2024: $7BFIX FY2025: $9.1BPWR FY2018: $11.2BPWR FY2019: $12.1BPWR FY2020: $11.2BPWR FY2021: $13BPWR FY2022: $17.1BPWR FY2023: $20.9BPWR FY2024: $23.7BPWR FY2025: $28.5BFY18FY19FY20FY21FY22FY23FY24FY25
FIX $9.1BPWR $28.5B
Net income
FIX FY2018: $112.9MFIX FY2019: $114.3MFIX FY2020: $150.1MFIX FY2021: $143.3MFIX FY2022: $245.9MFIX FY2023: $323.4MFIX FY2024: $522.4MFIX FY2025: $1BPWR FY2018: $293.3MPWR FY2019: $402MPWR FY2020: $445.6MPWR FY2021: $486MPWR FY2022: $491.2MPWR FY2023: $744.7MPWR FY2024: $904.8MPWR FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
FIX $1BPWR $1B
Net margin
FIX FY2018: 5.2%FIX FY2019: 4.4%FIX FY2020: 5.3%FIX FY2021: 4.7%FIX FY2022: 5.9%FIX FY2023: 6.2%FIX FY2024: 7.4%FIX FY2025: 11.2%PWR FY2018: 2.6%PWR FY2019: 3.3%PWR FY2020: 4.0%PWR FY2021: 3.7%PWR FY2022: 2.9%PWR FY2023: 3.6%PWR FY2024: 3.8%PWR FY2025: 3.6%FY18FY19FY20FY21FY22FY23FY24FY25
FIX 11.2%PWR 3.6%
Revenue growth
FIX FY2019: +19.8%FIX FY2020: +9.2%FIX FY2021: +7.6%FIX FY2022: +34.7%FIX FY2023: +25.8%FIX FY2024: +35.0%FIX FY2025: +29.5%PWR FY2019: +8.4%PWR FY2020: -7.5%PWR FY2021: +15.9%PWR FY2022: +31.5%PWR FY2023: +22.3%PWR FY2024: +13.4%PWR FY2025: +20.3%FY19FY20FY21FY22FY23FY24FY25
FIX +29.5%PWR +20.3%
Free cash flow
FIX FY2018: $119.9MFIX FY2019: $110.3MFIX FY2020: $262.4MFIX FY2021: $157.8MFIX FY2022: $253.2MFIX FY2023: $544.7MFIX FY2024: $738MFIX FY2025: $1BPWR FY2018: $65.2MPWR FY2019: $264.8MPWR FY2020: $855.9MPWR FY2021: $196.5MPWR FY2022: $702.7MPWR FY2023: $1.1BPWR FY2024: $1.5BPWR FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
FIX $1BPWR $1.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Comfort Systems USA and Quanta Services

Which is bigger by revenue, Comfort Systems USA or Quanta Services?

Quanta Services is bigger by revenue: $28.5B in fiscal 2025, against $9.1B for Comfort Systems USA in fiscal 2025.

Which keeps more of its revenue as profit, Comfort Systems USA or Quanta Services?

Comfort Systems USA had a net margin of 11.2% in fiscal 2025; Quanta Services had 3.6% in fiscal 2025.

Which grew revenue faster, Comfort Systems USA or Quanta Services?

In their latest fiscal years revenue changed by +29.5% at Comfort Systems USA and +20.3% at Quanta Services.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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