Comfort Systems USA vs Granite Construction
Granite Construction is the larger business, with $4.42bn of revenue in fiscal 2025 against $1.83bn for Comfort Systems USA (2.4 times as much). Granite Construction grew faster (10.4% against -73.9%). Comfort Systems USA kept more of each dollar of sales as profit: a net margin of 55.8% against 4.4%. Comfort Systems USA carries less debt relative to equity (5.9% against 113.6%).
| Latest fiscal year | Comfort Systems USAFIX, 2025 | Granite ConstructionGVA, 2025 |
|---|---|---|
| Revenue | $1.83bn | $4.42bn |
| Revenue growth | -73.9% | 10.4% |
| Net income | $1.02bn | $193m |
| Operating margin | 11.4% | 6.4% |
| Net margin | 55.8% | 4.4% |
| Return on equity | 49.2% | 17.6% |
| Free cash flow | $1.03bn | $331m |
| Cash | $982m | $529m |
| Total debt | $145m | $1.34bn |
| Debt to equity | 5.9% | 113.6% |
| Dividend per share | $1.95 | $0.52 |
| Dividend yield | 0.3% | 0.4% |
| Share buybacks | $216m | $48.2m |
| Employees | 22,700 | — |
| Market value | $42.00bn | $5.69bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 60 (Moderate) | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 26 sales | 4 buys, 16 sales |