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Comfort Systems USA balance sheet

At the end of fiscal 2025, Comfort Systems USA had total assets of $6.44bn, total liabilities of $3.99bn and shareholders' equity of $2.45bn. It held $982m in cash against $145m of debt: net cash of $837m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents128865141523256323746515559572055509822,158
Receivables—234260257267304302319383—————————
Inventory—910108989101210132235665984121
Total current assets—4033913733973944244164896107908121,0271,3081,9112,7904,1116,776
Goodwill—1481071151151401441492012353324645926126678751,0261,150
Total assets—6405945816026566927098811,0631,5051,7572,2092,5973,3064,7116,4419,805
Accounts payable—101112101101106107103132176196204255337420655696946
Deferred revenue (current)——2112251061311672263075489101,1492,1203,872
Total current liabilities—2682812692692823053183744676086938371,1711,7212,5833,3945,912
Short-term debt—00020111321—395666
Long-term debt——222401126074205236385247396213944
Total debt001572401236177226236388256446814550
Total liabilities—3273112932883353273324635659201,0611,4031,5982,0283,0063,9926,470
Shareholders' equity3063132652702963063473774184985856968061,0001,2781,7052,4493,335
Non-controlling interests and other (assets − liabilities − equity)——1917181518———————————
Net debt (negative = net cash)−128−86−36−33−508−44−292431176181329199−161−482−837−2,108
Shares outstanding————38m37m37m37m37m37m37m36m36m36m36m36m35m35m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Comfort Systems USA's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Comfort Systems USA.