Key Facts on Comfort Systems USA’s Growth
Comfort Systems USA (NYSE: FIX) has seen a remarkable revenue increase, with a 495% rise over the past two years. As of its latest earnings call, the company reported that 45% of its revenue now comes from data center work, up from 33% the previous year. Technology and industrial spending represented 67% of its total volume in 2025. This growth is occurring despite a general decline in U.S. manufacturing construction spending.
Comfort Systems’ backlog is expected to grow as spending commitments from hyperscalers like Alphabet and Amazon, notably from 2026, have yet to be fully reflected. The current demand for mechanical and electrical systems in data centers is driven by ongoing investments in AI data centers. Revenue projections indicate earnings per share could rise by 69% from $28.88 in 2025 to $48.92 by 2028, despite some skepticism regarding the stock’s current price evaluation.
