Comfort Systems USA Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $441.6M | $370.4M | $291.6M | $230.8M | $169.3M | $146.2M | $134.0M | $96.3M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $20.0M | $18.6M | $16.0M | $14.9M | $14.0M | $12.3M | $11.8M | $11.3M |
| Amortization | $23.3M | $20.4M | $19.5M | $19.8M | $20.1M | $24.4M | $26.9M | $23.9M |
| Stock-Based Compensation | — | $19.4M | — | — | $8.0M | — | — | $7.4M |
| Net Cash from Operating Activities | $1.14B | $388.8M | $553.3M | $252.5M | $-88.0M | $302.2M | $189.9M | $146.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $141.4M | $147.5M | $35.3M | $31.3M | $22.2M | $22.1M | $23.4M | $25.0M |
| Business Acquisitions | — | $6.1M | — | — | $68.4M | — | — | $196.7M |
| Net Cash from Investing Activities | — | $-184.0M | — | — | $-96.8M | — | — | $-221.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | $24.6M | — | — | $14.2M | — | — | $8.9M |
| Stock Repurchases | — | $2.5M | — | — | $91.4M | — | — | $295.0K |
| Net Cash from Financing Activities | — | $-136.6M | — | — | $-160.4M | — | — | $-29.3M |
| Net Change in Cash | — | $68.3M | — | — | $-345.2M | — | — | $-104.4M |
| Free Cash Flow | $998.1M | $241.4M | $517.9M | $221.2M | $-110.2M | $280.1M | $166.5M | $121.6M |