Comfort Systems USA (FIX) FY2022 results: revenue $4.1 billion, up 34.7% on the year
Comfort Systems USA Inc. (FIX) reported revenue of $4.1 billion for fiscal 2022, the year ended 31 December 2022, up 34.7% on the year before. Net income was $246 million, up 71.6%, and diluted earnings per share $6.82. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$4.1 billion
+34.7% on the year
FY2015FY2022
Operating margin
6.1%
6.1% a year earlier
FY2015FY2022
Net income
$246 million
+71.6% on the year
FY2015FY2022
Diluted EPS
$6.82
+73.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
302
180
287
+67.4%
Capital expenditure
48.4
22.3
24.1
+116.6%
Free cash flow
253
158
262
+60.4%
Free cash flow margin
6.1%
5.1%
9.2%
Cash from investing
-97.2
-247
-208
Cash from financing
-206
70.5
-74.6
Depreciation and amortisation
33.6
28.4
27.9
+18.3%
Share-based compensation
10.5
10.6
6.9
-0.6%
Buybacks
38.2
27.1
30.1
+41.3%
Dividends paid
20.1
17.4
15.5
+15.5%
Dividend per share
$0.56
$0.48
$0.42
+16.7%
Diluted shares, weighted
36m
36m
37m
-1.1%
Shares outstanding at period end
36m
36m
36m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,000
806
696
+24.1%
Debt
256
388
236
-34.0%
Operating lease liabilities
112
108
80.6
+3.8%
Other liabilities
1,230
908
744
+35.5%
Total liabilities and equity
2,597
2,209
1,757
+17.6%
Fixed assets
144
129
117
+12.0%
Goodwill
612
592
464
+3.3%
Intangible assets
274
305
232
-10.1%
Cash and equivalents
57.2
58.8
54.9
-2.7%
Inventory
35.3
21.9
13.5
+61.6%
Other assets
1,475
1,103
876
+33.8%
Total assets
2,597
2,209
1,757
+17.6%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.