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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $2.6B, roughly 1.9× COMFORT SYSTEMS USA INC). COMFORT SYSTEMS USA INC runs the higher net margin — 12.5% vs 7.2%, a 5.3% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs 34.6%). Over the past eight quarters, COMFORT SYSTEMS USA INC's revenue compounded faster (31.2% CAGR vs 29.8%).
Comfort Systems USA, Inc. is an American company that provides mechanical and electrical contracting services, primarily HVAC, plumbing, piping and controls, off-site construction, monitoring and fire protection, and installation and servicing of electrical systems.
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
FIX vs LPLA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $4.9B |
| Net Profit | $330.8M | $356.4M |
| Gross Margin | 25.5% | 32.3% |
| Operating Margin | 16.1% | — |
| Net Margin | 12.5% | 7.2% |
| Revenue YoY | 41.7% | 34.6% |
| Net Profit YoY | 126.8% | — |
| EPS (diluted) | $9.35 | $4.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $4.9B | ||
| Q4 25 | $2.6B | $4.9B | ||
| Q3 25 | $2.5B | $4.6B | ||
| Q2 25 | $2.2B | $3.8B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.9B | $3.5B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.8B | $2.9B |
| Q1 26 | — | $356.4M | ||
| Q4 25 | $330.8M | $300.7M | ||
| Q3 25 | $291.6M | $-29.5M | ||
| Q2 25 | $230.8M | $273.2M | ||
| Q1 25 | $169.3M | $318.6M | ||
| Q4 24 | $145.9M | $270.7M | ||
| Q3 24 | $146.2M | $255.3M | ||
| Q2 24 | $134.0M | $243.8M |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 25.5% | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 21.1% | — | ||
| Q2 24 | 20.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 8.1% | ||
| Q3 25 | 15.5% | -0.7% | ||
| Q2 25 | 13.8% | 9.6% | ||
| Q1 25 | 11.4% | 11.4% | ||
| Q4 24 | 12.1% | 9.7% | ||
| Q3 24 | 11.2% | 11.2% | ||
| Q2 24 | 10.2% | 11.3% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 12.5% | 6.1% | ||
| Q3 25 | 11.9% | -0.6% | ||
| Q2 25 | 10.6% | 7.1% | ||
| Q1 25 | 9.2% | 8.7% | ||
| Q4 24 | 7.8% | 7.7% | ||
| Q3 24 | 8.1% | 8.2% | ||
| Q2 24 | 7.4% | 8.3% |
| Q1 26 | — | $4.43 | ||
| Q4 25 | $9.35 | $3.65 | ||
| Q3 25 | $8.25 | $-0.37 | ||
| Q2 25 | $6.53 | $3.40 | ||
| Q1 25 | $4.75 | $4.24 | ||
| Q4 24 | $4.08 | $3.58 | ||
| Q3 24 | $4.09 | $3.39 | ||
| Q2 24 | $3.74 | $3.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $981.9M | $1.0B |
| Total DebtLower is stronger | $145.2M | — |
| Stockholders' EquityBook value | $2.4B | $5.7B |
| Total Assets | $6.4B | $18.8B |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $981.9M | $1.1B | ||
| Q3 25 | $860.5M | $1.6B | ||
| Q2 25 | $331.7M | $4.3B | ||
| Q1 25 | $204.8M | $1.4B | ||
| Q4 24 | $549.9M | $1.0B | ||
| Q3 24 | $415.6M | $1.6B | ||
| Q2 24 | $199.4M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | $7.3B | ||
| Q3 25 | $136.0M | $7.5B | ||
| Q2 25 | $73.0M | $7.2B | ||
| Q1 25 | $67.8M | $5.7B | ||
| Q4 24 | $68.3M | $5.5B | ||
| Q3 24 | $62.3M | $4.4B | ||
| Q2 24 | $73.4M | $4.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $2.4B | $5.3B | ||
| Q3 25 | $2.2B | $5.0B | ||
| Q2 25 | $2.0B | $5.1B | ||
| Q1 25 | $1.8B | $3.1B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.5B | $2.5B |
| Q1 26 | — | $18.8B | ||
| Q4 25 | $6.4B | $18.5B | ||
| Q3 25 | $5.8B | $18.0B | ||
| Q2 25 | $5.1B | $17.5B | ||
| Q1 25 | $4.6B | $14.0B | ||
| Q4 24 | $4.7B | $13.3B | ||
| Q3 24 | $4.4B | $11.9B | ||
| Q2 24 | $4.2B | $11.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.06× | 1.36× | ||
| Q3 25 | 0.06× | 1.49× | ||
| Q2 25 | 0.04× | 1.41× | ||
| Q1 25 | 0.04× | 1.82× | ||
| Q4 24 | 0.04× | 1.87× | ||
| Q3 24 | 0.04× | 1.60× | ||
| Q2 24 | 0.05× | 1.77× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $468.5M | — |
| Free Cash FlowOCF − Capex | $402.4M | — |
| FCF MarginFCF / Revenue | 15.2% | — |
| Capex IntensityCapex / Revenue | 2.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $468.5M | $785.0M | ||
| Q3 25 | $553.3M | $-1.7B | ||
| Q2 25 | $252.5M | $193.3M | ||
| Q1 25 | $-88.0M | $339.8M | ||
| Q4 24 | $210.5M | $-178.8M | ||
| Q3 24 | $302.2M | $209.3M | ||
| Q2 24 | $189.9M | $-178.9M |
| Q1 26 | — | — | ||
| Q4 25 | $402.4M | $613.3M | ||
| Q3 25 | $517.9M | $-1.9B | ||
| Q2 25 | $221.2M | $56.3M | ||
| Q1 25 | $-110.2M | $220.3M | ||
| Q4 24 | $169.8M | $-344.3M | ||
| Q3 24 | $280.1M | $62.3M | ||
| Q2 24 | $166.5M | $-307.8M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 12.4% | ||
| Q3 25 | 21.1% | -41.1% | ||
| Q2 25 | 10.2% | 1.5% | ||
| Q1 25 | -6.0% | 6.0% | ||
| Q4 24 | 9.1% | -9.8% | ||
| Q3 24 | 15.5% | 2.0% | ||
| Q2 24 | 9.2% | -10.5% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 2.5% | 3.5% | ||
| Q3 25 | 1.4% | 3.1% | ||
| Q2 25 | 1.4% | 3.6% | ||
| Q1 25 | 1.2% | 3.3% | ||
| Q4 24 | 2.2% | 4.7% | ||
| Q3 24 | 1.2% | 4.7% | ||
| Q2 24 | 1.3% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 2.61× | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.09× | 0.71× | ||
| Q1 25 | -0.52× | 1.07× | ||
| Q4 24 | 1.44× | -0.66× | ||
| Q3 24 | 2.07× | 0.82× | ||
| Q2 24 | 1.42× | -0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
