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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and Las Vegas Sands (LVS). Click either name above to swap in a different company.
Las Vegas Sands is the larger business by last-quarter revenue ($3.6B vs $2.6B, roughly 1.4× COMFORT SYSTEMS USA INC). Las Vegas Sands runs the higher net margin — 17.9% vs 12.5%, a 5.4% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs 25.3%). Over the past eight quarters, COMFORT SYSTEMS USA INC's revenue compounded faster (31.2% CAGR vs 13.9%).
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.
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
FIX vs LVS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $3.6B |
| Net Profit | $330.8M | $641.0M |
| Gross Margin | 25.5% | — |
| Operating Margin | 16.1% | 25.2% |
| Net Margin | 12.5% | 17.9% |
| Revenue YoY | 41.7% | 25.3% |
| Net Profit YoY | 126.8% | 57.1% |
| EPS (diluted) | $9.35 | $0.85 |
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 | — | $3.6B | ||
| Q4 25 | $2.6B | $3.6B | ||
| Q3 25 | $2.5B | $3.3B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.8B | $2.8B |
| Q1 26 | — | $641.0M | ||
| Q4 25 | $330.8M | $395.0M | ||
| Q3 25 | $291.6M | $419.0M | ||
| Q2 25 | $230.8M | $461.0M | ||
| Q1 25 | $169.3M | $352.0M | ||
| Q4 24 | $145.9M | $324.0M | ||
| Q3 24 | $146.2M | $275.0M | ||
| Q2 24 | $134.0M | $353.0M |
| Q1 26 | — | — | ||
| 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 | — | 25.2% | ||
| Q4 25 | 16.1% | 19.4% | ||
| Q3 25 | 15.5% | 21.6% | ||
| Q2 25 | 13.8% | 24.7% | ||
| Q1 25 | 11.4% | 21.3% | ||
| Q4 24 | 12.1% | 20.4% | ||
| Q3 24 | 11.2% | 18.8% | ||
| Q2 24 | 10.2% | 21.4% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 12.5% | 10.8% | ||
| Q3 25 | 11.9% | 12.6% | ||
| Q2 25 | 10.6% | 14.5% | ||
| Q1 25 | 9.2% | 12.3% | ||
| Q4 24 | 7.8% | 11.2% | ||
| Q3 24 | 8.1% | 10.3% | ||
| Q2 24 | 7.4% | 12.8% |
| Q1 26 | — | $0.85 | ||
| Q4 25 | $9.35 | $0.59 | ||
| Q3 25 | $8.25 | $0.61 | ||
| Q2 25 | $6.53 | $0.66 | ||
| Q1 25 | $4.75 | $0.49 | ||
| Q4 24 | $4.08 | $0.44 | ||
| Q3 24 | $4.09 | $0.38 | ||
| Q2 24 | $3.74 | $0.48 |
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 | — |
| Total DebtLower is stronger | $145.2M | — |
| Stockholders' EquityBook value | $2.4B | — |
| Total Assets | $6.4B | — |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $981.9M | $3.8B | ||
| Q3 25 | $860.5M | $3.4B | ||
| Q2 25 | $331.7M | $3.5B | ||
| Q1 25 | $204.8M | $3.0B | ||
| Q4 24 | $549.9M | $3.6B | ||
| Q3 24 | $415.6M | $4.2B | ||
| Q2 24 | $199.4M | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | $14.7B | ||
| Q3 25 | $136.0M | $13.9B | ||
| Q2 25 | $73.0M | $14.9B | ||
| Q1 25 | $67.8M | $10.9B | ||
| Q4 24 | $68.3M | $10.6B | ||
| Q3 24 | $62.3M | $11.3B | ||
| Q2 24 | $73.4M | $12.8B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $1.8B | $2.7B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.5B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $6.4B | $21.9B | ||
| Q3 25 | $5.8B | $21.5B | ||
| Q2 25 | $5.1B | $21.9B | ||
| Q1 25 | $4.6B | $21.2B | ||
| Q4 24 | $4.7B | $20.7B | ||
| Q3 24 | $4.4B | $21.4B | ||
| Q2 24 | $4.2B | $21.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.06× | 9.22× | ||
| Q3 25 | 0.06× | 8.82× | ||
| Q2 25 | 0.04× | 7.48× | ||
| Q1 25 | 0.04× | 4.02× | ||
| Q4 24 | 0.04× | 3.67× | ||
| Q3 24 | 0.04× | 3.29× | ||
| Q2 24 | 0.05× | 3.41× |
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% | — |
| 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 | $1.2B | ||
| Q3 25 | $553.3M | $1.1B | ||
| Q2 25 | $252.5M | $178.0M | ||
| Q1 25 | $-88.0M | $526.0M | ||
| Q4 24 | $210.5M | $915.0M | ||
| Q3 24 | $302.2M | $761.0M | ||
| Q2 24 | $189.9M | $814.0M |
| Q1 26 | — | — | ||
| Q4 25 | $402.4M | $930.0M | ||
| Q3 25 | $517.9M | $886.0M | ||
| Q2 25 | $221.2M | $-108.0M | ||
| Q1 25 | $-110.2M | $147.0M | ||
| Q4 24 | $169.8M | $368.0M | ||
| Q3 24 | $280.1M | $222.0M | ||
| Q2 24 | $166.5M | $529.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 25.5% | ||
| Q3 25 | 21.1% | 26.6% | ||
| Q2 25 | 10.2% | -3.4% | ||
| Q1 25 | -6.0% | 5.1% | ||
| Q4 24 | 9.1% | 12.7% | ||
| Q3 24 | 15.5% | 8.3% | ||
| Q2 24 | 9.2% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 7.5% | ||
| Q3 25 | 1.4% | 6.9% | ||
| Q2 25 | 1.4% | 9.0% | ||
| Q1 25 | 1.2% | 13.2% | ||
| Q4 24 | 2.2% | 18.9% | ||
| Q3 24 | 1.2% | 20.1% | ||
| Q2 24 | 1.3% | 10.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 3.05× | ||
| Q3 25 | 1.90× | 2.66× | ||
| Q2 25 | 1.09× | 0.39× | ||
| Q1 25 | -0.52× | 1.49× | ||
| Q4 24 | 1.44× | 2.82× | ||
| Q3 24 | 2.07× | 2.77× | ||
| Q2 24 | 1.42× | 2.31× |
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% |
LVS
| Casino | $2.7B | 76% |
| Rooms | $377.0M | 11% |
| Mall | $204.0M | 6% |
| Food and beverage | $176.0M | 5% |
| Convention, retail and other | $89.0M | 2% |
