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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.6B, roughly 1.4× COMFORT SYSTEMS USA INC). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 12.5%, a 3.6% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $402.4M). Over the past eight quarters, COMFORT SYSTEMS USA INC's revenue compounded faster (31.2% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
FIX vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $3.6B |
| Net Profit | $330.8M | $576.8M |
| Gross Margin | 25.5% | — |
| Operating Margin | 16.1% | 22.2% |
| Net Margin | 12.5% | 16.1% |
| Revenue YoY | 41.7% | -6.9% |
| Net Profit YoY | 126.8% | 5.0% |
| EPS (diluted) | $9.35 | $48.22 |
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.
| Q4 25 | $2.6B | $3.6B | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.2B | $4.6B | ||
| Q1 25 | $1.8B | $3.4B | ||
| Q4 24 | $1.9B | $3.8B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.8B | $3.7B | ||
| Q1 24 | $1.5B | $4.5B |
| Q4 25 | $330.8M | $576.8M | ||
| Q3 25 | $291.6M | $751.3M | ||
| Q2 25 | $230.8M | $657.1M | ||
| Q1 25 | $169.3M | $121.7M | ||
| Q4 24 | $145.9M | $549.2M | ||
| Q3 24 | $146.2M | $905.0M | ||
| Q2 24 | $134.0M | $267.7M | ||
| Q1 24 | $96.3M | $1.0B |
| 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 24 | 19.3% | — |
| Q4 25 | 16.1% | 22.2% | ||
| Q3 25 | 15.5% | 25.7% | ||
| Q2 25 | 13.8% | 24.1% | ||
| Q1 25 | 11.4% | 8.3% | ||
| Q4 24 | 12.1% | 15.5% | ||
| Q3 24 | 11.2% | 29.7% | ||
| Q2 24 | 10.2% | 11.1% | ||
| Q1 24 | 8.8% | 29.9% |
| Q4 25 | 12.5% | 16.1% | ||
| Q3 25 | 11.9% | 19.1% | ||
| Q2 25 | 10.6% | 14.3% | ||
| Q1 25 | 9.2% | 3.6% | ||
| Q4 24 | 7.8% | 14.3% | ||
| Q3 24 | 8.1% | 19.6% | ||
| Q2 24 | 7.4% | 7.2% | ||
| Q1 24 | 6.3% | 23.0% |
| Q4 25 | $9.35 | $48.22 | ||
| Q3 25 | $8.25 | $59.25 | ||
| Q2 25 | $6.53 | $49.67 | ||
| Q1 25 | $4.75 | $12.08 | ||
| Q4 24 | $4.08 | $39.02 | ||
| Q3 24 | $4.09 | $66.25 | ||
| Q2 24 | $3.74 | $18.62 | ||
| Q1 24 | $2.69 | $75.43 |
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 | $4.0B |
| Total DebtLower is stronger | $145.2M | $4.3B |
| Stockholders' EquityBook value | $2.4B | $18.6B |
| Total Assets | $6.4B | $68.9B |
| Debt / EquityLower = less leverage | 0.06× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $981.9M | $4.0B | ||
| Q3 25 | $860.5M | $4.0B | ||
| Q2 25 | $331.7M | $3.7B | ||
| Q1 25 | $204.8M | $4.2B | ||
| Q4 24 | $549.9M | $3.7B | ||
| Q3 24 | $415.6M | $3.9B | ||
| Q2 24 | $199.4M | $3.5B | ||
| Q1 24 | $100.8M | $3.6B |
| Q4 25 | $145.2M | $4.3B | ||
| Q3 25 | $136.0M | $4.3B | ||
| Q2 25 | $73.0M | $4.4B | ||
| Q1 25 | $67.8M | $4.4B | ||
| Q4 24 | $68.3M | $4.3B | ||
| Q3 24 | $62.3M | $4.4B | ||
| Q2 24 | $73.4M | $4.4B | ||
| Q1 24 | $77.0M | $3.9B |
| Q4 25 | $2.4B | $18.6B | ||
| Q3 25 | $2.2B | $18.0B | ||
| Q2 25 | $2.0B | $17.3B | ||
| Q1 25 | $1.8B | $17.1B | ||
| Q4 24 | $1.7B | $16.9B | ||
| Q3 24 | $1.6B | $17.0B | ||
| Q2 24 | $1.5B | $15.9B | ||
| Q1 24 | $1.4B | $15.7B |
| Q4 25 | $6.4B | $68.9B | ||
| Q3 25 | $5.8B | $67.4B | ||
| Q2 25 | $5.1B | $66.8B | ||
| Q1 25 | $4.6B | $64.6B | ||
| Q4 24 | $4.7B | $61.9B | ||
| Q3 24 | $4.4B | $62.3B | ||
| Q2 24 | $4.2B | $59.7B | ||
| Q1 24 | $3.9B | $57.3B |
| Q4 25 | 0.06× | 0.23× | ||
| Q3 25 | 0.06× | 0.24× | ||
| Q2 25 | 0.04× | 0.25× | ||
| Q1 25 | 0.04× | 0.26× | ||
| Q4 24 | 0.04× | 0.26× | ||
| Q3 24 | 0.04× | 0.26× | ||
| Q2 24 | 0.05× | 0.28× | ||
| Q1 24 | 0.06× | 0.25× |
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 | $662.2M |
| Free Cash FlowOCF − Capex | $402.4M | $599.1M |
| FCF MarginFCF / Revenue | 15.2% | 16.7% |
| Capex IntensityCapex / Revenue | 2.5% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.42× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $468.5M | $662.2M | ||
| Q3 25 | $553.3M | $1.2B | ||
| Q2 25 | $252.5M | $504.4M | ||
| Q1 25 | $-88.0M | $376.2M | ||
| Q4 24 | $210.5M | $493.9M | ||
| Q3 24 | $302.2M | $890.8M | ||
| Q2 24 | $189.9M | $578.6M | ||
| Q1 24 | $146.6M | $630.7M |
| Q4 25 | $402.4M | $599.1M | ||
| Q3 25 | $517.9M | $1.2B | ||
| Q2 25 | $221.2M | $453.8M | ||
| Q1 25 | $-110.2M | $335.5M | ||
| Q4 24 | $169.8M | $420.0M | ||
| Q3 24 | $280.1M | $838.9M | ||
| Q2 24 | $166.5M | $521.4M | ||
| Q1 24 | $121.6M | $558.7M |
| Q4 25 | 15.2% | 16.7% | ||
| Q3 25 | 21.1% | 29.6% | ||
| Q2 25 | 10.2% | 9.9% | ||
| Q1 25 | -6.0% | 9.9% | ||
| Q4 24 | 9.1% | 10.9% | ||
| Q3 24 | 15.5% | 18.2% | ||
| Q2 24 | 9.2% | 14.1% | ||
| Q1 24 | 7.9% | 12.5% |
| Q4 25 | 2.5% | 1.8% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.4% | 1.1% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 2.2% | 1.9% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 1.3% | 1.5% | ||
| Q1 24 | 1.6% | 1.6% |
| Q4 25 | 1.42× | 1.15× | ||
| Q3 25 | 1.90× | 1.62× | ||
| Q2 25 | 1.09× | 0.77× | ||
| Q1 25 | -0.52× | 3.09× | ||
| Q4 24 | 1.44× | 0.90× | ||
| Q3 24 | 2.07× | 0.98× | ||
| Q2 24 | 1.42× | 2.16× | ||
| Q1 24 | 1.52× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
