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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
COMFORT SYSTEMS USA INC is the larger business by last-quarter revenue ($2.6B vs $2.1B, roughly 1.3× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 12.5%, a 33.6% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $402.4M). Over the past eight quarters, COMFORT SYSTEMS USA INC's revenue compounded faster (31.2% CAGR vs -7.2%).
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.
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
FIX vs OVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $2.1B |
| Net Profit | $330.8M | $946.0M |
| Gross Margin | 25.5% | — |
| Operating Margin | 16.1% | 21.2% |
| Net Margin | 12.5% | 46.1% |
| Revenue YoY | 41.7% | -6.0% |
| Net Profit YoY | 126.8% | 1676.7% |
| EPS (diluted) | $9.35 | $3.64 |
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 | $2.1B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.8B | $2.2B | ||
| Q1 24 | $1.5B | $2.4B |
| Q4 25 | $330.8M | $946.0M | ||
| Q3 25 | $291.6M | $148.0M | ||
| Q2 25 | $230.8M | $307.0M | ||
| Q1 25 | $169.3M | $-159.0M | ||
| Q4 24 | $145.9M | $-60.0M | ||
| Q3 24 | $146.2M | $507.0M | ||
| Q2 24 | $134.0M | $340.0M | ||
| Q1 24 | $96.3M | $338.0M |
| 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% | 21.2% | ||
| Q3 25 | 15.5% | 13.5% | ||
| Q2 25 | 13.8% | 23.1% | ||
| Q1 25 | 11.4% | -3.7% | ||
| Q4 24 | 12.1% | 0.1% | ||
| Q3 24 | 11.2% | 24.2% | ||
| Q2 24 | 10.2% | 25.4% | ||
| Q1 24 | 8.8% | 20.7% |
| Q4 25 | 12.5% | 46.1% | ||
| Q3 25 | 11.9% | 7.3% | ||
| Q2 25 | 10.6% | 13.9% | ||
| Q1 25 | 9.2% | -6.7% | ||
| Q4 24 | 7.8% | -2.7% | ||
| Q3 24 | 8.1% | 23.3% | ||
| Q2 24 | 7.4% | 15.5% | ||
| Q1 24 | 6.3% | 14.2% |
| Q4 25 | $9.35 | $3.64 | ||
| Q3 25 | $8.25 | $0.57 | ||
| Q2 25 | $6.53 | $1.18 | ||
| Q1 25 | $4.75 | $-0.61 | ||
| Q4 24 | $4.08 | $-0.22 | ||
| Q3 24 | $4.09 | $1.92 | ||
| Q2 24 | $3.74 | $1.27 | ||
| Q1 24 | $2.69 | $1.24 |
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 | $280.0M |
| Total DebtLower is stronger | $145.2M | $5.2B |
| Stockholders' EquityBook value | $2.4B | $11.2B |
| Total Assets | $6.4B | $20.4B |
| Debt / EquityLower = less leverage | 0.06× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $981.9M | $280.0M | ||
| Q3 25 | $860.5M | $25.0M | ||
| Q2 25 | $331.7M | $20.0M | ||
| Q1 25 | $204.8M | $8.0M | ||
| Q4 24 | $549.9M | $42.0M | ||
| Q3 24 | $415.6M | $9.0M | ||
| Q2 24 | $199.4M | $8.0M | ||
| Q1 24 | $100.8M | $5.0M |
| Q4 25 | $145.2M | $5.2B | ||
| Q3 25 | $136.0M | $5.2B | ||
| Q2 25 | $73.0M | $5.3B | ||
| Q1 25 | $67.8M | $5.5B | ||
| Q4 24 | $68.3M | $5.5B | ||
| Q3 24 | $62.3M | $5.9B | ||
| Q2 24 | $73.4M | $6.1B | ||
| Q1 24 | $77.0M | $6.2B |
| Q4 25 | $2.4B | $11.2B | ||
| Q3 25 | $2.2B | $10.2B | ||
| Q2 25 | $2.0B | $10.4B | ||
| Q1 25 | $1.8B | $10.1B | ||
| Q4 24 | $1.7B | $10.3B | ||
| Q3 24 | $1.6B | $10.7B | ||
| Q2 24 | $1.5B | $10.3B | ||
| Q1 24 | $1.4B | $10.3B |
| Q4 25 | $6.4B | $20.4B | ||
| Q3 25 | $5.8B | $19.4B | ||
| Q2 25 | $5.1B | $19.7B | ||
| Q1 25 | $4.6B | $19.6B | ||
| Q4 24 | $4.7B | $19.3B | ||
| Q3 24 | $4.4B | $19.9B | ||
| Q2 24 | $4.2B | $19.8B | ||
| Q1 24 | $3.9B | $19.8B |
| Q4 25 | 0.06× | 0.46× | ||
| Q3 25 | 0.06× | 0.51× | ||
| Q2 25 | 0.04× | 0.51× | ||
| Q1 25 | 0.04× | 0.55× | ||
| Q4 24 | 0.04× | 0.53× | ||
| Q3 24 | 0.04× | 0.55× | ||
| Q2 24 | 0.05× | 0.59× | ||
| Q1 24 | 0.06× | 0.60× |
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 | $954.0M |
| Free Cash FlowOCF − Capex | $402.4M | $489.0M |
| FCF MarginFCF / Revenue | 15.2% | 23.8% |
| Capex IntensityCapex / Revenue | 2.5% | 22.6% |
| Cash ConversionOCF / Net Profit | 1.42× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $468.5M | $954.0M | ||
| Q3 25 | $553.3M | $812.0M | ||
| Q2 25 | $252.5M | $1.0B | ||
| Q1 25 | $-88.0M | $873.0M | ||
| Q4 24 | $210.5M | $1.0B | ||
| Q3 24 | $302.2M | $1.0B | ||
| Q2 24 | $189.9M | $1.0B | ||
| Q1 24 | $146.6M | $659.0M |
| Q4 25 | $402.4M | $489.0M | ||
| Q3 25 | $517.9M | $268.0M | ||
| Q2 25 | $221.2M | $492.0M | ||
| Q1 25 | $-110.2M | $256.0M | ||
| Q4 24 | $169.8M | $468.0M | ||
| Q3 24 | $280.1M | $484.0M | ||
| Q2 24 | $166.5M | $398.0M | ||
| Q1 24 | $121.6M | $68.0M |
| Q4 25 | 15.2% | 23.8% | ||
| Q3 25 | 21.1% | 13.3% | ||
| Q2 25 | 10.2% | 22.2% | ||
| Q1 25 | -6.0% | 10.8% | ||
| Q4 24 | 9.1% | 21.4% | ||
| Q3 24 | 15.5% | 22.2% | ||
| Q2 24 | 9.2% | 18.1% | ||
| Q1 24 | 7.9% | 2.8% |
| Q4 25 | 2.5% | 22.6% | ||
| Q3 25 | 1.4% | 26.9% | ||
| Q2 25 | 1.4% | 23.5% | ||
| Q1 25 | 1.2% | 26.0% | ||
| Q4 24 | 2.2% | 25.3% | ||
| Q3 24 | 1.2% | 24.7% | ||
| Q2 24 | 1.3% | 28.4% | ||
| Q1 24 | 1.6% | 24.8% |
| Q4 25 | 1.42× | 1.01× | ||
| Q3 25 | 1.90× | 5.49× | ||
| Q2 25 | 1.09× | 3.30× | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | 2.02× | ||
| Q2 24 | 1.42× | 3.00× | ||
| Q1 24 | 1.52× | 1.95× |
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
