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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.6B, roughly 1.4× COMFORT SYSTEMS USA INC). SHOPIFY INC. runs the higher net margin — 20.2% vs 12.5%, a 7.7% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs 30.6%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $402.4M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 31.2%).
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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
FIX vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $3.7B |
| Net Profit | $330.8M | $743.0M |
| Gross Margin | 25.5% | 46.1% |
| Operating Margin | 16.1% | 17.2% |
| Net Margin | 12.5% | 20.2% |
| Revenue YoY | 41.7% | 30.6% |
| Net Profit YoY | 126.8% | -42.5% |
| EPS (diluted) | $9.35 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | $330.8M | $743.0M | ||
| Q3 25 | $291.6M | $264.0M | ||
| Q2 25 | $230.8M | $906.0M | ||
| Q1 25 | $169.3M | $-682.0M | ||
| Q4 24 | $145.9M | $1.3B | ||
| Q3 24 | $146.2M | $828.0M | ||
| Q2 24 | $134.0M | $171.0M | ||
| Q1 24 | $96.3M | $-273.0M |
| Q4 25 | 25.5% | 46.1% | ||
| Q3 25 | 24.8% | 48.9% | ||
| Q2 25 | 23.5% | 48.6% | ||
| Q1 25 | 22.0% | 49.5% | ||
| Q4 24 | 23.2% | 48.1% | ||
| Q3 24 | 21.1% | 51.7% | ||
| Q2 24 | 20.1% | 51.1% | ||
| Q1 24 | 19.3% | 51.4% |
| Q4 25 | 16.1% | 17.2% | ||
| Q3 25 | 15.5% | 12.1% | ||
| Q2 25 | 13.8% | 10.9% | ||
| Q1 25 | 11.4% | 8.6% | ||
| Q4 24 | 12.1% | 16.5% | ||
| Q3 24 | 11.2% | 13.1% | ||
| Q2 24 | 10.2% | 11.8% | ||
| Q1 24 | 8.8% | 4.6% |
| Q4 25 | 12.5% | 20.2% | ||
| Q3 25 | 11.9% | 9.3% | ||
| Q2 25 | 10.6% | 33.8% | ||
| Q1 25 | 9.2% | -28.9% | ||
| Q4 24 | 7.8% | 46.0% | ||
| Q3 24 | 8.1% | 38.3% | ||
| Q2 24 | 7.4% | 8.4% | ||
| Q1 24 | 6.3% | -14.7% |
| Q4 25 | $9.35 | $0.58 | ||
| Q3 25 | $8.25 | $0.20 | ||
| Q2 25 | $6.53 | $0.69 | ||
| Q1 25 | $4.75 | $-0.53 | ||
| Q4 24 | $4.08 | $0.99 | ||
| Q3 24 | $4.09 | $0.64 | ||
| Q2 24 | $3.74 | $0.13 | ||
| Q1 24 | $2.69 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $145.2M | — |
| Stockholders' EquityBook value | $2.4B | $13.5B |
| Total Assets | $6.4B | $15.2B |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $981.9M | $5.8B | ||
| Q3 25 | $860.5M | $6.3B | ||
| Q2 25 | $331.7M | $5.8B | ||
| Q1 25 | $204.8M | $5.5B | ||
| Q4 24 | $549.9M | $5.5B | ||
| Q3 24 | $415.6M | — | ||
| Q2 24 | $199.4M | — | ||
| Q1 24 | $100.8M | — |
| Q4 25 | $145.2M | — | ||
| Q3 25 | $136.0M | — | ||
| Q2 25 | $73.0M | — | ||
| Q1 25 | $67.8M | — | ||
| Q4 24 | $68.3M | — | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.4M | — | ||
| Q1 24 | $77.0M | — |
| Q4 25 | $2.4B | $13.5B | ||
| Q3 25 | $2.2B | $12.5B | ||
| Q2 25 | $2.0B | $12.1B | ||
| Q1 25 | $1.8B | $11.1B | ||
| Q4 24 | $1.7B | $11.6B | ||
| Q3 24 | $1.6B | $10.1B | ||
| Q2 24 | $1.5B | $9.2B | ||
| Q1 24 | $1.4B | $8.9B |
| Q4 25 | $6.4B | $15.2B | ||
| Q3 25 | $5.8B | $15.0B | ||
| Q2 25 | $5.1B | $14.6B | ||
| Q1 25 | $4.6B | $13.4B | ||
| Q4 24 | $4.7B | $13.9B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.06× | — |
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 | $725.0M |
| Free Cash FlowOCF − Capex | $402.4M | $715.0M |
| FCF MarginFCF / Revenue | 15.2% | 19.5% |
| Capex IntensityCapex / Revenue | 2.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.42× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $468.5M | $725.0M | ||
| Q3 25 | $553.3M | $513.0M | ||
| Q2 25 | $252.5M | $428.0M | ||
| Q1 25 | $-88.0M | $367.0M | ||
| Q4 24 | $210.5M | $615.0M | ||
| Q3 24 | $302.2M | $423.0M | ||
| Q2 24 | $189.9M | $340.0M | ||
| Q1 24 | $146.6M | $238.0M |
| Q4 25 | $402.4M | $715.0M | ||
| Q3 25 | $517.9M | $507.0M | ||
| Q2 25 | $221.2M | $422.0M | ||
| Q1 25 | $-110.2M | $363.0M | ||
| Q4 24 | $169.8M | $611.0M | ||
| Q3 24 | $280.1M | $421.0M | ||
| Q2 24 | $166.5M | $333.0M | ||
| Q1 24 | $121.6M | $232.0M |
| Q4 25 | 15.2% | 19.5% | ||
| Q3 25 | 21.1% | 17.8% | ||
| Q2 25 | 10.2% | 15.7% | ||
| Q1 25 | -6.0% | 15.4% | ||
| Q4 24 | 9.1% | 21.7% | ||
| Q3 24 | 15.5% | 19.5% | ||
| Q2 24 | 9.2% | 16.3% | ||
| Q1 24 | 7.9% | 12.5% |
| Q4 25 | 2.5% | 0.3% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 2.2% | 0.1% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 1.3% | 0.3% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | 1.42× | 0.98× | ||
| Q3 25 | 1.90× | 1.94× | ||
| Q2 25 | 1.09× | 0.47× | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | 0.48× | ||
| Q3 24 | 2.07× | 0.51× | ||
| Q2 24 | 1.42× | 1.99× | ||
| Q1 24 | 1.52× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
