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Side-by-side financial comparison of COMFORT SYSTEMS USA INC (FIX) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Ulta Beauty is the larger business by last-quarter revenue ($2.9B vs $2.6B, roughly 1.1× COMFORT SYSTEMS USA INC). COMFORT SYSTEMS USA INC runs the higher net margin — 12.5% vs 8.1%, a 4.4% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs 12.9%). COMFORT SYSTEMS USA INC produced more free cash flow last quarter ($402.4M vs $-81.6M). 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.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
FIX vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $2.9B |
| Net Profit | $330.8M | $230.9M |
| Gross Margin | 25.5% | 40.4% |
| Operating Margin | 16.1% | 10.8% |
| Net Margin | 12.5% | 8.1% |
| Revenue YoY | 41.7% | 12.9% |
| Net Profit YoY | 126.8% | -4.7% |
| EPS (diluted) | $9.35 | $5.14 |
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 | $2.9B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.5B | $3.6B |
| Q4 25 | $330.8M | $230.9M | ||
| Q3 25 | $291.6M | $260.9M | ||
| Q2 25 | $230.8M | $305.1M | ||
| Q1 25 | $169.3M | — | ||
| Q4 24 | $145.9M | $242.2M | ||
| Q3 24 | $146.2M | $252.6M | ||
| Q2 24 | $134.0M | $313.1M | ||
| Q1 24 | $96.3M | $394.4M |
| Q4 25 | 25.5% | 40.4% | ||
| Q3 25 | 24.8% | 39.2% | ||
| Q2 25 | 23.5% | 39.1% | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 23.2% | 39.7% | ||
| Q3 24 | 21.1% | 38.3% | ||
| Q2 24 | 20.1% | 39.2% | ||
| Q1 24 | 19.3% | 37.7% |
| Q4 25 | 16.1% | 10.8% | ||
| Q3 25 | 15.5% | 12.4% | ||
| Q2 25 | 13.8% | 14.1% | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 12.1% | 12.6% | ||
| Q3 24 | 11.2% | 12.9% | ||
| Q2 24 | 10.2% | 14.7% | ||
| Q1 24 | 8.8% | 14.5% |
| Q4 25 | 12.5% | 8.1% | ||
| Q3 25 | 11.9% | 9.4% | ||
| Q2 25 | 10.6% | 10.7% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 7.8% | 9.6% | ||
| Q3 24 | 8.1% | 9.9% | ||
| Q2 24 | 7.4% | 11.5% | ||
| Q1 24 | 6.3% | 11.1% |
| Q4 25 | $9.35 | $5.14 | ||
| Q3 25 | $8.25 | $5.78 | ||
| Q2 25 | $6.53 | $6.70 | ||
| Q1 25 | $4.75 | — | ||
| Q4 24 | $4.08 | $5.14 | ||
| Q3 24 | $4.09 | $5.30 | ||
| Q2 24 | $3.74 | $6.47 | ||
| Q1 24 | $2.69 | $8.06 |
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 | $204.9M |
| Total DebtLower is stronger | $145.2M | — |
| Stockholders' EquityBook value | $2.4B | $2.6B |
| Total Assets | $6.4B | $7.0B |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $981.9M | $204.9M | ||
| Q3 25 | $860.5M | $242.7M | ||
| Q2 25 | $331.7M | $454.6M | ||
| Q1 25 | $204.8M | — | ||
| Q4 24 | $549.9M | $177.8M | ||
| Q3 24 | $415.6M | $414.0M | ||
| Q2 24 | $199.4M | $524.6M | ||
| Q1 24 | $100.8M | $766.6M |
| 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 | $2.6B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.4B | $2.3B |
| Q4 25 | $6.4B | $7.0B | ||
| Q3 25 | $5.8B | $6.6B | ||
| Q2 25 | $5.1B | $6.0B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.7B | $6.0B | ||
| Q3 24 | $4.4B | $5.7B | ||
| Q2 24 | $4.2B | $5.6B | ||
| Q1 24 | $3.9B | $5.7B |
| 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 | $5.6M |
| Free Cash FlowOCF − Capex | $402.4M | $-81.6M |
| FCF MarginFCF / Revenue | 15.2% | -2.9% |
| Capex IntensityCapex / Revenue | 2.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.42× | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $468.5M | $5.6M | ||
| Q3 25 | $553.3M | $96.5M | ||
| Q2 25 | $252.5M | $220.0M | ||
| Q1 25 | $-88.0M | — | ||
| Q4 24 | $210.5M | $-56.8M | ||
| Q3 24 | $302.2M | $199.5M | ||
| Q2 24 | $189.9M | $159.3M | ||
| Q1 24 | $146.6M | $1.1B |
| Q4 25 | $402.4M | $-81.6M | ||
| Q3 25 | $517.9M | $19.6M | ||
| Q2 25 | $221.2M | $141.0M | ||
| Q1 25 | $-110.2M | — | ||
| Q4 24 | $169.8M | $-171.1M | ||
| Q3 24 | $280.1M | $104.3M | ||
| Q2 24 | $166.5M | $68.3M | ||
| Q1 24 | $121.6M | $994.0M |
| Q4 25 | 15.2% | -2.9% | ||
| Q3 25 | 21.1% | 0.7% | ||
| Q2 25 | 10.2% | 4.9% | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | 9.1% | -6.8% | ||
| Q3 24 | 15.5% | 4.1% | ||
| Q2 24 | 9.2% | 2.5% | ||
| Q1 24 | 7.9% | 28.0% |
| Q4 25 | 2.5% | 3.1% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 1.4% | 2.8% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.2% | 4.5% | ||
| Q3 24 | 1.2% | 3.7% | ||
| Q2 24 | 1.3% | 3.3% | ||
| Q1 24 | 1.6% | 3.5% |
| Q4 25 | 1.42× | 0.02× | ||
| Q3 25 | 1.90× | 0.37× | ||
| Q2 25 | 1.09× | 0.72× | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | -0.23× | ||
| Q3 24 | 2.07× | 0.79× | ||
| Q2 24 | 1.42× | 0.51× | ||
| Q1 24 | 1.52× | 2.84× |
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% |
ULTA
Segment breakdown not available.
