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COMFORT SYSTEMS USA INC（FIX）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是格罗方德的1.6倍（$2.6B vs $1.7B），格罗方德净利率更高（14.8% vs 12.5%，领先2.2%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -2.9%），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -4.3%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
FIX vs GFS — 直观对比
营收规模更大
FIX
是对方的1.6倍
$1.7B
营收增速更快
FIX
高出44.6%
-2.9%
净利率更高
GFS
高出2.2%
12.5%
两年增速更快
FIX
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.7B |
| 净利润 | $330.8M | $249.0M |
| 毛利率 | 25.5% | 24.8% |
| 营业利润率 | 16.1% | 11.6% |
| 净利率 | 12.5% | 14.8% |
| 营收同比 | 41.7% | -2.9% |
| 净利润同比 | 126.8% | 39.9% |
| 每股收益（稀释后） | $9.35 | $0.44 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FIXGFS
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润FIXGFS
| Q4 25 | $330.8M | — | ||
| Q3 25 | $291.6M | $249.0M | ||
| Q2 25 | $230.8M | $228.0M | ||
| Q1 25 | $169.3M | $211.0M | ||
| Q4 24 | $145.9M | — | ||
| Q3 24 | $146.2M | $178.0M | ||
| Q2 24 | $134.0M | $155.0M | ||
| Q1 24 | $96.3M | $134.0M |
毛利率FIXGFS
| Q4 25 | 25.5% | — | ||
| Q3 25 | 24.8% | 24.8% | ||
| Q2 25 | 23.5% | 24.2% | ||
| Q1 25 | 22.0% | 22.4% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 21.1% | 23.8% | ||
| Q2 24 | 20.1% | 24.2% | ||
| Q1 24 | 19.3% | 25.4% |
营业利润率FIXGFS
| Q4 25 | 16.1% | — | ||
| Q3 25 | 15.5% | 11.6% | ||
| Q2 25 | 13.8% | 11.6% | ||
| Q1 25 | 11.4% | 9.5% | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 11.2% | 10.6% | ||
| Q2 24 | 10.2% | 9.5% | ||
| Q1 24 | 8.8% | 9.5% |
净利率FIXGFS
| Q4 25 | 12.5% | — | ||
| Q3 25 | 11.9% | 14.8% | ||
| Q2 25 | 10.6% | 13.5% | ||
| Q1 25 | 9.2% | 13.3% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 8.1% | 10.2% | ||
| Q2 24 | 7.4% | 9.5% | ||
| Q1 24 | 6.3% | 8.7% |
每股收益（稀释后）FIXGFS
| Q4 25 | $9.35 | — | ||
| Q3 25 | $8.25 | $0.44 | ||
| Q2 25 | $6.53 | $0.41 | ||
| Q1 25 | $4.75 | $0.38 | ||
| Q4 24 | $4.08 | — | ||
| Q3 24 | $4.09 | $0.32 | ||
| Q2 24 | $3.74 | $0.28 | ||
| Q1 24 | $2.69 | $0.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $981.9M | $2.0B |
| 总债务越低越好 | $145.2M | — |
| 股东权益账面价值 | $2.4B | $11.8B |
| 总资产 | $6.4B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资FIXGFS
| Q4 25 | $981.9M | — | ||
| Q3 25 | $860.5M | $2.0B | ||
| Q2 25 | $331.7M | $1.8B | ||
| Q1 25 | $204.8M | $1.6B | ||
| Q4 24 | $549.9M | — | ||
| Q3 24 | $415.6M | $2.3B | ||
| Q2 24 | $199.4M | $2.2B | ||
| Q1 24 | $100.8M | $2.2B |
总债务FIXGFS
| 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 | — |
股东权益FIXGFS
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.2B | $11.8B | ||
| Q2 25 | $2.0B | $11.5B | ||
| Q1 25 | $1.8B | $11.1B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $11.6B | ||
| Q2 24 | $1.5B | $11.3B | ||
| Q1 24 | $1.4B | $11.3B |
总资产FIXGFS
| Q4 25 | $6.4B | — | ||
| Q3 25 | $5.8B | $16.7B | ||
| Q2 25 | $5.1B | $16.8B | ||
| Q1 25 | $4.6B | $16.5B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.4B | $18.1B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
负债/权益比FIXGFS
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $468.5M | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | — |
| 自由现金流率自由现金流/营收 | 15.2% | — |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 现金转化率经营现金流/净利润 | 1.42× | 2.39× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流FIXGFS
| Q4 25 | $468.5M | — | ||
| Q3 25 | $553.3M | $595.0M | ||
| Q2 25 | $252.5M | $431.0M | ||
| Q1 25 | $-88.0M | $331.0M | ||
| Q4 24 | $210.5M | — | ||
| Q3 24 | $302.2M | $375.0M | ||
| Q2 24 | $189.9M | $402.0M | ||
| Q1 24 | $146.6M | $488.0M |
自由现金流FIXGFS
| Q4 25 | $402.4M | — | ||
| Q3 25 | $517.9M | — | ||
| Q2 25 | $221.2M | — | ||
| Q1 25 | $-110.2M | — | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $280.1M | — | ||
| Q2 24 | $166.5M | — | ||
| Q1 24 | $121.6M | — |
自由现金流率FIXGFS
| Q4 25 | 15.2% | — | ||
| Q3 25 | 21.1% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 7.9% | — |
资本支出强度FIXGFS
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.6% | — |
现金转化率FIXGFS
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.90× | 2.39× | ||
| Q2 25 | 1.09× | 1.89× | ||
| Q1 25 | -0.52× | 1.57× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | 2.11× | ||
| Q2 24 | 1.42× | 2.59× | ||
| Q1 24 | 1.52× | 3.64× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
