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COMFORT SYSTEMS USA INC（FIX）与NetApp（NTAP）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NetApp的1.6倍（$2.6B vs $1.7B），NetApp净利率更高（17.9% vs 12.5%，领先5.4%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 2.8%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $78.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 3.0%）
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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
FIX vs NTAP — 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38.8%
2.8%
净利率更高
NTAP
高出5.4%
12.5%
自由现金流更多
FIX
多$324.4M
$78.0M
两年增速更快
FIX
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.7B |
| 净利润 | $330.8M | $305.0M |
| 毛利率 | 25.5% | 72.0% |
| 营业利润率 | 16.1% | 23.4% |
| 净利率 | 12.5% | 17.9% |
| 营收同比 | 41.7% | 2.8% |
| 净利润同比 | 126.8% | 2.0% |
| 每股收益（稀释后） | $9.35 | $1.51 |
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FIXNTAP
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.5B | $1.6B |
净利润FIXNTAP
| Q4 25 | $330.8M | $305.0M | ||
| Q3 25 | $291.6M | $233.0M | ||
| Q2 25 | $230.8M | $340.0M | ||
| Q1 25 | $169.3M | $299.0M | ||
| Q4 24 | $145.9M | $299.0M | ||
| Q3 24 | $146.2M | $248.0M | ||
| Q2 24 | $134.0M | $291.0M | ||
| Q1 24 | $96.3M | $313.0M |
毛利率FIXNTAP
| Q4 25 | 25.5% | 72.0% | ||
| Q3 25 | 24.8% | 70.4% | ||
| Q2 25 | 23.5% | 68.9% | ||
| Q1 25 | 22.0% | 69.8% | ||
| Q4 24 | 23.2% | 71.0% | ||
| Q3 24 | 21.1% | 71.3% | ||
| Q2 24 | 20.1% | 70.5% | ||
| Q1 24 | 19.3% | 71.7% |
营业利润率FIXNTAP
| Q4 25 | 16.1% | 23.4% | ||
| Q3 25 | 15.5% | 19.8% | ||
| Q2 25 | 13.8% | 20.1% | ||
| Q1 25 | 11.4% | 22.1% | ||
| Q4 24 | 12.1% | 20.8% | ||
| Q3 24 | 11.2% | 18.3% | ||
| Q2 24 | 10.2% | 21.9% | ||
| Q1 24 | 8.8% | 22.8% |
净利率FIXNTAP
| Q4 25 | 12.5% | 17.9% | ||
| Q3 25 | 11.9% | 14.9% | ||
| Q2 25 | 10.6% | 19.6% | ||
| Q1 25 | 9.2% | 18.2% | ||
| Q4 24 | 7.8% | 18.0% | ||
| Q3 24 | 8.1% | 16.1% | ||
| Q2 24 | 7.4% | 17.4% | ||
| Q1 24 | 6.3% | 19.5% |
每股收益（稀释后）FIXNTAP
| Q4 25 | $9.35 | $1.51 | ||
| Q3 25 | $8.25 | $1.15 | ||
| Q2 25 | $6.53 | $1.64 | ||
| Q1 25 | $4.75 | $1.44 | ||
| Q4 24 | $4.08 | $1.42 | ||
| Q3 24 | $4.09 | $1.17 | ||
| Q2 24 | $3.74 | $1.36 | ||
| Q1 24 | $2.69 | $1.48 |
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 | $3.0B |
| 总债务越低越好 | $145.2M | $2.5B |
| 股东权益账面价值 | $2.4B | $986.0M |
| 总资产 | $6.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.06× | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资FIXNTAP
| Q4 25 | $981.9M | $3.0B | ||
| Q3 25 | $860.5M | $3.3B | ||
| Q2 25 | $331.7M | $3.8B | ||
| Q1 25 | $204.8M | $2.3B | ||
| Q4 24 | $549.9M | $2.2B | ||
| Q3 24 | $415.6M | $3.0B | ||
| Q2 24 | $199.4M | $3.3B | ||
| Q1 24 | $100.8M | $2.9B |
总债务FIXNTAP
| Q4 25 | $145.2M | $2.5B | ||
| Q3 25 | $136.0M | $2.5B | ||
| Q2 25 | $73.0M | $3.2B | ||
| Q1 25 | $67.8M | $2.0B | ||
| Q4 24 | $68.3M | $2.0B | ||
| Q3 24 | $62.3M | $2.4B | ||
| Q2 24 | $73.4M | $2.4B | ||
| Q1 24 | $77.0M | $2.4B |
股东权益FIXNTAP
| Q4 25 | $2.4B | $986.0M | ||
| Q3 25 | $2.2B | $975.0M | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $1.8B | $995.0M | ||
| Q4 24 | $1.7B | $892.0M | ||
| Q3 24 | $1.6B | $929.0M | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $994.0M |
总资产FIXNTAP
| Q4 25 | $6.4B | $9.6B | ||
| Q3 25 | $5.8B | $9.7B | ||
| Q2 25 | $5.1B | $10.8B | ||
| Q1 25 | $4.6B | $9.0B | ||
| Q4 24 | $4.7B | $9.0B | ||
| Q3 24 | $4.4B | $9.3B | ||
| Q2 24 | $4.2B | $9.9B | ||
| Q1 24 | $3.9B | $9.4B |
负债/权益比FIXNTAP
| Q4 25 | 0.06× | 2.52× | ||
| Q3 25 | 0.06× | 2.55× | ||
| Q2 25 | 0.04× | 3.11× | ||
| Q1 25 | 0.04× | 2.00× | ||
| Q4 24 | 0.04× | 2.23× | ||
| Q3 24 | 0.04× | 2.58× | ||
| Q2 24 | 0.05× | 2.09× | ||
| Q1 24 | 0.06× | 2.41× |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $78.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 4.6% |
| 资本支出强度资本支出/营收 | 2.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.42× | 0.42× |
| 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FIXNTAP
| Q4 25 | $468.5M | $127.0M | ||
| Q3 25 | $553.3M | $673.0M | ||
| Q2 25 | $252.5M | — | ||
| Q1 25 | $-88.0M | $385.0M | ||
| Q4 24 | $210.5M | — | ||
| Q3 24 | $302.2M | $341.0M | ||
| Q2 24 | $189.9M | $613.0M | ||
| Q1 24 | $146.6M | $484.0M |
自由现金流FIXNTAP
| Q4 25 | $402.4M | $78.0M | ||
| Q3 25 | $517.9M | $620.0M | ||
| Q2 25 | $221.2M | — | ||
| Q1 25 | $-110.2M | $338.0M | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $280.1M | $300.0M | ||
| Q2 24 | $166.5M | $567.0M | ||
| Q1 24 | $121.6M | $448.0M |
自由现金流率FIXNTAP
| Q4 25 | 15.2% | 4.6% | ||
| Q3 25 | 21.1% | 39.8% | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -6.0% | 20.6% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 15.5% | 19.5% | ||
| Q2 24 | 9.2% | 34.0% | ||
| Q1 24 | 7.9% | 27.9% |
资本支出强度FIXNTAP
| Q4 25 | 2.5% | 2.9% | ||
| Q3 25 | 1.4% | 3.4% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.2% | 2.9% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% | ||
| Q1 24 | 1.6% | 2.2% |
现金转化率FIXNTAP
| Q4 25 | 1.42× | 0.42× | ||
| Q3 25 | 1.90× | 2.89× | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | -0.52× | 1.29× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.07× | 1.38× | ||
| Q2 24 | 1.42× | 2.11× | ||
| Q1 24 | 1.52× | 1.55× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
