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COMFORT SYSTEMS USA INC（FIX）与安森美半导体（ON）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是安森美半导体的1.7倍（$2.6B vs $1.6B），安森美半导体净利率更高（16.4% vs 12.5%，领先3.9%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -10.0%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $372.4M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -12.3%）
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。
安森美半导体旗下原仙童半导体是总部位于美国加利福尼亚州圣何塞的半导体企业，1957年由从肖克利半导体实验室离职的“八叛逆”创立，是晶体管和集成电路制造领域的先驱，曾历经多次股权变更，1997年再度独立运营后并入安森美。
FIX vs ON — 直观对比
营收规模更大
FIX
是对方的1.7倍
$1.6B
营收增速更快
FIX
高出51.6%
-10.0%
净利率更高
ON
高出3.9%
12.5%
自由现金流更多
FIX
多$30.1M
$372.4M
两年增速更快
FIX
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.6B |
| 净利润 | $330.8M | $255.0M |
| 毛利率 | 25.5% | 37.9% |
| 营业利润率 | 16.1% | 17.0% |
| 净利率 | 12.5% | 16.4% |
| 营收同比 | 41.7% | -10.0% |
| 净利润同比 | 126.8% | -32.9% |
| 每股收益（稀释后） | $9.35 | $0.63 |
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FIXON
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.5B | $1.9B |
净利润FIXON
| Q4 25 | $330.8M | $255.0M | ||
| Q3 25 | $291.6M | $170.3M | ||
| Q2 25 | $230.8M | $-486.1M | ||
| Q1 25 | $169.3M | — | ||
| Q4 24 | $145.9M | $379.9M | ||
| Q3 24 | $146.2M | $401.7M | ||
| Q2 24 | $134.0M | $338.2M | ||
| Q1 24 | $96.3M | $453.0M |
毛利率FIXON
| Q4 25 | 25.5% | 37.9% | ||
| Q3 25 | 24.8% | 37.6% | ||
| Q2 25 | 23.5% | 20.3% | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 23.2% | 45.2% | ||
| Q3 24 | 21.1% | 45.4% | ||
| Q2 24 | 20.1% | 45.2% | ||
| Q1 24 | 19.3% | 45.8% |
营业利润率FIXON
| Q4 25 | 16.1% | 17.0% | ||
| Q3 25 | 15.5% | 13.2% | ||
| Q2 25 | 13.8% | -39.7% | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 12.1% | 23.7% | ||
| Q3 24 | 11.2% | 25.3% | ||
| Q2 24 | 10.2% | 22.4% | ||
| Q1 24 | 8.8% | 28.2% |
净利率FIXON
| Q4 25 | 12.5% | 16.4% | ||
| Q3 25 | 11.9% | 11.6% | ||
| Q2 25 | 10.6% | -33.6% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 7.8% | 22.1% | ||
| Q3 24 | 8.1% | 22.8% | ||
| Q2 24 | 7.4% | 19.5% | ||
| Q1 24 | 6.3% | 24.3% |
每股收益（稀释后）FIXON
| Q4 25 | $9.35 | $0.63 | ||
| Q3 25 | $8.25 | $0.41 | ||
| Q2 25 | $6.53 | $-1.15 | ||
| Q1 25 | $4.75 | — | ||
| Q4 24 | $4.08 | $0.88 | ||
| Q3 24 | $4.09 | $0.93 | ||
| Q2 24 | $3.74 | $0.78 | ||
| Q1 24 | $2.69 | $1.04 |
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 | $2.9B |
| 总债务越低越好 | $145.2M | $3.4B |
| 股东权益账面价值 | $2.4B | $7.9B |
| 总资产 | $6.4B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资FIXON
| Q4 25 | $981.9M | $2.9B | ||
| Q3 25 | $860.5M | $2.8B | ||
| Q2 25 | $331.7M | $3.0B | ||
| Q1 25 | $204.8M | — | ||
| Q4 24 | $549.9M | $3.0B | ||
| Q3 24 | $415.6M | $2.8B | ||
| Q2 24 | $199.4M | $2.7B | ||
| Q1 24 | $100.8M | $2.6B |
总债务FIXON
| Q4 25 | $145.2M | $3.4B | ||
| Q3 25 | $136.0M | $3.4B | ||
| Q2 25 | $73.0M | $3.4B | ||
| Q1 25 | $67.8M | — | ||
| Q4 24 | $68.3M | $3.4B | ||
| Q3 24 | $62.3M | $3.4B | ||
| Q2 24 | $73.4M | $3.4B | ||
| Q1 24 | $77.0M | $3.4B |
股东权益FIXON
| Q4 25 | $2.4B | $7.9B | ||
| Q3 25 | $2.2B | $7.9B | ||
| Q2 25 | $2.0B | $8.0B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | $8.8B | ||
| Q3 24 | $1.6B | $8.6B | ||
| Q2 24 | $1.5B | $8.3B | ||
| Q1 24 | $1.4B | $8.1B |
总资产FIXON
| Q4 25 | $6.4B | $13.0B | ||
| Q3 25 | $5.8B | $13.1B | ||
| Q2 25 | $5.1B | $13.3B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.7B | $14.1B | ||
| Q3 24 | $4.4B | $13.9B | ||
| Q2 24 | $4.2B | $13.7B | ||
| Q1 24 | $3.9B | $13.5B |
负债/权益比FIXON
| Q4 25 | 0.06× | 0.43× | ||
| Q3 25 | 0.06× | 0.43× | ||
| Q2 25 | 0.04× | 0.42× | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 0.38× | ||
| Q3 24 | 0.04× | 0.39× | ||
| Q2 24 | 0.05× | 0.41× | ||
| Q1 24 | 0.06× | 0.42× |
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 | $418.7M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $372.4M |
| 自由现金流率自由现金流/营收 | 15.2% | 24.0% |
| 资本支出强度资本支出/营收 | 2.5% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.64× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.4B |
8季度趋势，按日历期对齐
经营现金流FIXON
| Q4 25 | $468.5M | $418.7M | ||
| Q3 25 | $553.3M | $184.3M | ||
| Q2 25 | $252.5M | $602.3M | ||
| Q1 25 | $-88.0M | — | ||
| Q4 24 | $210.5M | $579.7M | ||
| Q3 24 | $302.2M | $465.8M | ||
| Q2 24 | $189.9M | $362.2M | ||
| Q1 24 | $146.6M | $498.7M |
自由现金流FIXON
| Q4 25 | $402.4M | $372.4M | ||
| Q3 25 | $517.9M | $106.1M | ||
| Q2 25 | $221.2M | $454.7M | ||
| Q1 25 | $-110.2M | — | ||
| Q4 24 | $169.8M | $434.8M | ||
| Q3 24 | $280.1M | $293.6M | ||
| Q2 24 | $166.5M | $207.7M | ||
| Q1 24 | $121.6M | $276.3M |
自由现金流率FIXON
| Q4 25 | 15.2% | 24.0% | ||
| Q3 25 | 21.1% | 7.2% | ||
| Q2 25 | 10.2% | 31.5% | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | 9.1% | 25.2% | ||
| Q3 24 | 15.5% | 16.7% | ||
| Q2 24 | 9.2% | 12.0% | ||
| Q1 24 | 7.9% | 14.8% |
资本支出强度FIXON
| Q4 25 | 2.5% | 3.0% | ||
| Q3 25 | 1.4% | 5.3% | ||
| Q2 25 | 1.4% | 10.2% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.2% | 8.4% | ||
| Q3 24 | 1.2% | 9.8% | ||
| Q2 24 | 1.3% | 8.9% | ||
| Q1 24 | 1.6% | 11.9% |
现金转化率FIXON
| Q4 25 | 1.42× | 1.64× | ||
| Q3 25 | 1.90× | 1.08× | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | 1.53× | ||
| Q3 24 | 2.07× | 1.16× | ||
| Q2 24 | 1.42× | 1.07× | ||
| Q1 24 | 1.52× | 1.10× |
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% |
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
