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COMFORT SYSTEMS USA INC（FIX）与Toast, Inc.（TOST）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Toast, Inc.的1.6倍（$2.6B vs $1.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 6.2%，领先6.3%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 22.0%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $178.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 23.3%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
FIX vs TOST — 直观对比
营收规模更大
FIX
是对方的1.6倍
$1.6B
营收增速更快
FIX
高出19.6%
22.0%
净利率更高
FIX
高出6.3%
6.2%
自由现金流更多
FIX
多$224.4M
$178.0M
两年增速更快
FIX
近两年复合增速
23.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.6B |
| 净利润 | $330.8M | $101.0M |
| 毛利率 | 25.5% | 25.9% |
| 营业利润率 | 16.1% | 5.2% |
| 净利率 | 12.5% | 6.2% |
| 营收同比 | 41.7% | 22.0% |
| 净利润同比 | 126.8% | 215.6% |
| 每股收益（稀释后） | $9.35 | $0.18 |
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FIXTOST
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.5B | $1.1B |
净利润FIXTOST
| Q4 25 | $330.8M | $101.0M | ||
| Q3 25 | $291.6M | $105.0M | ||
| Q2 25 | $230.8M | $80.0M | ||
| Q1 25 | $169.3M | $56.0M | ||
| Q4 24 | $145.9M | $32.0M | ||
| Q3 24 | $146.2M | $56.0M | ||
| Q2 24 | $134.0M | $14.0M | ||
| Q1 24 | $96.3M | $-83.0M |
毛利率FIXTOST
| Q4 25 | 25.5% | 25.9% | ||
| Q3 25 | 24.8% | 26.5% | ||
| Q2 25 | 23.5% | 25.3% | ||
| Q1 25 | 22.0% | 25.9% | ||
| Q4 24 | 23.2% | 24.9% | ||
| Q3 24 | 21.1% | 24.7% | ||
| Q2 24 | 20.1% | 23.0% | ||
| Q1 24 | 19.3% | 23.2% |
营业利润率FIXTOST
| Q4 25 | 16.1% | 5.2% | ||
| Q3 25 | 15.5% | 5.1% | ||
| Q2 25 | 13.8% | 5.2% | ||
| Q1 25 | 11.4% | 3.2% | ||
| Q4 24 | 12.1% | 2.5% | ||
| Q3 24 | 11.2% | 2.6% | ||
| Q2 24 | 10.2% | 0.4% | ||
| Q1 24 | 8.8% | -5.2% |
净利率FIXTOST
| Q4 25 | 12.5% | 6.2% | ||
| Q3 25 | 11.9% | 6.4% | ||
| Q2 25 | 10.6% | 5.2% | ||
| Q1 25 | 9.2% | 4.2% | ||
| Q4 24 | 7.8% | 2.4% | ||
| Q3 24 | 8.1% | 4.3% | ||
| Q2 24 | 7.4% | 1.1% | ||
| Q1 24 | 6.3% | -7.7% |
每股收益（稀释后）FIXTOST
| Q4 25 | $9.35 | $0.18 | ||
| Q3 25 | $8.25 | $0.16 | ||
| Q2 25 | $6.53 | $0.13 | ||
| Q1 25 | $4.75 | $0.09 | ||
| Q4 24 | $4.08 | $0.09 | ||
| Q3 24 | $4.09 | $0.07 | ||
| Q2 24 | $3.74 | $0.02 | ||
| Q1 24 | $2.69 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $145.2M | — |
| 股东权益账面价值 | $2.4B | $2.1B |
| 总资产 | $6.4B | $3.1B |
| 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FIXTOST
| Q4 25 | $981.9M | $1.4B | ||
| Q3 25 | $860.5M | $1.4B | ||
| Q2 25 | $331.7M | $1.2B | ||
| Q1 25 | $204.8M | $1.0B | ||
| Q4 24 | $549.9M | $903.0M | ||
| Q3 24 | $415.6M | $761.0M | ||
| Q2 24 | $199.4M | $691.0M | ||
| Q1 24 | $100.8M | $578.0M |
总债务FIXTOST
| 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FIXTOST
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.4B | $1.2B |
总资产FIXTOST
| Q4 25 | $6.4B | $3.1B | ||
| Q3 25 | $5.8B | $3.0B | ||
| Q2 25 | $5.1B | $2.8B | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | $4.7B | $2.4B | ||
| Q3 24 | $4.4B | $2.2B | ||
| Q2 24 | $4.2B | $2.2B | ||
| Q1 24 | $3.9B | $2.1B |
负债/权益比FIXTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $178.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 10.9% |
| 资本支出强度资本支出/营收 | 2.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $608.0M |
8季度趋势，按日历期对齐
经营现金流FIXTOST
| Q4 25 | $468.5M | $194.0M | ||
| Q3 25 | $553.3M | $165.0M | ||
| Q2 25 | $252.5M | $223.0M | ||
| Q1 25 | $-88.0M | $79.0M | ||
| Q4 24 | $210.5M | $147.0M | ||
| Q3 24 | $302.2M | $109.0M | ||
| Q2 24 | $189.9M | $124.0M | ||
| Q1 24 | $146.6M | $-20.0M |
自由现金流FIXTOST
| Q4 25 | $402.4M | $178.0M | ||
| Q3 25 | $517.9M | $153.0M | ||
| Q2 25 | $221.2M | $208.0M | ||
| Q1 25 | $-110.2M | $69.0M | ||
| Q4 24 | $169.8M | $134.0M | ||
| Q3 24 | $280.1M | $97.0M | ||
| Q2 24 | $166.5M | $108.0M | ||
| Q1 24 | $121.6M | $-33.0M |
自由现金流率FIXTOST
| Q4 25 | 15.2% | 10.9% | ||
| Q3 25 | 21.1% | 9.4% | ||
| Q2 25 | 10.2% | 13.4% | ||
| Q1 25 | -6.0% | 5.2% | ||
| Q4 24 | 9.1% | 10.0% | ||
| Q3 24 | 15.5% | 7.4% | ||
| Q2 24 | 9.2% | 8.7% | ||
| Q1 24 | 7.9% | -3.1% |
资本支出强度FIXTOST
| Q4 25 | 2.5% | 1.0% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 2.2% | 1.0% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率FIXTOST
| Q4 25 | 1.42× | 1.92× | ||
| Q3 25 | 1.90× | 1.57× | ||
| Q2 25 | 1.09× | 2.79× | ||
| Q1 25 | -0.52× | 1.41× | ||
| Q4 24 | 1.44× | 4.59× | ||
| Q3 24 | 2.07× | 1.95× | ||
| Q2 24 | 1.42× | 8.86× | ||
| Q1 24 | 1.52× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
