APi Group
APG · Construction & Engineering
$39.45
1.7%Comfort Systems USA
FIX · Construction & Engineering
$1,160.86
9.3%The short version
- Comfort Systems USA is the larger business, with $9.1B of revenue in fiscal 2025 against $7.9B for APi Group.
- Comfort Systems USA grew revenue faster (29.5%, against 12.7%).
- Comfort Systems USA kept more of each dollar of sales as operating profit (14.4% operating margin, against 7.0% operating margin).
- Comfort Systems USA turned more of its sales into free cash flow (11.3% FCF margin, against 8.4% FCF margin).
- Comfort Systems USA earned a higher return on the capital invested in it (73.3%, against 7.7%).
| Latest fiscal year | APG · FY25 | FIX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.2B | $40.9B |
| Revenue | $7.9B | $9.1B |
| Free cash flow | $663M | $1.0B |
| Net income | $302M | $1.0B |
| Growth | ||
| Revenue growth | 12.7% | 29.5% |
| 5-year growth | 17.1% | 26.1% |
| Share count change | 3.5% | −1.0% |
| Profitability | ||
| Gross margin | 31.4% | 24.1% |
| Operating margin | 7.0% | 14.4% |
| Net margin | 3.8% | 11.2% |
| FCF margin | 8.4% | 11.3% |
| Return on capital | 7.7% | 73.3% |
| Return on equity | 9.5% | 49.2% |
| Balance sheet | ||
| Net debt | $1.9B | −$837M |
| Net debt / EBITDA | 2.1x | −0.6x |
| Dividends and buybacks | $75.0M | $285M |
| Valuation & quality | ||
| P/E | — | 25.1x |
| Piotroski F-score | 8 | 7 |
FY16
APG —
FIX $1.6B
FY17
APG —
FIX $1.8B
FY18
APG —
FIX $2.2B
FY19
APG —
FIX $2.6B
FY20
APG $3.6B
FIX $2.9B
FY21
APG $3.9B
FIX $3.1B
FY22
APG $6.6B
FIX $4.1B
FY23
APG $6.9B
FIX $5.2B
FY24
APG $7.0B
FIX $7.0B
FY25
APG $7.9B
FIX $9.1B
APG
FIX
FY16
APG —
FIX 6.2%
FY17
APG —
FIX 5.6%
FY18
APG —
FIX 6.9%
FY19
APG —
FIX 6.3%
FY20
APG −4.6%
FIX 6.7%
FY21
APG 3.5%
FIX 6.1%
FY22
APG 2.5%
FIX 6.1%
FY23
APG 5.2%
FIX 8.0%
FY24
APG 6.9%
FIX 10.7%
FY25
APG 7.0%
FIX 14.4%
APG
FIX
FY16
APG —
FIX $68.0M
FY17
APG —
FIX $78.6M
FY18
APG —
FIX $120M
FY19
APG —
FIX $110M
FY20
APG $458M
FIX $262M
FY21
APG $127M
FIX $158M
FY22
APG $191M
FIX $253M
FY23
APG $428M
FIX $545M
FY24
APG $536M
FIX $738M
FY25
APG $663M
FIX $1.0B
APG
FIX
FY16
APG —
FIX 19.6%
FY17
APG —
FIX 13.8%
FY18
APG —
FIX 23.5%
FY19
APG —
FIX 19.1%
FY20
APG —
FIX 18.3%
FY21
APG 3.0%
FIX 14.1%
FY22
APG 3.5%
FIX 21.8%
FY23
APG 5.7%
FIX 30.1%
FY24
APG 8.0%
FIX 50.2%
FY25
APG 7.7%
FIX 73.3%
APG
FIX
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.