Comfort Systems USA management check
FIX · Industrials · Construction & Engineering · CEO Mr. Lane
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $1815, against $220 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.98 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.0% of net income$10.6m of reported pay in fiscal 2025, against $1.0bn of net income.
- Watch
Do they own the stock?
Insiders are selling7 insiders sold $103.0m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.7% a year over the last three fiscal years. Stock-based pay was 1.2% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: Mr. Lane. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 99 | 86 | |
| CEO cost | 49 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 58 | 62 | |
| Stable leadership | 100 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Construction & Engineering, by management score. Comfort Systems USA is 4th of 81 in its sector.
- 16EMEEmcor86
- 21GEGE Aerospace85
- 28FIXComfort Systems USA84
- 39GEVGE Vernova83
- 134PWRQuanta Services73
- 335JJacobs Solutions59
Pay versus performance
From the proxy statement filed April 9, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Lane | $10.6m | $21.2m | $2.8m | $1815 | $220 | $1.0bn |
| 2024 | Mr. Lane | $8.2m | $14.5m | $2.4m | $821 | $182 | $522.4m |
| 2023 | Mr. Lane | $6.6m | $10.7m | $3.2m | $397 | $158 | $323.4m |
| 2022 | Mr. Lane | $5.4m | $6.9m | $1.6m | $221 | $115 | $245.9m |
| 2021 | Mr. Lane | $4.5m | $7.8m | $1.3m | $189 | $128 | $143.3m |
The board says pay is tied most to earnings per share. Its other key measures: Earnings Per Share, Free Cash Flow, Relative Total Shareholder Return.
Insiders and the CEO's stake
7 insiders sold $103.0m in the last six months and none bought.
- SoldBrian E. LaneCHIEF EXECUTIVE OFF.$47.7mAug 26, 2026
- SoldFranklin MyersDirector$34.3mAug 11, 2026
- SoldWilliam Iii GeorgeCHIEF FINANCIAL OFFICER$14.6mAug 17, 2026
- SoldWilliam J SandbrookDirector$2.6mApr 29, 2026
Leadership and governance on file
- Oct 22, 2026Leadership change8-K 5.02
- Jun 22, 2026Leadership change8-K 5.02
- Dec 19, 2025Leadership change8-K 5.02
- Mar 20, 2025Leadership change8-K 5.02
- Jul 19, 2024Leadership change8-K 5.02
- Sep 28, 2023Leadership change8-K 5.02
- Mar 23, 2023Leadership change8-K 5.02
- Jan 19, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 21, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $539.8m returned to owners in buybacks and dividends, 24% of net income, and $72.5m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.1bn | $4.1bn | $5.2bn | $7.0bn | $1.8bn |
| Net income | $143.3m | $245.9m | $323.4m | $522.4m | $1.0bn |
| Stock-based pay | $10.6m | $10.5m | $12.9m | $16.6m | $21.8m |
| Buybacks | $27.1m | $38.2m | $21.2m | $57.9m | $216.0m |
| Dividends | $17.4m | $20.1m | $30.4m | $42.8m | $68.8m |
| Diluted shares | 36m | 36m | 36m | 36m | 35m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.