Key Takeaways FIX delivered record Q3 2025 operating cash flow, with free cash flow of $519M and backlog supporting results.Comfort Systems ended Q3 with a $725M net cash position, ample liquidity and modest leverage for flexibility.FIX prioritized buybacks and acquisitions, repurchasing $125M and 345,000 shares, keeping M&A flexibility.Comfort Systems USA, Inc. (FIX) continues to strengthen its cash flow profile, supported by disciplined execution, a favorable project mix and expanding profitability. Manag ...