XML 144 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2024
Pay vs Performance Disclosure [Table]                  
Pay vs Performance Disclosure, Table

Pay vs. Performance Table

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid, as computed under SEC rules, and certain financial performance of the Company. For more information about the Company’s executive compensation program, refer to the CD&A starting on p. 33 and the compensation tables starting on p. 51. Note that for our Named Executive Officers (“NEOs”) other than Mr. Lane, our principal executive officer (“PEO”), compensation is reported as an average.

                                 
                    Value of Initial Fixed $100
Investment Based on:		        
Year
  Summary
Compensation
Table Total for
PEO ($)(1)		   Compensation
Actually Paid to
PEO ($)(2)		   Average Summary
Compensation
Table Total for
Non-PEO NEOs
($)(1)		   Average
Compensation
Actually Paid to
Non-PEO
NEOs
($)(2)		   Total
Shareholder
Return
($)(3)		   Peer
Group
Total
Shareholder
Return
($)(4)		   Net
Income
(thousands)
($)(5)		   Earnings
Per Share
($)(6)
(a)   (b)   (c)   (d)   (e)   (f)   (g)   (h)   (i)
2024   8,176,738   14,549,444   2,398,730   5,142,103   876.81   218.59   522,433   14.60
2023   6,635,459   10,681,797   3,226,300   4,022,097   423.80   189.57   323,398   9.01
2022   5,386,708   6,948,812   1,616,978   1,907,821   235.94   137.67   245,947   6.82
2021   4,503,087   7,814,908   1,288,647   1,950,011   201.71   153.00   143,348   3.93
2020   4,060,002   4,388,659   1,061,468   1,109,474   106.73   119.84   150,139   4.09
                
Company Selected Measure Name earnings per share                
Named Executive Officers, Footnote
(1) Reflects the amounts of total compensation reported for Mr. Lane in column (b) and the average amounts of total compensation of the NEOs (other than Mr. Lane) in column (d), in each case, for each applicable year in the “Total” column of the “Summary Compensation Table.” The NEOs included for purposes of calculating such amounts are William George, Trent McKenna (2021-2024 only), Laura Howell, Julie Shaeff, and Terrence Young (2020 only).
                
Peer Group Issuers, Footnote [Text Block]
(4) The amounts reported in column (g) represent the peer group TSR under SEC rules, from December 31, 2019, the last trading day of 2019, through the last trading day for the applicable year in the table, assuming reinvestment of dividends and weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P 400 Capital Goods Index. While not directly comparable, the Company believes that the S&P 400 Capital Good Index is an appropriate trade or line of business index.
                
PEO Total Compensation Amount $ 8,176,738 $ 6,635,459 $ 5,386,708 $ 4,503,087 $ 4,060,002        
PEO Actually Paid Compensation Amount $ 14,549,444 10,681,797 6,948,812 7,814,908 4,388,659        
Adjustment To PEO Compensation, Footnote
                   
       Year       Reported Summary
Compensation Table
Total for PEO
($)		       Reported Value of
Stock Awards
($)(a)		       Equity Award
Adjustments
($)(b)		       Compensation
Actually Paid to
PEO
($)
  2024   8,176,738   (4,509,860)   10,882,566   14,549,444
  2023   6,635,459   (3,256,375)   7,302,713   10,681,797
  2022   5,386,708   (2,613,579)   4,175,683   6,948,812
  2021   4,503,087   (2,375,954)   5,687,775   7,814,908
  2020   4,060,002   (1,912,479)   2,241,136   4,388,659
     (a) Reflects the amounts reported in the “Stock Awards” column of the Summary Compensation Table for the applicable year for the PEO as reflected in the table above and the average of non-PEO NEOs set forth in the table below, as applicable. These amounts reflect the aggregate grant date fair value of stock awards granted during the applicable year, as determined in accordance with ASC Topic 718, excluding the effect of estimated forfeitures.
  (b) The equity award adjustments (or average equity award adjustments, as applicable) for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The amounts deducted or added in calculating the equity award adjustments are as follows:
                               
       Year       Fair Value of
Outstanding
and Unvested
Equity Awards
Granted in
Same Year
($)		       Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)		       Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)		       Year over Year
Change in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year
($)		       Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet
Vesting Conditions
in
the Year
($)		       Value of Dividends
or other Earnings
Paid on Stock or
Option Awards not
Otherwise Reflected
in Fair Value or Total
Compensation
($)		       Total Equity
Award
Adjustments
($)
  2024   4,723,391   4,566,941   —   1,592,234   —   —   10,882,566
  2023   3,676,557   3,073,436   —   552,720   —   —   7,302,713
  2022   2,672,724   1,653,961   —   (151,002)   —   —   4,175,683
  2021   2,618,925   2,491,617   —   577,233   —   —   5,687,775
  2020   1,766,757   817,233   —   (342,854)   —   —   2,241,136
                
Non-PEO NEO Average Total Compensation Amount $ 2,398,730 3,226,300 1,616,978 1,288,647 1,061,468        
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,142,103 4,022,097 1,907,821 1,950,011 1,109,474        
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Under SEC rules, the amounts shown below were deducted and added to total compensation for non-PEO NEOs to determine the “compensation actually paid” for the applicable year:

                   
          Year       Average Reported Summary
Compensation Table Total for
Non-PEO NEOs
($)		       Average Reported
Value of Stock Awards
($)(a) above		       Average Equity Award
Adjustments
($)(b) above		       Average Compensation
Actually Paid to Non-PEO
NEOs ($)
  2024   2,398,730   (884,813)   3,628,186   5,142,103
  2023   3,226,300   (1,896,681)   2,692,478   4,022,097
  2022   1,616,978   (499,556)   790,399   1,907,821
  2021   1,288,647   (434,609)   1,095,973   1,950,011
  2020   1,061,468   (330,632)   378,638   1,109,474

The amounts deducted or added in calculating the total average equity award adjustments are as follows:

                               
          Year ($)       Average Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
in Same Year
($)		       Year over Year
Average Change
in Fair Value of
Outstanding and
Unvested Equity
Awards
($)		       Average Fair
Value as of
Vesting Date of
Equity Awards
Granted and
Vested in
the Year
($)		       Year over Year
Average Change
in Fair Value of
Equity Awards
Granted in Prior
Years that Vested
in the Year
($)		       Average Fair Value
at the End of the
Prior Year of Equity
Awards that Failed
to Meet Vesting
Conditions in
the Year
($)		       Average Value of
Dividends or other
Earnings Paid on
Stock or Option
Awards not
Otherwise Reflected
in Fair Value or
Total Compensation
($)		       Total Average
Equity Award
Adjustments
($)
  2024   926,607   1,797,928   —   903,651   —   —   3,628,186
  2023   2,004,075   581,873   —   106,530   —   —   2,692,478
  2022   510,773   308,871   —   (29,245)   —   —   790,399
  2021   478,976   497,219   —   119,778   —   —   1,095,973
  2020   305,434   134,023   —   (60,819)   —   —   378,638
                
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship between: (a) the compensation actually paid to the Company’s PEO and (b) the average of the compensation actually paid to the Company’s other NEOs to (i) the TSR of the Company. 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Company TSR

                
Compensation Actually Paid vs. Net Income [Text Block]

Relationship between: (a) the compensation actually paid to the Company’s PEO and (b) the average of the compensation actually paid to the Company’s other NEOs to (ii) the net income of the Company over the five years presented in the table. 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Net Income

                
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship between: (a) the compensation actually paid to the Company’s PEO and (b) the average of the compensation actually paid to the Company’s other NEOs to (iii) the Company’s “Company-selected Measure,” which is EPS, over the five years presented in the table. 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Company EPS

                
Total Shareholder Return Vs Peer Group [Text Block]

Relationship between the Company’s TSR and the TSR of its chosen peer group over the Company’s five fiscal years included in the Pay vs. Performance Table. 

Comparison of Cumulative TSR of
Comfort Systems USA, Inc. and Peer Group

                
Tabular List [Table Text Block]

Company-selected Measures

2024 Key Performance Measures Linking Performance and Executive Compensation Actually Paid:*
Earnings Per Share
Free Cash Flow
Relative Total Shareholder Return
* For a further discussion of how we calculate EPS, FCF, and Relative TSR, see the “Liquidity and Capital Resources” section and Notes 14 and 15 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024.
                
Total Shareholder Return Amount         106.73 $ 201.71 $ 235.94 $ 423.80 $ 876.81
Peer Group Total Shareholder Return Amount         119.84 $ 153.00 $ 137.67 $ 189.57 $ 218.59
Net Income (Loss) Attributable to Parent $ 522,433,000 $ 323,398,000 $ 245,947,000 $ 143,348,000 $ 150,139,000        
Company Selected Measure Amount 14.60 9.01 6.82 3.93 4.09        
PEO Name Mr. Lane Mr. Lane Mr. Lane Mr. Lane Mr. Lane        
Measure [Axis]: 1                  
Pay vs Performance Disclosure [Table]                  
Measure Name Earnings Per Share                
Non-GAAP Measure Description [Text Block]
(6) The amounts reported in column (i) represent the Company’s earnings per share, which the Company has determined represents the most important performance measure used to link compensation actually paid to our PEO and other NEOs to the Company’s performance.
                
Measure [Axis]: 2                  
Pay vs Performance Disclosure [Table]                  
Measure Name Free Cash Flow                
Measure [Axis]: 3                  
Pay vs Performance Disclosure [Table]                  
Measure Name Relative Total Shareholder Return                
Reported Valueof Stock Awards [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount $ (4,509,860) $ (3,256,375) $ (2,613,579) $ (2,375,954) $ (1,912,479)        
Equity Award Adjustments [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 10,882,566 7,302,713 4,175,683 5,687,775 2,241,136        
Fair Value Of Outstanding And Unvested Equity Awards Granted In Same Year [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 4,723,391 3,676,557 2,672,724 2,618,925 1,766,757        
Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 4,566,941 3,073,436 1,653,961 2,491,617 817,233        
Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 1,592,234 552,720 (151,002) 577,233 (342,854)        
Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Total Equity Award Adjustments [Member] | PEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 10,882,566 7,302,713 4,175,683 5,687,775 2,241,136        
Average Reported Value Of Stock Awards [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount (884,813) (1,896,681) (499,556) (434,609) (330,632)        
Average Equity Award Adjustments [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 3,628,186 2,692,478 790,399 1,095,973 378,638        
Average Fair Value Of Outstanding And Unvested Equity Awards Granted In Same Year [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 926,607 2,004,075 510,773 478,976 305,434        
Year Over Year Average Change In Fair Value Of Outstanding And Unvested Equity Awards [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 1,797,928 581,873 308,871 497,219 134,023        
Average Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Year Over Year Average Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 903,651 106,530 (29,245) 119,778 (60,819)        
Average Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Average Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount 0 0 0 0 0        
Total Average Equity Award Adjustments [Member] | Non-PEO NEO [Member]                  
Pay vs Performance Disclosure [Table]                  
Adjustment to Compensation Amount $ 3,628,186 $ 2,692,478 $ 790,399 $ 1,095,973 $ 378,638