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Fiscal Spend '25: HVAC
10 tickers · $480.21B total market cap
Group: Fiscal Spend
Fiscal-driven reindustrialization, energy transition incentives, and data center/EV infrastructure spending are driving sustained multi-year demand for electrification, thermal management, and efficient power conversion across industrial and HVAC-linked ecosystems.
Fiscal Spend '25: HVAC tracks 10 publicly listed stocks in this theme: AAON, BEAN.SW, FERG, FIX, JCI, LII, MOD, TT, VRT, WSO. See the constituent table for details.
Thesis update: 2025-10-04
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Vertiv Holdings CoVRT | 04/22/2026 (BMO) | 04/22/2026 (BMO) | 18.48% | 2.98% | 32.10% | 0.27% | $123.44B | 10.0000 |
Trane Technologies plcTT | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 6.69% | 1.48% | 13.98% | -7.91% | $99.04B | 10.0000 |
Johnson Controls International plcJCI | 05/06/2026 (BMO) | 05/06/2026 (BMO) | 6.86% | -3.85% | 9.28% | -2.75% | $82.62B | 10.0000 |
Comfort Systems USA, Inc.FIX | 04/23/2026 (AMC) | 04/23/2026 (AMC) | 6.46% | 0.09% | 21.32% | 5.76% | $64.26B | 10.0000 |
Ferguson plcFERG | 05/05/2026 (BMO) | 05/05/2026 (BMO) | 3.72% | -3.29% | 0.05% | -12.15% | $42.97B | 10.0000 |
Lennox International Inc.LII | 04/29/2026 (BMO) | 04/29/2026 (BMO) | -0.54% | 7.95% | -0.12% | -9.76% | $16.80B | 10.0000 |
Watsco, Inc.WSO | 04/28/2026 (BMO) | 04/28/2026 (BMO) | 0.34% | -6.21% | 8.95% | -9.73% | $15.73B | 10.0000 |
Modine Manufacturing CompanyMOD | 02/04/2026 (AMC) | 05/26/2026 (AMC) | 8.11% | — | 19.08% | — | $12.89B | 10.0000 |
BELIMO Holding AGBEAN.SW | 02/23/2026 (AMC) | — | -1.54% | — | -8.14% | — | $11.80B | 10.0000 |
AAON, Inc.AAON | 05/07/2026 (BMO) | 05/07/2026 (BMO) | -5.80% | 42.08% | 3.12% | -6.72% | $10.67B | 10.0000 |
| Average | 4.28% | 5.15% | 9.96% | -5.37% | $48.02B | 10.0000 | ||
| Median | 5.09% | 0.79% | 9.12% | -7.32% | $29.88B | 10.0000 | ||
| Std Dev | 6.39% | 14.56% | 11.38% | 5.65% | $39.67B | 0.0% | ||
| Min | -5.80% | -6.21% | -8.14% | -12.15% | $10.67B | 10.0000 | ||
| Max | 18.48% | 42.08% | 32.10% | 5.76% | $123.44B | 10.0000 | ||
| % Positive Tickers | 70.00% | 62.50% | 80.00% | 25.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.