NYSE : CRK
Comstock Resources, Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 14.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.32B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Comstock Resources, Inc. (CRK) reported revenue of 1.88B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.88B | 1.93B | 1.25B | 1.57B | 3.63B | 1.85B |
| Cost of Revenue | 812.34M | 843.12M | 586.03M | 688.90M | 808.39M | 282.67M |
| Gross Profit | 1.07B | 1.09B | 667.55M | 876.21M | 2.82B | 1.57B |
| Selling, General & Admin | 63.14M | 51.01M | 41.64M | 40.05M | 40.79M | 35.82M |
| Operating Expenses | 737.76M | 731.32M | 837.04M | 649.74M | 538.52M | 505.21M |
| Operating Income | 332.37M | 353.91M | -169.49M | 226.47M | 2.28B | 1.06B |
| Interest Expense | -220.88M | -222.80M | -210.62M | -169.02M | -171.09M | -216.25M |
| Other Non Operating Income (Expenses) | 225.02M | 85.68M | 11.41M | 189.41M | -661.61M | -562.25M |
| EBT Excluding Unusual Items | 336.50M | 216.80M | -368.70M | 246.86M | 1.45B | 284.35M |
| Gain (Loss) on Sale of Assets | 295.34M | 291.94M | 875.00K | 125.00K | 340.00K | -162.08M |
| Other Unusual Items | -46.84M | -352.60M | ||||
| Pretax Income | 631.84M | 508.74M | -367.83M | 246.99M | 1.40B | -230.32M |
| Income Tax Expense | 99.47M | 88.53M | -149.07M | 35.09M | 261.06M | 11.40M |
| Earnings From Continuing Operations | 532.37M | 420.20M | -218.75M | 211.89M | 1.14B | -241.72M |
| Minority Interest in Earnings | -24.10M | -24.59M | -10.90M | -777.00K | ||
| Net Income | 508.26M | 395.61M | -229.65M | 211.12M | 1.14B | -241.72M |
| Preferred Dividends & Other Adjustments | 3.93M | 3.08M | 327.00K | 20.29M | 17.50M | |
| Net Income to Common | 504.33M | 392.53M | -229.65M | 210.79M | 1.12B | -259.23M |
| Shares Outstanding (Basic) | 291.28M | 290.78M | 287.01M | 276.81M | 236.04M | 231.63M |
| Shares Outstanding (Diluted) | 292.85M | 294.13M | 287.01M | 276.81M | 277.46M | 231.63M |
| EPS (Basic) | 1.73 | 1.35 | -0.80 | 0.76 | 4.75 | -1.12 |
| EPS (Diluted) | 1.73 | 1.33 | -0.80 | 0.76 | 4.11 | -1.12 |
| Free Cash Flow | -735.22M | -449.67M | -477.14M | -442.25M | 596.52M | 169.79M |
| Free Cash Flow Per Share | -2.51 | -1.53 | -1.66 | -1.60 | 2.15 | 0.73 |
| Dividend Per Share | 0.50 | 0.12 | ||||
| Gross Margin | 56.85% | 56.28% | 53.25% | 55.98% | 77.72% | 84.73% |
| Operating Margin | 17.66% | 18.35% | -13.52% | 14.47% | 62.88% | 57.43% |
| Profit Margin | 26.79% | 20.36% | -18.32% | 13.47% | 30.89% | -14.01% |
| Free Cash Flow Margin | -39.06% | -23.32% | -38.06% | -28.26% | 16.44% | 9.17% |
| EBITDA | 985.30M | 1.02B | 625.91M | 834.38M | 2.77B | 1.53B |
| EBITDA Margin | 52.34% | 53.11% | 49.93% | 53.31% | 76.37% | 82.79% |
| D&A For EBITDA | 652.93M | 670.23M | 795.40M | 607.91M | 489.45M | 469.39M |
| EBIT | 332.37M | 353.91M | -169.49M | 226.47M | 2.28B | 1.06B |
| EBIT Margin | 17.66% | 18.35% | -13.52% | 14.47% | 62.88% | 57.43% |
| Effective Tax Rate | 15.74% | 17.40% | 14.21% | 18.62% | ||
| Revenue as Reported | 2.18B | 2.22B | 1.25B | 1.57B | 3.63B | 1.85B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.01M | 23.93M | 6.80M | 16.67M | 54.65M | 30.66M |
| Cash & Short-Term Investments | 45.01M | 23.93M | 6.80M | 16.67M | 54.65M | 30.66M |
| Accounts Receivable | 180.59M | 242.54M | 174.85M | 231.43M | 510.13M | 267.74M |
| Other Receivables | 5.33M | 18.78M | 37.03M | 14.06M | 14.27M | 7.88M |
| Receivables | 185.92M | 261.32M | 211.87M | 245.49M | 524.40M | 275.62M |
| Prepaid Expenses | 54.40M | 56.10M | 60.50M | 72.56M | 41.54M | 2.18M |
| Other Current Assets | 53.23M | 19.58M | 4.87M | 126.78M | 24.39M | 10.27M |
| Total Current Assets | 338.56M | 360.94M | 284.03M | 461.49M | 644.99M | 318.74M |
| Property, Plant & Equipment | 6.83B | 6.31B | 5.76B | 5.46B | 4.71B | 4.01B |
| Goodwill | 335.90M | 335.90M | 335.90M | 335.90M | 335.90M | 335.90M |
| Other Long-Term Assets | 22.23M | |||||
| Total Assets | 7.52B | 7.01B | 6.38B | 6.25B | 5.69B | 4.67B |
| Accounts Payable | 503.11M | 501.69M | 421.81M | 523.26M | 530.20M | 314.57M |
| Accrued Expenses | 158.59M | 149.25M | 144.82M | 132.57M | 151.85M | 119.37M |
| Current Portion of Leases | 37.60M | 46.94M | 35.93M | 23.77M | 38.41M | 2.44M |
| Current Income Taxes Payable | 12.60M | 4.00M | 1.35M | 1.89M | 31.26M | 15.65M |
| Other Current Liabilities | 27.64M | 8.94M | 4.42M | 181.94M | ||
| Total Current Liabilities | 711.90M | 729.52M | 612.85M | 681.49M | 756.14M | 633.98M |
| Long-Term Debt | 3.10B | 2.81B | 2.95B | 2.64B | 2.15B | 2.62B |
| Long-Term Leases | 33.57M | 47.69M | 37.74M | 47.74M | 52.38M | 4.08M |
| Long-Term Deferred Tax Liabilities | 495.43M | 437.10M | 345.12M | 470.04M | 425.73M | 197.42M |
| Other Long-Term Liabilities | 21.44M | 20.79M | 100.75M | 30.77M | 29.11M | 29.74M |
| Total Liabilities | 4.36B | 4.04B | 4.05B | 3.87B | 3.42B | 3.48B |
| Common Stock | 146.81M | 146.53M | 146.13M | 139.21M | 138.76M | 116.46M |
| Additional Paid-In Capital | 1.19B | 1.38B | 1.37B | 1.26B | 1.25B | 1.10B |
| Retained Earnings | 1.24B | 1.12B | 728.62M | 958.27M | 886.14M | -204.04M |
| Total Common Equity | 2.58B | 2.65B | 2.24B | 2.36B | 2.28B | 1.01B |
| Minority Interest | 584.44M | 316.09M | 92.52M | 24.78M | ||
| Shareholders' Equity | 3.16B | 2.96B | 2.33B | 2.38B | 2.28B | 1.19B |
| Total Liabilities & Equity | 7.52B | 7.01B | 6.38B | 6.25B | 5.69B | 4.67B |
| Total Debt | 3.17B | 2.90B | 3.03B | 2.71B | 2.24B | 2.62B |
| Net Cash (Debt) | -3.12B | -2.88B | -3.02B | -2.70B | -2.19B | -2.59B |
| Net Cash Per Share | -10.67 | -9.79 | -10.52 | -9.74 | -7.89 | -11.19 |
| Filing Date Shares Outstanding | 293.62M | 294.02M | 292.92M | 278.43M | 277.51M | 232.92M |
| Total Common Shares Outstanding | 293.62M | 293.05M | 292.26M | 278.43M | 277.52M | 232.92M |
| Working Capital | -373.33M | -368.58M | -328.82M | -220.00M | -111.15M | -315.25M |
| Book Value Per Share | 8.78 | 9.03 | 7.67 | 8.47 | 8.21 | 4.35 |
| Tangible Book Value | 2.24B | 2.31B | 1.91B | 2.02B | 1.94B | 676.88M |
| Tangible Book Value Per Share | 7.64 | 7.89 | 6.52 | 7.26 | 7.00 | 2.91 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 508.26M | 395.61M | -229.65M | 211.12M | 1.14B | -241.72M |
| Depreciation & Amortization | 652.93M | 670.23M | 795.40M | 607.91M | 489.45M | 469.39M |
| Other Amortization | 12.26M | 11.98M | 11.48M | 7.96M | 10.26M | 21.70M |
| Loss (Gain) From Sale of Assets | -295.34M | -291.94M | -875.00K | -125.00K | -340.00K | 162.08M |
| Stock-Based Compensation | 27.05M | 21.22M | 15.26M | 9.87M | 6.61M | 6.80M |
| Other Operating Activities | -112.11M | 54.17M | 83.58M | -62.23M | 74.96M | 489.97M |
| Change in Accounts Receivable | 138.00K | -60.50M | 56.58M | 278.70M | -242.39M | -121.95M |
| Change in Accounts Payable | 37.59M | 81.31M | -88.55M | -37.09M | 229.25M | 74.78M |
| Change in Other Net Operating Assets | -11.31M | 17.52M | -22.89M | 745.00K | -10.30M | -98.00K |
| Operating Cash Flow | 819.47M | 899.61M | 620.34M | 1.02B | 1.70B | 860.94M |
| Capital Expenditures | -1.55B | -1.35B | -1.10B | -1.46B | -1.10B | -691.14M |
| Sale of Property, Plant & Equipment | 447.27M | 428.87M | 1.21M | 41.30M | 4.19M | 138.39M |
| Other Investing Activities | 20.13M | 5.00M | 11.99M | |||
| Investing Cash Flow | -1.09B | -915.41M | -1.08B | -1.42B | -1.10B | -552.75M |
| Long-Term Debt Issued | 750.00M | 1.02B | 820.00M | 755.00M | 2.78B | |
| Long-Term Debt Repaid | -905.00M | -710.00M | -340.00M | -1.26B | -3.03B | |
| Net Debt Issued (Repaid) | 70.00M | -155.00M | 307.00M | 480.00M | -508.92M | -253.13M |
| Issuance of Common Stock | 100.45M | |||||
| Repurchase of Common Stock | -5.58M | -11.01M | -3.37M | -1.90M | -6.25M | -1.41M |
| Preferred Dividends Paid | -16.01M | -17.50M | ||||
| Common Dividends Paid | -138.99M | -34.69M | ||||
| Dividends Paid | -138.99M | -50.70M | -17.50M | |||
| Other Financing Activities | 222.55M | 198.94M | 49.99M | 23.86M | -10.84M | -35.76M |
| Financing Cash Flow | 286.97M | 32.93M | 454.07M | 362.97M | -576.72M | -307.80M |
| Net Cash Flow | 19.15M | 17.13M | -9.87M | -37.98M | 23.99M | 391.00K |
| Free Cash Flow | -735.22M | -449.67M | -477.14M | -442.25M | 596.52M | 169.79M |
| Free Cash Flow Margin | -39.06% | -23.32% | -38.06% | -28.26% | 16.44% | 9.17% |
| Free Cash Flow Per Share | -2.51 | -1.53 | -1.66 | -1.60 | 2.15 | 0.73 |
| Levered Free Cash Flow | -868.68M | -518.02M | -426.12M | -711.94M | 507.15M | 410.58M |
| Unlevered Free Cash Flow | -742.88M | -390.75M | -305.96M | -614.26M | 603.83M | 524.04M |
| Cash Interest Paid | 208.63M | 210.82M | 190.02M | 161.01M | 166.28M | 203.74M |
| Cash Income Tax Paid | -31.00M | 37.00K | 29.78M | 16.52M | 149.00K | |
| Change in Working Capital | 26.41M | 38.33M | -54.86M | 242.35M | -23.43M | -47.27M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.32B | 6.79B | 5.32B | 2.46B | 3.80B | 1.88B |
| Enterprise Value | 7.45B | 10.23B | 8.41B | 5.10B | 6.30B | 4.84B |
| Last Close Price | 14.72 | 23.18 | 18.22 | 8.85 | 13.09 | 7.67 |
| PE Ratio | 8.53 | 17.31 | 11.69 | 3.40 | ||
| Forward PE | 41.51 | 26.21 | 54.93 | 8.05 | 3.17 | 3.51 |
| PS Ratio | 2.30 | 3.52 | 4.25 | 1.57 | 1.05 | 1.02 |
| PB Ratio | 1.68 | 2.29 | 2.28 | 1.03 | 1.67 | 1.59 |
| P/TBV Ratio | 1.93 | 2.94 | 2.79 | 1.22 | 1.96 | 2.78 |
| P/FCF Ratio | 6.38 | 11.10 | ||||
| P/OCF Ratio | 5.27 | 7.55 | 8.58 | 2.42 | 2.24 | 2.19 |
| PEG Ratio | 1.40 | 61.52 | ||||
| EV/Sales Ratio | 3.96 | 5.31 | 6.71 | 3.26 | 1.74 | 2.62 |
| EV/EBITDA Ratio | 7.56 | 9.99 | 13.44 | 6.11 | 2.27 | 3.16 |
| EV/EBIT Ratio | 22.41 | 28.92 | 22.50 | 2.76 | 4.55 | |
| EV/FCF Ratio | 10.56 | 28.51 | ||||
| Debt / Equity Ratio | 1.00 | 0.98 | 1.30 | 1.14 | 0.98 | 2.21 |
| Debt / EBITDA Ratio | 3.20 | 2.82 | 4.80 | 3.24 | 0.81 | 1.71 |
| Debt / FCF Ratio | 3.76 | 15.44 | ||||
| Net Debt / Equity Ratio | 0.99 | 0.97 | 1.29 | 1.13 | 0.96 | 2.18 |
| Net Debt / EBITDA Ratio | 3.17 | 2.81 | 4.82 | 3.23 | 0.79 | 1.69 |
| Net Debt / FCF Ratio | -4.25 | -6.40 | -6.33 | -6.09 | 3.67 | 15.26 |
| Asset Turnover | 0.27 | 0.29 | 0.20 | 0.26 | 0.70 | 0.40 |
| Quick Ratio | 0.32 | 0.39 | 0.36 | 0.39 | 0.77 | 0.48 |
| Current Ratio | 0.48 | 0.49 | 0.46 | 0.68 | 0.85 | 0.50 |
| Return on Equity (ROE) | 19.02% | 15.87% | -9.28% | 9.09% | 65.83% | -18.39% |
| Return on Assets (ROA) | 2.92% | 3.30% | -1.68% | 2.37% | 27.52% | 14.30% |
| Return on Invested Capital (ROIC) | 4.53% | 5.22% | -3.25% | 4.07% | 45.02% | 27.56% |
| Return on Capital Employed (ROCE) | 4.90% | 5.60% | -2.90% | 4.10% | 46.20% | 26.30% |
| Earnings Yield | 11.73% | 5.82% | -4.31% | 8.57% | 29.99% | -12.83% |
| FCF Yield | -17.01% | -6.62% | -8.96% | -17.95% | 15.68% | 9.01% |
| Dividend Yield | 5.65% | 0.91% | ||||
| Payout Ratio | 65.83% | 4.44% | ||||
| Buyback Yield / Dilution | -0.87% | -2.48% | -3.69% | 0.24% | -19.79% | -7.64% |
| Total Shareholder Return | -0.87% | -2.48% | -3.69% | 5.89% | -18.87% | -7.64% |