CRKNYSECrude Petroleum & Natural GasFiscal year ends December 31
COMSTOCK RESOURCES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$14.24+0.24 (+1.71%)
Close on Oct 19, 2026
- Market cap
- $4.15B
- P/E (TTM)
- 8.0
- Dividend yield
- 0.00%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
29.1%+10.1 pts over 5 years
Net margin
17.8%+23.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +77.0% | -15.1% | +20.9% | – | |
| Operating income | – | -34.3% | +31.7% | – | |
| Net income | – | -29.4% | – | – | |
| EPS, diluted | – | -29.7% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 61.1% | -4.4% | 16.2% | |
| Return on assets | -13.0% | -1.1% | 5.9% | |
| Current ratio | 0.98 | 0.45 | 0.49 | |
| Debt to equity | -3.85 | 1.99 | 1.06 | |
| Net debt to EBITDA | -23.13× | 4.29× | 2.16× | |
| Interest coverage | -1.4× | 0.7× | 2.9× | |
| Capex to revenue | – | 59.4% | 60.8% | |
| Diluted shares | 12M | 215M | 294M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Comstock Resources generated $5.10B from operations and spent $5.80B on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$5.10B
Used
$5.80B
Capital expenditure$5.63B97%Dividends$173.67M3%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.8%
×Asset turnover0.33×
×Equity multiplier2.74×
=Return on equity, FY202516.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 17.8% | 0.33× | 2.74× | 16.2% |
| FY2024 | -18.3% | 0.20× | 2.75× | -10.0% |
| FY2023 | 13.5% | 0.26× | 2.58× | 9.1% |
| FY2022 | 31.0% | 0.70× | 3.15× | 68.4% |
| FY2021 | -14.0% | 0.40× | 4.08× | -22.7% |
| FY2020 | -6.1% | 0.18× | 3.85× | -4.4% |
| FY2019 | 12.6% | 0.22× | 4.00× | 11.3% |
| FY2017 | -43.6% | 0.28× | -2.84× | 34.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$395.61M
- Cash generatingOperating cash flow above zero$899.61M
- Return on assets improvedROA up on the prior year-3.7% → 6.2%
- Earnings backed by cashOperating cash flow above net income$899.61M vs $395.61M
- Less leverageLong-term debt to assets fell46.3% → 40.1%
- Better liquidityCurrent ratio rose0.46 → 0.49
- No dilutionShare count did not rise287M → 294M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.20 → 0.35