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Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.9B | $1.4B | $420M | $-450M | 15.9% | 53.8% | -292.1% |
| 2024 | $1.3B | $638M | $-219M | $-477M | -9.8% | -19.9% | -203.2% |
| 2023 | $1.6B | $1.0B | $212M | $-408M | 9.0% | -56.9% | -81.4% |
| 2022 | $3.6B | $2.1B | $1.1B | $631M | 50.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,628.06 | 1,565.11 | 1,253.58 | 1,928.35 |
| Cost Of Revenue | - | 1,299.22 | 1,298.87 | 1,383.64 | 1,486.61 |
| Gross Profit | - | 2,328.83 | 266.24 | -130.06 | 441.74 |
| Operating Expense | - | 47.69 | 39.77 | 39.44 | 58.76 |
| Operating Income | - | 2,281.14 | 226.47 | -169.49 | 382.98 |
| EBITDA | - | 2,062.48 | 1,023.92 | 638.19 | 1,372.70 |
| EBIT | - | 1,573.04 | 416.01 | -157.21 | 731.53 |
| Pretax Income | - | 1,401.94 | 246.99 | -367.83 | 508.74 |
| Tax Provision | - | 261.06 | 35.10 | -149.07 | 88.53 |
| Net Income | - | 1,140.88 | 211.89 | -218.75 | 420.20 |
| Net Income Common Stockholders | - | 1,120.59 | 211.57 | -218.75 | 417.13 |
| Total Expenses | - | 1,346.92 | 1,338.64 | 1,423.07 | 1,545.37 |
| Interest Expense | - | 171.09 | 169.02 | 210.62 | 222.80 |
| Selling General And Administration | - | 39.40 | 37.99 | 39.44 | 48.68 |
| Normalized EBITDA | - | 2,771.51 | 836.15 | 627.12 | 1,027.29 |
| Normalized Income | - | 1,717.87 | 50.79 | -227.50 | 134.90 |
| Market Cap | 4,975.21 | 4,975.21 | 4,975.21 | 4,975.21 | 4,975.21 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Comstock Resources, Inc.this co. | CRK | $5.0B | 11.84↓ discount | 1.88 | 15.9% | 5.73 |
| Archrock, Inc. | AROC | $6.6B | 20.30 | 4.39 | 21.6% | 10.54 |
| California Resources Corporation | CRC | $5.6B | 15.83 | 1.56 | 9.9% | 6.23 |
| Magnolia Oil & Gas Corporation | MGY | $5.5B | 17.19 | 2.88 | 16.8% | 6.54 |
| Tidewater Inc. | TDW | $4.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.11 |
| 3.21 |
| 24.5% |
| 10.26 |
| International Seaways, Inc. | INSW | $3.9B | 12.71 | 1.95 | 15.3% | 8.52 |
| Cactus, Inc. | WHD | $3.9B | 23.74 | 3.21 | 13.5% | 11.78 |
| SM Energy Company | SM | $3.3B | 10.65 | 1.43 | 13.5% | 4.18 |
| Par Pacific Holdings, Inc. | PARR | $3.3B | 8.60 | 2.10 | 24.4% | 6.02 |
| Peer Median | - | 14.47 | 2.49 | 16.0% | 7.53 | |