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Stock research / United States / CRK · Crude Petroleum & Natural Gas · NYSE

Comstock Resources Inc. (CRK)

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Comstock Resources Inc. (CRK) reported revenue of $353 million for Q2 FY2026, the quarter ended 30 June 2026, down 24.9% on the same quarter a year earlier. Net income was $9 million, down 93.0% on the year, and diluted earnings per share $0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$353 milliondown 24.9%
Net income$9 milliondown 93.0%
Diluted EPS$0.03
QuarterQ2 FY2026ended 30 June 2026

Comstock Resources (CRK) in brief

Comstock Resources (CRK) reported revenue of $2.2 billion for fiscal 2025, the year ended 31 December 2025, up 77.0% on the year before.
Read moreNet income was $396 million and diluted earnings per share $1.43. Revenue was $1.3 billion in fiscal 2024, $1.6 billion in fiscal 2023, $3.6 billion in fiscal 2022 and $1.9 billion in fiscal 2021. Net income in the same years was a loss of $230 million, $211 million, $1.1 billion and a loss of $259 million. Over the twelve months to 30 June 2026, Comstock Resources reported revenue of $2.2 billion and net income of $508 million. Revenue grew 20.9% a year, compounded, over the five years to fiscal 2025. Comstock Resources had 294 million shares outstanding at the latest filed count. At 30 June 2026 it carried $3.1 billion of debt and $45 million of cash. At the close of 9 October 2026 the market cap of Comstock Resources was $4.0 billion, 7.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.7%
ROCE11.1%
Operating margin28.8%
Net margin23.3%
FCF margin-33.8%
Interest cover2.84
Debt to equity1.20
Cash conversion1.61
Share count, 1 year0.2%
Sales CAGR, 3 years-15.1%
Profit CAGR, 3 years-29.4%
EPS, TTM$1.78

At the close of 9 October 2026

Price$13.71
Market cap$4.0 billion
Stock P/E7.70
Price to book1.56
EV / EBITDA5.66
Dividend yield0.0%
Market cap / sales1.85
52-week high$27.37
52-week low$12.31
Price, 1 year-30.7%
Price CAGR, 3 years3.8%
Price CAGR, 5 years5.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Comstock Resources Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CRKgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CRK

Filings14 in twelve months: 7 current reports (8-K), about 4 results of operations; 1 regulation FD disclosure; 1 other events; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $1.0 million; latest 5 March 2026
Options tapeput/call 0.4 by open interest at the 9 October 2026 close; the straddle prices a 6.0% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 1 Schedule 13D or 13G filing in twelve months
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest25.2 million shares short, 9.11 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue377411336247304367513470450787587353
Operating income47.350.8-12.8-92.5-61.3-1.912689.450.238017522.6
Operating margin13%12%-4%-37%-20%-1%25%19%11%48%30%6%
Interest expense43.647.949.651.954.554.654.855.256.756.153.155.0
Pre-tax income18.3115-22.8-169-40.4-135-25927213735812412.2
Tax rate20%5%n/an/an/an/an/a52%14%20%10%-23%
Net income14.7108-16.3-126-28.9-58.1-1211251112811078.8
Net margin4%26%-5%-51%-9%-16%-24%27%25%36%18%2%
Diluted EPS$0.05$0.39-$0.05-$0.43-$0.09-$0.19-$0.40$0.44$0.40$0.97$0.38$0.03
Operating cash flow70.822817283.698.2267175348153224272170
Capital expenditure345336351237229280298344342365416432
Free cash flow-274-108-180-153-131-12.9-1233.2-188-141-144-262
Dividends paid34.834.80.00.00.00.0n/an/an/an/an/an/a
Shares outstanding278m278m292m292m292m292m293m293m293m293m294m294m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2012 †FY2013 †FY2014 †FY2017FY2018 ‡FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue4094205552553907698581,8513,6281,5651,2542,2202,178
Operating income-145-72.3-32.1-0.21272751639012,281227-169646628
Operating margin-35.4%-17.2%-5.8%-0.1%32.5%35.8%19.0%48.7%62.9%14.5%-13.4%29.1%28.8%
Interest expense57.973.258.6146145162235218171169211223221
Pre-tax income-154-163-81.8-129-8.6125-61.6-2301,402247-368509632
Income tax-50.6-56.2-24.7-17.920.027.8-9.211.426135.1-14988.599.5
Effective tax raten/an/an/an/an/a22.3%n/an/a18.6%14.2%n/a17.4%15.7%
Net income-10041.0-57.1-111-28.696.9-52.4-2591,125211-230396508
Net margin-24.5%9.8%-10.3%-43.6%-7.3%12.6%-6.1%-14.0%31.0%13.5%-18.3%17.8%23.3%
Diluted EPS-$2.16$0.85-$1.24-$7.61n/a$0.52-$0.39-$1.12$4.11$0.76-$0.76$1.43$1.78
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed. ‡ Filed in two parts, up to 13 August 2018 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Natural gas and Oil Sales1,2651,0471,42864.3%
Gas services30020650022.5%
Gain on sale of assets0.10.929213.1%
Natural gas and Oil SalesGas servicesGain on sale of assets
1,565FY20231,254FY20242,220FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2012 †FY2013 †FY2014 †FY2017FY2018 ‡FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow2622614011751884515768611,6981,017620900819
Capital expenditure3854226351803204875106911,0681,4251,0971,3491,555
Free cash flow-123-161-234-5.9-132-35.566.0170631-408-477-450-735
Free cash flow margin-30.0%-38.3%-42.1%-2.3%-33.8%-4.6%7.7%9.2%17.4%-26.1%-38.0%-20.3%-33.8%
Cash from investing-384313-635-179-212-1,171-511-553-1,098-1,418-1,084-915-1,087
Cash from financing118-576233-0.3-14.3715-52.8-308-57736345432.9287
Depreciation and amortisation344337378124122277417469489608795641624
Share-based compensation13.712.810.75.94.94.06.56.86.69.915.321.227.1
Buybacksn/a9.28.1n/an/an/an/an/an/an/an/an/an/a
Dividends paidn/a18.023.8n/an/an/a0.00.034.71390.00.0n/a
Dividend per sharen/a$0.38$0.50n/an/an/a$0.00$0.00$0.12$0.50$0.00$0.00n/a
Diluted shares, weighted46m47m47m15mn/a187m215m232m277m277m287m294m292m
Shares outstanding at period end48m48m47m15m106m190m232m233m278m278m292m293m294m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2012 †FY2013 †FY2014 †FY2017FY2018 ‡FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity934952870-3695701,1431,2671,0132,2782,3582,2412,6472,579
Non-controlling interestn/an/an/an/an/an/an/an/a0.024.892.5316584
Redeemable equityn/an/an/an/an/an/an/a175n/an/an/an/an/a
Debt1,3247991,0701,1111,2442,5002,5172,6152,1532,6402,9522,8093,099
Operating lease liabilitiesn/an/an/an/an/a1.50.74.152.447.737.747.733.6
Other liabilities3093893241893741,0128398611,2111,1821,0591,1871,229
Total liabilities and equity2,5672,1392,2659302,1884,6574,6244,6685,6946,2546,3827,0077,525
Owned
Fixed assets1,9592,0672,1986081,6684,0094,0854,0074,6235,3855,6886,2156,756
Goodwilln/an/an/an/a350336336336336336336336336
Investments12.3n/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents4.53.02.161.323.218.530.330.754.716.76.823.945.0
Receivables34.735.732.826.787.6120125217415167145204133
Other assets55734.031.523558.817448.277.4266350206228254
Total assets2,5672,1392,2659302,1884,6574,6244,6685,6946,2546,3827,0077,525
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a20.9%-15.1%31.6%
Profit growth, compoundedn/an/a-29.4%n/a
Return on equity, averagen/a7.5%4.6%14.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Comstock Resources' revenue in fiscal 2025?

Comstock Resources (CRK) reported revenue of $2.2 billion for fiscal 2025, the year ended 31 December 2025, up 77.0% on the year before.

How much did Comstock Resources earn in fiscal 2025?

Net income was $396 million for fiscal 2025, and diluted earnings per share $1.43.

What is Comstock Resources' P/E ratio?

At the close of 9 October 2026, Comstock Resources traded at 7.7 times its earnings over the twelve months to 30 June 2026.

What is Comstock Resources' market cap?

The market cap of Comstock Resources was $4.0 billion at the close of 9 October 2026.

How much debt does Comstock Resources have?

At 30 June 2026 Comstock Resources carried $3.1 billion of debt and $45 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$190.0 billion14.9011.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$163.0 billion8.3226.0%29.3%-2.4%0.355.0%
Canadian Natural Resources Limited CNQ *$103.4 billion13.7124.4%n/a8.7%0.373.4%
Eni S.p.A. E *$82.8 billion31.875.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.7 billion11.5321.6%32.9%19.1%0.252.7%
Occidental Petroleum Corp. OXY$60.1 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$53.9 billion37.453.9%6.3%21.4%0.332.2%
Devon Energy Corp. DVN$53.1 billion11.467.9%16.7%14.6%0.272.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.897.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.0 billion12.2610.7%42.5%32.3%0.221.2%
Expand Energy Corp. EXE$20.4 billion7.6214.3%26.9%59.3%0.190.0%
All 54 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$694.8 billion21.7212.6%12.3%9.1%0.122.4%
Chevron Corp. CVX$418.8 billion20.3210.8%14.2%10.2%0.193.2%
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$190.0 billion14.9011.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$163.0 billion8.3226.0%29.3%-2.4%0.355.0%
ConocoPhillips COP$161.1 billion17.7414.2%n/a9.6%0.352.4%
Marathon Petroleum Corp. MPC$127.8 billion15.6444.8%9.2%15.0%1.610.8%
BP plc BP *$127.1 billionn/a0.1%6.6%-1.1%1.094.0%
Valero Energy Corp. VLO$124.9 billion18.0028.8%7.2%12.6%0.361.0%
Phillips 66 PSX$111.0 billion15.8822.5%n/a14.4%0.601.7%
Equinor ASA EQNR *$107.5 billion22.1712.5%23.8%2.6%0.690.3%
Canadian Natural Resources Limited CNQ *$103.4 billion13.7124.4%n/a8.7%0.373.4%
Suncor Energy Inc. SU *$86.2 billion21.2313.1%n/a-4.6%0.222.3%
Eni S.p.A. E *$82.8 billion31.875.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.7 billion11.5321.6%32.9%19.1%0.252.7%
SLB Limited SLB$72.6 billion23.6511.9%n/a2.5%0.43n/a
Occidental Petroleum Corp. OXY$60.1 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$53.9 billion37.453.9%6.3%21.4%0.332.2%
Devon Energy Corp. DVN$53.1 billion11.467.9%16.7%14.6%0.272.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.897.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.0 billion12.2610.7%42.5%32.3%0.221.2%
Halliburton Co. HAL$27.1 billion17.0314.6%11.4%0.6%0.642.1%
Expand Energy Corp. EXE$20.4 billion7.6214.3%26.9%59.3%0.190.0%
Permian Resources Corp. PR$19.3 billion15.2510.3%35.8%12.8%0.252.6%
Ovintiv Inc. OVV$17.7 billion18.058.0%9.7%6.0%0.321.9%
APA Corp. APA$16.1 billion9.7023.9%44.4%-16.1%0.532.2%
Antero Resources Corp. AR$11.1 billion10.3213.0%24.7%25.8%0.31n/a
PBF Energy Inc. PBF$10.2 billion7.4621.1%5.8%13.5%0.271.4%
Range Resources Corp. RRC$9.6 billion11.2918.3%32.1%23.2%0.180.9%
SM Energy Co. SM$8.8 billion7.3012.8%29.6%75.4%0.852.2%
Viper Energy, Inc. VNOM$8.3 billion330.621.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$7.8 billion9.4910.2%19.0%19.2%0.183.7%
Noble Corp. plc NE$6.8 billion45.573.3%11.4%-11.1%0.424.7%
Matador Resources Co. MTDR$6.7 billion9.3112.2%32.2%-3.6%0.712.6%
CVR Energy Inc. CVI$5.8 billion85.3113.1%4.1%17.9%3.248.4%
Valaris Ltd. VAL$5.8 billion6.2529.2%11.3%-13.2%0.340.0%
Magnolia Oil & Gas Corp. MGY$5.7 billion10.5719.8%38.0%11.4%0.182.5%
Murphy OIL Corp. MUR$5.5 billion19.155.6%18.5%8.3%0.293.5%
CNX Resources Corp. CNX$5.1 billion5.7319.6%44.4%61.9%0.460.0%
California Resources Corp. CRC$4.7 billionn/a-3.6%-1.7%-22.5%0.383.0%
Oceaneering International Inc. OII$4.5 billion12.9130.1%10.4%3.8%0.420.0%
Patterson UTI Energy Inc. PTEN$4.3 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.2 billionn/a1.1%20.6%24.3%1.00n/a
PAR Pacific Holdings, Inc. PARR$4.1 billion4.8143.2%13.4%13.2%0.37n/a
Comstock Resources Inc. CRK$4.0 billion7.7019.7%28.8%31.6%1.200.0%
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Valvoline Inc. VVV$3.9 billion37.8824.4%15.3%16.1%3.840.4%
Liberty Energy Inc. LBRT$3.2 billion25.696.2%1.3%2.3%0.661.7%
Gulfport Energy Corp. GPOR$2.9 billion6.5027.2%45.0%35.2%0.50n/a
Talos Energy Inc. TALO$2.8 billionn/a-19.9%-12.7%2.4%0.60n/a
Quaker Chemical Corp. KWR$2.7 billion27.787.1%7.7%7.8%0.621.3%
Northern OIL & Gas, Inc. NOG$2.6 billionn/a-24.4%-24.1%-25.6%1.377.3%
Atlas Energy Solutions Inc. AESI$1.5 billionn/a-10.6%-8.3%-8.1%0.826.1%
RPC Inc. RES$1.3 billion66.222.1%1.9%25.4%0.022.7%
31 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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