Comstock Resources (CRK) FY2024 results: revenue $1.3 billion, down 19.8% on the year
Comstock Resources Inc. (CRK) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, down 19.8% on the year before. Net income was -$230 million, and diluted earnings per share $-0.76. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$1.3 billion
-19.8% on the year
FY2017FY2024
Operating margin
-13.4%
14.5% a year earlier
FY2017FY2024
Net income
-$230 million
FY2017FY2024
Diluted EPS
-$0.76
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
620
1,017
1,698
-39.0%
Capital expenditure
1,097
1,425
1,068
-23.0%
Free cash flow
-477
-408
631
Free cash flow margin
-38.0%
-26.1%
17.4%
Cash from investing
-1,084
-1,418
-1,098
Cash from financing
454
363
-577
+25.1%
Depreciation and amortisation
795
608
489
+30.8%
Share-based compensation
15.3
9.9
6.6
+54.7%
Dividends paid
0.0
139
34.7
Dividend per share
$0.00
$0.50
$0.12
Diluted shares, weighted
287m
277m
277m
+3.7%
Shares outstanding at period end
292m
278m
278m
+5.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,241
2,358
2,278
-5.0%
Non-controlling interest
92.5
24.8
0.0
+273.4%
Debt
2,952
2,640
2,153
+11.8%
Operating lease liabilities
37.7
47.7
52.4
-21.0%
Other liabilities
1,059
1,182
1,211
-10.5%
Total liabilities and equity
6,382
6,254
5,694
+2.1%
Fixed assets
5,688
5,385
4,623
+5.6%
Goodwill
336
336
336
0.0%
Cash and equivalents
6.8
16.7
54.7
-59.2%
Receivables
145
167
415
-12.7%
Other assets
206
350
266
-41.2%
Total assets
6,382
6,254
5,694
+2.1%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.