Is the business good?
How good a business is CRK?
Comstock Resources, Inc. earns 8.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.8%
Return on invested capital · cost of capital 9.0% · 0.20 points below what the capital costs: growth destroys value
- Operating margin
- 29%
Operating margin · Oil & Gas E&P median 30% · 12 months to Q2 2026
- Cash conversion
- −1.45×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.90%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 49% |
| FY2022 | 63% |
| FY2023 | 14% |
| FY2024 | −13% |
| FY2025 | 29% |
Details›
- Operating margin12 months to Q2 2026
- 29%
- Net margin12 months to Q2 2026
- 23%
- Free cash flow margin
- −34%
- Revenue, trailing twelve months
- $2.18B
- Free cash flow, trailing twelve months
- −$735M
- Net income, trailing twelve months
- $508M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.