Comstock Resources Inc (CRK)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 85.01% | 17.01% | 64.19% | 59.32% | 22.73% |
| Operating profit margin | -13.45% | 14.47% | 62.88% | 48.67% | 19.00% |
| Pretax margin | -29.34% | 15.78% | 38.64% | -12.44% | -7.18% |
| Net profit margin | -17.45% | 13.52% | 31.45% | -13.06% | -6.11% |
The profitability ratios of Comstock Resources Inc have displayed significant fluctuations over the years. The Gross Profit Margin has seen a notable upward trend, starting at 22.73% in 2020 and reaching 85.01% in 2024, indicating improved efficiency in generating profits from sales.
The Operating Profit Margin has also shown variability, with a peak of 62.88% in 2022 but turning negative at -13.45% in 2024. This suggests that the company's operational expenses relative to its revenue have fluctuated substantially during the period.
The Pretax Margin presents a mixed picture, with a dramatic increase from negative figures in 2020 and 2021 to a positive 38.64% in 2022, before falling back to negative territory at -29.34% in 2024. This implies fluctuations in the company's ability to manage its operational and non-operational expenses effectively.
The Net Profit Margin, after starting in negative territory in 2020 and 2021, improved to 31.45% in 2022, indicating better control over costs and expenses. However, it declined to -17.45% in 2024, suggesting challenges in generating profits after accounting for all expenses.
Overall, the profitability ratios of Comstock Resources Inc reflect a volatile financial performance with fluctuations in margins, indicating the need for continuous monitoring and strategic management to ensure sustained profitability in the future.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -2.64% | 3.62% | 40.07% | 19.30% | 3.53% |
| Return on assets (ROA) | -3.43% | 3.38% | 20.04% | -5.18% | -1.13% |
| Return on total capital | -7.02% | 17.64% | 69.04% | -1.00% | 12.01% |
| Return on equity (ROE) | -9.76% | 8.97% | 50.08% | -20.35% | -3.64% |
Comstock Resources Inc's profitability ratios show varied performance over the years.
1. Operating return on assets (Operating ROA) improved significantly from 2020 to 2022, reaching a high of 40.07%. However, it dropped sharply in 2023 and turned negative in 2024, indicating challenges in generating operational profits relative to total assets.
2. Return on assets (ROA) was negative in 2020 and 2021 but turned positive in 2022, reaching 20.04%. However, it decreased in 2023 and remained negative in 2024, signaling inconsistent performance in utilizing assets to generate profits.
3. Return on total capital peaked at 69.04% in 2022 after a negative performance in 2021. However, it declined in the following years, indicating a decrease in profitability relative to the total invested capital.
4. Return on equity (ROE) was negative in 2020 and 2021, but improved significantly to 50.08% in 2022. However, it dropped in 2023 and remained negative in 2024, suggesting fluctuations in profitability compared to shareholders' equity.
Overall, the company's profitability ratios reflect a mix of strong performance, fluctuations, and challenges in generating profits from its assets, capital, and equity over the years.