Comstock Resources Inc (CRK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,065,640 | 266,239 | 2,328,830 | 1,097,790 | 195,082 |
| Revenue | US$ in thousands | 1,253,580 | 1,565,110 | 3,628,060 | 1,850,730 | 858,195 |
| Gross profit margin | 85.01% | 17.01% | 64.19% | 59.32% | 22.73% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,065,640K ÷ $1,253,580K
= 85.01%
Comstock Resources Inc's gross profit margin has exhibited significant fluctuations over the years, indicating varying levels of operational efficiency and profitability. The margin increased from 22.73% as of December 31, 2020, to 85.01% by the end of December 31, 2024. This significant improvement suggests a more effective cost control and revenue generation strategy during this period. However, it is noteworthy that there was a dip in the margin to 17.01% as of December 31, 2023, which might raise concerns about the company's ability to manage costs efficiently during that particular year. Overall, the trend indicates an upward trajectory in the gross profit margin, reflecting potentially positive financial performance and operational effectiveness for Comstock Resources Inc.
Peer comparison
Dec 31, 2024