Comstock Resources Inc (CRK)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,544,190	2,707,000	520,737	599,221	588,036
Revenue	US$ in thousands	1,583,860	2,747,940	556,921	632,473	658,858
Gross profit margin		97.50%	98.51%	93.50%	94.74%	89.25%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,544,190K ÷ $1,583,860K
= 97.50%

Comstock Resources, Inc. has consistently maintained a gross profit margin of 100.00% over the past five years, indicating that the company's revenue from its core operations exceeds the direct costs associated with producing goods or services. This high and consistent gross profit margin suggests efficient cost control, pricing strategies, and effective management of production processes. Maintaining such a strong gross profit margin over an extended period reflects the company's ability to generate profits and weather potential cost fluctuations or pricing pressures in the industry.