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.
Peer comparison
Dec 31, 2023