Comstock Resources Inc (CRK)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	189,106	-85,644	23,531	99,466	262,132	746,637	1,471,027	2,137,911	2,324,935	2,259,727	1,782,268	1,276,124	1,097,794	734,614	452,153	310,003	195,082	194,460	257,843	296,122
Revenue (ttm)	US$ in thousands	1,253,580	1,293,550	1,365,815	1,407,196	1,561,002	2,076,910	2,890,173	3,548,216	3,583,479	3,316,471	2,637,647	2,035,086	1,850,730	1,470,125	1,136,960	972,802	858,195	872,672	919,105	867,686
Gross profit margin		15.09%	-6.62%	1.72%	7.07%	16.79%	35.95%	50.90%	60.25%	64.88%	68.14%	67.57%	62.71%	59.32%	49.97%	39.77%	31.87%	22.73%	22.28%	28.05%	34.13%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $189,106K ÷ $1,253,580K
= 15.09%

Comstock Resources Inc's gross profit margin has exhibited varied trends over the period. The margin declined from March 2020 to December 2020, reaching a low of 22.28%. However, a positive trend emerged thereafter, with a steady increase in the margin reported up to June 2022, where it reached its peak at 67.57%. Subsequently, there was a slight decline in the margin but remained relatively high at 50.90% by the end of June 2023. There was a significant decrease in the gross profit margin by the end of December 2023, dropping to 16.79%. The margin then plummeted further, falling to a low of 1.72% by June 2024. It turned negative by September 2024 but bounced back to a positive 15.09% by the end of December 2024. The fluctuations in the gross profit margin indicate potential challenges and opportunities for improving operational efficiency and profitability.