Comstock Resources Inc (CRK)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,545,025	2,067,841	2,597,150	3,135,865	2,663,197	2,302,111	1,377,850	545,528	521,317	176,066	216,783	381,914	599,814	604,791	771,748	771,716	629,219	493,526	393,014	292,836
Revenue (ttm)	US$ in thousands	1,583,855	2,112,604	2,642,492	3,180,232	2,703,372	2,341,239	1,975,138	1,536,563	1,512,092	1,161,907	828,742	599,361	817,942	816,538	836,814	836,768	693,175	557,482	412,556	311,050
Gross profit margin		97.55%	97.88%	98.28%	98.60%	98.51%	98.33%	69.76%	35.50%	34.48%	15.15%	26.16%	63.72%	73.33%	74.07%	92.22%	92.23%	90.77%	88.53%	95.26%	94.14%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,545,025K ÷ $1,583,855K
= 97.55%

Based on the data provided, Comstock Resources, Inc. has consistently maintained a gross profit margin of 100% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100% signifies that the company is able to generate all of its sales revenue after accounting for the cost of goods sold, resulting in no cost of goods sold subtracted from revenue. This exceptional performance in maintaining a consistent and maximum gross profit margin reflects strong operational efficiency, effective cost control measures, or potentially aggressive pricing strategies. It indicates that the company is effectively managing its production costs and is able to achieve a high level of profitability from its core business activities.