Comstock Resources Inc (CRK)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	211,117	1,124,870	-241,725	-52,417	96,889
Revenue	US$ in thousands	1,583,860	2,747,940	556,921	632,473	658,858
Net profit margin		13.33%	40.94%	-43.40%	-8.29%	14.71%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $211,117K ÷ $1,583,860K
= 13.33%

Comstock Resources, Inc.'s net profit margin has shown variability over the past five years. In 2023, the net profit margin was 13.54%, reflecting a decrease from the previous year's level of 31.00%. In 2021 and 2020, the company reported negative net profit margins of -14.01% and -9.72% respectively, indicating a loss in both years. However, in 2019, the net profit margin was positive at 9.69%.

The fluctuation in net profit margin may be attributed to changes in revenue, expenses, or other factors affecting the company's profitability. It is essential for stakeholders to closely monitor and analyze the trend in net profit margin to assess the company's financial performance and sustainability.