Comstock Resources Inc (CRK)

Net 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
Net income (ttm)	US$ in thousands	211,117	623,336	964,212	1,386,809	1,140,882	981,464	337,562	-219,024	-241,725	-520,203	-358,389	-228,570	-52,417	-79,224	54,059	125,342	96,889	92,072	99,104	43,694
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
Net profit margin		13.33%	29.51%	36.49%	43.61%	42.20%	41.92%	17.09%	-14.25%	-15.99%	-44.77%	-43.24%	-38.14%	-6.41%	-9.70%	6.46%	14.98%	13.98%	16.52%	24.02%	14.05%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $211,117K ÷ $1,583,855K
= 13.33%

Comstock Resources, Inc.'s net profit margin has been fluctuating over the past eight quarters. The range of net profit margins during this period varies from a low of -11.62% in Q1 2022 to a high of 38.27% in Q1 2023.

There is a significant improvement in profitability from the negative margin in Q1 2022 to positive margins in subsequent quarters. Q2 and Q3 2023 demonstrated strong performance with net profit margins of 32.61% and 29.24%, respectively. However, there seems to be a decline in profitability in Q4 2023, as the net profit margin decreased to 13.54%.

It is essential for stakeholders to monitor these fluctuations in net profit margin to understand the company's ability to generate profit relative to its revenue. Further analysis of the company's financial health and operational efficiency should be considered to evaluate the sustainability and drivers of these changes in profitability over time.