Comstock Resources Inc (CRK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 226,597 | 2,281,480 | 900,774 | 163,032 | 274,886 |
| Revenue | US$ in thousands | 1,583,860 | 2,747,940 | 556,921 | 632,473 | 658,858 |
| Operating profit margin | 14.31% | 83.03% | 161.74% | 25.78% | 41.72% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $226,597K ÷ $1,583,860K
= 14.31%
The operating profit margin of Comstock Resources, Inc. has displayed fluctuations over the past five years. In 2023, the operating profit margin was 14.47%, showing a significant decline from the exceptionally high margin of 62.87% in 2022. This substantial decrease suggests a notable decrease in the company's profitability efficiency in 2023. However, even with this decline, the 2023 margin is still higher than the margins in 2020 and 2019, indicating some level of resilience.
It is important to note that the operating profit margin can be influenced by various factors such as changes in revenue, cost of goods sold, operating expenses, and overall operational efficiency. Further analysis of these components would provide more insights into the specific drivers behind the changes in Comstock Resources, Inc.'s operating profit margin over the period examined.
Peer comparison
Dec 31, 2023