Comstock Resources Inc (CRK)

Operating 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
Operating income (ttm)	US$ in thousands	226,597	696,436	1,420,247	2,086,431	2,277,583	2,055,773	1,580,441	1,077,820	900,774	704,707	421,326	278,741	163,032	161,974	225,969	265,679	274,886	254,655	212,876	176,654
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
Operating profit margin		14.31%	32.97%	53.75%	65.61%	84.25%	87.81%	80.02%	70.14%	59.57%	60.65%	50.84%	46.51%	19.93%	19.84%	27.00%	31.75%	39.66%	45.68%	51.60%	56.79%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $226,597K ÷ $1,583,855K
= 14.31%

Comstock Resources, Inc.'s operating profit margin has displayed fluctuations over the past eight quarters. The company's operating profit margin experienced a downward trend, starting from 62.87% in Q4 2022 and decreasing to 14.47% in Q4 2023. This decline suggests a potential decrease in operational efficiency or an increase in operating expenses relative to revenue during this period.

However, there was a notable increase in operating profit margin in Q1 2023, reaching 58.15%, indicating a temporary improvement in efficiency or cost management. Despite this temporary uptick, the trend reversed in the subsequent quarters, with Q2 and Q3 2023 showing further declines.

It is essential for Comstock Resources to closely monitor and address the factors impacting its operating profit margin to sustain profitability and operational effectiveness over the long term.