Comstock Resources Inc (CRK)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	-168,615	-120,005	-11,403	64,023	222,490	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
Revenue (ttm)	US$ in thousands	1,253,580	1,293,550	1,365,815	1,407,196	1,561,002	2,076,910	2,890,173	3,548,216	3,583,479	3,316,471	2,637,647	2,035,086	1,850,730	1,470,125	1,136,960	972,802	858,195	872,672	919,105	867,686
Operating profit margin		-13.45%	-9.28%	-0.83%	4.55%	14.25%	33.53%	49.14%	58.80%	63.56%	61.99%	59.92%	52.96%	48.67%	47.94%	37.06%	28.65%	19.00%	18.56%	24.59%	30.62%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-168,615K ÷ $1,253,580K
= -13.45%

Comstock Resources Inc's operating profit margin has displayed fluctuations over the past few years. It showed a positive trend from March 31, 2020, to June 30, 2022, continuously increasing from 30.62% to 59.92%. This upward trend indicates an improvement in the company's efficiency in generating profits from its operations.

However, starting from September 30, 2022, the operating profit margin began to decline, dropping to 14.25% by December 31, 2023. This marked decrease suggests potential challenges or inefficiencies in the company's operational performance during this period.

By the end of December 31, 2024, the operating profit margin turned negative, standing at -13.45%. This negative figure implies that the company's operating expenses surpassed its operating income, leading to operational losses.

In summary, the operating profit margin of Comstock Resources Inc exhibited a mixed performance, with a positive growth phase followed by a decline and eventual negative turn in profitability. Further analysis of the company's operational efficiency and cost management strategies may be beneficial to understand the reasons behind these fluctuations.