Comstock Resources Inc (CRK)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -367,829 | 246,989 | 1,401,940 | -230,322 | -61,627 |
| Revenue | US$ in thousands | 1,253,580 | 1,565,110 | 3,628,060 | 1,850,730 | 858,195 |
| Pretax margin | -29.34% | 15.78% | 38.64% | -12.44% | -7.18% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-367,829K ÷ $1,253,580K
= -29.34%
Comstock Resources Inc's pretax margin has shown significant fluctuations over the past few years. The ratio stood at -7.18% as of December 31, 2020, deteriorated further to -12.44% by December 31, 2021, before experiencing a sharp upturn to 38.64% as of December 31, 2022. Subsequently, the pretax margin decreased to 15.78% by December 31, 2023, and dropped significantly to -29.34% as of December 31, 2024. These variations in pretax margin indicate fluctuating profitability performance and may require closer examination of the company's cost structures, revenue generation, and overall operational efficiency to assess the underlying factors influencing these changes.
Peer comparison
Dec 31, 2024