Comstock Resources Inc (CRK)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 246,212 | 733,665 | 1,173,743 | 1,719,208 | 1,401,943 | 1,246,645 | 523,909 | -209,276 | -230,322 | -557,404 | -465,689 | -279,138 | -61,627 | -112,781 | 70,472 | 160,302 | 124,692 | 122,259 | 129,384 | 66,750 |
| 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 |
| Pretax margin | 15.55% | 34.73% | 44.42% | 54.06% | 51.86% | 53.25% | 26.53% | -13.62% | -15.23% | -47.97% | -56.19% | -46.57% | -7.53% | -13.81% | 8.42% | 19.16% | 17.99% | 21.93% | 31.36% | 21.46% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $246,212K ÷ $1,583,855K
= 15.55%
Comstock Resources, Inc.'s pretax margin has fluctuated significantly over the past eight quarters. The pretax margin was positive in all quarters except for Q1 2022 when it was negative at -10.28%. The highest pretax margin was observed in Q1 2023 at 47.85%, indicating strong profitability before accounting for taxes. However, there was a notable decline in pretax margin in Q4 2023 to 15.78%, which may raise concerns about the company's ability to maintain profitability. Overall, Comstock Resources, Inc. should monitor its pretax margin closely to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023