Comstock Resources Inc (CRK)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -218,754 | 211,567 | 1,140,880 | -241,725 | -52,417 |
| Total stockholders’ equity | US$ in thousands | 2,241,020 | 2,358,410 | 2,278,310 | 1,187,780 | 1,441,770 |
| ROE | -9.76% | 8.97% | 50.08% | -20.35% | -3.64% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-218,754K ÷ $2,241,020K
= -9.76%
Based on the data provided, Comstock Resources Inc's return on equity (ROE) has shown a significant fluctuation over the five-year period:
- As of December 31, 2020, the ROE was at -3.64%, indicating that the company had a negative return on equity, which could be a cause for concern.
- By the end of December 31, 2021, the ROE decreased further to -20.35%, reflecting a worsening performance in generating profits relative to shareholder equity.
- However, there was a notable turnaround by December 31, 2022, with the ROE surging to 50.08%, suggesting a substantial improvement in profitability and efficiency in the utilization of shareholder funds.
- The ROE then moderated to 8.97% by December 31, 2023, indicating a slight decrease in the profitability relative to equity compared to the previous year.
- As of December 31, 2024, the ROE fell back into negative territory at -9.76%, which might raise concerns about the company's ability to generate returns for its shareholders.
Overall, the fluctuating trend in ROE indicates that Comstock Resources Inc has experienced varying levels of profitability and efficiency in utilizing shareholders' equity over the five-year period. This analysis suggests that the company's financial performance has been volatile and may require further investigation to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024