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COMSTOCK RESOURCES INC CRK

NYSE · stock · Crude Petroleum & Natural Gas · website · IPO 1996-12-17 · LEI

COMSTOCK RESOURCES INC statistics & valuation

Market cap$4.2B
P / E10.6×
P / S1.9×
P / B1.4×
Net margin17.8%
Return on equity13.4%
FCF margin-20.3%
Net debt$2.8B
Net debt / EBITDA2.2×
Enterprise value USD$7.0B
EV / EBITDA5.4×
Earnings yield EBIT/EV9.2%
Return on capital10.3%
Graham number +29.3%$18.00

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($18.00); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-43.60% 12.60% -6.10% -14.00% 31.00% 13.50% -18.30% 17.80% 2015201620172019202020212022202320242025
Gross margin (%)
2015201620172019202020212022202320242025
Operating margin (%)
-0.10% 35.80% 19.00% 48.70% 62.90% 14.50% -13.40% 29.10% 2015201620172019202020212022202320242025
Return on equity (%)
8.50% -4.10% -25.60% 49.40% 8.90% -9.80% 13.40% 2015201620172019202020212022202320242025
Shares outstanding
9.5M 13.9M 15.4M 190.0M 232.4M 232.9M 277.5M 278.4M 292.3M 294.1M 2015201620172019202020212022202320242025
Net debt ($)
$1.12B $978.6M $1.05B $2.48B $2.49B $2.58B $2.10B $2.62B $2.95B $2.79B 2015201620172019202020212022202320242025
Share buybacks ($)
2015201620172019202020212022202320242025
Return on assets (%)
-87.60% -15.20% -12.00% 2.10% -1.10% -5.60% 19.80% 3.40% -3.60% 5.60% 2015201620172019202020212022202320242025
Free cash flow margin (%)
-2.30% -4.60% 7.70% 9.20% 17.40% -26.10% -38.00% -20.30% 2015201620172019202020212022202320242025
Debt / equity (×)
2.19× 1.99× 2.58× 0.94× 1.11× 1.27× 0.95× 2015201620172019202020212022202320242025
EPS ($)
$0.52 -$0.39 -$1.12 $4.11 $0.76 -$0.76 $1.43 2015201620172019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COMSTOCK RESOURCES INC trades at about 9.7× earnings — near its 10-year norm (10-year range 3×–100.9×, median 10.6×).

3× 100.9×

Shaded band = 10-year range (3×–100.9×); dot = today's 9.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017FY2016FY2015
Operating margin29.1%-13.4%14.5%62.9%48.7%19.0%35.8%-0.1%——
Net margin17.8%-18.3%13.5%31.0%-14.0%-6.1%12.6%-43.6%——
FCF margin-20.3%-38.0%-26.1%17.4%9.2%7.7%-4.6%-2.3%——
Return on assets5.6%-3.6%3.4%19.8%-5.6%-1.1%2.1%-12.0%-15.2%-87.6%
Return on equity13.4%-9.8%8.9%49.4%-25.6%-4.1%8.5%30.2%49.8%611.4%
Debt / equity0.95×1.27×1.11×0.94×2.58×1.99×2.19×-3.01×-3.85×-7.30×
Current ratio0.490.460.680.850.500.450.741.800.981.63

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.