| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 1 | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | ‡‡‡‡ |
|
| 2025 | ‡‡‡‡‡ |
|
| 2024 | ‡‡‡‡ |
|
| 2023 | 0.50 |
—
—
—
—
|
| 2022 | 0.13 |
—
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 16.67 | 6.80 | 23.93 | 45.01 |
| Receivables | 231.43 | 174.85 | 242.55 | 180.59 |
| Inventory | — | — | — | — |
| Other | 213.39 | 102.39 | 94.46 | 112.96 |
| 461.49 | 284.03 | 360.94 | 338.56 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 523.26 | 421.81 | 501.70 | 503.11 |
| ST’ Debt | — | — | — | — |
| Other | — | 8.94 | 27.64 | — |
| 681.49 | 612.85 | 729.52 | 711.90 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 587.35 | 353.28 | — | — |
—
|
| ’25 | 512.85 | 470.26 | 449.85 | 787.32 |
2,220.29
|
| ’24 | 335.77 | 246.83 | 304.47 | 367.38 |
1,254.46
|
| ’23 | 489.58 | 288.21 | 376.74 | 410.71 |
1,565.23
|
| ’22 | 524.84 | 946.25 | 1,190.01 | 967.30 |
3,628.40
|
| ’21 | 340.49 | 343.69 | 511.18 | 655.38 |
1,850.73
|
| ’20 | 225.88 | 179.54 | 178.01 | 274.77 |
858.20
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 271.97 | 170.21 | — | — |
—
|
| ’25 | 174.75 | 347.56 | 153.09 | 224.20 |
899.61
|
| ’24 | 171.54 | 83.58 | 98.17 | 267.05 |
620.34
|
| ’23 | 386.36 | 331.51 | 70.77 | 228.21 |
1,016.85
|
| ’22 | 285.62 | 410.92 | 533.52 | 468.33 |
1,698.39
|
| ’21 | 193.27 | 192.31 | 232.97 | 242.39 |
860.94
|
| ’20 | 150.12 | 115.97 | 123.86 | 185.75 |
575.70
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (142.03) | (245.14) | — | — |
—
|
| ’25 | (123.25) | 3.23 | (173.24) | 272.45 |
(20.80)
|
| ’24 | (179.93) | (153.16) | (129.93) | (12.90) |
(475.93)
|
| ’23 | 15.54 | (0.23) | (274.31) | (107.95) |
(366.94)
|
| ’22 | 72.39 | 108.79 | 280.83 | 172.77 |
634.77
|
| ’21 | 27.72 | 19.29 | 63.75 | 197.57 |
308.33
|
| ’20 | 6.63 | 25.59 | 25.39 | 8.69 |
66.30
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.38 | 0.03 | — | — |
—
|
| ’25 | (0.40) | 0.44 | 0.40 | 0.97 |
1.43
|
| ’24 | (0.05) | (0.43) | (0.09) | (0.19) |
(0.76)
|
| ’23 | 0.49 | (0.17) | 0.05 | 0.39 |
0.76
|
| ’22 | (0.50) | 1.36 | 1.28 | 1.87 |
4.11
|
| ’21 | (0.60) | (0.80) | (1.26) | 1.30 |
(1.12)
|
| ’20 | 0.15 | (0.29) | (0.57) | 0.30 |
(0.39)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 6.88 | 8.29 | 7.07 | 14.65 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 22.11 | 13.67 | 19.25 | 31.17 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 244 | 251 | 256 | 252 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.87 | 6.24 | 4.90 | 8.81 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,628.40 | 1,565.23 | 1,254.46 | 2,220.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 99.77% | 99.89% | 100.00% | 99.55% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,401.94 | 246.99 | (367.83) | 508.74 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.64% | 15.78% | (29.32%) | 22.91% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,140.88 | 211.89 | (218.75) | 420.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 499.71 | 615.87 | 806.87 | 653.14 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.37 | 5.65 | 4.37 | 7.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.75 | 0.76 | (0.76) | 1.43 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.20 | 3.67 | 2.16 | 3.09 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.51) | (5.00) | (3.82) | (3.17) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.69 | (1.33) | (1.66) | (0.07) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.65 | 8.61 | 8.13 | 10.19 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 236.05 | 276.81 | 287.01 | 290.78 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 2.68 | 11.76 | 0.00 | 16.21 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.81 | 1.58 | 4.17 | 3.04 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.30 | 1.04 | 2.24 | 2.27 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.40 | 3.29 | 6.56 | 4.31 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.02 | (14.04) | (17.29) | (460.39) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,698.39 | 1,016.85 | 620.34 | 899.61 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,063.61) | (1,383.79) | (1,096.26) | (920.41) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 634.77 | (366.94) | (475.93) | (20.80) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (111.15) | (220.00) | (328.82) | (368.58) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,190.57 | 2,640.39 | 2,952.09 | 2,809.07 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,135.92 | 2,623.72 | 2,945.29 | 2,785.14 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,278.31 | 2,383.19 | 2,333.54 | 2,962.90 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.71% | 3.53% | (3.63%) | 5.91% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.30% | 2.83% | (2.00%) | 7.02% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 68.36% | 9.06% | (9.74%) | 14.94% | — | — | — |
ROE
|
Comstock Resources (CRK), a Haynesville Shale natural gas pure-play, exemplifies the energy sector’s brutal cycles, with revenue exploding 323% to $3.63 billion in 2022 amid geopolitical shocks before cratering 65% to $1.25 billion in 2024 as prices slumped. High gross margins near 100% highlight operational efficiency, but wild earnings swings—from $1.14 billion net income (68% ROE) in 2022 to a $219 million loss (-9.7% ROE) in 2024—expose vulnerability, amplified by ballooning depreciation and negative free cash flow amid steady capex.
The balance sheet raises red flags: $2.95 billion in net debt exceeds equity, working capital plunged to -$329 million, and shares outstanding doubled since 2016, diluting value. Cash burn intensified in 2024, with EV/FCF deeply negative, while rising rates threaten $2.8 billion in 2025 maturities. Absent insider activity and a high-beta stock trading at premium multiples despite losses signal caution in this leveraged bet.
Analysts eye a rebound—revenue to $2.22 billion in 2025 (+77%), positive FCF by 2026—but it hinges on gas prices above $3/MMBtu, with historical crashes and oversupply risks lurking. For risk-averse investors, CRK suits tactical trades over core holdings; await 20-30% pullbacks and Q1 2026 earnings for FCF clues before engaging.
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