Comstock Resources, Inc.

CRK Energy Oil & Gas E&P

Comstock Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 77.0% from fiscal 2024. In the quarter to June 2026, revenue fell 24.9%, EPS fell 93.3%, free cash flow fell 7,691.9% and total debt rose 2.68%, each against the same quarter a year earlier.

14.01 0.51 +3.78%
Market cap
$4.0B
P/E
7.8×
Fwd P/E
16.7×
Dividend yield
—
F-score
7/9
Altman Z
1.78
Beneish M
−2.18
Dividend safety
n/a

Insider Decisions trades per month

Total sells 1.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 73.07%

Capital & Financial Ratios $m

Market Cap 3,960.00
Revenue 2,177.81
Net Income 532.37
Free Cash Flow (287.96)
Net Debt 3,053.76
Current Ratio 0.48 (below 1: weak)
Debt/Equity 0.98
P/E ratio 7.83
Fwd P/E 16.70
P/S ratio 1.88
P/B ratio 1.29
Past 5Y EPS Growth —
This Y EPS Growth (42.39%) (below 0%: weak)
Next Y EPS Growth 35.92% (at or above 15%: strong)
Next Y revenue growth (14.07%) (below 0%: weak)
Next 5Y EPS Growth 21.26% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 41.87%
10-year low 10-year high
P/S against its own 10 years 73.39%
10-year low 10-year high
P/B against its own 10 years 45.60%
10-year low 10-year high
EV/Sales against its own 10 years 24.33%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 0.50
0.13
0.13
0.13
0.13
2022 0.13
0.13
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 17 7 24 45
Receivables 231 175 243 181
Inventory — — — —
Other 213 102 94 113
461 284 361 339
2023 2024 2025 Q'26
Payables 523 422 502 503
ST’ Debt — — — —
Other — 9 28 —
681 613 730 712

Compound Annual Growth %

10y 5y 3y
Sales 24.29% 20.94% (15.10%)
Cash Flow 40.47% 9.34% (19.09%)
Earnings 0.00% 0.00% (29.41%)
Book Value 0.00% 18.52% 9.15%

Revenue $m

Mar Jun Sep Dec Year
’26 587 353 — — —
’25 513 470 450 787 2,220
’24 336 247 304 367 1,254
’23 490 288 377 411 1,565
’22 525 946 1,190 967 3,628
’21 340 344 511 655 1,851
’20 226 180 178 275 858
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 272 170 — — —
’25 175 348 153 224 900
’24 172 84 98 267 620
’23 386 332 71 228 1,017
’22 286 411 534 468 1,698
’21 193 192 233 242 861
’20 150 116 124 186 576
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (142) (245) — — —
’25 (123) 3 (173) 272 (21)
’24 (180) (153) (130) (13) (476)
’23 16 0 (274) (108) (367)
’22 72 109 281 173 635
’21 28 19 64 198 308
’20 7 26 25 9 66
Fiscal quarters ending in the months shown.

EPS $

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)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.64 4.01 4.21 4.17 4.05 4.37 6.88 8.29 7.07 14.65

Analyst estimates 2026–2028

Powerpack
High 11.62 13.42 12.32 10.70 8.50 11.34 22.11 13.67 19.25 31.17
People
People Employees 117 113 113 207 204 205 244 251 256 252
Revenue/emp, $m 1.50 2.26 3.45 3.71 4.21 9.03 14.87 6.24 4.90 8.81
Income, $m
Income, $m Revenue 176 255 390 769 858 1,851 3,628 1,565 1,254 2,220
Gross margin, % 52.11 100.00 100.00 99.97 100.00 100.00 99.77 99.89 100.00 99.55
EBT (128) (129) (9) 125 (62) (230) 1,402 247 (368) 509
EBT margin, % (72.83) (50.66) (2.21) 16.22 (7.18) (12.44) 38.64 15.78 (29.32) 22.91
Net income (135) (111) (29) 97 (52) (242) 1,141 212 (219) 420
Depreciation 159 159 154 293 451 491 500 616 807 653
Per share, $
Per share, $ Revenue 14.98 17.44 3.23 5.38 3.99 7.99 15.37 5.65 4.37 7.64
Earnings (11.52) (7.61) (0.24) 0.52 (0.39) (1.12) 4.75 0.76 (0.76) 1.43
Cash flow (2.02) 11.92 1.56 3.16 2.68 3.72 7.20 3.67 2.16 3.09
Capex (2.52) (12.22) (1.68) (3.41) (2.37) (2.39) (4.51) (5.00) (3.82) (3.17)
Free cash flow (4.54) (0.30) (0.12) (0.25) 0.31 1.33 2.69 (1.33) (1.66) (0.07)
Book value (23.13) (25.22) 4.72 8.01 5.89 4.37 9.65 8.61 8.13 10.19
Shares, m 12 15 121 143 215 232 236 277 287 291
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 15.24 0.00 0.00 2.68 11.76 0.00 16.21
P/S 0.64 0.52 1.40 1.53 1.10 1.01 0.81 1.58 4.17 3.04
P/B 0.00 0.00 0.96 1.03 0.74 1.85 1.30 1.04 2.24 2.27
EV/Sales 6.21 4.63 4.57 4.78 4.01 2.42 1.40 3.27 6.53 4.30
EV/FCF (20.47) (272.23) (123.26) (104.69) 51.92 14.51 7.98 (13.93) (17.21) (458.56)
Cash, $m
Cash, $m Operating cash flow (24) 175 188 451 576 861 1,698 1,017 620 900
Capex (30) (179) (203) (486) (509) (553) (1,064) (1,384) (1,096) (920)
Free cash flow (53) (4) (14) (35) 66 308 635 (367) (476) (21)
Balance, $m
Balance, $m Working capital (2) 134 (47) (103) (242) (315) (111) (220) (329) (369)
Total debt 1,045 1,111 1,244 2,500 2,517 2,615 2,153 2,640 2,952 2,809
Net debt 979 1,049 1,221 2,482 2,487 2,585 2,098 2,624 2,945 2,785
Shareholders’ equity (271) (369) 570 1,143 1,267 1,013 2,278 2,383 2,334 2,963
Returns, %
Returns, % ROA (12.96) (12.24) (1.84) 2.17 (1.80) (5.58) 21.71 3.53 (3.63) 5.91
ROIC (16.24) (0.02) 4.43 4.74 2.71 15.65 32.58 2.83 (2.00) 7.02
ROE 61.07 34.78 (28.59) 8.66 (6.92) (22.74) 68.36 9.06 (9.74) 14.94
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Comstock Resources, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MUR Murphy Oil Corporation $5.7B 20.4× 10.3× +33.46% (above 0%: growing) +912.50% (above 0%: growing) +265.13% (above 0%: growing) 100.00% 38.21% Compare
CRGY Crescent Energy Company $5.1B 98.4× 13.9× +55.34% (above 0%: growing) +144.26% (above 0%: growing) +26.96% (above 0%: growing) 100.00% 41.65% Compare
CNX CNX Resources Corporation. $5.1B 5.3× 8.6× −35.74% (below 0%: shrinking) −54.64% (below 0%: shrinking) −27.32% (below 0%: shrinking) 81.33% 44.91% Compare
CRC California Resources Corporation $4.7B — (loss-making) — (loss-making) +32.62% (above 0%: growing) +200.00% (above 0%: growing) +4.59% (above 0%: growing) 71.32% 39.40% Compare
CRK Comstock Resources, Inc. $4.0B 7.8× 16.7× −24.88% (below 0%: shrinking) −93.33% (below 0%: shrinking) −7,691.86% (below 0%: shrinking) 98.75% 6.39%
BSM Black Stone Minerals, L.P. $3.1B 12.4× 19.6× −6.60% (below 0%: shrinking) −11.32% (below 0%: shrinking) +10.11% (above 0%: growing) 100.00% 73.89% Compare
GPOR Gulfport Energy Corporation $2.9B 6.6× 6.4× −27.79% (below 0%: shrinking) −47.12% (below 0%: shrinking) −128.89% (below 0%: shrinking) 93.86% 39.31% Compare
TALO Talos Energy Inc. $2.8B — (loss-making) — (loss-making) +56.53% (above 0%: growing) n/m −1.84% (below 0%: shrinking) 100.00% 29.82% Compare
NOG Northern Oil and Gas, Inc. $2.7B — (loss-making) — (loss-making) +5.44% (above 0%: growing) +119.61% (above 0%: growing) −266.95% (below 0%: shrinking) 76.81% 47.31% Compare
Median of peers $3.9B 12.4× 10.3× +19.03% +119.61% +1.38% 96.93% 40.53%

All 73 Oil & Gas E&P stocks →

Comstock Resources, Inc. (CRK) key facts

  • Strength: Comstock Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 77.0% from fiscal 2024.
  • Comstock Resources, Inc. (CRK) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CRK traded at $14.01, a market capitalization of $4.0 billion.
  • Return on equity was 14.9% and debt-to-equity 0.98.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.78 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Comstock Resources, Inc. (CRK) Latest News

stockrow.com/CRK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com