Comstock Resources (CRK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Comstock Resources

NYSE•Energy•Oil & Gas E&P

$13.10-1.21(-0.08%)Pre-market

Market Cap

$3.74B

P/E

7.4x

P/S

1.7x

P/B

1.5x

Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.

How this company scores

WeakMetricSide Score: 58/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Growth (24/25); weakest: Cash & Earnings Quality (1/25).

Profitability22/25

Growth24/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality1/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.4x5y range 2.1x – 104.2x

Currently near its 12-quarter median.

P/S · 1.7x5y range 0.8x – 4.9x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.0x – 3.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $3.74B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.18B
Q. Revenue: $353.28M
TTM EBITDA: $1.25B
TTM Op. Income: $627.71M
Q. Op. Income: $22.58M
TTM Net Income: $508.26M
Q. Net Income: $8.77M
EPS: $0.03
Shares Out.: $291.61M

$2.18B in TTM revenue grew 31.6% YoY, reaching $353.28M last quarter. TTM EBITDA of $1.25B and TTM operating income of $627.71M show growth is flowing through to the bottom line. TTM net income of $508.26M means revenue is converting into profit. Over the past year, TTM revenue is up 32% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 53.8%
Op. Margin: 6.4%
Net Margin: 2.5%

Op. margin of 6.4% is down 12.6% YoY — costs are rising relative to revenue. Net margin at 2.5% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.4x
P/S Ratio: 1.7x
P/B Ratio: 1.5x

At 7.4x P/E, the stock trades below typical market levels. P/S of 1.7x and P/B of 1.5x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 4 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.52B
Cash: $45.01M
Long-Term Debt: $3.10B
Book Value: $2.58B
D/E Ratio: 1.2
Debt/EBITDA: 16.3

With $7.52B in assets and $3.10B in long-term debt, D/E is 1.2and book value is $2.58B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $170.21M
TTM Free Cash Flow: $-735.22M
FCF Margin: -33.8%
FCF / Net Income: -1.4

TTM FCF of $-735.22M on $170.21M in operating cash flow. The FCF / Net Income ratio of -1.4x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.