Comstock Resources (CRK) financial statements
Comstock Resources reported revenue of $2.2B in fiscal 2025, up 36.2% a year over 7 years.
Net income was $396M.
Free cash flow was -$450M.
The diluted share count rose 3089% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Comstock Resources's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $255M | $769M | $858M | $1.9B | $3.6B | $1.6B | $1.3B | $2.2B |
| Selling, general and admin | $24M | $24M | $26M | $29M | $32M | $35M | $39M | $38M | $39M | $49M |
| Operating income | -$1.2B | -$184M | -$183,000 | $275M | $163M | $901M | $2.3B | $227M | -$169M | $646M |
| Interest expense | $119M | $129M | $146M | $162M | $235M | $218M | $171M | $169M | $211M | $223M |
| Pre-tax income | -$1.2B | -$128M | -$129M | $125M | -$62M | -$230M | $1.4B | $247M | -$368M | $509M |
| Income tax | -$154M | $7M | -$18M | $28M | -$9M | $11M | $261M | $35M | -$149M | $89M |
| Net income | -$1.0B | -$135M | -$111M | $97M | -$52M | -$259M | $1.1B | $211M | -$230M | $396M |
| EPS (diluted) | -$113.53 | -$11.52 | -$7.61 | $0.52 | -$0.39 | -$1.12 | $4.11 | $0.76 | -$0.76 | $1.43 |
| Diluted shares | 9M | 12M | 15M | 187M | 215M | 232M | 277M | 277M | 287M | 294M |
| Operating margin | — | — | -0.1% | 35.8% | 19.0% | 48.7% | 62.9% | 14.5% | -13.4% | 29.1% |
| Net margin | — | — | -43.6% | 12.6% | -6.1% | -14.0% | 31.0% | 13.5% | -18.3% | 17.8% |
Balance sheet
Fiscal years, from Comstock Resources's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $66M | $61M | $19M | $30M | $31M | $55M | $17M | $7M | $24M |
| Receivables | $15M | $19M | $27M | $120M | $125M | $217M | $415M | $167M | $145M | $204M |
| Total current assets | $156M | $90M | $303M | $290M | $200M | $319M | $645M | $461M | $284M | $361M |
| Property, plant and equipment | $1.0B | $799M | $608M | $4.0B | $4.1B | $4.0B | $4.6B | $5.4B | $5.7B | $6.2B |
| Goodwill | — | — | — | $336M | $336M | $336M | $336M | $336M | $336M | $336M |
| Total assets | $1.2B | $890M | $930M | $4.7B | $4.6B | $4.7B | $5.7B | $6.3B | $6.4B | $7.0B |
| Total current liabilities | $96M | $92M | $168M | $392M | $442M | $634M | $756M | $681M | $613M | $730M |
| Long-term debt | $1.2B | $1.0B | $1.1B | $2.5B | $2.5B | $2.6B | $2.2B | $2.6B | $3.0B | $2.8B |
| Total liabilities | $1.4B | $1.2B | $1.3B | $3.1B | $3.2B | $3.5B | $3.4B | $3.9B | $4.0B | $4.0B |
| Shareholders' equity | -$171M | -$271M | -$369M | $1.1B | $1.3B | $1.0B | $2.3B | $2.4B | $2.2B | $2.6B |
| Net debt | $1.1B | $979M | $1.0B | $2.5B | $2.5B | $2.6B | $2.1B | $2.6B | $2.9B | $2.8B |
Cash flow
Fiscal years, from Comstock Resources's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30M | -$24M | $175M | $451M | $576M | $861M | $1.7B | $1.0B | $620M | $900M |
| Capital spending | $264M | $57M | $180M | $487M | $510M | $691M | $1.1B | $1.4B | $1.1B | $1.3B |
| Free cash flow | -$234M | -$81M | -$6M | -$36M | $66M | $170M | $631M | -$408M | -$477M | -$450M |
| Stock-based compensation | $8M | $5M | $6M | $4M | $6M | $7M | $7M | $10M | $15M | $21M |
| Dividends paid | — | — | — | — | $0 | $0 | $35M | $139M | $0 | $0 |
| Share buybacks (net) | $0 | $0 | — | — | — | — | — | — | — | — |
| Net borrowing | $325M | — | $0 | $0 | $752M | $2.2B | $0 | $0 | $372M | $0 |
| Free cash flow margin | — | — | -2.3% | -4.6% | 7.7% | 9.2% | 17.4% | -26.1% | -38.0% | -20.3% |
| Dividends per share | — | — | — | — | — | — | $0.13 | $0.50 | — | — |
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Open CRK in InvestinglyQuestions
What was Comstock Resources's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Comstock Resources generate?
-$450M in fiscal 2025 (operating cash flow minus capital spending).
From Comstock Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.