Comstock Historical Income Statement

CRK Stock

USD 9.77 0.29 2.88%

Historical analysis of Comstock Resources income statement accounts such as Selling General Administrative of 39.9 M, Total Revenue of 1.6 B or Gross Profit of 227.7 M can show how well Comstock Resources performed in making a profits. Evaluating Comstock Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Comstock Resources's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Comstock Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Comstock Resources is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

About Comstock Income Statement Analysis

Comstock Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Comstock Resources shareholders. The income statement also shows Comstock investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Comstock Resources Income Statement Chart

Comstock Resources Income Statement is one of the three primary financial statements used for reporting Comstock's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Comstock Resources revenue and expense. Comstock Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Comstock Resources' EBITDA is quite stable compared to the past year. Net Income is expected to rise to about 222.5 M this year, although the value of Total Operating Expenses will most likely fall to about 36.1 M.

Selling General Administrative Total Revenue Other Operating Expenses Total Operating Expenses Net Income Applicable To Common Shares

Total Revenue

Total revenue comprises all receipts Comstock Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Comstock Resources. It is also known as Comstock Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Comstock Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Comstock Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.At this time, Comstock Resources' EBITDA is quite stable compared to the past year. Net Income is expected to rise to about 222.5 M this year, although the value of Total Operating Expenses will most likely fall to about 36.1 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	632.1M	490.0M	607.9M	638.3M
Cost Of Revenue	752.9M	1.3B	1.3B	1.4B

Depreciation And Amortization Cost Of Revenue

Comstock Resources income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Cost Of Revenue	Depreciation And Amortization	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Extraordinary Items	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.49	0.53	0.39	0.54	0.38	0.39	0.48	-0.33	0.15	0.32	0.57	0.55	0.19	-0.43	0.54	0.18	-0.12	-0.53	-0.27	-0.07	0.71	0.55	-0.86	0.75
Selling General Administrative	0.49		0.58	0.4	0.74	0.38	0.37	0.53	0.16	0.36	0.3	0.67	0.79	0.34	-0.17	0.85	0.35	-0.17	-0.5	-0.36	-0.2	0.37	0.53	-0.35	0.51
Total Revenue	0.53	0.58		0.91	0.84	0.88	0.92	0.98	-0.25	0.72	0.82	0.83	0.71	0.75	-0.56	0.29	0.73	-0.24	-0.85	-0.3	-0.33	0.79	0.82	-0.51	0.78
Gross Profit	0.39	0.4	0.91		0.55	0.94	0.98	0.95	-0.09	0.71	0.86	0.53	0.43	0.75	-0.65	0.13	0.72	-0.27	-0.7	0.05	-0.31	0.77	0.57	-0.41	0.57
Other Operating Expenses	0.54	0.74	0.84	0.55		0.54	0.58	0.74	-0.23	0.52	0.53	0.98	0.89	0.54	-0.28	0.49	0.53	-0.13	-0.8	-0.68	-0.3	0.59	0.9	-0.47	0.82
Operating Income	0.38	0.38	0.88	0.94	0.54		0.94	0.91	-0.22	0.87	0.94	0.55	0.4	0.89	-0.41	0.07	0.88	-0.56	-0.69	-0.04	-0.41	0.79	0.59	-0.46	0.61
Ebit	0.39	0.37	0.92	0.98	0.58	0.94		0.97	-0.23	0.74	0.86	0.59	0.44	0.77	-0.62	0.09	0.74	-0.26	-0.69	0.03	-0.27	0.76	0.58	-0.41	0.58
Ebitda	0.48	0.53	0.98	0.95	0.74	0.91	0.97		-0.26	0.7	0.8	0.75	0.65	0.73	-0.63	0.22	0.7	-0.24	-0.81	-0.15	-0.31	0.75	0.73	-0.5	0.7
Total Operating Expenses	-0.33	0.16	-0.25	-0.09	-0.23	-0.22	-0.23	-0.26		-0.16	-0.15	-0.4	-0.19	-0.16	0.15	0.22	-0.14	0.12	0.31	0.19	-0.09	-0.26	-0.3	0.33	-0.32
Net Income	0.15	0.36	0.72	0.71	0.52	0.87	0.74	0.7	-0.16		0.93	0.52	0.26	0.99	0.04	0.03	0.99	-0.69	-0.47	-0.2	-0.45	0.68	0.49	-0.21	0.49
Income Tax Expense	0.32	0.3	0.82	0.86	0.53	0.94	0.86	0.8	-0.15	0.93		0.53	0.26	0.96	-0.21	0.04	0.95	-0.56	-0.57	-0.14	-0.35	0.86	0.57	-0.33	0.59
Cost Of Revenue	0.57	0.67	0.83	0.53	0.98	0.55	0.59	0.75	-0.4	0.52	0.53		0.88	0.54	-0.29	0.42	0.52	-0.14	-0.81	-0.67	-0.27	0.61	0.9	-0.5	0.83
Depreciation And Amortization	0.55	0.79	0.71	0.43	0.89	0.4	0.44	0.65	-0.19	0.26	0.26	0.88		0.27	-0.4	0.55	0.25	-0.07	-0.79	-0.56	-0.29	0.34	0.81	-0.56	0.74
Income Before Tax	0.19	0.34	0.75	0.75	0.54	0.89	0.77	0.73	-0.16	0.99	0.96	0.54	0.27		-0.01	0.02	1.0	-0.67	-0.5	-0.2	-0.42	0.74	0.52	-0.24	0.52
Total Other Income Expense Net	-0.43	-0.17	-0.56	-0.65	-0.28	-0.41	-0.62	-0.63	0.15	0.04	-0.21	-0.29	-0.4	-0.01		-0.11	0.03	-0.37	0.54	-0.23	0.02	-0.35	-0.34	0.43	-0.36
Selling And Marketing Expenses	0.54	0.85	0.29	0.13	0.49	0.07	0.09	0.22	0.22	0.03	0.04	0.42	0.55	0.02	-0.11		0.03	0.08	-0.22	-0.18	0.15	0.3	0.27	-0.23	0.34
Net Income From Continuing Ops	0.18	0.35	0.73	0.72	0.53	0.88	0.74	0.7	-0.14	0.99	0.95	0.52	0.25	1.0	0.03	0.03		-0.69	-0.48	-0.21	-0.44	0.72	0.5	-0.23	0.51
Non Recurring	-0.12	-0.17	-0.24	-0.27	-0.13	-0.56	-0.26	-0.24	0.12	-0.69	-0.56	-0.14	-0.07	-0.67	-0.37	0.08	-0.69		0.27	0.14	0.53	-0.34	-0.24	0.32	-0.33
Non Operating Income Net Other	-0.53	-0.5	-0.85	-0.7	-0.8	-0.69	-0.69	-0.81	0.31	-0.47	-0.57	-0.81	-0.79	-0.5	0.54	-0.22	-0.48	0.27		0.49	0.38	-0.6	-0.94	0.58	-0.84
Discontinued Operations	-0.27	-0.36	-0.3	0.05	-0.68	-0.04	0.03	-0.15	0.19	-0.2	-0.14	-0.67	-0.56	-0.2	-0.23	-0.18	-0.21	0.14	0.49		0.19	-0.21	-0.71	0.21	-0.51
Extraordinary Items	-0.07	-0.2	-0.33	-0.31	-0.3	-0.41	-0.27	-0.31	-0.09	-0.45	-0.35	-0.27	-0.29	-0.42	0.02	0.15	-0.44	0.53	0.38	0.19		-0.17	-0.33	0.37	-0.45
Tax Provision	0.71	0.37	0.79	0.77	0.59	0.79	0.76	0.75	-0.26	0.68	0.86	0.61	0.34	0.74	-0.35	0.3	0.72	-0.34	-0.6	-0.21	-0.17		0.63	-0.54	0.73
Interest Income	0.55	0.53	0.82	0.57	0.9	0.59	0.58	0.73	-0.3	0.49	0.57	0.9	0.81	0.52	-0.34	0.27	0.5	-0.24	-0.94	-0.71	-0.33	0.63		-0.53	0.87
Net Interest Income	-0.86	-0.35	-0.51	-0.41	-0.47	-0.46	-0.41	-0.5	0.33	-0.21	-0.33	-0.5	-0.56	-0.24	0.43	-0.23	-0.23	0.32	0.58	0.21	0.37	-0.54	-0.53		-0.78
Reconciled Depreciation	0.75	0.51	0.78	0.57	0.82	0.61	0.58	0.7	-0.32	0.49	0.59	0.83	0.74	0.52	-0.36	0.34	0.51	-0.33	-0.84	-0.51	-0.45	0.73	0.87	-0.78

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Comstock Resources Account Relationship Matchups

Comstock Resources income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	161.5M	234.8M	218.5M	171.1M	169.0M	177.5M
Selling General Administrative	29.2M	32.0M	34.9M	39.4M	38.0M	39.9M
Total Revenue	768.7M	858.2M	1.9B	3.6B	1.6B	1.6B
Gross Profit	304.4M	195.1M	1.1B	2.3B	264.5M	227.7M
Other Operating Expenses	493.8M	695.2M	787.9M	1.3B	1.3B	1.4B
Operating Income	274.9M	163.0M	900.8M	2.3B	226.5M	237.8M
Ebit	274.9M	163.0M	900.8M	2.3B	226.5M	132.3M
Ebitda	552.1M	581.2M	1.5B	2.8B	834.4M	876.1M
Total Operating Expenses	29.5M	32.1M	34.9M	47.7M	38.0M	36.1M
Net Income	96.9M	(52.4M)	(241.7M)	1.1B	211.9M	222.5M
Income Tax Expense	27.8M	(9.2M)	11.4M	261.1M	35.1M	36.8M
Cost Of Revenue	464.3M	663.1M	752.9M	1.3B	1.3B	1.4B
Depreciation And Amortization	277.2M	418.2M	632.1M	490.0M	607.9M	638.3M
Income Before Tax	124.7M	(61.6M)	(230.3M)	1.4B	247.0M	259.3M
Total Other Income Expense Net	(150.2M)	(224.7M)	(1.1B)	(879.5M)	20.5M	21.5M
Net Income From Continuing Ops	96.9M	(52.4M)	(241.7M)	1.1B	211.9M	222.5M
Net Income Applicable To Common Shares	74.5M	(83.4M)	(259.2M)	1.1B	1.3B	1.4B
Tax Provision	27.8M	(9.2M)	11.4M	261.1M	35.1M	22.3M
Interest Income	109.8M	224.9M	779.1M	833.6M	958.7M	1.0B

Comstock Resources Investors Sentiment

The influence of Comstock Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comstock. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Comstock Resources' public news can be used to forecast risks associated with an investment in Comstock. The trend in average sentiment can be used to explain how an investor holding Comstock can time the market purely based on public headlines and social activities around Comstock Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Comstock Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comstock Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comstock Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comstock Resources.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comstock Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comstock Resources' short interest history, or implied volatility extrapolated from Comstock Resources options trading.

Pair Trading with Comstock Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comstock Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comstock Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comstock Stock

0.96	AR	Antero Resources Corp	Pair Corr
0.82	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.81	SD	SandRidge Energy	Pair Corr
0.84	SM	SM Energy	Pair Corr

Moving against Comstock Stock

0.65

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to Comstock Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comstock Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comstock Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comstock Resources to buy it.

The correlation of Comstock Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comstock Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comstock Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Comstock Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Comstock Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Comstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock:

How To Invest In Comstock

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Is Comstock Stock a good investment?

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What is Comstock Resources' Net Worth?

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For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Comstock Stock analysis

When running Comstock Resources' price analysis, check to measure Comstock Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comstock Resources is operating at the current time. Most of Comstock Resources' value examination focuses on studying past and present price action to predict the probability of Comstock Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comstock Resources' price. Additionally, you may evaluate how the addition of Comstock Resources to your portfolios can decrease your overall portfolio volatility.

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Is Comstock Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Resources. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.79)

Dividend Share

0.5

Earnings Share

0.76

Revenue Per Share

5.654

Quarterly Revenue Growth

(0.56)

The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Comstock Historical Income Statement

About Comstock Income Statement Analysis

Comstock Resources Income Statement Chart

Total Revenue

Other Operating Expenses

Total Operating Expenses

Net Income Applicable To Common Shares

Comstock Resources income statement Correlations

Comstock Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comstock Resources income statement Accounts

Comstock Resources Investors Sentiment

Pair Trading with Comstock Resources

Moving together with Comstock Stock

Moving against Comstock Stock

Complementary Tools for Comstock Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Income From Continuing Ops	+ 1.0	Income Before Tax
Income Before Tax	+ 0.99	Net Income
Net Income From Continuing Ops	+ 0.99	Net Income
Ebitda	+ 0.98	Total Revenue
Ebit	+ 0.98	Gross Profit
Cost Of Revenue	+ 0.98	Other Operating Expenses

Interest Income	- 0.94	Non Operating Income Net Other
Net Interest Income	- 0.86	Interest Expense
Non Operating Income Net Other	- 0.85	Total Revenue
Reconciled Depreciation	- 0.84	Non Operating Income Net Other
Non Operating Income Net Other	- 0.81	Cost Of Revenue
Non Operating Income Net Other	- 0.81	Ebitda