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Natural gas producer focused on the Haynesville shale in East Texas and North Louisiana.
Natural gas producer focused on the Haynesville shale in East Texas and North Louisiana.
Sells the gas it produces at market-linked prices, so results follow US gas prices, partly smoothed by hedges, contracts that lock in prices ahead of time. Jerry Jones, owner of the Dallas Cowboys, is the controlling shareholder. A push into the deeper Western Haynesville, which needs costlier wells, is reshaping its drilling plans.
Moat: narrow (scale, installed base). Large, contiguous Haynesville acreage near Gulf Coast LNG demand, but a commodity, price-taking business.
Headquarters: Frisco, Texas, United States · Founded: 1919 · Employees: 252
Size Comstock Resources (CRK) is a United States Energy company (Oil & Gas Production) with a market value of $3.94B, the 1354th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.41 on 6 Nov 2026.
Performance Over six months the shares fell 4.9%, against -9.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +11.2%); the operating margin is 19.3% (peer median 29.6%).
Valuation It trades at 43.4× forward earnings against a peer median of 7.9× (most expensive of 20).
Capital Return on invested capital runs 2.0 points below its cost of capital (6.6% WACC).
Credit Comstock Resources has 3 bonds outstanding ($2.59B), rated B by the agencies and trading like BB- at a weighted spread of 236 bp.
Short interest Short interest is 8.7% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.88B | $1.93B | $1.25B | $1.57B | $3.63B |
| Revenue growth | — | +54% | -20% | -57% | — |
| Gross profit | $424M | $432M | -$129M | $265M | $2.32B |
| EBITDA | $987M | $1.02B | $627M | $835M | $2.77B |
| Net income | $504M | $393M | -$219M | $212M | $1.14B |
| Free cash flow | -$735M | -$450M | -$477M | -$408M | $631M |
| Capital expenditure | $1.55B | $1.35B | $1.10B | $1.43B | $1.07B |
| Total debt | $3.17B | $2.90B | $3.03B | $2.71B | $2.24B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Comstock Resources CRK | $3.94B | -5% | +17% | 19% | 43.4× | n/a |
| Expand Energy EXE | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% |
| Antero Resources AR | $11.1B | 0% | +22% | 23% | 7.8× | -4.1% |
| Range Resources RRC | $11.4B | +20% | +18% | 33% | 12.1× | -1.7% |
| CNX Resources CNX | $4.99B | -2% | +8% | 40% | 9.3× | -5.8% |
| Gulfport Energy GPOR | $2.65B | -16% | +27% | 42% | 6.3× | -13.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | -9.0% | 6th highest of 21 |
| 6-month return | -4.9% | -9.0% | 8th highest of 21 |
| Distance from 52-week high | -52.3% | -26.5% | lowest of 21 |
| Revenue growth (TTM) | +17.3% | +11.2% | 7th highest of 20 |
| Operating margin | 19.3% | 29.6% | 7th lowest of 20 |
| Forward P/E | 43.4× | 7.9× | most expensive of 20 |
| ROIC minus cost of capital | -2.0 pp | +3.0 pp | 4th lowest of 21 |
| EV / EBITDA | 8.1× | 4.5× | 4th most expensive of 19 |
| Net debt / EBITDA | 3.2× | 1.1× | most indebted of 19 |
| Bond spread | 236 bp | 195 bp | 3rd widest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Comstock Resources CRK | United States | $3.94B | -5% | +17% | 19% | 43.4× | n/a | n/a |
| Patterson-UTI Energy PTEN | United States | $3.76B | -13% | 0% | 0% | 26.0× | 42.6% | +33.8% |
| Topaz Energy TPZ.TO | Canada | $3.17B | -9% | +22% | 60% | 22.8× | 5.9% | +29.4% |
| CNX Resources CNX | United States | $4.99B | -2% | +8% | 40% | 9.3× | -5.8% | +14.6% |
| Jiangxi Jovo Energy 605090.SS | China | $3.02B | -37% | -7% | 9% | 11.8× | -0.6% | +17.9% |
| Murphy Oil MUR | United States | $5.16B | -3% | +8% | 22% | 8.6× | -0.7% | +9.0% |
| International Petroleum Corp. (British Columbia) IPCO.TO | Canada | $2.85B | 0% | +11% | 19% | 11.2× | n/a | n/a |
| Gulfport Energy GPOR | United States | $2.65B | -16% | +27% | 42% | 6.3× | -13.4% | +10.6% |
| Harbour Energy HBR.L | United Kingdom | $6.17B | -8% | +17% | 40% | 5.1× | n/a | n/a |
| Talos Energy TALO | United States | $2.48B | -1% | +13% | 14% | 7.9× | -5.0% | +25.3% |
| Magnolia Oil & Gas MGY | United States | $6.34B | -15% | +11% | 38% | 7.4× | 3.4% | +19.4% |
| Northern Oil and Gas NOG | United States | $2.43B | -2% | -3% | 30% | 4.9× | n/a | n/a |
| Vista Energy SAB de CV Sponsored ADR VIST | United States | $6.91B | -12% | +84% | 40% | 4.6× | -13.4% | +55.3% |
| Seplat Energy SEPL.L | United Kingdom | $7.14B | +56% | +25% | 27% | 19.7× | -7.1% | +38.0% |
| Select Water Solutions WTTR | United States | $2.09B | -4% | -2% | 4% | 28.9× | n/a | n/a |
| Energean ENOG.L | United Kingdom | $1.72B | -19% | +9% | 27% | 4.2× | -2.4% | +126.8% |
| Spartan Delta SDE.TO | Canada | $1.63B | -11% | +93% | 32% | 7.6× | n/a | n/a |
| Vermilion Energy VET.TO | Canada | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% | +9.1% |
| Etablissements Maurel & Prom MAU.PA | France | $1.57B | -29% | -11% | 31% | 5.4× | n/a | n/a |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| BlueNord BNOR.OL | Norway | $1.49B | -6% | +28% | 32% | 10.9× | -12.2% | +15.0% |
Comstock Resources has 3 bonds outstanding with $2.59B face value. The agencies rate it B; its bonds trade like BB-. Weighted yield 6.72%, a spread of 236 bp over government bonds.