Comstock Resources, Inc. (CRK) Balance Sheet
CRK balance sheet, 2025
December 31, 2025 · U.S. dollars$7.01B assets = $4.04B liabilities + $2.96B equity
Both columns are drawn to the same scale: what CRK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRK financial health
Descriptive bands, not a rating. Fiscal 2025.
CRK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $889.9M2016 | $7.01B2025 | +25.8%/yr | |
| Total liabilities | $1.16B2016 | $4.04B2025 | +14.9%/yr | |
| Shareholders’ equity | −$271.3M2016 | $2.65B2025 | — | |
| Cash & short-term investments | $65.9M2016 | $23.9M2025 | −10.6%/yr | |
| Total debt | $1.05B2016 | $2.95B2025 | +12.2%/yr | |
| Net cash (debt) | −$984.6M2016 | −$2.93B2025 | −$1.9B | |
| Working capital | −$1.5M2016 | −$368.6M2025 | −$367.0M | |
| Book value per share | $5.402018 | $9.002025 | +7.6%/yr | |
| Current ratio | 0.982016 | 0.492025 | −0.49 | |
| Debt / equity | 2.192018 | 1.122025 | −1.07 | |
| Shares outstanding | 105.5M2018 | 294.1M2025 | +15.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRK assets
CRK liabilities and equity
CRK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $23.9M | $6.8M | $16.7M | $54.7M | $30.7M | $30.3M | $18.5M | $23.2M | $61.3M | $65.9M |
| Cash & equivalents | $23.9M | $6.8M | $16.7M | $54.7M | $30.7M | $30.3M | $18.5M | $23.2M | $61.3M | $65.9M |
| Short-term investments | — | — | — | — | — | — | — | $15.4M | $0 | $0 |
| Receivables | $242.5M | $211.9M | $245.5M | $524.4M | $275.6M | $145.8M | $189.1M | $108.5M | $40.0M | $22.4M |
| Inventory | $0 | $0 | $0 | $34.8M | $5.0M | $3.1M | $4.5M | $15.4M | $998,000 | $1.2M |
| Other current assets | $94.5M | $65.4M | $199.3M | $31.1M | $7.4M | $20.7M | $91.4M | $12.4M | $200.3M | $641,000 |
| Total current assets | $360.9M | $284.0M | $461.5M | $645.0M | $318.7M | $199.8M | $303.6M | $159.4M | $302.5M | $90.2M |
| Property, plant & equipment (net) | $6.31B | $5.76B | $5.46B | $4.71B | $4.01B | $4.09B | $4.01B | $1.67B | $607.9M | $798.7M |
| Goodwill & intangible assets | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $350.2M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $661,000 | $19.0M | $10.2M | $19.1M | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $118.6M | $0 | $2,000 | $899,000 | $1.0M |
| Total assets | $7.01B | $6.38B | $6.25B | $5.69B | $4.67B | $4.74B | $4.66B | $2.19B | $930.4M | $889.9M |
| Liabilities | ||||||||||
| Accounts payable | $501.7M | $421.8M | $523.3M | $530.2M | $314.6M | $259.3M | $253.0M | $138.8M | $126.0M | $45.3M |
| Short-term debt | $46.9M | $38.6M | $26.1M | $40.8M | $4.5M | $2.3M | $7.0M | $2.1M | $1.11B | $6.0M |
| Deferred revenue | — | — | $1.9M | $425.7M | $135.0M | $133.0M | $132.2M | — | — | — |
| Total current liabilities | $729.5M | $612.9M | $681.5M | $756.1M | $634.0M | $441.6M | $392.4M | $206.9M | $168.5M | $91.7M |
| Long-term debt | $2.81B | $2.95B | $2.64B | $2.15B | $2.62B | $2.52B | $2.50B | $1.24B | $1.11B | $1.04B |
| Lease obligations | $98.4M | $76.3M | $73.8M | $90.8M | $8.6M | $3.0M | $3.5M | $2.1M | — | — |
| Other long-term liabilities | $505.6M | $483.6M | $548.5M | $507.2M | $231.2M | $342.0M | $621.6M | $167.1M | $20.7M | $24.9M |
| Total liabilities | $4.04B | $4.05B | $3.87B | $3.42B | $3.48B | $3.30B | $3.51B | $1.62B | $930.4M | $1.16B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $146.5M | $146.1M | $139.2M | $138.8M | $116.5M | $116.2M | $95.0M | $52.9M | $7.7M | $7.0M |
| Retained earnings (deficit) | $1.12B | $728.6M | $958.3M | $886.1M | −$204.0M | $55.2M | $138.6M | $64.1M | −$369.3M | −$815.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $139.0M | −$210.6M | −$2.04B | −$3.02B |
| Minority interest | $316.1M | $92.5M | $24.8M | $0 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.65B | $2.24B | $2.36B | $2.28B | $1.19B | $1.44B | $1.14B | $569.6M | −$369.3M | −$271.3M |
| Key figures | ||||||||||
| Total debt | $2.95B | $3.03B | $2.71B | $2.25B | $2.62B | $2.52B | $2.51B | $1.25B | $1.11B | $1.05B |
| Net cash (debt) | −$2.93B | −$3.02B | −$2.70B | −$2.19B | −$2.59B | −$2.49B | −$2.49B | −$1.22B | −$1.05B | −$984.6M |
| Working capital | −$368.6M | −$328.8M | −$220.0M | −$111.2M | −$315.2M | −$241.8M | −$88.8M | −$47.4M | $134.0M | −$1.5M |
| Tangible book value | $2.31B | $1.91B | $2.02B | $1.94B | $851.9M | $1.11B | $807.1M | $219.4M | −$369.3M | −$271.3M |
| Book value per share | $9.00 | $7.81 | $8.52 | $8.21 | $5.13 | $6.70 | $6.10 | $5.40 | — | — |
| Shares outstanding | 294.1M | 287.0M | 276.8M | 277.5M | 231.6M | 215.2M | 187.4M | 105.5M | — | — |
| Current ratio | 0.49 | 0.46 | 0.68 | 0.85 | 0.50 | 0.45 | 0.77 | 0.77 | 1.80 | 0.98 |
| Quick ratio | 0.37 | 0.36 | 0.38 | 0.77 | 0.48 | 0.40 | 0.53 | 0.64 | 0.60 | 0.96 |
| Debt / equity | 1.12 | 1.35 | 1.15 | 0.99 | 2.21 | 1.75 | 2.19 | 2.19 | — | — |
| Equity / assets | 37.8% | 35.1% | 37.7% | 40.0% | 25.4% | 30.4% | 24.5% | 26.0% | −39.7% | −30.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $45.0M | $14.8M | $23.9M | $19.2M | $25.9M | $32.9M | $6.8M | $13.8M | $19.3M | $6.4M | $16.7M | $19.8M |
| Cash & equivalents | $45.0M | $14.8M | $23.9M | $19.2M | $25.9M | $32.9M | $6.8M | $13.8M | $19.3M | $6.4M | $16.7M | $19.8M |
| Receivables | $177.4M | $169.1M | $242.5M | $184.9M | $184.1M | $244.5M | $211.9M | $170.2M | $164.7M | $140.6M | $245.5M | $229.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$155.9M | $0 | $0 | $0 | $50.7M |
| Other current assets | $116.2M | $106.2M | $94.5M | $64.8M | $59.0M | $61.6M | $65.4M | $271.6M | $139.4M | $211.0M | $199.3M | $26.8M |
| Total current assets | $338.6M | $290.1M | $360.9M | $268.9M | $269.0M | $339.0M | $284.0M | $299.7M | $323.4M | $358.1M | $461.5M | $327.2M |
| Property, plant & equipment (net) | $6.76B | $6.57B | $6.31B | $6.24B | $6.09B | $5.93B | $5.76B | $5.67B | $5.67B | $5.62B | $5.46B | $5.37B |
| Goodwill & intangible assets | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M | $335.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $93.9M | $39.1M | $0 | $166,000 | $139,000 | $0 | $0 | $4.8M | $0 | $0 | $0 | $0 |
| Total assets | $7.52B | $7.24B | $7.01B | $6.84B | $6.69B | $6.60B | $6.38B | $6.31B | $6.32B | $6.32B | $6.25B | $6.03B |
| Liabilities | ||||||||||||
| Accounts payable | $503.1M | $553.0M | $501.7M | $455.3M | $460.1M | $433.8M | $421.8M | $358.3M | $377.9M | $441.0M | $523.3M | $503.6M |
| Short-term debt | $37.6M | $47.2M | $46.9M | $48.3M | $52.1M | $51.5M | $38.6M | $39.0M | $38.8M | $36.6M | $26.1M | $52.7M |
| Deferred revenue | — | — | — | — | — | — | — | −$35.4M | $15.8M | $10.3M | $1.9M | — |
| Total current liabilities | $711.9M | $711.9M | $729.5M | $649.8M | $748.1M | $858.1M | $612.9M | $499.8M | $552.3M | $556.0M | $681.5M | $660.0M |
| Long-term debt | $3.10B | $2.95B | $2.81B | $3.13B | $3.02B | $3.05B | $2.95B | $2.95B | $2.86B | $2.70B | $2.64B | $2.50B |
| Lease obligations | $74.1M | $86.7M | $98.4M | $80.2M | $91.5M | $102.0M | $76.3M | $85.7M | $94.5M | $100.1M | $73.8M | $148.1M |
| Other long-term liabilities | $550.4M | $509.8M | $505.6M | $447.4M | $493.8M | $416.2M | $483.6M | $502.1M | $550.3M | $580.3M | $548.5M | $585.0M |
| Total liabilities | $4.36B | $4.17B | $4.04B | $4.22B | $4.26B | $4.32B | $4.05B | $3.95B | $3.96B | $3.84B | $3.87B | $3.75B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $146.8M | $146.8M | $146.5M | $146.5M | $146.5M | $146.5M | $146.1M | $146.1M | $146.1M | $146.1M | $139.2M | $139.2M |
| Retained earnings (deficit) | $1.24B | $1.23B | $1.12B | $843.3M | $732.2M | $607.3M | $728.6M | $786.7M | $815.6M | $941.9M | $958.3M | $885.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Minority interest | $584.4M | $312.9M | $316.1M | $257.5M | $191.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.58B | $2.76B | $2.65B | $2.36B | $2.24B | $2.12B | $2.24B | $2.30B | $2.32B | $2.45B | $2.36B | $2.28B |
| Key figures | ||||||||||||
| Total debt | $3.17B | $3.03B | $2.95B | $3.20B | $3.11B | $3.15B | $3.03B | $3.03B | $2.95B | $2.80B | $2.71B | $2.65B |
| Net cash (debt) | −$3.12B | −$3.02B | −$2.93B | −$3.18B | −$3.08B | −$3.12B | −$3.02B | −$3.02B | −$2.93B | −$2.80B | −$2.70B | −$2.63B |
| Working capital | −$373.3M | −$421.9M | −$368.6M | −$381.0M | −$479.2M | −$519.1M | −$328.8M | −$200.1M | −$228.9M | −$198.0M | −$220.0M | −$332.8M |
| Tangible book value | $2.24B | $2.42B | $2.31B | $2.02B | $1.91B | $1.79B | $1.91B | $1.96B | $1.98B | $2.11B | $2.02B | $1.95B |
| Book value per share | $8.85 | $9.47 | $8.99 | $8.03 | $7.62 | $7.31 | $7.72 | $7.91 | $8.01 | $8.80 | $8.51 | $8.24 |
| Shares outstanding | 291.5M | 291.3M | 294.6M | 294.0M | 294.2M | 290.3M | 290.2M | 290.2M | 289.7M | 278.0M | 277.0M | 277.0M |
| Current ratio | 0.48 | 0.41 | 0.49 | 0.41 | 0.36 | 0.40 | 0.46 | 0.60 | 0.59 | 0.64 | 0.68 | 0.50 |
| Quick ratio | 0.31 | 0.26 | 0.37 | 0.31 | 0.28 | 0.32 | 0.36 | 0.37 | 0.33 | 0.26 | 0.38 | 0.38 |
| Debt / equity | 1.23 | 1.10 | 1.12 | 1.36 | 1.39 | 1.49 | 1.35 | 1.32 | 1.27 | 1.15 | 1.15 | 1.16 |
| Equity / assets | 34.3% | 38.1% | 37.8% | 34.5% | 33.5% | 32.1% | 35.1% | 36.4% | 36.7% | 38.7% | 37.7% | 37.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
CRK financial position
At the end of fiscal 2025 (December 31, 2025), Comstock Resources had total assets of $7.0 billion (up 9.8% from a year earlier), total liabilities of $4.0 billion and shareholders' equity of $2.6 billion. It held $23.9 million in cash and short-term investments against $3.0 billion of debt, net debt of $2.9 billion. Its current ratio was 0.49. In the latest quarter (ended June 30, 2026) total assets were $7.5 billion and equity $2.6 billion.
Related: CRK income statement, CRK cash flow statement, CRK key metrics. See the CRK stock overview for the latest quote and news.
CRK balance sheet FAQ
What are Comstock Resources's total assets?
Comstock Resources reported total assets of $7.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.4 billion a year earlier.
How much debt does Comstock Resources have?
Comstock Resources had $3.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.12.
How much cash does Comstock Resources have?
Comstock Resources held $23.9 million in cash and short-term investments at the end of fiscal 2025; with $3.0 billion of debt that is net debt of $2.9 billion.
What is Comstock Resources's book value?
Comstock Resources's shareholders' equity (book value) was $2.6 billion at the end of fiscal 2025, or $9.00 per share.
What is Comstock Resources's current ratio?
Comstock Resources had current assets of $360.9 million and current liabilities of $729.5 million, a current ratio of 0.49 (current liabilities exceed current assets).
How much goodwill does Comstock Resources have?
Comstock Resources carried $335.9 million of goodwill and intangible assets, 4.8% of total assets, at the end of fiscal 2025.