Comstock Resources, Inc. (CRK) Key Metrics
CRK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.11B
- Enterprise value
- $7.08B
- P/E (TTM)
- 7.7 10-yr median 13.7
- Forward P/E
- 46.3
- PEG ratio
- 4.64
- Price / sales
- 2.2 10-yr median 1.7
- Price / book
- 1.5 10-yr median 1.5
- EV / EBITDA
- 4.8 10-yr median 6.8
- Dividend yield
- —
- Beta
- 0.51
CRK key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCRK valuation Price multiples at each fiscal year-end price.
CRK returns How much profit the business earns on the capital it uses.
CRK per-share figures Results divided by the shares outstanding at year-end.
CRK financial health Debt, liquidity and how easily interest is covered.
CRK efficiency & capital use Working capital cycle and where the cash goes.
CRK valuation history
CRK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRK cash returned to shareholders
CRK price vs earnings per share
CRK key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.82B | $5.23B | $2.45B | $3.80B | $1.87B | $940.4M | $1.54B | $477.7M | — | — |
| Enterprise value | $9.75B | $8.25B | $5.15B | $6.00B | $4.47B | $3.43B | $4.03B | $1.70B | — | — |
| P/E ratio | 16.2 | — | 11.6 | 3.3 | — | — | 15.9 | — | — | — |
| Price / sales | 3.5 | 4.2 | 1.6 | 1.0 | 1.0 | 1.1 | 2.0 | 1.9 | — | — |
| Price / book | 2.6 | 2.3 | 1.0 | 1.7 | 1.6 | 0.7 | 1.3 | 0.8 | — | — |
| Price / free cash flow | — | — | — | 6.0 | 11.0 | 14.2 | — | — | — | — |
| Price / operating cash flow | 7.6 | 8.4 | 2.4 | 2.2 | 2.2 | 1.6 | 3.4 | 2.5 | — | — |
| EV / sales | 5.1 | 6.6 | 3.3 | 1.7 | 2.4 | 4.0 | 5.2 | 6.7 | — | — |
| EV / EBITDA | 7.1 | 12.9 | 5.0 | 2.9 | 9.8 | 5.8 | 7.3 | 6.6 | — | — |
| EV / free cash flow | — | — | — | 9.5 | 26.3 | 52.0 | — | — | — | — |
| Earnings yield | 6.2% | −4.2% | 8.6% | 30.0% | −12.9% | −5.6% | 6.3% | −23.3% | — | — |
| Free cash flow yield | −6.6% | −9.1% | −16.7% | 16.6% | 9.1% | 7.0% | −2.3% | −27.6% | — | — |
| Dividend yield | 0.0% | 0.0% | 5.7% | 1.3% | 0.9% | 2.7% | 1.2% | 3.7% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 5.8% | 1.5% | 1.0% | 25.1% | 1.2% | 4.8% | — | — |
| Share price at fiscal year-end | $23.18 | $18.22 | $8.85 | $13.71 | $8.09 | $4.37 | $8.23 | $4.53 | $8.46 | $9.85 |
| Per share | ||||||||||
| Revenue per share | $6.56 | $4.37 | $5.65 | $13.08 | $7.99 | $3.99 | $4.10 | $2.42 | — | — |
| Earnings per share | $1.43 | −$0.76 | $0.77 | $4.11 | −$1.04 | −$0.24 | $0.52 | −$1.06 | — | — |
| Operating cash flow per share | $3.06 | $2.16 | $3.67 | $6.12 | $3.71 | $2.68 | $2.41 | $1.78 | — | — |
| Free cash flow per share | −$1.53 | −$1.66 | −$1.47 | $2.27 | $0.73 | $0.31 | −$0.19 | −$1.25 | — | — |
| Cash per share | $0.08 | $0.02 | $0.06 | $0.20 | $0.13 | $0.14 | $0.10 | $0.22 | — | — |
| Book value per share | $9.00 | $7.81 | $8.52 | $8.21 | $5.13 | $6.70 | $6.10 | $5.40 | — | — |
| Tangible book value per share | $7.86 | $6.64 | $7.31 | $7.00 | $3.68 | $5.14 | $4.31 | $2.08 | — | — |
| Dividends per share | $0.00 | $0.00 | $0.50 | $0.18 | $0.08 | $0.12 | $0.10 | $0.17 | — | — |
| Capex per share | $4.59 | $3.82 | $5.15 | $3.85 | $2.98 | $2.37 | $2.60 | $3.03 | — | — |
| Debt per share | $10.03 | $10.55 | $9.81 | $8.09 | $11.33 | $11.71 | $13.38 | $11.82 | — | — |
| Shares outstanding | 294.1M | 287.0M | 276.8M | 277.5M | 231.6M | 215.2M | 187.4M | 105.5M | — | — |
| Change in shares outstanding | +2.5% | +3.7% | −0.2% | +19.8% | +7.6% | +14.8% | +77.7% | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.2% | −9.5% | 9.1% | 65.8% | −18.4% | −4.1% | 11.3% | −111.2% | — | — |
| Return on invested capital (ROIC) | 5.8% | −2.6% | 4.1% | 45.0% | 18.5% | 3.4% | 7.9% | −0.0% | −0.0% | −17.5% |
| Return on assets (ROA) | 6.3% | −3.5% | 3.5% | 22.0% | −5.1% | −1.1% | 2.8% | −7.1% | −12.2% | −13.0% |
| Return on tangible assets | 6.3% | −3.6% | 3.6% | 21.3% | −5.6% | −1.2% | 2.2% | −6.1% | −12.0% | −15.2% |
| Free cash flow margin | −23.3% | −38.1% | −26.1% | 17.4% | 9.2% | 7.7% | −4.6% | −51.6% | −2.3% | −46.2% |
| Income quality (OCF / net income) | 2.14 | — | 4.80 | 1.49 | — | — | 4.66 | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.95B | $3.03B | $2.71B | $2.25B | $2.62B | $2.52B | $2.51B | $1.25B | $1.11B | $1.05B |
| Cash & short-term investments | $23.9M | $6.8M | $16.7M | $54.7M | $30.7M | $30.3M | $18.5M | $23.2M | $61.3M | $65.9M |
| Net debt | $2.93B | $3.02B | $2.70B | $2.19B | $2.59B | $2.49B | $2.49B | $1.22B | $1.05B | $984.6M |
| Debt / equity | 1.12 | 1.35 | 1.15 | 0.99 | 2.21 | 1.75 | 2.19 | 2.19 | — | — |
| Debt / assets | 0.42 | 0.47 | 0.43 | 0.39 | 0.56 | 0.53 | 0.54 | 0.57 | 1.19 | 1.18 |
| Net debt / EBITDA | 2.13 | 4.73 | 2.63 | 1.06 | 5.67 | 4.22 | 4.51 | 4.74 | 7.46 | 6.92 |
| Current ratio | 0.49 | 0.46 | 0.68 | 0.85 | 0.50 | 0.45 | 0.77 | 0.77 | 1.80 | 0.98 |
| Quick ratio | 0.49 | 0.46 | 0.68 | 0.81 | 0.49 | 0.45 | 0.76 | 0.70 | 1.79 | 0.97 |
| Interest coverage | 1.7 | -0.8 | 1.3 | 13.3 | 4.1 | 0.7 | 1.7 | -0.0 | -0.0 | -1.4 |
| Working capital | −$368.6M | −$328.8M | −$220.0M | −$111.2M | −$315.2M | −$241.8M | −$88.8M | −$47.4M | $134.0M | −$1.5M |
| Invested capital | $5.57B | $5.26B | $5.06B | $4.47B | $3.78B | $3.93B | $3.63B | $1.79B | $680.0M | $713.4M |
| Tangible asset value | $2.63B | $2.00B | $2.05B | $1.94B | $851.9M | $1.11B | $807.1M | $219.4M | $0 | −$271.3M |
| Net current asset value | −$3.68B | −$3.76B | −$3.41B | −$2.77B | −$3.16B | −$3.10B | −$3.21B | −$1.46B | −$627.9M | −$1.07B |
| Graham number | $17.01 | — | $12.11 | $27.56 | — | — | $8.42 | — | — | — |
| Graham net-net per share | −$13.05 | −$13.53 | −$13.26 | −$10.63 | −$13.99 | −$14.68 | −$17.89 | −$14.28 | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $0 | $139.0M | $50.7M | $17.5M | $25.6M | $17.8M | $17.8M | $17.8M | $0 |
| Share buybacks (net) | $0 | $0 | $1.9M | $6.3M | $1.4M | $210.0M | $0 | $5.1M | $312,000 | $313,000 |
| Dividend payout ratio | 0.0% | — | 65.6% | 4.4% | — | — | 18.4% | — | — | — |
| Dividends + buybacks / free cash flow | — | — | — | 9.0% | 11.1% | 356.9% | — | — | — | — |
| Capex / revenue | 70.0% | 87.5% | 91.1% | 29.4% | 37.2% | 59.4% | 63.3% | 125.3% | 70.7% | 32.7% |
| Capex / operating cash flow | 150.0% | 176.9% | 140.1% | 62.9% | 80.2% | 88.5% | 107.9% | 170.1% | 103.4% | — |
| Capex / depreciation | 2.10 | 1.38 | 2.34 | 2.18 | 0.61 | 1.40 | 1.96 | 2.62 | 1.46 | 0.41 |
| Stock-based compensation / revenue | 1.1% | 1.2% | 0.6% | 0.2% | 0.4% | 0.8% | 0.5% | 1.9% | 2.3% | 2.7% |
| SG&A / revenue | 2.5% | 3.1% | 2.4% | 1.1% | 1.9% | 3.7% | 3.8% | 10.2% | 10.2% | 13.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 43.0 | 66.6 | 89.8 | 40.2 | 41.6 | 71.2 | 70.6 | 106.1 | 44.6 | 42.8 |
| Days of inventory on hand | — | — | — | 5.6 | 2.0 | 2.1 | 7.8 | 36.1 | 2.2 | 2.1 |
| Days payables outstanding | 113.4 | 124.7 | 148.0 | 118.7 | 139.1 | 141.0 | 154.0 | 582.9 | 169.6 | 89.2 |
| Cash conversion cycle (days) | -70.4 | -58.1 | -58.2 | -72.8 | -95.6 | -67.7 | -75.5 | -440.7 | -122.9 | -44.3 |
| Receivables turnover | 8.49 | 5.48 | 4.07 | 9.07 | 8.78 | 5.13 | 5.17 | 3.44 | 8.18 | 8.52 |
| Payables turnover | 3.22 | 2.93 | 2.47 | 3.08 | 2.62 | 2.59 | 2.37 | 0.63 | 2.15 | 4.09 |
| Inventory turnover | — | — | — | 65.23 | 186.02 | 174.89 | 46.65 | 10.11 | 169.03 | 176.35 |
| Asset turnover | 0.29 | 0.20 | 0.26 | 0.70 | 0.39 | 0.18 | 0.22 | 0.16 | 0.28 | 0.17 |
| Average receivables | $227.2M | $228.7M | $384.9M | $400.0M | $210.7M | $167.4M | $148.8M | $74.2M | $31.2M | $20.6M |
| Average payables | $461.8M | $472.5M | $526.7M | $422.4M | $286.9M | $256.1M | $195.9M | $132.4M | $85.7M | $51.3M |
| Average inventory | — | — | — | $19.9M | $4.0M | $3.8M | $10.0M | $8.2M | $1.1M | $1.2M |
| Intangibles / total assets | 4.8% | 5.3% | 5.4% | 5.9% | 7.2% | 7.1% | 7.2% | 16.0% | 0.0% | 0.0% |
Computed from CRK's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CRK valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Comstock Resources traded at 16.2 times earnings, against a 10-year median of 13.7. Based on the latest twelve months, the trailing P/E is 7.7 and the forward P/E is 46.3. Comstock Resources earned a return on equity of 17.2% and a return on invested capital of 5.8% in fiscal 2025. It ended the year with $3.0 billion of debt and $23.9 million in cash and short-term investments, net debt of $2.9 billion.
See the CRK income statement, the CRK chart for price history, or the CRK stock overview for the latest quote and news.
CRK key metrics FAQ
What is Comstock Resources's P/E ratio?
Comstock Resources's trailing P/E ratio is 7.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 46.3. At the end of fiscal 2025 it was 16.2, compared with a 10-year median of 13.7.
What is Comstock Resources's EV/EBITDA?
Comstock Resources's enterprise value was 7.1 times EBITDA at the end of fiscal 2025 (enterprise value $9.7 billion, EBITDA $1.4 billion); the current EV/EBITDA is 4.8.
What is Comstock Resources's return on equity?
Comstock Resources's return on equity (ROE) was 17.2% in fiscal 2025: net income of $420.2 million on average shareholders' equity of $2.4 billion.
What is Comstock Resources's ROIC?
Comstock Resources's return on invested capital was 5.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Comstock Resources have?
Comstock Resources had total debt of $3.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.12 and $2.9 billion of net debt (2.13 times EBITDA).
Does Comstock Resources pay a dividend?
Comstock Resources did not pay a dividend in fiscal 2025.
What is Comstock Resources's free cash flow yield?
Comstock Resources generated -$449.7 million of free cash flow in fiscal 2025, a free cash flow yield of −6.6% on its market value at year-end ($6.8 billion).
What is Comstock Resources's current ratio?
Comstock Resources's current ratio was 0.49 at the end of fiscal 2025: current assets were 0.49 times current liabilities.