COMSTOCK RESOURCES INC · Oil and gas

CRK

Low riskNext report: In 6 days (est.)

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The short version

A profitable company with shrinking sales. Institutions are adding.

Going well

Profitable, keeps 18% of sales as profit
Sales up 77% last year

Watch out for

Sales down 25% in the latest quarter vs a year ago

Money moves

No insider buying or selling in the last 30 days
Institutions added 7.7% to their holdings in the quarter ending June 2026 (174 bought, 129 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$14.34+1.3% that day

Company value: $4.2B; Share price times all shares
Price vs profit (P/E): 8.0x; You pay about $8 for each $1 of yearly profit
Price vs sales: 1.9x; Company value is 1.9 times a year of sales
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 67%; Debt as a share of company value

From CRK's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$353.3M-25% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $2.2B, up 32% from the 12 months before. Over 5 years, sales grew about 21% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CRK. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +32% a yearProfit margin23%Last 12 months: 23.3%P/E at the end8xToday: 8.0x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$8.1B

Profit in 5 years$1.9B

Price these guesses point to$45.90+220% vs $14.34 todayAbout +26% a year, before dividends

What today's price needs: with a 23% margin and a 8x P/E, sales would have to grow about 3.0% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.16.2%
MissDebt under half of equityNot relying on borrowed money.1.06x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.17.8%
MissProfitable every yearSteady profits, not one good year.4 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$449.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.0% in 3 years

Revenue: $2.2B; +77.0% vs prior year
5-year growth: +20.9%/yr; revenue, per year
Total debt: $2.8B; 1.06x equity
Current ratio: 0.49x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 29

Revenue: $353.3M; -24.9% YoY
EPS: $0.03; vs $0.44
Op. margin: 6.4%; -12.6 pts
Free cash flow: -$261.7M
Share count: -0.9%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.2
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+7.7%

Institutions added 7.7% to their holdings. 174 bought, 129 sold.

Shares held by institutions73.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+1.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.2x · $3.1B debt

Shares outstandingLatest reported

294M

Earnings reports

Last 12

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedJul 29
Results filedMay 5
Results filedFeb 11
Results filedNov 3, 2025
Results filedJul 30, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Investor disclosureSep 1 · Form 8-K ↗Quarterly reportJul 30 · Form 10-Q ↗Earnings resultsJul 29 · Form 8-K ↗Other company newsJun 16 · Form 8-K ↗

Shares withheld for taxesM Jay AllisonChairman & CEO, Director

35,879 shares at $13.00 · $466K

-1% of holdings
Now owns 2,798,719 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Shares withheld for taxesRoland O BurnsPresident & CFO, Director

24,405 shares at $13.00 · $317K

-2% of holdings
Now owns 1,395,174 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Shares withheld for taxesBrian Christopher ClaunchVP of Financial Reporting

1,251 shares at $13.00 · $16K

-1% of holdings
Now owns 98,330 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Shares withheld for taxesDaniel S HarrisonChief Operating Officer

6,693 shares at $13.00 · $87K

-1% of holdings
Now owns 812,215 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Shares withheld for taxesPatrick McgoughVice President of Operations

1,127 shares at $13.00 · $15K

-1% of holdings
Now owns 186,389 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Shares withheld for taxesRonald Eugene MillsVP of Finance. and IR

1,189 shares at $13.00 · $15K

-1% of holdings
Now owns 141,509 shares
Filed 2 days after trade

Jun 6Form 4 ↗

Insider tradeJun 8 · Form 4 ↗Insider tradeJun 8 · Form 4 ↗Insider tradeJun 8 · Form 4 ↗Shareholder vote resultsJun 3 · Form 8-K ↗Insider tradeJun 3 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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