Comstock Resources's gross profit for the
three
months ended in Dec. 2024 was $8 Mil. Comstock Resources's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $-130 Mil.
Comstock Resources had a gross margin of 2.25% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Comstock Resources was 64.19%. The lowest was -62.59%. And the median was 22.73%.
Comstock Resources Gross Profit Historical Data
The historical data trend for Comstock Resources's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Comstock Resources's Gross Profit
For the Oil & Gas E&P subindustry, Comstock Resources's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Comstock Resources's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comstock Resources's Gross Profit distribution charts can be found below:
* The bar in red indicates where Comstock Resources's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-130 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Comstock Resources had a gross margin of 2.25% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
Comstock Resources Gross Profit Related Terms
Thank you for viewing the detailed overview of Comstock Resources's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.
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