Energy • Oil & Gas Production
$13.84 ▼ -0.22
(-1.56%)
MKT CAP: $4.13B • VOL: 2.24M
52W L $12 52W H $28
CRK // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NYSE
CRK // Comstock Resources Inc.
GROSS MARGIN
—
OP MARGIN
29.1%
ROIC %
9.4%
MKT CAP
$4.13B
UPSTREAM INPUTS ──► CRK OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| CRK ★ | Comstock Resources Inc. | $13.84 | $4.13B | — | 29.1% | 9.4% | 3.9x | +77.0% | SUBJECT ISSUER |
| XOM | Exxon Mobil Corporation | $179.67 | $738.79B | — | 11.0% | 9.9% | 13.5x | -4.4% | CRK VS XOM <GO> |
| CVX | Chevron Corporation | $227.77 | $450.02B | 41.3% | 8.1% | 5.8% | 21.5x | -4.6% | CRK VS CVX <GO> |
| SHEL | Shell PLC American | $104.94 | $290.27B | — | 13.9% | 9.9% | 21.0x | +3.3% | CRK VS SHEL <GO> |
| BHP | BHP Group Limited American | $80.07 | $203.55B | — | 13.9% | 9.9% | 21.0x | -3.3% | CRK VS BHP <GO> |
| TTE | TotalEnergies SE | $92.78 | $202.43B | — | 13.9% | 9.9% | 21.0x | +2.2% | CRK VS TTE <GO> |