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Side-by-side financial comparison of COMSTOCK RESOURCES INC (CRK) and Lumentum Holdings Inc. (LITE). Click either name above to swap in a different company.

COMSTOCK RESOURCES INC is the larger business by last-quarter revenue ($787.3M vs $665.5M, roughly 1.2× Lumentum Holdings Inc.). COMSTOCK RESOURCES INC runs the higher net margin — 35.7% vs 11.8%, a 23.9% gap on every dollar of revenue. On growth, COMSTOCK RESOURCES INC posted the faster year-over-year revenue change (114.3% vs 65.5%). Lumentum Holdings Inc. produced more free cash flow last quarter ($43.1M vs $-141.2M). Over the past eight quarters, COMSTOCK RESOURCES INC's revenue compounded faster (53.1% CAGR vs 34.8%).

Comstock Resources Inc. is an independent energy company engaged in the exploration, development, production and sale of natural gas, crude oil and natural gas liquids. Its operations are focused on Haynesville and Bossier shale assets in Texas and Louisiana, serving North American energy markets.

JDS Uniphase Corporation (JDSU) was an American company that designed and manufactured products for optical communications networks, communications test and measurement equipment, lasers, optical solutions for authentication and decorative applications, and other custom optics. It was headquartered in Milpitas, California. In August 2015, JDSU split into two different companies – Viavi Solutions and Lumentum Holdings.

CRK vs LITE — Head-to-Head

Bigger by revenue
CRK
CRK
1.2× larger
CRK
$787.3M
$665.5M
LITE
Growing faster (revenue YoY)
CRK
CRK
+48.8% gap
CRK
114.3%
65.5%
LITE
Higher net margin
CRK
CRK
23.9% more per $
CRK
35.7%
11.8%
LITE
More free cash flow
LITE
LITE
$184.3M more FCF
LITE
$43.1M
$-141.2M
CRK
Faster 2-yr revenue CAGR
CRK
CRK
Annualised
CRK
53.1%
34.8%
LITE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CRK
CRK
LITE
LITE
Revenue
$787.3M
$665.5M
Net Profit
$280.9M
$78.2M
Gross Margin
36.1%
Operating Margin
48.3%
9.7%
Net Margin
35.7%
11.8%
Revenue YoY
114.3%
65.5%
Net Profit YoY
583.3%
228.4%
EPS (diluted)
$0.99
$0.89

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CRK
CRK
LITE
LITE
Q4 25
$787.3M
$665.5M
Q3 25
$449.9M
$533.8M
Q2 25
$470.3M
$480.7M
Q1 25
$512.9M
$425.2M
Q4 24
$367.4M
$402.2M
Q3 24
$304.5M
$336.9M
Q2 24
$246.8M
$308.3M
Q1 24
$335.8M
$366.5M
Net Profit
CRK
CRK
LITE
LITE
Q4 25
$280.9M
$78.2M
Q3 25
$111.1M
$4.2M
Q2 25
$124.8M
$213.3M
Q1 25
$-121.3M
$-44.1M
Q4 24
$-58.1M
$-60.9M
Q3 24
$-28.9M
$-82.4M
Q2 24
$-126.3M
$-252.5M
Q1 24
$-16.3M
$-127.0M
Gross Margin
CRK
CRK
LITE
LITE
Q4 25
36.1%
Q3 25
34.0%
Q2 25
33.3%
Q1 25
28.8%
Q4 24
24.8%
Q3 24
23.1%
Q2 24
16.6%
Q1 24
16.2%
Operating Margin
CRK
CRK
LITE
LITE
Q4 25
48.3%
9.7%
Q3 25
11.2%
1.3%
Q2 25
19.0%
-1.7%
Q1 25
24.6%
-8.9%
Q4 24
-0.5%
-12.8%
Q3 24
-20.1%
-24.5%
Q2 24
-37.5%
-43.3%
Q1 24
-3.8%
-31.3%
Net Margin
CRK
CRK
LITE
LITE
Q4 25
35.7%
11.8%
Q3 25
24.7%
0.8%
Q2 25
26.5%
44.4%
Q1 25
-23.6%
-10.4%
Q4 24
-15.8%
-15.1%
Q3 24
-9.5%
-24.5%
Q2 24
-51.2%
-81.9%
Q1 24
-4.9%
-34.7%
EPS (diluted)
CRK
CRK
LITE
LITE
Q4 25
$0.99
$0.89
Q3 25
$0.40
$0.05
Q2 25
$0.44
$3.10
Q1 25
$-0.40
$-0.64
Q4 24
$-0.19
$-0.88
Q3 24
$-0.09
$-1.21
Q2 24
$-0.43
$-3.75
Q1 24
$-0.05
$-1.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRK
CRK
LITE
LITE
Cash + ST InvestmentsLiquidity on hand
$23.9M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$846.6M
Total Assets
$7.0B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRK
CRK
LITE
LITE
Q4 25
$23.9M
$1.2B
Q3 25
$19.2M
$1.1B
Q2 25
$25.9M
$877.1M
Q1 25
$32.9M
$866.7M
Q4 24
$6.8M
$896.7M
Q3 24
$13.8M
$916.1M
Q2 24
$19.3M
$887.0M
Q1 24
$6.4M
$870.9M
Stockholders' Equity
CRK
CRK
LITE
LITE
Q4 25
$2.6B
$846.6M
Q3 25
$2.4B
$780.8M
Q2 25
$2.2B
$1.1B
Q1 25
$2.1B
$879.5M
Q4 24
$2.2B
$872.3M
Q3 24
$2.3B
$895.9M
Q2 24
$2.3B
$957.3M
Q1 24
$2.4B
$1.2B
Total Assets
CRK
CRK
LITE
LITE
Q4 25
$7.0B
$4.8B
Q3 25
$6.8B
$4.6B
Q2 25
$6.7B
$4.2B
Q1 25
$6.6B
$4.0B
Q4 24
$6.4B
$4.0B
Q3 24
$6.3B
$4.0B
Q2 24
$6.3B
$3.9B
Q1 24
$6.3B
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRK
CRK
LITE
LITE
Operating Cash FlowLast quarter
$224.2M
$126.7M
Free Cash FlowOCF − Capex
$-141.2M
$43.1M
FCF MarginFCF / Revenue
-17.9%
6.5%
Capex IntensityCapex / Revenue
46.4%
12.6%
Cash ConversionOCF / Net Profit
0.80×
1.62×
TTM Free Cash FlowTrailing 4 quarters
$-449.7M
$-29.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRK
CRK
LITE
LITE
Q4 25
$224.2M
$126.7M
Q3 25
$153.1M
$57.9M
Q2 25
$347.6M
$64.0M
Q1 25
$174.7M
$-1.6M
Q4 24
$267.1M
$24.3M
Q3 24
$98.2M
$39.6M
Q2 24
$83.6M
$35.5M
Q1 24
$171.5M
$-7.0M
Free Cash Flow
CRK
CRK
LITE
LITE
Q4 25
$-141.2M
$43.1M
Q3 25
$-188.4M
$-18.3M
Q2 25
$3.2M
$10.1M
Q1 25
$-123.2M
$-64.4M
Q4 24
$-12.9M
$-15.9M
Q3 24
$-131.1M
$-34.5M
Q2 24
$-153.2M
$10.9M
Q1 24
$-179.9M
$-26.6M
FCF Margin
CRK
CRK
LITE
LITE
Q4 25
-17.9%
6.5%
Q3 25
-41.9%
-3.4%
Q2 25
0.7%
2.1%
Q1 25
-24.0%
-15.1%
Q4 24
-3.5%
-4.0%
Q3 24
-43.1%
-10.2%
Q2 24
-62.1%
3.5%
Q1 24
-53.6%
-7.3%
Capex Intensity
CRK
CRK
LITE
LITE
Q4 25
46.4%
12.6%
Q3 25
75.9%
14.3%
Q2 25
73.2%
11.2%
Q1 25
58.1%
14.8%
Q4 24
76.2%
10.0%
Q3 24
75.3%
22.0%
Q2 24
95.9%
8.0%
Q1 24
104.7%
5.3%
Cash Conversion
CRK
CRK
LITE
LITE
Q4 25
0.80×
1.62×
Q3 25
1.38×
13.79×
Q2 25
2.78×
0.30×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRK
CRK

Other$420.7M53%
Natural Gas And Oil Sales$366.6M47%

LITE
LITE

Components$443.7M67%
Systems$221.8M33%

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