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COMSTOCK RESOURCES INC（CRK）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是COMSTOCK RESOURCES INC的1.5倍（$1.2B vs $787.3M），COMSTOCK RESOURCES INC净利率更高（35.7% vs 29.0%，领先6.6%），COMSTOCK RESOURCES INC同比增速更快（114.3% vs -9.8%），过去两年COMSTOCK RESOURCES INC的营收复合增速更高（53.1% vs -3.0%）
Comstock Resources Inc.是一家独立能源企业，主要从事天然气、原油及天然气凝液的勘探、开发、生产与销售业务，核心运营资产位于美国得州和路易斯安那州的页岩产区，服务北美能源市场。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
CRK vs PR — 直观对比
营收规模更大
PR
是对方的1.5倍
$787.3M
营收增速更快
CRK
高出124.1%
-9.8%
净利率更高
CRK
高出6.6%
29.0%
两年增速更快
CRK
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $787.3M | $1.2B |
| 净利润 | $280.9M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 48.3% | 23.1% |
| 净利率 | 35.7% | 29.0% |
| 营收同比 | 114.3% | -9.8% |
| 净利润同比 | 583.3% | 56.7% |
| 每股收益（稀释后） | $0.99 | $0.48 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CRKPR
| Q4 25 | $787.3M | $1.2B | ||
| Q3 25 | $449.9M | $1.3B | ||
| Q2 25 | $470.3M | $1.2B | ||
| Q1 25 | $512.9M | $1.4B | ||
| Q4 24 | $367.4M | $1.3B | ||
| Q3 24 | $304.5M | $1.2B | ||
| Q2 24 | $246.8M | $1.2B | ||
| Q1 24 | $335.8M | $1.2B |
净利润CRKPR
| Q4 25 | $280.9M | $339.5M | ||
| Q3 25 | $111.1M | $59.2M | ||
| Q2 25 | $124.8M | $207.1M | ||
| Q1 25 | $-121.3M | $329.3M | ||
| Q4 24 | $-58.1M | $216.7M | ||
| Q3 24 | $-28.9M | $386.4M | ||
| Q2 24 | $-126.3M | $235.1M | ||
| Q1 24 | $-16.3M | $146.6M |
营业利润率CRKPR
| Q4 25 | 48.3% | 23.1% | ||
| Q3 25 | 11.2% | 29.6% | ||
| Q2 25 | 19.0% | 24.8% | ||
| Q1 25 | 24.6% | 36.6% | ||
| Q4 24 | -0.5% | 32.8% | ||
| Q3 24 | -20.1% | 32.5% | ||
| Q2 24 | -37.5% | 36.5% | ||
| Q1 24 | -3.8% | 37.7% |
净利率CRKPR
| Q4 25 | 35.7% | 29.0% | ||
| Q3 25 | 24.7% | 4.5% | ||
| Q2 25 | 26.5% | 17.3% | ||
| Q1 25 | -23.6% | 23.9% | ||
| Q4 24 | -15.8% | 16.7% | ||
| Q3 24 | -9.5% | 31.8% | ||
| Q2 24 | -51.2% | 18.9% | ||
| Q1 24 | -4.9% | 11.8% |
每股收益（稀释后）CRKPR
| Q4 25 | $0.99 | $0.48 | ||
| Q3 25 | $0.40 | $0.08 | ||
| Q2 25 | $0.44 | $0.28 | ||
| Q1 25 | $-0.40 | $0.44 | ||
| Q4 24 | $-0.19 | $0.31 | ||
| Q3 24 | $-0.09 | $0.53 | ||
| Q2 24 | $-0.43 | $0.36 | ||
| Q1 24 | $-0.05 | $0.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $23.9M | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.6B | $10.3B |
| 总资产 | $7.0B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资CRKPR
| Q4 25 | $23.9M | $153.7M | ||
| Q3 25 | $19.2M | $111.8M | ||
| Q2 25 | $25.9M | $451.0M | ||
| Q1 25 | $32.9M | $702.2M | ||
| Q4 24 | $6.8M | $479.3M | ||
| Q3 24 | $13.8M | $272.0M | ||
| Q2 24 | $19.3M | $47.8M | ||
| Q1 24 | $6.4M | $12.7M |
总债务CRKPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益CRKPR
| Q4 25 | $2.6B | $10.3B | ||
| Q3 25 | $2.4B | $10.0B | ||
| Q2 25 | $2.2B | $9.5B | ||
| Q1 25 | $2.1B | $9.4B | ||
| Q4 24 | $2.2B | $9.1B | ||
| Q3 24 | $2.3B | $9.0B | ||
| Q2 24 | $2.3B | $8.3B | ||
| Q1 24 | $2.4B | $7.0B |
总资产CRKPR
| Q4 25 | $7.0B | $17.9B | ||
| Q3 25 | $6.8B | $17.3B | ||
| Q2 25 | $6.7B | $17.5B | ||
| Q1 25 | $6.6B | $17.1B | ||
| Q4 24 | $6.4B | $16.9B | ||
| Q3 24 | $6.3B | $16.6B | ||
| Q2 24 | $6.3B | $15.4B | ||
| Q1 24 | $6.3B | $15.1B |
负债/权益比CRKPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $224.2M | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $-141.2M | — |
| 自由现金流率自由现金流/营收 | -17.9% | — |
| 资本支出强度资本支出/营收 | 46.4% | — |
| 现金转化率经营现金流/净利润 | 0.80× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $-449.7M | — |
8季度趋势，按日历期对齐
经营现金流CRKPR
| Q4 25 | $224.2M | $904.3M | ||
| Q3 25 | $153.1M | $766.5M | ||
| Q2 25 | $347.6M | $1.0B | ||
| Q1 25 | $174.7M | $898.0M | ||
| Q4 24 | $267.1M | $871.6M | ||
| Q3 24 | $98.2M | $954.4M | ||
| Q2 24 | $83.6M | $938.4M | ||
| Q1 24 | $171.5M | $647.6M |
自由现金流CRKPR
| Q4 25 | $-141.2M | — | ||
| Q3 25 | $-188.4M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $-123.2M | — | ||
| Q4 24 | $-12.9M | — | ||
| Q3 24 | $-131.1M | — | ||
| Q2 24 | $-153.2M | — | ||
| Q1 24 | $-179.9M | — |
自由现金流率CRKPR
| Q4 25 | -17.9% | — | ||
| Q3 25 | -41.9% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -24.0% | — | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -43.1% | — | ||
| Q2 24 | -62.1% | — | ||
| Q1 24 | -53.6% | — |
资本支出强度CRKPR
| Q4 25 | 46.4% | — | ||
| Q3 25 | 75.9% | — | ||
| Q2 25 | 73.2% | — | ||
| Q1 25 | 58.1% | — | ||
| Q4 24 | 76.2% | — | ||
| Q3 24 | 75.3% | — | ||
| Q2 24 | 95.9% | — | ||
| Q1 24 | 104.7% | — |
现金转化率CRKPR
| Q4 25 | 0.80× | 2.66× | ||
| Q3 25 | 1.38× | 12.94× | ||
| Q2 25 | 2.78× | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | — | 3.99× | ||
| Q1 24 | — | 4.42× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CRK
| Other | $420.7M | 53% |
| Natural Gas And Oil Sales | $366.6M | 47% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
