CRK vs. BSM

Last updated Jun 3, 2026

CRK (Comstock Resources, Inc.) and BSM (Black Stone Minerals, L.P.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, CRK returned 14.54%/yr vs 7.90%/yr for BSM. At a 0.39 correlation, their price movements are largely independent.

Performance

CRK vs. BSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Comstock Resources, Inc. (CRK) and Black Stone Minerals, L.P. (BSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRK achieves a -41.98% return, which is significantly lower than BSM's 6.78% return. Over the past 10 years, CRK has outperformed BSM with an annualized return of 14.54%, while BSM has yielded a comparatively lower 7.90% annualized return.

CRK

• 1D: 0.22%
• 1M: -22.52%
• YTD: -41.98%
• 6M: -46.96%
• 1Y: -43.34%
• 3Y*: 12.33%
• 5Y*: 17.82%
• 10Y*: 14.54%

BSM

• 1D: -0.44%
• 1M: -2.30%
• YTD: 6.78%
• 6M: 1.15%
• 1Y: 9.89%
• 3Y*: 4.62%
• 5Y*: 17.35%
• 10Y*: 7.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRK vs. BSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRK Comstock Resources, Inc.	-41.98%	27.22%	105.88%	-32.37%	70.63%	85.13%	-46.90%	81.68%	-46.45%	-14.11%
BSM Black Stone Minerals, L.P.	6.78%	0.56%	1.47%	5.85%	80.82%	67.42%	-42.97%	-9.53%	-7.04%	2.49%

Correlation

The correlation between CRK and BSM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 4, 2015	0.39

The correlation between CRK and BSM shifts across timeframes, from 0.29 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CRK : $3.92B BSM : $2.89B
EPS CRK : $2.23 BSM : $1.38
PE Ratio CRK : 6.04 BSM : 9.87
PEG Ratio CRK : 0.03 BSM : 0.28
PS Ratio CRK : 1.97 BSM : 6.27
PB Ratio CRK : 1.42 BSM : 3.74
Total Revenue (TTM) CRK : $2.01B BSM : $468.25M
Gross Profit (TTM) CRK : $1.01B BSM : $365.30M
EBITDA (TTM) CRK : $1.62B BSM : $475.89M

Return for Risk

CRK vs. BSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRK

CRK Risk / Return Rank: 12
CRK Sharpe Ratio Rank: 10
CRK Sortino Ratio Rank: 12
CRK Omega Ratio Rank: 13
CRK Calmar Ratio Rank: 13
CRK Martin Ratio Rank: 14

BSM

BSM Risk / Return Rank: 53
BSM Sharpe Ratio Rank: 57
BSM Sortino Ratio Rank: 47
BSM Omega Ratio Rank: 46
BSM Calmar Ratio Rank: 58
BSM Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRK vs. BSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Comstock Resources, Inc. (CRK) and Black Stone Minerals, L.P. (BSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CRK	BSM	Difference
Sharpe ratio Return per unit of total volatility	-0.75	0.48	-1.23
Sortino ratio Return per unit of downside risk	-0.89	0.77	-1.66
Omega ratio Gain probability vs. loss probability	0.89	1.09	-0.20
Calmar ratio Return relative to maximum drawdown	-0.74	0.82	-1.56
Martin ratio Return relative to average drawdown	-1.18	1.71	-2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRK vs. BSM - Sharpe Ratio Comparison

The current CRK Sharpe Ratio is -0.75, which is lower than the BSM Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CRK and BSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRK	BSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	0.48	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.66	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.25	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.19	-0.22

Drawdowns

CRK vs. BSM - Drawdown Comparison

The maximum CRK drawdown since its inception was -99.32%, which is greater than BSM's maximum drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for CRK and BSM.

Drawdown Indicators

	CRK	BSM	Difference
Max Drawdown Largest peak-to-trough decline	-99.32%	-75.58%	-23.74%
Max Drawdown (1Y) Largest decline over 1 year	-57.12%	-13.79%	-43.33%
Max Drawdown (3Y) Largest decline over 3 years	-57.12%	-21.48%	-35.64%
Max Drawdown (5Y) Largest decline over 5 years	-64.25%	-25.52%	-38.73%
Max Drawdown (10Y) Largest decline over 10 years	-68.63%	-75.58%	+6.95%
Current Drawdown Current decline from peak	-96.54%	-9.90%	-86.64%
Average Drawdown Average peak-to-trough decline	-62.61%	-16.41%	-46.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.84%	6.66%	+29.18%

Volatility

CRK vs. BSM - Volatility Comparison

Comstock Resources, Inc. (CRK) has a higher volatility of 19.59% compared to Black Stone Minerals, L.P. (BSM) at 7.06%. This indicates that CRK's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRK	BSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.59%	7.06%	+12.53%
Volatility (6M) Calculated over the trailing 6-month period	42.55%	15.62%	+26.93%
Volatility (1Y) Calculated over the trailing 1-year period	58.25%	20.61%	+37.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.19%	26.41%	+31.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.67%	31.52%	+37.15%

Dividends

CRK vs. BSM - Dividend Comparison

CRK has not paid dividends to shareholders, while BSM's dividend yield for the trailing twelve months is around 8.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSM Black Stone Minerals, L.P.	8.82%	10.16%	10.96%	11.90%	9.13%	8.23%	10.18%	11.64%	8.61%	6.69%	5.86%	2.94%
CRK Comstock Resources, Inc.	0.00%	0.00%	0.00%	5.65%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

CRK vs. BSM - Profitability Comparison

The chart below illustrates the profitability comparison between Comstock Resources, Inc. and Black Stone Minerals, L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Comstock Resources, Inc. reported a gross profit of 548.65M and revenue of 587.35M. Therefore, the gross margin over that period was 93.4%.

BSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported a gross profit of 162.57M and revenue of 188.46M. Therefore, the gross margin over that period was 86.3%.

CRK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Comstock Resources, Inc. reported an operating income of 174.89M and revenue of 587.35M, resulting in an operating margin of 29.8%.

BSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported an operating income of 145.74M and revenue of 188.46M, resulting in an operating margin of 77.3%.

CRK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Comstock Resources, Inc. reported a net income of 136.48M and revenue of 587.35M, resulting in a net margin of 23.2%.

BSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Stone Minerals, L.P. reported a net income of 13.27M and revenue of 188.46M, resulting in a net margin of 7.0%.

Frequently Asked Questions

Can I hold both CRK and BSM in my portfolio?

CRK and BSM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRK or BSM?

CRK has higher volatility (19.59%) compared to BSM (7.06%). In terms of maximum drawdown, CRK dropped -99.32% vs BSM's -75.58%.

Which has better risk-adjusted returns?

BSM currently has the higher Sharpe Ratio (0.48 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.