CHCI Comstock Holding Companies, Inc.

Overview and Growth

In fiscal 2025, Comstock Holding Companies, Inc. recorded $62.86M of revenue, net income of $17.05M, and an operating cash inflow of $4.80M. At $62.86M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 22.6% from $51.29M in fiscal 2024, increasing the company’s operating scale. A diluted share base of 10.47M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The company employed $84.96M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.74x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $14.78M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 23.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $11.93M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 19.0%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $17.05M, after the operating, financing, tax, and other items recognized for the period. Net margin was 27.1%, meaning that this portion of revenue remained as net income after all recognized expenses. EBITDA was $12.24M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. The earnings statement records $12.88M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 20.5%, relating income before taxes directly to revenue. The reported tax benefit was $4.17M, favorably bridging the pretax and after-tax results. Relative to positive pretax income, the tax benefit measured 32.4%. The relationship between net income and period-end equity was 24.4%, indicating the profitability achieved on book capital. Return on period-end assets was 20.1%, connecting net income with the company’s total asset base. The company moved from fiscal 2024 net income of $14.56M to $17.05M, with the current outcome ending above that comparison.

Liquidity and Capital Structure

The company held $84.96M of assets against $15.00M of liabilities and $69.97M of equity, revealing how the asset base was financed. At period end, current assets of $53.27M compared with current liabilities of $9.68M, defining the company’s short-term resource position. The current ratio was 5.5x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $31.28M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 323.2%, excluding receivables and other current assets. The equity-to-assets relationship was 82.3%, placing book capital against the total resource base. Relative to total assets, liabilities measured 17.7%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 36.8%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 31.0% higher than fiscal 2024 assets of $64.87M, measuring the company’s own balance-sheet change. Reported equity changed 33.6% from $52.37M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 8.8% from $28.76M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $4.80M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 0.28x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.