vs

Side-by-side financial comparison of Bandwidth Inc. (BAND) and HighPeak Energy, Inc. (HPK). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $208.8M, roughly 1.0× Bandwidth Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -11.6%, a 13.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -23.3%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -13.2%).

Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

BAND vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.0× larger
HPK
$216.6M
$208.8M
BAND
Growing faster (revenue YoY)
BAND
BAND
+43.4% gap
BAND
20.1%
-23.3%
HPK
Higher net margin
BAND
BAND
13.6% more per $
BAND
1.9%
-11.6%
HPK
Faster 2-yr revenue CAGR
BAND
BAND
Annualised
BAND
9.7%
-13.2%
HPK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
HPK
HPK
Revenue
$208.8M
$216.6M
Net Profit
$4.0M
$-25.2M
Gross Margin
37.3%
Operating Margin
60.5%
-7.6%
Net Margin
1.9%
-11.6%
Revenue YoY
20.1%
-23.3%
Net Profit YoY
200.0%
-380.7%
EPS (diluted)
$-0.08
$-0.16

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
BAND
BAND
HPK
HPK
Q1 26
$208.8M
Q4 25
$207.7M
$216.6M
Q3 25
$191.9M
$188.9M
Q2 25
$180.0M
$200.4M
Q1 25
$174.2M
$257.4M
Q4 24
$210.0M
$282.6M
Q3 24
$193.9M
$271.6M
Q2 24
$173.6M
$275.3M
Net Profit
BAND
BAND
HPK
HPK
Q1 26
$4.0M
Q4 25
$-25.2M
Q3 25
$-1.2M
$-18.3M
Q2 25
$-4.9M
$26.2M
Q1 25
$-3.7M
$36.3M
Q4 24
$9.0M
Q3 24
$413.0K
$49.9M
Q2 24
$4.1M
$29.7M
Gross Margin
BAND
BAND
HPK
HPK
Q1 26
37.3%
Q4 25
37.6%
Q3 25
38.5%
Q2 25
39.8%
Q1 25
41.0%
Q4 24
36.4%
Q3 24
37.7%
Q2 24
37.3%
Operating Margin
BAND
BAND
HPK
HPK
Q1 26
60.5%
Q4 25
-1.9%
-7.6%
Q3 25
-1.0%
17.3%
Q2 25
-2.1%
21.7%
Q1 25
-2.7%
35.1%
Q4 24
-1.3%
26.1%
Q3 24
-0.5%
27.0%
Q2 24
-3.5%
31.7%
Net Margin
BAND
BAND
HPK
HPK
Q1 26
1.9%
Q4 25
-11.6%
Q3 25
-0.6%
-9.7%
Q2 25
-2.7%
13.1%
Q1 25
-2.1%
14.1%
Q4 24
3.2%
Q3 24
0.2%
18.4%
Q2 24
2.3%
10.8%
EPS (diluted)
BAND
BAND
HPK
HPK
Q1 26
$-0.08
Q4 25
$-0.10
$-0.16
Q3 25
$-0.04
$-0.15
Q2 25
$-0.16
$0.19
Q1 25
$-0.13
$0.26
Q4 24
$0.27
$0.06
Q3 24
$0.01
$0.35
Q2 24
$-0.17
$0.21

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$47.3M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$405.7M
$1.6B
Total Assets
$984.2M
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
HPK
HPK
Q1 26
$47.3M
Q4 25
$111.3M
$162.1M
Q3 25
$80.4M
$164.9M
Q2 25
$68.1M
$21.9M
Q1 25
$41.7M
$51.6M
Q4 24
$83.8M
$86.6M
Q3 24
$79.9M
$135.6M
Q2 24
$76.4M
$157.9M
Total Debt
BAND
BAND
HPK
HPK
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
BAND
BAND
HPK
HPK
Q1 26
$405.7M
Q4 25
$400.0M
$1.6B
Q3 25
$392.7M
$1.6B
Q2 25
$384.5M
$1.7B
Q1 25
$345.4M
$1.6B
Q4 24
$312.5M
$1.6B
Q3 24
$336.6M
$1.6B
Q2 24
$307.4M
$1.6B
Total Assets
BAND
BAND
HPK
HPK
Q1 26
$984.2M
Q4 25
$1.1B
$3.2B
Q3 25
$1.0B
$3.2B
Q2 25
$1.0B
$3.1B
Q1 25
$964.4M
$3.1B
Q4 24
$989.2M
$3.1B
Q3 24
$1.0B
$3.1B
Q2 24
$1.0B
$3.1B
Debt / Equity
BAND
BAND
HPK
HPK
Q1 26
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
BAND
BAND
HPK
HPK
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
HPK
HPK
Q1 26
Q4 25
$38.6M
$93.1M
Q3 25
$22.2M
$120.2M
Q2 25
$31.7M
$141.2M
Q1 25
$-3.1M
$157.1M
Q4 24
$36.5M
$139.5M
Q3 24
$20.5M
$177.1M
Q2 24
$24.4M
$202.3M
Free Cash Flow
BAND
BAND
HPK
HPK
Q1 26
$-1.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
BAND
BAND
HPK
HPK
Q1 26
-0.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
BAND
BAND
HPK
HPK
Q1 26
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
49.55×
3.55×
Q2 24
6.03×
6.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAND
BAND

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

Related Comparisons