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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.3× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -11.6%, a 15.0% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -23.3%). Over the past eight quarters, Bitcoin Depot Inc.'s revenue compounded faster (-4.9% CAGR vs -13.2%).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

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.

BTM vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+43.4% gap
BTM
20.1%
-23.3%
HPK
Higher net margin
BTM
BTM
15.0% more per $
BTM
3.4%
-11.6%
HPK
Faster 2-yr revenue CAGR
BTM
BTM
Annualised
BTM
-4.9%
-13.2%
HPK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
HPK
HPK
Revenue
$162.5M
$216.6M
Net Profit
$5.5M
$-25.2M
Gross Margin
Operating Margin
7.3%
-7.6%
Net Margin
3.4%
-11.6%
Revenue YoY
20.1%
-23.3%
Net Profit YoY
690.4%
-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
BTM
BTM
HPK
HPK
Q4 25
$216.6M
Q3 25
$162.5M
$188.9M
Q2 25
$172.1M
$200.4M
Q1 25
$164.2M
$257.4M
Q4 24
$282.6M
Q3 24
$135.3M
$271.6M
Q2 24
$163.1M
$275.3M
Q1 24
$138.5M
$287.8M
Net Profit
BTM
BTM
HPK
HPK
Q4 25
$-25.2M
Q3 25
$5.5M
$-18.3M
Q2 25
$6.1M
$26.2M
Q1 25
$4.2M
$36.3M
Q4 24
$9.0M
Q3 24
$-939.0K
$49.9M
Q2 24
$-2.6M
$29.7M
Q1 24
$-1.5M
$6.4M
Operating Margin
BTM
BTM
HPK
HPK
Q4 25
-7.6%
Q3 25
7.3%
17.3%
Q2 25
9.2%
21.7%
Q1 25
10.8%
35.1%
Q4 24
26.1%
Q3 24
4.1%
27.0%
Q2 24
4.7%
31.7%
Q1 24
0.5%
35.8%
Net Margin
BTM
BTM
HPK
HPK
Q4 25
-11.6%
Q3 25
3.4%
-9.7%
Q2 25
3.5%
13.1%
Q1 25
2.6%
14.1%
Q4 24
3.2%
Q3 24
-0.7%
18.4%
Q2 24
-1.6%
10.8%
Q1 24
-1.1%
2.2%
EPS (diluted)
BTM
BTM
HPK
HPK
Q4 25
$-0.16
Q3 25
$0.08
$-0.15
Q2 25
$0.16
$0.19
Q1 25
$0.20
$0.26
Q4 24
$0.06
Q3 24
$-0.05
$0.35
Q2 24
$-0.13
$0.21
Q1 24
$-0.25
$0.05

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$59.3M
$162.1M
Total DebtLower is stronger
$67.5M
$1.2B
Stockholders' EquityBook value
$21.0M
$1.6B
Total Assets
$125.3M
$3.2B
Debt / EquityLower = less leverage
3.21×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
HPK
HPK
Q4 25
$162.1M
Q3 25
$59.3M
$164.9M
Q2 25
$48.0M
$21.9M
Q1 25
$35.0M
$51.6M
Q4 24
$86.6M
Q3 24
$32.2M
$135.6M
Q2 24
$43.9M
$157.9M
Q1 24
$42.2M
$173.4M
Total Debt
BTM
BTM
HPK
HPK
Q4 25
$1.2B
Q3 25
$67.5M
$1.2B
Q2 25
$66.5M
$1.0B
Q1 25
$56.2M
$1.0B
Q4 24
$1.0B
Q3 24
$44.5M
$1.1B
Q2 24
$41.2M
$1.1B
Q1 24
$37.6M
$1.1B
Stockholders' Equity
BTM
BTM
HPK
HPK
Q4 25
$1.6B
Q3 25
$21.0M
$1.6B
Q2 25
$4.7M
$1.7B
Q1 25
$-4.6M
$1.6B
Q4 24
$1.6B
Q3 24
$-7.9M
$1.6B
Q2 24
$4.4M
$1.6B
Q1 24
$5.0M
$1.5B
Total Assets
BTM
BTM
HPK
HPK
Q4 25
$3.2B
Q3 25
$125.3M
$3.2B
Q2 25
$109.1M
$3.1B
Q1 25
$89.7M
$3.1B
Q4 24
$3.1B
Q3 24
$87.4M
$3.1B
Q2 24
$97.5M
$3.1B
Q1 24
$90.1M
$3.1B
Debt / Equity
BTM
BTM
HPK
HPK
Q4 25
0.75×
Q3 25
3.21×
0.73×
Q2 25
14.18×
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
9.27×
0.70×
Q1 24
7.54×
0.73×

Cash Flow & Capital Efficiency

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

Metric
BTM
BTM
HPK
HPK
Operating Cash FlowLast quarter
$6.6M
$93.1M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
HPK
HPK
Q4 25
$93.1M
Q3 25
$6.6M
$120.2M
Q2 25
$10.2M
$141.2M
Q1 25
$16.3M
$157.1M
Q4 24
$139.5M
Q3 24
$5.8M
$177.1M
Q2 24
$10.1M
$202.3M
Q1 24
$1.3M
$171.4M
Free Cash Flow
BTM
BTM
HPK
HPK
Q4 25
Q3 25
$2.5M
Q2 25
$9.8M
Q1 25
$15.9M
Q4 24
Q3 24
$-1.0M
Q2 24
$7.6M
Q1 24
$789.0K
FCF Margin
BTM
BTM
HPK
HPK
Q4 25
Q3 25
1.6%
Q2 25
5.7%
Q1 25
9.7%
Q4 24
Q3 24
-0.8%
Q2 24
4.7%
Q1 24
0.6%
Capex Intensity
BTM
BTM
HPK
HPK
Q4 25
Q3 25
2.5%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
Q3 24
5.0%
Q2 24
1.5%
Q1 24
0.4%
Cash Conversion
BTM
BTM
HPK
HPK
Q4 25
Q3 25
1.20×
Q2 25
1.67×
5.39×
Q1 25
3.88×
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
Q1 24
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTM
BTM

Segment breakdown not available.

HPK
HPK

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

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