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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.6× Emerald Holding, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -22.8%, a 11.1% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -23.3%). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -13.2%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

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.

EEX vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.6× larger
HPK
$216.6M
$132.7M
EEX
Growing faster (revenue YoY)
EEX
EEX
+47.6% gap
EEX
24.3%
-23.3%
HPK
Higher net margin
HPK
HPK
11.1% more per $
HPK
-11.6%
-22.8%
EEX
Faster 2-yr revenue CAGR
EEX
EEX
Annualised
EEX
-0.3%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EEX
EEX
HPK
HPK
Revenue
$132.7M
$216.6M
Net Profit
$-30.2M
$-25.2M
Gross Margin
Operating Margin
-11.8%
-7.6%
Net Margin
-22.8%
-11.6%
Revenue YoY
24.3%
-23.3%
Net Profit YoY
-692.2%
-380.7%
EPS (diluted)
$-0.15
$-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
EEX
EEX
HPK
HPK
Q4 25
$132.7M
$216.6M
Q3 25
$77.5M
$188.9M
Q2 25
$105.5M
$200.4M
Q1 25
$147.7M
$257.4M
Q4 24
$106.8M
$282.6M
Q3 24
$72.6M
$271.6M
Q2 24
$86.0M
$275.3M
Q1 24
$133.4M
$287.8M
Net Profit
EEX
EEX
HPK
HPK
Q4 25
$-30.2M
$-25.2M
Q3 25
$-14.4M
$-18.3M
Q2 25
$-1.4M
$26.2M
Q1 25
$15.3M
$36.3M
Q4 24
$5.1M
$9.0M
Q3 24
$-11.1M
$49.9M
Q2 24
$-2.8M
$29.7M
Q1 24
$11.0M
$6.4M
Operating Margin
EEX
EEX
HPK
HPK
Q4 25
-11.8%
-7.6%
Q3 25
-10.1%
17.3%
Q2 25
9.7%
21.7%
Q1 25
24.2%
35.1%
Q4 24
19.5%
26.1%
Q3 24
-6.5%
27.0%
Q2 24
7.4%
31.7%
Q1 24
18.2%
35.8%
Net Margin
EEX
EEX
HPK
HPK
Q4 25
-22.8%
-11.6%
Q3 25
-18.6%
-9.7%
Q2 25
-1.3%
13.1%
Q1 25
10.4%
14.1%
Q4 24
4.8%
3.2%
Q3 24
-15.3%
18.4%
Q2 24
-3.3%
10.8%
Q1 24
8.2%
2.2%
EPS (diluted)
EEX
EEX
HPK
HPK
Q4 25
$-0.15
$-0.16
Q3 25
$-0.07
$-0.15
Q2 25
$-0.01
$0.19
Q1 25
$0.08
$0.26
Q4 24
$0.01
$0.06
Q3 24
$-0.05
$0.35
Q2 24
$-0.03
$0.21
Q1 24
$0.00
$0.05

Balance Sheet & Financial Strength

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

Metric
EEX
EEX
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$100.9M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$338.8M
$1.6B
Total Assets
$1.2B
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
HPK
HPK
Q4 25
$100.9M
$162.1M
Q3 25
$95.4M
$164.9M
Q2 25
$156.4M
$21.9M
Q1 25
$276.8M
$51.6M
Q4 24
$194.8M
$86.6M
Q3 24
$188.9M
$135.6M
Q2 24
$193.2M
$157.9M
Q1 24
$186.8M
$173.4M
Total Debt
EEX
EEX
HPK
HPK
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
Q1 24
$1.1B
Stockholders' Equity
EEX
EEX
HPK
HPK
Q4 25
$338.8M
$1.6B
Q3 25
$369.5M
$1.6B
Q2 25
$389.4M
$1.7B
Q1 25
$392.1M
$1.6B
Q4 24
$385.9M
$1.6B
Q3 24
$391.1M
$1.6B
Q2 24
$407.6M
$1.6B
Q1 24
$-90.7M
$1.5B
Total Assets
EEX
EEX
HPK
HPK
Q4 25
$1.2B
$3.2B
Q3 25
$1.2B
$3.2B
Q2 25
$1.2B
$3.1B
Q1 25
$1.2B
$3.1B
Q4 24
$1.0B
$3.1B
Q3 24
$1.1B
$3.1B
Q2 24
$1.1B
$3.1B
Q1 24
$1.1B
$3.1B
Debt / Equity
EEX
EEX
HPK
HPK
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×
Q1 24
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
EEX
EEX
HPK
HPK
Operating Cash FlowLast quarter
$12.3M
$93.1M
Free Cash FlowOCF − Capex
$11.7M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
HPK
HPK
Q4 25
$12.3M
$93.1M
Q3 25
$1.8M
$120.2M
Q2 25
$15.9M
$141.2M
Q1 25
$12.6M
$157.1M
Q4 24
$20.6M
$139.5M
Q3 24
$9.1M
$177.1M
Q2 24
$9.8M
$202.3M
Q1 24
$7.3M
$171.4M
Free Cash Flow
EEX
EEX
HPK
HPK
Q4 25
$11.7M
Q3 25
$1.5M
Q2 25
$15.8M
Q1 25
$12.4M
Q4 24
$19.9M
Q3 24
$9.0M
Q2 24
$9.6M
Q1 24
$7.0M
FCF Margin
EEX
EEX
HPK
HPK
Q4 25
8.8%
Q3 25
1.9%
Q2 25
15.0%
Q1 25
8.4%
Q4 24
18.6%
Q3 24
12.4%
Q2 24
11.2%
Q1 24
5.2%
Capex Intensity
EEX
EEX
HPK
HPK
Q4 25
0.5%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.7%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
EEX
EEX
HPK
HPK
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
0.82×
4.32×
Q4 24
4.04×
15.53×
Q3 24
3.55×
Q2 24
6.81×
Q1 24
0.66×
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

HPK
HPK

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

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