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Side-by-side financial comparison of EXPONENT INC (EXPO) 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 $166.3M, roughly 1.3× EXPONENT INC). EXPONENT INC runs the higher net margin — 17.8% vs -11.6%, a 29.4% gap on every dollar of revenue. On growth, EXPONENT INC posted the faster year-over-year revenue change (14.3% vs -23.3%). Over the past eight quarters, EXPONENT INC's revenue compounded faster (8.8% CAGR vs -13.2%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

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.

EXPO vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$166.3M
EXPO
Growing faster (revenue YoY)
EXPO
EXPO
+37.6% gap
EXPO
14.3%
-23.3%
HPK
Higher net margin
EXPO
EXPO
29.4% more per $
EXPO
17.8%
-11.6%
HPK
Faster 2-yr revenue CAGR
EXPO
EXPO
Annualised
EXPO
8.8%
-13.2%
HPK

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
EXPO
EXPO
HPK
HPK
Revenue
$166.3M
$216.6M
Net Profit
$29.6M
$-25.2M
Gross Margin
Operating Margin
24.9%
-7.6%
Net Margin
17.8%
-11.6%
Revenue YoY
14.3%
-23.3%
Net Profit YoY
11.0%
-380.7%
EPS (diluted)
$0.59
$-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
EXPO
EXPO
HPK
HPK
Q1 26
$166.3M
Q4 25
$147.1M
$216.6M
Q3 25
$142.0M
$188.9M
Q2 25
$145.5M
$200.4M
Q1 25
$136.8M
$257.4M
Q4 24
$282.6M
Q3 24
$136.3M
$271.6M
Q2 24
$140.5M
$275.3M
Net Profit
EXPO
EXPO
HPK
HPK
Q1 26
$29.6M
Q4 25
$28.0M
$-25.2M
Q3 25
$26.6M
$-18.3M
Q2 25
$26.6M
$26.2M
Q1 25
$23.6M
$36.3M
Q4 24
$9.0M
Q3 24
$26.0M
$49.9M
Q2 24
$29.2M
$29.7M
Operating Margin
EXPO
EXPO
HPK
HPK
Q1 26
24.9%
Q4 25
19.7%
-7.6%
Q3 25
12.1%
17.3%
Q2 25
30.5%
21.7%
Q1 25
19.9%
35.1%
Q4 24
26.1%
Q3 24
19.0%
27.0%
Q2 24
25.4%
31.7%
Net Margin
EXPO
EXPO
HPK
HPK
Q1 26
17.8%
Q4 25
19.1%
-11.6%
Q3 25
18.7%
-9.7%
Q2 25
18.3%
13.1%
Q1 25
17.2%
14.1%
Q4 24
3.2%
Q3 24
19.1%
18.4%
Q2 24
20.8%
10.8%
EPS (diluted)
EXPO
EXPO
HPK
HPK
Q1 26
$0.59
Q4 25
$0.55
$-0.16
Q3 25
$0.52
$-0.15
Q2 25
$0.52
$0.19
Q1 25
$0.45
$0.26
Q4 24
$0.06
Q3 24
$0.50
$0.35
Q2 24
$0.57
$0.21

Balance Sheet & Financial Strength

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

Metric
EXPO
EXPO
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$118.6M
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$338.3M
$1.6B
Total Assets
$687.4M
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
HPK
HPK
Q1 26
$118.6M
Q4 25
$207.4M
$162.1M
Q3 25
$231.8M
$164.9M
Q2 25
$245.1M
$21.9M
Q1 25
$258.9M
$51.6M
Q4 24
$86.6M
Q3 24
$219.7M
$135.6M
Q2 24
$203.3M
$157.9M
Total Debt
EXPO
EXPO
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
EXPO
EXPO
HPK
HPK
Q1 26
$338.3M
Q4 25
$402.9M
$1.6B
Q3 25
$427.8M
$1.6B
Q2 25
$441.4M
$1.7B
Q1 25
$421.1M
$1.6B
Q4 24
$1.6B
Q3 24
$410.3M
$1.6B
Q2 24
$393.2M
$1.6B
Total Assets
EXPO
EXPO
HPK
HPK
Q1 26
$687.4M
Q4 25
$761.4M
$3.2B
Q3 25
$759.4M
$3.2B
Q2 25
$763.2M
$3.1B
Q1 25
$777.3M
$3.1B
Q4 24
$3.1B
Q3 24
$744.1M
$3.1B
Q2 24
$709.2M
$3.1B
Debt / Equity
EXPO
EXPO
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
EXPO
EXPO
HPK
HPK
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPO
EXPO
HPK
HPK
Q1 26
Q4 25
$32.7M
$93.1M
Q3 25
$36.2M
$120.2M
Q2 25
$7.3M
$141.2M
Q1 25
$56.1M
$157.1M
Q4 24
$139.5M
Q3 24
$29.7M
$177.1M
Q2 24
$48.3M
$202.3M
Free Cash Flow
EXPO
EXPO
HPK
HPK
Q1 26
Q4 25
$30.0M
Q3 25
$33.9M
Q2 25
$5.5M
Q1 25
$53.5M
Q4 24
Q3 24
$28.0M
Q2 24
$47.2M
FCF Margin
EXPO
EXPO
HPK
HPK
Q1 26
Q4 25
20.4%
Q3 25
23.9%
Q2 25
3.8%
Q1 25
39.1%
Q4 24
Q3 24
20.5%
Q2 24
33.6%
Capex Intensity
EXPO
EXPO
HPK
HPK
Q1 26
Q4 25
1.8%
Q3 25
1.6%
Q2 25
1.2%
Q1 25
1.9%
Q4 24
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
EXPO
EXPO
HPK
HPK
Q1 26
Q4 25
1.16×
Q3 25
1.36×
Q2 25
0.27×
5.39×
Q1 25
2.38×
4.32×
Q4 24
15.53×
Q3 24
1.14×
3.55×
Q2 24
1.65×
6.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

HPK
HPK

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

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