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

IAC Inc. is the larger business by last-quarter revenue ($422.9M vs $216.6M, roughly 2.0× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -17.0%, a 5.4% gap on every dollar of revenue. On growth, IAC Inc. posted the faster year-over-year revenue change (-12.2% vs -23.3%). Over the past eight quarters, HighPeak Energy, Inc.'s revenue compounded faster (-13.2% CAGR vs -18.4%).

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.

IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc., the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999. The firm's television assets then were sold to Vivendi in 2002.

HPK vs IAC — Head-to-Head

Bigger by revenue
IAC
IAC
2.0× larger
IAC
$422.9M
$216.6M
HPK
Growing faster (revenue YoY)
IAC
IAC
+11.1% gap
IAC
-12.2%
-23.3%
HPK
Higher net margin
HPK
HPK
5.4% more per $
HPK
-11.6%
-17.0%
IAC
Faster 2-yr revenue CAGR
HPK
HPK
Annualised
HPK
-13.2%
-18.4%
IAC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
IAC
IAC
Revenue
$216.6M
$422.9M
Net Profit
$-25.2M
$-71.9M
Gross Margin
99.9%
Operating Margin
-7.6%
Net Margin
-11.6%
-17.0%
Revenue YoY
-23.3%
-12.2%
Net Profit YoY
-380.7%
67.1%
EPS (diluted)
$-0.16
$-0.94

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
HPK
HPK
IAC
IAC
Q1 26
$422.9M
Q4 25
$216.6M
$646.0M
Q3 25
$188.9M
$589.8M
Q2 25
$200.4M
$586.9M
Q1 25
$257.4M
$570.5M
Q4 24
$282.6M
$721.4M
Q3 24
$271.6M
$642.0M
Q2 24
$275.3M
$634.4M
Net Profit
HPK
HPK
IAC
IAC
Q1 26
$-71.9M
Q4 25
$-25.2M
$-76.8M
Q3 25
$-18.3M
$-21.9M
Q2 25
$26.2M
$211.5M
Q1 25
$36.3M
$-216.8M
Q4 24
$9.0M
$-199.0M
Q3 24
$49.9M
$-243.7M
Q2 24
$29.7M
$-142.2M
Gross Margin
HPK
HPK
IAC
IAC
Q1 26
99.9%
Q4 25
69.8%
Q3 25
64.8%
Q2 25
65.6%
Q1 25
64.0%
Q4 24
65.8%
Q3 24
62.1%
Q2 24
60.1%
Operating Margin
HPK
HPK
IAC
IAC
Q1 26
Q4 25
-7.6%
-17.5%
Q3 25
17.3%
-3.5%
Q2 25
21.7%
0.1%
Q1 25
35.1%
6.3%
Q4 24
26.1%
6.7%
Q3 24
27.0%
1.3%
Q2 24
31.7%
-3.4%
Net Margin
HPK
HPK
IAC
IAC
Q1 26
-17.0%
Q4 25
-11.6%
-11.9%
Q3 25
-9.7%
-3.7%
Q2 25
13.1%
36.0%
Q1 25
14.1%
-38.0%
Q4 24
3.2%
-27.6%
Q3 24
18.4%
-38.0%
Q2 24
10.8%
-22.4%
EPS (diluted)
HPK
HPK
IAC
IAC
Q1 26
$-0.94
Q4 25
$-0.16
$-0.96
Q3 25
$-0.15
$-0.27
Q2 25
$0.19
$2.57
Q1 25
$0.26
$-2.64
Q4 24
$0.06
$-2.36
Q3 24
$0.35
$-2.93
Q2 24
$0.21
$-1.71

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
IAC
IAC
Cash + ST InvestmentsLiquidity on hand
$162.1M
$1.1B
Total DebtLower is stronger
$1.2B
$24.5M
Stockholders' EquityBook value
$1.6B
$4.6B
Total Assets
$3.2B
$6.8B
Debt / EquityLower = less leverage
0.75×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
IAC
IAC
Q1 26
$1.1B
Q4 25
$162.1M
$960.2M
Q3 25
$164.9M
$1.0B
Q2 25
$21.9M
$1.1B
Q1 25
$51.6M
$1.2B
Q4 24
$86.6M
$1.4B
Q3 24
$135.6M
$1.3B
Q2 24
$157.9M
$1.3B
Total Debt
HPK
HPK
IAC
IAC
Q1 26
$24.5M
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
$1.4B
Q2 25
$1.0B
$1.4B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
HPK
HPK
IAC
IAC
Q1 26
$4.6B
Q4 25
$1.6B
$4.7B
Q3 25
$1.6B
$4.8B
Q2 25
$1.7B
$4.9B
Q1 25
$1.6B
$4.7B
Q4 24
$1.6B
$5.6B
Q3 24
$1.6B
$5.8B
Q2 24
$1.6B
$6.0B
Total Assets
HPK
HPK
IAC
IAC
Q1 26
$6.8B
Q4 25
$3.2B
$7.1B
Q3 25
$3.2B
$7.2B
Q2 25
$3.1B
$7.4B
Q1 25
$3.1B
$7.2B
Q4 24
$3.1B
$9.7B
Q3 24
$3.1B
$9.8B
Q2 24
$3.1B
$10.2B
Debt / Equity
HPK
HPK
IAC
IAC
Q1 26
0.01×
Q4 25
0.75×
0.30×
Q3 25
0.73×
0.30×
Q2 25
0.62×
0.30×
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
HPK
HPK
IAC
IAC
Operating Cash FlowLast quarter
$93.1M
$5.4M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
0.5%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$51.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
IAC
IAC
Q1 26
$5.4M
Q4 25
$93.1M
$36.6M
Q3 25
$120.2M
$30.1M
Q2 25
$141.2M
$-2.8M
Q1 25
$157.1M
$63.0K
Q4 24
$139.5M
$110.1M
Q3 24
$177.1M
$95.3M
Q2 24
$202.3M
$85.0M
Free Cash Flow
HPK
HPK
IAC
IAC
Q1 26
$2.0M
Q4 25
$31.4M
Q3 25
$25.3M
Q2 25
$-7.2M
Q1 25
$-4.6M
Q4 24
$104.8M
Q3 24
$92.0M
Q2 24
$81.6M
FCF Margin
HPK
HPK
IAC
IAC
Q1 26
0.5%
Q4 25
4.9%
Q3 25
4.3%
Q2 25
-1.2%
Q1 25
-0.8%
Q4 24
14.5%
Q3 24
14.3%
Q2 24
12.9%
Capex Intensity
HPK
HPK
IAC
IAC
Q1 26
1.9%
Q4 25
0.8%
Q3 25
0.8%
Q2 25
0.8%
Q1 25
0.8%
Q4 24
0.7%
Q3 24
0.5%
Q2 24
0.5%
Cash Conversion
HPK
HPK
IAC
IAC
Q1 26
Q4 25
Q3 25
Q2 25
5.39×
-0.01×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HPK
HPK

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

IAC
IAC

People Inc. (a)$385.7M91%
Emerging & Other$20.1M5%
Search$17.1M4%

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