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

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $216.6M, roughly 1.7× HighPeak Energy, Inc.). IDACORP INC runs the higher net margin — 12.1% vs -11.6%, a 23.7% gap on every dollar of revenue. On growth, IDACORP INC posted the faster year-over-year revenue change (-4.2% vs -23.3%). Over the past eight quarters, IDACORP INC's revenue compounded faster (-7.2% CAGR vs -13.2%).

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.

IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.

HPK vs IDA — Head-to-Head

Bigger by revenue
IDA
IDA
1.7× larger
IDA
$360.1M
$216.6M
HPK
Growing faster (revenue YoY)
IDA
IDA
+19.1% gap
IDA
-4.2%
-23.3%
HPK
Higher net margin
IDA
IDA
23.7% more per $
IDA
12.1%
-11.6%
HPK
Faster 2-yr revenue CAGR
IDA
IDA
Annualised
IDA
-7.2%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
IDA
IDA
Revenue
$216.6M
$360.1M
Net Profit
$-25.2M
$43.6M
Gross Margin
Operating Margin
-7.6%
14.9%
Net Margin
-11.6%
12.1%
Revenue YoY
-23.3%
-4.2%
Net Profit YoY
-380.7%
15.1%
EPS (diluted)
$-0.16
$0.78

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
IDA
IDA
Q4 25
$216.6M
$360.1M
Q3 25
$188.9M
$526.4M
Q2 25
$200.4M
$449.3M
Q1 25
$257.4M
$411.1M
Q4 24
$282.6M
$375.9M
Q3 24
$271.6M
$532.5M
Q2 24
$275.3M
$442.6M
Q1 24
$287.8M
$417.9M
Net Profit
HPK
HPK
IDA
IDA
Q4 25
$-25.2M
$43.6M
Q3 25
$-18.3M
$124.4M
Q2 25
$26.2M
$95.8M
Q1 25
$36.3M
$59.6M
Q4 24
$9.0M
$37.9M
Q3 24
$49.9M
$113.6M
Q2 24
$29.7M
$89.5M
Q1 24
$6.4M
$48.2M
Operating Margin
HPK
HPK
IDA
IDA
Q4 25
-7.6%
14.9%
Q3 25
17.3%
27.5%
Q2 25
21.7%
22.4%
Q1 25
35.1%
13.4%
Q4 24
26.1%
11.0%
Q3 24
27.0%
25.1%
Q2 24
31.7%
23.3%
Q1 24
35.8%
11.9%
Net Margin
HPK
HPK
IDA
IDA
Q4 25
-11.6%
12.1%
Q3 25
-9.7%
23.6%
Q2 25
13.1%
21.3%
Q1 25
14.1%
14.5%
Q4 24
3.2%
10.1%
Q3 24
18.4%
21.3%
Q2 24
10.8%
20.2%
Q1 24
2.2%
11.5%
EPS (diluted)
HPK
HPK
IDA
IDA
Q4 25
$-0.16
$0.78
Q3 25
$-0.15
$2.26
Q2 25
$0.19
$1.76
Q1 25
$0.26
$1.10
Q4 24
$0.06
$0.72
Q3 24
$0.35
$2.12
Q2 24
$0.21
$1.71
Q1 24
$0.05
$0.95

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
IDA
IDA
Cash + ST InvestmentsLiquidity on hand
$162.1M
$215.7M
Total DebtLower is stronger
$1.2B
$3.3B
Stockholders' EquityBook value
$1.6B
$3.6B
Total Assets
$3.2B
$10.2B
Debt / EquityLower = less leverage
0.75×
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
IDA
IDA
Q4 25
$162.1M
$215.7M
Q3 25
$164.9M
$333.2M
Q2 25
$21.9M
$474.5M
Q1 25
$51.6M
$634.5M
Q4 24
$86.6M
$368.9M
Q3 24
$135.6M
$427.9M
Q2 24
$157.9M
$169.6M
Q1 24
$173.4M
$157.6M
Total Debt
HPK
HPK
IDA
IDA
Q4 25
$1.2B
$3.3B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
$3.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HPK
HPK
IDA
IDA
Q4 25
$1.6B
$3.6B
Q3 25
$1.6B
$3.5B
Q2 25
$1.7B
$3.4B
Q1 25
$1.6B
$3.3B
Q4 24
$1.6B
$3.3B
Q3 24
$1.6B
$3.3B
Q2 24
$1.6B
$3.2B
Q1 24
$1.5B
$2.9B
Total Assets
HPK
HPK
IDA
IDA
Q4 25
$3.2B
$10.2B
Q3 25
$3.2B
$10.1B
Q2 25
$3.1B
$9.9B
Q1 25
$3.1B
$9.6B
Q4 24
$3.1B
$9.2B
Q3 24
$3.1B
$9.1B
Q2 24
$3.1B
$8.7B
Q1 24
$3.1B
$8.3B
Debt / Equity
HPK
HPK
IDA
IDA
Q4 25
0.75×
0.93×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
0.92×
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
HPK
HPK
IDA
IDA
Operating Cash FlowLast quarter
$93.1M
$137.8M
Free Cash FlowOCF − Capex
$-216.2M
FCF MarginFCF / Revenue
-60.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
3.16×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
IDA
IDA
Q4 25
$93.1M
$137.8M
Q3 25
$120.2M
$162.8M
Q2 25
$141.2M
$176.9M
Q1 25
$157.1M
$124.3M
Q4 24
$139.5M
$136.4M
Q3 24
$177.1M
$201.9M
Q2 24
$202.3M
$146.4M
Q1 24
$171.4M
$109.7M
Free Cash Flow
HPK
HPK
IDA
IDA
Q4 25
$-216.2M
Q3 25
$-127.9M
Q2 25
$-156.4M
Q1 25
$-77.0M
Q4 24
$-48.9M
Q3 24
$-16.1M
Q2 24
$-199.6M
Q1 24
$-150.3M
FCF Margin
HPK
HPK
IDA
IDA
Q4 25
-60.0%
Q3 25
-24.3%
Q2 25
-34.8%
Q1 25
-18.7%
Q4 24
-13.0%
Q3 24
-3.0%
Q2 24
-45.1%
Q1 24
-36.0%
Capex Intensity
HPK
HPK
IDA
IDA
Q4 25
98.3%
Q3 25
55.2%
Q2 25
74.2%
Q1 25
49.0%
Q4 24
49.3%
Q3 24
41.0%
Q2 24
78.2%
Q1 24
62.2%
Cash Conversion
HPK
HPK
IDA
IDA
Q4 25
3.16×
Q3 25
1.31×
Q2 25
5.39×
1.85×
Q1 25
4.32×
2.08×
Q4 24
15.53×
3.60×
Q3 24
3.55×
1.78×
Q2 24
6.81×
1.63×
Q1 24
26.63×
2.28×

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%

IDA
IDA

Retailrevenues$323.0M90%
Transmissionserviceswheeling$18.6M5%
Energyefficiencyprogramrevenues$11.7M3%
Wholesaleenergysales$10.5M3%
Otherrevenues$9.5M3%

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