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

IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $216.6M, roughly 1.8× HighPeak Energy, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs -11.6%, a 41.8% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -23.3%). Over the past eight quarters, HighPeak Energy, Inc.'s revenue compounded faster (-13.2% CAGR vs -29.4%).

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.

IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.

HPK vs IEX — Head-to-Head

Bigger by revenue
IEX
IEX
1.8× larger
IEX
$398.4M
$216.6M
HPK
Growing faster (revenue YoY)
IEX
IEX
+40.0% gap
IEX
16.7%
-23.3%
HPK
Higher net margin
IEX
IEX
41.8% more per $
IEX
30.1%
-11.6%
HPK
Faster 2-yr revenue CAGR
HPK
HPK
Annualised
HPK
-13.2%
-29.4%
IEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HPK
HPK
IEX
IEX
Revenue
$216.6M
$398.4M
Net Profit
$-25.2M
$120.0M
Gross Margin
99.9%
Operating Margin
-7.6%
43.3%
Net Margin
-11.6%
30.1%
Revenue YoY
-23.3%
16.7%
Net Profit YoY
-380.7%
25.7%
EPS (diluted)
$-0.16
$1.61

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
IEX
IEX
Q2 26
$398.4M
Q1 26
$407.7M
Q4 25
$216.6M
$899.1M
Q3 25
$188.9M
$878.7M
Q2 25
$200.4M
$865.4M
Q1 25
$257.4M
$814.3M
Q4 24
$282.6M
$862.9M
Q3 24
$271.6M
$798.2M
Net Profit
HPK
HPK
IEX
IEX
Q2 26
$120.0M
Q1 26
$128.3M
Q4 25
$-25.2M
$128.3M
Q3 25
$-18.3M
$127.8M
Q2 25
$26.2M
$131.6M
Q1 25
$36.3M
$95.5M
Q4 24
$9.0M
$123.2M
Q3 24
$49.9M
$119.1M
Gross Margin
HPK
HPK
IEX
IEX
Q2 26
99.9%
Q1 26
94.9%
Q4 25
43.1%
Q3 25
44.5%
Q2 25
45.3%
Q1 25
45.3%
Q4 24
42.5%
Q3 24
44.3%
Operating Margin
HPK
HPK
IEX
IEX
Q2 26
43.3%
Q1 26
45.0%
Q4 25
-7.6%
20.4%
Q3 25
17.3%
21.1%
Q2 25
21.7%
21.7%
Q1 25
35.1%
17.4%
Q4 24
26.1%
19.2%
Q3 24
27.0%
21.0%
Net Margin
HPK
HPK
IEX
IEX
Q2 26
30.1%
Q1 26
31.5%
Q4 25
-11.6%
14.3%
Q3 25
-9.7%
14.5%
Q2 25
13.1%
15.2%
Q1 25
14.1%
11.7%
Q4 24
3.2%
14.3%
Q3 24
18.4%
14.9%
EPS (diluted)
HPK
HPK
IEX
IEX
Q2 26
$1.61
Q1 26
$1.71
Q4 25
$-0.16
$1.71
Q3 25
$-0.15
$1.70
Q2 25
$0.19
$1.74
Q1 25
$0.26
$1.26
Q4 24
$0.06
$1.61
Q3 24
$0.35
$1.57

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$162.1M
$586.2M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$4.0B
Total Assets
$3.2B
$6.9B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
IEX
IEX
Q2 26
$586.2M
Q1 26
$580.0M
Q4 25
$162.1M
$580.0M
Q3 25
$164.9M
$593.8M
Q2 25
$21.9M
$568.2M
Q1 25
$51.6M
$594.1M
Q4 24
$86.6M
$620.8M
Q3 24
$135.6M
$633.2M
Total Debt
HPK
HPK
IEX
IEX
Q2 26
Q1 26
Q4 25
$1.2B
$1.8B
Q3 25
$1.2B
$1.9B
Q2 25
$1.0B
$1.9B
Q1 25
$1.0B
$2.0B
Q4 24
$1.0B
$2.0B
Q3 24
$1.1B
$2.1B
Stockholders' Equity
HPK
HPK
IEX
IEX
Q2 26
$4.0B
Q1 26
$4.0B
Q4 25
$1.6B
$4.0B
Q3 25
$1.6B
$4.0B
Q2 25
$1.7B
$4.0B
Q1 25
$1.6B
$3.9B
Q4 24
$1.6B
$3.8B
Q3 24
$1.6B
$3.8B
Total Assets
HPK
HPK
IEX
IEX
Q2 26
$6.9B
Q1 26
$6.9B
Q4 25
$3.2B
$6.9B
Q3 25
$3.2B
$7.0B
Q2 25
$3.1B
$6.9B
Q1 25
$3.1B
$6.8B
Q4 24
$3.1B
$6.7B
Q3 24
$3.1B
$7.0B
Debt / Equity
HPK
HPK
IEX
IEX
Q2 26
Q1 26
Q4 25
0.75×
0.45×
Q3 25
0.73×
0.48×
Q2 25
0.62×
0.46×
Q1 25
0.63×
0.50×
Q4 24
0.65×
0.52×
Q3 24
0.67×
0.55×

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
IEX
IEX
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
$86.0M
FCF MarginFCF / Revenue
21.6%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$654.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
IEX
IEX
Q2 26
Q1 26
Q4 25
$93.1M
$209.5M
Q3 25
$120.2M
$203.5M
Q2 25
$141.2M
$161.7M
Q1 25
$157.1M
$105.7M
Q4 24
$139.5M
$172.6M
Q3 24
$177.1M
$205.3M
Free Cash Flow
HPK
HPK
IEX
IEX
Q2 26
$86.0M
Q1 26
$189.8M
Q4 25
$189.8M
Q3 25
$188.7M
Q2 25
$146.9M
Q1 25
$91.4M
Q4 24
$157.1M
Q3 24
$191.6M
FCF Margin
HPK
HPK
IEX
IEX
Q2 26
21.6%
Q1 26
46.6%
Q4 25
21.1%
Q3 25
21.5%
Q2 25
17.0%
Q1 25
11.2%
Q4 24
18.2%
Q3 24
24.0%
Capex Intensity
HPK
HPK
IEX
IEX
Q2 26
4.4%
Q1 26
15.6%
Q4 25
2.2%
Q3 25
1.7%
Q2 25
1.7%
Q1 25
1.8%
Q4 24
1.8%
Q3 24
1.7%
Cash Conversion
HPK
HPK
IEX
IEX
Q2 26
Q1 26
Q4 25
1.63×
Q3 25
1.59×
Q2 25
5.39×
1.23×
Q1 25
4.32×
1.11×
Q4 24
15.53×
1.40×
Q3 24
3.55×
1.72×

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%

IEX
IEX

Segment breakdown not available.

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