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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -11.6%, a 16.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -23.3%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.

Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.

HPK vs IIIN — Head-to-Head

Bigger by revenue
HPK
HPK
1.4× larger
HPK
$216.6M
$159.9M
IIIN
Growing faster (revenue YoY)
IIIN
IIIN
+46.6% gap
IIIN
23.3%
-23.3%
HPK
Higher net margin
IIIN
IIIN
16.4% more per $
IIIN
4.7%
-11.6%
HPK
Faster 2-yr revenue CAGR
IIIN
IIIN
Annualised
IIIN
12.0%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
IIIN
IIIN
Revenue
$216.6M
$159.9M
Net Profit
$-25.2M
$7.6M
Gross Margin
11.3%
Operating Margin
-7.6%
6.0%
Net Margin
-11.6%
4.7%
Revenue YoY
-23.3%
23.3%
Net Profit YoY
-380.7%
602.4%
EPS (diluted)
$-0.16
$0.39

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
IIIN
IIIN
Q4 25
$216.6M
$159.9M
Q3 25
$188.9M
$177.4M
Q2 25
$200.4M
$179.9M
Q1 25
$257.4M
$160.7M
Q4 24
$282.6M
$129.7M
Q3 24
$271.6M
$134.3M
Q2 24
$275.3M
$145.8M
Q1 24
$287.8M
$127.4M
Net Profit
HPK
HPK
IIIN
IIIN
Q4 25
$-25.2M
$7.6M
Q3 25
$-18.3M
$14.6M
Q2 25
$26.2M
$15.2M
Q1 25
$36.3M
$10.2M
Q4 24
$9.0M
$1.1M
Q3 24
$49.9M
$4.7M
Q2 24
$29.7M
$6.6M
Q1 24
$6.4M
$6.9M
Gross Margin
HPK
HPK
IIIN
IIIN
Q4 25
11.3%
Q3 25
16.1%
Q2 25
17.1%
Q1 25
15.3%
Q4 24
7.3%
Q3 24
9.1%
Q2 24
10.6%
Q1 24
12.3%
Operating Margin
HPK
HPK
IIIN
IIIN
Q4 25
-7.6%
6.0%
Q3 25
17.3%
10.8%
Q2 25
21.7%
11.0%
Q1 25
35.1%
8.3%
Q4 24
26.1%
1.1%
Q3 24
27.0%
4.5%
Q2 24
31.7%
6.0%
Q1 24
35.8%
7.0%
Net Margin
HPK
HPK
IIIN
IIIN
Q4 25
-11.6%
4.7%
Q3 25
-9.7%
8.2%
Q2 25
13.1%
8.4%
Q1 25
14.1%
6.4%
Q4 24
3.2%
0.8%
Q3 24
18.4%
3.5%
Q2 24
10.8%
4.5%
Q1 24
2.2%
5.4%
EPS (diluted)
HPK
HPK
IIIN
IIIN
Q4 25
$-0.16
$0.39
Q3 25
$-0.15
$0.74
Q2 25
$0.19
$0.78
Q1 25
$0.26
$0.52
Q4 24
$0.06
$0.06
Q3 24
$0.35
$0.24
Q2 24
$0.21
$0.34
Q1 24
$0.05
$0.35

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
IIIN
IIIN
Cash + ST InvestmentsLiquidity on hand
$162.1M
$15.6M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$358.8M
Total Assets
$3.2B
$456.1M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
IIIN
IIIN
Q4 25
$162.1M
$15.6M
Q3 25
$164.9M
$38.6M
Q2 25
$21.9M
$53.7M
Q1 25
$51.6M
$28.4M
Q4 24
$86.6M
$36.0M
Q3 24
$135.6M
$111.5M
Q2 24
$157.9M
$97.7M
Q1 24
$173.4M
$83.9M
Total Debt
HPK
HPK
IIIN
IIIN
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
HPK
HPK
IIIN
IIIN
Q4 25
$1.6B
$358.8M
Q3 25
$1.6B
$371.5M
Q2 25
$1.7B
$356.2M
Q1 25
$1.6B
$341.4M
Q4 24
$1.6B
$331.6M
Q3 24
$1.6B
$350.9M
Q2 24
$1.6B
$346.0M
Q1 24
$1.5B
$340.6M
Total Assets
HPK
HPK
IIIN
IIIN
Q4 25
$3.2B
$456.1M
Q3 25
$3.2B
$462.6M
Q2 25
$3.1B
$471.9M
Q1 25
$3.1B
$421.9M
Q4 24
$3.1B
$404.7M
Q3 24
$3.1B
$422.6M
Q2 24
$3.1B
$414.6M
Q1 24
$3.1B
$397.2M
Debt / Equity
HPK
HPK
IIIN
IIIN
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
HPK
HPK
IIIN
IIIN
Operating Cash FlowLast quarter
$93.1M
$-701.0K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
IIIN
IIIN
Q4 25
$93.1M
$-701.0K
Q3 25
$120.2M
$-17.0M
Q2 25
$141.2M
$28.5M
Q1 25
$157.1M
$-3.3M
Q4 24
$139.5M
$19.0M
Q3 24
$177.1M
$16.2M
Q2 24
$202.3M
$18.8M
Q1 24
$171.4M
$1.4M
Free Cash Flow
HPK
HPK
IIIN
IIIN
Q4 25
$-2.2M
Q3 25
$-18.7M
Q2 25
$26.9M
Q1 25
$-5.5M
Q4 24
$16.3M
Q3 24
$14.5M
Q2 24
$15.5M
Q1 24
$-580.0K
FCF Margin
HPK
HPK
IIIN
IIIN
Q4 25
-1.4%
Q3 25
-10.6%
Q2 25
15.0%
Q1 25
-3.5%
Q4 24
12.6%
Q3 24
10.8%
Q2 24
10.7%
Q1 24
-0.5%
Capex Intensity
HPK
HPK
IIIN
IIIN
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
2.2%
Q1 24
1.5%
Cash Conversion
HPK
HPK
IIIN
IIIN
Q4 25
-0.09×
Q3 25
-1.17×
Q2 25
5.39×
1.88×
Q1 25
4.32×
-0.32×
Q4 24
15.53×
17.56×
Q3 24
3.55×
3.48×
Q2 24
6.81×
2.86×
Q1 24
26.63×
0.20×

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%

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

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