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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $113.9M, roughly 1.9× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -11.6%, a 10.1% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -23.3%). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% 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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
HPK vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $113.9M |
| Net Profit | $-25.2M | $-1.8M |
| Gross Margin | — | — |
| Operating Margin | -7.6% | -22.1% |
| Net Margin | -11.6% | -1.6% |
| Revenue YoY | -23.3% | 3.1% |
| Net Profit YoY | -380.7% | 92.6% |
| EPS (diluted) | $-0.16 | $-0.02 |
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.
| Q4 25 | $216.6M | $113.9M | ||
| Q3 25 | $188.9M | $110.9M | ||
| Q2 25 | $200.4M | $112.1M | ||
| Q1 25 | $257.4M | $111.9M | ||
| Q4 24 | $282.6M | $110.5M | ||
| Q3 24 | $271.6M | $108.9M | ||
| Q2 24 | $275.3M | $110.6M | ||
| Q1 24 | $287.8M | $112.2M |
| Q4 25 | $-25.2M | $-1.8M | ||
| Q3 25 | $-18.3M | $-21.6M | ||
| Q2 25 | $26.2M | $-21.3M | ||
| Q1 25 | $36.3M | $-21.5M | ||
| Q4 24 | $9.0M | $-24.1M | ||
| Q3 24 | $49.9M | $-25.0M | ||
| Q2 24 | $29.7M | $-23.2M | ||
| Q1 24 | $6.4M | $-23.4M |
| Q4 25 | -7.6% | -22.1% | ||
| Q3 25 | 17.3% | -29.4% | ||
| Q2 25 | 21.7% | -30.8% | ||
| Q1 25 | 35.1% | -26.9% | ||
| Q4 24 | 26.1% | -31.1% | ||
| Q3 24 | 27.0% | -33.5% | ||
| Q2 24 | 31.7% | -32.4% | ||
| Q1 24 | 35.8% | -31.7% |
| Q4 25 | -11.6% | -1.6% | ||
| Q3 25 | -9.7% | -19.4% | ||
| Q2 25 | 13.1% | -19.0% | ||
| Q1 25 | 14.1% | -19.2% | ||
| Q4 24 | 3.2% | -21.8% | ||
| Q3 24 | 18.4% | -22.9% | ||
| Q2 24 | 10.8% | -20.9% | ||
| Q1 24 | 2.2% | -20.9% |
| Q4 25 | $-0.16 | $-0.02 | ||
| Q3 25 | $-0.15 | $-0.33 | ||
| Q2 25 | $0.19 | $-0.32 | ||
| Q1 25 | $0.26 | $-0.33 | ||
| Q4 24 | $0.06 | $-0.37 | ||
| Q3 24 | $0.35 | $-0.38 | ||
| Q2 24 | $0.21 | $-0.35 | ||
| Q1 24 | $0.05 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $162.1M | $94.8M |
| Total DebtLower is stronger | $1.2B | $4.2B |
| Stockholders' EquityBook value | $1.6B | $489.7M |
| Total Assets | $3.2B | $5.2B |
| Debt / EquityLower = less leverage | 0.75× | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $94.8M | ||
| Q3 25 | $164.9M | $83.2M | ||
| Q2 25 | $21.9M | $58.6M | ||
| Q1 25 | $51.6M | $108.0M | ||
| Q4 24 | $86.6M | $131.7M | ||
| Q3 24 | $135.6M | $153.9M | ||
| Q2 24 | $157.9M | $146.2M | ||
| Q1 24 | $173.4M | $128.4M |
| Q4 25 | $1.2B | $4.2B | ||
| Q3 25 | $1.2B | $4.2B | ||
| Q2 25 | $1.0B | $4.2B | ||
| Q1 25 | $1.0B | $4.3B | ||
| Q4 24 | $1.0B | $4.3B | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.1B | $4.3B | ||
| Q1 24 | $1.1B | $4.3B |
| Q4 25 | $1.6B | $489.7M | ||
| Q3 25 | $1.6B | $494.1M | ||
| Q2 25 | $1.7B | $519.1M | ||
| Q1 25 | $1.6B | $539.5M | ||
| Q4 24 | $1.6B | $562.0M | ||
| Q3 24 | $1.6B | $585.9M | ||
| Q2 24 | $1.6B | $618.3M | ||
| Q1 24 | $1.5B | $643.2M |
| Q4 25 | $3.2B | $5.2B | ||
| Q3 25 | $3.2B | $5.2B | ||
| Q2 25 | $3.1B | $5.2B | ||
| Q1 25 | $3.1B | $5.4B | ||
| Q4 24 | $3.1B | $5.4B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $3.1B | $5.5B | ||
| Q1 24 | $3.1B | $5.5B |
| Q4 25 | 0.75× | 8.56× | ||
| Q3 25 | 0.73× | 8.49× | ||
| Q2 25 | 0.62× | 8.09× | ||
| Q1 25 | 0.63× | 7.96× | ||
| Q4 24 | 0.65× | 7.65× | ||
| Q3 24 | 0.67× | 7.35× | ||
| Q2 24 | 0.70× | 6.96× | ||
| Q1 24 | 0.73× | 6.70× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.1M | $60.7M |
| Free Cash FlowOCF − Capex | — | $42.0M |
| FCF MarginFCF / Revenue | — | 36.9% |
| Capex IntensityCapex / Revenue | — | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $60.7M | ||
| Q3 25 | $120.2M | $22.7M | ||
| Q2 25 | $141.2M | $18.4M | ||
| Q1 25 | $157.1M | $11.4M | ||
| Q4 24 | $139.5M | $2.0M | ||
| Q3 24 | $177.1M | $-3.4M | ||
| Q2 24 | $202.3M | $10.8M | ||
| Q1 24 | $171.4M | $8.0M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | — | $17.6M | ||
| Q2 25 | — | $15.2M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $-3.7M | ||
| Q3 24 | — | $-5.9M | ||
| Q2 24 | — | $9.4M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | 36.9% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | -3.4% | ||
| Q3 24 | — | -5.5% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | — | ||
| Q4 24 | 15.53× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 6.81× | — | ||
| Q1 24 | 26.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
ILPT
Segment breakdown not available.
