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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $216.6M, roughly 1.0× HighPeak Energy, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -11.6%, a 21.5% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -23.3%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% 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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
HPK vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $219.1M |
| Net Profit | $-25.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -7.6% | 23.2% |
| Net Margin | -11.6% | 9.9% |
| Revenue YoY | -23.3% | 1.9% |
| Net Profit YoY | -380.7% | — |
| EPS (diluted) | $-0.16 | — |
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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $216.6M | $212.9M | ||
| Q3 25 | $188.9M | $226.9M | ||
| Q2 25 | $200.4M | $216.9M | ||
| Q1 25 | $257.4M | $214.9M | ||
| Q4 24 | $282.6M | $213.0M | ||
| Q3 24 | $271.6M | $212.8M | ||
| Q2 24 | $275.3M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-25.2M | $24.9M | ||
| Q3 25 | $-18.3M | $37.1M | ||
| Q2 25 | $26.2M | $22.0M | ||
| Q1 25 | $36.3M | $30.4M | ||
| Q4 24 | $9.0M | $36.3M | ||
| Q3 24 | $49.9M | $24.4M | ||
| Q2 24 | $29.7M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -7.6% | 25.9% | ||
| Q3 25 | 17.3% | 30.9% | ||
| Q2 25 | 21.7% | 23.2% | ||
| Q1 25 | 35.1% | 28.1% | ||
| Q4 24 | 26.1% | 24.5% | ||
| Q3 24 | 27.0% | 25.8% | ||
| Q2 24 | 31.7% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -11.6% | 11.7% | ||
| Q3 25 | -9.7% | 16.4% | ||
| Q2 25 | 13.1% | 10.1% | ||
| Q1 25 | 14.1% | 14.2% | ||
| Q4 24 | 3.2% | 17.1% | ||
| Q3 24 | 18.4% | 11.5% | ||
| Q2 24 | 10.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.16 | $0.24 | ||
| Q3 25 | $-0.15 | $0.35 | ||
| Q2 25 | $0.19 | $0.20 | ||
| Q1 25 | $0.26 | $0.27 | ||
| Q4 24 | $0.06 | $0.30 | ||
| Q3 24 | $0.35 | $0.21 | ||
| Q2 24 | $0.21 | $0.27 |
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 | — |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $3.2B | — |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $96.5M | ||
| Q3 25 | $164.9M | $88.5M | ||
| Q2 25 | $21.9M | $79.3M | ||
| Q1 25 | $51.6M | $50.9M | ||
| Q4 24 | $86.6M | $93.5M | ||
| Q3 24 | $135.6M | $159.6M | ||
| Q2 24 | $157.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $462.6M | ||
| Q3 25 | $1.6B | $450.5M | ||
| Q2 25 | $1.7B | $473.6M | ||
| Q1 25 | $1.6B | $518.4M | ||
| Q4 24 | $1.6B | $576.6M | ||
| Q3 24 | $1.6B | $663.8M | ||
| Q2 24 | $1.6B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $3.1B | $2.7B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.1B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 3.80× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.65× | 3.05× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $93.1M | $108.6M | ||
| Q3 25 | $120.2M | $100.8M | ||
| Q2 25 | $141.2M | $129.6M | ||
| Q1 25 | $157.1M | $61.1M | ||
| Q4 24 | $139.5M | $104.8M | ||
| Q3 24 | $177.1M | $118.6M | ||
| Q2 24 | $202.3M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $75.1M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $108.9M | ||
| Q1 25 | — | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | — | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | 5.39× | 5.90× | ||
| Q1 25 | 4.32× | 2.01× | ||
| Q4 24 | 15.53× | 2.88× | ||
| Q3 24 | 3.55× | 4.85× | ||
| Q2 24 | 6.81× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
