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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -23.3%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% 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.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

HPK vs IRT — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+25.9% gap
IRT
2.5%
-23.3%
HPK
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
IRT
IRT
Revenue
$216.6M
$165.3M
Net Profit
$-25.2M
Gross Margin
Operating Margin
-7.6%
Net Margin
-11.6%
Revenue YoY
-23.3%
2.5%
Net Profit YoY
-380.7%
EPS (diluted)
$-0.16
$0.00

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
IRT
IRT
Q1 26
$165.3M
Q4 25
$216.6M
$167.1M
Q3 25
$188.9M
$167.1M
Q2 25
$200.4M
$162.2M
Q1 25
$257.4M
$161.2M
Q4 24
$282.6M
$161.0M
Q3 24
$271.6M
$160.1M
Q2 24
$275.3M
$158.4M
Net Profit
HPK
HPK
IRT
IRT
Q1 26
Q4 25
$-25.2M
$33.3M
Q3 25
$-18.3M
$6.9M
Q2 25
$26.2M
$8.0M
Q1 25
$36.3M
$8.4M
Q4 24
$9.0M
$-1.0M
Q3 24
$49.9M
$12.4M
Q2 24
$29.7M
$10.4M
Operating Margin
HPK
HPK
IRT
IRT
Q1 26
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
21.7%
Q1 25
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
31.7%
Net Margin
HPK
HPK
IRT
IRT
Q1 26
Q4 25
-11.6%
19.9%
Q3 25
-9.7%
4.1%
Q2 25
13.1%
5.0%
Q1 25
14.1%
5.2%
Q4 24
3.2%
-0.6%
Q3 24
18.4%
7.7%
Q2 24
10.8%
6.5%
EPS (diluted)
HPK
HPK
IRT
IRT
Q1 26
$0.00
Q4 25
$-0.16
$0.14
Q3 25
$-0.15
$0.03
Q2 25
$0.19
$0.03
Q1 25
$0.26
$0.04
Q4 24
$0.06
$-0.01
Q3 24
$0.35
$0.05
Q2 24
$0.21
$0.05

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$162.1M
$23.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$3.4B
Total Assets
$3.2B
$6.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
IRT
IRT
Q1 26
$23.3M
Q4 25
$162.1M
$23.6M
Q3 25
$164.9M
$23.3M
Q2 25
$21.9M
$19.5M
Q1 25
$51.6M
$29.1M
Q4 24
$86.6M
$21.2M
Q3 24
$135.6M
$17.6M
Q2 24
$157.9M
$21.0M
Total Debt
HPK
HPK
IRT
IRT
Q1 26
Q4 25
$1.2B
$2.3B
Q3 25
$1.2B
$2.3B
Q2 25
$1.0B
$2.2B
Q1 25
$1.0B
$2.3B
Q4 24
$1.0B
$2.3B
Q3 24
$1.1B
$2.3B
Q2 24
$1.1B
$2.3B
Stockholders' Equity
HPK
HPK
IRT
IRT
Q1 26
$3.4B
Q4 25
$1.6B
$3.5B
Q3 25
$1.6B
$3.5B
Q2 25
$1.7B
$3.4B
Q1 25
$1.6B
$3.5B
Q4 24
$1.6B
$3.4B
Q3 24
$1.6B
$3.4B
Q2 24
$1.6B
$3.4B
Total Assets
HPK
HPK
IRT
IRT
Q1 26
$6.1B
Q4 25
$3.2B
$6.0B
Q3 25
$3.2B
$6.1B
Q2 25
$3.1B
$6.0B
Q1 25
$3.1B
$6.0B
Q4 24
$3.1B
$6.1B
Q3 24
$3.1B
$5.9B
Q2 24
$3.1B
$5.9B
Debt / Equity
HPK
HPK
IRT
IRT
Q1 26
Q4 25
0.75×
0.66×
Q3 25
0.73×
0.66×
Q2 25
0.62×
0.66×
Q1 25
0.63×
0.65×
Q4 24
0.65×
0.68×
Q3 24
0.67×
0.68×
Q2 24
0.70×
0.66×

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
IRT
IRT
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
IRT
IRT
Q1 26
Q4 25
$93.1M
$282.1M
Q3 25
$120.2M
$79.3M
Q2 25
$141.2M
$82.2M
Q1 25
$157.1M
$60.4M
Q4 24
$139.5M
$259.8M
Q3 24
$177.1M
$69.2M
Q2 24
$202.3M
$83.0M
Cash Conversion
HPK
HPK
IRT
IRT
Q1 26
Q4 25
8.48×
Q3 25
11.51×
Q2 25
5.39×
10.22×
Q1 25
4.32×
7.23×
Q4 24
15.53×
Q3 24
3.55×
5.60×
Q2 24
6.81×
8.02×

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%

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

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