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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $127.6M, roughly 1.7× JBG SMITH Properties). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -35.7%, a 24.1% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -23.3%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% 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.

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

HPK vs JBGS — Head-to-Head

Bigger by revenue
HPK
HPK
1.7× larger
HPK
$216.6M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+20.9% gap
JBGS
-2.5%
-23.3%
HPK
Higher net margin
HPK
HPK
24.1% more per $
HPK
-11.6%
-35.7%
JBGS
Faster 2-yr revenue CAGR
JBGS
JBGS
Annualised
JBGS
-6.3%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
JBGS
JBGS
Revenue
$216.6M
$127.6M
Net Profit
$-25.2M
$-45.5M
Gross Margin
Operating Margin
-7.6%
-47.5%
Net Margin
-11.6%
-35.7%
Revenue YoY
-23.3%
-2.5%
Net Profit YoY
-380.7%
24.0%
EPS (diluted)
$-0.16
$-0.76

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
JBGS
JBGS
Q4 25
$216.6M
$127.6M
Q3 25
$188.9M
$123.9M
Q2 25
$200.4M
$126.5M
Q1 25
$257.4M
$120.7M
Q4 24
$282.6M
$130.8M
Q3 24
$271.6M
$136.0M
Q2 24
$275.3M
$135.3M
Q1 24
$287.8M
$145.2M
Net Profit
HPK
HPK
JBGS
JBGS
Q4 25
$-25.2M
$-45.5M
Q3 25
$-18.3M
$-28.6M
Q2 25
$26.2M
$-19.2M
Q1 25
$36.3M
$-45.7M
Q4 24
$9.0M
$-59.9M
Q3 24
$49.9M
$-27.0M
Q2 24
$29.7M
$-24.4M
Q1 24
$6.4M
$-32.3M
Operating Margin
HPK
HPK
JBGS
JBGS
Q4 25
-7.6%
-47.5%
Q3 25
17.3%
-27.5%
Q2 25
21.7%
-18.4%
Q1 25
35.1%
-44.7%
Q4 24
26.1%
-53.6%
Q3 24
27.0%
-22.4%
Q2 24
31.7%
-24.3%
Q1 24
35.8%
-30.1%
Net Margin
HPK
HPK
JBGS
JBGS
Q4 25
-11.6%
-35.7%
Q3 25
-9.7%
-23.1%
Q2 25
13.1%
-15.2%
Q1 25
14.1%
-37.9%
Q4 24
3.2%
-45.8%
Q3 24
18.4%
-19.8%
Q2 24
10.8%
-18.0%
Q1 24
2.2%
-22.2%
EPS (diluted)
HPK
HPK
JBGS
JBGS
Q4 25
$-0.16
$-0.76
Q3 25
$-0.15
$-0.48
Q2 25
$0.19
$-0.29
Q1 25
$0.26
$-0.56
Q4 24
$0.06
$-0.70
Q3 24
$0.35
$-0.32
Q2 24
$0.21
$-0.27
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
HPK
HPK
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$162.1M
$75.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.2B
Total Assets
$3.2B
$4.4B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
JBGS
JBGS
Q4 25
$162.1M
$75.3M
Q3 25
$164.9M
$64.4M
Q2 25
$21.9M
$61.4M
Q1 25
$51.6M
$81.3M
Q4 24
$86.6M
$145.8M
Q3 24
$135.6M
$137.0M
Q2 24
$157.9M
$163.5M
Q1 24
$173.4M
$220.5M
Total Debt
HPK
HPK
JBGS
JBGS
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
JBGS
JBGS
Q4 25
$1.6B
$1.2B
Q3 25
$1.6B
$1.2B
Q2 25
$1.7B
$1.3B
Q1 25
$1.6B
$1.6B
Q4 24
$1.6B
$1.8B
Q3 24
$1.6B
$1.9B
Q2 24
$1.6B
$2.0B
Q1 24
$1.5B
$2.1B
Total Assets
HPK
HPK
JBGS
JBGS
Q4 25
$3.2B
$4.4B
Q3 25
$3.2B
$4.4B
Q2 25
$3.1B
$4.5B
Q1 25
$3.1B
$4.7B
Q4 24
$3.1B
$5.0B
Q3 24
$3.1B
$5.2B
Q2 24
$3.1B
$5.3B
Q1 24
$3.1B
$5.4B
Debt / Equity
HPK
HPK
JBGS
JBGS
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
JBGS
JBGS
Operating Cash FlowLast quarter
$93.1M
$73.3M
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
JBGS
JBGS
Q4 25
$93.1M
$73.3M
Q3 25
$120.2M
$8.9M
Q2 25
$141.2M
$18.8M
Q1 25
$157.1M
$12.9M
Q4 24
$139.5M
$129.4M
Q3 24
$177.1M
$26.4M
Q2 24
$202.3M
$23.8M
Q1 24
$171.4M
$37.0M
Cash Conversion
HPK
HPK
JBGS
JBGS
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
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

JBGS
JBGS

Segment breakdown not available.

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