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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $151.4M, roughly 1.4× James River Group Holdings, Inc.). On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (-12.1% vs -23.3%). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-10.3% 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.

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

HPK vs JRVR — Head-to-Head

Bigger by revenue
HPK
HPK
1.4× larger
HPK
$216.6M
$151.4M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+11.2% gap
JRVR
-12.1%
-23.3%
HPK
Faster 2-yr revenue CAGR
JRVR
JRVR
Annualised
JRVR
-10.3%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
JRVR
JRVR
Revenue
$216.6M
$151.4M
Net Profit
$-25.2M
Gross Margin
Operating Margin
-7.6%
Net Margin
-11.6%
Revenue YoY
-23.3%
-12.1%
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.

Revenue
HPK
HPK
JRVR
JRVR
Q1 26
$151.4M
Q4 25
$216.6M
$167.7M
Q3 25
$188.9M
$172.7M
Q2 25
$200.4M
$174.8M
Q1 25
$257.4M
$172.3M
Q4 24
$282.6M
$126.7M
Q3 24
$271.6M
$191.5M
Q2 24
$275.3M
$188.3M
Net Profit
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
$-25.2M
$32.1M
Q3 25
$-18.3M
$1.0M
Q2 25
$26.2M
$4.8M
Q1 25
$36.3M
$9.6M
Q4 24
$9.0M
$-64.8M
Q3 24
$49.9M
$-39.4M
Q2 24
$29.7M
$7.6M
Operating Margin
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
-7.6%
14.6%
Q3 25
17.3%
1.5%
Q2 25
21.7%
4.2%
Q1 25
35.1%
9.3%
Q4 24
26.1%
-57.0%
Q3 24
27.0%
-27.1%
Q2 24
31.7%
10.7%
Net Margin
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
-11.6%
19.1%
Q3 25
-9.7%
0.6%
Q2 25
13.1%
2.7%
Q1 25
14.1%
5.6%
Q4 24
3.2%
-51.1%
Q3 24
18.4%
-20.6%
Q2 24
10.8%
4.0%
EPS (diluted)
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
$-0.16
$0.59
Q3 25
$-0.15
$-0.02
Q2 25
$0.19
$0.06
Q1 25
$0.26
$0.16
Q4 24
$0.06
$-2.44
Q3 24
$0.35
$-1.10
Q2 24
$0.21
$0.13

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$162.1M
$228.2M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$518.4M
Total Assets
$3.2B
$4.8B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
JRVR
JRVR
Q1 26
$228.2M
Q4 25
$162.1M
$260.9M
Q3 25
$164.9M
$238.8M
Q2 25
$21.9M
$220.0M
Q1 25
$51.6M
$279.4M
Q4 24
$86.6M
$362.3M
Q3 24
$135.6M
$359.8M
Q2 24
$157.9M
$672.5M
Total Debt
HPK
HPK
JRVR
JRVR
Q1 26
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
Stockholders' Equity
HPK
HPK
JRVR
JRVR
Q1 26
$518.4M
Q4 25
$1.6B
$538.2M
Q3 25
$1.6B
$503.6M
Q2 25
$1.7B
$492.6M
Q1 25
$1.6B
$484.5M
Q4 24
$1.6B
$460.9M
Q3 24
$1.6B
$530.3M
Q2 24
$1.6B
$541.8M
Total Assets
HPK
HPK
JRVR
JRVR
Q1 26
$4.8B
Q4 25
$3.2B
$4.9B
Q3 25
$3.2B
$5.0B
Q2 25
$3.1B
$5.0B
Q1 25
$3.1B
$4.9B
Q4 24
$3.1B
$5.0B
Q3 24
$3.1B
$5.0B
Q2 24
$3.1B
$4.7B
Debt / Equity
HPK
HPK
JRVR
JRVR
Q1 26
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×

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
JRVR
JRVR
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
JRVR
JRVR
Q1 26
Q4 25
$93.1M
$-18.8M
Q3 25
$120.2M
$34.3M
Q2 25
$141.2M
$25.2M
Q1 25
$157.1M
$-51.5M
Q4 24
$139.5M
$-247.1M
Q3 24
$177.1M
$-269.9M
Q2 24
$202.3M
$-8.7M
Free Cash Flow
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
$-23.6M
Q3 25
$33.7M
Q2 25
$24.7M
Q1 25
$-52.7M
Q4 24
$-252.0M
Q3 24
$-270.8M
Q2 24
$-9.3M
FCF Margin
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
-14.1%
Q3 25
19.5%
Q2 25
14.1%
Q1 25
-30.6%
Q4 24
-198.9%
Q3 24
-141.4%
Q2 24
-4.9%
Capex Intensity
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
2.9%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
3.9%
Q3 24
0.4%
Q2 24
0.3%
Cash Conversion
HPK
HPK
JRVR
JRVR
Q1 26
Q4 25
-0.59×
Q3 25
33.61×
Q2 25
5.39×
5.29×
Q1 25
4.32×
-5.38×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
-1.14×

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%

JRVR
JRVR

Segment breakdown not available.

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