vs

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

KADANT INC is the larger business by last-quarter revenue ($271.6M vs $216.6M, roughly 1.3× HighPeak Energy, Inc.). KADANT INC runs the higher net margin — 10.2% vs -11.6%, a 21.8% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -23.3%). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% 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.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

HPK vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.3× larger
KAI
$271.6M
$216.6M
HPK
Growing faster (revenue YoY)
KAI
KAI
+23.3% gap
KAI
-0.0%
-23.3%
HPK
Higher net margin
KAI
KAI
21.8% more per $
KAI
10.2%
-11.6%
HPK
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HPK
HPK
KAI
KAI
Revenue
$216.6M
$271.6M
Net Profit
$-25.2M
$27.7M
Gross Margin
45.2%
Operating Margin
-7.6%
15.7%
Net Margin
-11.6%
10.2%
Revenue YoY
-23.3%
-0.0%
Net Profit YoY
-380.7%
-12.2%
EPS (diluted)
$-0.16
$2.35

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
KAI
KAI
Q4 25
$216.6M
Q3 25
$188.9M
$271.6M
Q2 25
$200.4M
$255.3M
Q1 25
$257.4M
$239.2M
Q4 24
$282.6M
$258.0M
Q3 24
$271.6M
$271.6M
Q2 24
$275.3M
$274.8M
Q1 24
$287.8M
$249.0M
Net Profit
HPK
HPK
KAI
KAI
Q4 25
$-25.2M
Q3 25
$-18.3M
$27.7M
Q2 25
$26.2M
$26.2M
Q1 25
$36.3M
$24.1M
Q4 24
$9.0M
$24.0M
Q3 24
$49.9M
$31.6M
Q2 24
$29.7M
$31.3M
Q1 24
$6.4M
$24.7M
Gross Margin
HPK
HPK
KAI
KAI
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
HPK
HPK
KAI
KAI
Q4 25
-7.6%
Q3 25
17.3%
15.7%
Q2 25
21.7%
15.4%
Q1 25
35.1%
14.9%
Q4 24
26.1%
14.3%
Q3 24
27.0%
18.0%
Q2 24
31.7%
17.6%
Q1 24
35.8%
14.8%
Net Margin
HPK
HPK
KAI
KAI
Q4 25
-11.6%
Q3 25
-9.7%
10.2%
Q2 25
13.1%
10.2%
Q1 25
14.1%
10.1%
Q4 24
3.2%
9.3%
Q3 24
18.4%
11.6%
Q2 24
10.8%
11.4%
Q1 24
2.2%
9.9%
EPS (diluted)
HPK
HPK
KAI
KAI
Q4 25
$-0.16
Q3 25
$-0.15
$2.35
Q2 25
$0.19
$2.22
Q1 25
$0.26
$2.04
Q4 24
$0.06
$2.04
Q3 24
$0.35
$2.68
Q2 24
$0.21
$2.66
Q1 24
$0.05
$2.10

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$162.1M
$124.5M
Total DebtLower is stronger
$1.2B
$254.6M
Stockholders' EquityBook value
$1.6B
$949.8M
Total Assets
$3.2B
$1.5B
Debt / EquityLower = less leverage
0.75×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
KAI
KAI
Q4 25
$162.1M
Q3 25
$164.9M
$124.5M
Q2 25
$21.9M
$95.3M
Q1 25
$51.6M
$91.7M
Q4 24
$86.6M
$94.7M
Q3 24
$135.6M
$88.4M
Q2 24
$157.9M
$73.8M
Q1 24
$173.4M
$81.4M
Total Debt
HPK
HPK
KAI
KAI
Q4 25
$1.2B
Q3 25
$1.2B
$254.6M
Q2 25
$1.0B
$245.7M
Q1 25
$1.0B
$273.5M
Q4 24
$1.0B
$285.2M
Q3 24
$1.1B
$323.2M
Q2 24
$1.1B
$342.0M
Q1 24
$1.1B
$306.8M
Stockholders' Equity
HPK
HPK
KAI
KAI
Q4 25
$1.6B
Q3 25
$1.6B
$949.8M
Q2 25
$1.7B
$926.0M
Q1 25
$1.6B
$876.0M
Q4 24
$1.6B
$847.1M
Q3 24
$1.6B
$851.7M
Q2 24
$1.6B
$807.7M
Q1 24
$1.5B
$782.7M
Total Assets
HPK
HPK
KAI
KAI
Q4 25
$3.2B
Q3 25
$3.2B
$1.5B
Q2 25
$3.1B
$1.5B
Q1 25
$3.1B
$1.4B
Q4 24
$3.1B
$1.4B
Q3 24
$3.1B
$1.5B
Q2 24
$3.1B
$1.5B
Q1 24
$3.1B
$1.4B
Debt / Equity
HPK
HPK
KAI
KAI
Q4 25
0.75×
Q3 25
0.73×
0.27×
Q2 25
0.62×
0.27×
Q1 25
0.63×
0.31×
Q4 24
0.65×
0.34×
Q3 24
0.67×
0.38×
Q2 24
0.70×
0.42×
Q1 24
0.73×
0.39×

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
KAI
KAI
Operating Cash FlowLast quarter
$93.1M
$47.3M
Free Cash FlowOCF − Capex
$44.1M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
KAI
KAI
Q4 25
$93.1M
Q3 25
$120.2M
$47.3M
Q2 25
$141.2M
$40.5M
Q1 25
$157.1M
$22.8M
Q4 24
$139.5M
$51.9M
Q3 24
$177.1M
$52.5M
Q2 24
$202.3M
$28.1M
Q1 24
$171.4M
$22.8M
Free Cash Flow
HPK
HPK
KAI
KAI
Q4 25
Q3 25
$44.1M
Q2 25
$36.5M
Q1 25
$19.0M
Q4 24
$46.3M
Q3 24
$48.3M
Q2 24
$23.1M
Q1 24
$16.6M
FCF Margin
HPK
HPK
KAI
KAI
Q4 25
Q3 25
16.2%
Q2 25
14.3%
Q1 25
7.9%
Q4 24
17.9%
Q3 24
17.8%
Q2 24
8.4%
Q1 24
6.7%
Capex Intensity
HPK
HPK
KAI
KAI
Q4 25
Q3 25
1.2%
Q2 25
1.6%
Q1 25
1.6%
Q4 24
2.2%
Q3 24
1.5%
Q2 24
1.8%
Q1 24
2.5%
Cash Conversion
HPK
HPK
KAI
KAI
Q4 25
Q3 25
1.70×
Q2 25
5.39×
1.55×
Q1 25
4.32×
0.95×
Q4 24
15.53×
2.16×
Q3 24
3.55×
1.66×
Q2 24
6.81×
0.90×
Q1 24
26.63×
0.92×

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%

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

Related Comparisons