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

KRONOS WORLDWIDE INC is the larger business by last-quarter revenue ($418.3M vs $216.6M, roughly 1.9× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -19.8%, a 8.2% gap on every dollar of revenue. On growth, KRONOS WORLDWIDE INC posted the faster year-over-year revenue change (-1.1% vs -23.3%). Over the past eight quarters, KRONOS WORLDWIDE INC's revenue compounded faster (-6.5% 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.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

HPK vs KRO — Head-to-Head

Bigger by revenue
KRO
KRO
1.9× larger
KRO
$418.3M
$216.6M
HPK
Growing faster (revenue YoY)
KRO
KRO
+22.2% gap
KRO
-1.1%
-23.3%
HPK
Higher net margin
HPK
HPK
8.2% more per $
HPK
-11.6%
-19.8%
KRO
Faster 2-yr revenue CAGR
KRO
KRO
Annualised
KRO
-6.5%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
KRO
KRO
Revenue
$216.6M
$418.3M
Net Profit
$-25.2M
$-82.8M
Gross Margin
-0.9%
Operating Margin
-7.6%
-15.1%
Net Margin
-11.6%
-19.8%
Revenue YoY
-23.3%
-1.1%
Net Profit YoY
-380.7%
-527.3%
EPS (diluted)
$-0.16
$-0.72

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
KRO
KRO
Q4 25
$216.6M
$418.3M
Q3 25
$188.9M
$456.9M
Q2 25
$200.4M
$494.4M
Q1 25
$257.4M
$489.8M
Q4 24
$282.6M
$423.1M
Q3 24
$271.6M
$484.7M
Q2 24
$275.3M
$500.5M
Q1 24
$287.8M
$478.8M
Net Profit
HPK
HPK
KRO
KRO
Q4 25
$-25.2M
$-82.8M
Q3 25
$-18.3M
$-37.0M
Q2 25
$26.2M
$-9.2M
Q1 25
$36.3M
$18.1M
Q4 24
$9.0M
$-13.2M
Q3 24
$49.9M
$71.8M
Q2 24
$29.7M
$19.5M
Q1 24
$6.4M
$8.1M
Gross Margin
HPK
HPK
KRO
KRO
Q4 25
-0.9%
Q3 25
10.3%
Q2 25
12.7%
Q1 25
21.8%
Q4 24
20.4%
Q3 24
20.9%
Q2 24
20.0%
Q1 24
14.9%
Operating Margin
HPK
HPK
KRO
KRO
Q4 25
-7.6%
-15.1%
Q3 25
17.3%
-4.2%
Q2 25
21.7%
1.5%
Q1 25
35.1%
7.8%
Q4 24
26.1%
6.8%
Q3 24
27.0%
8.0%
Q2 24
31.7%
7.2%
Q1 24
35.8%
4.1%
Net Margin
HPK
HPK
KRO
KRO
Q4 25
-11.6%
-19.8%
Q3 25
-9.7%
-8.1%
Q2 25
13.1%
-1.9%
Q1 25
14.1%
3.7%
Q4 24
3.2%
-3.1%
Q3 24
18.4%
14.8%
Q2 24
10.8%
3.9%
Q1 24
2.2%
1.7%
EPS (diluted)
HPK
HPK
KRO
KRO
Q4 25
$-0.16
$-0.72
Q3 25
$-0.15
$-0.32
Q2 25
$0.19
$-0.08
Q1 25
$0.26
$0.16
Q4 24
$0.06
$-0.11
Q3 24
$0.35
$0.62
Q2 24
$0.21
$0.17
Q1 24
$0.05
$0.07

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
KRO
KRO
Cash + ST InvestmentsLiquidity on hand
$162.1M
$33.2M
Total DebtLower is stronger
$1.2B
$557.4M
Stockholders' EquityBook value
$1.6B
$751.1M
Total Assets
$3.2B
$1.8B
Debt / EquityLower = less leverage
0.75×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
KRO
KRO
Q4 25
$162.1M
$33.2M
Q3 25
$164.9M
$27.7M
Q2 25
$21.9M
$18.9M
Q1 25
$51.6M
$20.5M
Q4 24
$86.6M
$106.7M
Q3 24
$135.6M
$94.8M
Q2 24
$157.9M
$133.8M
Q1 24
$173.4M
$120.7M
Total Debt
HPK
HPK
KRO
KRO
Q4 25
$1.2B
$557.4M
Q3 25
$1.2B
$626.2M
Q2 25
$1.0B
$589.3M
Q1 25
$1.0B
$557.2M
Q4 24
$1.0B
$507.4M
Q3 24
$1.1B
$554.3M
Q2 24
$1.1B
$423.7M
Q1 24
$1.1B
$426.9M
Stockholders' Equity
HPK
HPK
KRO
KRO
Q4 25
$1.6B
$751.1M
Q3 25
$1.6B
$804.7M
Q2 25
$1.7B
$846.8M
Q1 25
$1.6B
$847.0M
Q4 24
$1.6B
$817.0M
Q3 24
$1.6B
$847.4M
Q2 24
$1.6B
$774.6M
Q1 24
$1.5B
$774.4M
Total Assets
HPK
HPK
KRO
KRO
Q4 25
$3.2B
$1.8B
Q3 25
$3.2B
$1.9B
Q2 25
$3.1B
$1.9B
Q1 25
$3.1B
$1.9B
Q4 24
$3.1B
$1.9B
Q3 24
$3.1B
$1.9B
Q2 24
$3.1B
$1.7B
Q1 24
$3.1B
$1.7B
Debt / Equity
HPK
HPK
KRO
KRO
Q4 25
0.75×
0.74×
Q3 25
0.73×
0.78×
Q2 25
0.62×
0.70×
Q1 25
0.63×
0.66×
Q4 24
0.65×
0.62×
Q3 24
0.67×
0.65×
Q2 24
0.70×
0.55×
Q1 24
0.73×
0.55×

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
KRO
KRO
Operating Cash FlowLast quarter
$93.1M
$92.1M
Free Cash FlowOCF − Capex
$81.9M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
KRO
KRO
Q4 25
$93.1M
$92.1M
Q3 25
$120.2M
$-7.9M
Q2 25
$141.2M
$20.7M
Q1 25
$157.1M
$-102.4M
Q4 24
$139.5M
$49.3M
Q3 24
$177.1M
$28.3M
Q2 24
$202.3M
$38.2M
Q1 24
$171.4M
$-43.3M
Free Cash Flow
HPK
HPK
KRO
KRO
Q4 25
$81.9M
Q3 25
$-17.4M
Q2 25
$9.5M
Q1 25
$-114.4M
Q4 24
$37.0M
Q3 24
$19.2M
Q2 24
$34.8M
Q1 24
$-48.0M
FCF Margin
HPK
HPK
KRO
KRO
Q4 25
19.6%
Q3 25
-3.8%
Q2 25
1.9%
Q1 25
-23.4%
Q4 24
8.7%
Q3 24
4.0%
Q2 24
7.0%
Q1 24
-10.0%
Capex Intensity
HPK
HPK
KRO
KRO
Q4 25
2.4%
Q3 25
2.1%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
2.9%
Q3 24
1.9%
Q2 24
0.7%
Q1 24
1.0%
Cash Conversion
HPK
HPK
KRO
KRO
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
-5.66×
Q4 24
15.53×
Q3 24
3.55×
0.39×
Q2 24
6.81×
1.96×
Q1 24
26.63×
-5.35×

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%

KRO
KRO

Segment breakdown not available.

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