vs

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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $216.6M, roughly 1.2× HighPeak Energy, Inc.). MACERICH CO runs the higher net margin — -7.2% vs -11.6%, a 4.5% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% vs -23.3%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% 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.

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

HPK vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.2× larger
MAC
$261.7M
$216.6M
HPK
Growing faster (revenue YoY)
MAC
MAC
+19.0% gap
MAC
-4.4%
-23.3%
HPK
Higher net margin
MAC
MAC
4.5% more per $
MAC
-7.2%
-11.6%
HPK
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
MAC
MAC
Revenue
$216.6M
$261.7M
Net Profit
$-25.2M
$-18.8M
Gross Margin
Operating Margin
-7.6%
Net Margin
-11.6%
-7.2%
Revenue YoY
-23.3%
-4.4%
Net Profit YoY
-380.7%
91.1%
EPS (diluted)
$-0.16
$-0.08

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
MAC
MAC
Q4 25
$216.6M
$261.7M
Q3 25
$188.9M
$253.3M
Q2 25
$200.4M
$249.8M
Q1 25
$257.4M
$249.2M
Q4 24
$282.6M
$273.7M
Q3 24
$271.6M
$220.2M
Q2 24
$275.3M
$215.5M
Q1 24
$287.8M
$208.8M
Net Profit
HPK
HPK
MAC
MAC
Q4 25
$-25.2M
$-18.8M
Q3 25
$-18.3M
$-87.4M
Q2 25
$26.2M
$-40.9M
Q1 25
$36.3M
$-50.1M
Q4 24
$9.0M
$-211.2M
Q3 24
$49.9M
$-108.2M
Q2 24
$29.7M
$252.0M
Q1 24
$6.4M
$-126.7M
Operating Margin
HPK
HPK
MAC
MAC
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%
Q1 24
35.8%
Net Margin
HPK
HPK
MAC
MAC
Q4 25
-11.6%
-7.2%
Q3 25
-9.7%
-34.5%
Q2 25
13.1%
-16.4%
Q1 25
14.1%
-20.1%
Q4 24
3.2%
-77.2%
Q3 24
18.4%
-49.1%
Q2 24
10.8%
116.9%
Q1 24
2.2%
-60.7%
EPS (diluted)
HPK
HPK
MAC
MAC
Q4 25
$-0.16
$-0.08
Q3 25
$-0.15
$-0.34
Q2 25
$0.19
$-0.16
Q1 25
$0.26
$-0.20
Q4 24
$0.06
$-0.95
Q3 24
$0.35
$-0.50
Q2 24
$0.21
$1.16
Q1 24
$0.05
$-0.59

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$162.1M
$280.2M
Total DebtLower is stronger
$1.2B
$5.1B
Stockholders' EquityBook value
$1.6B
$2.4B
Total Assets
$3.2B
$8.4B
Debt / EquityLower = less leverage
0.75×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
MAC
MAC
Q4 25
$162.1M
$280.2M
Q3 25
$164.9M
$290.2M
Q2 25
$21.9M
$131.1M
Q1 25
$51.6M
$253.2M
Q4 24
$86.6M
$89.9M
Q3 24
$135.6M
$116.5M
Q2 24
$157.9M
$70.7M
Q1 24
$173.4M
$120.1M
Total Debt
HPK
HPK
MAC
MAC
Q4 25
$1.2B
$5.1B
Q3 25
$1.2B
$5.1B
Q2 25
$1.0B
$5.2B
Q1 25
$1.0B
$5.2B
Q4 24
$1.0B
$4.9B
Q3 24
$1.1B
$4.3B
Q2 24
$1.1B
$4.4B
Q1 24
$1.1B
$4.1B
Stockholders' Equity
HPK
HPK
MAC
MAC
Q4 25
$1.6B
$2.4B
Q3 25
$1.6B
$2.5B
Q2 25
$1.7B
$2.6B
Q1 25
$1.6B
$2.7B
Q4 24
$1.6B
$2.8B
Q3 24
$1.6B
$2.5B
Q2 24
$1.6B
$2.5B
Q1 24
$1.5B
$2.3B
Total Assets
HPK
HPK
MAC
MAC
Q4 25
$3.2B
$8.4B
Q3 25
$3.2B
$8.4B
Q2 25
$3.1B
$8.7B
Q1 25
$3.1B
$8.7B
Q4 24
$3.1B
$8.6B
Q3 24
$3.1B
$7.6B
Q2 24
$3.1B
$7.8B
Q1 24
$3.1B
$7.4B
Debt / Equity
HPK
HPK
MAC
MAC
Q4 25
0.75×
2.07×
Q3 25
0.73×
2.02×
Q2 25
0.62×
2.02×
Q1 25
0.63×
1.96×
Q4 24
0.65×
1.78×
Q3 24
0.67×
1.73×
Q2 24
0.70×
1.75×
Q1 24
0.73×
1.79×

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
MAC
MAC
Operating Cash FlowLast quarter
$93.1M
$50.2M
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
MAC
MAC
Q4 25
$93.1M
$50.2M
Q3 25
$120.2M
$112.4M
Q2 25
$141.2M
$70.5M
Q1 25
$157.1M
$88.5M
Q4 24
$139.5M
$54.9M
Q3 24
$177.1M
$100.0M
Q2 24
$202.3M
$67.4M
Q1 24
$171.4M
$61.1M
Cash Conversion
HPK
HPK
MAC
MAC
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
0.27×
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%

MAC
MAC

Segment breakdown not available.

Related Comparisons