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

MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $216.6M, roughly 1.7× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -27.0%, a 15.4% gap on every dollar of revenue. On growth, HighPeak Energy, Inc. posted the faster year-over-year revenue change (-23.3% vs -26.4%). Over the past eight quarters, HighPeak Energy, Inc.'s revenue compounded faster (-13.2% CAGR vs -17.7%).

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.

Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.

HPK vs MASI — Head-to-Head

Bigger by revenue
MASI
MASI
1.7× larger
MASI
$371.5M
$216.6M
HPK
Growing faster (revenue YoY)
HPK
HPK
+3.0% gap
HPK
-23.3%
-26.4%
MASI
Higher net margin
HPK
HPK
15.4% more per $
HPK
-11.6%
-27.0%
MASI
Faster 2-yr revenue CAGR
HPK
HPK
Annualised
HPK
-13.2%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HPK
HPK
MASI
MASI
Revenue
$216.6M
$371.5M
Net Profit
$-25.2M
$-100.4M
Gross Margin
62.1%
Operating Margin
-7.6%
22.5%
Net Margin
-11.6%
-27.0%
Revenue YoY
-23.3%
-26.4%
Net Profit YoY
-380.7%
-1124.5%
EPS (diluted)
$-0.16
$-1.84

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
MASI
MASI
Q4 25
$216.6M
Q3 25
$188.9M
$371.5M
Q2 25
$200.4M
$370.9M
Q1 25
$257.4M
$372.0M
Q4 24
$282.6M
$600.7M
Q3 24
$271.6M
$504.6M
Q2 24
$275.3M
$496.3M
Q1 24
$287.8M
$492.8M
Net Profit
HPK
HPK
MASI
MASI
Q4 25
$-25.2M
Q3 25
$-18.3M
$-100.4M
Q2 25
$26.2M
$51.3M
Q1 25
$36.3M
$-170.7M
Q4 24
$9.0M
$-349.6M
Q3 24
$49.9M
$9.8M
Q2 24
$29.7M
$16.0M
Q1 24
$6.4M
$18.9M
Gross Margin
HPK
HPK
MASI
MASI
Q4 25
Q3 25
62.1%
Q2 25
62.9%
Q1 25
62.9%
Q4 24
40.7%
Q3 24
52.2%
Q2 24
51.3%
Q1 24
49.0%
Operating Margin
HPK
HPK
MASI
MASI
Q4 25
-7.6%
Q3 25
17.3%
22.5%
Q2 25
21.7%
17.4%
Q1 25
35.1%
21.0%
Q4 24
26.1%
-59.8%
Q3 24
27.0%
6.0%
Q2 24
31.7%
5.7%
Q1 24
35.8%
6.9%
Net Margin
HPK
HPK
MASI
MASI
Q4 25
-11.6%
Q3 25
-9.7%
-27.0%
Q2 25
13.1%
13.8%
Q1 25
14.1%
-45.9%
Q4 24
3.2%
-58.2%
Q3 24
18.4%
1.9%
Q2 24
10.8%
3.2%
Q1 24
2.2%
3.8%
EPS (diluted)
HPK
HPK
MASI
MASI
Q4 25
$-0.16
Q3 25
$-0.15
$-1.84
Q2 25
$0.19
$0.94
Q1 25
$0.26
$-3.12
Q4 24
$0.06
$-6.54
Q3 24
$0.35
$0.18
Q2 24
$0.21
$0.29
Q1 24
$0.05
$0.35

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$162.1M
$312.3M
Total DebtLower is stronger
$1.2B
$559.1M
Stockholders' EquityBook value
$1.6B
$810.0M
Total Assets
$3.2B
$1.8B
Debt / EquityLower = less leverage
0.75×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
MASI
MASI
Q4 25
$162.1M
Q3 25
$164.9M
$312.3M
Q2 25
$21.9M
$149.6M
Q1 25
$51.6M
$130.8M
Q4 24
$86.6M
$177.6M
Q3 24
$135.6M
$158.5M
Q2 24
$157.9M
$129.6M
Q1 24
$173.4M
$157.6M
Total Debt
HPK
HPK
MASI
MASI
Q4 25
$1.2B
Q3 25
$1.2B
$559.1M
Q2 25
$1.0B
$613.7M
Q1 25
$1.0B
$651.0M
Q4 24
$1.0B
$765.2M
Q3 24
$1.1B
$772.6M
Q2 24
$1.1B
$781.6M
Q1 24
$1.1B
$876.0M
Stockholders' Equity
HPK
HPK
MASI
MASI
Q4 25
$1.6B
Q3 25
$1.6B
$810.0M
Q2 25
$1.7B
$1.0B
Q1 25
$1.6B
$946.4M
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$1.5B
Q2 24
$1.6B
$1.4B
Q1 24
$1.5B
$1.4B
Total Assets
HPK
HPK
MASI
MASI
Q4 25
$3.2B
Q3 25
$3.2B
$1.8B
Q2 25
$3.1B
$2.4B
Q1 25
$3.1B
$2.3B
Q4 24
$3.1B
$2.6B
Q3 24
$3.1B
$3.1B
Q2 24
$3.1B
$2.9B
Q1 24
$3.1B
$3.0B
Debt / Equity
HPK
HPK
MASI
MASI
Q4 25
0.75×
Q3 25
0.73×
0.69×
Q2 25
0.62×
0.59×
Q1 25
0.63×
0.69×
Q4 24
0.65×
0.73×
Q3 24
0.67×
0.53×
Q2 24
0.70×
0.57×
Q1 24
0.73×
0.64×

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
MASI
MASI
Operating Cash FlowLast quarter
$93.1M
$56.8M
Free Cash FlowOCF − Capex
$50.9M
FCF MarginFCF / Revenue
13.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
MASI
MASI
Q4 25
$93.1M
Q3 25
$120.2M
$56.8M
Q2 25
$141.2M
$69.4M
Q1 25
$157.1M
$31.1M
Q4 24
$139.5M
$50.5M
Q3 24
$177.1M
$25.6M
Q2 24
$202.3M
$74.5M
Q1 24
$171.4M
$45.8M
Free Cash Flow
HPK
HPK
MASI
MASI
Q4 25
Q3 25
$50.9M
Q2 25
$65.6M
Q1 25
$28.5M
Q4 24
$46.0M
Q3 24
$16.9M
Q2 24
$66.9M
Q1 24
$37.6M
FCF Margin
HPK
HPK
MASI
MASI
Q4 25
Q3 25
13.7%
Q2 25
17.7%
Q1 25
7.7%
Q4 24
7.7%
Q3 24
3.3%
Q2 24
13.5%
Q1 24
7.6%
Capex Intensity
HPK
HPK
MASI
MASI
Q4 25
Q3 25
1.6%
Q2 25
1.0%
Q1 25
0.7%
Q4 24
0.7%
Q3 24
1.7%
Q2 24
1.5%
Q1 24
1.7%
Cash Conversion
HPK
HPK
MASI
MASI
Q4 25
Q3 25
Q2 25
5.39×
1.35×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
2.61×
Q2 24
6.81×
4.66×
Q1 24
26.63×
2.42×

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%

MASI
MASI

Segment breakdown not available.

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