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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Mister Car Wash, Inc. (MCW). Click either name above to swap in a different company.

Mister Car Wash, Inc. is the larger business by last-quarter revenue ($261.2M vs $216.6M, roughly 1.2× HighPeak Energy, Inc.). Mister Car Wash, Inc. runs the higher net margin — 7.7% vs -11.6%, a 19.3% gap on every dollar of revenue. On growth, Mister Car Wash, Inc. posted the faster year-over-year revenue change (4.0% vs -23.3%). Over the past eight quarters, Mister Car Wash, Inc.'s revenue compounded faster (4.5% 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.

Brown Bear Car Wash is an American car wash chain based in Washington state. Founded in Seattle in 1957, it is the 12th largest car wash chain in the United States with 49 locations as of 2021.

HPK vs MCW — Head-to-Head

Bigger by revenue
MCW
MCW
1.2× larger
MCW
$261.2M
$216.6M
HPK
Growing faster (revenue YoY)
MCW
MCW
+27.3% gap
MCW
4.0%
-23.3%
HPK
Higher net margin
MCW
MCW
19.3% more per $
MCW
7.7%
-11.6%
HPK
Faster 2-yr revenue CAGR
MCW
MCW
Annualised
MCW
4.5%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
MCW
MCW
Revenue
$216.6M
$261.2M
Net Profit
$-25.2M
$20.1M
Gross Margin
Operating Margin
-7.6%
15.8%
Net Margin
-11.6%
7.7%
Revenue YoY
-23.3%
4.0%
Net Profit YoY
-380.7%
118.9%
EPS (diluted)
$-0.16
$0.06

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
MCW
MCW
Q4 25
$216.6M
$261.2M
Q3 25
$188.9M
$263.4M
Q2 25
$200.4M
$265.4M
Q1 25
$257.4M
$261.7M
Q4 24
$282.6M
$251.2M
Q3 24
$271.6M
$249.3M
Q2 24
$275.3M
$255.0M
Q1 24
$287.8M
$239.2M
Net Profit
HPK
HPK
MCW
MCW
Q4 25
$-25.2M
$20.1M
Q3 25
$-18.3M
$27.4M
Q2 25
$26.2M
$28.6M
Q1 25
$36.3M
$27.0M
Q4 24
$9.0M
$9.2M
Q3 24
$49.9M
$22.3M
Q2 24
$29.7M
$22.1M
Q1 24
$6.4M
$16.6M
Operating Margin
HPK
HPK
MCW
MCW
Q4 25
-7.6%
15.8%
Q3 25
17.3%
19.7%
Q2 25
21.7%
20.4%
Q1 25
35.1%
20.2%
Q4 24
26.1%
12.7%
Q3 24
27.0%
19.9%
Q2 24
31.7%
21.6%
Q1 24
35.8%
17.8%
Net Margin
HPK
HPK
MCW
MCW
Q4 25
-11.6%
7.7%
Q3 25
-9.7%
10.4%
Q2 25
13.1%
10.8%
Q1 25
14.1%
10.3%
Q4 24
3.2%
3.7%
Q3 24
18.4%
9.0%
Q2 24
10.8%
8.7%
Q1 24
2.2%
7.0%
EPS (diluted)
HPK
HPK
MCW
MCW
Q4 25
$-0.16
$0.06
Q3 25
$-0.15
$0.08
Q2 25
$0.19
$0.09
Q1 25
$0.26
$0.08
Q4 24
$0.06
$0.02
Q3 24
$0.35
$0.07
Q2 24
$0.21
$0.07
Q1 24
$0.05
$0.05

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
MCW
MCW
Cash + ST InvestmentsLiquidity on hand
$162.1M
$28.4M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.1B
Total Assets
$3.2B
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
MCW
MCW
Q4 25
$162.1M
$28.4M
Q3 25
$164.9M
$35.7M
Q2 25
$21.9M
$26.4M
Q1 25
$51.6M
$39.1M
Q4 24
$86.6M
$67.5M
Q3 24
$135.6M
$16.5M
Q2 24
$157.9M
$3.6M
Q1 24
$173.4M
$10.7M
Total Debt
HPK
HPK
MCW
MCW
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
Q1 24
$1.1B
Stockholders' Equity
HPK
HPK
MCW
MCW
Q4 25
$1.6B
$1.1B
Q3 25
$1.6B
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.6B
$1.0B
Q4 24
$1.6B
$998.4M
Q3 24
$1.6B
$979.4M
Q2 24
$1.6B
$949.4M
Q1 24
$1.5B
$928.7M
Total Assets
HPK
HPK
MCW
MCW
Q4 25
$3.2B
$3.2B
Q3 25
$3.2B
$3.1B
Q2 25
$3.1B
$3.1B
Q1 25
$3.1B
$3.1B
Q4 24
$3.1B
$3.1B
Q3 24
$3.1B
$3.0B
Q2 24
$3.1B
$3.0B
Q1 24
$3.1B
$2.9B
Debt / Equity
HPK
HPK
MCW
MCW
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×
Q1 24
0.73×

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
MCW
MCW
Operating Cash FlowLast quarter
$93.1M
$60.0M
Free Cash FlowOCF − Capex
$-16.8M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
29.4%
Cash ConversionOCF / Net Profit
2.99×
TTM Free Cash FlowTrailing 4 quarters
$30.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
MCW
MCW
Q4 25
$93.1M
$60.0M
Q3 25
$120.2M
$91.4M
Q2 25
$141.2M
$46.8M
Q1 25
$157.1M
$87.5M
Q4 24
$139.5M
$49.8M
Q3 24
$177.1M
$80.0M
Q2 24
$202.3M
$60.9M
Q1 24
$171.4M
$58.0M
Free Cash Flow
HPK
HPK
MCW
MCW
Q4 25
$-16.8M
Q3 25
$25.8M
Q2 25
$-11.2M
Q1 25
$32.5M
Q4 24
$-20.4M
Q3 24
$-16.8M
Q2 24
$-20.4M
Q1 24
$-23.9M
FCF Margin
HPK
HPK
MCW
MCW
Q4 25
-6.4%
Q3 25
9.8%
Q2 25
-4.2%
Q1 25
12.4%
Q4 24
-8.1%
Q3 24
-6.8%
Q2 24
-8.0%
Q1 24
-10.0%
Capex Intensity
HPK
HPK
MCW
MCW
Q4 25
29.4%
Q3 25
24.9%
Q2 25
21.9%
Q1 25
21.1%
Q4 24
27.9%
Q3 24
38.8%
Q2 24
31.9%
Q1 24
34.2%
Cash Conversion
HPK
HPK
MCW
MCW
Q4 25
2.99×
Q3 25
3.33×
Q2 25
5.39×
1.64×
Q1 25
4.32×
3.24×
Q4 24
15.53×
5.43×
Q3 24
3.55×
3.58×
Q2 24
6.81×
2.76×
Q1 24
26.63×
3.49×

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%

MCW
MCW

Transferred Over Time$205.7M79%
Transferred At Point In Time$55.2M21%

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