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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $134.3M, roughly 1.6× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -11.6%, a 8.4% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -23.3%). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% 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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
HPK vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $134.3M |
| Net Profit | $-25.2M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | -7.6% | -4.1% |
| Net Margin | -11.6% | -3.2% |
| Revenue YoY | -23.3% | 10.7% |
| Net Profit YoY | -380.7% | -127.3% |
| EPS (diluted) | $-0.16 | $-0.22 |
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.
| Q4 25 | $216.6M | $134.3M | ||
| Q3 25 | $188.9M | $144.3M | ||
| Q2 25 | $200.4M | $132.3M | ||
| Q1 25 | $257.4M | $135.6M | ||
| Q4 24 | $282.6M | $121.3M | ||
| Q3 24 | $271.6M | $135.4M | ||
| Q2 24 | $275.3M | $163.6M | ||
| Q1 24 | $287.8M | $161.3M |
| Q4 25 | $-25.2M | $-4.4M | ||
| Q3 25 | $-18.3M | $-2.7M | ||
| Q2 25 | $26.2M | $-1.1M | ||
| Q1 25 | $36.3M | $20.0K | ||
| Q4 24 | $9.0M | $16.0M | ||
| Q3 24 | $49.9M | $3.0M | ||
| Q2 24 | $29.7M | $3.8M | ||
| Q1 24 | $6.4M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | -7.6% | -4.1% | ||
| Q3 25 | 17.3% | 0.0% | ||
| Q2 25 | 21.7% | 0.1% | ||
| Q1 25 | 35.1% | 1.2% | ||
| Q4 24 | 26.1% | 19.0% | ||
| Q3 24 | 27.0% | 4.2% | ||
| Q2 24 | 31.7% | 5.0% | ||
| Q1 24 | 35.8% | 4.7% |
| Q4 25 | -11.6% | -3.2% | ||
| Q3 25 | -9.7% | -1.9% | ||
| Q2 25 | 13.1% | -0.8% | ||
| Q1 25 | 14.1% | 0.0% | ||
| Q4 24 | 3.2% | 13.2% | ||
| Q3 24 | 18.4% | 2.2% | ||
| Q2 24 | 10.8% | 2.3% | ||
| Q1 24 | 2.2% | 2.0% |
| Q4 25 | $-0.16 | $-0.22 | ||
| Q3 25 | $-0.15 | $-0.13 | ||
| Q2 25 | $0.19 | $-0.05 | ||
| Q1 25 | $0.26 | $0.00 | ||
| Q4 24 | $0.06 | $0.76 | ||
| Q3 24 | $0.35 | $0.14 | ||
| Q2 24 | $0.21 | $0.18 | ||
| Q1 24 | $0.05 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $162.1M | $1.5M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | $240.7M |
| Total Assets | $3.2B | $563.6M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $1.5M | ||
| Q3 25 | $164.9M | $1.2M | ||
| Q2 25 | $21.9M | $206.0K | ||
| Q1 25 | $51.6M | $183.0K | ||
| Q4 24 | $86.6M | $206.0K | ||
| Q3 24 | $135.6M | $178.0K | ||
| Q2 24 | $157.9M | $314.0K | ||
| Q1 24 | $173.4M | $314.0K |
| 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 | — |
| Q4 25 | $1.6B | $240.7M | ||
| Q3 25 | $1.6B | $244.8M | ||
| Q2 25 | $1.7B | $246.8M | ||
| Q1 25 | $1.6B | $250.0M | ||
| Q4 24 | $1.6B | $251.8M | ||
| Q3 24 | $1.6B | $238.4M | ||
| Q2 24 | $1.6B | $238.1M | ||
| Q1 24 | $1.5B | $234.0M |
| Q4 25 | $3.2B | $563.6M | ||
| Q3 25 | $3.2B | $585.6M | ||
| Q2 25 | $3.1B | $433.7M | ||
| Q1 25 | $3.1B | $447.7M | ||
| Q4 24 | $3.1B | $445.6M | ||
| Q3 24 | $3.1B | $466.0M | ||
| Q2 24 | $3.1B | $488.2M | ||
| Q1 24 | $3.1B | $499.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.1M | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $13.4M | ||
| Q3 25 | $120.2M | $1.9M | ||
| Q2 25 | $141.2M | $15.0M | ||
| Q1 25 | $157.1M | $8.3M | ||
| Q4 24 | $139.5M | $38.0M | ||
| Q3 24 | $177.1M | $17.9M | ||
| Q2 24 | $202.3M | $23.3M | ||
| Q1 24 | $171.4M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | 416.65× | ||
| Q4 24 | 15.53× | 2.38× | ||
| Q3 24 | 3.55× | 6.03× | ||
| Q2 24 | 6.81× | 6.15× | ||
| Q1 24 | 26.63× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
