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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
Madison Square Garden Entertainment Corp. is the larger business by last-quarter revenue ($424.8M vs $216.6M, roughly 2.0× HighPeak Energy, Inc.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs -11.6%, a 33.5% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs -23.3%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% 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.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
HPK vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $424.8M |
| Net Profit | $-25.2M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | -7.6% | 38.6% |
| Net Margin | -11.6% | 21.8% |
| Revenue YoY | -23.3% | 12.5% |
| Net Profit YoY | -380.7% | 22.2% |
| EPS (diluted) | $-0.16 | $1.94 |
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 | $424.8M | ||
| Q3 25 | $188.9M | $154.1M | ||
| Q2 25 | $200.4M | $145.1M | ||
| Q1 25 | $257.4M | $206.0M | ||
| Q4 24 | $282.6M | $377.6M | ||
| Q3 24 | $271.6M | $134.1M | ||
| Q2 24 | $275.3M | $177.6M | ||
| Q1 24 | $287.8M | $191.6M |
| Q4 25 | $-25.2M | $92.7M | ||
| Q3 25 | $-18.3M | $-21.7M | ||
| Q2 25 | $26.2M | $-27.2M | ||
| Q1 25 | $36.3M | $8.0M | ||
| Q4 24 | $9.0M | $75.9M | ||
| Q3 24 | $49.9M | $-19.3M | ||
| Q2 24 | $29.7M | $66.9M | ||
| Q1 24 | $6.4M | $2.8M |
| Q4 25 | -7.6% | 38.6% | ||
| Q3 25 | 17.3% | -19.3% | ||
| Q2 25 | 21.7% | -17.7% | ||
| Q1 25 | 35.1% | 13.3% | ||
| Q4 24 | 26.1% | 36.8% | ||
| Q3 24 | 27.0% | -13.8% | ||
| Q2 24 | 31.7% | -5.0% | ||
| Q1 24 | 35.8% | 8.8% |
| Q4 25 | -11.6% | 21.8% | ||
| Q3 25 | -9.7% | -14.0% | ||
| Q2 25 | 13.1% | -18.7% | ||
| Q1 25 | 14.1% | 3.9% | ||
| Q4 24 | 3.2% | 20.1% | ||
| Q3 24 | 18.4% | -14.4% | ||
| Q2 24 | 10.8% | 37.7% | ||
| Q1 24 | 2.2% | 1.5% |
| Q4 25 | $-0.16 | $1.94 | ||
| Q3 25 | $-0.15 | $-0.46 | ||
| Q2 25 | $0.19 | $-0.56 | ||
| Q1 25 | $0.26 | $0.17 | ||
| Q4 24 | $0.06 | $1.56 | ||
| Q3 24 | $0.35 | $-0.40 | ||
| Q2 24 | $0.21 | $1.32 | ||
| Q1 24 | $0.05 | $0.06 |
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 | $157.1M |
| Total DebtLower is stronger | $1.2B | $554.6M |
| Stockholders' EquityBook value | $1.6B | $36.0M |
| Total Assets | $3.2B | $1.8B |
| Debt / EquityLower = less leverage | 0.75× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $157.1M | ||
| Q3 25 | $164.9M | $29.9M | ||
| Q2 25 | $21.9M | $43.0M | ||
| Q1 25 | $51.6M | $89.0M | ||
| Q4 24 | $86.6M | $54.9M | ||
| Q3 24 | $135.6M | $37.3M | ||
| Q2 24 | $157.9M | $33.3M | ||
| Q1 24 | $173.4M | $28.0M |
| Q4 25 | $1.2B | $554.6M | ||
| Q3 25 | $1.2B | $581.7M | ||
| Q2 25 | $1.0B | $568.8M | ||
| Q1 25 | $1.0B | $577.4M | ||
| Q4 24 | $1.0B | $584.7M | ||
| Q3 24 | $1.1B | $647.0M | ||
| Q2 24 | $1.1B | $599.2M | ||
| Q1 24 | $1.1B | $602.5M |
| Q4 25 | $1.6B | $36.0M | ||
| Q3 25 | $1.6B | $-65.8M | ||
| Q2 25 | $1.7B | $-13.3M | ||
| Q1 25 | $1.6B | $9.5M | ||
| Q4 24 | $1.6B | $10.3M | ||
| Q3 24 | $1.6B | $-48.7M | ||
| Q2 24 | $1.6B | $-23.2M | ||
| Q1 24 | $1.5B | $-94.6M |
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $3.1B | $1.6B | ||
| Q1 24 | $3.1B | $1.5B |
| Q4 25 | 0.75× | 15.40× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | 60.61× | ||
| Q4 24 | 0.65× | 56.61× | ||
| 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 | $164.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $164.4M | ||
| Q3 25 | $120.2M | $19.8M | ||
| Q2 25 | $141.2M | $-27.0M | ||
| Q1 25 | $157.1M | $56.8M | ||
| Q4 24 | $139.5M | $112.9M | ||
| Q3 24 | $177.1M | $-27.4M | ||
| Q2 24 | $202.3M | $212.0K | ||
| Q1 24 | $171.4M | $5.8M |
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | 7.07× | ||
| Q4 24 | 15.53× | 1.49× | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 6.81× | 0.00× | ||
| Q1 24 | 26.63× | 2.08× |
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% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
