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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Madison Square Garden Sports Corp. (MSGS). Click either name above to swap in a different company.

Madison Square Garden Sports Corp. is the larger business by last-quarter revenue ($403.4M vs $216.6M, roughly 1.9× HighPeak Energy, Inc.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -11.6%, a 13.7% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -23.3%). Over the past eight quarters, Madison Square Garden Sports Corp.'s revenue compounded faster (-3.1% 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 MSGS — Head-to-Head

Bigger by revenue
MSGS
MSGS
1.9× larger
MSGS
$403.4M
$216.6M
HPK
Growing faster (revenue YoY)
MSGS
MSGS
+36.1% gap
MSGS
12.8%
-23.3%
HPK
Higher net margin
MSGS
MSGS
13.7% more per $
MSGS
2.0%
-11.6%
HPK
Faster 2-yr revenue CAGR
MSGS
MSGS
Annualised
MSGS
-3.1%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HPK
HPK
MSGS
MSGS
Revenue
$216.6M
$403.4M
Net Profit
$-25.2M
$8.2M
Gross Margin
Operating Margin
-7.6%
5.5%
Net Margin
-11.6%
2.0%
Revenue YoY
-23.3%
12.8%
Net Profit YoY
-380.7%
641.9%
EPS (diluted)
$-0.16
$0.34

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
MSGS
MSGS
Q4 25
$216.6M
$403.4M
Q3 25
$188.9M
$39.5M
Q2 25
$200.4M
$204.0M
Q1 25
$257.4M
$424.2M
Q4 24
$282.6M
$357.8M
Q3 24
$271.6M
$53.3M
Q2 24
$275.3M
$227.3M
Q1 24
$287.8M
$430.0M
Net Profit
HPK
HPK
MSGS
MSGS
Q4 25
$-25.2M
$8.2M
Q3 25
$-18.3M
$-8.8M
Q2 25
$26.2M
$-1.8M
Q1 25
$36.3M
$-14.2M
Q4 24
$9.0M
$1.1M
Q3 24
$49.9M
$-7.5M
Q2 24
$29.7M
$25.5M
Q1 24
$6.4M
$37.9M
Operating Margin
HPK
HPK
MSGS
MSGS
Q4 25
-7.6%
5.5%
Q3 25
17.3%
-69.5%
Q2 25
21.7%
-11.1%
Q1 25
35.1%
7.6%
Q4 24
26.1%
3.7%
Q3 24
27.0%
-15.5%
Q2 24
31.7%
23.0%
Q1 24
35.8%
18.5%
Net Margin
HPK
HPK
MSGS
MSGS
Q4 25
-11.6%
2.0%
Q3 25
-9.7%
-22.3%
Q2 25
13.1%
-0.9%
Q1 25
14.1%
-3.4%
Q4 24
3.2%
0.3%
Q3 24
18.4%
-14.1%
Q2 24
10.8%
11.2%
Q1 24
2.2%
8.8%
EPS (diluted)
HPK
HPK
MSGS
MSGS
Q4 25
$-0.16
$0.34
Q3 25
$-0.15
$-0.37
Q2 25
$0.19
$-0.08
Q1 25
$0.26
$-0.59
Q4 24
$0.06
$0.05
Q3 24
$0.35
$-0.31
Q2 24
$0.21
$1.07
Q1 24
$0.05
$1.57

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
MSGS
MSGS
Cash + ST InvestmentsLiquidity on hand
$162.1M
$81.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$-282.1M
Total Assets
$3.2B
$1.5B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
MSGS
MSGS
Q4 25
$162.1M
$81.3M
Q3 25
$164.9M
$48.6M
Q2 25
$21.9M
$144.6M
Q1 25
$51.6M
$96.5M
Q4 24
$86.6M
$107.8M
Q3 24
$135.6M
$52.3M
Q2 24
$157.9M
$89.1M
Q1 24
$173.4M
$40.0M
Total Debt
HPK
HPK
MSGS
MSGS
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
MSGS
MSGS
Q4 25
$1.6B
$-282.1M
Q3 25
$1.6B
$-294.2M
Q2 25
$1.7B
$-281.4M
Q1 25
$1.6B
$-283.4M
Q4 24
$1.6B
$-273.1M
Q3 24
$1.6B
$-277.5M
Q2 24
$1.6B
$-266.3M
Q1 24
$1.5B
$-294.0M
Total Assets
HPK
HPK
MSGS
MSGS
Q4 25
$3.2B
$1.5B
Q3 25
$3.2B
$1.5B
Q2 25
$3.1B
$1.5B
Q1 25
$3.1B
$1.5B
Q4 24
$3.1B
$1.4B
Q3 24
$3.1B
$1.4B
Q2 24
$3.1B
$1.3B
Q1 24
$3.1B
$1.4B
Debt / Equity
HPK
HPK
MSGS
MSGS
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
MSGS
MSGS
Operating Cash FlowLast quarter
$93.1M
$32.4M
Free Cash FlowOCF − Capex
$31.6M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
3.94×
TTM Free Cash FlowTrailing 4 quarters
$-480.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
MSGS
MSGS
Q4 25
$93.1M
$32.4M
Q3 25
$120.2M
$-85.0M
Q2 25
$141.2M
$49.7M
Q1 25
$157.1M
$6.3M
Q4 24
$139.5M
$61.8M
Q3 24
$177.1M
$-26.2M
Q2 24
$202.3M
$108.4M
Q1 24
$171.4M
$4.0M
Free Cash Flow
HPK
HPK
MSGS
MSGS
Q4 25
$31.6M
Q3 25
$-85.3M
Q2 25
$49.4M
Q1 25
$3.9M
Q4 24
$61.2M
Q3 24
$-26.5M
Q2 24
$108.0M
Q1 24
$3.9M
FCF Margin
HPK
HPK
MSGS
MSGS
Q4 25
7.8%
Q3 25
-216.3%
Q2 25
24.2%
Q1 25
0.9%
Q4 24
17.1%
Q3 24
-49.7%
Q2 24
47.5%
Q1 24
0.9%
Capex Intensity
HPK
HPK
MSGS
MSGS
Q4 25
0.2%
Q3 25
0.9%
Q2 25
0.2%
Q1 25
0.6%
Q4 24
0.1%
Q3 24
0.7%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
HPK
HPK
MSGS
MSGS
Q4 25
3.94×
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
55.61×
Q3 24
3.55×
Q2 24
6.81×
4.25×
Q1 24
26.63×
0.11×

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%

MSGS
MSGS

Event Related$167.2M41%
Media Rights$122.3M30%
Sponsorship Signage And Suite Licenses$98.5M24%
League Distribution$15.4M4%

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