vs

Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and NOODLES & Co (NDLS). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $122.1M, roughly 1.8× NOODLES & Co). NOODLES & Co runs the higher net margin — -7.5% vs -11.6%, a 4.1% gap on every dollar of revenue. On growth, NOODLES & Co posted the faster year-over-year revenue change (-4.1% vs -23.3%). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% 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.

Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.

HPK vs NDLS — Head-to-Head

Bigger by revenue
HPK
HPK
1.8× larger
HPK
$216.6M
$122.1M
NDLS
Growing faster (revenue YoY)
NDLS
NDLS
+19.2% gap
NDLS
-4.1%
-23.3%
HPK
Higher net margin
NDLS
NDLS
4.1% more per $
NDLS
-7.5%
-11.6%
HPK
Faster 2-yr revenue CAGR
NDLS
NDLS
Annualised
NDLS
-1.2%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HPK
HPK
NDLS
NDLS
Revenue
$216.6M
$122.1M
Net Profit
$-25.2M
$-9.2M
Gross Margin
Operating Margin
-7.6%
-5.2%
Net Margin
-11.6%
-7.5%
Revenue YoY
-23.3%
-4.1%
Net Profit YoY
-380.7%
32.8%
EPS (diluted)
$-0.16
$-0.20

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
NDLS
NDLS
Q4 25
$216.6M
Q3 25
$188.9M
$122.1M
Q2 25
$200.4M
$123.8M
Q1 25
$257.4M
Q4 24
$282.6M
$122.8M
Q3 24
$271.6M
$127.4M
Q2 24
$275.3M
$121.4M
Q1 24
$287.8M
$124.3M
Net Profit
HPK
HPK
NDLS
NDLS
Q4 25
$-25.2M
Q3 25
$-18.3M
$-9.2M
Q2 25
$26.2M
$-9.1M
Q1 25
$36.3M
Q4 24
$9.0M
$-6.8M
Q3 24
$49.9M
$-13.6M
Q2 24
$29.7M
$-6.1M
Q1 24
$6.4M
$-6.1M
Operating Margin
HPK
HPK
NDLS
NDLS
Q4 25
-7.6%
Q3 25
17.3%
-5.2%
Q2 25
21.7%
-5.2%
Q1 25
35.1%
Q4 24
26.1%
-3.9%
Q3 24
27.0%
-9.0%
Q2 24
31.7%
-3.4%
Q1 24
35.8%
-3.7%
Net Margin
HPK
HPK
NDLS
NDLS
Q4 25
-11.6%
Q3 25
-9.7%
-7.5%
Q2 25
13.1%
-7.3%
Q1 25
14.1%
Q4 24
3.2%
-5.5%
Q3 24
18.4%
-10.7%
Q2 24
10.8%
-5.1%
Q1 24
2.2%
-4.9%
EPS (diluted)
HPK
HPK
NDLS
NDLS
Q4 25
$-0.16
Q3 25
$-0.15
$-0.20
Q2 25
$0.19
$-0.20
Q1 25
$0.26
Q4 24
$0.06
$-0.15
Q3 24
$0.35
$-0.30
Q2 24
$0.21
$-0.14
Q1 24
$0.05
$-1.64

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$162.1M
$4.7M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$-38.9M
Total Assets
$3.2B
$280.6M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
NDLS
NDLS
Q4 25
$162.1M
Q3 25
$164.9M
$4.7M
Q2 25
$21.9M
$1.4M
Q1 25
$51.6M
Q4 24
$86.6M
$3.3M
Q3 24
$135.6M
$1.8M
Q2 24
$157.9M
$1.3M
Q1 24
$173.4M
$3.0M
Total Debt
HPK
HPK
NDLS
NDLS
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
NDLS
NDLS
Q4 25
$1.6B
Q3 25
$1.6B
$-38.9M
Q2 25
$1.7B
$-13.9M
Q1 25
$1.6B
Q4 24
$1.6B
$3.7M
Q3 24
$1.6B
$9.6M
Q2 24
$1.6B
$21.9M
Q1 24
$1.5B
$27.2M
Total Assets
HPK
HPK
NDLS
NDLS
Q4 25
$3.2B
Q3 25
$3.2B
$280.6M
Q2 25
$3.1B
$319.4M
Q1 25
$3.1B
Q4 24
$3.1B
$340.5M
Q3 24
$3.1B
$346.3M
Q2 24
$3.1B
$360.4M
Q1 24
$3.1B
$368.1M
Debt / Equity
HPK
HPK
NDLS
NDLS
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
NDLS
NDLS
Operating Cash FlowLast quarter
$93.1M
$4.3M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
NDLS
NDLS
Q4 25
$93.1M
Q3 25
$120.2M
$4.3M
Q2 25
$141.2M
$4.0M
Q1 25
$157.1M
Q4 24
$139.5M
$5.8M
Q3 24
$177.1M
$4.7M
Q2 24
$202.3M
$7.0M
Q1 24
$171.4M
$164.0K
Free Cash Flow
HPK
HPK
NDLS
NDLS
Q4 25
Q3 25
$-2.8M
Q2 25
$1.1M
Q1 25
Q4 24
$-1.3M
Q3 24
$-4.5M
Q2 24
$-1.6M
Q1 24
$-15.2M
FCF Margin
HPK
HPK
NDLS
NDLS
Q4 25
Q3 25
-2.3%
Q2 25
0.9%
Q1 25
Q4 24
-1.1%
Q3 24
-3.5%
Q2 24
-1.4%
Q1 24
-12.2%
Capex Intensity
HPK
HPK
NDLS
NDLS
Q4 25
Q3 25
5.8%
Q2 25
2.4%
Q1 25
Q4 24
5.8%
Q3 24
7.2%
Q2 24
7.1%
Q1 24
12.3%
Cash Conversion
HPK
HPK
NDLS
NDLS
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
Q1 24
26.63×

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%

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

Related Comparisons