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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Noble Corp plc (NE). Click either name above to swap in a different company.

Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $216.6M, roughly 3.5× HighPeak Energy, Inc.). Noble Corp plc runs the higher net margin — 11.3% vs -11.6%, a 23.0% gap on every dollar of revenue. On growth, Noble Corp plc posted the faster year-over-year revenue change (-17.6% vs -23.3%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

HPK vs NE — Head-to-Head

Bigger by revenue
NE
NE
3.5× larger
NE
$764.4M
$216.6M
HPK
Growing faster (revenue YoY)
NE
NE
+5.8% gap
NE
-17.6%
-23.3%
HPK
Higher net margin
NE
NE
23.0% more per $
NE
11.3%
-11.6%
HPK
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
-13.2%
HPK

Income Statement — Q4 2025 vs Q4 2025

Metric
HPK
HPK
NE
NE
Revenue
$216.6M
$764.4M
Net Profit
$-25.2M
$86.6M
Gross Margin
Operating Margin
-7.6%
5.6%
Net Margin
-11.6%
11.3%
Revenue YoY
-23.3%
-17.6%
Net Profit YoY
-380.7%
-10.4%
EPS (diluted)
$-0.16
$0.54

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
NE
NE
Q4 25
$216.6M
$764.4M
Q3 25
$188.9M
$798.0M
Q2 25
$200.4M
$848.7M
Q1 25
$257.4M
$874.5M
Q4 24
$282.6M
$927.3M
Q3 24
$271.6M
$800.5M
Q2 24
$275.3M
$692.8M
Q1 24
$287.8M
$637.1M
Net Profit
HPK
HPK
NE
NE
Q4 25
$-25.2M
$86.6M
Q3 25
$-18.3M
$-21.1M
Q2 25
$26.2M
$42.9M
Q1 25
$36.3M
$108.3M
Q4 24
$9.0M
$96.6M
Q3 24
$49.9M
$61.2M
Q2 24
$29.7M
$195.0M
Q1 24
$6.4M
$95.5M
Operating Margin
HPK
HPK
NE
NE
Q4 25
-7.6%
5.6%
Q3 25
17.3%
6.3%
Q2 25
21.7%
15.9%
Q1 25
35.1%
21.4%
Q4 24
26.1%
18.4%
Q3 24
27.0%
14.4%
Q2 24
31.7%
30.3%
Q1 24
35.8%
16.9%
Net Margin
HPK
HPK
NE
NE
Q4 25
-11.6%
11.3%
Q3 25
-9.7%
-2.6%
Q2 25
13.1%
5.1%
Q1 25
14.1%
12.4%
Q4 24
3.2%
10.4%
Q3 24
18.4%
7.6%
Q2 24
10.8%
28.1%
Q1 24
2.2%
15.0%
EPS (diluted)
HPK
HPK
NE
NE
Q4 25
$-0.16
$0.54
Q3 25
$-0.15
$-0.13
Q2 25
$0.19
$0.27
Q1 25
$0.26
$0.67
Q4 24
$0.06
$0.56
Q3 24
$0.35
$0.40
Q2 24
$0.21
$1.34
Q1 24
$0.05
$0.66

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
NE
NE
Cash + ST InvestmentsLiquidity on hand
$162.1M
$471.4M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$4.5B
Total Assets
$3.2B
$7.5B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
NE
NE
Q4 25
$162.1M
$471.4M
Q3 25
$164.9M
$477.9M
Q2 25
$21.9M
$338.2M
Q1 25
$51.6M
$303.8M
Q4 24
$86.6M
$247.3M
Q3 24
$135.6M
$391.9M
Q2 24
$157.9M
$162.9M
Q1 24
$173.4M
$212.5M
Total Debt
HPK
HPK
NE
NE
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
NE
NE
Q4 25
$1.6B
$4.5B
Q3 25
$1.6B
$4.5B
Q2 25
$1.7B
$4.6B
Q1 25
$1.6B
$4.7B
Q4 24
$1.6B
$4.7B
Q3 24
$1.6B
$4.7B
Q2 24
$1.6B
$4.0B
Q1 24
$1.5B
$3.9B
Total Assets
HPK
HPK
NE
NE
Q4 25
$3.2B
$7.5B
Q3 25
$3.2B
$7.6B
Q2 25
$3.1B
$7.7B
Q1 25
$3.1B
$7.9B
Q4 24
$3.1B
$8.0B
Q3 24
$3.1B
$8.0B
Q2 24
$3.1B
$5.6B
Q1 24
$3.1B
$5.4B
Debt / Equity
HPK
HPK
NE
NE
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
NE
NE
Operating Cash FlowLast quarter
$93.1M
$187.1M
Free Cash FlowOCF − Capex
$35.4M
FCF MarginFCF / Revenue
4.6%
Capex IntensityCapex / Revenue
19.9%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
NE
NE
Q4 25
$93.1M
$187.1M
Q3 25
$120.2M
$277.1M
Q2 25
$141.2M
$216.4M
Q1 25
$157.1M
$271.1M
Q4 24
$139.5M
$136.2M
Q3 24
$177.1M
$283.8M
Q2 24
$202.3M
$106.8M
Q1 24
$171.4M
$128.7M
Free Cash Flow
HPK
HPK
NE
NE
Q4 25
$35.4M
Q3 25
$139.5M
Q2 25
$99.8M
Q1 25
$157.5M
Q4 24
$-4.4M
Q3 24
$156.8M
Q2 24
$-34.3M
Q1 24
$-37.9M
FCF Margin
HPK
HPK
NE
NE
Q4 25
4.6%
Q3 25
17.5%
Q2 25
11.8%
Q1 25
18.0%
Q4 24
-0.5%
Q3 24
19.6%
Q2 24
-4.9%
Q1 24
-6.0%
Capex Intensity
HPK
HPK
NE
NE
Q4 25
19.9%
Q3 25
17.3%
Q2 25
13.7%
Q1 25
13.0%
Q4 24
15.2%
Q3 24
15.9%
Q2 24
20.4%
Q1 24
26.2%
Cash Conversion
HPK
HPK
NE
NE
Q4 25
2.16×
Q3 25
Q2 25
5.39×
5.05×
Q1 25
4.32×
2.50×
Q4 24
15.53×
1.41×
Q3 24
3.55×
4.64×
Q2 24
6.81×
0.55×
Q1 24
26.63×
1.35×

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%

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

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