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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $216.6M, roughly 1.5× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -259.7%, a 248.0% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -23.3%). Over the past eight quarters, HighPeak Energy, Inc.'s revenue compounded faster (-13.2% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
HPK vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $326.2M |
| Net Profit | $-25.2M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | -7.6% | -193.0% |
| Net Margin | -11.6% | -259.7% |
| Revenue YoY | -23.3% | -7.0% |
| Net Profit YoY | -380.7% | -277.4% |
| EPS (diluted) | $-0.16 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $188.9M | $240.3M | ||
| Q2 25 | $200.4M | $228.1M | ||
| Q1 25 | $257.4M | $384.9M | ||
| Q4 24 | $282.6M | $350.7M | ||
| Q3 24 | $271.6M | $446.0M | ||
| Q2 24 | $275.3M | $291.2M | ||
| Q1 24 | $287.8M | $609.5M |
| Q4 25 | $-25.2M | $-847.1M | ||
| Q3 25 | $-18.3M | $-263.0M | ||
| Q2 25 | $26.2M | $-546.5M | ||
| Q1 25 | $36.3M | $-175.4M | ||
| Q4 24 | $9.0M | $-224.4M | ||
| Q3 24 | $49.9M | $9.3M | ||
| Q2 24 | $29.7M | $-88.9M | ||
| Q1 24 | $6.4M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | -7.6% | -193.0% | ||
| Q3 25 | 17.3% | -37.4% | ||
| Q2 25 | 21.7% | -170.3% | ||
| Q1 25 | 35.1% | -3.3% | ||
| Q4 24 | 26.1% | 65.0% | ||
| Q3 24 | 27.0% | 17.8% | ||
| Q2 24 | 31.7% | 12.3% | ||
| Q1 24 | 35.8% | 30.4% |
| Q4 25 | -11.6% | -259.7% | ||
| Q3 25 | -9.7% | -109.4% | ||
| Q2 25 | 13.1% | -239.6% | ||
| Q1 25 | 14.1% | -45.6% | ||
| Q4 24 | 3.2% | -64.0% | ||
| Q3 24 | 18.4% | 2.1% | ||
| Q2 24 | 10.8% | -30.5% | ||
| Q1 24 | 2.2% | 8.9% |
| Q4 25 | $-0.16 | $-3.03 | ||
| Q3 25 | $-0.15 | $-0.96 | ||
| Q2 25 | $0.19 | $-1.99 | ||
| Q1 25 | $0.26 | $-0.65 | ||
| Q4 24 | $0.06 | $-1.10 | ||
| Q3 24 | $0.35 | $0.03 | ||
| Q2 24 | $0.21 | $-0.42 | ||
| Q1 24 | $0.05 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $1.2B | $8.2B |
| Stockholders' EquityBook value | $1.6B | $182.6M |
| Total Assets | $3.2B | $10.6B |
| Debt / EquityLower = less leverage | 0.75× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $226.5M | ||
| Q3 25 | $164.9M | $145.2M | ||
| Q2 25 | $21.9M | $551.1M | ||
| Q1 25 | $51.6M | $447.9M | ||
| Q4 24 | $86.6M | $492.9M | ||
| Q3 24 | $135.6M | $90.8M | ||
| Q2 24 | $157.9M | $133.0M | ||
| Q1 24 | $173.4M | $143.5M |
| Q4 25 | $1.2B | $8.2B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $8.9B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.6B | $182.6M | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $3.2B | $10.6B | ||
| Q3 25 | $3.2B | $12.0B | ||
| Q2 25 | $3.1B | $12.0B | ||
| Q1 25 | $3.1B | $13.1B | ||
| Q4 24 | $3.1B | $12.9B | ||
| Q3 24 | $3.1B | $12.0B | ||
| Q2 24 | $3.1B | $11.4B | ||
| Q1 24 | $3.1B | $10.9B |
| Q4 25 | 0.75× | 44.78× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.65× | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $-76.2M | ||
| Q3 25 | $120.2M | $-171.0M | ||
| Q2 25 | $141.2M | $-329.0M | ||
| Q1 25 | $157.1M | $-7.2M | ||
| Q4 24 | $139.5M | $445.3M | ||
| Q3 24 | $177.1M | $-20.0M | ||
| Q2 24 | $202.3M | $113.9M | ||
| Q1 24 | $171.4M | $63.0M |
| Q4 25 | — | $-134.8M | ||
| Q3 25 | — | $-231.6M | ||
| Q2 25 | — | $-726.7M | ||
| Q1 25 | — | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | — | $-367.0M | ||
| Q2 24 | — | $-493.2M | ||
| Q1 24 | — | $-457.9M |
| Q4 25 | — | -41.3% | ||
| Q3 25 | — | -96.4% | ||
| Q2 25 | — | -318.6% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | — | -169.3% | ||
| Q1 24 | — | -75.1% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 174.4% | ||
| Q1 25 | — | 66.3% | ||
| Q4 24 | — | 187.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 208.4% | ||
| Q1 24 | — | 85.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | — | ||
| Q4 24 | 15.53× | — | ||
| Q3 24 | 3.55× | -2.15× | ||
| Q2 24 | 6.81× | — | ||
| Q1 24 | 26.63× | 1.16× |
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% |
NFE
Segment breakdown not available.
