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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $187.0M, roughly 1.2× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -11.6%, a 23.9% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -23.3%). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% 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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
HPK vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $187.0M |
| Net Profit | $-25.2M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | -7.6% | 20.2% |
| Net Margin | -11.6% | 12.2% |
| Revenue YoY | -23.3% | -1.6% |
| Net Profit YoY | -380.7% | 36.8% |
| EPS (diluted) | $-0.16 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $188.9M | $188.7M | ||
| Q2 25 | $200.4M | $188.8M | ||
| Q1 25 | $257.4M | $188.4M | ||
| Q4 24 | $282.6M | $190.1M | ||
| Q3 24 | $271.6M | $193.6M | ||
| Q2 24 | $275.3M | $190.4M | ||
| Q1 24 | $287.8M | $196.1M |
| Q4 25 | $-25.2M | $22.9M | ||
| Q3 25 | $-18.3M | $18.4M | ||
| Q2 25 | $26.2M | $19.5M | ||
| Q1 25 | $36.3M | $13.0M | ||
| Q4 24 | $9.0M | $16.7M | ||
| Q3 24 | $49.9M | $18.7M | ||
| Q2 24 | $29.7M | $17.1M | ||
| Q1 24 | $6.4M | $59.0M |
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | — | 70.5% | ||
| Q1 25 | — | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | -7.6% | 20.2% | ||
| Q3 25 | 17.3% | 15.8% | ||
| Q2 25 | 21.7% | 16.5% | ||
| Q1 25 | 35.1% | 11.0% | ||
| Q4 24 | 26.1% | 14.5% | ||
| Q3 24 | 27.0% | 15.8% | ||
| Q2 24 | 31.7% | 17.2% | ||
| Q1 24 | 35.8% | 48.9% |
| Q4 25 | -11.6% | 12.2% | ||
| Q3 25 | -9.7% | 9.8% | ||
| Q2 25 | 13.1% | 10.3% | ||
| Q1 25 | 14.1% | 6.9% | ||
| Q4 24 | 3.2% | 8.8% | ||
| Q3 24 | 18.4% | 9.7% | ||
| Q2 24 | 10.8% | 9.0% | ||
| Q1 24 | 2.2% | 30.1% |
| Q4 25 | $-0.16 | $0.23 | ||
| Q3 25 | $-0.15 | $0.17 | ||
| Q2 25 | $0.19 | $0.19 | ||
| Q1 25 | $0.26 | $0.10 | ||
| Q4 24 | $0.06 | $0.19 | ||
| Q3 24 | $0.35 | $0.18 | ||
| Q2 24 | $0.21 | $0.16 | ||
| Q1 24 | $0.05 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | $946.0M |
| Total Assets | $3.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $23.3M | ||
| Q3 25 | $164.9M | $26.3M | ||
| Q2 25 | $21.9M | $26.1M | ||
| Q1 25 | $51.6M | $19.3M | ||
| Q4 24 | $86.6M | $50.4M | ||
| Q3 24 | $135.6M | $69.9M | ||
| Q2 24 | $157.9M | $59.0M | ||
| Q1 24 | $173.4M | $64.2M |
| 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 | — |
| Q4 25 | $1.6B | $946.0M | ||
| Q3 25 | $1.6B | $973.1M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $986.9M | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.1B | $5.2B | ||
| Q1 25 | $3.1B | $5.3B | ||
| Q4 24 | $3.1B | $5.4B | ||
| Q3 24 | $3.1B | $5.4B | ||
| Q2 24 | $3.1B | $5.3B | ||
| Q1 24 | $3.1B | $5.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.1M | $338.5M |
| Free Cash FlowOCF − Capex | — | $299.8M |
| FCF MarginFCF / Revenue | — | 160.3% |
| Capex IntensityCapex / Revenue | — | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $338.5M | ||
| Q3 25 | $120.2M | $100.2M | ||
| Q2 25 | $141.2M | $79.9M | ||
| Q1 25 | $157.1M | $85.6M | ||
| Q4 24 | $139.5M | $363.1M | ||
| Q3 24 | $177.1M | $105.7M | ||
| Q2 24 | $202.3M | $83.2M | ||
| Q1 24 | $171.4M | $94.0M |
| Q4 25 | — | $299.8M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $79.9M | ||
| Q4 24 | — | $344.4M | ||
| Q3 24 | — | $101.8M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | — | $88.6M |
| Q4 25 | — | 160.3% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | 42.4% | ||
| Q4 24 | — | 181.2% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 41.7% | ||
| Q1 24 | — | 45.2% |
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | 5.39× | 4.10× | ||
| Q1 25 | 4.32× | 6.59× | ||
| Q4 24 | 15.53× | 21.70× | ||
| Q3 24 | 3.55× | 5.65× | ||
| Q2 24 | 6.81× | 4.88× | ||
| Q1 24 | 26.63× | 1.59× |
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% |
NSA
Segment breakdown not available.
