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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Navigator Holdings Ltd. (NVGS). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $129.6M, roughly 1.7× Navigator Holdings Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs -11.6%, a 28.2% gap on every dollar of revenue. On growth, Navigator Holdings Ltd. posted the faster year-over-year revenue change (-11.6% vs -23.3%).

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.

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

HPK vs NVGS — Head-to-Head

Bigger by revenue
HPK
HPK
1.7× larger
HPK
$216.6M
$129.6M
NVGS
Growing faster (revenue YoY)
NVGS
NVGS
+11.7% gap
NVGS
-11.6%
-23.3%
HPK
Higher net margin
NVGS
NVGS
28.2% more per $
NVGS
16.5%
-11.6%
HPK

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
HPK
HPK
NVGS
NVGS
Revenue
$216.6M
$129.6M
Net Profit
$-25.2M
$21.5M
Gross Margin
Operating Margin
-7.6%
15.8%
Net Margin
-11.6%
16.5%
Revenue YoY
-23.3%
-11.6%
Net Profit YoY
-380.7%
-7.7%
EPS (diluted)
$-0.16
$0.31

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
NVGS
NVGS
Q4 25
$216.6M
Q3 25
$188.9M
Q2 25
$200.4M
$129.6M
Q1 25
$257.4M
Q4 24
$282.6M
Q3 24
$271.6M
Q2 24
$275.3M
$146.7M
Q1 24
$287.8M
Net Profit
HPK
HPK
NVGS
NVGS
Q4 25
$-25.2M
Q3 25
$-18.3M
Q2 25
$26.2M
$21.5M
Q1 25
$36.3M
Q4 24
$9.0M
Q3 24
$49.9M
Q2 24
$29.7M
$23.2M
Q1 24
$6.4M
Operating Margin
HPK
HPK
NVGS
NVGS
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
21.7%
15.8%
Q1 25
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
31.7%
26.9%
Q1 24
35.8%
Net Margin
HPK
HPK
NVGS
NVGS
Q4 25
-11.6%
Q3 25
-9.7%
Q2 25
13.1%
16.5%
Q1 25
14.1%
Q4 24
3.2%
Q3 24
18.4%
Q2 24
10.8%
15.8%
Q1 24
2.2%
EPS (diluted)
HPK
HPK
NVGS
NVGS
Q4 25
$-0.16
Q3 25
$-0.15
Q2 25
$0.19
$0.31
Q1 25
$0.26
Q4 24
$0.06
Q3 24
$0.35
Q2 24
$0.21
$0.32
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
NVGS
NVGS
Cash + ST InvestmentsLiquidity on hand
$162.1M
$238.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.2B
Total Assets
$3.2B
$2.4B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
NVGS
NVGS
Q4 25
$162.1M
Q3 25
$164.9M
Q2 25
$21.9M
$238.1M
Q1 25
$51.6M
Q4 24
$86.6M
Q3 24
$135.6M
Q2 24
$157.9M
Q1 24
$173.4M
Total Debt
HPK
HPK
NVGS
NVGS
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
NVGS
NVGS
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.7B
$1.2B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
$1.2B
Q1 24
$1.5B
Total Assets
HPK
HPK
NVGS
NVGS
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.1B
$2.4B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
$2.1B
Q1 24
$3.1B
Debt / Equity
HPK
HPK
NVGS
NVGS
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
NVGS
NVGS
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
NVGS
NVGS
Q4 25
$93.1M
Q3 25
$120.2M
Q2 25
$141.2M
Q1 25
$157.1M
Q4 24
$139.5M
Q3 24
$177.1M
Q2 24
$202.3M
Q1 24
$171.4M
Cash Conversion
HPK
HPK
NVGS
NVGS
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%

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

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