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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $216.6M, roughly 1.0× HighPeak Energy, Inc.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -11.6%, a 24.6% gap on every dollar of revenue. On growth, ONTO INNOVATION INC. posted the faster year-over-year revenue change (-13.5% vs -23.3%). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% 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.
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
HPK vs ONTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $218.2M |
| Net Profit | $-25.2M | $28.2M |
| Gross Margin | — | 50.7% |
| Operating Margin | -7.6% | 10.9% |
| Net Margin | -11.6% | 12.9% |
| Revenue YoY | -23.3% | -13.5% |
| Net Profit YoY | -380.7% | -46.8% |
| EPS (diluted) | $-0.16 | $0.57 |
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 | — | ||
| Q3 25 | $188.9M | $218.2M | ||
| Q2 25 | $200.4M | $253.6M | ||
| Q1 25 | $257.4M | $266.6M | ||
| Q4 24 | $282.6M | $263.9M | ||
| Q3 24 | $271.6M | $252.2M | ||
| Q2 24 | $275.3M | $242.3M | ||
| Q1 24 | $287.8M | $228.8M |
| Q4 25 | $-25.2M | — | ||
| Q3 25 | $-18.3M | $28.2M | ||
| Q2 25 | $26.2M | $33.9M | ||
| Q1 25 | $36.3M | $64.1M | ||
| Q4 24 | $9.0M | $48.8M | ||
| Q3 24 | $49.9M | $53.1M | ||
| Q2 24 | $29.7M | $52.9M | ||
| Q1 24 | $6.4M | $46.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% | ||
| Q1 24 | — | 51.7% |
| Q4 25 | -7.6% | — | ||
| Q3 25 | 17.3% | 10.9% | ||
| Q2 25 | 21.7% | 12.7% | ||
| Q1 25 | 35.1% | 23.7% | ||
| Q4 24 | 26.1% | 16.1% | ||
| Q3 24 | 27.0% | 21.0% | ||
| Q2 24 | 31.7% | 20.2% | ||
| Q1 24 | 35.8% | 18.7% |
| Q4 25 | -11.6% | — | ||
| Q3 25 | -9.7% | 12.9% | ||
| Q2 25 | 13.1% | 13.4% | ||
| Q1 25 | 14.1% | 24.0% | ||
| Q4 24 | 3.2% | 18.5% | ||
| Q3 24 | 18.4% | 21.0% | ||
| Q2 24 | 10.8% | 21.9% | ||
| Q1 24 | 2.2% | 20.5% |
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.15 | $0.57 | ||
| Q2 25 | $0.19 | $0.69 | ||
| Q1 25 | $0.26 | $1.30 | ||
| Q4 24 | $0.06 | $0.98 | ||
| Q3 24 | $0.35 | $1.07 | ||
| Q2 24 | $0.21 | $1.07 | ||
| Q1 24 | $0.05 | $0.94 |
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 | $603.1M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | $2.0B |
| Total Assets | $3.2B | $2.2B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | — | ||
| Q3 25 | $164.9M | $603.1M | ||
| Q2 25 | $21.9M | $217.5M | ||
| Q1 25 | $51.6M | $203.7M | ||
| Q4 24 | $86.6M | $212.9M | ||
| Q3 24 | $135.6M | $188.7M | ||
| Q2 24 | $157.9M | $172.6M | ||
| Q1 24 | $173.4M | $190.9M |
| 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 | — | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.5B | $1.8B |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.1B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $2.0B | ||
| Q1 24 | $3.1B | $2.0B |
| 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 | $83.4M |
| Free Cash FlowOCF − Capex | — | $82.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | — | ||
| Q3 25 | $120.2M | $83.4M | ||
| Q2 25 | $141.2M | $57.9M | ||
| Q1 25 | $157.1M | $92.0M | ||
| Q4 24 | $139.5M | $56.0M | ||
| Q3 24 | $177.1M | $67.2M | ||
| Q2 24 | $202.3M | $65.3M | ||
| Q1 24 | $171.4M | $57.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $44.2M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | — | $59.2M | ||
| Q2 24 | — | $53.0M | ||
| Q1 24 | — | $50.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 31.4% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 5.39× | 1.71× | ||
| Q1 25 | 4.32× | 1.44× | ||
| Q4 24 | 15.53× | 1.15× | ||
| Q3 24 | 3.55× | 1.27× | ||
| Q2 24 | 6.81× | 1.23× | ||
| Q1 24 | 26.63× | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
