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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $141.3M, roughly 1.5× PAMT CORP). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -20.7%, a 9.1% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -23.3%). Over the past eight quarters, PAMT CORP's revenue compounded faster (-12.0% 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.

HPK vs PAMT — Head-to-Head

Bigger by revenue
HPK
HPK
1.5× larger
HPK
$216.6M
$141.3M
PAMT
Growing faster (revenue YoY)
PAMT
PAMT
+8.2% gap
PAMT
-15.1%
-23.3%
HPK
Higher net margin
HPK
HPK
9.1% more per $
HPK
-11.6%
-20.7%
PAMT
Faster 2-yr revenue CAGR
PAMT
PAMT
Annualised
PAMT
-12.0%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
PAMT
PAMT
Revenue
$216.6M
$141.3M
Net Profit
$-25.2M
$-29.3M
Gross Margin
Operating Margin
-7.6%
-27.0%
Net Margin
-11.6%
-20.7%
Revenue YoY
-23.3%
-15.1%
Net Profit YoY
-380.7%
7.4%
EPS (diluted)
$-0.16
$-1.38

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
PAMT
PAMT
Q4 25
$216.6M
$141.3M
Q3 25
$188.9M
$150.3M
Q2 25
$200.4M
$151.1M
Q1 25
$257.4M
$155.3M
Q4 24
$282.6M
$166.5M
Q3 24
$271.6M
$182.6M
Q2 24
$275.3M
$182.9M
Q1 24
$287.8M
$182.6M
Net Profit
HPK
HPK
PAMT
PAMT
Q4 25
$-25.2M
$-29.3M
Q3 25
$-18.3M
$-5.6M
Q2 25
$26.2M
$-9.6M
Q1 25
$36.3M
$-8.1M
Q4 24
$9.0M
$-31.6M
Q3 24
$49.9M
$2.4M
Q2 24
$29.7M
$-2.9M
Q1 24
$6.4M
$281.0K
Operating Margin
HPK
HPK
PAMT
PAMT
Q4 25
-7.6%
-27.0%
Q3 25
17.3%
-3.8%
Q2 25
21.7%
-7.3%
Q1 25
35.1%
-5.9%
Q4 24
26.1%
-22.6%
Q3 24
27.0%
1.3%
Q2 24
31.7%
-0.4%
Q1 24
35.8%
-0.4%
Net Margin
HPK
HPK
PAMT
PAMT
Q4 25
-11.6%
-20.7%
Q3 25
-9.7%
-3.7%
Q2 25
13.1%
-6.4%
Q1 25
14.1%
-5.2%
Q4 24
3.2%
-19.0%
Q3 24
18.4%
1.3%
Q2 24
10.8%
-1.6%
Q1 24
2.2%
0.2%
EPS (diluted)
HPK
HPK
PAMT
PAMT
Q4 25
$-0.16
$-1.38
Q3 25
$-0.15
$-0.27
Q2 25
$0.19
$-0.46
Q1 25
$0.26
$-0.37
Q4 24
$0.06
$-1.44
Q3 24
$0.35
$0.11
Q2 24
$0.21
$-0.13
Q1 24
$0.05
$0.01

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$162.1M
$83.7M
Total DebtLower is stronger
$1.2B
$333.9M
Stockholders' EquityBook value
$1.6B
$210.5M
Total Assets
$3.2B
$697.9M
Debt / EquityLower = less leverage
0.75×
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PAMT
PAMT
Q4 25
$162.1M
$83.7M
Q3 25
$164.9M
$115.6M
Q2 25
$21.9M
$117.3M
Q1 25
$51.6M
$102.7M
Q4 24
$86.6M
$110.7M
Q3 24
$135.6M
$92.3M
Q2 24
$157.9M
$114.0M
Q1 24
$173.4M
$125.8M
Total Debt
HPK
HPK
PAMT
PAMT
Q4 25
$1.2B
$333.9M
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
$325.6M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HPK
HPK
PAMT
PAMT
Q4 25
$1.6B
$210.5M
Q3 25
$1.6B
$239.5M
Q2 25
$1.7B
$244.9M
Q1 25
$1.6B
$269.6M
Q4 24
$1.6B
$277.5M
Q3 24
$1.6B
$308.9M
Q2 24
$1.6B
$306.7M
Q1 24
$1.5B
$314.6M
Total Assets
HPK
HPK
PAMT
PAMT
Q4 25
$3.2B
$697.9M
Q3 25
$3.2B
$715.2M
Q2 25
$3.1B
$707.9M
Q1 25
$3.1B
$712.6M
Q4 24
$3.1B
$741.7M
Q3 24
$3.1B
$756.7M
Q2 24
$3.1B
$733.5M
Q1 24
$3.1B
$746.4M
Debt / Equity
HPK
HPK
PAMT
PAMT
Q4 25
0.75×
1.59×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
1.17×
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
PAMT
PAMT
Operating Cash FlowLast quarter
$93.1M
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PAMT
PAMT
Q4 25
$93.1M
$-5.8M
Q3 25
$120.2M
$5.9M
Q2 25
$141.2M
$12.2M
Q1 25
$157.1M
$5.0M
Q4 24
$139.5M
$15.2M
Q3 24
$177.1M
$15.5M
Q2 24
$202.3M
$18.7M
Q1 24
$171.4M
$9.6M
Free Cash Flow
HPK
HPK
PAMT
PAMT
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-33.6M
Q2 24
$4.1M
Q1 24
$-12.2M
FCF Margin
HPK
HPK
PAMT
PAMT
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-18.4%
Q2 24
2.2%
Q1 24
-6.7%
Capex Intensity
HPK
HPK
PAMT
PAMT
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
26.9%
Q2 24
8.0%
Q1 24
12.0%
Cash Conversion
HPK
HPK
PAMT
PAMT
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
6.44×
Q2 24
6.81×
Q1 24
26.63×
34.11×

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%

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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