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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -31.4%, a 19.8% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -23.3%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

HPK vs PDM — Head-to-Head

Bigger by revenue
HPK
HPK
1.5× larger
HPK
$216.6M
$143.3M
PDM
Growing faster (revenue YoY)
PDM
PDM
+23.8% gap
PDM
0.4%
-23.3%
HPK
Higher net margin
HPK
HPK
19.8% more per $
HPK
-11.6%
-31.4%
PDM
Faster 2-yr revenue CAGR
PDM
PDM
Annualised
PDM
0.0%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
PDM
PDM
Revenue
$216.6M
$143.3M
Net Profit
$-25.2M
$-45.0M
Gross Margin
Operating Margin
-7.6%
Net Margin
-11.6%
-31.4%
Revenue YoY
-23.3%
0.4%
Net Profit YoY
-380.7%
-27.9%
EPS (diluted)
$-0.16
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$216.6M
$142.9M
Q3 25
$188.9M
$139.2M
Q2 25
$200.4M
$140.3M
Q1 25
$257.4M
$142.7M
Q4 24
$282.6M
$143.2M
Q3 24
$271.6M
$139.3M
Q2 24
$275.3M
$143.3M
Net Profit
HPK
HPK
PDM
PDM
Q1 26
$-45.0M
Q4 25
$-25.2M
$-43.2M
Q3 25
$-18.3M
$-13.5M
Q2 25
$26.2M
$-16.8M
Q1 25
$36.3M
$-10.1M
Q4 24
$9.0M
$-30.0M
Q3 24
$49.9M
$-11.5M
Q2 24
$29.7M
$-9.8M
Operating Margin
HPK
HPK
PDM
PDM
Q1 26
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
21.7%
Q1 25
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
31.7%
Net Margin
HPK
HPK
PDM
PDM
Q1 26
-31.4%
Q4 25
-11.6%
-30.3%
Q3 25
-9.7%
-9.7%
Q2 25
13.1%
-12.0%
Q1 25
14.1%
-7.1%
Q4 24
3.2%
-20.9%
Q3 24
18.4%
-8.3%
Q2 24
10.8%
-6.8%
EPS (diluted)
HPK
HPK
PDM
PDM
Q1 26
$-0.10
Q4 25
$-0.16
$-0.34
Q3 25
$-0.15
$-0.11
Q2 25
$0.19
$-0.14
Q1 25
$0.26
$-0.08
Q4 24
$0.06
$-0.25
Q3 24
$0.35
$-0.09
Q2 24
$0.21
$-0.08

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$162.1M
$2.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.5B
Total Assets
$3.2B
$4.0B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PDM
PDM
Q1 26
$2.3M
Q4 25
$162.1M
$731.0K
Q3 25
$164.9M
$3.0M
Q2 25
$21.9M
$3.3M
Q1 25
$51.6M
$2.9M
Q4 24
$86.6M
$109.6M
Q3 24
$135.6M
$133.6M
Q2 24
$157.9M
$138.5M
Total Debt
HPK
HPK
PDM
PDM
Q1 26
Q4 25
$1.2B
$2.2B
Q3 25
$1.2B
$2.2B
Q2 25
$1.0B
$2.2B
Q1 25
$1.0B
$2.2B
Q4 24
$1.0B
$2.2B
Q3 24
$1.1B
$2.2B
Q2 24
$1.1B
$2.2B
Stockholders' Equity
HPK
HPK
PDM
PDM
Q1 26
$1.5B
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.5B
Q2 25
$1.7B
$1.5B
Q1 25
$1.6B
$1.6B
Q4 24
$1.6B
$1.6B
Q3 24
$1.6B
$1.6B
Q2 24
$1.6B
$1.7B
Total Assets
HPK
HPK
PDM
PDM
Q1 26
$4.0B
Q4 25
$3.2B
$4.0B
Q3 25
$3.2B
$4.0B
Q2 25
$3.1B
$4.0B
Q1 25
$3.1B
$4.0B
Q4 24
$3.1B
$4.1B
Q3 24
$3.1B
$4.1B
Q2 24
$3.1B
$4.2B
Debt / Equity
HPK
HPK
PDM
PDM
Q1 26
Q4 25
0.75×
1.49×
Q3 25
0.73×
1.43×
Q2 25
0.62×
1.41×
Q1 25
0.63×
1.40×
Q4 24
0.65×
1.40×
Q3 24
0.67×
1.36×
Q2 24
0.70×
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
110.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PDM
PDM
Q1 26
Q4 25
$93.1M
$140.6M
Q3 25
$120.2M
$35.8M
Q2 25
$141.2M
$50.1M
Q1 25
$157.1M
$3.7M
Q4 24
$139.5M
$198.1M
Q3 24
$177.1M
$42.9M
Q2 24
$202.3M
$66.8M
Capex Intensity
HPK
HPK
PDM
PDM
Q1 26
110.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
HPK
HPK
PDM
PDM
Q1 26
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×

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%

PDM
PDM

Segment breakdown not available.

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