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

PRECISION DRILLING Corp is the larger business by last-quarter revenue ($299.5M vs $216.6M, roughly 1.4× HighPeak Energy, Inc.).

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.

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.

HPK vs PDS — Head-to-Head

Bigger by revenue
PDS
PDS
1.4× larger
PDS
$299.5M
$216.6M
HPK

Income Statement — Q4 2025 vs Q4 2025

Metric
HPK
HPK
PDS
PDS
Revenue
$216.6M
$299.5M
Net Profit
$-25.2M
Gross Margin
Operating Margin
-7.6%
Net Margin
-11.6%
Revenue YoY
-23.3%
Net Profit YoY
-380.7%
EPS (diluted)
$-0.16

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
PDS
PDS
Q4 25
$216.6M
$299.5M
Q3 25
$188.9M
Q2 25
$200.4M
Q1 25
$257.4M
Q4 24
$282.6M
Q3 24
$271.6M
Q2 24
$275.3M
Q1 24
$287.8M
Net Profit
HPK
HPK
PDS
PDS
Q4 25
$-25.2M
Q3 25
$-18.3M
Q2 25
$26.2M
Q1 25
$36.3M
Q4 24
$9.0M
Q3 24
$49.9M
Q2 24
$29.7M
Q1 24
$6.4M
Operating Margin
HPK
HPK
PDS
PDS
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%
Q1 24
35.8%
Net Margin
HPK
HPK
PDS
PDS
Q4 25
-11.6%
Q3 25
-9.7%
Q2 25
13.1%
Q1 25
14.1%
Q4 24
3.2%
Q3 24
18.4%
Q2 24
10.8%
Q1 24
2.2%
EPS (diluted)
HPK
HPK
PDS
PDS
Q4 25
$-0.16
Q3 25
$-0.15
Q2 25
$0.19
Q1 25
$0.26
Q4 24
$0.06
Q3 24
$0.35
Q2 24
$0.21
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
PDS
PDS
Cash + ST InvestmentsLiquidity on hand
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PDS
PDS
Q4 25
$162.1M
Q3 25
$164.9M
Q2 25
$21.9M
Q1 25
$51.6M
Q4 24
$86.6M
Q3 24
$135.6M
Q2 24
$157.9M
Q1 24
$173.4M
Total Debt
HPK
HPK
PDS
PDS
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
PDS
PDS
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
HPK
HPK
PDS
PDS
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.1B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.1B
Debt / Equity
HPK
HPK
PDS
PDS
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
PDS
PDS
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
PDS
PDS
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
PDS
PDS
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%

PDS
PDS

Segment breakdown not available.

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