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

Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $216.6M, roughly 1.7× HighPeak Energy, Inc.). Perion Network Ltd. runs the higher net margin — 2.1% vs -11.6%, a 13.7% gap on every dollar of revenue. Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% 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.

Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...

HPK vs PERI — Head-to-Head

Bigger by revenue
PERI
PERI
1.7× larger
PERI
$368.7M
$216.6M
HPK
Higher net margin
PERI
PERI
13.7% more per $
PERI
2.1%
-11.6%
HPK
Faster 2-yr revenue CAGR
PERI
PERI
Annualised
PERI
16.4%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HPK
HPK
PERI
PERI
Revenue
$216.6M
$368.7M
Net Profit
$-25.2M
$7.7M
Gross Margin
Operating Margin
-7.6%
2.0%
Net Margin
-11.6%
2.1%
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
PERI
PERI
Q4 25
$216.6M
Q3 25
$188.9M
$368.7M
Q2 25
$200.4M
$266.5M
Q1 25
$257.4M
$157.8M
Q4 24
$282.6M
Q3 24
$271.6M
$508.9M
Q2 24
$275.3M
$323.6M
Q1 24
$287.8M
$145.2M
Net Profit
HPK
HPK
PERI
PERI
Q4 25
$-25.2M
Q3 25
$-18.3M
$7.7M
Q2 25
$26.2M
$5.6M
Q1 25
$36.3M
$11.8M
Q4 24
$9.0M
Q3 24
$49.9M
$78.0M
Q2 24
$29.7M
$45.2M
Q1 24
$6.4M
$23.8M
Operating Margin
HPK
HPK
PERI
PERI
Q4 25
-7.6%
Q3 25
17.3%
2.0%
Q2 25
21.7%
-1.7%
Q1 25
35.1%
5.4%
Q4 24
26.1%
Q3 24
27.0%
15.1%
Q2 24
31.7%
13.7%
Q1 24
35.8%
16.9%
Net Margin
HPK
HPK
PERI
PERI
Q4 25
-11.6%
Q3 25
-9.7%
2.1%
Q2 25
13.1%
2.1%
Q1 25
14.1%
7.5%
Q4 24
3.2%
Q3 24
18.4%
15.3%
Q2 24
10.8%
14.0%
Q1 24
2.2%
16.4%
EPS (diluted)
HPK
HPK
PERI
PERI
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
PERI
PERI
Cash + ST InvestmentsLiquidity on hand
$162.1M
$156.2M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$722.9M
Total Assets
$3.2B
$915.5M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PERI
PERI
Q4 25
$162.1M
Q3 25
$164.9M
$156.2M
Q2 25
$21.9M
$156.2M
Q1 25
$51.6M
$156.2M
Q4 24
$86.6M
Q3 24
$135.6M
$187.6M
Q2 24
$157.9M
$187.6M
Q1 24
$173.4M
$187.6M
Total Debt
HPK
HPK
PERI
PERI
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
PERI
PERI
Q4 25
$1.6B
Q3 25
$1.6B
$722.9M
Q2 25
$1.7B
$722.9M
Q1 25
$1.6B
$722.9M
Q4 24
$1.6B
Q3 24
$1.6B
$718.1M
Q2 24
$1.6B
$718.1M
Q1 24
$1.5B
$718.1M
Total Assets
HPK
HPK
PERI
PERI
Q4 25
$3.2B
Q3 25
$3.2B
$915.5M
Q2 25
$3.1B
$915.5M
Q1 25
$3.1B
$915.5M
Q4 24
$3.1B
Q3 24
$3.1B
$1.1B
Q2 24
$3.1B
$1.1B
Q1 24
$3.1B
$1.1B
Debt / Equity
HPK
HPK
PERI
PERI
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
PERI
PERI
Operating Cash FlowLast quarter
$93.1M
$2.6M
Free Cash FlowOCF − Capex
$-2.9M
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PERI
PERI
Q4 25
$93.1M
Q3 25
$120.2M
$2.6M
Q2 25
$141.2M
Q1 25
$157.1M
Q4 24
$139.5M
Q3 24
$177.1M
$105.2M
Q2 24
$202.3M
Q1 24
$171.4M
$17.8M
Free Cash Flow
HPK
HPK
PERI
PERI
Q4 25
Q3 25
$-2.9M
Q2 25
Q1 25
Q4 24
Q3 24
$104.7M
Q2 24
Q1 24
$17.6M
FCF Margin
HPK
HPK
PERI
PERI
Q4 25
Q3 25
-0.8%
Q2 25
Q1 25
Q4 24
Q3 24
20.6%
Q2 24
Q1 24
12.2%
Capex Intensity
HPK
HPK
PERI
PERI
Q4 25
Q3 25
1.5%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
0.1%
Cash Conversion
HPK
HPK
PERI
PERI
Q4 25
Q3 25
0.34×
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
1.35×
Q2 24
6.81×
Q1 24
26.63×
0.75×

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%

PERI
PERI

Advertising Solutions$231.4M63%
Search Advertising$137.3M37%

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