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

Planet Fitness, Inc. is the larger business by last-quarter revenue ($376.3M vs $216.6M, roughly 1.7× HighPeak Energy, Inc.). Planet Fitness, Inc. runs the higher net margin — 16.0% vs -11.6%, a 27.7% gap on every dollar of revenue. On growth, Planet Fitness, Inc. posted the faster year-over-year revenue change (10.5% vs -23.3%). Over the past eight quarters, Planet Fitness, Inc.'s revenue compounded faster (23.2% 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.

Planet Fitness, Inc. is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company has around 2,715 clubs, making it one of the largest fitness club franchises by number of members and locations. The franchise has locations in the United States, Canada, Panama, Mexico, Spain and Australia. It markets itself as a "Judgement Free Zone" open to all levels of gym users.

HPK vs PLNT — Head-to-Head

Bigger by revenue
PLNT
PLNT
1.7× larger
PLNT
$376.3M
$216.6M
HPK
Growing faster (revenue YoY)
PLNT
PLNT
+33.8% gap
PLNT
10.5%
-23.3%
HPK
Higher net margin
PLNT
PLNT
27.7% more per $
PLNT
16.0%
-11.6%
HPK
Faster 2-yr revenue CAGR
PLNT
PLNT
Annualised
PLNT
23.2%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
PLNT
PLNT
Revenue
$216.6M
$376.3M
Net Profit
$-25.2M
$60.4M
Gross Margin
76.0%
Operating Margin
-7.6%
28.2%
Net Margin
-11.6%
16.0%
Revenue YoY
-23.3%
10.5%
Net Profit YoY
-380.7%
28.3%
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
PLNT
PLNT
Q4 25
$216.6M
$376.3M
Q3 25
$188.9M
$330.3M
Q2 25
$200.4M
$340.9M
Q1 25
$257.4M
$276.7M
Q4 24
$282.6M
$340.4M
Q3 24
$271.6M
$292.2M
Q2 24
$275.3M
$300.9M
Q1 24
$287.8M
$248.0M
Net Profit
HPK
HPK
PLNT
PLNT
Q4 25
$-25.2M
$60.4M
Q3 25
$-18.3M
$58.8M
Q2 25
$26.2M
$58.0M
Q1 25
$36.3M
$41.9M
Q4 24
$9.0M
$47.1M
Q3 24
$49.9M
$42.0M
Q2 24
$29.7M
$48.6M
Q1 24
$6.4M
$34.3M
Gross Margin
HPK
HPK
PLNT
PLNT
Q4 25
76.0%
Q3 25
82.4%
Q2 25
82.6%
Q1 25
91.9%
Q4 24
76.4%
Q3 24
84.4%
Q2 24
82.7%
Q1 24
92.3%
Operating Margin
HPK
HPK
PLNT
PLNT
Q4 25
-7.6%
28.2%
Q3 25
17.3%
32.4%
Q2 25
21.7%
30.0%
Q1 25
35.1%
28.6%
Q4 24
26.1%
26.4%
Q3 24
27.0%
27.8%
Q2 24
31.7%
29.0%
Q1 24
35.8%
26.5%
Net Margin
HPK
HPK
PLNT
PLNT
Q4 25
-11.6%
16.0%
Q3 25
-9.7%
17.8%
Q2 25
13.1%
17.0%
Q1 25
14.1%
15.1%
Q4 24
3.2%
13.8%
Q3 24
18.4%
14.4%
Q2 24
10.8%
16.2%
Q1 24
2.2%
13.8%
EPS (diluted)
HPK
HPK
PLNT
PLNT
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
PLNT
PLNT
Cash + ST InvestmentsLiquidity on hand
$162.1M
$452.4M
Total DebtLower is stronger
$1.2B
$2.5B
Stockholders' EquityBook value
$1.6B
$-482.8M
Total Assets
$3.2B
$3.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PLNT
PLNT
Q4 25
$162.1M
$452.4M
Q3 25
$164.9M
$443.4M
Q2 25
$21.9M
$442.7M
Q1 25
$51.6M
$453.6M
Q4 24
$86.6M
$407.3M
Q3 24
$135.6M
$407.4M
Q2 24
$157.9M
$350.2M
Q1 24
$173.4M
$395.1M
Total Debt
HPK
HPK
PLNT
PLNT
Q4 25
$1.2B
$2.5B
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
Q1 24
$1.1B
$2.0B
Stockholders' Equity
HPK
HPK
PLNT
PLNT
Q4 25
$1.6B
$-482.8M
Q3 25
$1.6B
$-194.8M
Q2 25
$1.7B
$-158.7M
Q1 25
$1.6B
$-219.9M
Q4 24
$1.6B
$-215.4M
Q3 24
$1.6B
$-266.1M
Q2 24
$1.6B
$-317.7M
Q1 24
$1.5B
$-96.4M
Total Assets
HPK
HPK
PLNT
PLNT
Q4 25
$3.2B
$3.1B
Q3 25
$3.2B
$3.1B
Q2 25
$3.1B
$3.1B
Q1 25
$3.1B
$3.1B
Q4 24
$3.1B
$3.1B
Q3 24
$3.1B
$3.0B
Q2 24
$3.1B
$3.0B
Q1 24
$3.1B
$3.0B
Debt / Equity
HPK
HPK
PLNT
PLNT
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
PLNT
PLNT
Operating Cash FlowLast quarter
$93.1M
$109.1M
Free Cash FlowOCF − Capex
$59.0M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$254.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PLNT
PLNT
Q4 25
$93.1M
$109.1M
Q3 25
$120.2M
$131.5M
Q2 25
$141.2M
$44.0M
Q1 25
$157.1M
$133.9M
Q4 24
$139.5M
$49.1M
Q3 24
$177.1M
$126.8M
Q2 24
$202.3M
$78.2M
Q1 24
$171.4M
$89.7M
Free Cash Flow
HPK
HPK
PLNT
PLNT
Q4 25
$59.0M
Q3 25
$76.7M
Q2 25
$8.2M
Q1 25
$110.9M
Q4 24
$7.0M
Q3 24
$78.2M
Q2 24
$40.2M
Q1 24
$63.4M
FCF Margin
HPK
HPK
PLNT
PLNT
Q4 25
15.7%
Q3 25
23.2%
Q2 25
2.4%
Q1 25
40.1%
Q4 24
2.1%
Q3 24
26.7%
Q2 24
13.4%
Q1 24
25.6%
Capex Intensity
HPK
HPK
PLNT
PLNT
Q4 25
13.3%
Q3 25
16.6%
Q2 25
10.5%
Q1 25
8.3%
Q4 24
12.4%
Q3 24
16.6%
Q2 24
12.6%
Q1 24
10.6%
Cash Conversion
HPK
HPK
PLNT
PLNT
Q4 25
1.81×
Q3 25
2.23×
Q2 25
5.39×
0.76×
Q1 25
4.32×
3.20×
Q4 24
15.53×
1.04×
Q3 24
3.55×
3.02×
Q2 24
6.81×
1.61×
Q1 24
26.63×
2.62×

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%

PLNT
PLNT

Corporate Owned Club Segment$135.6M36%
Equipment Revenue$121.2M32%
Franchise$98.6M26%
Advertising$20.8M6%
Related Party$4.3M1%

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