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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -11.6%, a 18.6% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -23.3%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.

General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...

HPK vs PLOW — Head-to-Head

Bigger by revenue
HPK
HPK
1.2× larger
HPK
$216.6M
$184.5M
PLOW
Growing faster (revenue YoY)
PLOW
PLOW
+51.9% gap
PLOW
28.6%
-23.3%
HPK
Higher net margin
PLOW
PLOW
18.6% more per $
PLOW
7.0%
-11.6%
HPK
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
PLOW
PLOW
Revenue
$216.6M
$184.5M
Net Profit
$-25.2M
$12.8M
Gross Margin
26.1%
Operating Margin
-7.6%
10.5%
Net Margin
-11.6%
7.0%
Revenue YoY
-23.3%
28.6%
Net Profit YoY
-380.7%
62.3%
EPS (diluted)
$-0.16
$0.54

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
PLOW
PLOW
Q4 25
$216.6M
$184.5M
Q3 25
$188.9M
$162.1M
Q2 25
$200.4M
$194.3M
Q1 25
$257.4M
$115.1M
Q4 24
$282.6M
$143.5M
Q3 24
$271.6M
$129.4M
Q2 24
$275.3M
$199.9M
Q1 24
$287.8M
$95.7M
Net Profit
HPK
HPK
PLOW
PLOW
Q4 25
$-25.2M
$12.8M
Q3 25
$-18.3M
$8.0M
Q2 25
$26.2M
$26.0M
Q1 25
$36.3M
$148.0K
Q4 24
$9.0M
$7.9M
Q3 24
$49.9M
$32.3M
Q2 24
$29.7M
$24.3M
Q1 24
$6.4M
$-8.4M
Gross Margin
HPK
HPK
PLOW
PLOW
Q4 25
26.1%
Q3 25
23.5%
Q2 25
31.0%
Q1 25
24.5%
Q4 24
24.9%
Q3 24
23.9%
Q2 24
30.7%
Q1 24
19.8%
Operating Margin
HPK
HPK
PLOW
PLOW
Q4 25
-7.6%
10.5%
Q3 25
17.3%
8.7%
Q2 25
21.7%
19.0%
Q1 25
35.1%
2.8%
Q4 24
26.1%
9.0%
Q3 24
27.0%
35.4%
Q2 24
31.7%
18.2%
Q1 24
35.8%
-6.7%
Net Margin
HPK
HPK
PLOW
PLOW
Q4 25
-11.6%
7.0%
Q3 25
-9.7%
4.9%
Q2 25
13.1%
13.4%
Q1 25
14.1%
0.1%
Q4 24
3.2%
5.5%
Q3 24
18.4%
24.9%
Q2 24
10.8%
12.2%
Q1 24
2.2%
-8.7%
EPS (diluted)
HPK
HPK
PLOW
PLOW
Q4 25
$-0.16
$0.54
Q3 25
$-0.15
$0.33
Q2 25
$0.19
$1.09
Q1 25
$0.26
$0.00
Q4 24
$0.06
$0.35
Q3 24
$0.35
$1.36
Q2 24
$0.21
$1.02
Q1 24
$0.05
$-0.37

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$162.1M
Total DebtLower is stronger
$1.2B
$144.0M
Stockholders' EquityBook value
$1.6B
$281.4M
Total Assets
$3.2B
$626.7M
Debt / EquityLower = less leverage
0.75×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PLOW
PLOW
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
PLOW
PLOW
Q4 25
$1.2B
$144.0M
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
$147.5M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HPK
HPK
PLOW
PLOW
Q4 25
$1.6B
$281.4M
Q3 25
$1.6B
$275.3M
Q2 25
$1.7B
$273.3M
Q1 25
$1.6B
$258.9M
Q4 24
$1.6B
$264.2M
Q3 24
$1.6B
$260.8M
Q2 24
$1.6B
$236.7M
Q1 24
$1.5B
$217.2M
Total Assets
HPK
HPK
PLOW
PLOW
Q4 25
$3.2B
$626.7M
Q3 25
$3.2B
$694.9M
Q2 25
$3.1B
$671.5M
Q1 25
$3.1B
$621.0M
Q4 24
$3.1B
$590.0M
Q3 24
$3.1B
$665.6M
Q2 24
$3.1B
$617.0M
Q1 24
$3.1B
$577.1M
Debt / Equity
HPK
HPK
PLOW
PLOW
Q4 25
0.75×
0.51×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
0.56×
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
PLOW
PLOW
Operating Cash FlowLast quarter
$93.1M
$95.9M
Free Cash FlowOCF − Capex
$92.8M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PLOW
PLOW
Q4 25
$93.1M
$95.9M
Q3 25
$120.2M
$-8.5M
Q2 25
$141.2M
$-11.4M
Q1 25
$157.1M
$-1.3M
Q4 24
$139.5M
$74.4M
Q3 24
$177.1M
$-14.2M
Q2 24
$202.3M
$2.5M
Q1 24
$171.4M
$-21.6M
Free Cash Flow
HPK
HPK
PLOW
PLOW
Q4 25
$92.8M
Q3 25
$-11.4M
Q2 25
$-14.3M
Q1 25
$-3.5M
Q4 24
$70.2M
Q3 24
$-15.2M
Q2 24
$836.0K
Q1 24
$-22.4M
FCF Margin
HPK
HPK
PLOW
PLOW
Q4 25
50.3%
Q3 25
-7.1%
Q2 25
-7.4%
Q1 25
-3.0%
Q4 24
48.9%
Q3 24
-11.8%
Q2 24
0.4%
Q1 24
-23.4%
Capex Intensity
HPK
HPK
PLOW
PLOW
Q4 25
1.7%
Q3 25
1.8%
Q2 25
1.5%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
0.8%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
HPK
HPK
PLOW
PLOW
Q4 25
7.47×
Q3 25
-1.07×
Q2 25
5.39×
-0.44×
Q1 25
4.32×
-9.03×
Q4 24
15.53×
9.41×
Q3 24
3.55×
-0.44×
Q2 24
6.81×
0.10×
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%

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

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