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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $162.6M, roughly 1.3× Ribbon Communications Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs -11.6%, a 66.4% gap on every dollar of revenue. On growth, Ribbon Communications Inc. posted the faster year-over-year revenue change (-10.3% vs -23.3%). Over the past eight quarters, Ribbon Communications Inc.'s revenue compounded faster (-8.1% 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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

HPK vs RBBN — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$162.6M
RBBN
Growing faster (revenue YoY)
RBBN
RBBN
+13.0% gap
RBBN
-10.3%
-23.3%
HPK
Higher net margin
RBBN
RBBN
66.4% more per $
RBBN
54.8%
-11.6%
HPK
Faster 2-yr revenue CAGR
RBBN
RBBN
Annualised
RBBN
-8.1%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
RBBN
RBBN
Revenue
$216.6M
$162.6M
Net Profit
$-25.2M
$89.1M
Gross Margin
42.9%
Operating Margin
-7.6%
37.6%
Net Margin
-11.6%
54.8%
Revenue YoY
-23.3%
-10.3%
Net Profit YoY
-380.7%
EPS (diluted)
$-0.16
$0.50

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
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$216.6M
$227.3M
Q3 25
$188.9M
$215.4M
Q2 25
$200.4M
$220.6M
Q1 25
$257.4M
$181.3M
Q4 24
$282.6M
$251.4M
Q3 24
$271.6M
$210.2M
Q2 24
$275.3M
$192.6M
Net Profit
HPK
HPK
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$-25.2M
Q3 25
$-18.3M
$-12.1M
Q2 25
$26.2M
$-11.1M
Q1 25
$36.3M
$-26.2M
Q4 24
$9.0M
Q3 24
$49.9M
$-13.4M
Q2 24
$29.7M
$-16.8M
Gross Margin
HPK
HPK
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
HPK
HPK
RBBN
RBBN
Q1 26
37.6%
Q4 25
-7.6%
4.1%
Q3 25
17.3%
1.3%
Q2 25
21.7%
1.9%
Q1 25
35.1%
-10.8%
Q4 24
26.1%
13.2%
Q3 24
27.0%
-0.4%
Q2 24
31.7%
-1.0%
Net Margin
HPK
HPK
RBBN
RBBN
Q1 26
54.8%
Q4 25
-11.6%
Q3 25
-9.7%
-5.6%
Q2 25
13.1%
-5.0%
Q1 25
14.1%
-14.5%
Q4 24
3.2%
Q3 24
18.4%
-6.4%
Q2 24
10.8%
-8.7%
EPS (diluted)
HPK
HPK
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-0.16
$0.50
Q3 25
$-0.15
$-0.07
Q2 25
$0.19
$-0.06
Q1 25
$0.26
$-0.15
Q4 24
$0.06
$0.05
Q3 24
$0.35
$-0.08
Q2 24
$0.21
$-0.10

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$162.1M
$67.6M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$419.1M
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$162.1M
$96.4M
Q3 25
$164.9M
$74.8M
Q2 25
$21.9M
$60.5M
Q1 25
$51.6M
$71.2M
Q4 24
$86.6M
$87.8M
Q3 24
$135.6M
$37.2M
Q2 24
$157.9M
$64.6M
Total Debt
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
$1.2B
$342.1M
Q3 25
$1.2B
$344.3M
Q2 25
$1.0B
$346.5M
Q1 25
$1.0B
$347.4M
Q4 24
$1.0B
$348.3M
Q3 24
$1.1B
$349.1M
Q2 24
$1.1B
$350.0M
Stockholders' Equity
HPK
HPK
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$1.6B
$449.0M
Q3 25
$1.6B
$360.1M
Q2 25
$1.7B
$370.4M
Q1 25
$1.6B
$381.8M
Q4 24
$1.6B
$404.6M
Q3 24
$1.6B
$395.5M
Q2 24
$1.6B
$405.0M
Total Assets
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
$3.2B
$1.2B
Q3 25
$3.2B
$1.1B
Q2 25
$3.1B
$1.1B
Q1 25
$3.1B
$1.1B
Q4 24
$3.1B
$1.2B
Q3 24
$3.1B
$1.1B
Q2 24
$3.1B
$1.1B
Debt / Equity
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
0.75×
0.76×
Q3 25
0.73×
0.96×
Q2 25
0.62×
0.94×
Q1 25
0.63×
0.91×
Q4 24
0.65×
0.86×
Q3 24
0.67×
0.88×
Q2 24
0.70×
0.86×

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
RBBN
RBBN
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
RBBN
RBBN
Q1 26
Q4 25
$93.1M
$29.2M
Q3 25
$120.2M
$26.5M
Q2 25
$141.2M
$-795.0K
Q1 25
$157.1M
$-3.5M
Q4 24
$139.5M
$61.8M
Q3 24
$177.1M
$-14.8M
Q2 24
$202.3M
$-9.8M
Free Cash Flow
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
$27.3M
Q3 25
$21.0M
Q2 25
$-6.5M
Q1 25
$-15.7M
Q4 24
$53.8M
Q3 24
$-23.7M
Q2 24
$-12.9M
FCF Margin
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
12.0%
Q3 25
9.7%
Q2 25
-2.9%
Q1 25
-8.7%
Q4 24
21.4%
Q3 24
-11.3%
Q2 24
-6.7%
Capex Intensity
HPK
HPK
RBBN
RBBN
Q1 26
Q4 25
0.9%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
6.7%
Q4 24
3.2%
Q3 24
4.2%
Q2 24
1.6%
Cash Conversion
HPK
HPK
RBBN
RBBN
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%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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