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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.

Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $216.6M, roughly 1.2× HighPeak Energy, Inc.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -11.6%, a 13.0% gap on every dollar of revenue. On growth, Smith Douglas Homes Corp. posted the faster year-over-year revenue change (-9.4% vs -23.3%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

HPK vs SDHC — Head-to-Head

Bigger by revenue
SDHC
SDHC
1.2× larger
SDHC
$260.4M
$216.6M
HPK
Growing faster (revenue YoY)
SDHC
SDHC
+13.9% gap
SDHC
-9.4%
-23.3%
HPK
Higher net margin
SDHC
SDHC
13.0% more per $
SDHC
1.4%
-11.6%
HPK
Faster 2-yr revenue CAGR
SDHC
SDHC
Annualised
SDHC
17.3%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
SDHC
SDHC
Revenue
$216.6M
$260.4M
Net Profit
$-25.2M
$3.5M
Gross Margin
19.9%
Operating Margin
-7.6%
6.5%
Net Margin
-11.6%
1.4%
Revenue YoY
-23.3%
-9.4%
Net Profit YoY
-380.7%
-14.3%
EPS (diluted)
$-0.16
$0.39

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
SDHC
SDHC
Q4 25
$216.6M
$260.4M
Q3 25
$188.9M
$262.0M
Q2 25
$200.4M
$223.9M
Q1 25
$257.4M
$224.7M
Q4 24
$282.6M
$287.5M
Q3 24
$271.6M
$277.8M
Q2 24
$275.3M
$220.9M
Q1 24
$287.8M
$189.2M
Net Profit
HPK
HPK
SDHC
SDHC
Q4 25
$-25.2M
$3.5M
Q3 25
$-18.3M
$2.1M
Q2 25
$26.2M
$2.4M
Q1 25
$36.3M
$2.7M
Q4 24
$9.0M
$4.1M
Q3 24
$49.9M
$5.3M
Q2 24
$29.7M
$3.6M
Q1 24
$6.4M
$3.0M
Gross Margin
HPK
HPK
SDHC
SDHC
Q4 25
19.9%
Q3 25
21.0%
Q2 25
23.2%
Q1 25
23.8%
Q4 24
25.5%
Q3 24
26.5%
Q2 24
26.7%
Q1 24
26.1%
Operating Margin
HPK
HPK
SDHC
SDHC
Q4 25
-7.6%
6.5%
Q3 25
17.3%
6.6%
Q2 25
21.7%
7.7%
Q1 25
35.1%
8.7%
Q4 24
26.1%
10.4%
Q3 24
27.0%
14.2%
Q2 24
31.7%
11.7%
Q1 24
35.8%
11.3%
Net Margin
HPK
HPK
SDHC
SDHC
Q4 25
-11.6%
1.4%
Q3 25
-9.7%
0.8%
Q2 25
13.1%
1.1%
Q1 25
14.1%
1.2%
Q4 24
3.2%
1.4%
Q3 24
18.4%
1.9%
Q2 24
10.8%
1.7%
Q1 24
2.2%
1.6%
EPS (diluted)
HPK
HPK
SDHC
SDHC
Q4 25
$-0.16
$0.39
Q3 25
$-0.15
$0.24
Q2 25
$0.19
$0.26
Q1 25
$0.26
$0.30
Q4 24
$0.06
$0.50
Q3 24
$0.35
$0.58
Q2 24
$0.21
$0.40
Q1 24
$0.05
$0.33

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
SDHC
SDHC
Cash + ST InvestmentsLiquidity on hand
$162.1M
$12.7M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$86.7M
Total Assets
$3.2B
$557.6M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
SDHC
SDHC
Q4 25
$162.1M
$12.7M
Q3 25
$164.9M
$14.8M
Q2 25
$21.9M
$16.8M
Q1 25
$51.6M
$12.7M
Q4 24
$86.6M
$22.4M
Q3 24
$135.6M
$23.7M
Q2 24
$157.9M
$17.3M
Q1 24
$173.4M
$32.8M
Total Debt
HPK
HPK
SDHC
SDHC
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
SDHC
SDHC
Q4 25
$1.6B
$86.7M
Q3 25
$1.6B
$82.2M
Q2 25
$1.7B
$80.0M
Q1 25
$1.6B
$76.9M
Q4 24
$1.6B
$73.6M
Q3 24
$1.6B
$68.4M
Q2 24
$1.6B
$62.1M
Q1 24
$1.5B
$59.7M
Total Assets
HPK
HPK
SDHC
SDHC
Q4 25
$3.2B
$557.6M
Q3 25
$3.2B
$571.6M
Q2 25
$3.1B
$570.2M
Q1 25
$3.1B
$513.9M
Q4 24
$3.1B
$475.9M
Q3 24
$3.1B
$460.1M
Q2 24
$3.1B
$429.3M
Q1 24
$3.1B
$401.3M
Debt / Equity
HPK
HPK
SDHC
SDHC
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
SDHC
SDHC
Operating Cash FlowLast quarter
$93.1M
$9.8M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$-36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
SDHC
SDHC
Q4 25
$93.1M
$9.8M
Q3 25
$120.2M
$22.8M
Q2 25
$141.2M
$-28.9M
Q1 25
$157.1M
$-34.9M
Q4 24
$139.5M
$5.5M
Q3 24
$177.1M
$22.9M
Q2 24
$202.3M
$39.0K
Q1 24
$171.4M
$-9.3M
Free Cash Flow
HPK
HPK
SDHC
SDHC
Q4 25
$8.7M
Q3 25
$21.4M
Q2 25
$-31.1M
Q1 25
$-35.9M
Q4 24
$4.8M
Q3 24
$22.3M
Q2 24
$-2.1M
Q1 24
$-9.7M
FCF Margin
HPK
HPK
SDHC
SDHC
Q4 25
3.4%
Q3 25
8.2%
Q2 25
-13.9%
Q1 25
-16.0%
Q4 24
1.7%
Q3 24
8.0%
Q2 24
-1.0%
Q1 24
-5.1%
Capex Intensity
HPK
HPK
SDHC
SDHC
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
1.0%
Q1 24
0.2%
Cash Conversion
HPK
HPK
SDHC
SDHC
Q4 25
2.77×
Q3 25
10.70×
Q2 25
5.39×
-12.24×
Q1 25
4.32×
-13.01×
Q4 24
15.53×
1.33×
Q3 24
3.55×
4.28×
Q2 24
6.81×
0.01×
Q1 24
26.63×
-3.12×

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%

SDHC
SDHC

Southeast$164.7M63%
Central$95.8M37%

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