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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $192.7M, roughly 1.1× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -11.6%, a 25.1% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -23.3%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% 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.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
HPK vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $192.7M |
| Net Profit | $-25.2M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | -7.6% | 18.0% |
| Net Margin | -11.6% | 13.4% |
| Revenue YoY | -23.3% | 12.7% |
| Net Profit YoY | -380.7% | 47.2% |
| EPS (diluted) | $-0.16 | $0.69 |
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.
| Q4 25 | $216.6M | $192.7M | ||
| Q3 25 | $188.9M | $189.9M | ||
| Q2 25 | $200.4M | $187.4M | ||
| Q1 25 | $257.4M | $181.5M | ||
| Q4 24 | $282.6M | $170.9M | ||
| Q3 24 | $271.6M | $163.7M | ||
| Q2 24 | $275.3M | $153.6M | ||
| Q1 24 | $287.8M | $149.6M |
| Q4 25 | $-25.2M | $25.8M | ||
| Q3 25 | $-18.3M | $25.6M | ||
| Q2 25 | $26.2M | $19.7M | ||
| Q1 25 | $36.3M | $22.2M | ||
| Q4 24 | $9.0M | $17.6M | ||
| Q3 24 | $49.9M | $23.5M | ||
| Q2 24 | $29.7M | $18.0M | ||
| Q1 24 | $6.4M | $18.0M |
| Q4 25 | — | 70.4% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | — | 68.5% | ||
| Q2 24 | — | 66.1% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | -7.6% | 18.0% | ||
| Q3 25 | 17.3% | 16.4% | ||
| Q2 25 | 21.7% | 14.1% | ||
| Q1 25 | 35.1% | 14.3% | ||
| Q4 24 | 26.1% | 14.5% | ||
| Q3 24 | 27.0% | 15.6% | ||
| Q2 24 | 31.7% | 15.1% | ||
| Q1 24 | 35.8% | 10.3% |
| Q4 25 | -11.6% | 13.4% | ||
| Q3 25 | -9.7% | 13.5% | ||
| Q2 25 | 13.1% | 10.5% | ||
| Q1 25 | 14.1% | 12.2% | ||
| Q4 24 | 3.2% | 10.3% | ||
| Q3 24 | 18.4% | 14.3% | ||
| Q2 24 | 10.8% | 11.7% | ||
| Q1 24 | 2.2% | 12.0% |
| Q4 25 | $-0.16 | $0.69 | ||
| Q3 25 | $-0.15 | $0.67 | ||
| Q2 25 | $0.19 | $0.52 | ||
| Q1 25 | $0.26 | $0.58 | ||
| Q4 24 | $0.06 | $0.46 | ||
| Q3 24 | $0.35 | $0.62 | ||
| Q2 24 | $0.21 | $0.48 | ||
| Q1 24 | $0.05 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $162.1M | $151.4M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | $973.9M |
| Total Assets | $3.2B | $1.2B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $151.4M | ||
| Q3 25 | $164.9M | $133.7M | ||
| Q2 25 | $21.9M | $107.6M | ||
| Q1 25 | $51.6M | $94.9M | ||
| Q4 24 | $86.6M | $241.0M | ||
| Q3 24 | $135.6M | $205.8M | ||
| Q2 24 | $157.9M | $271.8M | ||
| Q1 24 | $173.4M | $290.8M |
| 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 | — |
| Q4 25 | $1.6B | $973.9M | ||
| Q3 25 | $1.6B | $958.9M | ||
| Q2 25 | $1.7B | $949.8M | ||
| Q1 25 | $1.6B | $920.9M | ||
| Q4 24 | $1.6B | $854.7M | ||
| Q3 24 | $1.6B | $829.4M | ||
| Q2 24 | $1.6B | $703.4M | ||
| Q1 24 | $1.5B | $683.0M |
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.1B | $854.5M | ||
| Q1 24 | $3.1B | $839.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $93.1M | $45.9M |
| Free Cash FlowOCF − Capex | — | $38.2M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $45.9M | ||
| Q3 25 | $120.2M | $60.6M | ||
| Q2 25 | $141.2M | $32.3M | ||
| Q1 25 | $157.1M | $40.0M | ||
| Q4 24 | $139.5M | $40.6M | ||
| Q3 24 | $177.1M | $53.3M | ||
| Q2 24 | $202.3M | $29.4M | ||
| Q1 24 | $171.4M | $34.1M |
| Q4 25 | — | $38.2M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $48.1M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $30.5M |
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 20.4% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 5.39× | 1.64× | ||
| Q1 25 | 4.32× | 1.80× | ||
| Q4 24 | 15.53× | 2.31× | ||
| Q3 24 | 3.55× | 2.27× | ||
| Q2 24 | 6.81× | 1.63× | ||
| Q1 24 | 26.63× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
