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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $158.6M, roughly 1.4× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -11.6%, a 82.8% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -23.3%).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

HPK vs STOK — Head-to-Head

Bigger by revenue
HPK
HPK
1.4× larger
HPK
$216.6M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3684.5% gap
STOK
3661.1%
-23.3%
HPK
Higher net margin
STOK
STOK
82.8% more per $
STOK
71.2%
-11.6%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
HPK
HPK
STOK
STOK
Revenue
$216.6M
$158.6M
Net Profit
$-25.2M
$112.9M
Gross Margin
Operating Margin
-7.6%
70.2%
Net Margin
-11.6%
71.2%
Revenue YoY
-23.3%
3661.1%
Net Profit YoY
-380.7%
528.0%
EPS (diluted)
$-0.16
$1.90

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
STOK
STOK
Q4 25
$216.6M
Q3 25
$188.9M
Q2 25
$200.4M
Q1 25
$257.4M
$158.6M
Q4 24
$282.6M
$22.6M
Q3 24
$271.6M
Q2 24
$275.3M
Q1 24
$287.8M
Net Profit
HPK
HPK
STOK
STOK
Q4 25
$-25.2M
Q3 25
$-18.3M
Q2 25
$26.2M
Q1 25
$36.3M
$112.9M
Q4 24
$9.0M
$-10.5M
Q3 24
$49.9M
Q2 24
$29.7M
Q1 24
$6.4M
Operating Margin
HPK
HPK
STOK
STOK
Q4 25
-7.6%
Q3 25
17.3%
Q2 25
21.7%
Q1 25
35.1%
70.2%
Q4 24
26.1%
-60.4%
Q3 24
27.0%
Q2 24
31.7%
Q1 24
35.8%
Net Margin
HPK
HPK
STOK
STOK
Q4 25
-11.6%
Q3 25
-9.7%
Q2 25
13.1%
Q1 25
14.1%
71.2%
Q4 24
3.2%
-46.4%
Q3 24
18.4%
Q2 24
10.8%
Q1 24
2.2%
EPS (diluted)
HPK
HPK
STOK
STOK
Q4 25
$-0.16
Q3 25
$-0.15
Q2 25
$0.19
Q1 25
$0.26
$1.90
Q4 24
$0.06
$-0.15
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$162.1M
$274.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$350.1M
Total Assets
$3.2B
$406.9M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
STOK
STOK
Q4 25
$162.1M
Q3 25
$164.9M
Q2 25
$21.9M
Q1 25
$51.6M
$274.8M
Q4 24
$86.6M
$128.0M
Q3 24
$135.6M
Q2 24
$157.9M
Q1 24
$173.4M
Total Debt
HPK
HPK
STOK
STOK
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
STOK
STOK
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$1.6B
$350.1M
Q4 24
$1.6B
$229.0M
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
HPK
HPK
STOK
STOK
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.1B
Q1 25
$3.1B
$406.9M
Q4 24
$3.1B
$271.6M
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.1B
Debt / Equity
HPK
HPK
STOK
STOK
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
STOK
STOK
Operating Cash FlowLast quarter
$93.1M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
STOK
STOK
Q4 25
$93.1M
Q3 25
$120.2M
Q2 25
$141.2M
Q1 25
$157.1M
$131.8M
Q4 24
$139.5M
$-23.2M
Q3 24
$177.1M
Q2 24
$202.3M
Q1 24
$171.4M
Free Cash Flow
HPK
HPK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
HPK
HPK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
HPK
HPK
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
HPK
HPK
STOK
STOK
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
1.17×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
6.81×
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%

STOK
STOK

Segment breakdown not available.

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