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

Bio-Techne is the larger business by last-quarter revenue ($311.4M vs $216.6M, roughly 1.4× HighPeak Energy, Inc.). Bio-Techne runs the higher net margin — 16.4% vs -11.6%, a 28.0% gap on every dollar of revenue. On growth, Bio-Techne posted the faster year-over-year revenue change (-1.5% vs -23.3%). Over the past eight quarters, Bio-Techne's revenue compounded faster (1.3% 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.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

HPK vs TECH — Head-to-Head

Bigger by revenue
TECH
TECH
1.4× larger
TECH
$311.4M
$216.6M
HPK
Growing faster (revenue YoY)
TECH
TECH
+21.8% gap
TECH
-1.5%
-23.3%
HPK
Higher net margin
TECH
TECH
28.0% more per $
TECH
16.4%
-11.6%
HPK
Faster 2-yr revenue CAGR
TECH
TECH
Annualised
TECH
1.3%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HPK
HPK
TECH
TECH
Revenue
$216.6M
$311.4M
Net Profit
$-25.2M
$51.0M
Gross Margin
66.9%
Operating Margin
-7.6%
24.2%
Net Margin
-11.6%
16.4%
Revenue YoY
-23.3%
-1.5%
Net Profit YoY
-380.7%
126.0%
EPS (diluted)
$-0.16
$0.32

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
TECH
TECH
Q1 26
$311.4M
Q4 25
$216.6M
$295.9M
Q3 25
$188.9M
Q2 25
$200.4M
$317.0M
Q1 25
$257.4M
$316.2M
Q4 24
$282.6M
$297.0M
Q3 24
$271.6M
$289.5M
Q2 24
$275.3M
$306.1M
Net Profit
HPK
HPK
TECH
TECH
Q1 26
$51.0M
Q4 25
$-25.2M
$38.0M
Q3 25
$-18.3M
Q2 25
$26.2M
$-17.7M
Q1 25
$36.3M
$22.6M
Q4 24
$9.0M
$34.9M
Q3 24
$49.9M
$33.6M
Q2 24
$29.7M
$40.6M
Gross Margin
HPK
HPK
TECH
TECH
Q1 26
66.9%
Q4 25
64.6%
Q3 25
Q2 25
62.7%
Q1 25
67.9%
Q4 24
65.3%
Q3 24
63.2%
Q2 24
66.4%
Operating Margin
HPK
HPK
TECH
TECH
Q1 26
24.2%
Q4 25
-7.6%
18.4%
Q3 25
17.3%
Q2 25
21.7%
-7.5%
Q1 25
35.1%
12.2%
Q4 24
26.1%
16.0%
Q3 24
27.0%
13.8%
Q2 24
31.7%
15.0%
Net Margin
HPK
HPK
TECH
TECH
Q1 26
16.4%
Q4 25
-11.6%
12.8%
Q3 25
-9.7%
Q2 25
13.1%
-5.6%
Q1 25
14.1%
7.1%
Q4 24
3.2%
11.7%
Q3 24
18.4%
11.6%
Q2 24
10.8%
13.3%
EPS (diluted)
HPK
HPK
TECH
TECH
Q1 26
$0.32
Q4 25
$-0.16
$0.24
Q3 25
$-0.15
Q2 25
$0.19
$-0.11
Q1 25
$0.26
$0.14
Q4 24
$0.06
$0.22
Q3 24
$0.35
$0.21
Q2 24
$0.21
$0.26

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
TECH
TECH
Cash + ST InvestmentsLiquidity on hand
$162.1M
$209.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$2.1B
Total Assets
$3.2B
$2.6B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
TECH
TECH
Q1 26
$209.8M
Q4 25
$162.1M
$172.9M
Q3 25
$164.9M
Q2 25
$21.9M
$162.2M
Q1 25
$51.6M
$140.7M
Q4 24
$86.6M
$177.5M
Q3 24
$135.6M
$187.5M
Q2 24
$157.9M
$152.9M
Total Debt
HPK
HPK
TECH
TECH
Q1 26
Q4 25
$1.2B
$260.0M
Q3 25
$1.2B
Q2 25
$1.0B
$346.0M
Q1 25
$1.0B
$330.0M
Q4 24
$1.0B
$300.0M
Q3 24
$1.1B
$300.0M
Q2 24
$1.1B
$319.0M
Stockholders' Equity
HPK
HPK
TECH
TECH
Q1 26
$2.1B
Q4 25
$1.6B
$2.0B
Q3 25
$1.6B
Q2 25
$1.7B
$1.9B
Q1 25
$1.6B
$2.0B
Q4 24
$1.6B
$2.1B
Q3 24
$1.6B
$2.1B
Q2 24
$1.6B
$2.1B
Total Assets
HPK
HPK
TECH
TECH
Q1 26
$2.6B
Q4 25
$3.2B
$2.5B
Q3 25
$3.2B
Q2 25
$3.1B
$2.6B
Q1 25
$3.1B
$2.6B
Q4 24
$3.1B
$2.7B
Q3 24
$3.1B
$2.7B
Q2 24
$3.1B
$2.7B
Debt / Equity
HPK
HPK
TECH
TECH
Q1 26
Q4 25
0.75×
0.13×
Q3 25
0.73×
Q2 25
0.62×
0.18×
Q1 25
0.63×
0.16×
Q4 24
0.65×
0.14×
Q3 24
0.67×
0.14×
Q2 24
0.70×
0.15×

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
TECH
TECH
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
TECH
TECH
Q1 26
Q4 25
$93.1M
Q3 25
$120.2M
Q2 25
$141.2M
$98.2M
Q1 25
$157.1M
$41.1M
Q4 24
$139.5M
$84.3M
Q3 24
$177.1M
$63.9M
Q2 24
$202.3M
$75.5M
Free Cash Flow
HPK
HPK
TECH
TECH
Q1 26
Q4 25
Q3 25
Q2 25
$93.3M
Q1 25
$31.0M
Q4 24
$77.5M
Q3 24
$54.7M
Q2 24
$57.5M
FCF Margin
HPK
HPK
TECH
TECH
Q1 26
Q4 25
Q3 25
Q2 25
29.4%
Q1 25
9.8%
Q4 24
26.1%
Q3 24
18.9%
Q2 24
18.8%
Capex Intensity
HPK
HPK
TECH
TECH
Q1 26
Q4 25
Q3 25
Q2 25
1.5%
Q1 25
3.2%
Q4 24
2.3%
Q3 24
3.2%
Q2 24
5.9%
Cash Conversion
HPK
HPK
TECH
TECH
Q1 26
Q4 25
Q3 25
Q2 25
5.39×
Q1 25
4.32×
1.82×
Q4 24
15.53×
2.42×
Q3 24
3.55×
1.90×
Q2 24
6.81×
1.86×

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%

TECH
TECH

Protein Sciences segment revenue$226.2M73%
Diagnostics and Spatial Biology segment revenue$85.6M27%
Other revenue (1)$5.4M2%

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