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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $167.7M, roughly 1.3× Thryv Holdings, Inc.). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs -11.6%, a 14.3% gap on every dollar of revenue. On growth, Thryv Holdings, Inc. posted the faster year-over-year revenue change (-7.5% vs -23.3%). Over the past eight quarters, HighPeak Energy, Inc.'s revenue compounded faster (-13.2% CAGR vs -13.5%).

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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

HPK vs THRY — Head-to-Head

Bigger by revenue
HPK
HPK
1.3× larger
HPK
$216.6M
$167.7M
THRY
Growing faster (revenue YoY)
THRY
THRY
+15.8% gap
THRY
-7.5%
-23.3%
HPK
Higher net margin
THRY
THRY
14.3% more per $
THRY
2.7%
-11.6%
HPK
Faster 2-yr revenue CAGR
HPK
HPK
Annualised
HPK
-13.2%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
THRY
THRY
Revenue
$216.6M
$167.7M
Net Profit
$-25.2M
$4.5M
Gross Margin
65.2%
Operating Margin
-7.6%
37.3%
Net Margin
-11.6%
2.7%
Revenue YoY
-23.3%
-7.5%
Net Profit YoY
-380.7%
147.2%
EPS (diluted)
$-0.16
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$216.6M
$191.6M
Q3 25
$188.9M
$201.6M
Q2 25
$200.4M
$210.5M
Q1 25
$257.4M
$181.4M
Q4 24
$282.6M
$186.6M
Q3 24
$271.6M
$179.9M
Q2 24
$275.3M
$224.1M
Net Profit
HPK
HPK
THRY
THRY
Q1 26
$4.5M
Q4 25
$-25.2M
$-9.7M
Q3 25
$-18.3M
$5.7M
Q2 25
$26.2M
$13.9M
Q1 25
$36.3M
$-9.6M
Q4 24
$9.0M
$7.9M
Q3 24
$49.9M
$-96.1M
Q2 24
$29.7M
$5.5M
Gross Margin
HPK
HPK
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
HPK
HPK
THRY
THRY
Q1 26
37.3%
Q4 25
-7.6%
5.3%
Q3 25
17.3%
9.9%
Q2 25
21.7%
14.0%
Q1 25
35.1%
-1.7%
Q4 24
26.1%
-3.9%
Q3 24
27.0%
-49.2%
Q2 24
31.7%
14.0%
Net Margin
HPK
HPK
THRY
THRY
Q1 26
2.7%
Q4 25
-11.6%
-5.0%
Q3 25
-9.7%
2.8%
Q2 25
13.1%
6.6%
Q1 25
14.1%
-5.3%
Q4 24
3.2%
4.2%
Q3 24
18.4%
-53.4%
Q2 24
10.8%
2.5%
EPS (diluted)
HPK
HPK
THRY
THRY
Q1 26
$0.10
Q4 25
$-0.16
$-0.21
Q3 25
$-0.15
$0.13
Q2 25
$0.19
$0.31
Q1 25
$0.26
$-0.22
Q4 24
$0.06
$0.28
Q3 24
$0.35
$-2.65
Q2 24
$0.21
$0.15

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$162.1M
$8.0M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$225.4M
Total Assets
$3.2B
$693.7M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
THRY
THRY
Q1 26
$8.0M
Q4 25
$162.1M
$10.8M
Q3 25
$164.9M
$11.6M
Q2 25
$21.9M
$10.8M
Q1 25
$51.6M
$11.0M
Q4 24
$86.6M
$16.3M
Q3 24
$135.6M
$12.5M
Q2 24
$157.9M
$15.5M
Total Debt
HPK
HPK
THRY
THRY
Q1 26
Q4 25
$1.2B
$253.5M
Q3 25
$1.2B
$268.2M
Q2 25
$1.0B
$275.6M
Q1 25
$1.0B
$299.0M
Q4 24
$1.0B
$284.3M
Q3 24
$1.1B
$307.8M
Q2 24
$1.1B
$342.1M
Stockholders' Equity
HPK
HPK
THRY
THRY
Q1 26
$225.4M
Q4 25
$1.6B
$218.1M
Q3 25
$1.6B
$221.1M
Q2 25
$1.7B
$214.9M
Q1 25
$1.6B
$193.2M
Q4 24
$1.6B
$196.9M
Q3 24
$1.6B
$94.5M
Q2 24
$1.6B
$183.1M
Total Assets
HPK
HPK
THRY
THRY
Q1 26
$693.7M
Q4 25
$3.2B
$688.6M
Q3 25
$3.2B
$701.8M
Q2 25
$3.1B
$687.7M
Q1 25
$3.1B
$703.7M
Q4 24
$3.1B
$712.2M
Q3 24
$3.1B
$654.8M
Q2 24
$3.1B
$785.5M
Debt / Equity
HPK
HPK
THRY
THRY
Q1 26
Q4 25
0.75×
1.16×
Q3 25
0.73×
1.21×
Q2 25
0.62×
1.28×
Q1 25
0.63×
1.55×
Q4 24
0.65×
1.44×
Q3 24
0.67×
3.26×
Q2 24
0.70×
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$93.1M
Free Cash FlowOCF − Capex
$-5.5M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
THRY
THRY
Q1 26
Q4 25
$93.1M
$22.2M
Q3 25
$120.2M
$22.2M
Q2 25
$141.2M
$29.6M
Q1 25
$157.1M
$-10.5M
Q4 24
$139.5M
$26.1M
Q3 24
$177.1M
$36.0M
Q2 24
$202.3M
$22.2M
Free Cash Flow
HPK
HPK
THRY
THRY
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
Q2 24
$13.3M
FCF Margin
HPK
HPK
THRY
THRY
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
Q2 24
5.9%
Capex Intensity
HPK
HPK
THRY
THRY
Q1 26
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
Q2 24
4.0%
Cash Conversion
HPK
HPK
THRY
THRY
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
5.39×
2.12×
Q1 25
4.32×
Q4 24
15.53×
3.32×
Q3 24
3.55×
Q2 24
6.81×
4.01×

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%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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