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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $121.0M, roughly 1.8× Turning Point Brands, Inc.). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs -11.6%, a 18.4% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs -23.3%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% 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.

Turning Point Australia (TPAUS) is a conservative lobby group based in Australia, affiliated with Turning Point USA but independent of it. Founded by Joel Jammal and first registered in 2023, the group has become active in trying to influence the outcome of the 2026 South Australian state election in March 2026.

HPK vs TPB — Head-to-Head

Bigger by revenue
HPK
HPK
1.8× larger
HPK
$216.6M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+52.5% gap
TPB
29.2%
-23.3%
HPK
Higher net margin
TPB
TPB
18.4% more per $
TPB
6.8%
-11.6%
HPK
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
TPB
TPB
Revenue
$216.6M
$121.0M
Net Profit
$-25.2M
$8.2M
Gross Margin
55.9%
Operating Margin
-7.6%
16.5%
Net Margin
-11.6%
6.8%
Revenue YoY
-23.3%
29.2%
Net Profit YoY
-380.7%
239.8%
EPS (diluted)
$-0.16
$0.40

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
TPB
TPB
Q4 25
$216.6M
$121.0M
Q3 25
$188.9M
$119.0M
Q2 25
$200.4M
$116.6M
Q1 25
$257.4M
$106.4M
Q4 24
$282.6M
$93.7M
Q3 24
$271.6M
$90.7M
Q2 24
$275.3M
$93.2M
Q1 24
$287.8M
$83.1M
Net Profit
HPK
HPK
TPB
TPB
Q4 25
$-25.2M
$8.2M
Q3 25
$-18.3M
$21.1M
Q2 25
$26.2M
$14.5M
Q1 25
$36.3M
$14.4M
Q4 24
$9.0M
$2.4M
Q3 24
$49.9M
$12.4M
Q2 24
$29.7M
$13.0M
Q1 24
$6.4M
$12.0M
Gross Margin
HPK
HPK
TPB
TPB
Q4 25
55.9%
Q3 25
59.2%
Q2 25
57.1%
Q1 25
56.0%
Q4 24
56.0%
Q3 24
55.6%
Q2 24
54.1%
Q1 24
58.2%
Operating Margin
HPK
HPK
TPB
TPB
Q4 25
-7.6%
16.5%
Q3 25
17.3%
21.8%
Q2 25
21.7%
22.6%
Q1 25
35.1%
21.8%
Q4 24
26.1%
19.1%
Q3 24
27.0%
22.9%
Q2 24
31.7%
24.5%
Q1 24
35.8%
23.2%
Net Margin
HPK
HPK
TPB
TPB
Q4 25
-11.6%
6.8%
Q3 25
-9.7%
17.7%
Q2 25
13.1%
12.4%
Q1 25
14.1%
13.5%
Q4 24
3.2%
2.6%
Q3 24
18.4%
13.6%
Q2 24
10.8%
14.0%
Q1 24
2.2%
14.5%
EPS (diluted)
HPK
HPK
TPB
TPB
Q4 25
$-0.16
$0.40
Q3 25
$-0.15
$1.13
Q2 25
$0.19
$0.79
Q1 25
$0.26
$0.79
Q4 24
$0.06
$0.15
Q3 24
$0.35
$0.68
Q2 24
$0.21
$0.68
Q1 24
$0.05
$0.63

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$162.1M
$222.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$372.0M
Total Assets
$3.2B
$763.8M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
TPB
TPB
Q4 25
$162.1M
$222.8M
Q3 25
$164.9M
$201.2M
Q2 25
$21.9M
$109.9M
Q1 25
$51.6M
$99.6M
Q4 24
$86.6M
$48.9M
Q3 24
$135.6M
$33.6M
Q2 24
$157.9M
$142.2M
Q1 24
$173.4M
$130.9M
Total Debt
HPK
HPK
TPB
TPB
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
TPB
TPB
Q4 25
$1.6B
$372.0M
Q3 25
$1.6B
$358.2M
Q2 25
$1.7B
$224.8M
Q1 25
$1.6B
$203.4M
Q4 24
$1.6B
$190.4M
Q3 24
$1.6B
$185.7M
Q2 24
$1.6B
$172.8M
Q1 24
$1.5B
$160.0M
Total Assets
HPK
HPK
TPB
TPB
Q4 25
$3.2B
$763.8M
Q3 25
$3.2B
$742.8M
Q2 25
$3.1B
$595.8M
Q1 25
$3.1B
$564.6M
Q4 24
$3.1B
$493.4M
Q3 24
$3.1B
$488.0M
Q2 24
$3.1B
$591.6M
Q1 24
$3.1B
$586.3M
Debt / Equity
HPK
HPK
TPB
TPB
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
TPB
TPB
Operating Cash FlowLast quarter
$93.1M
$24.9M
Free Cash FlowOCF − Capex
$21.5M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
TPB
TPB
Q4 25
$93.1M
$24.9M
Q3 25
$120.2M
$3.3M
Q2 25
$141.2M
$11.8M
Q1 25
$157.1M
$17.4M
Q4 24
$139.5M
$17.7M
Q3 24
$177.1M
$13.2M
Q2 24
$202.3M
$13.4M
Q1 24
$171.4M
$22.6M
Free Cash Flow
HPK
HPK
TPB
TPB
Q4 25
$21.5M
Q3 25
$-721.0K
Q2 25
$7.8M
Q1 25
$15.2M
Q4 24
$16.6M
Q3 24
$12.6M
Q2 24
$10.9M
Q1 24
$22.3M
FCF Margin
HPK
HPK
TPB
TPB
Q4 25
17.8%
Q3 25
-0.6%
Q2 25
6.7%
Q1 25
14.3%
Q4 24
17.8%
Q3 24
13.9%
Q2 24
11.7%
Q1 24
26.8%
Capex Intensity
HPK
HPK
TPB
TPB
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.4%
Q1 25
2.1%
Q4 24
1.2%
Q3 24
0.7%
Q2 24
2.7%
Q1 24
0.4%
Cash Conversion
HPK
HPK
TPB
TPB
Q4 25
3.03×
Q3 25
0.16×
Q2 25
5.39×
0.82×
Q1 25
4.32×
1.21×
Q4 24
15.53×
7.34×
Q3 24
3.55×
1.07×
Q2 24
6.81×
1.03×
Q1 24
26.63×
1.89×

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%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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