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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $183.8M, roughly 1.2× Wheels Up Experience Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -15.7%, a 4.1% gap on every dollar of revenue. On growth, Wheels Up Experience Inc. posted the faster year-over-year revenue change (-10.2% vs -23.3%). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% 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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
HPK vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $183.8M |
| Net Profit | $-25.2M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | -7.6% | -0.9% |
| Net Margin | -11.6% | -15.7% |
| Revenue YoY | -23.3% | -10.2% |
| Net Profit YoY | -380.7% | 67.0% |
| EPS (diluted) | $-0.16 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $188.9M | $185.5M | ||
| Q2 25 | $200.4M | $189.6M | ||
| Q1 25 | $257.4M | $177.5M | ||
| Q4 24 | $282.6M | $204.8M | ||
| Q3 24 | $271.6M | $193.9M | ||
| Q2 24 | $275.3M | $196.3M | ||
| Q1 24 | $287.8M | $197.1M |
| Q4 25 | $-25.2M | $-28.9M | ||
| Q3 25 | $-18.3M | $-83.7M | ||
| Q2 25 | $26.2M | $-82.3M | ||
| Q1 25 | $36.3M | $-99.3M | ||
| Q4 24 | $9.0M | $-87.5M | ||
| Q3 24 | $49.9M | $-57.7M | ||
| Q2 24 | $29.7M | $-97.0M | ||
| Q1 24 | $6.4M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | -7.6% | -0.9% | ||
| Q3 25 | 17.3% | -33.1% | ||
| Q2 25 | 21.7% | -31.4% | ||
| Q1 25 | 35.1% | -45.5% | ||
| Q4 24 | 26.1% | -26.0% | ||
| Q3 24 | 27.0% | -21.6% | ||
| Q2 24 | 31.7% | -40.3% | ||
| Q1 24 | 35.8% | -42.9% |
| Q4 25 | -11.6% | -15.7% | ||
| Q3 25 | -9.7% | -45.1% | ||
| Q2 25 | 13.1% | -43.4% | ||
| Q1 25 | 14.1% | -55.9% | ||
| Q4 24 | 3.2% | -42.7% | ||
| Q3 24 | 18.4% | -29.8% | ||
| Q2 24 | 10.8% | -49.4% | ||
| Q1 24 | 2.2% | -49.4% |
| Q4 25 | $-0.16 | $-0.04 | ||
| Q3 25 | $-0.15 | $-0.12 | ||
| Q2 25 | $0.19 | $-0.12 | ||
| Q1 25 | $0.26 | $-0.14 | ||
| Q4 24 | $0.06 | $-0.13 | ||
| Q3 24 | $0.35 | $-0.08 | ||
| Q2 24 | $0.21 | $-0.14 | ||
| Q1 24 | $0.05 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | $1.2B | $671.3M |
| Stockholders' EquityBook value | $1.6B | $-392.1M |
| Total Assets | $3.2B | $968.8M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $133.9M | ||
| Q3 25 | $164.9M | $125.3M | ||
| Q2 25 | $21.9M | $107.0M | ||
| Q1 25 | $51.6M | $171.8M | ||
| Q4 24 | $86.6M | $216.4M | ||
| Q3 24 | $135.6M | $115.9M | ||
| Q2 24 | $157.9M | $141.5M | ||
| Q1 24 | $173.4M | $180.9M |
| Q4 25 | $1.2B | $671.3M | ||
| Q3 25 | $1.2B | $766.5M | ||
| Q2 25 | $1.0B | $770.5M | ||
| Q1 25 | $1.0B | $765.8M | ||
| Q4 24 | $1.0B | $761.3M | ||
| Q3 24 | $1.1B | $596.9M | ||
| Q2 24 | $1.1B | $597.4M | ||
| Q1 24 | $1.1B | $603.2M |
| Q4 25 | $1.6B | $-392.1M | ||
| Q3 25 | $1.6B | $-374.5M | ||
| Q2 25 | $1.7B | $-347.8M | ||
| Q1 25 | $1.6B | $-288.1M | ||
| Q4 24 | $1.6B | $-202.1M | ||
| Q3 24 | $1.6B | $-117.7M | ||
| Q2 24 | $1.6B | $-72.2M | ||
| Q1 24 | $1.5B | $936.0K |
| Q4 25 | $3.2B | $968.8M | ||
| Q3 25 | $3.2B | $973.0M | ||
| Q2 25 | $3.1B | $1.0B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.1B | $1.1B | ||
| Q1 24 | $3.1B | $1.2B |
| 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× | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.1M | $-18.4M | ||
| Q3 25 | $120.2M | $-37.1M | ||
| Q2 25 | $141.2M | $-62.9M | ||
| Q1 25 | $157.1M | $-47.9M | ||
| Q4 24 | $139.5M | $37.9M | ||
| Q3 24 | $177.1M | $-16.9M | ||
| Q2 24 | $202.3M | $-25.2M | ||
| Q1 24 | $171.4M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | — | ||
| 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
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
UP
Segment breakdown not available.
