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

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $216.6M, roughly 1.7× HighPeak Energy, Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -11.6%, a 16.5% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -23.3%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% 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.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

HPK vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.7× larger
VTOL
$377.3M
$216.6M
HPK
Growing faster (revenue YoY)
VTOL
VTOL
+30.0% gap
VTOL
6.7%
-23.3%
HPK
Higher net margin
VTOL
VTOL
16.5% more per $
VTOL
4.9%
-11.6%
HPK
Faster 2-yr revenue CAGR
VTOL
VTOL
Annualised
VTOL
5.8%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
VTOL
VTOL
Revenue
$216.6M
$377.3M
Net Profit
$-25.2M
$18.4M
Gross Margin
Operating Margin
-7.6%
8.5%
Net Margin
-11.6%
4.9%
Revenue YoY
-23.3%
6.7%
Net Profit YoY
-380.7%
-42.1%
EPS (diluted)
$-0.16
$0.61

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
VTOL
VTOL
Q4 25
$216.6M
$377.3M
Q3 25
$188.9M
$386.3M
Q2 25
$200.4M
$376.4M
Q1 25
$257.4M
$350.5M
Q4 24
$282.6M
$353.5M
Q3 24
$271.6M
$365.1M
Q2 24
$275.3M
$359.7M
Q1 24
$287.8M
$337.1M
Net Profit
HPK
HPK
VTOL
VTOL
Q4 25
$-25.2M
$18.4M
Q3 25
$-18.3M
$51.5M
Q2 25
$26.2M
$31.7M
Q1 25
$36.3M
$27.4M
Q4 24
$9.0M
$31.8M
Q3 24
$49.9M
$28.2M
Q2 24
$29.7M
$28.2M
Q1 24
$6.4M
$6.6M
Operating Margin
HPK
HPK
VTOL
VTOL
Q4 25
-7.6%
8.5%
Q3 25
17.3%
13.1%
Q2 25
21.7%
11.3%
Q1 25
35.1%
9.6%
Q4 24
26.1%
9.0%
Q3 24
27.0%
9.1%
Q2 24
31.7%
12.4%
Q1 24
35.8%
6.8%
Net Margin
HPK
HPK
VTOL
VTOL
Q4 25
-11.6%
4.9%
Q3 25
-9.7%
13.3%
Q2 25
13.1%
8.4%
Q1 25
14.1%
7.8%
Q4 24
3.2%
9.0%
Q3 24
18.4%
7.7%
Q2 24
10.8%
7.8%
Q1 24
2.2%
2.0%
EPS (diluted)
HPK
HPK
VTOL
VTOL
Q4 25
$-0.16
$0.61
Q3 25
$-0.15
$1.72
Q2 25
$0.19
$1.07
Q1 25
$0.26
$0.92
Q4 24
$0.06
$1.07
Q3 24
$0.35
$0.95
Q2 24
$0.21
$0.96
Q1 24
$0.05
$0.23

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$162.1M
$286.2M
Total DebtLower is stronger
$1.2B
$671.5M
Stockholders' EquityBook value
$1.6B
$1.1B
Total Assets
$3.2B
$2.3B
Debt / EquityLower = less leverage
0.75×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
VTOL
VTOL
Q4 25
$162.1M
$286.2M
Q3 25
$164.9M
$245.5M
Q2 25
$21.9M
$251.8M
Q1 25
$51.6M
$191.1M
Q4 24
$86.6M
$247.5M
Q3 24
$135.6M
$200.3M
Q2 24
$157.9M
$178.6M
Q1 24
$173.4M
$140.6M
Total Debt
HPK
HPK
VTOL
VTOL
Q4 25
$1.2B
$671.5M
Q3 25
$1.2B
$675.0M
Q2 25
$1.0B
$705.2M
Q1 25
$1.0B
$701.9M
Q4 24
$1.0B
$689.8M
Q3 24
$1.1B
$629.1M
Q2 24
$1.1B
$594.2M
Q1 24
$1.1B
$544.1M
Stockholders' Equity
HPK
HPK
VTOL
VTOL
Q4 25
$1.6B
$1.1B
Q3 25
$1.6B
$1.0B
Q2 25
$1.7B
$984.4M
Q1 25
$1.6B
$931.7M
Q4 24
$1.6B
$891.7M
Q3 24
$1.6B
$899.2M
Q2 24
$1.6B
$849.1M
Q1 24
$1.5B
$820.7M
Total Assets
HPK
HPK
VTOL
VTOL
Q4 25
$3.2B
$2.3B
Q3 25
$3.2B
$2.3B
Q2 25
$3.1B
$2.3B
Q1 25
$3.1B
$2.2B
Q4 24
$3.1B
$2.1B
Q3 24
$3.1B
$2.1B
Q2 24
$3.1B
$2.0B
Q1 24
$3.1B
$1.9B
Debt / Equity
HPK
HPK
VTOL
VTOL
Q4 25
0.75×
0.63×
Q3 25
0.73×
0.65×
Q2 25
0.62×
0.72×
Q1 25
0.63×
0.75×
Q4 24
0.65×
0.77×
Q3 24
0.67×
0.70×
Q2 24
0.70×
0.70×
Q1 24
0.73×
0.66×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$93.1M
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
VTOL
VTOL
Q4 25
$93.1M
$76.9M
Q3 25
$120.2M
$23.1M
Q2 25
$141.2M
$99.0M
Q1 25
$157.1M
$-603.0K
Q4 24
$139.5M
$51.1M
Q3 24
$177.1M
$66.0M
Q2 24
$202.3M
$33.7M
Q1 24
$171.4M
$26.7M
Free Cash Flow
HPK
HPK
VTOL
VTOL
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
Q1 24
$-37.9M
FCF Margin
HPK
HPK
VTOL
VTOL
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Q1 24
-11.2%
Capex Intensity
HPK
HPK
VTOL
VTOL
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
14.0%
Q1 24
19.2%
Cash Conversion
HPK
HPK
VTOL
VTOL
Q4 25
4.17×
Q3 25
0.45×
Q2 25
5.39×
3.12×
Q1 25
4.32×
-0.02×
Q4 24
15.53×
1.61×
Q3 24
3.55×
2.34×
Q2 24
6.81×
1.20×
Q1 24
26.63×
4.04×

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%

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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