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

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $191.4M, roughly 1.1× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs -11.6%, a 45.2% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs -23.3%). Over the past eight quarters, WAFD INC's revenue compounded faster (5.5% 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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

HPK vs WAFD — Head-to-Head

Bigger by revenue
HPK
HPK
1.1× larger
HPK
$216.6M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+35.2% gap
WAFD
11.8%
-23.3%
HPK
Higher net margin
WAFD
WAFD
45.2% more per $
WAFD
33.5%
-11.6%
HPK
Faster 2-yr revenue CAGR
WAFD
WAFD
Annualised
WAFD
5.5%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HPK
HPK
WAFD
WAFD
Revenue
$216.6M
$191.4M
Net Profit
$-25.2M
$64.2M
Gross Margin
Operating Margin
-7.6%
43.0%
Net Margin
-11.6%
33.5%
Revenue YoY
-23.3%
11.8%
Net Profit YoY
-380.7%
35.8%
EPS (diluted)
$-0.16
$0.79

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
WAFD
WAFD
Q4 25
$216.6M
$191.4M
Q3 25
$188.9M
$188.3M
Q2 25
$200.4M
$186.3M
Q1 25
$257.4M
$179.8M
Q4 24
$282.6M
$171.1M
Q3 24
$271.6M
$188.7M
Q2 24
$275.3M
$194.4M
Q1 24
$287.8M
$172.0M
Net Profit
HPK
HPK
WAFD
WAFD
Q4 25
$-25.2M
$64.2M
Q3 25
$-18.3M
$60.6M
Q2 25
$26.2M
$62.0M
Q1 25
$36.3M
$56.3M
Q4 24
$9.0M
$47.3M
Q3 24
$49.9M
$61.1M
Q2 24
$29.7M
$64.6M
Q1 24
$6.4M
$15.9M
Operating Margin
HPK
HPK
WAFD
WAFD
Q4 25
-7.6%
43.0%
Q3 25
17.3%
41.2%
Q2 25
21.7%
42.8%
Q1 25
35.1%
40.1%
Q4 24
26.1%
35.2%
Q3 24
27.0%
42.8%
Q2 24
31.7%
42.6%
Q1 24
35.8%
12.2%
Net Margin
HPK
HPK
WAFD
WAFD
Q4 25
-11.6%
33.5%
Q3 25
-9.7%
32.2%
Q2 25
13.1%
33.3%
Q1 25
14.1%
31.3%
Q4 24
3.2%
27.6%
Q3 24
18.4%
32.4%
Q2 24
10.8%
33.2%
Q1 24
2.2%
9.2%
EPS (diluted)
HPK
HPK
WAFD
WAFD
Q4 25
$-0.16
$0.79
Q3 25
$-0.15
$0.71
Q2 25
$0.19
$0.73
Q1 25
$0.26
$0.65
Q4 24
$0.06
$0.54
Q3 24
$0.35
$0.73
Q2 24
$0.21
$0.75
Q1 24
$0.05
$0.17

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$162.1M
$734.9M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$3.0B
Total Assets
$3.2B
$27.3B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
WAFD
WAFD
Q4 25
$162.1M
$734.9M
Q3 25
$164.9M
$657.3M
Q2 25
$21.9M
$809.3M
Q1 25
$51.6M
$1.2B
Q4 24
$86.6M
$1.5B
Q3 24
$135.6M
$2.4B
Q2 24
$157.9M
$2.5B
Q1 24
$173.4M
$1.5B
Total Debt
HPK
HPK
WAFD
WAFD
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
WAFD
WAFD
Q4 25
$1.6B
$3.0B
Q3 25
$1.6B
$3.0B
Q2 25
$1.7B
$3.0B
Q1 25
$1.6B
$3.0B
Q4 24
$1.6B
$3.0B
Q3 24
$1.6B
$3.0B
Q2 24
$1.6B
$3.0B
Q1 24
$1.5B
$2.9B
Total Assets
HPK
HPK
WAFD
WAFD
Q4 25
$3.2B
$27.3B
Q3 25
$3.2B
$26.7B
Q2 25
$3.1B
$26.7B
Q1 25
$3.1B
$27.6B
Q4 24
$3.1B
$27.7B
Q3 24
$3.1B
$28.1B
Q2 24
$3.1B
$28.6B
Q1 24
$3.1B
$30.1B
Debt / Equity
HPK
HPK
WAFD
WAFD
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
WAFD
WAFD
Operating Cash FlowLast quarter
$93.1M
$60.5M
Free Cash FlowOCF − Capex
$50.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
WAFD
WAFD
Q4 25
$93.1M
$60.5M
Q3 25
$120.2M
$237.0M
Q2 25
$141.2M
$58.0M
Q1 25
$157.1M
$72.1M
Q4 24
$139.5M
$49.4M
Q3 24
$177.1M
$439.2M
Q2 24
$202.3M
$63.1M
Q1 24
$171.4M
$169.2M
Free Cash Flow
HPK
HPK
WAFD
WAFD
Q4 25
$50.0M
Q3 25
$208.2M
Q2 25
$53.1M
Q1 25
$66.6M
Q4 24
$43.0M
Q3 24
$414.6M
Q2 24
$58.3M
Q1 24
$164.8M
FCF Margin
HPK
HPK
WAFD
WAFD
Q4 25
26.1%
Q3 25
110.6%
Q2 25
28.5%
Q1 25
37.0%
Q4 24
25.1%
Q3 24
219.7%
Q2 24
30.0%
Q1 24
95.8%
Capex Intensity
HPK
HPK
WAFD
WAFD
Q4 25
5.5%
Q3 25
15.2%
Q2 25
2.6%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
13.1%
Q2 24
2.5%
Q1 24
2.6%
Cash Conversion
HPK
HPK
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
5.39×
0.94×
Q1 25
4.32×
1.28×
Q4 24
15.53×
1.05×
Q3 24
3.55×
7.18×
Q2 24
6.81×
0.98×
Q1 24
26.63×
10.65×

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%

WAFD
WAFD

Segment breakdown not available.

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