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

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $216.6M, roughly 1.6× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -12.9%, a 1.3% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -23.3%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

HPK vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.6× larger
WD
$340.0M
$216.6M
HPK
Growing faster (revenue YoY)
WD
WD
+22.9% gap
WD
-0.4%
-23.3%
HPK
Higher net margin
HPK
HPK
1.3% more per $
HPK
-11.6%
-12.9%
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
WD
WD
Revenue
$216.6M
$340.0M
Net Profit
$-25.2M
$-13.9M
Gross Margin
Operating Margin
-7.6%
-17.2%
Net Margin
-11.6%
-12.9%
Revenue YoY
-23.3%
-0.4%
Net Profit YoY
-380.7%
-131.0%
EPS (diluted)
$-0.16
$-0.41

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
WD
WD
Q4 25
$216.6M
$340.0M
Q3 25
$188.9M
$337.7M
Q2 25
$200.4M
$319.2M
Q1 25
$257.4M
$237.4M
Q4 24
$282.6M
$341.5M
Q3 24
$271.6M
$292.3M
Q2 24
$275.3M
$270.7M
Q1 24
$287.8M
$228.1M
Net Profit
HPK
HPK
WD
WD
Q4 25
$-25.2M
$-13.9M
Q3 25
$-18.3M
$33.5M
Q2 25
$26.2M
$34.0M
Q1 25
$36.3M
$2.8M
Q4 24
$9.0M
$44.8M
Q3 24
$49.9M
$28.8M
Q2 24
$29.7M
$22.7M
Q1 24
$6.4M
$11.9M
Operating Margin
HPK
HPK
WD
WD
Q4 25
-7.6%
-17.2%
Q3 25
17.3%
13.6%
Q2 25
21.7%
14.5%
Q1 25
35.1%
2.2%
Q4 24
26.1%
15.3%
Q3 24
27.0%
12.8%
Q2 24
31.7%
10.4%
Q1 24
35.8%
6.0%
Net Margin
HPK
HPK
WD
WD
Q4 25
-11.6%
-12.9%
Q3 25
-9.7%
9.9%
Q2 25
13.1%
10.6%
Q1 25
14.1%
1.2%
Q4 24
3.2%
13.1%
Q3 24
18.4%
9.9%
Q2 24
10.8%
8.4%
Q1 24
2.2%
5.2%
EPS (diluted)
HPK
HPK
WD
WD
Q4 25
$-0.16
$-0.41
Q3 25
$-0.15
$0.98
Q2 25
$0.19
$0.99
Q1 25
$0.26
$0.08
Q4 24
$0.06
$1.32
Q3 24
$0.35
$0.85
Q2 24
$0.21
$0.67
Q1 24
$0.05
$0.35

Balance Sheet & Financial Strength

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

Metric
HPK
HPK
WD
WD
Cash + ST InvestmentsLiquidity on hand
$162.1M
$299.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$1.7B
Total Assets
$3.2B
$5.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
WD
WD
Q4 25
$162.1M
$299.3M
Q3 25
$164.9M
$274.8M
Q2 25
$21.9M
$233.7M
Q1 25
$51.6M
$181.0M
Q4 24
$86.6M
$279.3M
Q3 24
$135.6M
$179.8M
Q2 24
$157.9M
$208.1M
Q1 24
$173.4M
$216.5M
Total Debt
HPK
HPK
WD
WD
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
WD
WD
Q4 25
$1.6B
$1.7B
Q3 25
$1.6B
$1.8B
Q2 25
$1.7B
$1.8B
Q1 25
$1.6B
$1.7B
Q4 24
$1.6B
$1.7B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.7B
Q1 24
$1.5B
$1.7B
Total Assets
HPK
HPK
WD
WD
Q4 25
$3.2B
$5.1B
Q3 25
$3.2B
$5.8B
Q2 25
$3.1B
$4.7B
Q1 25
$3.1B
$4.5B
Q4 24
$3.1B
$4.4B
Q3 24
$3.1B
$4.6B
Q2 24
$3.1B
$4.2B
Q1 24
$3.1B
$3.8B
Debt / Equity
HPK
HPK
WD
WD
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
WD
WD
Operating Cash FlowLast quarter
$93.1M
$-664.3M
Free Cash FlowOCF − Capex
$-680.1M
FCF MarginFCF / Revenue
-200.0%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
WD
WD
Q4 25
$93.1M
$-664.3M
Q3 25
$120.2M
$-948.1M
Q2 25
$141.2M
$-238.5M
Q1 25
$157.1M
$-281.1M
Q4 24
$139.5M
$129.4M
Q3 24
$177.1M
$-202.0M
Q2 24
$202.3M
$-237.8M
Q1 24
$171.4M
$38.4M
Free Cash Flow
HPK
HPK
WD
WD
Q4 25
$-680.1M
Q3 25
$-950.4M
Q2 25
$-241.0M
Q1 25
$-284.7M
Q4 24
$116.4M
Q3 24
$-204.0M
Q2 24
$-241.7M
Q1 24
$35.2M
FCF Margin
HPK
HPK
WD
WD
Q4 25
-200.0%
Q3 25
-281.5%
Q2 25
-75.5%
Q1 25
-120.0%
Q4 24
34.1%
Q3 24
-69.8%
Q2 24
-89.3%
Q1 24
15.4%
Capex Intensity
HPK
HPK
WD
WD
Q4 25
4.6%
Q3 25
0.7%
Q2 25
0.8%
Q1 25
1.5%
Q4 24
3.8%
Q3 24
0.7%
Q2 24
1.4%
Q1 24
1.4%
Cash Conversion
HPK
HPK
WD
WD
Q4 25
Q3 25
-28.34×
Q2 25
5.39×
-7.02×
Q1 25
4.32×
-102.07×
Q4 24
15.53×
2.89×
Q3 24
3.55×
-7.01×
Q2 24
6.81×
-10.49×
Q1 24
26.63×
3.24×

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%

WD
WD

Segment breakdown not available.

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