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Side-by-side financial comparison of New Concept Energy, Inc. (GBR) and HighPeak Energy, Inc. (HPK), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

HighPeak Energy, Inc. is the larger business by last-quarter revenue ($216.6M vs $38.0K, roughly 5701.3× New Concept Energy, Inc.). New Concept Energy, Inc. runs the higher net margin — 31.6% vs -11.6%, a 43.2% gap on every dollar of revenue. On growth, New Concept Energy, Inc. posted the faster year-over-year revenue change (5.6% vs -23.3%). Over the past eight quarters, New Concept Energy, Inc.'s revenue compounded faster (2.7% 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.

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.

GBR vs HPK — Head-to-Head

Bigger by revenue
HPK
HPK
5701.3× larger
HPK
$216.6M
$38.0K
GBR
Growing faster (revenue YoY)
GBR
GBR
+28.9% gap
GBR
5.6%
-23.3%
HPK
Higher net margin
GBR
GBR
43.2% more per $
GBR
31.6%
-11.6%
HPK
Faster 2-yr revenue CAGR
GBR
GBR
Annualised
GBR
2.7%
-13.2%
HPK

Income Statement — Q4 2025 vs Q4 2025

Metric
GBR
GBR
HPK
HPK
Revenue
$38.0K
$216.6M
Net Profit
$12.0K
$-25.2M
Gross Margin
Operating Margin
-207.9%
-7.6%
Net Margin
31.6%
-11.6%
Revenue YoY
5.6%
-23.3%
Net Profit YoY
163.2%
-380.7%
EPS (diluted)
$0.01
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
GBR
GBR
HPK
HPK
Q4 25
$38.0K
$216.6M
Q3 25
$39.0K
$188.9M
Q2 25
$40.0K
$200.4M
Q1 25
$38.0K
$257.4M
Q4 24
$36.0K
$282.6M
Q3 24
$37.0K
$271.6M
Q2 24
$37.0K
$275.3M
Q1 24
$36.0K
$287.8M
Net Profit
GBR
GBR
HPK
HPK
Q4 25
$12.0K
$-25.2M
Q3 25
$-20.0K
$-18.3M
Q2 25
$-18.0K
$26.2M
Q1 25
$-20.0K
$36.3M
Q4 24
$-19.0K
$9.0M
Q3 24
$-4.0K
$49.9M
Q2 24
$3.0K
$29.7M
Q1 24
$2.0K
$6.4M
Operating Margin
GBR
GBR
HPK
HPK
Q4 25
-207.9%
-7.6%
Q3 25
-161.5%
17.3%
Q2 25
-150.0%
21.7%
Q1 25
-165.8%
35.1%
Q4 24
-202.8%
26.1%
Q3 24
-151.4%
27.0%
Q2 24
-143.2%
31.7%
Q1 24
-152.8%
35.8%
Net Margin
GBR
GBR
HPK
HPK
Q4 25
31.6%
-11.6%
Q3 25
-51.3%
-9.7%
Q2 25
-45.0%
13.1%
Q1 25
-52.6%
14.1%
Q4 24
-52.8%
3.2%
Q3 24
-10.8%
18.4%
Q2 24
8.1%
10.8%
Q1 24
5.6%
2.2%
EPS (diluted)
GBR
GBR
HPK
HPK
Q4 25
$0.01
$-0.16
Q3 25
$-0.01
$-0.15
Q2 25
$0.00
$0.19
Q1 25
$-0.01
$0.26
Q4 24
$-0.01
$0.06
Q3 24
$-0.01
$0.35
Q2 24
$0.00
$0.21
Q1 24
$0.01
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
GBR
GBR
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$383.0K
$162.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$4.5M
$1.6B
Total Assets
$4.6M
$3.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
GBR
GBR
HPK
HPK
Q4 25
$383.0K
$162.1M
Q3 25
$307.0K
$164.9M
Q2 25
$356.0K
$21.9M
Q1 25
$333.0K
$51.6M
Q4 24
$363.0K
$86.6M
Q3 24
$430.0K
$135.6M
Q2 24
$416.0K
$157.9M
Q1 24
$395.0K
$173.4M
Total Debt
GBR
GBR
HPK
HPK
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
GBR
GBR
HPK
HPK
Q4 25
$4.5M
$1.6B
Q3 25
$4.5M
$1.6B
Q2 25
$4.5M
$1.7B
Q1 25
$4.5M
$1.6B
Q4 24
$4.5M
$1.6B
Q3 24
$4.6M
$1.6B
Q2 24
$4.6M
$1.6B
Q1 24
$4.6M
$1.5B
Total Assets
GBR
GBR
HPK
HPK
Q4 25
$4.6M
$3.2B
Q3 25
$4.5M
$3.2B
Q2 25
$4.6M
$3.1B
Q1 25
$4.6M
$3.1B
Q4 24
$4.6M
$3.1B
Q3 24
$4.6M
$3.1B
Q2 24
$4.6M
$3.1B
Q1 24
$4.6M
$3.1B
Debt / Equity
GBR
GBR
HPK
HPK
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. Net income can be massaged; cash flow is harder to fake.

Metric
GBR
GBR
HPK
HPK
Operating Cash FlowLast quarter
$76.0K
$93.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue; lower = less reinvestment burden
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
6.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
GBR
GBR
HPK
HPK
Q4 25
$76.0K
$93.1M
Q3 25
$-49.0K
$120.2M
Q2 25
$23.0K
$141.2M
Q1 25
$-30.0K
$157.1M
Q4 24
$-47.0K
$139.5M
Q3 24
$14.0K
$177.1M
Q2 24
$21.0K
$202.3M
Q1 24
$-52.0K
$171.4M
Cash Conversion
GBR
GBR
HPK
HPK
Q4 25
6.33×
Q3 25
Q2 25
5.39×
Q1 25
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
7.00×
6.81×
Q1 24
-26.00×
26.63×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

GBR
GBR

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

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