HighPeak Energy, Inc. — Earnings Quality Grade F
HPK · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 23 days, change -4 days YoY
AR growth -34.8% vs revenue growth -22.7%
Revenue -22.7%, CFFO -25.9%. Cash follows revenue
Expense Quality
Inventory -30.2% vs COGS -9.9%. Normal
CapEx growth -15.9% vs revenue -22.7%. Normal
SG&A/Gross Profit = 13.2%, excellent (<30%)
Gross margin swung -11.0pp (33.7% → 22.8%)
Cash Flow Quality
CFFO far exceeds NI (ratio 27.0x). Non-cash charges depressing profits
FCF < 50% of Net Income for 2 years
Accruals ratio = -15.3%. Low accruals
Cash $0.2B covers only 14% of debt $1.2B
Balance Sheet Health
No goodwill. Clean balance sheet
Interest coverage = 1.1x (<2x). Financial stress
Other assets -16.4% vs revenue -22.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
No goodwill
Manipulation Score
M-Score = -3.31 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25