Stocktoria

Hess Midstream LP HESM

NYSE · stock · Crude Petroleum & Natural Gas · website · IPO 2017-04-05

Hess Midstream LP statistics & valuation

Market cap$7.8B
P / E22.0×
P / S4.8×
P / FCF10.7×
Net margin21.8%
FCF margin44.9%
Net debt$3.8B
Net debt / EBITDA3.1×
Enterprise value USD$11.5B
EV / EBITDA9.4×
Earnings yield EBIT/EV8.7%
Return on capital24%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.90% 8.30% 2.20% 3.90% 6.60% 8.80% 14.90% 21.80% 20182019202020212022202320242025
Gross margin (%)
20182019202020212022202320242025
Operating margin (%)
53.10% 44.40% 52.80% 60.40% 62.00% 60.60% 61.50% 62.20% 20182019202020212022202320242025
Return on equity (%)
20182019202020212022202320242025
Shares outstanding
20182019202020212022202320242025
Net debt ($)
$871.8M $1.75B $1.91B $2.56B $2.88B $3.21B $3.47B $3.77B 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
2.40% 2.10% 0.70% 1.30% 2.30% 3.10% 5.40% 8.00% 20182019202020212022202320242025
Free cash flow margin (%)
31.60% 19.40% 31.20% 52.50% 48.80% 47.70% 42.40% 44.90% 20182019202020212022202320242025
Debt / equity (×)
20182019202020212022202320242025
EPS ($)
20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin62.2%61.5%60.6%62.0%60.4%52.8%44.4%53.1%
Net margin21.8%14.9%8.8%6.6%3.9%2.2%8.3%9.9%
FCF margin44.9%42.4%47.7%48.8%52.5%31.2%19.4%31.6%
Return on assets8.0%5.4%3.1%2.3%1.3%0.7%2.1%2.4%
Current ratio0.850.680.650.830.780.810.541.31

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.