Where do Hess Midstream's ratios come from?

Every ratio is computed from Hess Midstream's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Hess Midstream HESM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	61.9%-0.3pp	62.2%+0.2pp	62%+0.1pp	61.9%+0.5pp	61.4%-0.1pp
Net margin	22.6%+0.9pp	21.8%+1.3pp	20.5%+1.9pp	18.5%+2.1pp	16.4%+1.5pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	0.9×+0.1×	0.8×+0.1×	0.7×0.0×	0.7×-0.1×	0.8×+0.1×
Leverage
Net debt / EBITDA	3.1×0.0×	3.1×0.0×	3.1×0.0×	3.1×0.0×	3.1×0.0×
Valuation
Market capitalization	$5.03B+12.7%	$4.46B-1.4%	$4.53B-9.6%	$5.01B+1.5%	$4.94B+28.1%
Price / earnings	13.6×+1.0×	12.6×-1.1×	13.7×-3.5×	17.2×-2.5×	19.7×+2.5×
Price / sales	3.1×+0.3×	2.8×-0.1×	2.8×-0.4×	3.2×-0.1×	3.2×+0.7×
EV / EBITDA	7.2×+0.4×	6.7×-0.1×	6.9×-0.5×	7.4×-0.1×	7.5×+0.9×

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Questions, answered.

Where do Hess Midstream's ratios come from?: Every ratio is computed from Hess Midstream's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.