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
EBITDA margin	75.5%+0.1pp	75.4%+0.3pp	75.1%0.0pp	75%+0.2pp	74.9%-0.2pp
Free cash flow margin	48.8%+3.9pp	44.9%+0.7pp	44.2%+1.8pp	42.4%-1.0pp	43.4%+1.0pp
Returns
Return on assets	8.6%+0.3pp	8.3%+0.6pp	7.7%+0.8pp	6.9%+0.7pp	6.2%+0.5pp
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×
Quick ratio	0.9×+0.1×	0.8×+0.1×	0.7×0.0×	0.7×-0.1×	0.8×+0.1×
Cash ratio	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-assets	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.8×0.0×	0.8×0.0×
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%
Enterprise value	$8.8B+6.8%	$8.23B-1.0%	$8.32B-4.6%	$8.72B+2.6%	$8.5B+16.1%
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×
EV / sales	5.4×+0.3×	5.1×-0.1×	5.2×-0.4×	5.6×0.0×	5.6×+0.7×
Free cash flow yield	15.8%-0.5pp	16.3%+0.6pp	15.7%+2.4pp	13.3%-0.1pp	13.4%-3.1pp
Earnings yield	7.3%-0.6pp	7.9%+0.6pp	7.3%+1.5pp	5.8%+0.7pp	5.1%-0.7pp
PEG ratio	0.3×+0.1×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.3×+0.1×

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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.