Hess Midstream LP (HESM) Financial Ratios: P/E, ROE & More

Hess Midstream LP (HESM) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Hess Midstream LP had a P/E ratio of 12.65 (down from 17.27), return on equity of 151.6% (down from 159.1%), debt-to-equity of 8.61 (up from 7.46) and a current ratio of 0.85 (up from 0.68). A current ratio of 0.85 means current liabilities exceed current assets. Its dividend yield was 8.60% with a payout ratio of 99.2%.

Hess Midstream LP Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	12.65	17.27	18.23	15.69	20.05	14.70
Forward P/E	12.21	12.35	11.65	12.63	8.85	5.51
P/S Ratio	2.75	2.58	1.60	1.03	0.77	0.32
P/B Ratio	10.19	8.28	5.95	2.49	1.24	0.27
Price/Tangible Book	7.86	7.26	6.36	5.37	4.56	2.82
Price/FCF	6.13	6.08	3.36	2.11	1.47	1.04
Price/OCF	4.54	4.10	2.50	1.53	1.17	0.55
PEG Ratio	1.30	1.24	1.64	1.47	0.39	1.84
Enterprise Value Ratios
EV/Revenue	5.00	4.84	3.99	3.52	3.38	3.16
EV/EBITDA	6.63	6.46	5.33	4.62	4.56	4.70
EV/EBIT	8.04	7.88	6.59	5.67	5.60	5.98
EV/FCF	11.13	11.42	8.38	7.21	6.44	10.12
Profitability & Returns
Return on Equity (ROE)	151.59%	159.08%	136.23%	96.81%	59.43%	36.49%
Return on Assets (ROA)	14.76%	14.47%	13.84%	13.98%	13.25%	10.83%
Return on Invested Capital (ROIC)	21.24%	22.09%	22.03%	22.56%	21.70%	17.99%
Return on Capital Employed (ROCE)	24.00%	23.40%	22.80%	23.10%	21.90%	17.70%
Leverage & Solvency Ratios
Debt/Equity	8.61	7.46	8.84	5.46	3.40	1.44
Debt/EBITDA	3.09	3.09	3.18	2.97	2.87	2.60
Debt/FCF	5.18	5.47	5.00	4.63	4.05	5.61
Liquidity Ratios
Current Ratio	0.85	0.68	0.65	0.83	0.78	0.81
Quick Ratio	0.81	0.65	0.62	0.79	0.72	0.77
Efficiency Ratios
Asset Turnover	0.38	0.38	0.37	0.36	0.35	0.33
Yield & Distribution Ratios
Earnings Yield	7.91%	5.79%	5.49%	6.37%	4.99%	6.80%
FCF Yield	16.31%	16.46%	29.73%	47.31%	67.98%	96.54%
Dividend Yield	8.60%	7.31%	7.71%	7.48%	7.18%	13.20%
Payout Ratio	99.24%	105.47%	107.50%	108.46%	106.47%	131.67%
Buyback Yield	-38.31%	-58.08%	-35.99%	-61.09%	-41.99%	-0.56%
Total Return	-29.72%	-50.78%	-28.28%	-53.61%	-34.81%	12.64%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hess Midstream LP Financial Ratios

What is Hess Midstream LP's P/E ratio?

Hess Midstream LP's P/E ratio was 12.65 for fiscal 2025 (period ended Dec 31, 2025). It was 17.27 a year earlier.

What is Hess Midstream LP's return on equity?

Hess Midstream LP's return on equity (ROE) was 151.6% for fiscal 2025 (period ended Dec 31, 2025). It was 159.1% a year earlier.

What is Hess Midstream LP's debt-to-equity ratio?

Hess Midstream LP's debt-to-equity ratio was 8.61 for fiscal 2025 (period ended Dec 31, 2025). It was 7.46 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition