Hess Midstream LP Ratios | P/E, ROE & Valuation

On the Key Ratios page for Hess Midstream LP (HESM), the latest P/E of 13.8 frames valuation, while ROE 69.02% and ROIC 20.77% indicates profitability and capital efficiency. Together with the current ratio of 0.77 and debt-to-equity 7.15, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

HESM Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$12.54$16.76$23.95$30.83$47.02$60.64$15.52$13.04$10.77$9.34
Net Income per Share$2.92$2.51$2.11$2.03$1.81$1.33$1.28$1.27$0.77$3.76
Operating Cash Flow per Share$8.07$10.57$15.42$20.85$31.07$35.65$8.62$8.55$7.43$7.11
Free Cash Flow per Share$5.41$7.13$11.44$15.08$24.70$18.92$3.01$4.12$4.90$2.27
Cash per Share$0.04$0.05$0.10$0.08$0.09$0.14$0.06$2.00$0.88$0.01
Book Value per Share$3.02$5.23$6.46$12.81$29.42$73.67$24.40$34.36$47.50$35.48
Tangible Book Value per Share$3.02$5.23$6.46$12.81$29.39$73.62$24.38$34.36$47.50$35.48
Interest Debt per Share$30.40$41.28$60.33$73.48$104.25$111.38$33.26$18.95$0.48$0.03
CAPEX per Share$2.66$3.44$3.98$5.77$6.38$16.73$5.61$4.43$2.54$4.83

HESM Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)13.814.7714.9914.7315.2414.6817.6713.4225.876.82
Price to Book (P/B)9.996.215.232.340.940.273095.820.270.420.72
Price to Sales (P/S)5.142.211.320.970.590.321.461.31.842.74
Enterprise Value to EBITDA9.75.954.94.213.623.045.723.562.654.56
EV to Sales7.424.533.73.232.722.073.532.531.762.74
EV to Operating Cash Flow11.537.195.754.784.113.526.353.852.553.6
EV to Free Cash Flow17.210.667.756.615.176.6318.1983.8711.25
Enterprise Value$11.95B$6.76B$4.98B$4.12B$3.27B$2.26B$2.99B$1.80B$1.02B$1.40B

HESM Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)69.02%42.04%34.86%15.86%6.16%1.81%17525.00%2.01%1.61%10.58%
Return on Invested Capital (ROIC)20.77%20.96%21.41%22.11%21.30%17.43%12.15%13.20%10.27%10.63%
Return on Tangible Assets8.81%5.37%3.13%2.34%1.33%0.71%2.14%2.31%1.56%7.96%
Earnings Yield7.30%6.77%6.67%6.79%6.56%6.81%5.66%7.45%3.87%14.67%
Free Cash Flow Yield8.40%19.24%36.17%50.41%89.39%96.69%13.27%24.27%24.72%8.89%
Dividend Yield7.71%7.14%7.17%7.36%6.98%8.97%6.90%42.72%44.77%21.97%

HESM Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.770.680.650.830.780.810.541.311.50.07
Interest Coverage4.484.554.565.36.96.096.047.110.2147.36
Income Quality1.731.437.311.391.291.321.481.431.41.88
Debt to Equity7.156.549.445.453.41.444383.750.2900
Debt to Assets86.45%83.64%84.74%80.42%73.55%56.60%53.50%32.80%0.00%0.00%
Net Debt to EBITDA2.993.053.152.952.842.573.351.72-0.120

HESM Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover10.6410.7410.8210.3510.0111.719.6410.59.6911.43
Payables Turnover9.772.272.425.186.165.234.666.829.553.46
Inventory Turnover000000000-332.33
Days Sales Outstanding34.2933.9833.7335.2636.4831.1637.8534.7637.6731.93
Days Payables Outstanding37.37160.66151.1270.4659.2969.7978.3853.538.22105.44
Days of Inventory on Hand000000000-1.1

HESM Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA9.75.954.94.213.623.045.723.562.654.56
Market Cap$8.27B$3.30B$1.78B$1.24B$707.33M$352.26M$1.24B$927.11M$1.07B$1.40B
Enterprise Value$11.95B$6.76B$4.98B$4.12B$3.27B$2.26B$2.99B$1.80B$1.02B$1.40B
Dividend Yield7.71%7.14%7.17%7.36%6.98%8.97%6.90%42.72%44.77%21.97%
Payout Ratio104.83%105.47%107.50%108.46%106.47%131.67%121.83%573.23%1158.01%149.78%

Frequently Asked Questions

How does Hess Midstream LP’s P/E ratio compare with its history?

On this page, HESM's current P/E is 13.8, compared with a multi-year average around 15.2. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.

What is Hess Midstream LP market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $8.27B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Hess Midstream LP’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Hess Midstream LP's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Hess Midstream LP compare to its competitors in key financial ratios?

The fastest way to compare Hess Midstream LP with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Hess Midstream LP outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Hess Midstream LP's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Hess Midstream LP is financially strong. Current ratio is about 0.77, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 4.48, implying a stronger ability to cover interest expenses. Debt-to-equity is about 7.15, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Hess Midstream LP's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Hess Midstream LP is sustaining strong returns (for example ROE at 69.02% and ROIC at 20.77%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.