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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Hess Midstream (HESM) FCF Margin (2019 - 2026)

Hess Midstream has reported FCF Margin over the past 7 years, most recently at 43.93% for Q4 2025.

  • For Q4 2025, FCF Margin rose 294.0% year-over-year to 43.93%; the TTM value through Dec 2025 reached 44.89%, up 251.0%, while the annual FY2025 figure was 44.91%, 251.0% up from the prior year.
  • FCF Margin for Q4 2025 was 43.93% at Hess Midstream, up from 42.64% in the prior quarter.
  • Over five years, FCF Margin peaked at 67.37% in Q2 2021 and troughed at 35.12% in Q3 2024.
  • A 5-year average of 47.26% and a median of 46.47% in 2023 define the central range for FCF Margin.
  • Biggest five-year swings in FCF Margin: surged 2719bps in 2021 and later crashed -1711bps in 2022.
  • Year by year, FCF Margin stood at 57.0% in 2021, then fell by -10bps to 51.29% in 2022, then increased by 1bps to 51.64% in 2023, then dropped by -21bps to 40.99% in 2024, then rose by 7bps to 43.93% in 2025.
  • Business Quant data shows FCF Margin for HESM at 43.93% in Q4 2025, 42.64% in Q3 2025, and 51.63% in Q2 2025.