Growth Metrics

Hess Midstream (HESM) FCF Margin (2019 - 2025)

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

  • Quarterly results put FCF Margin at 43.93% for Q4 2025, up 294.0% from a year ago — trailing twelve months through Dec 2025 was 44.89% (up 251.0% YoY), and the annual figure for FY2025 was 44.91%, up 251.0%.
  • FCF Margin for Q4 2025 was 43.93% at Hess Midstream, up from 42.64% in the prior quarter.
  • Over the last five years, FCF Margin for HESM hit a ceiling of 67.37% in Q2 2021 and a floor of 35.12% in Q3 2024.
  • Median FCF Margin over the past 5 years was 46.47% (2023), compared with a mean of 47.26%.
  • Biggest five-year swings in FCF Margin: skyrocketed 2719bps in 2021 and later tumbled -1711bps in 2022.
  • Hess Midstream's FCF Margin stood at 57.0% in 2021, then decreased by -10bps to 51.29% in 2022, then grew by 1bps to 51.64% in 2023, then fell by -21bps to 40.99% in 2024, then increased by 7bps to 43.93% in 2025.
  • The last three reported values for FCF Margin were 43.93% (Q4 2025), 42.64% (Q3 2025), and 51.63% (Q2 2025) per Business Quant data.