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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) Operating Margin (2018 - 2026)

Hess Midstream has reported Operating Margin over the past 8 years, most recently at 61.79% for Q4 2025.

  • For Q4 2025, Operating Margin rose 82.0% year-over-year to 61.79%; the TTM value through Dec 2025 reached 62.14%, up 73.0%, while the annual FY2025 figure was 62.18%, 73.0% up from the prior year.
  • Operating Margin for Q4 2025 was 61.79% at Hess Midstream, roughly flat from 61.7% in the prior quarter.
  • Over five years, Operating Margin peaked at 63.2% in Q4 2021 and troughed at 52.39% in Q3 2021.
  • A 5-year average of 61.37% and a median of 61.9% in 2025 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: surged 1411bps in 2021 and later crashed -363bps in 2023.
  • Year by year, Operating Margin stood at 63.2% in 2021, then decreased by -1bps to 62.57% in 2022, then decreased by -6bps to 58.93% in 2023, then rose by 3bps to 60.96% in 2024, then rose by 1bps to 61.79% in 2025.
  • Business Quant data shows Operating Margin for HESM at 61.79% in Q4 2025, 61.7% in Q3 2025, and 62.93% in Q2 2025.