Hess Midstream (HESM) Return on Capital Employed (2020 - 2026)

Hess Midstream (HESM) recorded quarterly Return on Capital Employed of 24.18% in Q1 2026, up 1.36% quarter-over-quarter from 23.86% in Q4 2025, and up 95.0% on a YoY basis from 12.4% in Q1 2025.

Hess Midstream (HESM) Return on Capital Employed (2020 - 2026) Analysis & Trends

Hess Midstream's Return on Capital Employed history runs 7 years deep, the most recent figure standing at 24.18% for Q1 2026.

  • In Q1 2026, Return on Capital Employed rose 95.0% year-over-year to 24.18%; the TTM figure through Mar 2026 stood at 24.18% (up 95.0% YoY), while the FY2025 annual figure was 24.7%, up 20.0% from the prior year.
  • Return on Capital Employed was 24.18% for Q1 2026 at Hess Midstream, up from 23.86% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 24.18% in Q1 2026 to a low of 22.13% in Q2 2022.
  • Historically, Return on Capital Employed has averaged 23.1% across 5 years, with a median of 23.08% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Return on Capital Employed soared 372 bps in 2022, then plunged 42 bps in 2023.
  • A 5-year view of Return on Capital Employed shows it stood at 23.03% in 2022, then dropped by 1 bps to 22.87% in 2023, then advanced by 2 bps to 23.39% in 2024, then rose by 2 bps to 23.86% in 2025, then increased by 1 bps to 24.18% in 2026.
  • The last three Return on Capital Employed figures came in at 24.18% (Q1 2026), 23.86% (Q4 2025), and 23.76% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 5.26%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 11.93%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 7.42%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 7.59%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 13.21%
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 14.56%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 3.63%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 9.98%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn -
10 Hess Midstream 4.98 Bn 4.97 Bn - 24.18%

Historic Data

Download Data
DateValue
Mar 31, 2026 24.18%
Dec 31, 2025 23.86%
Sep 30, 2025 23.76%
Jun 30, 2025 23.54%
Mar 31, 2025 23.24%
Dec 31, 2024 23.39%
Sep 30, 2024 22.85%
Jun 30, 2024 23.23%
Mar 31, 2024 23.17%
Dec 31, 2023 22.87%
Sep 30, 2023 22.66%
Jun 30, 2023 22.68%
Mar 31, 2023 22.77%
Dec 31, 2022 23.03%
Sep 30, 2022 23.08%
Jun 30, 2022 22.13%
Mar 31, 2022 22.16%
Dec 31, 2021 22.04%
Sep 30, 2021 20.97%
Jun 30, 2021 20.24%