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| Date | Value |
|---|---|
| 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% |