1 earlier Form 4 trade (code P or S) here by this insider (1 buy), the last on May 6, 2022.
1 other insider sold within 30 days.
152 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Schoonman Geurt G sold about $127.1K of HESM on Jun 9, 2025; 1 other insider sold within 30 days and 152 funds added in the latest 13F quarter.
2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Feb 19, 2025.
1 other insider sold within 30 days.
152 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider BlackRock Portfolio Management LLC sold about $553.7M of HESM on May 30, 2025, the largest insider sale at the company on our record; 1 other insider sold within 30 days and 152 funds added in the latest 13F quarter.
6 earlier Form 4 trades (code P or S) here by this insider (6 sales), the last on Mar 13, 2024.
The trade is 3.3% of the 62,457 shares held after it.
1 other insider sold within 30 days.
152 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President and COO Gatling John A. sold about $84.7K of HESM on Mar 11, 2025; 1 other insider sold within 30 days and 152 funds added in the latest 13F quarter.
1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Feb 12, 2025.
1 other insider sold within 30 days.
152 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider BlackRock Portfolio Management LLC sold about $64.5M of HESM on Feb 19, 2025; 1 other insider sold within 30 days and 152 funds added in the latest 13F quarter.
30 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$1.6B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM HESM
FY Dec 2025
$1.6B
FY Dec 2024
$1.5B
FY Dec 2023
$1.3B
FY Dec 2022
$1.3B
FY Dec 2021
$1.2B
Jun 2026
$399.0M
Mar 2026
$390.1M
Dec 2025
$404.2M
Sep 2025
$420.9M
Jun 2025
$414.2M
Mar 2025
$382.0M
Dec 2024
$395.9M
Sep 2024
$378.5M
At each fiscal year end
Single quarter
Net margin, TTM
+23.2%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM HESM
FY Dec 2025
+21.8%
FY Dec 2024
+14.9%
FY Dec 2023
+8.8%
FY Dec 2022
+6.6%
FY Dec 2021
+3.9%
Jun 2026
+24.2%
Mar 2026
+22.5%
Dec 2025
+23.1%
Sep 2025
+23.2%
Jun 2025
+21.8%
Mar 2025
+18.7%
Dec 2024
+17.8%
Sep 2024
+15.5%
At each fiscal year end
Single quarter
Free cash flow, TTM
$837.8M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM HESM
FY Dec 2025
$728.2M
FY Dec 2024
$634.2M
FY Dec 2023
$642.9M
FY Dec 2022
$622.9M
FY Dec 2021
$632.3M
Jun 2026
$255.5M
Mar 2026
$224.5M
Dec 2025
$178.9M
Sep 2025
$178.9M
Jun 2025
$213.5M
Mar 2025
$156.9M
Dec 2024
$163.4M
Sep 2024
$132.6M
At each fiscal year end
Single quarter
Debt to equity
n/a
no equity line filed
Debt to equity HESM
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.28x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt HESM
FY Dec 2025
0.26x
FY Dec 2024
0.27x
FY Dec 2023
0.27x
FY Dec 2022
0.30x
FY Dec 2021
0.31x
Jun 2026
0.28x
Mar 2026
0.27x
Dec 2025
0.26x
Sep 2025
0.26x
Jun 2025
0.26x
Mar 2025
0.27x
Dec 2024
0.27x
Sep 2024
0.27x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
n/a
no equity line filed
Return on equity HESM
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets HESM
FY Dec 2025
+8.3%
FY Dec 2024
+5.6%
FY Dec 2023
+3.2%
FY Dec 2022
+2.4%
FY Dec 2021
+1.4%
Jun 2026
+8.6%
Mar 2026
+8.6%
Dec 2025
+8.3%
Sep 2025
+7.7%
Jun 2025
+6.9%
Mar 2025
+6.2%
Dec 2024
+5.6%
Sep 2024
+4.8%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
no equity line filed
Return on invested capital HESM
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+24.3%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed HESM
FY Dec 2025
+24.8%
FY Dec 2024
+24.5%
FY Dec 2023
+23.3%
FY Dec 2022
+23.5%
FY Dec 2021
+22.2%
Jun 2026
+24.3%
Mar 2026
+24.6%
Dec 2025
+24.8%
Sep 2025
+24.6%
Jun 2025
+24.1%
Mar 2025
+24.0%
Dec 2024
+24.5%
Sep 2024
+23.5%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
fewer than four consecutive quarters of diluted EPS
P/E, trailing HESM
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$7.7B
market value at close 2026-10-26 on 2026-07-31 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value HESM
FY Dec 2025
$8.2B
FY Dec 2024
$7.3B
FY Dec 2023
$5.4B
FY Dec 2022
$4.2B
FY Dec 2021
$3.5B
Jun 2026
$8.5B
Mar 2026
$8.8B
Dec 2025
$8.2B
Sep 2025
$8.3B
Jun 2025
$8.2B
Mar 2025
$8.5B
Dec 2024
$7.3B
Sep 2024
$6.7B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+20.9%
TTM free cash flow over market value at close 2026-10-26
FCF yield HESM
FY Dec 2025
+16.3%
FY Dec 2024
+16.5%
FY Dec 2023
+29.7%
FY Dec 2022
+47.3%
FY Dec 2021
+68.0%
Jun 2026
+17.4%
Mar 2026
+15.8%
Dec 2025
+16.3%
Sep 2025
+15.7%
Jun 2025
+14.8%
Mar 2025
+13.4%
Dec 2024
+16.5%
Sep 2024
+20.3%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
fewer than four consecutive quarters of diluted EPS
PEG, trailing HESM
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
HESM ranks highest on profitability (86th percentile) and growth (66th), and lowest on financial health (33rd), among Energy peers.
Profitability
86
Inputs
Return on equityno equity line filed
Return on assets+8.6% · 77 pct, sector of 129
Return on invested capitalno equity line filed
Return on capital employed+24.3% · 95 pct, sector of 110
Financial health
33
Inputs
Debt to equityno equity line filed
Cash flow to debt0.28x · 33 pct, sector of 115
Growth
66
Inputs
Revenue growth, YoY+8.4% · 66 pct, sector of 141
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Institutional and government
58
Inputs
Funds adding, latest quarter152 · 58 pct, sector of 145
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
52
Inputs
Short interest, % of float+6.0% · 44 pct, sector of 167
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5y0.00 per $1B · 100 pct, sector of 109
New text in Risk Factors, latest 10-K+27.6% · 13 pct, sector of 120
2 not measured: Insider conviction, US patents
Insider conviction needs 1 of 2 inputs, 0 present: no Form 4 purchase or sale (code P or S) in 180 days; no insider trades in 180 days
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
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