COMP <GO>
HESM vs CVX // EV/EBITDA & P/E VALUATION
Hess Midstream LP Class A Representing Limited Partner Interests (NYSE) VS. Chevron Corporation (NYSE) • 15-METRIC TALLY: HESM 8
— CVX 6
▲ EV/EBITDA & P/E VALUATION LEADER: HESM
HESM — Hess Midstream LP Class A Representing Limited Partner Interests SUPERIOR
ROARABLE C • RQD 62/100
LAST: $32.71 (+1.43%) • MKT CAP: $4.14B
valuation
6.4x
LAST: $235.52 (+1.75%) • MKT CAP: $457.31B
valuation
21.5x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HESM VS. CVX)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HESM | CVX | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.30% | -0.30 | CVX | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 19.10% | 5.80% | +13.30 | HESM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 6.4x | 21.5x | -15.10 | HESM | /valuation <GO> |
| Free Cash Flow Yield | 17.59% | 5.61% | +11.98 | HESM | /fcf-yield <GO> |
| Operating Margin | 62.20% | 8.10% | +54.10 | HESM | /operating-margins <GO> |
| Net Profit Margin | 21.80% | 6.70% | +15.10 | HESM | /net-margins <GO> |
| Revenue Growth (YoY) | 8.40% | -4.60% | +13.00 | HESM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.79% | -2.79 | CVX | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.80 | 3.71 | -1.91 | CVX | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.00% | 7.10% | -0.10 | HESM | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 45.2 | 72.8 | -27.64 | CVX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.03 | 1.07 | -0.04 | CVX | /macro-sensitivity <GO> |
| Forward P/E Multiple | 10.9x | 34.6x | -23.70 | HESM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $4.14B | $457.31B | -$453.17B | CVX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HESM REV | CVX REV | HESM GROSS % | CVX GROSS % | HESM FCF | CVX FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.62B | $184.43B | 44.0% | 41.3% | $728.2M | $25.64B |
| FY 2024 | $1.50B | $193.41B | 44.0% | 38.4% | $634.2M | $22.79B |
| FY 2023 | $1.35B | $196.91B | 44.0% | 44.0% | $805.7M | $26.75B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HESM // BETA 1.03
CVX // BETA 1.07