APA Corporation (APA) vs Hess Midstream LP (HESM)
A side-by-side comparison of APA Corporation and Hess Midstream LP across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 4, 2026. Differences are shown without an overall score or investment verdict.
APA
APA Corporation
$43.68EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
HESM
Hess Midstream LP
$37.75EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — APA vs HESM
growth of $100 · dividends reinvested · last 9yAPA +9.4% (+1.0%/yr)HESM +200.0% (+13.0%/yr)HESM compounded faster over this window
APA HESM
APA vs HESM: by the numbers
- •APA is the larger company ($15.44B vs $7.80B market cap).
- •APA trades at the lower trailing earnings multiple (9.23 vs 13.02 P/E), one valuation lens rather than an overall verdict.
- •HESM converts more revenue to profit (23.29% vs 18.99% net margin).
- •APA grew revenue faster over the past five years (8.16% vs 7.63% CAGR).
- •HESM pays the higher dividend yield (8.18% vs 2.29%).
Metrics side by side
Valuation
| Metric | APA | HESM |
|---|---|---|
| P/E ratio | 9.23 | 13.02 |
| Forward P/E | 7.10 | 12.77 |
| PEG ratio | N/A | 0.77 |
| P/S ratio | 1.75 | 4.84 |
| P/B ratio | 2.20 | 15.16 |
| EV / EBITDA | 5.74 | 9.36 |
| FCF yield | 13.65% | 8.90% |
Profitability
| Metric | APA | HESM |
|---|---|---|
| Gross margin | 38.77% | 80.77% |
| Operating margin | 30.83% | 62.21% |
| Net margin | 18.99% | 23.29% |
| ROE | 23.89% | 72.87% |
| ROIC | 4.28% | 20.77% |
Dividends
| Metric | APA | HESM |
|---|---|---|
| Dividend yield | 2.29% | 8.18% |
| Payout ratio | 21.14% | 106.44% |
Growth (annualized)
| Metric | APA | HESM |
|---|---|---|
| Revenue CAGR (5Y) | 8.16% | 7.63% |
| EPS CAGR (5Y) | N/A | 16.63% |
| FCF CAGR (5Y) | 7.86% | 6.48% |
| Total return CAGR (5Y) | 18.43% | 14.75% |
Frequently asked
- Which has the lower trailing P/E, APA or HESM?
- APA has the lower trailing P/E: APA trades at 9.23 and HESM at 13.02. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, APA or HESM?
- Over the past five years, APA grew revenue faster — APA at a 8.16% CAGR versus HESM at 7.63%.
- Does APA or HESM pay a bigger dividend?
- APA yields 2.29% and HESM yields 8.18% based on trailing dividends and the latest price.
- Is APA or HESM more profitable?
- HESM runs the higher net margin — APA at 18.99% versus HESM at 23.29%.
- How have APA and HESM total returns compared?
- Over the past 5 years, APA delivered 18.43% and HESM delivered 14.75% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
APA P/E ratioHess Midstream LP P/E ratioAPA dividend yieldHess Midstream LP dividend yieldAPA ROEHess Midstream LP ROEAPA operating marginHess Midstream LP operating marginAPA revenue growthHess Midstream LP revenue growthAPA free cash flowHess Midstream LP free cash flow
APA & Hess Midstream LP appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 4, 2026.