Enphase Energy, Inc. (ENPH) vs Hess Midstream LP (HESM)
A side-by-side comparison of Enphase Energy, Inc. and Hess Midstream LP across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
ENPH
Enphase Energy, Inc.
$33.47EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
HESM
Hess Midstream LP
$37.75EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — ENPH vs HESM
growth of $100 · dividends reinvested · last 9yENPH +2244.3% (+42.0%/yr)HESM +202.4% (+13.1%/yr)ENPH compounded faster over this window
Log scale — wide-divergence pair
ENPH HESM
ENPH vs HESM: by the numbers
- •HESM is the larger company ($7.80B vs $4.42B market cap).
- •HESM trades at the lower trailing earnings multiple (13.02 vs 33.47 P/E), one valuation lens rather than an overall verdict.
- •HESM converts more revenue to profit (23.29% vs 10.09% net margin).
- •HESM grew revenue faster over the past five years (7.63% vs 4.60% CAGR).
- •HESM pays a dividend (8.18% yield), while ENPH has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ENPH | HESM |
|---|---|---|
| P/E ratio | 33.47 | 13.02 |
| Forward P/E | 16.75 | 12.81 |
| PEG ratio | 5.30 | 0.77 |
| P/S ratio | 3.33 | 4.84 |
| P/B ratio | 3.74 | 15.16 |
| EV / EBITDA | 23.78 | 9.36 |
| FCF yield | 3.45% | 8.90% |
Profitability
| Metric | ENPH | HESM |
|---|---|---|
| Gross margin | 46.95% | 80.77% |
| Operating margin | 8.27% | 62.21% |
| Net margin | 10.09% | 23.29% |
| ROE | 11.34% | 72.87% |
| ROIC | 3.82% | 20.77% |
Dividends
| Metric | ENPH | HESM |
|---|---|---|
| Dividend yield | N/A | 8.18% |
| Payout ratio | N/A | 106.44% |
Growth (annualized)
| Metric | ENPH | HESM |
|---|---|---|
| Revenue CAGR (5Y) | 4.60% | 7.63% |
| EPS CAGR (5Y) | 4.13% | 16.63% |
| FCF CAGR (5Y) | -9.69% | 6.48% |
| Total return CAGR (5Y) | -26.73% | 14.94% |
Frequently asked
- Which has the lower trailing P/E, ENPH or HESM?
- HESM has the lower trailing P/E: ENPH trades at 33.47 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, ENPH or HESM?
- Over the past five years, HESM grew revenue faster — ENPH at a 4.60% CAGR versus HESM at 7.63%.
- Does ENPH or HESM pay a bigger dividend?
- HESM pays a dividend (8.18% yield), while ENPH has no payments in the available dividend history.
- Is ENPH or HESM more profitable?
- HESM runs the higher net margin — ENPH at 10.09% versus HESM at 23.29%.
- How have ENPH and HESM total returns compared?
- Over the past 5 years, ENPH delivered -26.73% and HESM delivered 14.94% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enphase Energy P/E ratioHess Midstream LP P/E ratioHess Midstream LP dividend yieldEnphase Energy ROEHess Midstream LP ROEEnphase Energy operating marginHess Midstream LP operating marginEnphase Energy revenue growthHess Midstream LP revenue growthEnphase Energy free cash flowHess Midstream LP free cash flow
Enphase Energy & 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 2, 2026.