Which has the lower trailing P/E, HESM or OII?

OII has the lower trailing P/E: HESM trades at 13.02 and OII at 12.74. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, HESM or OII?

Over the past five years, OII grew revenue faster — HESM at a 7.63% CAGR versus OII at 9.80%.

Does HESM or OII pay a bigger dividend?

HESM pays a dividend (8.18% yield), while OII is a former payer with no current dividend run rate.

Is HESM or OII more profitable?

HESM runs the higher net margin — HESM at 23.29% versus OII at 12.19%.

How have HESM and OII total returns compared?

Over the past 5 years, HESM delivered 14.94% and OII delivered 25.79% annualized total return. Past performance doesn't predict future results.

Hess Midstream LP (HESM) vs Oceaneering International, Inc. (OII)

A side-by-side comparison of Hess Midstream LP and Oceaneering International, Inc. 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.

HESM

Hess Midstream LP

$7.80B

$37.75EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT

OII

Oceaneering International, Inc.

$4.41B

$44.32EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — HESM vs OII

growth of $100 · dividends reinvested · last 9y

HESM +202.4% (+13.1%/yr)OII +67.9% (+5.9%/yr)HESM compounded faster over this window

HESM OII

HESM vs OII: by the numbers

•HESM is the larger company ($7.80B vs $4.41B market cap).
•OII trades at the lower trailing earnings multiple (12.74 vs 13.02 P/E), one valuation lens rather than an overall verdict.
•HESM converts more revenue to profit (23.29% vs 12.19% net margin).
•OII grew revenue faster over the past five years (9.80% vs 7.63% CAGR).
•HESM pays a dividend (8.18% yield), while OII is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	HESM	OII
P/E ratio	13.02	12.74
Forward P/E	12.81	21.62
PEG ratio	0.77	N/A
P/S ratio	4.84	1.54
P/B ratio	15.16	3.77
EV / EBITDA	9.36	11.37
FCF yield	8.90%	5.06%

Profitability

Metric	HESM	OII
Gross margin	80.77%	19.82%
Operating margin	62.21%	10.37%
Net margin	23.29%	12.19%
ROE	72.87%	29.95%
ROIC	20.77%	15.18%

Dividends

Metric	HESM	OII
Dividend yield	8.18%	N/A
Payout ratio	106.44%	N/A

Growth (annualized)

Metric	HESM	OII
Revenue CAGR (5Y)	7.63%	9.80%
EPS CAGR (5Y)	16.63%	N/A
FCF CAGR (5Y)	6.48%	10.69%
Total return CAGR (5Y)	14.94%	25.79%

Frequently asked

Which has the lower trailing P/E, HESM or OII?: OII has the lower trailing P/E: HESM trades at 13.02 and OII at 12.74. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, HESM or OII?: Over the past five years, OII grew revenue faster — HESM at a 7.63% CAGR versus OII at 9.80%.
Does HESM or OII pay a bigger dividend?: HESM pays a dividend (8.18% yield), while OII is a former payer with no current dividend run rate.
Is HESM or OII more profitable?: HESM runs the higher net margin — HESM at 23.29% versus OII at 12.19%.
How have HESM and OII total returns compared?: Over the past 5 years, HESM delivered 14.94% and OII delivered 25.79% annualized total return. Past performance doesn't predict future results.

Go deeper

Full HESM analysis Full OII analysis Interactive comparison tool

Dig into the metrics

Hess Midstream LP P/E ratio Oceaneering International P/E ratio Hess Midstream LP dividend yield Hess Midstream LP ROE Oceaneering International ROE Hess Midstream LP operating margin Oceaneering International operating margin Hess Midstream LP revenue growth Oceaneering International revenue growth Hess Midstream LP free cash flow Oceaneering International free cash flow

Hess Midstream LP & Oceaneering International appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

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.