DT Midstream, Inc. (DTM) vs Hess Midstream Partners LP (HESM)

DT Midstream, Inc. and Hess Midstream Partners LP are both Oil & Gas Midstream companies. DT Midstream, Inc. is the larger, with a market value of $12.7B against $7.9B — 1.6× the size. Hess Midstream Partners LP trades at the lower P/E: 13.2× against 26.7×. DT Midstream, Inc. grew revenue faster over the last twelve months: 18.1% against 2.78%. DT Midstream, Inc. has the higher net margin (35.7% vs 23.2%) and the lower return on invested capital (5.03% vs 15.4%). Both pay a dividend; Hess Midstream Partners LP yields more (8.10% vs 5.34%). Across the 22 metrics below, Hess Midstream Partners LP leads on 15 and DT Midstream, Inc. on 7.

Valuation

Metric DTM HESM Oil & Gas Midstream median
P/E 26.69 13.19 13.19
P/S 9.54 3.04 2.60
P/B 2.54 12.66 2.08
Price to free cash flow 26.03 5.86 10.14
EV/EBITDA 16.76 6.94 8.11
EV/Sales 11.97 5.32 3.89
Earnings yield 3.75% 7.58% 6.83%
Free cash flow yield 3.84% 17.06% 6.94%

Profitability

Metric DTM HESM Oil & Gas Midstream median
Gross margin 100.00% 100.00% 58.81%
Operating margin 49.62% 62.06% 32.14%
Net margin 35.73% 23.23% 21.16%
Free cash flow margin 36.64% 51.90% 10.15%
Return on equity 9.61% 83.74% 11.30%
Return on assets 4.64% 8.64% 5.00%
Return on invested capital 5.03% 15.41% 6.13%

Growth

Metric DTM HESM Oil & Gas Midstream median
Revenue growth (TTM) 18.12% 2.78% 15.44%
EPS growth (last fiscal year) 19.44% 14.86% —
Revenue growth, 5-year CAGR 10.51% 8.23% 8.96%
Net income growth, 5-year CAGR 7.17% 71.19% 0.00%

Health

Metric DTM HESM Oil & Gas Midstream median
Debt to equity 0.68 9.48 0.78
Current ratio 1.37 0.77 1.19
Net debt to EBITDA 3.68 3.05 3.42

Dividend

Metric DTM HESM Oil & Gas Midstream median
Dividend yield 5.34% 8.10% 7.29%
Payout ratio 0.70 — 0.64

Size

Metric DTM HESM Oil & Gas Midstream median
Market cap 12.73b 7.93b 3.61b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack