HESM FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
HESM's fcf yield is lower than 95% of the last 10 years.
FCF Yield History
HESM FCF Yield by year
Yearly range of HESM’s fcf yield from 2017 to 2026. Over the full period it ranged from 9.6% to 135.8%, averaging 37.9%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.3% | 13.0% | 14.4% | 13.6% |
| 2025 | 12.6% | 15.2% | 17.2% | 13.1% |
| 2024 | 16.5% | 23.4% | 30.1% | 16.5% |
| 2023 | 30.2% | 42.8% | 54.4% | 31.4% |
| 2022 | 43.8% | 55.4% | 68.4% | 48.7% |
| 2021 | 69.1% | 85.9% | 97.8% | 69.1% |
| 2020 | 16.6% | 65.4% | 135.8% | 94.9% |
| 2019 | 18.7% | 23.0% | 26.8% | 18.7% |
| 2018 | 22.0% | 25.9% | 31.9% | 27.8% |
| 2017 | 9.6% | 15.1% | 20.9% | 19.6% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is HESM FCF Yield High or Low Right Now?
Hess Midstream LP's FCF Yield is currently 13.6%, which is near historic low relative to its 10-year historical range. The 10-year median FCF Yield for HESM is approximately 25.8%. See all HESM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.