Verdict: Side-by-side breakdown using the Bull Rankings model. GLNG scored 35.2, HESM scored 63.3 — HESM leads.
Compare another set
Different reporting periods. HESM's fundamentals are as of June 2026, but GLNG's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
GLNG
Golar LNG Limited
Oil & Gas Midstream · Quality-Growth
35.2
$47.92 · $4.9B
fundamentals as of
Score gap
28.1
HESM leads
HESM
Hess Midstream LP
Oil & Gas Midstream · Quality-Growth
63.3
$32.26 · $6.7B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestHESM11.1x
Fastest growthGLNG+51.1%
Strongest balance sheetGLNG1.22
Highest qualityHESM78 / 100
Largest discount to fair valueHESM-68%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
GLNG
stronger →← stronger
HESM
53
Qualityreturns · margins · balance sheet
78
50
Growthrevenue & earnings expansion
50
16
Valuevaluation vs sector peers
65
HESM is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
GLNG
HESM
$254mC
FCF
$838mC+
+51.1%A
Rev
+8.4%B
1.22C
D/E
9.48D
32.8xC
P/E
11.1xB+
—
PEG
2.20C
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
GLNG
HESM
17% above
Price vs fair valuelower is cheaper
68% below
~10%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~-19%/yr
-20%
1-yr DCF upside
+197%
-14%
5-yr DCF upside
+215%
-7%
10-yr DCF upside
+244%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
GLNG
Why this score
Buying back stock
Cyclical growth
HESM
Why this score
Buying back stock
Raising its dividend
Cyclical growth
The companies
GLNGGolar LNG Limited
Oil & Gas Midstream · $47.92 · beta 0.12
Why now
Oil & Gas Midstream · market cap $4.9b. 17% off the 52-week high of $57.79. Revenue growing +51% — in hypergrowth territory. 8 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $66.31 (implying +38% upside).
Moat
Net margin 17% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. Free cash flow runs well ahead of reported net income.
Risk
Trailing P/E 33x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. P/S 12.4x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. ROE 3% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
HESMHess Midstream LP
Oil & Gas Midstream · $32.26 · beta 0.56
Why now
Oil & Gas Midstream · market cap $6.7b. Down 22% from 52-week high of $41.44 — deep drawdown territory. 6 sell-side analysts rate this an Underperform with a mean 1-yr target of $37.50 (implying +16% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. Free cash flow runs well ahead of reported net income, mostly because of depreciation and amortization ($224m) — non-cash charges that hold down reported earnings while cash generation stays strong.
Risk
D/E 9.48 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Dividend payout 105% of earnings on a 9.1% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Hedge-book exposure — many commodity producers hedge forward production; if the hedge book is concentrated at prices well below spot, the upside the market expects is already locked away.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where GLNG and HESM diverge
On the headline score the gap is 28.1 points in favor of HESM. The widest single difference is Value, where HESM leads by 48.1 points.
ValueGLNG 16.5 · HESM 64.6HESM +48.1
QualityGLNG 53.2 · HESM 78.4HESM +25.2
GrowthGLNG 50.0 · HESM 50.0level
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is HESM or GLNG the better stock?
HESM scores higher: HESM 63.3, GLNG 35.2 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do HESM and GLNG differ most?
The widest gap is value, where HESM leads by 48 points on the 0–100 pillar scale. HESM also leads quality, while growth is effectively level between them.
How are HESM and GLNG scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.