COMPARE · Reviewed July 13, 2026
HESM vs INSW
Verdict: Side-by-side breakdown using the Bull Rankings model. HESM scored 65.3, INSW scored 64.5 — HESM leads.
Compare another set
HESM
Hess Midstream LP
65.3
$39.21 · $8.1B
Score gap
0.8
HESM leads
INSW
International Seaways, Inc.
64.5
$86.17 · $4.3B
The model, pillar by pillar (0–100 each)
HESM
stronger →← stronger
INSW
82
Qualityreturns · margins · balance sheet
90
50
Growthrevenue & earnings expansion
50
68
Valuevaluation vs sector peers
60
HESM and INSW split the three pillars evenly.
Fundamentals, head-to-head
HESM
INSW
$796mC+
FCF
$302mC
+7.1%B
Rev
+14.5%B+
—
D/E
0.28A-
13.4xB+
P/E
8.1xA-
1.62C+
PEG
—
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
HESM
INSW
64% below
Price vs fair valuelower is cheaper
16% above
~-16%/yr
Growth the price implies10-yr FCF · lower = less priced in
~2%/yr
+152%
1-yr DCF upside
-4%
+177%
5-yr DCF upside
-14%
+219%
10-yr DCF upside
-25%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HESM
Why this score
- Raising its dividend
- Diluting shareholders
- Cyclical growth
- Short track record
INSW
Why this score
- Raising its dividend
- Cyclical growth
The companies
HESMHess Midstream LP
Why now
Oil & Gas Midstream · market cap $8.1b. 11% off the 52-week high of $44.14. 6 sell-side analysts rate this an Underperform with a mean 1-yr target of $36.83 (implying -6% 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 — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Dividend payout 103% of earnings on a 7.8% 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.
INSWInternational Seaways, Inc.
Why now
Oil & Gas Midstream · market cap $4.3b. 7% off the 52-week high of $92.66. Revenue growing +14%, comfortably above the S&P median. 6 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $92.83 (implying +8% upside).
Moat
Net margin 55% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 25% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
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.