COMPARE · Data as of August 21, 2026
HESM vs TRMD
Verdict: Side-by-side breakdown using the Bull Rankings model. HESM scored 60.8, TRMD scored 53.9 — HESM leads.
Compare another set
Different reporting periods. HESM's fundamentals are as of June 2026, but TRMD'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.
HESM
Hess Midstream LP
60.8
$39.14 · $8.1B
fundamentals as of
Score gap
6.9
HESM leads
TRMD
TORM plc Class A Common Stock
53.9
$31.80 · $3.3B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestTRMD9.3x
- Fastest growthHESM+2.8%
- Strongest balance sheetTRMD0.48
- Highest qualityHESM80 / 100
- Largest discount to fair valueHESM-62%
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)
HESM
stronger →← stronger
TRMD
80
Qualityreturns · margins · balance sheet
70
48
Growthrevenue & earnings expansion
44
58
Valuevaluation vs sector peers
52
HESM is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
HESM
TRMD
$838mC+
FCF
$190mC
+2.8%C
Rev
-14.1%D
9.48D
D/E
0.48B
13.5xB
P/E
9.3xA-
2.74C
PEG
—
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
HESM
TRMD
62% below
Price vs fair valuelower is cheaper
40% above
~-17%/yr
Growth the price implies10-yr FCF · lower = less priced in
~7%/yr
+156%
1-yr DCF upside
-21%
+163%
5-yr DCF upside
-29%
+173%
10-yr DCF upside
-38%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HESM
Why this score
- Buying back stock
- Raising its dividend
TRMD
Why this score
- Diluting shareholders
- Cut its dividend
The companies
HESMHess Midstream LP
Why now
Oil & Gas Midstream · market cap $8.1b. 6% off the 52-week high of $41.75. 6 sell-side analysts rate this an Underperform with a mean 1-yr target of $37.50 (implying -4% 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
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 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.
TRMDTORM plc Class A Common Stock
Why now
Oil & Gas Midstream · market cap $3.3b. 10% off the 52-week high of $35.33. Revenue -14% — in contraction; any catalyst that reverses this triggers re-rating.
Moat
Net margin 21% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Revenue contracting -14% — the operational turn is not yet visible in the top line. Reserve-replacement treadmill — every barrel or ounce extracted has to be replaced through exploration or acquisition; underspending on replacement reserves shows up in production declines 2-3 years out.
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 HESM and TRMD diverge
On the headline score the gap is 6.9 points in favor of HESM. The widest single difference is Quality, where HESM leads by 10.8 points.
- QualityHESM 80.4 · TRMD 69.6HESM +10.8
- ValueHESM 58.4 · TRMD 51.8HESM +6.6
- GrowthHESM 48.0 · TRMD 43.5HESM +4.5
Pillars run 0–100 against sector peers, so a 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.