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Hess Valuation Multiples

Discover revenue and EBITDA valuation multiples for Hess and similar public comparables like TAQA, Dana Gas, and ADNOC Gas.

Hess Overview

About Hess

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.


Founded

1920

HQ

United States of America
Employees

1.8K+

Website

hess.com

Financials

LTM Revenue $12.3B

LTM EBITDA $6.9B

EV

$49.1B

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Hess Financials

Hess has a last 12-month revenue (LTM) of $12.3B and a last 12-month EBITDA of $6.9B.

In the most recent fiscal year, Hess achieved revenue of $12.9B and an EBITDA of $7.3B.

Hess expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Hess P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $12.3B XXX $12.9B XXX XXX XXX
Gross Profit $9.8B XXX $10.2B XXX XXX XXX
Gross Margin 80% XXX 79% XXX XXX XXX
EBITDA $6.9B XXX $7.3B XXX XXX XXX
EBITDA Margin 56% XXX 56% XXX XXX XXX
EBIT $3.9B XXX $4.8B XXX XXX XXX
EBIT Margin 32% XXX 37% XXX XXX XXX
Net Profit $2.4B XXX $2.8B XXX XXX XXX
Net Margin 20% XXX 21% XXX XXX XXX
Net Debt XXX XXX $7.4B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Hess Stock Performance

As of May 30, 2025, Hess's stock price is $132.

Hess has current market cap of $40.9B, and EV of $49.1B.

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Hess Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$49.1B $40.9B XXX XXX XXX XXX $8.13

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Hess Valuation Multiples

As of May 30, 2025, Hess has market cap of $40.9B and EV of $49.1B.

Hess's trades at 3.8x EV/Revenue multiple, and 6.8x EV/EBITDA.

Equity research analysts estimate Hess's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Hess has a P/E ratio of 16.8x.

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Hess Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $40.9B XXX $40.9B XXX XXX XXX
EV (current) $49.1B XXX $49.1B XXX XXX XXX
EV/Revenue 4.0x XXX 3.8x XXX XXX XXX
EV/EBITDA 7.1x XXX 6.8x XXX XXX XXX
EV/EBIT 12.6x XXX 10.3x XXX XXX XXX
EV/Gross Profit 5.0x XXX n/a XXX XXX XXX
P/E 16.8x XXX 14.8x XXX XXX XXX
EV/FCF 62.9x XXX 75.0x XXX XXX XXX

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Hess Margins & Growth Rates

Hess's last 12 month revenue growth is -1%

Hess's revenue per employee in the last FY averaged $7.2M, while opex per employee averaged $3.0M for the same period.

Hess's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hess's rule of X is 53% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Hess Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth -1% XXX 2% XXX XXX XXX
EBITDA Margin 56% XXX 56% XXX XXX XXX
EBITDA Growth -3% XXX 9% XXX XXX XXX
Rule of 40 48% XXX 55% XXX XXX XXX
Bessemer Rule of X XXX XXX 53% XXX XXX XXX
Revenue per Employee XXX XXX $7.2M XXX XXX XXX
Opex per Employee XXX XXX $3.0M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 20% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 42% XXX XXX XXX

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Hess Public Comps

See public comps and valuation multiples for Energy Exploration & Generation and Fossil Fuels comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNOC Drilling Company XXX XXX XXX XXX XXX XXX
ADNOC Gas XXX XXX XXX XXX XXX XXX
Dana Gas XXX XXX XXX XXX XXX XXX
TAQA XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Hess M&A and Investment Activity

Hess acquired  XXX companies to date.

Last acquisition by Hess was  XXXXXXXX, XXXXX XXXXX XXXXXX . Hess acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Hess

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Hess

When was Hess founded? Hess was founded in 1920.
Where is Hess headquartered? Hess is headquartered in United States of America.
How many employees does Hess have? As of today, Hess has 1.8K+ employees.
Who is the CEO of Hess? Hess's CEO is Mr. John B. Hess.
Is Hess publicy listed? Yes, Hess is a public company listed on NYS.
What is the stock symbol of Hess? Hess trades under HES ticker.
When did Hess go public? Hess went public in 1983.
Who are competitors of Hess? Similar companies to Hess include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA.
What is the current market cap of Hess? Hess's current market cap is $40.9B
What is the current revenue of Hess? Hess's last 12 months revenue is $12.3B.
What is the current revenue growth of Hess? Hess revenue growth (NTM/LTM) is -1%.
What is the current EV/Revenue multiple of Hess? Current revenue multiple of Hess is 4.0x.
Is Hess profitable? Yes, Hess is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Hess? Hess's last 12 months EBITDA is $6.9B.
What is Hess's EBITDA margin? Hess's last 12 months EBITDA margin is 56%.
What is the current EV/EBITDA multiple of Hess? Current EBITDA multiple of Hess is 7.1x.
What is the current FCF of Hess? Hess's last 12 months FCF is $780M.
What is Hess's FCF margin? Hess's last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of Hess? Current FCF multiple of Hess is 62.9x.

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