Hess (HES) Financials

$132.58 +1.22 (+0.93%)

Closing price 03:59 PM Eastern

Extended Trading

$133.32 +0.75 (+0.56%)

As of 06:38 PM Eastern

Annual Income Statements for Hess

This table shows Hess' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,769	1,382	2,096	559	-3,093	-412	-328	-4,120	-6,173	-3,056
Consolidated Net Income / (Loss)	3,152	1,738	2,447	890	-2,839	-240	-115	-3,941	-6,076	-3,007
Net Income / (Loss) Continuing Operations	3,152	1,738	2,447	890	-2,839	-240	-115	-3,941	-6,076	-2,959
Total Pre-Tax Income	4,354	2,471	3,546	1,490	-2,850	221	220	-5,778	-3,854	-4,258
Total Operating Income	4,645	2,339	3,894	1,890	-2,850	601	619	-5,778	-3,854	-4,258
Total Gross Profit	10,276	7,779	7,996	5,439	4,804	4,774	4,695	4,124	3,776	5,267
Total Revenue	12,896	10,511	11,324	7,473	4,804	6,510	6,466	5,391	4,839	6,561
Operating Revenue	12,896	10,511	11,324	7,473	4,804	6,510	6,466	5,391	4,839	6,561
Total Cost of Revenue	2,620	2,732	3,328	2,034	0.00	1,736	1,771	1,267	1,063	1,294
Operating Cost of Revenue	2,620	2,732	3,328	2,034	-	1,736	1,771	1,267	1,063	1,294
Total Operating Expenses	5,631	5,440	4,102	3,549	7,654	4,173	4,076	9,902	7,630	9,525
Selling, General & Admin Expense	2,453	2,303	1,983	1,569	1,575	397	473	1,865	2,290	2,586
Marketing Expense	234	216	255	172	1,060	184	171	119	101	146
Exploration Expense	326	317	208	162	351	233	362	507	1,442	881
Depreciation Expense	2,487	2,046	1,703	1,528	2,074	2,122	1,883	2,883	3,244	3,955
Impairment Charge	132	82	54	147	2,126	-	0.00	4,203	67	1,616
Other Special Charges / (Income)	-1.00	-2.00	-101	-29	-	1,237	1,134	0.00	148	0.00
Total Other Income / (Expense), net	-291	132	-348	-400	0.00	-380	-399	0.00	0.00	0.00
Interest Expense	412	-	493	481	-	380	399	-	-	-
Other Income / (Expense), net	121	132	145	81	-	-	-	-	-	-
Income Tax Expense	1,202	733	1,099	600	-11	461	335	-1,837	2,222	-1,299
Net Income / (Loss) Attributable to Noncontrolling Interest	383	356	351	331	254	168	167	133	56	49
Basic Earnings per Share	$9.03	$4.52	$6.80	$1.82	($10.15)	($1.37)	($1.10)	($13.12)	($19.92)	($10.78)
Weighted Average Basic Shares Outstanding	306.80M	305.90M	308.10M	307.40M	304.80M	301.20M	298.20M	314.10M	309.90M	283.60M
Diluted Earnings per Share	$8.98	$4.49	$6.77	$1.81	($10.15)	($1.37)	($1.10)	($13.12)	($19.92)	($10.78)
Weighted Average Diluted Shares Outstanding	308.30M	307.60M	309.60M	309.30M	304.80M	301.20M	298.20M	314.10M	309.90M	283.60M
Weighted Average Basic & Diluted Shares Outstanding	308.29M	307.15M	306.18M	309.75M	306.99M	301.20M	298.20M	314.10M	309.90M	283.60M
Cash Dividends to Common per Share	$1.88	$1.75	$1.50	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00

This table shows Hess' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	430	542	498	757	972	413	504	119	346	497	515
Consolidated Net Income / (Loss)	522	640	594	851	1,067	503	602	205	428	582	606
Net Income / (Loss) Continuing Operations	522	640	594	851	1,067	503	602	205	428	582	606
Total Pre-Tax Income	781	928	864	1,147	1,415	685	817	365	604	874	888
Total Operating Income	755	1,209	959	1,094	1,383	539	782	456	562	1,075	978
Total Gross Profit	2,334	2,541	2,478	2,570	2,687	2,125	2,104	1,742	1,808	2,113	2,140
Total Revenue	2,912	3,194	3,191	3,202	3,309	3,011	2,800	2,289	2,411	2,934	3,122
Total Cost of Revenue	578	653	713	632	622	886	696	547	603	821	982
Operating Cost of Revenue	578	653	713	632	622	886	696	547	603	821	982
Total Operating Expenses	1,579	1,332	1,519	1,476	1,304	1,586	1,322	1,286	1,246	1,038	1,162
Selling, General & Admin Expense	741	667	645	605	536	641	582	562	518	602	507
Marketing Expense	51	53	61	64	56	61	61	46	48	55	72
Exploration Expense	76	139	44	101	42	87	65	99	66	74	58
Depreciation Expense	619	692	638	600	557	559	499	497	491	504	471
Other Operating Expenses / (Income)	92	-	-	106	113	-	117	-	123	-	-
Total Other Income / (Expense), net	26	-281	-95	53	32	146	35	-91	42	-201	-90
Other Income / (Expense), net	26	31	5.00	53	32	24	35	31	42	44	35
Income Tax Expense	259	288	270	296	348	182	215	160	176	292	282
Net Income / (Loss) Attributable to Noncontrolling Interest	92	98	96	94	95	90	98	86	82	85	91
Basic Earnings per Share	$1.40	$1.77	$1.62	$2.47	$3.17	$1.35	$1.65	$0.39	$1.13	$1.63	$1.67
Weighted Average Basic Shares Outstanding	307.40M	306.80M	306.90M	306.90M	306.40M	305.90M	306.10M	306M	305.40M	308.10M	307.60M
Diluted Earnings per Share	$1.39	$1.74	$1.62	$2.46	$3.16	$1.33	$1.64	$0.39	$1.13	$1.61	$1.67
Weighted Average Diluted Shares Outstanding	308.60M	308.30M	308.30M	308.30M	307.90M	307.60M	307.70M	307.50M	307.30M	309.60M	308.90M
Weighted Average Basic & Diluted Shares Outstanding	309.27M	308.29M	308.12M	308.11M	308.11M	307.15M	307.15M	307.06M	307.05M	306.18M	308.31M
Cash Dividends to Common per Share	$0.50	$0.50	$0.50	$0.44	$0.44	$0.44	$0.44	$0.44	$0.44	$0.38	$0.38

This table details how cash moves in and out of Hess' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-517	-798	-227	974	194	-1,149	-2,153	2,115	16	272
Net Cash From Operating Activities	5,600	3,942	3,944	2,890	1,333	1,642	1,939	945	795	1,981
Net Cash From Continuing Operating Activities	5,600	3,942	3,944	2,890	1,333	1,642	1,939	945	795	2,016
Net Income / (Loss) Continuing Operations	3,152	1,738	2,447	890	-2,839	-240	-115	-3,941	-6,076	-2,959
Consolidated Net Income / (Loss)	3,152	1,738	2,447	890	-2,839	-240	-115	-3,941	-6,076	-3,007
Depreciation Expense	2,487	2,046	1,703	1,528	2,074	2,122	1,883	2,883	3,244	3,955
Amortization Expense	35	0.00	0.00	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	412	514	662	451	2,621	338	481	4,803	1,474	2,327
Changes in Operating Assets and Liabilities, net	-486	-356	-868	21	-523	-578	-310	-2,800	2,153	-1,307
Net Cash From Investing Activities	-4,937	-4,113	-2,555	-1,325	-1,707	-2,843	-1,566	1,358	-2,090	-4,206
Net Cash From Continuing Investing Activities	-4,937	-4,113	-2,555	-1,325	-1,707	-2,843	-1,566	1,358	-2,090	-4,315
Purchase of Property, Plant & Equipment	-306	-224	-238	-163	-301	-396	-243	-149	-277	-369
Acquisitions	-4,640	-3,884	-2,487	-1,584	-1,896	-2,466	-1,921	-1,788	-1,974	-3,952
Divestitures	16	3.00	178	427	493	22	607	3,296	140	50
Other Investing Activities, net	-7.00	-8.00	-8.00	-5.00	-3.00	-3.00	-9.00	-1.00	21	-44
Net Cash From Financing Activities	-1,180	-627	-1,616	-591	568	52	-2,526	-188	1,311	2,497
Net Cash From Continuing Financing Activities	-1,180	-627	-1,616	-591	568	52	-2,526	-188	1,311	2,497
Repayment of Debt	-335	315	-620	-611	130	-37	-633	-638	-1,456	30
Repurchase of Common Equity	0.00	-20	-630	0.00	0.00	-25	-1,365	-110	0.00	-142
Payment of Dividends	-1,130	-1,089	-975	-975	-570	-669	-556	-606	-373	2,009
Issuance of Debt	275	0.00	420	750	1,000	792	28	800	1,496	600
Other Financing Activities, net	10	167	189	245	8.00	-9.00	0.00	366	0.00	0.00

This table details how cash moves in and out of Hess' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	153	-693	-161	587	-250	-330	-208	126	-386	102	225
Net Cash From Operating Activities	1,401	1,312	1,510	1,893	885	1,344	986	974	638	1,252	1,339
Net Cash From Continuing Operating Activities	1,401	1,312	1,510	1,893	885	1,344	986	974	638	1,252	1,339
Net Income / (Loss) Continuing Operations	522	640	594	851	1,067	503	602	205	428	582	606
Consolidated Net Income / (Loss)	522	640	594	851	1,067	503	602	205	428	582	606
Depreciation Expense	619	692	638	600	557	559	499	497	491	504	471
Non-Cash Adjustments To Reconcile Net Income	71	119	161	90	42	140	81	222	71	149	259
Changes in Operating Assets and Liabilities, net	189	-139	82	352	-781	142	-196	50	-352	17	3.00
Net Cash From Investing Activities	-1,010	-1,741	-1,086	-1,152	-958	-1,447	-1,004	-821	-841	-647	-727
Net Cash From Continuing Investing Activities	-1,010	-1,741	-1,086	-1,152	-958	-1,447	-1,004	-821	-841	-647	-727
Purchase of Property, Plant & Equipment	-46	-95	-92	-64	-55	-64	-53	-43	-64	-61	-66
Acquisitions	-966	-1,661	-990	-1,087	-902	-1,380	-953	-778	-773	-732	-657
Divestitures	2.00	15	-	-	-	-	-	-	-	150	-
Other Investing Activities, net	0.00	-	-5.00	-1.00	-1.00	-3.00	-1.00	-	-4.00	-4.00	-4.00
Net Cash From Financing Activities	-238	-264	-585	-154	-177	-227	-190	-27	-183	-503	-387
Net Cash From Continuing Financing Activities	-238	-264	-585	-154	-177	-227	-190	-27	-183	-503	-387
Repayment of Debt	-704	302	-274	-466	103	61	77	73	104	-22	-66
Payment of Dividends	-313	-246	-308	-288	-288	-285	-270	-266	-268	-195	-194
Issuance of Debt	800	-325	-	600	0.00	-	-	-	0.00	-	20
Other Financing Activities, net	-21	5.00	-3.00	-	8.00	-3.00	3.00	166	1.00	4.00	3.00

This table presents Hess' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	26,551	24,007	21,695	20,515	18,821	21,782	21,433	23,112	28,621	34,157
Total Current Assets	3,173	3,430	3,931	4,346	3,081	3,156	4,459	6,157	4,276	4,404
Cash & Equivalents	1,171	1,688	2,486	2,713	1,739	1,545	2,694	4,847	2,732	2,716
Accounts Receivable	196	150	121	149	150	230	230	1,024	1,026	1,159
Inventories, net	419	304	217	223	378	261	245	232	323	399
Other Current Assets	1,387	1,288	1,107	1,261	814	1,120	1,290	54	195	130
Plant, Property, & Equipment, net	19,921	17,432	15,098	14,182	14,115	16,814	16,083	16,192	23,595	26,352
Plant, Property & Equipment, gross	41,023	36,771	32,592	31,178	30,519	35,820	33,222	32,504	46,907	46,826
Accumulated Depreciation	21,102	19,339	17,494	16,996	16,404	19,006	17,139	16,312	23,312	20,474
Total Noncurrent Assets	3,457	3,145	2,666	1,987	1,625	1,812	891	763	750	3,401
Noncurrent Note & Lease Receivables	90	108	126	144	168	299	0.00	-	-	-
Goodwill	360	360	360	360	360	360	360	360	375	375
Noncurrent Deferred & Refundable Income Taxes	579	320	133	71	59	80	21	21	59	2,653
Employee Benefit Assets	655	685	648	409	45	-	-	-	-	-
Other Noncurrent Operating Assets	1,773	1,672	1,399	1,003	993	1,073	510	382	316	373
Total Liabilities & Shareholders' Equity	26,551	24,007	21,695	20,515	18,821	21,782	21,433	23,112	28,621	34,157
Total Liabilities	14,548	14,405	13,199	13,489	12,486	12,076	10,545	10,758	13,030	13,756
Total Current Liabilities	2,826	3,270	2,396	3,064	1,623	2,510	2,203	2,435	2,251	2,628
Short-Term Debt	369	681	224	606	91	199	67	580	112	86
Accounts Payable	417	402	285	220	200	411	495	435	433	457
Accrued Expenses	1,942	2,102	1,840	1,710	1,251	1,803	1,560	1,337	1,609	1,997
Current Deferred & Payable Income Tax Liabilities	98	85	47	528	81	97	81	83	97	88
Total Noncurrent Liabilities	11,722	11,135	10,803	10,425	10,863	9,566	8,342	8,323	10,779	11,128
Long-Term Debt	8,555	8,302	8,278	7,941	8,286	7,142	6,605	6,397	6,694	6,506
Asset Retirement Reserve & Litigation Obligation	1,377	1,186	1,034	1,005	894	897	741	753	1,912	2,158
Noncurrent Deferred & Payable Income Tax Liabilities	784	608	418	383	342	415	421	429	1,144	1,334
Other Noncurrent Operating Liabilities	1,006	1,039	1,073	1,096	1,341	1,112	575	744	1,029	1,130
Total Equity & Noncontrolling Interests	12,003	9,602	8,496	7,026	6,335	9,706	10,888	12,354	15,591	20,401
Total Preferred & Common Equity	11,216	8,986	7,855	6,300	5,366	8,732	9,629	11,051	14,534	19,386
Total Common Equity	11,216	8,986	7,855	6,300	5,366	8,732	9,628	11,050	14,533	19,386
Common Stock	6,924	6,802	6,512	6,327	5,991	5,896	5,677	6,139	6,090	4,413
Retained Earnings	4,500	2,318	1,474	379	130	3,535	4,257	5,597	10,147	16,637
Accumulated Other Comprehensive Income / (Loss)	-208	-134	-131	-406	-755	-699	-306	-686	-1,704	-1,664
Noncontrolling Interest	787	616	641	726	969	974	1,259	1,303	1,057	1,015

This table presents Hess' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	27,138	26,551	26,233	25,810	24,719	24,007	23,201	22,230	21,938	21,695	21,643
Total Current Assets	3,076	3,173	3,707	3,833	3,624	3,430	3,916	3,704	3,799	3,931	4,123
Cash & Equivalents	1,324	1,171	1,864	2,025	1,438	1,688	2,018	2,226	2,100	2,486	2,384
Accounts Receivable	176	196	189	198	165	150	174	151	143	121	134
Inventories, net	472	419	397	382	382	304	333	278	229	217	278
Other Current Assets	1,104	1,387	1,257	1,228	1,639	1,288	1,391	1,049	1,327	1,107	1,327
Plant, Property, & Equipment, net	20,422	19,921	18,963	18,429	17,827	17,432	16,421	15,741	15,412	15,098	15,092
Plant, Property & Equipment, gross	42,124	41,023	39,432	38,861	37,706	36,771	35,223	34,073	33,276	32,592	32,356
Accumulated Depreciation	21,702	21,102	20,469	20,432	19,879	19,339	18,802	18,332	17,864	17,494	17,264
Total Noncurrent Assets	3,640	3,457	3,563	3,548	3,268	3,145	2,864	2,785	2,727	2,666	2,428
Noncurrent Note & Lease Receivables	86	90	95	100	104	108	113	117	121	126	131
Goodwill	360	360	360	360	360	360	360	360	360	360	360
Noncurrent Deferred & Refundable Income Taxes	705	579	607	499	408	320	291	214	131	133	139
Employee Benefit Assets	666	655	634	689	695	685	668	664	663	648	617
Other Noncurrent Operating Assets	1,823	1,773	1,867	1,900	1,701	1,672	1,432	1,430	1,452	1,399	1,181
Total Liabilities & Shareholders' Equity	27,138	26,551	26,233	25,810	24,719	24,007	23,201	22,230	21,938	21,695	21,643
Total Liabilities	14,753	14,548	14,631	14,609	14,188	14,405	13,902	13,328	13,217	13,199	13,449
Total Current Liabilities	2,850	2,826	2,940	3,021	2,951	3,270	2,996	2,403	2,308	2,396	2,312
Short-Term Debt	371	369	342	671	679	681	507	230	242	224	121
Accounts Payable	437	417	391	434	403	402	426	350	344	285	321
Accrued Expenses	1,937	1,942	2,119	1,807	1,774	2,102	1,954	1,754	1,663	1,840	1,703
Current Deferred & Payable Income Tax Liabilities	105	98	88	109	95	85	109	69	59	47	167
Total Noncurrent Liabilities	11,903	11,722	11,691	11,588	11,237	11,135	10,906	10,925	10,909	10,803	11,137
Long-Term Debt	8,654	8,555	8,576	8,548	8,415	8,302	8,241	8,459	8,382	8,278	8,303
Asset Retirement Reserve & Litigation Obligation	1,434	1,377	1,335	1,252	1,192	1,186	1,113	960	1,050	1,034	1,062
Noncurrent Deferred & Payable Income Tax Liabilities	871	784	739	689	657	608	551	497	454	418	604
Other Noncurrent Operating Liabilities	944	1,006	1,041	1,099	973	1,039	1,001	1,009	1,023	1,073	1,168
Total Equity & Noncontrolling Interests	12,385	12,003	11,602	11,201	10,531	9,602	9,299	8,902	8,721	8,496	8,194
Total Preferred & Common Equity	11,521	11,216	10,821	10,487	9,868	8,986	8,631	8,272	8,133	7,855	7,559
Total Common Equity	11,521	11,216	10,821	10,487	9,868	8,986	8,631	8,272	8,133	7,855	7,559
Common Stock	6,971	6,924	6,895	6,874	6,853	6,802	6,784	6,749	6,561	6,512	6,535
Retained Earnings	4,756	4,500	4,115	3,771	3,149	2,318	2,039	1,670	1,686	1,474	1,354
Accumulated Other Comprehensive Income / (Loss)	-206	-208	-189	-158	-134	-134	-192	-147	-114	-131	-330
Noncontrolling Interest	864	787	781	714	663	616	668	630	588	641	635

This table displays calculated financial ratios and metrics derived from Hess' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.69%	-7.18%	51.53%	55.56%	-26.21%	0.68%	19.94%	11.41%	-26.25%	-42.64%
EBITDA Growth	61.35%	-21.33%	64.10%	550.90%	-128.50%	8.83%	186.42%	-374.59%	-101.32%	-105.35%
EBIT Growth	92.88%	-38.82%	104.92%	169.16%	-574.21%	-2.91%	110.71%	-49.92%	9.49%	-274.79%
NOPAT Growth	104.40%	-38.78%	138.03%	156.59%	-205.67%	-101.71%	92.00%	-49.92%	9.49%	-276.16%
Net Income Growth	81.36%	-28.97%	174.94%	131.35%	-1,082.92%	-108.70%	97.08%	35.14%	-102.06%	-226.66%
EPS Growth	100.00%	-33.68%	274.03%	117.83%	-640.88%	-24.55%	91.62%	34.14%	-84.79%	-243.16%
Operating Cash Flow Growth	42.06%	-0.05%	36.47%	116.80%	-18.82%	-15.32%	105.19%	18.87%	-59.87%	-55.55%
Free Cash Flow Firm Growth	168.08%	-171.47%	-16.65%	132.57%	141.44%	-82.64%	-162.09%	-40.63%	237.26%	-130.34%
Invested Capital Growth	16.92%	16.43%	12.85%	-0.87%	-16.31%	4.28%	2.64%	-26.35%	-19.00%	-6.13%
Revenue Q/Q Growth	1.44%	0.74%	7.49%	10.79%	-6.32%	0.91%	6.44%	-1.64%	-0.12%	-22.20%
EBITDA Q/Q Growth	5.30%	-9.98%	6.65%	48.83%	-86.54%	-10.93%	877.02%	-44.39%	37.05%	-117.53%
EBIT Q/Q Growth	4.36%	-18.37%	6.65%	168.16%	-10.04%	-39.17%	126.70%	-15.33%	12.96%	-100.94%
NOPAT Q/Q Growth	2.97%	-16.23%	3.51%	192.95%	-10.04%	-893.77%	80.06%	-15.33%	12.96%	-100.94%
Net Income Q/Q Growth	4.54%	-4.35%	10.18%	75.54%	5.21%	-943.48%	95.87%	36.48%	-104.10%	-147.49%
EPS Q/Q Growth	4.78%	-5.87%	12.46%	178.46%	4.15%	-98.55%	88.55%	35.50%	-88.46%	-151.87%
Operating Cash Flow Q/Q Growth	-0.57%	2.39%	9.83%	16.67%	17.65%	-26.60%	38.40%	1.83%	-27.20%	-18.54%
Free Cash Flow Firm Q/Q Growth	-21.16%	-538.13%	30.38%	-35.90%	178.18%	-190.45%	-131.26%	-56.29%	199.67%	-8.17%
Invested Capital Q/Q Growth	5.90%	5.42%	1.95%	3.44%	-7.23%	2.57%	0.88%	-22.20%	-20.46%	-6.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.68%	74.01%	70.61%	72.78%	100.00%	73.33%	72.61%	76.50%	78.03%	80.28%
EBITDA Margin	56.51%	42.97%	50.71%	46.82%	-16.15%	41.83%	38.69%	-53.70%	-12.61%	-4.62%
Operating Margin	36.02%	22.25%	34.39%	25.29%	-59.33%	9.23%	9.57%	-107.18%	-79.64%	-64.90%
EBIT Margin	36.96%	23.51%	35.67%	26.37%	-59.33%	9.23%	9.57%	-107.18%	-79.64%	-64.90%
Profit (Net Income) Margin	24.44%	16.54%	21.61%	11.91%	-59.10%	-3.69%	-1.78%	-73.10%	-125.56%	-45.83%
Tax Burden Percent	72.39%	70.34%	69.01%	59.73%	99.61%	-108.60%	-52.27%	68.21%	157.65%	70.62%
Interest Burden Percent	91.36%	100.00%	87.79%	75.60%	100.00%	36.77%	35.54%	100.00%	100.00%	100.00%
Effective Tax Rate	27.61%	29.66%	30.99%	40.27%	0.00%	208.60%	152.27%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	18.35%	10.48%	19.63%	8.74%	-14.01%	-4.30%	-2.20%	-23.69%	-12.28%	-11.89%
ROIC Less NNEP Spread (ROIC-NNEP)	15.55%	11.87%	15.58%	4.91%	-27.59%	4.15%	4.62%	-20.35%	-97.27%	-12.60%
Return on Net Nonoperating Assets (RNNOA)	10.83%	8.73%	11.90%	4.58%	-21.38%	1.97%	1.22%	-4.52%	-21.48%	-2.19%
Return on Equity (ROE)	29.18%	19.21%	31.53%	13.32%	-35.40%	-2.33%	-0.99%	-28.21%	-33.76%	-14.08%
Cash Return on Invested Capital (CROIC)	2.75%	-4.71%	7.56%	9.62%	3.75%	-8.49%	-4.81%	6.66%	8.71%	-5.56%
Operating Return on Assets (OROA)	18.85%	10.81%	19.14%	10.02%	-14.04%	2.78%	2.78%	-22.34%	-12.28%	-11.74%
Return on Assets (ROA)	12.47%	7.61%	11.59%	4.53%	-13.98%	-1.11%	-0.52%	-15.24%	-19.36%	-8.29%
Return on Common Equity (ROCE)	27.28%	17.87%	28.75%	11.63%	-31.11%	-2.08%	-0.88%	-25.82%	-31.82%	-13.71%
Return on Equity Simple (ROE_SIMPLE)	28.10%	19.34%	31.15%	14.13%	-52.91%	-2.75%	-1.19%	-35.66%	-41.81%	-15.51%
Net Operating Profit after Tax (NOPAT)	3,363	1,645	2,687	1,129	-1,995	-653	-324	-4,045	-2,698	-2,981
NOPAT Margin	26.08%	15.65%	23.73%	15.11%	-41.53%	-10.03%	-5.00%	-75.03%	-55.75%	-45.43%
Net Nonoperating Expense Percent (NNEP)	2.80%	-1.40%	4.05%	3.83%	13.58%	-8.44%	-6.83%	-3.34%	84.99%	0.71%
Return On Investment Capital (ROIC_SIMPLE)	16.07%	8.85%	15.81%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	20.32%	25.99%	29.39%	27.22%	0.00%	26.67%	27.39%	23.50%	21.97%	19.72%
SG&A Expenses to Revenue	19.02%	21.91%	17.51%	21.00%	32.79%	6.10%	7.32%	34.59%	47.32%	39.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.66%	51.76%	36.22%	47.49%	159.33%	64.10%	63.04%	183.68%	157.68%	145.18%
Earnings before Interest and Taxes (EBIT)	4,766	2,471	4,039	1,971	-2,850	601	619	-5,778	-3,854	-4,258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,288	4,517	5,742	3,499	-776	2,723	2,502	-2,895	-610	-303
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.65	4.86	5.43	3.53	2.89	2.18	1.15	1.23	1.20	0.62
Price to Tangible Book Value (P/TBV)	3.78	5.06	5.69	3.74	3.10	2.27	1.19	1.28	1.23	0.63
Price to Revenue (P/Rev)	3.18	4.16	3.76	2.98	3.23	2.92	1.71	2.53	3.60	1.83
Price to Earnings (P/E)	14.80	31.61	20.33	39.77	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.41%	1.23%	1.09%	1.39%	1.98%	1.60%	2.68%	2.33%	1.82%	2.38%
Earnings Yield	6.76%	3.16%	4.92%	2.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.51	3.05	3.40	2.24	1.78	1.66	1.09	1.18	1.15	0.70
Enterprise Value to Revenue (EV/Rev)	3.84	4.91	4.35	3.85	4.81	3.96	2.52	3.17	4.66	2.58
Enterprise Value to EBITDA (EV/EBITDA)	6.80	11.42	8.58	8.23	0.00	9.48	6.51	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	10.39	20.88	12.20	14.61	0.00	42.94	26.29	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.73	31.36	18.34	25.50	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.84	13.09	12.49	9.96	17.35	15.72	8.39	18.06	28.37	8.54
Enterprise Value to Free Cash Flow (EV/FCFF)	98.33	0.00	47.60	23.18	43.30	0.00	0.00	15.02	11.78	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.94	1.00	1.22	1.32	0.76	0.61	0.56	0.44	0.32
Long-Term Debt to Equity	0.71	0.86	0.97	1.13	1.31	0.74	0.61	0.52	0.43	0.32
Financial Leverage	0.70	0.74	0.76	0.93	0.78	0.47	0.26	0.22	0.22	0.17
Leverage Ratio	2.34	2.53	2.72	2.94	2.53	2.10	1.92	1.85	1.74	1.70
Compound Leverage Factor	2.14	2.53	2.39	2.23	2.53	0.77	0.68	1.85	1.74	1.70
Debt to Total Capital	42.64%	48.33%	50.02%	54.88%	56.94%	43.06%	38.00%	36.09%	30.39%	24.42%
Short-Term Debt to Total Capital	1.76%	3.66%	1.32%	3.89%	0.62%	1.17%	0.38%	3.00%	0.50%	0.32%
Long-Term Debt to Total Capital	40.88%	44.67%	48.70%	50.99%	56.32%	41.90%	37.61%	33.09%	29.89%	24.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.76%	3.31%	3.77%	4.66%	6.59%	5.71%	7.17%	6.74%	4.72%	3.76%
Common Equity to Total Capital	53.60%	48.35%	46.21%	40.45%	36.47%	51.22%	54.83%	57.16%	64.89%	71.82%
Debt to EBITDA	1.22	1.99	1.48	2.44	-10.80	2.70	2.67	-2.41	-11.16	-21.76
Net Debt to EBITDA	1.06	1.62	1.05	1.67	-8.55	2.13	1.59	-0.74	-6.68	-12.79
Long-Term Debt to EBITDA	1.17	1.84	1.44	2.27	-10.68	2.62	2.64	-2.21	-10.97	-21.47
Debt to NOPAT	2.65	5.46	3.16	7.57	-4.20	-11.25	-20.62	-1.73	-2.52	-2.21
Net Debt to NOPAT	2.31	4.43	2.24	5.17	-3.33	-8.88	-12.29	-0.53	-1.51	-1.30
Long-Term Debt to NOPAT	2.54	5.05	3.08	7.03	-4.15	-10.94	-20.41	-1.58	-2.48	-2.18
Altman Z-Score	3.02	2.74	3.25	1.77	0.60	1.60	1.43	0.70	1.11	1.05
Noncontrolling Interest Sharing Ratio	6.49%	6.95%	8.81%	12.69%	12.11%	10.85%	11.03%	8.45%	5.76%	2.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.05	1.64	1.42	1.90	1.26	2.02	2.53	1.90	1.68
Quick Ratio	0.48	0.56	1.09	0.93	1.16	0.71	1.33	2.41	1.67	1.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	504	-740	1,035	1,242	534	-1,289	-706	1,136	1,914	-1,395
Operating Cash Flow to CapEx	1,830.07%	1,759.82%	1,657.14%	1,773.01%	442.86%	414.65%	797.94%	634.23%	287.00%	536.86%
Free Cash Flow to Firm to Interest Expense	1.22	0.00	2.10	2.58	0.00	-3.39	-1.77	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	13.59	0.00	8.00	6.01	0.00	4.32	4.86	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	12.85	0.00	7.52	5.67	0.00	3.28	4.25	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.46	0.54	0.38	0.24	0.30	0.29	0.21	0.15	0.18
Accounts Receivable Turnover	74.54	77.57	83.88	49.99	25.28	28.30	10.31	5.26	4.43	4.06
Inventory Turnover	7.25	10.49	15.13	6.77	0.00	6.86	7.43	4.57	2.94	2.79
Fixed Asset Turnover	0.69	0.65	0.77	0.53	0.31	0.40	0.40	0.27	0.19	0.24
Accounts Payable Turnover	6.40	7.95	13.18	9.69	0.00	3.83	3.81	2.92	2.39	2.22
Days Sales Outstanding (DSO)	4.90	4.71	4.35	7.30	14.44	12.90	35.39	69.40	82.41	89.90
Days Inventory Outstanding (DIO)	50.36	34.80	24.13	53.92	0.00	53.19	49.15	79.94	123.96	130.60
Days Payable Outstanding (DPO)	57.05	45.89	27.69	37.68	0.00	95.24	95.84	125.03	152.80	164.31
Cash Conversion Cycle (CCC)	-1.79	-6.38	0.79	23.54	14.44	-29.16	-11.29	24.31	53.56	56.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,756	16,897	14,512	12,860	12,973	15,502	14,866	14,484	19,665	24,277
Invested Capital Turnover	0.70	0.67	0.83	0.58	0.34	0.43	0.44	0.32	0.22	0.26
Increase / (Decrease) in Invested Capital	2,859	2,385	1,652	-113	-2,529	636	382	-5,181	-4,612	-1,586
Enterprise Value (EV)	49,523	51,599	49,275	28,792	23,121	25,809	16,275	17,064	22,557	16,919
Market Capitalization	40,983	43,688	42,618	22,232	15,514	19,039	11,037	13,630	17,425	12,028
Book Value per Share	$36.40	$29.26	$25.48	$20.34	$17.47	$28.66	$32.50	$34.78	$45.90	$67.76
Tangible Book Value per Share	$35.23	$28.08	$24.31	$19.18	$16.30	$27.48	$31.28	$33.64	$44.72	$66.45
Total Capital	20,927	18,585	16,998	15,573	14,712	17,047	17,560	19,331	22,397	26,993
Total Debt	8,924	8,983	8,502	8,547	8,377	7,341	6,672	6,977	6,806	6,592
Total Long-Term Debt	8,555	8,302	8,278	7,941	8,286	7,142	6,605	6,397	6,694	6,506
Net Debt	7,753	7,295	6,016	5,834	6,638	5,796	3,978	2,130	4,074	3,876
Capital Expenditures (CapEx)	306	224	238	163	301	396	243	149	277	369
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-455	-847	-727	-825	-190	-700	-371	-545	-595	-854
Debt-free Net Working Capital (DFNWC)	716	841	1,759	1,888	1,549	845	2,323	4,302	2,137	1,862
Net Working Capital (NWC)	347	160	1,535	1,282	1,458	646	2,256	3,722	2,025	1,776
Net Nonoperating Expense (NNE)	211	-93	240	239	844	-413	-209	-104	3,378	26
Net Nonoperating Obligations (NNO)	7,753	7,295	6,016	5,834	6,638	5,796	3,978	2,130	4,074	3,876
Total Depreciation and Amortization (D&A)	2,522	2,046	1,703	1,528	2,074	2,122	1,883	2,883	3,244	3,955
Debt-free, Cash-free Net Working Capital to Revenue	-3.53%	-8.06%	-6.42%	-11.04%	-3.96%	-10.75%	-5.74%	-10.11%	-12.30%	-13.02%
Debt-free Net Working Capital to Revenue	5.55%	8.00%	15.53%	25.26%	32.24%	12.98%	35.93%	79.80%	44.16%	28.38%
Net Working Capital to Revenue	2.69%	1.52%	13.56%	17.16%	30.35%	9.92%	34.89%	69.04%	41.85%	27.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.03	$4.52	$6.80	$1.82	($10.15)	($1.37)	($1.10)	($13.12)	($19.92)	($10.78)
Adjusted Weighted Average Basic Shares Outstanding	306.80M	305.90M	308.10M	307.40M	306.99M	305.21M	303.03M	315.05M	316.52M	315.24M
Adjusted Diluted Earnings per Share	$8.98	$4.49	$6.77	$1.81	($10.15)	($1.37)	($1.10)	($13.12)	($19.92)	($10.78)
Adjusted Weighted Average Diluted Shares Outstanding	308.30M	307.60M	309.60M	309.30M	304.80M	301.20M	298.20M	314.10M	309.90M	283.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	308.29M	307.15M	306.18M	309.75M	306.99M	305.21M	303.03M	315.05M	316.52M	315.24M
Normalized Net Operating Profit after Tax (NOPAT)	3,457	1,701	2,655	1,199	-507	1,287	1,227	-1,103	-2,547	-1,849
Normalized NOPAT Margin	26.81%	16.19%	23.44%	16.05%	-10.55%	19.76%	18.98%	-20.45%	-52.64%	-28.19%
Pre Tax Income Margin	33.76%	23.51%	31.31%	19.94%	-59.33%	3.39%	3.40%	-107.18%	-79.64%	-64.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.57	0.00	8.19	4.10	0.00	1.58	1.55	0.00	0.00	0.00
NOPAT to Interest Expense	8.16	0.00	5.45	2.35	0.00	-1.72	-0.81	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	10.83	0.00	7.71	3.76	0.00	0.54	0.94	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	7.42	0.00	4.97	2.01	0.00	-2.76	-1.42	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.85%	62.66%	39.84%	109.55%	-20.08%	-278.75%	-483.48%	-15.38%	-6.14%	66.81%
Augmented Payout Ratio	35.85%	63.81%	65.59%	109.55%	-20.08%	-289.17%	-1,670.43%	-18.17%	-6.14%	62.09%

This table displays calculated financial ratios and metrics derived from Hess' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.00%	6.08%	13.96%	39.89%	37.25%	2.62%	-10.31%	-22.54%	4.24%	36.78%	72.39%
EBITDA Growth	-29.01%	72.19%	21.73%	77.54%	80.09%	-30.87%	-11.32%	-33.20%	-5.77%	18.81%	119.20%
EBIT Growth	-44.81%	120.25%	17.99%	135.52%	134.27%	-49.69%	-19.35%	-54.99%	-26.79%	15.60%	208.84%
NOPAT Growth	-51.61%	110.66%	14.42%	216.93%	161.87%	-44.71%	-13.67%	-65.06%	-29.84%	17.99%	260.77%
Net Income Growth	-51.08%	27.24%	-1.33%	315.12%	149.30%	-13.57%	-0.66%	-72.81%	-15.25%	63.48%	227.57%
EPS Growth	-56.01%	30.83%	-1.22%	530.77%	179.65%	-17.39%	-1.80%	-81.86%	-15.67%	87.21%	351.35%
Operating Cash Flow Growth	58.31%	-2.38%	53.14%	94.35%	38.71%	7.35%	-26.36%	-35.45%	508.97%	39.27%	117.72%
Free Cash Flow Firm Growth	26.58%	-1.81%	-61.45%	-108.51%	-69.30%	-112.49%	-7.42%	-18.62%	-9,727.49%	-230.07%	-165.32%
Invested Capital Growth	10.44%	16.92%	16.39%	19.72%	19.30%	16.43%	12.61%	9.40%	11.07%	12.85%	14.49%
Revenue Q/Q Growth	-8.83%	0.09%	-0.34%	-3.23%	9.90%	7.54%	22.32%	-5.06%	-17.83%	-6.02%	5.65%
EBITDA Q/Q Growth	-27.54%	20.60%	-8.30%	-11.41%	23.25%	-14.74%	33.74%	-10.14%	-32.53%	9.37%	0.75%
EBIT Q/Q Growth	-37.02%	28.63%	-15.95%	-18.94%	35.93%	-31.09%	67.76%	-19.37%	-46.02%	10.46%	-6.38%
NOPAT Q/Q Growth	-39.48%	26.46%	-18.77%	-22.17%	39.65%	-31.31%	124.99%	-35.69%	-44.37%	7.26%	-8.96%
Net Income Q/Q Growth	-18.44%	7.74%	-30.20%	-20.24%	112.13%	-16.45%	193.66%	-52.10%	-26.46%	-3.96%	-19.63%
EPS Q/Q Growth	-20.11%	7.41%	-34.15%	-22.15%	137.59%	-18.90%	320.51%	-65.49%	-29.81%	-3.59%	-22.33%
Operating Cash Flow Q/Q Growth	6.78%	-13.11%	-20.23%	113.90%	-34.15%	36.31%	1.23%	52.66%	-49.04%	-6.50%	-11.27%
Free Cash Flow Firm Q/Q Growth	31.15%	-2.92%	11.30%	-16.81%	-15.93%	-63.21%	-14.56%	5.16%	-19.83%	17.49%	-26.50%
Invested Capital Q/Q Growth	1.67%	5.90%	1.42%	1.14%	7.63%	5.42%	4.32%	0.79%	5.05%	1.95%	1.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.15%	79.56%	77.66%	80.26%	81.20%	70.57%	75.14%	76.10%	74.99%	72.02%	68.55%
EBITDA Margin	48.08%	60.49%	50.20%	54.56%	59.60%	37.26%	47.00%	42.99%	45.42%	55.32%	47.53%
Operating Margin	25.93%	37.85%	30.05%	34.17%	41.80%	17.90%	27.93%	19.92%	23.31%	36.64%	31.33%
EBIT Margin	26.82%	38.82%	30.21%	35.82%	42.76%	18.70%	29.18%	21.28%	25.05%	38.14%	32.45%
Profit (Net Income) Margin	17.93%	20.04%	18.61%	26.58%	32.25%	16.71%	21.50%	8.96%	17.75%	19.84%	19.41%
Tax Burden Percent	66.84%	68.97%	68.75%	74.19%	75.41%	73.43%	73.68%	56.16%	70.86%	66.59%	68.24%
Interest Burden Percent	100.00%	74.84%	89.63%	100.00%	100.00%	121.67%	100.00%	74.95%	100.00%	78.11%	87.66%
Effective Tax Rate	33.16%	31.03%	31.25%	25.81%	24.59%	26.57%	26.32%	43.84%	29.14%	33.41%	31.76%
Return on Invested Capital (ROIC)	11.32%	18.37%	15.15%	18.50%	21.51%	8.80%	14.19%	8.18%	13.02%	20.19%	16.89%
ROIC Less NNEP Spread (ROIC-NNEP)	11.54%	15.79%	14.20%	19.08%	21.85%	10.41%	14.59%	7.38%	13.48%	17.93%	15.89%
Return on Net Nonoperating Assets (RNNOA)	7.74%	11.00%	9.36%	12.96%	16.09%	7.66%	10.65%	5.65%	11.28%	13.69%	13.43%
Return on Equity (ROE)	19.06%	29.37%	24.51%	31.47%	37.60%	16.45%	24.84%	13.83%	24.31%	33.87%	30.32%
Cash Return on Invested Capital (CROIC)	4.79%	2.75%	3.68%	0.89%	-1.84%	-4.71%	1.12%	4.95%	6.91%	7.56%	5.95%
Operating Return on Assets (OROA)	12.93%	19.81%	15.54%	18.38%	20.91%	8.60%	13.58%	10.54%	13.71%	20.46%	16.62%
Return on Assets (ROA)	8.64%	10.22%	9.57%	13.63%	15.77%	7.68%	10.01%	4.44%	9.72%	10.64%	9.94%
Return on Common Equity (ROCE)	17.79%	27.46%	22.81%	29.36%	35.16%	15.31%	22.99%	12.79%	22.26%	30.89%	27.63%
Return on Equity Simple (ROE_SIMPLE)	22.63%	0.00%	27.86%	28.83%	24.09%	0.00%	21.05%	22.01%	29.14%	0.00%	29.38%
Net Operating Profit after Tax (NOPAT)	505	834	659	812	1,043	396	576	256	398	716	667
NOPAT Margin	17.33%	26.11%	20.66%	25.35%	31.52%	13.14%	20.58%	11.19%	16.52%	24.40%	21.38%
Net Nonoperating Expense Percent (NNEP)	-0.23%	2.58%	0.95%	-0.58%	-0.34%	-1.61%	-0.40%	0.80%	-0.45%	2.26%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	2.36%	3.98%	-	-	-	2.13%	-	-	-	4.21%	-
Cost of Revenue to Revenue	19.85%	20.44%	22.34%	19.74%	18.80%	29.43%	24.86%	23.90%	25.01%	27.98%	31.45%
SG&A Expenses to Revenue	25.45%	20.88%	20.21%	18.89%	16.20%	21.29%	20.79%	24.55%	21.48%	20.52%	16.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.22%	41.70%	47.60%	46.10%	39.41%	52.67%	47.21%	56.18%	51.68%	35.38%	37.22%
Earnings before Interest and Taxes (EBIT)	781	1,240	964	1,147	1,415	563	817	487	604	1,119	1,013
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,400	1,932	1,602	1,747	1,972	1,122	1,316	984	1,095	1,623	1,484
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.27	3.65	3.87	4.33	4.74	4.86	5.37	4.99	4.91	5.43	4.37
Price to Tangible Book Value (P/TBV)	4.41	3.78	4.00	4.49	4.92	5.06	5.61	5.21	5.14	5.69	4.59
Price to Revenue (P/Rev)	3.94	3.18	3.29	3.69	4.10	4.16	4.44	3.84	3.50	3.76	3.14
Price to Earnings (P/E)	22.11	14.80	15.85	17.18	23.28	31.61	31.64	27.93	19.71	20.33	17.73
Dividend Yield	1.21%	1.41%	1.33%	1.19%	1.15%	1.23%	1.12%	1.21%	1.20%	1.09%	1.29%
Earnings Yield	4.52%	6.76%	6.31%	5.82%	4.30%	3.16%	3.16%	3.58%	5.07%	4.92%	5.64%
Enterprise Value to Invested Capital (EV/IC)	2.88	2.51	2.66	2.90	3.03	3.05	3.35	3.15	3.09	3.40	2.79
Enterprise Value to Revenue (EV/Rev)	4.63	3.84	3.91	4.33	4.83	4.91	5.15	4.50	4.12	4.35	3.77
Enterprise Value to EBITDA (EV/EBITDA)	8.65	6.80	7.18	8.04	9.38	11.42	10.72	9.32	8.29	8.58	7.38
Enterprise Value to EBIT (EV/EBIT)	13.99	10.39	10.88	12.07	14.64	20.88	17.77	15.00	12.32	12.20	10.49
Enterprise Value to NOPAT (EV/NOPAT)	20.53	14.73	15.21	16.78	20.90	31.36	27.38	23.61	18.66	18.34	15.30
Enterprise Value to Operating Cash Flow (EV/OCF)	9.45	8.84	8.82	10.45	13.14	13.09	13.97	11.50	9.93	12.49	11.06
Enterprise Value to Free Cash Flow (EV/FCFF)	63.10	98.33	77.76	354.10	0.00	0.00	318.46	66.44	47.01	47.60	50.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.74	0.77	0.82	0.86	0.94	0.94	0.98	0.99	1.00	1.03
Long-Term Debt to Equity	0.70	0.71	0.74	0.76	0.80	0.86	0.89	0.95	0.96	0.97	1.01
Financial Leverage	0.67	0.70	0.66	0.68	0.74	0.74	0.73	0.77	0.84	0.76	0.85
Leverage Ratio	2.26	2.34	2.37	2.39	2.42	2.53	2.56	2.61	2.65	2.72	2.85
Compound Leverage Factor	2.26	1.75	2.12	2.39	2.42	3.07	2.56	1.95	2.65	2.12	2.50
Debt to Total Capital	42.15%	42.64%	43.46%	45.15%	46.34%	48.33%	48.47%	49.39%	49.72%	50.02%	50.69%
Short-Term Debt to Total Capital	1.73%	1.76%	1.67%	3.29%	3.46%	3.66%	2.81%	1.31%	1.40%	1.32%	0.73%
Long-Term Debt to Total Capital	40.42%	40.88%	41.79%	41.86%	42.88%	44.67%	45.66%	48.09%	48.33%	48.70%	49.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.04%	3.76%	3.81%	3.50%	3.38%	3.31%	3.70%	3.58%	3.39%	3.77%	3.82%
Common Equity to Total Capital	53.81%	53.60%	52.73%	51.36%	50.28%	48.35%	47.83%	47.02%	46.89%	46.21%	45.49%
Debt to EBITDA	1.35	1.22	1.29	1.39	1.55	1.99	1.74	1.68	1.52	1.48	1.56
Net Debt to EBITDA	1.15	1.06	1.02	1.08	1.30	1.62	1.34	1.25	1.15	1.05	1.12
Long-Term Debt to EBITDA	1.30	1.17	1.24	1.29	1.43	1.84	1.64	1.63	1.48	1.44	1.54
Debt to NOPAT	3.21	2.65	2.73	2.90	3.45	5.46	4.45	4.24	3.42	3.16	3.25
Net Debt to NOPAT	2.74	2.31	2.16	2.26	2.91	4.43	3.43	3.16	2.59	2.24	2.33
Long-Term Debt to NOPAT	3.07	2.54	2.63	2.69	3.19	5.05	4.20	4.13	3.33	3.08	3.20
Altman Z-Score	2.81	2.58	2.58	2.73	2.84	2.48	2.74	2.59	2.61	2.81	2.30
Noncontrolling Interest Sharing Ratio	6.66%	6.49%	6.93%	6.69%	6.50%	6.95%	7.45%	7.52%	8.42%	8.81%	8.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.12	1.26	1.27	1.23	1.05	1.31	1.54	1.65	1.64	1.78
Quick Ratio	0.53	0.48	0.70	0.74	0.54	0.56	0.73	0.99	0.97	1.09	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,394	-2,025	-1,968	-2,218	-1,899	-1,989	-1,219	-1,064	-1,122	-936	-1,135
Operating Cash Flow to CapEx	3,045.65%	1,381.05%	1,641.30%	2,957.81%	1,609.09%	2,100.00%	1,860.38%	2,265.12%	996.88%	2,052.46%	2,028.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-19.68	0.00	0.00	0.00	0.00	-8.72	0.00	0.00	-9.08
Operating Cash Flow to Interest Expense	0.00	0.00	15.10	0.00	0.00	0.00	0.00	7.98	0.00	0.00	10.71
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	14.18	0.00	0.00	0.00	0.00	7.63	0.00	0.00	10.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.51	0.51	0.51	0.49	0.46	0.47	0.50	0.55	0.54	0.51
Accounts Receivable Turnover	73.31	74.54	70.04	70.61	74.08	77.57	67.75	73.67	81.88	83.88	70.70
Inventory Turnover	6.03	7.25	7.82	8.59	9.00	10.49	8.73	9.93	13.77	15.13	16.82
Fixed Asset Turnover	0.65	0.69	0.72	0.72	0.69	0.65	0.66	0.70	0.76	0.77	0.73
Accounts Payable Turnover	6.13	6.40	6.98	7.23	7.37	7.95	7.14	8.33	9.91	13.18	17.10
Days Sales Outstanding (DSO)	4.98	4.90	5.21	5.17	4.93	4.71	5.39	4.95	4.46	4.35	5.16
Days Inventory Outstanding (DIO)	60.50	50.36	46.70	42.47	40.53	34.80	41.81	36.77	26.51	24.13	21.70
Days Payable Outstanding (DPO)	59.51	57.05	52.26	50.45	49.56	45.89	51.12	43.82	36.85	27.69	21.34
Cash Conversion Cycle (CCC)	5.97	-1.79	-0.35	-2.81	-4.10	-6.38	-3.92	-2.09	-5.88	0.79	5.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20,086	19,756	18,656	18,395	18,187	16,897	16,029	15,365	15,245	14,512	14,234
Invested Capital Turnover	0.65	0.70	0.73	0.73	0.68	0.67	0.69	0.73	0.79	0.83	0.79
Increase / (Decrease) in Invested Capital	1,899	2,859	2,627	3,030	2,942	2,385	1,795	1,320	1,520	1,652	1,802
Enterprise Value (EV)	57,808	49,523	49,677	53,361	55,060	51,599	53,776	48,352	47,033	49,275	39,720
Market Capitalization	49,243	40,983	41,842	45,453	46,741	43,688	46,378	41,259	39,921	42,618	33,045
Book Value per Share	$37.37	$36.40	$35.12	$34.04	$32.21	$29.26	$28.11	$26.94	$26.56	$25.48	$24.41
Tangible Book Value per Share	$36.20	$35.23	$33.95	$32.87	$31.03	$28.08	$26.94	$25.77	$25.39	$24.31	$23.25
Total Capital	21,410	20,927	20,520	20,420	19,625	18,585	18,047	17,591	17,345	16,998	16,618
Total Debt	9,025	8,924	8,918	9,219	9,094	8,983	8,748	8,689	8,624	8,502	8,424
Total Long-Term Debt	8,654	8,555	8,576	8,548	8,415	8,302	8,241	8,459	8,382	8,278	8,303
Net Debt	7,701	7,753	7,054	7,194	7,656	7,295	6,730	6,463	6,524	6,016	6,040
Capital Expenditures (CapEx)	46	95	92	64	55	64	53	43	64	61	66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-727	-455	-755	-542	-86	-847	-591	-695	-367	-727	-452
Debt-free Net Working Capital (DFNWC)	597	716	1,109	1,483	1,352	841	1,427	1,531	1,733	1,759	1,932
Net Working Capital (NWC)	226	347	767	812	673	160	920	1,301	1,491	1,535	1,811
Net Nonoperating Expense (NNE)	-17	194	65	-39	-24	-107	-26	51	-30	134	61
Net Nonoperating Obligations (NNO)	7,701	7,753	7,054	7,194	7,656	7,295	6,730	6,463	6,524	6,016	6,040
Total Depreciation and Amortization (D&A)	619	692	638	600	557	559	499	497	491	504	471
Debt-free, Cash-free Net Working Capital to Revenue	-5.82%	-3.53%	-5.94%	-4.40%	-0.75%	-8.06%	-5.66%	-6.46%	-3.21%	-6.42%	-4.29%
Debt-free Net Working Capital to Revenue	4.78%	5.55%	8.72%	12.04%	11.85%	8.00%	13.68%	14.23%	15.17%	15.53%	18.34%
Net Working Capital to Revenue	1.81%	2.69%	6.03%	6.59%	5.90%	1.52%	8.82%	12.10%	13.05%	13.56%	17.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.40	$1.77	$1.62	$2.47	$3.17	$1.35	$1.65	$0.39	$1.13	$1.63	$1.67
Adjusted Weighted Average Basic Shares Outstanding	307.40M	306.80M	306.90M	306.90M	306.40M	305.90M	306.10M	306M	305.40M	308.10M	307.60M
Adjusted Diluted Earnings per Share	$1.39	$1.74	$1.62	$2.46	$3.16	$1.33	$1.64	$0.39	$1.13	$1.61	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	308.60M	308.30M	308.30M	308.30M	307.90M	307.60M	307.70M	307.50M	307.30M	309.60M	308.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	309.27M	308.29M	308.12M	308.11M	308.11M	307.15M	307.15M	307.06M	307.05M	306.18M	308.31M
Normalized Net Operating Profit after Tax (NOPAT)	505	834	749	812	1,043	396	575	302	398	665	704
Normalized NOPAT Margin	17.33%	26.11%	23.48%	25.35%	31.52%	13.14%	20.53%	13.20%	16.52%	22.67%	22.56%
Pre Tax Income Margin	26.82%	29.05%	27.08%	35.82%	42.76%	22.75%	29.18%	15.95%	25.05%	29.79%	28.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	9.64	0.00	0.00	0.00	0.00	3.99	0.00	0.00	8.10
NOPAT to Interest Expense	0.00	0.00	6.59	0.00	0.00	0.00	0.00	2.10	0.00	0.00	5.34
EBIT Less CapEx to Interest Expense	0.00	0.00	8.72	0.00	0.00	0.00	0.00	3.64	0.00	0.00	7.58
NOPAT Less CapEx to Interest Expense	0.00	0.00	5.67	0.00	0.00	0.00	0.00	1.75	0.00	0.00	4.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.30%	35.85%	38.77%	37.41%	46.66%	62.66%	54.98%	50.69%	44.30%	39.84%	41.96%
Augmented Payout Ratio	44.30%	35.85%	38.77%	37.41%	46.66%	63.81%	72.04%	75.95%	71.73%	65.59%	57.27%

Frequently Asked Questions About Hess' Financials

When does Hess's financial year end?

According to the most recent income statement we have on file, Hess' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hess' net income changed over the last 9 years?

Hess' net income appears to be on a downward trend, with a most recent value of $3.15 billion in 2024, falling from -$3.01 billion in 2015. The previous period was $1.74 billion in 2023. See where experts think Hess is headed by visiting Hess' forecast page.

What is Hess's operating income?

Hess's total operating income in 2024 was $4.65 billion, based on the following breakdown:

Total Gross Profit: $10.28 billion
Total Operating Expenses: $5.63 billion

How has Hess revenue changed over the last 9 years?

Over the last 9 years, Hess' total revenue changed from $6.56 billion in 2015 to $12.90 billion in 2024, a change of 96.6%.

How much debt does Hess have?

Hess' total liabilities were at $14.55 billion at the end of 2024, a 1.0% increase from 2023, and a 5.8% increase since 2015.

How much cash does Hess have?

In the past 9 years, Hess' cash and equivalents has ranged from $1.17 billion in 2024 to $4.85 billion in 2017, and is currently $1.17 billion as of their latest financial filing in 2024.

How has Hess' book value per share changed over the last 9 years?

Over the last 9 years, Hess' book value per share changed from 67.76 in 2015 to 36.40 in 2024, a change of -46.3%.

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This page (NYSE:HES) was last updated on 5/27/2025 by MarketBeat.com Staff

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Hess (HES) Financials

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Hess (HES) Financials

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