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Side-by-side financial comparison of ACADIA PHARMACEUTICALS INC (ACAD) and Hess Midstream LP (HESM). Click either name above to swap in a different company.

Hess Midstream LP is the larger business by last-quarter revenue ($404.2M vs $284.0M, roughly 1.4× ACADIA PHARMACEUTICALS INC). ACADIA PHARMACEUTICALS INC runs the higher net margin — 96.3% vs 23.1%, a 73.2% gap on every dollar of revenue. On growth, ACADIA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.4% vs 2.1%). Over the past eight quarters, ACADIA PHARMACEUTICALS INC's revenue compounded faster (17.5% CAGR vs 6.6%).

Acadia Pharmaceuticals Inc. is a biopharmaceutical company headquartered in Del Mar, San Diego, California.

Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was CEO from the early 1960s until 1995, after which his son John B Hess succeeded him as chairman and CEO. The company agreed to be acquired by rival oil company Chevron in October 2023, and the acquisition closed in July 2025.

ACAD vs HESM — Head-to-Head

Bigger by revenue
HESM
HESM
1.4× larger
HESM
$404.2M
$284.0M
ACAD
Growing faster (revenue YoY)
ACAD
ACAD
+7.3% gap
ACAD
9.4%
2.1%
HESM
Higher net margin
ACAD
ACAD
73.2% more per $
ACAD
96.3%
23.1%
HESM
Faster 2-yr revenue CAGR
ACAD
ACAD
Annualised
ACAD
17.5%
6.6%
HESM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACAD
ACAD
HESM
HESM
Revenue
$284.0M
$404.2M
Net Profit
$273.6M
$93.3M
Gross Margin
90.8%
Operating Margin
6.1%
62.2%
Net Margin
96.3%
23.1%
Revenue YoY
9.4%
2.1%
Net Profit YoY
90.3%
32.5%
EPS (diluted)
$1.61

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACAD
ACAD
HESM
HESM
Q4 25
$284.0M
$404.2M
Q3 25
$278.6M
$420.9M
Q2 25
$264.6M
$414.2M
Q1 25
$244.3M
$382.0M
Q4 24
$259.6M
$395.9M
Q3 24
$250.4M
$378.5M
Q2 24
$242.0M
$365.5M
Q1 24
$205.8M
$355.6M
Net Profit
ACAD
ACAD
HESM
HESM
Q4 25
$273.6M
$93.3M
Q3 25
$71.8M
$97.7M
Q2 25
$26.7M
$90.3M
Q1 25
$19.0M
$71.6M
Q4 24
$143.7M
$70.4M
Q3 24
$32.8M
$58.6M
Q2 24
$33.4M
$49.5M
Q1 24
$16.6M
$44.6M
Gross Margin
ACAD
ACAD
HESM
HESM
Q4 25
90.8%
Q3 25
92.2%
Q2 25
92.2%
Q1 25
91.7%
Q4 24
91.6%
Q3 24
92.5%
Q2 24
92.5%
Q1 24
88.8%
Operating Margin
ACAD
ACAD
HESM
HESM
Q4 25
6.1%
62.2%
Q3 25
12.8%
61.5%
Q2 25
12.2%
62.8%
Q1 25
7.9%
62.1%
Q4 24
59.1%
61.4%
Q3 24
12.6%
61.2%
Q2 24
12.6%
60.8%
Q1 24
7.4%
62.4%
Net Margin
ACAD
ACAD
HESM
HESM
Q4 25
96.3%
23.1%
Q3 25
25.8%
23.2%
Q2 25
10.1%
21.8%
Q1 25
7.8%
18.7%
Q4 24
55.4%
17.8%
Q3 24
13.1%
15.5%
Q2 24
13.8%
13.5%
Q1 24
8.0%
12.5%
EPS (diluted)
ACAD
ACAD
HESM
HESM
Q4 25
$1.61
Q3 25
$0.42
Q2 25
$0.16
Q1 25
$0.11
Q4 24
$0.86
Q3 24
$0.20
Q2 24
$0.20
Q1 24
$0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACAD
ACAD
HESM
HESM
Cash + ST InvestmentsLiquidity on hand
$177.7M
$1.9M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$1.2B
Total Assets
$1.6B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACAD
ACAD
HESM
HESM
Q4 25
$177.7M
$1.9M
Q3 25
$258.0M
$5.5M
Q2 25
$253.6M
$4.5M
Q1 25
$217.7M
$6.1M
Q4 24
$319.6M
$4.3M
Q3 24
$155.1M
$10.3M
Q2 24
$177.1M
$99.6M
Q1 24
$204.7M
$4.2M
Total Debt
ACAD
ACAD
HESM
HESM
Q4 25
$3.8B
Q3 25
Q2 25
Q1 25
Q4 24
$3.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACAD
ACAD
HESM
HESM
Q4 25
$1.2B
Q3 25
$917.3M
Q2 25
$822.4M
Q1 25
$765.2M
Q4 24
$732.8M
Q3 24
$577.2M
Q2 24
$516.7M
Q1 24
$464.0M
Total Assets
ACAD
ACAD
HESM
HESM
Q4 25
$1.6B
$4.4B
Q3 25
$1.3B
$4.4B
Q2 25
$1.2B
$4.4B
Q1 25
$1.1B
$4.3B
Q4 24
$1.2B
$4.2B
Q3 24
$976.9M
$4.1B
Q2 24
$914.1M
$4.1B
Q1 24
$855.1M
$3.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACAD
ACAD
HESM
HESM
Operating Cash FlowLast quarter
$-48.7M
$245.6M
Free Cash FlowOCF − Capex
$178.9M
FCF MarginFCF / Revenue
44.3%
Capex IntensityCapex / Revenue
16.5%
Cash ConversionOCF / Net Profit
-0.18×
2.63×
TTM Free Cash FlowTrailing 4 quarters
$728.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACAD
ACAD
HESM
HESM
Q4 25
$-48.7M
$245.6M
Q3 25
$74.3M
$258.9M
Q2 25
$64.0M
$276.9M
Q1 25
$20.3M
$202.4M
Q4 24
$40.4M
$258.5M
Q3 24
$63.2M
$224.9M
Q2 24
$25.0M
$271.6M
Q1 24
$29.1M
$185.3M
Free Cash Flow
ACAD
ACAD
HESM
HESM
Q4 25
$178.9M
Q3 25
$73.9M
$178.9M
Q2 25
$213.5M
Q1 25
$156.9M
Q4 24
$163.4M
Q3 24
$63.2M
$132.6M
Q2 24
$207.7M
Q1 24
$130.5M
FCF Margin
ACAD
ACAD
HESM
HESM
Q4 25
44.3%
Q3 25
26.5%
42.5%
Q2 25
51.5%
Q1 25
41.1%
Q4 24
41.3%
Q3 24
25.2%
35.0%
Q2 24
56.8%
Q1 24
36.7%
Capex Intensity
ACAD
ACAD
HESM
HESM
Q4 25
16.5%
Q3 25
0.1%
19.0%
Q2 25
15.3%
Q1 25
11.9%
Q4 24
24.0%
Q3 24
0.0%
24.4%
Q2 24
17.5%
Q1 24
15.4%
Cash Conversion
ACAD
ACAD
HESM
HESM
Q4 25
-0.18×
2.63×
Q3 25
1.03×
2.65×
Q2 25
2.40×
3.07×
Q1 25
1.07×
2.83×
Q4 24
0.28×
3.67×
Q3 24
1.93×
3.84×
Q2 24
0.75×
5.49×
Q1 24
1.76×
4.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACAD
ACAD

Nuplazid$174.4M61%
Daybue$109.6M39%

HESM
HESM

Gathering$217.3M54%
Processing And Storage$154.7M38%
Terminaling And Export$32.2M8%

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