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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) 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 $225.3M, roughly 1.8× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

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.

APWC vs HESM — Head-to-Head

Bigger by revenue
HESM
HESM
1.8× larger
HESM
$404.2M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
HESM
HESM
Revenue
$225.3M
$404.2M
Net Profit
$93.3M
Gross Margin
7.9%
Operating Margin
2.2%
62.2%
Net Margin
23.1%
Revenue YoY
2.1%
Net Profit YoY
32.5%
EPS (diluted)

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
APWC
APWC
HESM
HESM
Q4 25
$404.2M
Q3 25
$420.9M
Q2 25
$414.2M
Q1 25
$382.0M
Q4 24
$395.9M
Q3 24
$378.5M
Q2 24
$365.5M
Q1 24
$355.6M
Net Profit
APWC
APWC
HESM
HESM
Q4 25
$93.3M
Q3 25
$97.7M
Q2 25
$90.3M
Q1 25
$71.6M
Q4 24
$70.4M
Q3 24
$58.6M
Q2 24
$49.5M
Q1 24
$44.6M
Operating Margin
APWC
APWC
HESM
HESM
Q4 25
62.2%
Q3 25
61.5%
Q2 25
62.8%
Q1 25
62.1%
Q4 24
61.4%
Q3 24
61.2%
Q2 24
60.8%
Q1 24
62.4%
Net Margin
APWC
APWC
HESM
HESM
Q4 25
23.1%
Q3 25
23.2%
Q2 25
21.8%
Q1 25
18.7%
Q4 24
17.8%
Q3 24
15.5%
Q2 24
13.5%
Q1 24
12.5%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
HESM
HESM
Q4 25
$1.9M
Q3 25
$5.5M
Q2 25
$4.5M
Q1 25
$6.1M
Q4 24
$4.3M
Q3 24
$10.3M
Q2 24
$99.6M
Q1 24
$4.2M
Total Debt
APWC
APWC
HESM
HESM
Q4 25
$3.8B
Q3 25
Q2 25
Q1 25
Q4 24
$3.5B
Q3 24
Q2 24
Q1 24
Total Assets
APWC
APWC
HESM
HESM
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.2B
Q3 24
$4.1B
Q2 24
$4.1B
Q1 24
$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
APWC
APWC
HESM
HESM
Operating Cash FlowLast quarter
$245.6M
Free Cash FlowOCF − Capex
$178.9M
FCF MarginFCF / Revenue
44.3%
Capex IntensityCapex / Revenue
16.5%
Cash ConversionOCF / Net Profit
2.63×
TTM Free Cash FlowTrailing 4 quarters
$728.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
HESM
HESM
Q4 25
$245.6M
Q3 25
$258.9M
Q2 25
$276.9M
Q1 25
$202.4M
Q4 24
$258.5M
Q3 24
$224.9M
Q2 24
$271.6M
Q1 24
$185.3M
Free Cash Flow
APWC
APWC
HESM
HESM
Q4 25
$178.9M
Q3 25
$178.9M
Q2 25
$213.5M
Q1 25
$156.9M
Q4 24
$163.4M
Q3 24
$132.6M
Q2 24
$207.7M
Q1 24
$130.5M
FCF Margin
APWC
APWC
HESM
HESM
Q4 25
44.3%
Q3 25
42.5%
Q2 25
51.5%
Q1 25
41.1%
Q4 24
41.3%
Q3 24
35.0%
Q2 24
56.8%
Q1 24
36.7%
Capex Intensity
APWC
APWC
HESM
HESM
Q4 25
16.5%
Q3 25
19.0%
Q2 25
15.3%
Q1 25
11.9%
Q4 24
24.0%
Q3 24
24.4%
Q2 24
17.5%
Q1 24
15.4%
Cash Conversion
APWC
APWC
HESM
HESM
Q4 25
2.63×
Q3 25
2.65×
Q2 25
3.07×
Q1 25
2.83×
Q4 24
3.67×
Q3 24
3.84×
Q2 24
5.49×
Q1 24
4.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

HESM
HESM

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

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