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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and Hess Midstream LP (HESM). Click either name above to swap in a different company.

Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $204.1M, roughly 1.4× Hess Midstream LP). Hess Midstream LP runs the higher net margin — 77.3% vs 22.1%, a 55.2% gap on every dollar of revenue. On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs 2.1%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs -25.3%).

Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.

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.

EBC vs HESM — Head-to-Head

Bigger by revenue
EBC
EBC
1.4× larger
EBC
$295.9M
$204.1M
HESM
Growing faster (revenue YoY)
EBC
EBC
+708.5% gap
EBC
710.6%
2.1%
HESM
Higher net margin
HESM
HESM
55.2% more per $
HESM
77.3%
22.1%
EBC
Faster 2-yr revenue CAGR
EBC
EBC
Annualised
EBC
38.6%
-25.3%
HESM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EBC
EBC
HESM
HESM
Revenue
$295.9M
$204.1M
Net Profit
$65.3M
$157.7M
Gross Margin
Operating Margin
116.7%
Net Margin
22.1%
77.3%
Revenue YoY
710.6%
2.1%
Net Profit YoY
-34.4%
-2.3%
EPS (diluted)
$0.29
$0.68

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
EBC
EBC
HESM
HESM
Q1 26
$295.9M
$204.1M
Q4 25
$37.5M
$404.2M
Q3 25
$241.5M
$420.9M
Q2 25
$244.9M
$414.2M
Q1 25
$31.1M
$382.0M
Q4 24
$216.5M
$395.9M
Q3 24
$203.4M
$378.5M
Q2 24
$154.0M
$365.5M
Net Profit
EBC
EBC
HESM
HESM
Q1 26
$65.3M
$157.7M
Q4 25
$99.5M
$93.3M
Q3 25
$106.1M
$97.7M
Q2 25
$100.2M
$90.3M
Q1 25
$-217.7M
$71.6M
Q4 24
$60.8M
$70.4M
Q3 24
$-6.2M
$58.6M
Q2 24
$26.3M
$49.5M
Operating Margin
EBC
EBC
HESM
HESM
Q1 26
116.7%
Q4 25
62.2%
Q3 25
38.9%
61.5%
Q2 25
41.0%
62.8%
Q1 25
-590.9%
62.1%
Q4 24
33.3%
61.4%
Q3 24
-1.6%
61.2%
Q2 24
24.7%
60.8%
Net Margin
EBC
EBC
HESM
HESM
Q1 26
22.1%
77.3%
Q4 25
265.6%
23.1%
Q3 25
44.0%
23.2%
Q2 25
40.9%
21.8%
Q1 25
-699.2%
18.7%
Q4 24
28.1%
17.8%
Q3 24
-3.0%
15.5%
Q2 24
17.1%
13.5%
EPS (diluted)
EBC
EBC
HESM
HESM
Q1 26
$0.29
$0.68
Q4 25
$0.48
Q3 25
$0.53
Q2 25
$0.50
Q1 25
$-1.08
Q4 24
$0.29
Q3 24
$-0.03
Q2 24
$0.16

Balance Sheet & Financial Strength

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

Metric
EBC
EBC
HESM
HESM
Cash + ST InvestmentsLiquidity on hand
$551.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
Total Assets
$30.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBC
EBC
HESM
HESM
Q1 26
$551.7M
Q4 25
$507.6M
$1.9M
Q3 25
$703.4M
$5.5M
Q2 25
$948.3M
$4.5M
Q1 25
$609.0M
$6.1M
Q4 24
$1.9B
$4.3M
Q3 24
$1.7B
$10.3M
Q2 24
$1.4B
$99.6M
Total Debt
EBC
EBC
HESM
HESM
Q1 26
Q4 25
$3.8B
Q3 25
Q2 25
Q1 25
Q4 24
$3.5B
Q3 24
Q2 24
Stockholders' Equity
EBC
EBC
HESM
HESM
Q1 26
$4.3B
Q4 25
$4.3B
Q3 25
$3.8B
Q2 25
$3.7B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.7B
Q2 24
$3.0B
Total Assets
EBC
EBC
HESM
HESM
Q1 26
$30.6B
Q4 25
$30.6B
$4.4B
Q3 25
$25.5B
$4.4B
Q2 25
$25.5B
$4.4B
Q1 25
$25.0B
$4.3B
Q4 24
$25.6B
$4.2B
Q3 24
$25.5B
$4.1B
Q2 24
$21.0B
$4.1B

Cash Flow & Capital Efficiency

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

Metric
EBC
EBC
HESM
HESM
Operating Cash FlowLast quarter
$253.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
51.4%
Cash ConversionOCF / Net Profit
1.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBC
EBC
HESM
HESM
Q1 26
$253.3M
Q4 25
$432.4M
$245.6M
Q3 25
$157.1M
$258.9M
Q2 25
$123.9M
$276.9M
Q1 25
$47.3M
$202.4M
Q4 24
$283.8M
$258.5M
Q3 24
$108.3M
$224.9M
Q2 24
$54.3M
$271.6M
Free Cash Flow
EBC
EBC
HESM
HESM
Q1 26
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
FCF Margin
EBC
EBC
HESM
HESM
Q1 26
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%
Capex Intensity
EBC
EBC
HESM
HESM
Q1 26
51.4%
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%
Cash Conversion
EBC
EBC
HESM
HESM
Q1 26
1.61×
Q4 25
4.35×
2.63×
Q3 25
1.48×
2.65×
Q2 25
1.24×
3.07×
Q1 25
2.83×
Q4 24
4.67×
3.67×
Q3 24
3.84×
Q2 24
2.06×
5.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBC
EBC

Segment breakdown not available.

HESM
HESM

Affiliate services$197.9M97%
Third-party services$6.2M3%

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