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Side-by-side financial comparison of GERMAN AMERICAN BANCORP, INC. (GABC) 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 ($204.1M vs $126.7M, roughly 1.6× GERMAN AMERICAN BANCORP, INC.). Hess Midstream LP runs the higher net margin — 77.3% vs 28.2%, a 49.1% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 2.1%). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% CAGR vs -25.3%).

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

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.

GABC vs HESM — Head-to-Head

Bigger by revenue
HESM
HESM
1.6× larger
HESM
$204.1M
$126.7M
GABC
Growing faster (revenue YoY)
GABC
GABC
+37.6% gap
GABC
39.7%
2.1%
HESM
Higher net margin
HESM
HESM
49.1% more per $
HESM
77.3%
28.2%
GABC
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
-25.3%
HESM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GABC
GABC
HESM
HESM
Revenue
$126.7M
$204.1M
Net Profit
$35.7M
$157.7M
Gross Margin
Operating Margin
34.6%
116.7%
Net Margin
28.2%
77.3%
Revenue YoY
39.7%
2.1%
Net Profit YoY
53.7%
-2.3%
EPS (diluted)
$0.98
$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
GABC
GABC
HESM
HESM
Q1 26
$204.1M
Q4 25
$126.7M
$404.2M
Q3 25
$126.5M
$420.9M
Q2 25
$123.2M
$414.2M
Q1 25
$111.1M
$382.0M
Q4 24
$90.7M
$395.9M
Q3 24
$88.5M
$378.5M
Q2 24
$90.5M
$365.5M
Net Profit
GABC
GABC
HESM
HESM
Q1 26
$157.7M
Q4 25
$35.7M
$93.3M
Q3 25
$35.1M
$97.7M
Q2 25
$31.4M
$90.3M
Q1 25
$10.5M
$71.6M
Q4 24
$23.2M
$70.4M
Q3 24
$21.0M
$58.6M
Q2 24
$20.5M
$49.5M
Operating Margin
GABC
GABC
HESM
HESM
Q1 26
116.7%
Q4 25
34.6%
62.2%
Q3 25
34.6%
61.5%
Q2 25
31.8%
62.8%
Q1 25
12.0%
62.1%
Q4 24
31.6%
61.4%
Q3 24
29.0%
61.2%
Q2 24
29.4%
60.8%
Net Margin
GABC
GABC
HESM
HESM
Q1 26
77.3%
Q4 25
28.2%
23.1%
Q3 25
27.7%
23.2%
Q2 25
25.5%
21.8%
Q1 25
9.5%
18.7%
Q4 24
25.6%
17.8%
Q3 24
23.8%
15.5%
Q2 24
22.7%
13.5%
EPS (diluted)
GABC
GABC
HESM
HESM
Q1 26
$0.68
Q4 25
$0.98
Q3 25
$0.94
Q2 25
$0.84
Q1 25
$0.30
Q4 24
$0.79
Q3 24
$0.71
Q2 24
$0.69

Balance Sheet & Financial Strength

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

Metric
GABC
GABC
HESM
HESM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$100.0M
Stockholders' EquityBook value
$1.2B
Total Assets
$8.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GABC
GABC
HESM
HESM
Q1 26
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
Total Debt
GABC
GABC
HESM
HESM
Q1 26
Q4 25
$100.0M
$3.8B
Q3 25
Q2 25
Q1 25
Q4 24
$114.6M
$3.5B
Q3 24
Q2 24
Stockholders' Equity
GABC
GABC
HESM
HESM
Q1 26
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$715.1M
Q3 24
$744.6M
Q2 24
$687.8M
Total Assets
GABC
GABC
HESM
HESM
Q1 26
Q4 25
$8.4B
$4.4B
Q3 25
$8.4B
$4.4B
Q2 25
$8.3B
$4.4B
Q1 25
$8.4B
$4.3B
Q4 24
$6.3B
$4.2B
Q3 24
$6.3B
$4.1B
Q2 24
$6.2B
$4.1B
Debt / Equity
GABC
GABC
HESM
HESM
Q1 26
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
GABC
GABC
HESM
HESM
Operating Cash FlowLast quarter
$159.3M
$253.3M
Free Cash FlowOCF − Capex
$154.0M
FCF MarginFCF / Revenue
121.6%
Capex IntensityCapex / Revenue
4.2%
51.4%
Cash ConversionOCF / Net Profit
4.46×
1.61×
TTM Free Cash FlowTrailing 4 quarters
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GABC
GABC
HESM
HESM
Q1 26
$253.3M
Q4 25
$159.3M
$245.6M
Q3 25
$51.8M
$258.9M
Q2 25
$26.9M
$276.9M
Q1 25
$37.9M
$202.4M
Q4 24
$95.8M
$258.5M
Q3 24
$24.5M
$224.9M
Q2 24
$18.7M
$271.6M
Free Cash Flow
GABC
GABC
HESM
HESM
Q1 26
Q4 25
$154.0M
$178.9M
Q3 25
$50.1M
$178.9M
Q2 25
$26.2M
$213.5M
Q1 25
$36.7M
$156.9M
Q4 24
$90.7M
$163.4M
Q3 24
$23.0M
$132.6M
Q2 24
$17.0M
$207.7M
FCF Margin
GABC
GABC
HESM
HESM
Q1 26
Q4 25
121.6%
44.3%
Q3 25
39.6%
42.5%
Q2 25
21.2%
51.5%
Q1 25
33.0%
41.1%
Q4 24
100.1%
41.3%
Q3 24
26.0%
35.0%
Q2 24
18.8%
56.8%
Capex Intensity
GABC
GABC
HESM
HESM
Q1 26
51.4%
Q4 25
4.2%
16.5%
Q3 25
1.3%
19.0%
Q2 25
0.6%
15.3%
Q1 25
1.1%
11.9%
Q4 24
5.6%
24.0%
Q3 24
1.7%
24.4%
Q2 24
1.8%
17.5%
Cash Conversion
GABC
GABC
HESM
HESM
Q1 26
1.61×
Q4 25
4.46×
2.63×
Q3 25
1.48×
2.65×
Q2 25
0.86×
3.07×
Q1 25
3.61×
2.83×
Q4 24
4.13×
3.67×
Q3 24
1.16×
3.84×
Q2 24
0.91×
5.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GABC
GABC

Segment breakdown not available.

HESM
HESM

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

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