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Side-by-side financial comparison of HELEN OF TROY LTD (HELE) and Hess Midstream LP (HESM). Click either name above to swap in a different company.

HELEN OF TROY LTD is the larger business by last-quarter revenue ($512.8M vs $204.1M, roughly 2.5× Hess Midstream LP). Hess Midstream LP runs the higher net margin — 77.3% vs -16.4%, a 93.7% gap on every dollar of revenue. On growth, Hess Midstream LP posted the faster year-over-year revenue change (2.1% vs -3.4%). Over the past eight quarters, HELEN OF TROY LTD's revenue compounded faster (2.4% CAGR vs -25.3%).

Helen of Troy Limited is an American publicly traded designer, developer and worldwide marketer of consumer brand-name housewares, health and home, and beauty products under owned and licensed brands. It is the parent corporation of OXO International Ltd., Kaz, Inc., Steel Technology, LLC, and Idelle Labs, Ltd, among others. The company is headquartered in Hamilton, Bermuda, with U.S. operations headquartered in El Paso, Texas. The company is named after the mythic figure Helen of Troy.

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.

HELE vs HESM — Head-to-Head

Bigger by revenue
HELE
HELE
2.5× larger
HELE
$512.8M
$204.1M
HESM
Growing faster (revenue YoY)
HESM
HESM
+5.5% gap
HESM
2.1%
-3.4%
HELE
Higher net margin
HESM
HESM
93.7% more per $
HESM
77.3%
-16.4%
HELE
Faster 2-yr revenue CAGR
HELE
HELE
Annualised
HELE
2.4%
-25.3%
HESM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
HELE
HELE
HESM
HESM
Revenue
$512.8M
$204.1M
Net Profit
$-84.1M
$157.7M
Gross Margin
46.9%
Operating Margin
-1.6%
116.7%
Net Margin
-16.4%
77.3%
Revenue YoY
-3.4%
2.1%
Net Profit YoY
-269.4%
-2.3%
EPS (diluted)
$-3.65
$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
HELE
HELE
HESM
HESM
Q1 26
$204.1M
Q4 25
$512.8M
$404.2M
Q3 25
$431.8M
$420.9M
Q2 25
$371.7M
$414.2M
Q1 25
$485.9M
$382.0M
Q4 24
$530.7M
$395.9M
Q3 24
$474.2M
$378.5M
Q2 24
$416.8M
$365.5M
Net Profit
HELE
HELE
HESM
HESM
Q1 26
$157.7M
Q4 25
$-84.1M
$93.3M
Q3 25
$-308.6M
$97.7M
Q2 25
$-450.7M
$90.3M
Q1 25
$50.9M
$71.6M
Q4 24
$49.6M
$70.4M
Q3 24
$17.0M
$58.6M
Q2 24
$6.2M
$49.5M
Gross Margin
HELE
HELE
HESM
HESM
Q1 26
Q4 25
46.9%
Q3 25
44.2%
Q2 25
47.1%
Q1 25
48.6%
Q4 24
48.9%
Q3 24
45.6%
Q2 24
48.7%
Operating Margin
HELE
HELE
HESM
HESM
Q1 26
116.7%
Q4 25
-1.6%
62.2%
Q3 25
-73.1%
61.5%
Q2 25
-109.5%
62.8%
Q1 25
0.4%
62.1%
Q4 24
14.2%
61.4%
Q3 24
7.3%
61.2%
Q2 24
7.4%
60.8%
Net Margin
HELE
HELE
HESM
HESM
Q1 26
77.3%
Q4 25
-16.4%
23.1%
Q3 25
-71.5%
23.2%
Q2 25
-121.3%
21.8%
Q1 25
10.5%
18.7%
Q4 24
9.3%
17.8%
Q3 24
3.6%
15.5%
Q2 24
1.5%
13.5%
EPS (diluted)
HELE
HELE
HESM
HESM
Q1 26
$0.68
Q4 25
$-3.65
Q3 25
$-13.44
Q2 25
$-19.65
Q1 25
$2.20
Q4 24
$2.17
Q3 24
$0.74
Q2 24
$0.26

Balance Sheet & Financial Strength

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

Metric
HELE
HELE
HESM
HESM
Cash + ST InvestmentsLiquidity on hand
$27.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$852.3M
Total Assets
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HELE
HELE
HESM
HESM
Q1 26
Q4 25
$27.1M
$1.9M
Q3 25
$22.4M
$5.5M
Q2 25
$22.7M
$4.5M
Q1 25
$18.9M
$6.1M
Q4 24
$40.8M
$4.3M
Q3 24
$20.1M
$10.3M
Q2 24
$16.1M
$99.6M
Total Debt
HELE
HELE
HESM
HESM
Q1 26
Q4 25
$3.8B
Q3 25
Q2 25
Q1 25
$921.9M
Q4 24
$3.5B
Q3 24
Q2 24
Stockholders' Equity
HELE
HELE
HESM
HESM
Q1 26
Q4 25
$852.3M
Q3 25
$926.3M
Q2 25
$1.2B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Total Assets
HELE
HELE
HESM
HESM
Q1 26
Q4 25
$2.3B
$4.4B
Q3 25
$2.4B
$4.4B
Q2 25
$2.7B
$4.4B
Q1 25
$3.1B
$4.3B
Q4 24
$3.0B
$4.2B
Q3 24
$2.9B
$4.1B
Q2 24
$2.8B
$4.1B
Debt / Equity
HELE
HELE
HESM
HESM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.55×
Q4 24
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
HELE
HELE
HESM
HESM
Operating Cash FlowLast quarter
$11.9M
$253.3M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
1.2%
51.4%
Cash ConversionOCF / Net Profit
1.61×
TTM Free Cash FlowTrailing 4 quarters
$55.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HELE
HELE
HESM
HESM
Q1 26
$253.3M
Q4 25
$11.9M
$245.6M
Q3 25
$-10.5M
$258.9M
Q2 25
$58.3M
$276.9M
Q1 25
$35.0M
$202.4M
Q4 24
$8.3M
$258.5M
Q3 24
$44.6M
$224.9M
Q2 24
$25.3M
$271.6M
Free Cash Flow
HELE
HELE
HESM
HESM
Q1 26
Q4 25
$5.8M
$178.9M
Q3 25
$-21.9M
$178.9M
Q2 25
$45.0M
$213.5M
Q1 25
$27.1M
$156.9M
Q4 24
$191.0K
$163.4M
Q3 24
$39.7M
$132.6M
Q2 24
$16.2M
$207.7M
FCF Margin
HELE
HELE
HESM
HESM
Q1 26
Q4 25
1.1%
44.3%
Q3 25
-5.1%
42.5%
Q2 25
12.1%
51.5%
Q1 25
5.6%
41.1%
Q4 24
0.0%
41.3%
Q3 24
8.4%
35.0%
Q2 24
3.9%
56.8%
Capex Intensity
HELE
HELE
HESM
HESM
Q1 26
51.4%
Q4 25
1.2%
16.5%
Q3 25
2.7%
19.0%
Q2 25
3.6%
15.3%
Q1 25
1.6%
11.9%
Q4 24
1.5%
24.0%
Q3 24
1.0%
24.4%
Q2 24
2.2%
17.5%
Cash Conversion
HELE
HELE
HESM
HESM
Q1 26
1.61×
Q4 25
2.63×
Q3 25
2.65×
Q2 25
3.07×
Q1 25
0.69×
2.83×
Q4 24
0.17×
3.67×
Q3 24
2.62×
3.84×
Q2 24
4.08×
5.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HELE
HELE

Beauty Wellness$283.2M55%
Home Outdoor$229.6M45%

HESM
HESM

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

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