vs

Side-by-side financial comparison of Hess Midstream LP (HESM) and NATURES SUNSHINE PRODUCTS INC (NATR). Click either name above to swap in a different company.

Hess Midstream LP is the larger business by last-quarter revenue ($204.1M vs $123.8M, roughly 1.6× NATURES SUNSHINE PRODUCTS INC). Hess Midstream LP runs the higher net margin — 77.3% vs 3.3%, a 73.9% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs 2.1%). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -25.3%).

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.

Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.

HESM vs NATR — Head-to-Head

Bigger by revenue
HESM
HESM
1.6× larger
HESM
$204.1M
$123.8M
NATR
Growing faster (revenue YoY)
NATR
NATR
+2.6% gap
NATR
4.7%
2.1%
HESM
Higher net margin
HESM
HESM
73.9% more per $
HESM
77.3%
3.3%
NATR
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-25.3%
HESM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HESM
HESM
NATR
NATR
Revenue
$204.1M
$123.8M
Net Profit
$157.7M
$4.1M
Gross Margin
72.5%
Operating Margin
116.7%
4.3%
Net Margin
77.3%
3.3%
Revenue YoY
2.1%
4.7%
Net Profit YoY
-2.3%
1379.4%
EPS (diluted)
$0.68
$0.23

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
HESM
HESM
NATR
NATR
Q1 26
$204.1M
Q4 25
$404.2M
$123.8M
Q3 25
$420.9M
$128.3M
Q2 25
$414.2M
$114.8M
Q1 25
$382.0M
$113.2M
Q4 24
$395.9M
$118.2M
Q3 24
$378.5M
$114.6M
Q2 24
$365.5M
$110.6M
Net Profit
HESM
HESM
NATR
NATR
Q1 26
$157.7M
Q4 25
$93.3M
$4.1M
Q3 25
$97.7M
$5.3M
Q2 25
$90.3M
$5.3M
Q1 25
$71.6M
$4.7M
Q4 24
$70.4M
$-321.0K
Q3 24
$58.6M
$4.3M
Q2 24
$49.5M
$1.3M
Gross Margin
HESM
HESM
NATR
NATR
Q1 26
Q4 25
72.5%
Q3 25
73.3%
Q2 25
71.7%
Q1 25
72.1%
Q4 24
72.0%
Q3 24
71.3%
Q2 24
71.4%
Operating Margin
HESM
HESM
NATR
NATR
Q1 26
116.7%
Q4 25
62.2%
4.3%
Q3 25
61.5%
7.0%
Q2 25
62.8%
3.7%
Q1 25
62.1%
5.4%
Q4 24
61.4%
3.8%
Q3 24
61.2%
4.6%
Q2 24
60.8%
5.1%
Net Margin
HESM
HESM
NATR
NATR
Q1 26
77.3%
Q4 25
23.1%
3.3%
Q3 25
23.2%
4.2%
Q2 25
21.8%
4.6%
Q1 25
18.7%
4.2%
Q4 24
17.8%
-0.3%
Q3 24
15.5%
3.8%
Q2 24
13.5%
1.2%
EPS (diluted)
HESM
HESM
NATR
NATR
Q1 26
$0.68
Q4 25
$0.23
Q3 25
$0.30
Q2 25
$0.28
Q1 25
$0.25
Q4 24
$-0.02
Q3 24
$0.23
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
HESM
HESM
NATR
NATR
Cash + ST InvestmentsLiquidity on hand
$93.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$161.6M
Total Assets
$261.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HESM
HESM
NATR
NATR
Q1 26
Q4 25
$1.9M
$93.9M
Q3 25
$5.5M
$95.6M
Q2 25
$4.5M
$81.3M
Q1 25
$6.1M
$86.5M
Q4 24
$4.3M
$84.7M
Q3 24
$10.3M
$78.7M
Q2 24
$99.6M
$68.7M
Total Debt
HESM
HESM
NATR
NATR
Q1 26
Q4 25
$3.8B
Q3 25
Q2 25
Q1 25
Q4 24
$3.5B
Q3 24
Q2 24
Stockholders' Equity
HESM
HESM
NATR
NATR
Q1 26
Q4 25
$161.6M
Q3 25
$166.7M
Q2 25
$163.7M
Q1 25
$167.1M
Q4 24
$161.0M
Q3 24
$162.6M
Q2 24
$156.4M
Total Assets
HESM
HESM
NATR
NATR
Q1 26
Q4 25
$4.4B
$261.1M
Q3 25
$4.4B
$264.8M
Q2 25
$4.4B
$254.9M
Q1 25
$4.3B
$252.7M
Q4 24
$4.2B
$240.9M
Q3 24
$4.1B
$245.3M
Q2 24
$4.1B
$235.8M

Cash Flow & Capital Efficiency

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

Metric
HESM
HESM
NATR
NATR
Operating Cash FlowLast quarter
$253.3M
$9.9M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
51.4%
1.9%
Cash ConversionOCF / Net Profit
1.61×
2.41×
TTM Free Cash FlowTrailing 4 quarters
$28.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HESM
HESM
NATR
NATR
Q1 26
$253.3M
Q4 25
$245.6M
$9.9M
Q3 25
$258.9M
$18.5M
Q2 25
$276.9M
$4.3M
Q1 25
$202.4M
$2.6M
Q4 24
$258.5M
$12.2M
Q3 24
$224.9M
$9.6M
Q2 24
$271.6M
$1.3M
Free Cash Flow
HESM
HESM
NATR
NATR
Q1 26
Q4 25
$178.9M
$7.6M
Q3 25
$178.9M
$16.8M
Q2 25
$213.5M
$3.0M
Q1 25
$156.9M
$1.5M
Q4 24
$163.4M
$10.0M
Q3 24
$132.6M
$7.9M
Q2 24
$207.7M
$-2.0M
FCF Margin
HESM
HESM
NATR
NATR
Q1 26
Q4 25
44.3%
6.1%
Q3 25
42.5%
13.1%
Q2 25
51.5%
2.6%
Q1 25
41.1%
1.3%
Q4 24
41.3%
8.5%
Q3 24
35.0%
6.9%
Q2 24
56.8%
-1.9%
Capex Intensity
HESM
HESM
NATR
NATR
Q1 26
51.4%
Q4 25
16.5%
1.9%
Q3 25
19.0%
1.3%
Q2 25
15.3%
1.2%
Q1 25
11.9%
1.0%
Q4 24
24.0%
1.9%
Q3 24
24.4%
1.5%
Q2 24
17.5%
3.0%
Cash Conversion
HESM
HESM
NATR
NATR
Q1 26
1.61×
Q4 25
2.63×
2.41×
Q3 25
2.65×
3.46×
Q2 25
3.07×
0.81×
Q1 25
2.83×
0.55×
Q4 24
3.67×
Q3 24
3.84×
2.21×
Q2 24
5.49×
0.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HESM
HESM

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

NATR
NATR

Other$68.1M55%
General Health Products$20.2M16%
Digestive Products$13.8M11%
Cardiovascular Products$12.1M10%
Personal Care Products$4.4M4%
Immunity Products$3.1M3%
Weight Management Products$2.1M2%

Related Comparisons