Heritage Financial Corporation (HFWA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 309,712 | 239,538 | 248,976 | 240,404 | 238,226 |
| Revenue | US$ in thousands | 309,712 | 239,538 | 248,976 | 240,404 | 238,226 |
| Gross profit margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $309,712K ÷ $309,712K
= 100.00%
The gross profit margin for Heritage Financial Corporation has remained consistently strong at 100.00% for the years ending December 31st, 2020 through 2024. This indicates that the company is effectively controlling its production costs and generating a substantial profit on its sales. A gross profit margin of 100.00% suggests that the company is efficiently managing its direct costs associated with producing goods or services, resulting in a high level of profitability. This stability and profitability in the gross profit margin reflect positively on Heritage Financial Corporation's operational efficiency and financial performance.