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 | 210,555 | 239,538 | 250,402 | 269,776 | 202,120 |
| Revenue | US$ in thousands | 317,185 | 303,128 | 257,048 | 247,446 | 251,549 |
| Gross profit margin | 66.38% | 79.02% | 97.41% | 109.02% | 80.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $210,555K ÷ $317,185K
= 66.38%
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.