Heritage Financial Corporation (HFWA)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 265,129 279,191 286,285 267,562 264,209 262,785 267,635 261,594 248,976 237,032 229,899 235,397 240,404 246,397 244,679 240,678 238,226 232,612 233,425 232,964
Revenue (ttm) US$ in thousands 265,129 279,191 286,285 267,562 264,209 262,785 267,635 261,594 248,976 237,032 229,899 235,397 240,404 246,397 244,679 240,678 238,226 232,612 233,425 232,964
Gross profit margin 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $265,129K ÷ $265,129K
= 100.00%

The gross profit margin of Heritage Financial Corporation has remained consistently at 100.00% for all quarters from March 31, 2020, to December 31, 2024. This indicates that the company is effectively controlling its production costs and generating a high level of gross profit from its operations. A gross profit margin of 100.00% suggests that the company is efficiently managing its costs and pricing its products or services effectively, resulting in a healthy margin between the revenue generated and the cost of goods sold. This stability in gross profit margin over multiple periods reflects the company's ability to maintain profitability and manage its operations efficiently.