Heritage Financial Corporation (HFWA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 43,258 | 61,755 | 81,875 | 98,035 | 46,570 |
| Revenue | US$ in thousands | 309,712 | 239,538 | 248,976 | 240,404 | 238,226 |
| Net profit margin | 13.97% | 25.78% | 32.88% | 40.78% | 19.55% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $43,258K ÷ $309,712K
= 13.97%
The net profit margin of Heritage Financial Corporation has displayed varying trends over the past five years. In December 2020, the net profit margin stood at 19.55%, indicating that 19.55% of the company's revenues were translated into profits after accounting for all expenses. This figure experienced a notable increase to 40.78% by December 2021, reflecting a significant improvement in the company's profitability.
Subsequently, in December 2022, the net profit margin decreased to 32.88%, suggesting a slight decline in profitability from the previous year. The trend continued into December 2023, where the net profit margin dropped further to 25.78%, indicating that the company's profitability was moderating.
By December 2024, the net profit margin fell to 13.97%, signifying a significant decrease from the previous year and indicating a substantial reduction in the company's profitability compared to earlier periods. Overall, Heritage Financial Corporation's net profit margin has shown fluctuations, with a peak in 2021 followed by a gradual decline in subsequent years. Vigilance is warranted to monitor the company's profitability and implement measures to sustain and enhance its financial performance.