Heritage Financial Corporation (HFWA)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 43,258 | 37,563 | 44,359 | 47,046 | 61,755 | 78,066 | 80,837 | 82,575 | 81,875 | 78,728 | 78,330 | 92,448 | 98,035 | 102,520 | 98,564 | 59,723 | 46,570 | 39,814 | 41,073 | 63,196 |
| 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 |
| Net profit margin | 16.32% | 13.45% | 15.49% | 17.58% | 23.37% | 29.71% | 30.20% | 31.57% | 32.88% | 33.21% | 34.07% | 39.27% | 40.78% | 41.61% | 40.28% | 24.81% | 19.55% | 17.12% | 17.60% | 27.13% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $43,258K ÷ $265,129K
= 16.32%
The net profit margin of Heritage Financial Corporation has exhibited fluctuations over the given periods, ranging from a high of 41.61% in September 2021 to a low of 13.45% in September 2024. Generally, the company's net profit margin has experienced a downward trend since reaching its peak in September 2021, with occasional variations along the way. It is important to further investigate the factors contributing to these fluctuations in order to understand the company's profitability dynamics and potential areas for improvement.