Heritage Financial Corporation (HFWA)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 14.48% | 16.62% | 19.26% | 21.59% | 28.14% | 35.86% | 36.65% | 38.52% | 39.94% | 40.44% | 41.67% | 48.17% | 50.13% | 50.53% | 48.24% | 29.41% | 22.32% | 19.53% | 20.50% | 31.81% |
| Pretax margin | 19.71% | 15.22% | 17.90% | 20.60% | 27.60% | 35.86% | 36.65% | 38.52% | 39.94% | 40.44% | 41.67% | 48.17% | 50.13% | 50.53% | 48.24% | 29.41% | 22.32% | 19.53% | 20.50% | 31.81% |
| 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% |
The profitability ratios of Heritage Financial Corporation have shown consistency in gross profit margin, which has remained at 100% throughout the period under review. However, the operating profit margin has fluctuated significantly, starting at 31.81% in March 2020 and decreasing to 14.48% by December 2024. The pretax margin followed a similar trend, peaking at 50.53% in September 2021 but decreasing to 15.22% by September 2024. The net profit margin also experienced fluctuations, ranging from 13.45% in September 2024 to 41.61% in September 2021. Overall, the company's profitability has seen a downward trend over the years, indicating potential challenges in maintaining and growing its profits.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.54% | 0.65% | 0.78% | 0.81% | 1.04% | 1.32% | 1.38% | 1.39% | 1.42% | 1.33% | 1.31% | 1.52% | 1.62% | 1.72% | 1.66% | 1.01% | 0.80% | 0.68% | 0.73% | 1.33% |
| Return on assets (ROA) | 0.61% | 0.53% | 0.63% | 0.66% | 0.86% | 1.09% | 1.14% | 1.14% | 1.17% | 1.09% | 1.07% | 1.24% | 1.32% | 1.41% | 1.39% | 0.85% | 0.70% | 0.60% | 0.63% | 1.13% |
| Return on total capital | 4.27% | 4.22% | 5.45% | 5.98% | 8.05% | 11.87% | 12.30% | 12.41% | 12.38% | 11.83% | 10.72% | 11.79% | 12.35% | 13.31% | 12.96% | 8.56% | 6.48% | 5.66% | 6.03% | 9.28% |
| Return on equity (ROE) | 5.01% | 4.30% | 5.22% | 5.55% | 7.24% | 9.60% | 9.86% | 10.00% | 10.26% | 10.14% | 9.73% | 11.25% | 11.47% | 12.08% | 11.51% | 7.22% | 5.68% | 4.96% | 5.18% | 7.91% |
Based on the provided data, the profitability ratios of Heritage Financial Corporation have shown some fluctuations over the past few years.
1. Operating Return on Assets (Operating ROA):
- The Operating ROA has ranged from a low of 0.54% in December 2024 to a high of 1.72% in September 2021.
- The ratio indicates the company's ability to generate operating profits from its total assets, with a gradual increase observed from 2020 to 2022, followed by a slight decline in the most recent period.
2. Return on Assets (ROA):
- The ROA has fluctuated between 0.53% in December 2024 and 1.41% in September 2021.
- This ratio measures the overall profitability of the company relative to its total assets, showing a similar trend to the Operating ROA but with slightly lower values across the periods.
3. Return on Total Capital:
- Return on Total Capital ranged from 4.22% in September 2024 to 13.31% in September 2021.
- This ratio indicates the company's efficiency in generating profits from its total invested capital, with a significant decrease in 2023 compared to the peak in 2021.
4. Return on Equity (ROE):
- ROE has fluctuated from 4.30% in September 2024 to 12.08% in September 2021.
- This ratio measures the profitability of the company from the perspective of shareholders' equity, showing a similar trend to the ROA ratios, reflecting the company's ability to generate profits for its shareholders.
Overall, Heritage Financial Corporation has demonstrated varying levels of profitability over the periods analyzed, with some fluctuations in performance across the different profitability metrics.