Heritage Financial Corporation logo HFWA - Heritage Financial Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $31.33 DETAILS
HIGH: $32.00
LOW: $30.00
MEDIAN: $32.00
CONSENSUS: $31.33
UPSIDE: 15.27%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1997
Revenue
Revenue 336.0 317.2 303.1 257.0 247.4 251.5 250.3 231.0 183.3 170.1 168.0 137.5 80.6 76.3 79.8 69.0 62.0 65.8 71.0 63.2 52.1 45.4 44.3 46.6 51.1 48.4 40.6 32.3
Cost of Revenue 92.6 106.6 63.6 6.6 (22.3) 49.4 22.5 17.5 12.6 10.9 10.5 10.3 7.4 6.5 21.0 20.5 31.0 26.0 26.6 20.2 12.4 7.9 8.5 12.1 19.8 20.2 13.5 12
Gross Profit 243.4 210.6 239.5 250.4 269.8 202.1 227.8 213.5 170.7 159.2 157.5 127.3 73.2 69.8 58.8 48.5 31.0 39.7 44.4 43.0 39.7 37.6 35.9 34.5 31.4 28.2 27.1 20.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 121.1 102.8 105.3 95.8 93.0 93.0 104.8 101.4 76.8 73.2 70.9 66.1 39.0 34.1 32.7 25.0 18.5 17.4 17.2 15.0 13.1 12.6 12.1 11.0 10.7 10.5 10.1 7.9
Other Expenses 44.4 55.5 61.3 55.2 56.3 55.9 42.0 47.8 33.8 33.3 35.3 33.2 20.1 16.2 16.9 3.8 12.3 13.0 11.1 12.1 11.1 10.6 10.2 9.3 9.9 8.8 8.6 5.7
Operating Expenses 165.6 158.3 166.6 151.0 149.3 148.9 146.8 149.2 110.6 106.5 106.2 99.3 59.1 50.3 49.6 28.8 30.9 30.4 28.3 27.1 24.2 23.3 22.2 20.3 20.6 19.3 18.7 13.6
Operating Income
Operating Income 77.8 52.3 72.9 99.4 120.5 53.2 81.0 64.3 60.1 52.7 51.3 27.9 14.2 19.4 9.2 19.8 0.1 9.3 16.1 15.9 15.5 14.3 13.6 14.3 10.7 8.9 8.4 6.7
Interest Expense 89.8 100.3 59.3 8.1 7.0 13.3 18.2 12.4 8.3 6.0 6.1 5.7 3.7 4.5 6.6 8.5 11.6 18.6 25.8 19.5 11.5 7.2 7.3 10.2 18.6 19.4 13.1 11.9
Interest Income 314.2 309.7 284.5 227.5 212.8 214.3 217.8 199.4 147.7 138.5 135.7 121.1 71.4 69.1 74.1 59.5 53.3 56.9 62.4 55.2 45.4 38.9 37.2 40.4 45.2 44.2 36.6 28
Profitability
EBITDA 79.6 55.5 78.5 102.5 101.9 53.1 99.2 85.7 72.1 66.8 67.4 42.7 20.1 24.2 11.8 22.1 1.3 10.6 17.7 17.6 17.3 16.0 15.5 16.1 13.0 11.2 10.7 7.9
EBIT 77.8 52.3 72.9 99.4 120.3 53.2 81.0 64.3 60.1 52.7 51.3 27.9 14.2 19.4 9.2 19.8 0.1 9.3 16.1 15.9 15.5 14.3 13.6 14.3 10.7 8.9 8.4 6.7
Income Before Tax 78.6 52.3 72.9 99.4 120.5 53.2 81.0 64.3 60.1 52.7 51.3 27.9 14.2 19.4 9.2 19.8 0.1 9.3 16.1 15.9 15.5 14.3 13.6 14.3 10.7 8.9 8.4 6.7
Income Tax Expense 11.1 9.0 11.2 17.6 22.5 6.6 13.5 11.2 18.4 13.8 13.8 6.9 4.6 6.2 2.6 6.4 (0.5) 3.0 5.4 5.4 5.0 4.7 4.7 4.9 3.8 2.9 3 2.4
Net Income 67.5 43.3 61.8 81.9 98.0 46.6 67.6 53.1 41.8 38.9 37.5 21.0 9.6 13.3 6.5 13.4 0.6 6.4 10.7 10.5 10.5 9.6 8.9 9.4 7.0 6.0 5.4 4.3
Per Share Data
EPS (Basic) 1.99 1.26 1.76 2.33 2.75 1.29 1.84 1.49 1.29 1.30 1.25 0.82 0.61 0.87 0.42 1.05 0.07 0.93 1.63 1.65 1.69 1.46 1.30 1.25 0.83 0.63 0.48 0.39
EPS (Diluted) 1.96 1.24 1.75 2.31 2.73 1.29 1.83 1.50 1.29 1.30 1.25 0.82 0.61 0.87 0.42 1.04 0.07 0.93 1.61 1.60 1.65 1.42 1.26 1.21 0.82 0.62 0.47 0.38
Shares Outstanding 34.0 34.5 35.5 35.1 35.7 36.0 36.8 35.2 29.8 29.7 29.8 25.4 15.5 15.1 15.4 11.1 7.8 6.6 6.6 6.4 6.2 6.6 6.8 7.6 8.4 9.5 11.3 11.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1997
Current Assets
Cash & Cash Equivalents 52.6 117.1 225.0 103.6 1,723.3 743.3 228.6 161.9 103.0 103.7 107.2 60.6 19.3 27.9 38.0 45.8 21.5 18.5 74.6
Short-Term Investments 607.5 764.4 1,134.4 1,331.4 894.3 802.2 952.3 976.1 810.5 794.6 0 0 0 0 0 0 0 0 0
Net Receivables 4,750.0 19.5 19.5 18.5 14.7 19.4 14.4 15.4 12.2 10.9 4.0 4.2 2.9 2.8 2.9 3.2 3.7 2.9 2.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 5,410.1 901.0 1,378.8 1,749.8 2,815.8 1,758.2 1,359.5 1,251.9 1,025.1 988.7 120.4 69.3 22.3 30.7 40.9 49.0 25.2 21.4 76.9
Non-Current Assets
Property, Plant & Equipment 74.7 71.6 74.9 76.9 79.4 85.5 87.9 81.1 60.3 63.9 16.4 15.7 16.9 17.5 18.0 19.0 19.5 18.9 15.9
Goodwill 240.9 240.9 240.9 240.9 240.9 240.9 240.9 240.9 119.0 119.0 13.0 13.0 0 0 0 0 0 0 0
Intangible Assets 2.0 3.2 4.8 7.2 10.0 13.1 16.6 20.6 6.1 7.4 0.3 0.4 2.9 2.8 2.9 3.2 3.7 2.9 2.3
Long-Term Investments 0 5,452.9 5,027.1 4,774.3 4,158.2 4,403.4 3,737.2 3,620.7 2,819.3 2,621.3 797.7 837.6 638.8 571.4 514.4 523.1 516.1 456.1 310.9
Other Non-Current Assets 0 436.7 448.4 131.0 128.1 114.2 110.8 101.7 83.4 78.7 57.9 5.6 12.6 14.7 14.7 11.9 5.5 6.8 3.6
Total Non-Current Assets 317.6 6,205.3 5,796.1 5,230.3 4,616.6 4,857.1 4,193.5 4,065.0 3,088.2 2,890.3 894.4 876.9 675.0 610.2 553.7 560.7 548.4 489.6 339
Total Assets 6,967.4 7,106.3 7,175.0 6,980.1 7,432.4 6,615.3 5,553.0 5,316.9 4,113.3 3,879.0 1,014.9 946.1 697.3 640.9 594.6 609.6 573.5 511 415.9
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 20 0 0 46.6 50.8 35.7 20.2 31.5 31.8 22.1 10.4 0 40.9 31.1 0 8 23.1 2.8 0.7
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 4,559.8 5,684.6 5,599.9 5,924.8 6,394.3 5,598.0 4,582.7 4,432.4 3,393.1 3,229.6 840.1 824.5 587.3 541.8 517.1 515.1 460.2 405.1 314.1
Total Current Liabilities 4,579.8 5,684.6 5,599.9 6,160.7 6,556.8 5,774.0 4,723.1 4,535.9 3,492.5 3,297.9 856.4 833.0 628.2 572.9 517.1 523.1 483.4 408.8 316.3
Non-Current Liabilities
Long-Term Debt 22.4 405.1 521.8 21.5 21.2 20.9 20.6 20.3 112.5 99.3 0 0 0 0 0 0 1 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,443.7 153.1 200.1 0 0 0 0 0 0 0 0 0 8.1 5.8 5.1 8.0 6.2 6.9 5.7
Total Non-Current Liabilities 1,466.0 558.1 721.8 21.5 21.2 20.9 20.6 20.3 112.5 99.3 0 0 8.1 5.8 5.1 8.0 7.2 6.9 5.7
Total Liabilities 6,045.8 6,242.8 6,321.7 6,182.2 6,578.0 5,794.9 4,743.7 4,556.2 3,605.0 3,397.2 856.4 833.0 636.3 578.7 522.2 531.1 490.5 415.7 322
Stockholders' Equity
Common Stock 531.1 531.7 549.7 552.4 551.8 571.0 586.5 591.8 360.6 359.1 0 0 11.9 18.4 33.6 45.7 54.1 69.8 0
Retained Earnings 421.6 387.1 376.0 345.3 293.2 224.4 212.5 176.4 149.0 125.3 62.0 63.2 50.7 44.8 39.7 33.8 30 26.9 24.6
Accumulated Other Comprehensive Income (31.2) (55.2) (72.5) (99.8) 9.4 25.0 10.4 (7.5) (1.3) (2.6) (0.2) 0.4 (1.6) (1.0) (0.9) (0.9) (1.1) (1.5) 0
Total Stockholders' Equity 921.5 863.5 853.3 797.9 854.4 820.4 809.3 760.7 508.3 481.8 158.5 113.1 60.9 62.2 72.4 78.5 83.0 95.3 93.9
Total Liabilities & Equity 6,967.4 7,106.3 7,175.0 6,980.1 7,432.4 6,615.3 5,553.0 5,316.9 4,113.3 3,879.0 1,014.9 946.1 697.3 640.9 594.6 609.6 573.5 511 415.9
Debt Metrics
Total Debt 42.4 405.1 521.8 68.1 72.0 56.6 40.8 51.8 144.3 121.4 10.4 0 40.9 31.1 0 8 24.1 2.8 0.7
Net Debt (10.2) 288.0 296.8 (35.5) (1,651.3) (686.8) (187.8) (110.1) 41.3 17.7 (96.8) (60.6) 21.6 3.2 (38.0) (37.8) 2.7 (15.7) (73.9)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1997
Operating Activities
Net Income 67.5 43.3 61.8 81.9 98.0 46.6 67.6 53.1 41.8 38.9 10.5 9.6 8.9 9.4 7.0 6.0 5.4 4.3
Depreciation & Amortization 2.1 3.2 5.6 3.1 (18.6) (0.1) 18.1 21.4 12.0 14.1 1.8 1.7 1.9 1.8 2.3 2.3 2.3 1.2
Stock-Based Compensation 4.9 4.3 4.3 3.8 3.7 3.6 3.2 2.7 2.1 1.8 0 0 0 0 0 0 0 0
Change in Working Capital 0 4.4 0 0 0 (11.2) 6.8 10.2 10.6 0.7 0 2.7 0 0 0 0 0 (0.4)
Other Non-Cash Items 38.2 24.6 51.0 4.8 (13.5) 31.4 (3.2) 3.0 7.0 0 1.2 1.6 9.0 (2.6) (0.5) (3.4) 7.6 2.7
Operating Cash Flow 94.8 64.5 109.5 94.5 69.5 70.3 92.5 90.4 73.5 54.0 13.2 15.4 19.1 8.1 8.6 4.6 15.2 7.8
Investing Activities
Capital Expenditure (9.2) (3.5) (10.4) (4.0) (3.0) (7.0) (13.0) (23.3) (3.1) (6.7) (0.7) (1.2) (1.3) (0.8) (1.2) (2.3) (2.4) (0.7)
Acquisitions 0 0 (13.8) 0 0 0 0 106.0 (206.3) (234.9) 0 0 0 0 0 0 0 0
Purchases of Investments (88.2) (33.1) (178.4) (1,203.7) (756.4) (152.6) (242.8) (342.1) (149.9) (267.7) (6.6) (17.6) (60.0) (61.4) (47.7) (0.5) (14.6) (24.9)
Sales/Maturities of Investments 295.5 439.4 424.6 240.2 266.8 319.3 286.3 248.6 129.9 269.8 7.4 27.8 52.8 41.0 56.5 4.4 18.9 11.4
Other Investing Activities (11.4) (488.7) (315.5) (240.2) 656.4 (698.2) (155.8) (98.7) (218.3) (248.3) (53.7) (78.7) (57.6) 30.3 (13.7) (63.2) (97.7) (11)
Investing Cash Flow 186.8 (85.9) (93.4) (1,207.8) 163.8 (538.5) (125.3) (109.6) (241.4) (252.9) (53.6) (69.8) (66.1) 9.1 (6.1) (61.6) (95.8) (25.2)
Financing Activities
Net Debt Issuance (363) (117) 500 0 0 0 0 (108.5) 12.9 79.6 (1) 9.8 31.1 (8) (16.1) 21.3 2.1 (0.7)
Stock Repurchased (5.5) (22.4) (7.0) (3.2) (22.9) (19.1) (8.6) (1.7) (0.7) (2.9) 0 0 0 0 0 0 0 0
Dividends Paid (32.6) (31.8) (30.8) (29.5) (28.9) (28.9) (30.9) (25.8) (18.3) (21.6) (4.3) (3.7) (3.7) (3.5) (3.2) (2.9) (2.4) (0.3)
Other Financing Activities 235.6 84.7 (356.9) (473.7) 798.5 1,031.0 139.0 214.1 173.3 120.9 49.2 45.4 24.7 2.0 54.5 55.2 37.8 27.1
Financing Cash Flow (165.6) (86.5) 105.3 (506.4) 746.7 983.0 99.5 78.1 167.2 176.1 43.1 44.2 36.5 (22.1) 26.8 57.9 30.4 89.3
Cash Position
Net Change in Cash 116.0 (107.9) 121.4 (1,619.7) 980.0 514.8 66.7 58.9 (0.7) (22.9) 2.7 (10.2) (10.4) (4.8) 29.3 0.8 (50.3) 71.9
Cash at Beginning 117.1 225.0 103.6 1,723.3 743.3 228.6 161.9 103.0 103.7 126.6 25.3 35.5 45.9 50.8 21.5 20.6 70.9 12.2
Cash at End 233.1 117.1 225.0 103.6 1,723.3 743.3 228.6 161.9 103.0 103.7 28.0 25.3 35.5 45.9 50.8 21.5 20.6 84.1
Free Cash Flow 85.7 61.0 99.1 90.4 66.5 63.3 79.4 67.1 70.5 47.3 12.5 14.2 17.8 7.3 7.4 2.3 12.8 7.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1997
Income Statement
Revenue 336.0 317.2 303.1 257.0 247.4 251.5 250.3 231.0 183.3 170.1 168.0 137.5 80.6 76.3 79.8 69.0 62.0 65.8 71.0 63.2 52.1 45.4 44.3 46.6 51.1 48.4 40.6 32.3
Gross Profit 243.4 210.6 239.5 250.4 269.8 202.1 227.8 213.5 170.7 159.2 157.5 127.3 73.2 69.8 58.8 48.5 31.0 39.7 44.4 43.0 39.7 37.6 35.9 34.5 31.4 28.2 27.1 20.3
Operating Income 77.8 52.3 72.9 99.4 120.5 53.2 81.0 64.3 60.1 52.7 51.3 27.9 14.2 19.4 9.2 19.8 0.1 9.3 16.1 15.9 15.5 14.3 13.6 14.3 10.7 8.9 8.4 6.7
Net Income 67.5 43.3 61.8 81.9 98.0 46.6 67.6 53.1 41.8 38.9 37.5 21.0 9.6 13.3 6.5 13.4 0.6 6.4 10.7 10.5 10.5 9.6 8.9 9.4 7.0 6.0 5.4 4.3
EPS (Diluted) 1.96 1.24 1.75 2.31 2.73 1.29 1.83 1.50 1.29 1.30 1.25 0.82 0.61 0.87 0.42 1.04 0.07 0.93 1.61 1.60 1.65 1.42 1.26 1.21 0.82 0.62 0.47 0.38
Balance Sheet
Cash & Equivalents 52.6 117.1 225.0 103.6 1,723.3 743.3 228.6 161.9 103.0 103.7 107.2 60.6 19.3 27.9 38.0 45.8 21.5 18.5 74.6
Total Assets 6,967.4 7,106.3 7,175.0 6,980.1 7,432.4 6,615.3 5,553.0 5,316.9 4,113.3 3,879.0 1,014.9 946.1 697.3 640.9 594.6 609.6 573.5 511 415.9
Total Debt 42.4 405.1 521.8 68.1 72.0 56.6 40.8 51.8 144.3 121.4 10.4 0 40.9 31.1 0 8 24.1 2.8 0.7
Stockholders' Equity 921.5 863.5 853.3 797.9 854.4 820.4 809.3 760.7 508.3 481.8 158.5 113.1 60.9 62.2 72.4 78.5 83.0 95.3 93.9
Cash Flow
Operating Cash Flow 94.8 64.5 109.5 94.5 69.5 70.3 92.5 90.4 73.5 54.0 13.2 15.4 19.1 8.1 8.6 4.6 15.2 7.8
Capital Expenditure (9.2) (3.5) (10.4) (4.0) (3.0) (7.0) (13.0) (23.3) (3.1) (6.7) (0.7) (1.2) (1.3) (0.8) (1.2) (2.3) (2.4) (0.7)
Free Cash Flow 85.7 61.0 99.1 90.4 66.5 63.3 79.4 67.1 70.5 47.3 12.5 14.2 17.8 7.3 7.4 2.3 12.8 7.1