Heritage Financial (HFWA) Gross Margin (2022 - 2026)
Heritage Financial's (HFWA) quarterly Gross Margin came in at 77.12% in Q1 2026, up 458.0% YoY from 13.82% in Q1 2025, and up 1.12% on a QoQ basis from 76.26% in Q4 2025.
Heritage Financial (HFWA) Gross Margin (2022 - 2026) Analysis & Trends
Heritage Financial (HFWA) has 5 years of Gross Margin data on file, last reported at 77.12% in Q1 2026.
- Quarterly Gross Margin rose 458.0% year-over-year to 77.12% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 75.77% (down 111.0% YoY) and the FY2025 annual result came in at 74.51%, down 529.0% from the prior year.
- Gross Margin rose to 77.12% in Q1 2026, from 76.26% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 89.75% in Q3 2024 to a low of 23.21% in Q4 2023.
- A 5-year average of 65.95% and a median of 68.9% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 4247 bps — and 2025, when it plunged 1275 bps.
- Tracing HFWA's Gross Margin over 5 years: stood at 33.04% in 2022, then declined by 30 bps to 23.21% in 2023, then surged by 183 bps to 65.68% in 2024, then grew by 16 bps to 76.26% in 2025, then advanced by 1 bps to 77.12% in 2026.
- The last three Gross Margin figures came in at 77.12% (Q1 2026), 76.26% (Q4 2025), and 77.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 42.56% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | - |
| 10 | Heritage Financial | 1.19 Bn | 984.68 Mn | 1.36 Mn | 75.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.74% |
| Mar 31, 2026 | 77.12% |
| Dec 31, 2025 | 76.26% |
| Sep 30, 2025 | 77.00% |
| Jun 30, 2025 | 72.12% |
| Mar 31, 2025 | 72.54% |
| Dec 31, 2024 | 65.68% |
| Sep 30, 2024 | 89.75% |
| Jun 30, 2024 | 78.97% |
| Mar 31, 2024 | 83.77% |
| Dec 31, 2023 | 23.21% |
| Sep 30, 2023 | 64.25% |
| Jun 30, 2023 | 58.16% |
| Mar 31, 2023 | 60.12% |
| Dec 31, 2022 | 33.04% |
| Sep 30, 2022 | 62.82% |
| Jun 30, 2022 | 60.32% |