Heritage Financial (HFWA) Return on Invested Capital [ROIC] (2014 - 2026)
Heritage Financial's Return on Invested Capital [ROIC] came in at 12.40% for Q2 2026, up 1.18 percentage points from 11.21% a year earlier but down 1.51 percentage points from the prior quarter.
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Analysis
Heritage Financial (HFWA) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, Heritage Financial's Return on Invested Capital [ROIC] was 12.96%, up 3.41 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +5.99 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 9.56% in FY2024 (-0.65 pp), 10.21% in FY2023 (-0.24 pp), 10.44% in FY2022 (-1.64 pp) and 12.09% in FY2021 (+5.12 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 8.11% (Q1 2024) to 14.27% (Q4 2025).
- Year-over-year, Return on Invested Capital [ROIC] has increased for nine consecutive quarters, with an average year-over-year change of +2.33 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2021 (a gain of 5.89 percentage points), and the weakest in Q4 2023 (a drop of 2.53 percentage points).
- Business Quant data shows HFWA's Return on Invested Capital [ROIC] at 13.90% (Q1 2026), 14.27% (Q4 2025) and 12.09% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 32.13% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 25.16% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 42.00% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 11.34% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 6.24% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 14.05% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 27.68% |
| 10 | Heritage Financial | 1.15 Bn | 200.00 Mn | - | 12.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.40% |
| Mar 31, 2026 | 13.90% |
| Dec 31, 2025 | 14.27% |
| Sep 30, 2025 | 12.09% |
| Jun 30, 2025 | 11.21% |
| Mar 31, 2025 | 11.16% |
| Dec 31, 2024 | 9.92% |
| Sep 30, 2024 | 9.20% |
| Jun 30, 2024 | 8.70% |
| Mar 31, 2024 | 8.11% |
| Dec 31, 2023 | 8.42% |
| Sep 30, 2023 | 8.75% |
| Jun 30, 2023 | 8.17% |
| Mar 31, 2023 | 9.21% |
| Dec 31, 2022 | 10.95% |
| Sep 30, 2022 | 10.38% |
| Jun 30, 2022 | 10.04% |
| Mar 31, 2022 | 11.40% |
| Dec 31, 2021 | 11.89% |
| Sep 30, 2021 | 12.46% |
API Access
Heritage Financial Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HFWA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HFWA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HFWA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();