Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.11 | 15.02 | 17.63 | 13.54 | 9.10 | 10.80 | 17.03 | 15.21 | 17.50 | 16.49 | 10.99 | 30.30 | 29.71 | 8.00 | 8.42 | 9.22 | 11.97 | 11.22 | 12.10 | 11.19 | 11.11 |
| — | +39.1% | +3.5% | -10.9% | -48.0% | -34.5% | +54.9% | -49.8% | -41.1% | +106.3% | +30.5% | +228.5% | +148.2% | -28.7% | -30.4% | -17.5% | +7.7% | +2.0% | +74.0% | +10.9% | +25.4% | |
| P/S Ratio | 4.33 | 3.29 | 7.59 | 3.26 | 3.07 | 3.17 | 3.64 | 3.64 | 3.71 | 3.44 | 2.79 | 3.51 | 3.70 | 2.31 | 2.25 | 2.78 | 3.90 | 3.52 | 3.90 | 4.00 | 3.75 |
| — | +3.9% | +108.6% | -10.5% | -17.3% | -8.0% | +30.4% | +3.8% | +0.3% | +48.8% | +24.1% | +26.1% | -5.2% | -34.2% | -42.3% | -30.4% | +4.0% | -8.5% | +7.4% | -5.4% | +12.9% | |
| P/B Ratio | 1.06 | 1.05 | 1.08 | 0.91 | 0.88 | 0.92 | 0.93 | 0.95 | 0.98 | 0.86 | 0.74 | 0.81 | 0.88 | 0.70 | 0.69 | 0.92 | 1.36 | 1.21 | 1.11 | 1.08 | 1.01 |
| — | +14.1% | +16.3% | -4.3% | -9.9% | +6.7% | +25.1% | +18.2% | +11.5% | +22.6% | +6.8% | -12.2% | -35.4% | -41.8% | -37.4% | -15.0% | +34.4% | +11.9% | +4.2% | -12.6% | -1.7% | |
| P/FCF | 13.03 | 9.35 | 12.25 | 20.07 | 9.13 | 8.53 | 9.83 | 11.61 | 10.68 | 8.12 | 26.37 | 14.22 | 6.29 | 5.24 | 6.11 | 10.12 | 8.97 | 8.56 | 9.89 | 21.74 | 12.03 |
| — | +9.6% | +24.6% | +72.9% | -14.5% | +5.1% | -62.7% | -18.4% | +69.8% | +55.0% | +331.7% | +40.6% | -29.9% | -38.8% | -38.3% | -53.5% | -25.4% | -23.5% | -15.5% | -26.8% | — | |
| EV / EBITDA | 15.84 | 6.06 | — | 10.26 | 7.90 | 8.25 | 14.28 | 12.97 | 16.51 | 18.15 | 15.33 | 32.36 | 32.85 | 9.20 | 11.31 | 8.63 | 8.91 | 5.42 | -0.43 | -6.89 | -9.05 |
| — | -26.6% | — | -20.9% | -52.1% | -54.5% | -6.8% | -59.9% | -49.8% | +97.3% | +35.5% | +275.0% | +268.9% | +69.6% | +2723.5% | +225.3% | +198.4% | +172.7% | +79.8% | -562.5% | — | |
| EV / EBIT | 14.91 | 6.06 | — | 10.73 | 8.08 | 8.37 | 14.77 | 13.57 | 17.37 | 18.81 | 16.22 | 36.96 | 39.81 | 9.72 | 12.20 | 9.13 | 9.43 | 5.78 | -0.44 | -6.63 | -8.07 |
| — | -27.6% | — | -21.0% | -53.5% | -55.5% | -9.0% | -63.3% | -56.4% | +93.6% | +33.0% | +304.8% | +322.3% | +68.0% | +2852.7% | +237.7% | +216.8% | +190.6% | +75.3% | -654.6% | -672.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.9% | 97.4% | 106.2% | 101.3% | 100.0% | 97.3% | 98.3% | 99.9% | 97.9% | 95.5% | 97.8% | 97.1% | 97.2% | 101.4% | 97.0% | 97.3% | 98.0% | 97.1% | 102.1% | 106.4% | 108.7% |
| — | +0.1% | +8.0% | +1.4% | +2.1% | +1.8% | +0.6% | +2.9% | +0.8% | -5.8% | +0.8% | -0.2% | -0.8% | +4.5% | -5.0% | -8.6% | -9.9% | -7.8% | -16.5% | -4.9% | +3.6% | |
| Operating Margin | 31.6% | 25.8% | -56.9% | 28.7% | 37.5% | 34.0% | 25.6% | 28.1% | 28.6% | 23.8% | 28.4% | 14.1% | 13.0% | 35.2% | 31.5% | 36.2% | 40.0% | 38.4% | 39.5% | 42.1% | 42.1% |
| — | -24.1% | -322.4% | +2.5% | +30.9% | +42.4% | -9.8% | +98.7% | +120.7% | -32.3% | -9.9% | -61.0% | -67.6% | -8.4% | -20.4% | -13.9% | -5.0% | -10.5% | -38.4% | -16.4% | -5.2% | |
| Net Margin | 27.4% | 21.6% | 44.6% | 24.3% | 33.5% | 29.2% | 21.6% | 24.2% | 20.9% | 20.8% | 25.1% | 11.8% | 12.3% | 29.4% | 26.7% | 30.0% | 32.3% | 31.5% | 32.6% | 35.6% | 33.6% |
| — | -25.8% | +106.2% | +0.7% | +60.3% | +40.0% | -13.9% | +104.4% | +70.1% | -29.2% | -5.9% | -60.7% | -62.0% | -6.4% | -18.0% | -15.6% | -3.7% | -9.0% | -37.7% | -15.0% | -10.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.6% | 1.7% | 1.6% | 1.9% | 2.4% | 2.1% | 1.4% | 1.6% | 1.4% | 1.3% | 1.7% | 0.7% | 0.7% | 2.2% | 2.0% | 2.5% | 2.9% | 2.7% | 2.3% | 2.4% | 2.3% |
| — | -20.2% | +14.2% | +16.7% | +77.5% | +61.5% | -17.2% | +135.9% | +83.5% | -40.6% | -18.5% | -73.2% | -73.9% | -15.9% | -10.4% | +6.9% | +25.7% | +9.8% | -41.2% | -23.4% | -22.6% | |
| ROA | 1.0% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| — | -18.8% | +20.5% | +25.4% | +90.1% | +69.4% | -14.0% | +142.4% | +92.3% | -37.1% | -14.8% | -72.0% | -72.6% | -11.7% | -6.5% | +8.6% | +20.4% | +0.9% | -45.7% | -28.7% | -26.5% | |
| ROIC | 5.2% | 1.3% | -1.4% | 1.6% | 1.8% | 1.5% | 0.9% | 1.0% | 1.0% | 0.7% | 0.9% | 0.4% | 0.4% | 1.2% | 1.1% | 1.7% | 2.5% | 2.3% | 1.9% | 1.9% | 2.0% |
| — | -11.5% | -247.7% | +59.1% | +91.2% | +102.2% | +5.8% | +165.0% | +161.6% | -40.4% | -23.7% | -78.3% | -85.0% | -45.0% | -40.4% | -10.0% | +23.8% | +7.9% | -42.3% | -25.7% | -19.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.13 | 0.17 | 0.04 | 0.05 | 0.18 | 0.32 | 0.33 | 0.47 | 0.46 | 0.61 | 0.62 | 0.61 | 0.61 | 0.62 | 0.54 | 0.09 | 0.08 | 0.08 | 0.09 | 0.08 |
| — | -24.8% | -47.1% | -88.3% | -90.2% | -61.6% | -47.6% | -47.2% | -23.3% | -24.1% | -1.3% | +14.6% | +616.8% | +663.9% | +693.2% | +527.6% | +1.2% | +3.6% | -0.5% | +23.2% | +22.2% | |
| Debt / EBITDA | 0.53 | 3.20 | — | 1.81 | 1.67 | 7.08 | 19.09 | 16.95 | 23.57 | 29.83 | 30.84 | 66.54 | 65.47 | 21.49 | 23.80 | 17.00 | 2.31 | 2.26 | 2.72 | 3.13 | 3.32 |
| — | -54.9% | — | -89.3% | -92.9% | -76.3% | -38.1% | -74.5% | -64.0% | +38.8% | +29.6% | +291.3% | +2739.2% | +850.5% | +773.6% | +443.4% | -30.5% | -24.1% | +36.7% | +33.1% | — | |
| Current Ratio | 1.18 | 0.25 | 0.76 | 339.27 | 1.18 | 0.14 | 0.15 | 0.16 | 0.16 | 0.18 | 0.19 | 0.22 | 0.25 | 0.24 | 0.29 | 0.32 | 0.28 | 0.31 | 0.37 | 0.42 | 0.43 |
| — | +75.8% | +409.4% | +217548.8% | +645.3% | -23.2% | -23.2% | -28.5% | -35.6% | -22.3% | -33.8% | -31.8% | -13.3% | -24.8% | -21.5% | -24.8% | -33.9% | -22.5% | -7.3% | +29.0% | +41.0% | |
| Quick Ratio | 1.18 | 0.25 | 0.76 | 339.27 | 1.18 | 0.14 | 0.15 | 0.16 | 0.16 | 0.18 | 0.19 | 0.22 | 0.25 | 0.24 | 0.29 | 0.32 | 0.28 | 0.31 | 0.37 | 0.42 | 0.43 |
| — | +75.8% | +409.4% | +217548.8% | +645.3% | -23.2% | -23.2% | -28.5% | -35.6% | -22.3% | -33.8% | -31.8% | -13.3% | -24.8% | -21.5% | -24.8% | -33.9% | -22.5% | -7.3% | +29.0% | +41.0% | |
| Interest Coverage | 0.87 | 1.97 | -0.98 | 1.04 | 1.21 | 1.01 | 0.61 | 0.68 | 0.65 | 0.49 | 0.63 | 0.30 | 0.32 | 1.22 | 1.39 | 3.62 | 9.57 | 14.06 | 13.40 | 14.14 | 14.48 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HFWA stock.
Heritage Financial Corporation's current P/E is 15.1x. The average P/E over the last 4 quarters is 13.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Heritage Financial Corporation's current operating margin is 31.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Heritage Financial Corporation's business trajectory between earnings reports.