Heritage Financial Corporation (HFWA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HFWA Revenue Growth
Revenue Breakdown (FY 2025)
HFWA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
HFWA Revenue Analysis (2014–2025)
As of May 8, 2026, Heritage Financial Corporation (HFWA) generated trailing twelve-month (TTM) revenue of $336.0 million, reflecting solid growth of +5.6% year-over-year. The most recent quarter (Q4 2025) recorded $86.8 million in revenue, down 1.1% sequentially.
Looking at the longer-term picture, HFWA's 5-year compound annual growth rate (CAGR) stands at +6.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $336.0 million in 2025, representing a new all-time high.
Revenue diversification analysis shows HFWA's business is primarily driven by Deposit Account (61%), and Credit and Debit Card (39%). With over half of revenue concentrated in Deposit Account, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including COLB, WAFD, and HOMB. Compare HFWA vs COLB →
HFWA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HFWACurrent | $336M | +5.6% | +6.0% | 23.2% | |
 COLB | $3.2B | - | - | 23.4% | |
 WAFD | $1.4B | - | - | 20.5% | |
 HOMB | $1.5B | - | - | 36.0% | |
 NWBI | $877M | - | - | 18.8% | |
 CVBF | $643M | - | - | 43.8% |
HFWA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $336.0M | - | $243.4M | 72.4% | $77.8M | 23.2% |
| 2024 | $317.2M | - | $210.6M | 66.4% | $52.3M | 16.5% |
| 2023 | $303.1M | - | $239.5M | 79.0% | $72.9M | 24.1% |
| 2022 | $257.0M | - | $250.4M | 97.4% | $99.4M | 38.7% |
| 2021 | $247.4M | - | $269.8M | 109.0% | $120.5M | 48.7% |
| 2020 | $251.5M | - | $202.1M | 80.4% | $53.2M | 21.1% |
| 2019 | $250.3M | - | $227.8M | 91.0% | $81.0M | 32.4% |
| 2018 | $231.0M | - | $213.5M | 92.4% | $64.3M | 27.8% |
| 2017 | $183.3M | - | $170.7M | 93.1% | $60.1M | 32.8% |
| 2016 | $170.1M | - | $159.2M | 93.6% | $52.7M | 31.0% |
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Start ComparisonHFWA — Frequently Asked Questions
Quick answers to the most common questions about buying HFWA stock.
Is HFWA's revenue growth accelerating or slowing?
HFWA maintains +5.6% revenue growth, in line with its 5-year CAGR of +6.0%. TTM revenue stands at $336M. Growth rate remains consistent with historical average.
What is HFWA's long-term revenue growth rate?
Heritage Financial Corporation's 5-year revenue CAGR of +6.0% reflects the sustained expansion pattern. Current YoY growth of +5.6% is near this long-term average.
How is HFWA's revenue distributed by segment?
HFWA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.