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Heritage Financial Valuation Multiples

Discover revenue and EBITDA valuation multiples for Heritage Financial and similar public comparables like Abu Dhabi Commercial Bank, First Abu Dhabi Bank, and National Bank of Fujairah.

Heritage Financial Overview

About Heritage Financial

Heritage Financial Corp is a bank holding company. The company through its subsidiary provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as noninterest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.


Founded

1997

HQ

United States of America
Employees

761

Website

hf-wa.com

Financials

LTM Revenue $239M

Last FY EBITDA n/a

EV

$1.1B

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Heritage Financial Financials

Heritage Financial has a last 12-month revenue (LTM) of $239M and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Heritage Financial achieved revenue of $217M and an EBITDA of n/a.

Heritage Financial expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Heritage Financial P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $239M XXX $217M XXX XXX XXX
Gross Profit n/a XXX n/a XXX XXX XXX
Gross Margin n/a XXX n/a XXX XXX XXX
EBITDA n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBIT $82.4M XXX n/a XXX XXX XXX
EBIT Margin 34% XXX n/a XXX XXX XXX
Net Profit $56.0M XXX $43.3M XXX XXX XXX
Net Margin 23% XXX 20% XXX XXX XXX
Net Debt XXX XXX $288M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Heritage Financial Stock Performance

As of August 15, 2025, Heritage Financial's stock price is $23.

Heritage Financial has current market cap of $787M, and EV of $1.1B.

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Heritage Financial Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.1B $787M XXX XXX XXX XXX $1.62

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Heritage Financial Valuation Multiples

As of August 15, 2025, Heritage Financial has market cap of $787M and EV of $1.1B.

Heritage Financial's trades at 4.9x EV/Revenue multiple, and n/a EV/EBITDA.

Equity research analysts estimate Heritage Financial's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Heritage Financial has a P/E ratio of 14.1x.

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Heritage Financial Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $787M XXX $787M XXX XXX XXX
EV (current) $1.1B XXX $1.1B XXX XXX XXX
EV/Revenue 4.5x XXX 4.9x XXX XXX XXX
EV/EBITDA n/a XXX n/a XXX XXX XXX
EV/EBIT 13.0x XXX n/a XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E 14.1x XXX 18.2x XXX XXX XXX
EV/FCF n/a XXX 17.6x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Heritage Financial Margins & Growth Rates

Heritage Financial's last 12 month revenue growth is 12%

Heritage Financial's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged n/a for the same period.

Heritage Financial's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Heritage Financial's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Heritage Financial Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 12% XXX 13% XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX n/a XXX XXX XXX
S&M Expenses to Revenue XXX XXX 0% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX n/a XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Heritage Financial Public Comps

See public comps and valuation multiples for Commercial Banking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Commercial Bank XXX XXX XXX XXX XXX XXX
Abu Dhabi Islamic Bank XXX XXX XXX XXX XXX XXX
First Abu Dhabi Bank XXX XXX XXX XXX XXX XXX
Invest Bank XXX XXX XXX XXX XXX XXX
National Bank of Fujairah XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Heritage Financial M&A and Investment Activity

Heritage Financial acquired  XXX companies to date.

Last acquisition by Heritage Financial was  XXXXXXXX, XXXXX XXXXX XXXXXX . Heritage Financial acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Heritage Financial

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Heritage Financial

When was Heritage Financial founded? Heritage Financial was founded in 1997.
Where is Heritage Financial headquartered? Heritage Financial is headquartered in United States of America.
How many employees does Heritage Financial have? As of today, Heritage Financial has 761 employees.
Who is the CEO of Heritage Financial? Heritage Financial's CEO is Mr. Bryan D. McDonald.
Is Heritage Financial publicy listed? Yes, Heritage Financial is a public company listed on NAS.
What is the stock symbol of Heritage Financial? Heritage Financial trades under HFWA ticker.
When did Heritage Financial go public? Heritage Financial went public in 1998.
Who are competitors of Heritage Financial? Similar companies to Heritage Financial include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Invest Bank.
What is the current market cap of Heritage Financial? Heritage Financial's current market cap is $787M
What is the current revenue of Heritage Financial? Heritage Financial's last 12 months revenue is $239M.
What is the current revenue growth of Heritage Financial? Heritage Financial revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Heritage Financial? Current revenue multiple of Heritage Financial is 4.5x.
Is Heritage Financial profitable? Yes, Heritage Financial is EBITDA-positive (as of the last 12 months).

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