🚀 VC round data is live in beta, check it out!
Heritage Financial Valuation Multiples
Discover revenue and EBITDA valuation multiples for Heritage Financial and similar public comparables like Mercantile Bank, Nabil Invest, Crédit Agricole Touraine Poitou, Amerant Bancorp and more.
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
Employees
761
Website
Sectors
Financials (LTM)
EV
$940M
Heritage Financial Financials
Heritage Financial reported last 12-month revenue of $272M.
In the same LTM period, Heritage Financial generated $72M in net income.
Revenue (LTM)
Heritage Financial P&L
In the most recent fiscal year, Heritage Financial reported revenue of $246M and net income of $68M.
Heritage Financial expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $272M | XXX | $246M | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $72M | XXX | $68M | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 27% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Heritage Financial Stock Performance
Heritage Financial has current market cap of $898M, and enterprise value of $940M.
Market Cap Evolution
Heritage Financial's stock price is $26.43.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $940M | $898M | 0.0% | XXX | XXX | XXX | $1.99 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialHeritage Financial Valuation Multiples
Heritage Financial trades at 3.5x EV/Revenue multiple.
EV / Revenue (LTM)
Heritage Financial Financial Valuation Multiples
As of March 31, 2026, Heritage Financial has market cap of $898M and EV of $940M.
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 12.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $898M | XXX | $898M | XXX | XXX | XXX |
| EV (current) | $940M | XXX | $940M | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBIT | 9.5x | XXX | 10.6x | XXX | XXX | XXX |
| P/E | 12.4x | XXX | 13.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 11.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Heritage Financial Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Heritage Financial Margins & Growth Rates
Heritage Financial's revenue in the last 12 month grew by 31%.
Heritage Financial's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Heritage Financial Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 44% | XXX | XXX | XXX |
| Opex to Revenue | 66% | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Heritage Financial Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mercantile Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Nabil Invest | XXX | XXX | XXX | XXX | XXX | XXX |
| Crédit Agricole Touraine Poitou | XXX | XXX | XXX | XXX | XXX | XXX |
| Amerant Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Business First Bancshares | 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 Activity
Heritage Financial acquired XXX companies to date.
Last acquisition by Heritage Financial was on XXXXXXXX, XXXXX. Heritage Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Heritage Financial
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialHeritage Financial Investment Activity
Heritage Financial invested in XXX companies to date.
Heritage Financial made its latest investment on XXXXXXXX, XXXXX. Heritage Financial invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Heritage Financial
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout 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. |
| How many employees does Heritage Financial have? | As of today, Heritage Financial has over 761 employees. |
| Who is the CEO of Heritage Financial? | Heritage Financial's CEO is Bryan D. McDonald. |
| Is Heritage Financial publicly listed? | Yes, Heritage Financial is a public company listed on Nasdaq. |
| 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? | Heritage Financial main competitors are Mercantile Bank, Nabil Invest, Crédit Agricole Touraine Poitou, Amerant Bancorp. |
| What is the current market cap of Heritage Financial? | Heritage Financial's current market cap is $898M. |
| What is the current revenue of Heritage Financial? | Heritage Financial's last 12 months revenue is $272M. |
| What is the current revenue growth of Heritage Financial? | Heritage Financial revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of Heritage Financial? | Current revenue multiple of Heritage Financial is 3.5x. |
| Is Heritage Financial profitable? | Yes, Heritage Financial is net-income-positive (as of the last 12 months). |
| What is the current net income of Heritage Financial? | Heritage Financial's last 12 months net income is $72M. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.