Heritage Financial Corporation — Earnings Quality Grade A
HFWA · Financial Services
Strong financial health
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 29 days, change -4 days YoY
AR growth -1.0% vs revenue growth 13.5%
Revenue 13.5%, CFFO 47.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 164.7% is >2x revenue growth 13.5%
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 1.40. Profits backed by cash
FCF $0.1B, FCF/NI = 1.27
Accruals ratio = -0.4%. Low accruals
Cash $0.2B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 26% of equity. Manageable
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
Heritage Financial Corporation is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25