Heritage Financial Corporation (HFWA) — Capital Reinvestment Ratio
Heritage Financial Corporation (HFWA) has a Capital Reinvestment Ratio of 0.09x as of March 2026, meaning it reinvests 0% of its operating cash flow ($13.97 Million) in capital expenditures ($1.30 Million). See Heritage Financial Corporation (HFWA) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Heritage Financial Corporation Capital Reinvestment Ratio (1997–2025)
This chart tracks Heritage Financial Corporation's Capital Reinvestment Ratio across 29 annual periods.
Annual Capital Reinvestment Ratio for Heritage Financial Corporation (1997–2025)
Year-by-year Capital Reinvestment Ratio for Heritage Financial Corporation from 1997 to 2025. For live market cap and broader valuation context, see Heritage Financial Corporation stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.10x | $94.82 Million | $9.16 Million | ▲ +80.0% |
| 2024 | 0.05x | $64.48 Million | $3.46 Million | ▼ -43.4% |
| 2023 | 0.09x | $109.52 Million | $10.38 Million | ▲ +122.8% |
| 2022 | 0.04x | $94.46 Million | $4.02 Million | ▼ -2.0% |
| 2021 | 0.04x | $69.53 Million | $3.02 Million | ▼ -56.4% |
| 2020 | 0.10x | $70.33 Million | $7.00 Million | ▼ -33.2% |
| 2019 | 0.15x | $87.61 Million | $13.04 Million | ▼ -42.2% |
| 2018 | 0.26x | $90.41 Million | $23.27 Million | ▲ +517.6% |
| 2017 | 0.04x | $73.51 Million | $3.06 Million | ▼ -66.5% |
| 2016 | 0.12x | $53.98 Million | $6.72 Million | ▲ +251.5% |
| 2015 | 0.04x | $51.40 Million | $1.82 Million | ▼ -53.8% |
| 2014 | 0.08x | $51.34 Million | $3.94 Million | ▼ -54.4% |
| 2013 | 0.17x | $30.90 Million | $5.21 Million | ▲ +21.7% |
| 2012 | 0.14x | $27.88 Million | $3.86 Million | ▼ -7.6% |
| 2011 | 0.15x | $20.87 Million | $3.13 Million | ▼ -41.3% |
| 2010 | 0.26x | $27.07 Million | $6.91 Million | ▲ +27.5% |
| 2009 | 0.20x | $9.87 Million | $1.98 Million | ▲ +43.6% |
| 2008 | 0.14x | $15.48 Million | $2.16 Million | ▲ +153.4% |
| 2007 | 0.06x | $13.22 Million | $728.00K | ▼ -57.7% |
| 2006 | 0.13x | $10.53 Million | $1.37 Million | ▲ +132.7% |
| 2005 | 0.06x | $13.20 Million | $738.00K | ▼ -25.8% |
| 2004 | 0.08x | $15.38 Million | $1.16 Million | ▲ +10.5% |
| 2003 | 0.07x | $19.15 Million | $1.30 Million | ▼ -33.4% |
| 2002 | 0.10x | $8.13 Million | $833.00K | ▼ -25.8% |
| 2001 | 0.14x | $8.56 Million | $1.18 Million | ▼ -72.7% |
| 2000 | 0.51x | $4.58 Million | $2.32 Million | ▲ +220.3% |
| 1999 | 0.16x | $15.20 Million | $2.40 Million | ▲ +75.9% |
| 1998 | 0.09x | $7.80 Million | $700.00K | ▼ -10.3% |
| 1997 | 0.10x | $4.00 Million | $400.00K | — |