Heritage Financial Corporation (HFWA) — Cash Flow Quality Index
Heritage Financial Corporation (HFWA) has a Cash Flow Quality Index of 0.74x as of March 2026. Operating cash flow of $13.97 Million is below net income of $18.95 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HFWA cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Heritage Financial Corporation Cash Flow Quality Index (1997–2025)
Historical Cash Flow Quality Index for Heritage Financial Corporation across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check HFWA capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Heritage Financial Corporation (1997–2025)
Year-by-year earnings quality comparison for Heritage Financial Corporation. For live market cap and the full company financial profile, see HFWA stock market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.40x | $94.82 Million | $67.53 Million | ▼ -5.8% |
| 2024 | 1.49x | $64.48 Million | $43.26 Million | ▼ -15.9% |
| 2023 | 1.77x | $109.52 Million | $61.76 Million | ▲ +53.7% |
| 2022 | 1.15x | $94.46 Million | $81.88 Million | ▲ +62.7% |
| 2021 | 0.71x | $69.53 Million | $98.03 Million | ▼ -53.0% |
| 2020 | 1.51x | $70.33 Million | $46.57 Million | ▲ +16.4% |
| 2019 | 1.30x | $87.61 Million | $67.56 Million | ▼ -23.9% |
| 2018 | 1.70x | $90.41 Million | $53.06 Million | ▼ -3.1% |
| 2017 | 1.76x | $73.51 Million | $41.79 Million | ▲ +26.8% |
| 2016 | 1.39x | $53.98 Million | $38.92 Million | ▲ +1.2% |
| 2015 | 1.37x | $51.40 Million | $37.49 Million | ▼ -43.9% |
| 2014 | 2.44x | $51.34 Million | $21.01 Million | ▼ -24.3% |
| 2013 | 3.23x | $30.90 Million | $9.57 Million | ▲ +53.5% |
| 2012 | 2.10x | $27.88 Million | $13.26 Million | ▼ -34.3% |
| 2011 | 3.20x | $20.87 Million | $6.52 Million | ▲ +58.0% |
| 2010 | 2.03x | $27.07 Million | $13.35 Million | ▼ -88.1% |
| 2009 | 16.98x | $9.87 Million | $581.00K | ▲ +596.5% |
| 2008 | 2.44x | $15.48 Million | $6.35 Million | ▲ +97.5% |
| 2007 | 1.23x | $13.22 Million | $10.71 Million | ▲ +23.6% |
| 2006 | 1.00x | $10.53 Million | $10.55 Million | ▼ -20.8% |
| 2005 | 1.26x | $13.20 Million | $10.48 Million | ▼ -21.4% |
| 2004 | 1.60x | $15.38 Million | $9.59 Million | ▼ -25.4% |
| 2003 | 2.15x | $19.15 Million | $8.90 Million | ▲ +149.2% |
| 2002 | 0.86x | $8.13 Million | $9.42 Million | ▼ -29.8% |
| 2001 | 1.23x | $8.56 Million | $6.96 Million | ▲ +60.2% |
| 2000 | 0.77x | $4.58 Million | $5.97 Million | ▼ -72.7% |
| 1999 | 2.81x | $15.20 Million | $5.40 Million | ▲ +55.2% |
| 1998 | 1.81x | $7.80 Million | $4.30 Million | ▲ +63.3% |
| 1997 | 1.11x | $4.00 Million | $3.60 Million | — |