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Side-by-side financial comparison of ACME UNITED CORP (ACU) and HERITAGE FINANCIAL CORP (HFWA). Click either name above to swap in a different company.

HERITAGE FINANCIAL CORP is the larger business by last-quarter revenue ($66.3M vs $52.3M, roughly 1.3× ACME UNITED CORP). HERITAGE FINANCIAL CORP runs the higher net margin — 33.5% vs 1.9%, a 31.6% gap on every dollar of revenue. On growth, HERITAGE FINANCIAL CORP posted the faster year-over-year revenue change (16.3% vs 13.8%). Over the past eight quarters, HERITAGE FINANCIAL CORP's revenue compounded faster (16.8% CAGR vs -2.9%).

Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.

Heritage Financial Corp (WA) is a U.S. regional financial holding company headquartered in Washington state. It provides comprehensive commercial and consumer banking services, including deposit products, small business loans, residential mortgages, personal lending and wealth management solutions, primarily serving local communities across the Pacific Northwest, with core customer segments covering small-to-medium enterprises and retail clients.

ACU vs HFWA — Head-to-Head

Bigger by revenue
HFWA
HFWA
1.3× larger
HFWA
$66.3M
$52.3M
ACU
Growing faster (revenue YoY)
HFWA
HFWA
+2.5% gap
HFWA
16.3%
13.8%
ACU
Higher net margin
HFWA
HFWA
31.6% more per $
HFWA
33.5%
1.9%
ACU
Faster 2-yr revenue CAGR
HFWA
HFWA
Annualised
HFWA
16.8%
-2.9%
ACU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACU
ACU
HFWA
HFWA
Revenue
$52.3M
$66.3M
Net Profit
$985.0K
$22.2M
Gross Margin
39.7%
Operating Margin
3.3%
38.7%
Net Margin
1.9%
33.5%
Revenue YoY
13.8%
16.3%
Net Profit YoY
-40.4%
86.4%
EPS (diluted)
$0.24
$0.65

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACU
ACU
HFWA
HFWA
Q1 26
$52.3M
Q4 25
$47.5M
$66.3M
Q3 25
$49.1M
$65.7M
Q2 25
$54.0M
$56.5M
Q1 25
$46.0M
$57.6M
Q4 24
$45.9M
$57.1M
Q3 24
$48.2M
$54.8M
Q2 24
$55.4M
$56.4M
Net Profit
ACU
ACU
HFWA
HFWA
Q1 26
$985.0K
Q4 25
$1.9M
$22.2M
Q3 25
$1.9M
$19.2M
Q2 25
$4.8M
$12.2M
Q1 25
$1.7M
$13.9M
Q4 24
$1.7M
$11.9M
Q3 24
$2.2M
$11.4M
Q2 24
$4.5M
$14.2M
Gross Margin
ACU
ACU
HFWA
HFWA
Q1 26
39.7%
Q4 25
38.2%
Q3 25
39.1%
Q2 25
41.0%
Q1 25
39.0%
Q4 24
38.7%
Q3 24
38.5%
Q2 24
40.8%
Operating Margin
ACU
ACU
HFWA
HFWA
Q1 26
3.3%
Q4 25
6.1%
38.7%
Q3 25
6.1%
34.0%
Q2 25
11.8%
25.6%
Q1 25
5.3%
28.1%
Q4 24
5.0%
28.6%
Q3 24
6.1%
23.8%
Q2 24
11.5%
28.4%
Net Margin
ACU
ACU
HFWA
HFWA
Q1 26
1.9%
Q4 25
3.9%
33.5%
Q3 25
3.9%
29.2%
Q2 25
8.8%
21.6%
Q1 25
3.6%
24.2%
Q4 24
3.7%
20.9%
Q3 24
4.6%
20.8%
Q2 24
8.0%
25.1%
EPS (diluted)
ACU
ACU
HFWA
HFWA
Q1 26
$0.24
Q4 25
$0.46
$0.65
Q3 25
$0.46
$0.55
Q2 25
$1.16
$0.36
Q1 25
$0.41
$0.40
Q4 24
$0.43
$0.34
Q3 24
$0.54
$0.33
Q2 24
$1.09
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACU
ACU
HFWA
HFWA
Cash + ST InvestmentsLiquidity on hand
$4.2M
$233.1M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$116.7M
$921.5M
Total Assets
$195.2M
$7.0B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACU
ACU
HFWA
HFWA
Q1 26
$4.2M
Q4 25
$3.6M
$233.1M
Q3 25
$5.1M
$245.5M
Q2 25
$3.6M
$254.1M
Q1 25
$3.4M
$248.7M
Q4 24
$6.4M
$117.1M
Q3 24
$5.7M
$175.6M
Q2 24
$3.8M
$113.8M
Total Debt
ACU
ACU
HFWA
HFWA
Q1 26
$33.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ACU
ACU
HFWA
HFWA
Q1 26
$116.7M
Q4 25
$117.6M
$921.5M
Q3 25
$115.8M
$904.1M
Q2 25
$113.7M
$888.2M
Q1 25
$108.3M
$881.5M
Q4 24
$107.0M
$863.5M
Q3 24
$106.3M
$874.5M
Q2 24
$104.0M
$850.5M
Total Assets
ACU
ACU
HFWA
HFWA
Q1 26
$195.2M
Q4 25
$171.0M
$7.0B
Q3 25
$173.0M
$7.0B
Q2 25
$170.9M
$7.1B
Q1 25
$163.0M
$7.1B
Q4 24
$162.2M
$7.1B
Q3 24
$165.5M
$7.2B
Q2 24
$173.5M
$7.1B
Debt / Equity
ACU
ACU
HFWA
HFWA
Q1 26
0.28×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACU
ACU
HFWA
HFWA
Operating Cash FlowLast quarter
$94.8M
Free Cash FlowOCF − Capex
$85.7M
FCF MarginFCF / Revenue
129.1%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
4.26×
TTM Free Cash FlowTrailing 4 quarters
$149.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACU
ACU
HFWA
HFWA
Q1 26
Q4 25
$8.2M
$94.8M
Q3 25
$7.1M
$25.1M
Q2 25
$6.3M
$22.5M
Q1 25
$-3.3M
$19.3M
Q4 24
$6.4M
$64.5M
Q3 24
$8.9M
$24.2M
Q2 24
$6.9M
$6.8M
Free Cash Flow
ACU
ACU
HFWA
HFWA
Q1 26
Q4 25
$7.3M
$85.7M
Q3 25
$301.0K
$24.4M
Q2 25
$4.7M
$20.9M
Q1 25
$-4.7M
$18.1M
Q4 24
$4.7M
$61.0M
Q3 24
$7.5M
$23.2M
Q2 24
$4.4M
$6.0M
FCF Margin
ACU
ACU
HFWA
HFWA
Q1 26
Q4 25
15.3%
129.1%
Q3 25
0.6%
37.1%
Q2 25
8.7%
37.0%
Q1 25
-10.2%
31.4%
Q4 24
10.2%
107.0%
Q3 24
15.6%
42.4%
Q2 24
8.0%
10.6%
Capex Intensity
ACU
ACU
HFWA
HFWA
Q1 26
Q4 25
1.9%
13.8%
Q3 25
13.8%
1.0%
Q2 25
3.0%
2.8%
Q1 25
2.9%
2.0%
Q4 24
3.7%
6.1%
Q3 24
2.8%
1.7%
Q2 24
4.5%
1.5%
Cash Conversion
ACU
ACU
HFWA
HFWA
Q1 26
Q4 25
4.34×
4.26×
Q3 25
3.72×
1.31×
Q2 25
1.33×
1.84×
Q1 25
-2.02×
1.38×
Q4 24
3.73×
5.41×
Q3 24
3.99×
2.12×
Q2 24
1.55×
0.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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