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Side-by-side financial comparison of California Resources Corp (CRC) and HERITAGE FINANCIAL CORP (HFWA). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($119.0M vs $66.3M, roughly 1.8× HERITAGE FINANCIAL CORP). HERITAGE FINANCIAL CORP produced more free cash flow last quarter ($85.7M vs $-32.0M). Over the past eight quarters, HERITAGE FINANCIAL CORP's revenue compounded faster (16.8% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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.

CRC vs HFWA — Head-to-Head

Bigger by revenue
CRC
CRC
1.8× larger
CRC
$119.0M
$66.3M
HFWA
More free cash flow
HFWA
HFWA
$117.7M more FCF
HFWA
$85.7M
$-32.0M
CRC
Faster 2-yr revenue CAGR
HFWA
HFWA
Annualised
HFWA
16.8%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CRC
CRC
HFWA
HFWA
Revenue
$119.0M
$66.3M
Net Profit
$22.2M
Gross Margin
Operating Margin
-597.5%
38.7%
Net Margin
33.5%
Revenue YoY
16.3%
Net Profit YoY
86.4%
EPS (diluted)
$-8.02
$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
CRC
CRC
HFWA
HFWA
Q1 26
$119.0M
Q4 25
$679.0M
$66.3M
Q3 25
$715.0M
$65.7M
Q2 25
$702.0M
$56.5M
Q1 25
$814.0M
$57.6M
Q4 24
$826.0M
$57.1M
Q3 24
$870.0M
$54.8M
Q2 24
$412.0M
$56.4M
Net Profit
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
$12.0M
$22.2M
Q3 25
$64.0M
$19.2M
Q2 25
$172.0M
$12.2M
Q1 25
$115.0M
$13.9M
Q4 24
$33.0M
$11.9M
Q3 24
$345.0M
$11.4M
Q2 24
$8.0M
$14.2M
Operating Margin
CRC
CRC
HFWA
HFWA
Q1 26
-597.5%
Q4 25
6.9%
38.7%
Q3 25
13.7%
34.0%
Q2 25
38.0%
25.6%
Q1 25
22.9%
28.1%
Q4 24
8.2%
28.6%
Q3 24
59.5%
23.8%
Q2 24
9.2%
28.4%
Net Margin
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
1.8%
33.5%
Q3 25
9.0%
29.2%
Q2 25
24.5%
21.6%
Q1 25
14.1%
24.2%
Q4 24
4.0%
20.9%
Q3 24
39.7%
20.8%
Q2 24
1.9%
25.1%
EPS (diluted)
CRC
CRC
HFWA
HFWA
Q1 26
$-8.02
Q4 25
$0.21
$0.65
Q3 25
$0.76
$0.55
Q2 25
$1.92
$0.36
Q1 25
$1.26
$0.40
Q4 24
$0.87
$0.34
Q3 24
$3.78
$0.33
Q2 24
$0.11
$0.41

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
HFWA
HFWA
Cash + ST InvestmentsLiquidity on hand
$233.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$921.5M
Total Assets
$7.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
$132.0M
$233.1M
Q3 25
$196.0M
$245.5M
Q2 25
$72.0M
$254.1M
Q1 25
$214.0M
$248.7M
Q4 24
$372.0M
$117.1M
Q3 24
$241.0M
$175.6M
Q2 24
$1.0B
$113.8M
Total Debt
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
CRC
CRC
HFWA
HFWA
Q1 26
$2.9B
Q4 25
$3.7B
$921.5M
Q3 25
$3.4B
$904.1M
Q2 25
$3.4B
$888.2M
Q1 25
$3.5B
$881.5M
Q4 24
$3.5B
$863.5M
Q3 24
$3.5B
$874.5M
Q2 24
$2.1B
$850.5M
Total Assets
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
$7.4B
$7.0B
Q3 25
$6.8B
$7.0B
Q2 25
$6.7B
$7.1B
Q1 25
$6.8B
$7.1B
Q4 24
$7.1B
$7.1B
Q3 24
$7.1B
$7.2B
Q2 24
$4.5B
$7.1B
Debt / Equity
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
HFWA
HFWA
Operating Cash FlowLast quarter
$99.0M
$94.8M
Free Cash FlowOCF − Capex
$-32.0M
$85.7M
FCF MarginFCF / Revenue
-26.9%
129.1%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
4.26×
TTM Free Cash FlowTrailing 4 quarters
$380.0M
$149.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
HFWA
HFWA
Q1 26
$99.0M
Q4 25
$235.0M
$94.8M
Q3 25
$279.0M
$25.1M
Q2 25
$165.0M
$22.5M
Q1 25
$186.0M
$19.3M
Q4 24
$206.0M
$64.5M
Q3 24
$220.0M
$24.2M
Q2 24
$97.0M
$6.8M
Free Cash Flow
CRC
CRC
HFWA
HFWA
Q1 26
$-32.0M
Q4 25
$115.0M
$85.7M
Q3 25
$188.0M
$24.4M
Q2 25
$109.0M
$20.9M
Q1 25
$131.0M
$18.1M
Q4 24
$118.0M
$61.0M
Q3 24
$141.0M
$23.2M
Q2 24
$63.0M
$6.0M
FCF Margin
CRC
CRC
HFWA
HFWA
Q1 26
-26.9%
Q4 25
16.9%
129.1%
Q3 25
26.3%
37.1%
Q2 25
15.5%
37.0%
Q1 25
16.1%
31.4%
Q4 24
14.3%
107.0%
Q3 24
16.2%
42.4%
Q2 24
15.3%
10.6%
Capex Intensity
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
17.7%
13.8%
Q3 25
12.7%
1.0%
Q2 25
8.0%
2.8%
Q1 25
6.8%
2.0%
Q4 24
10.7%
6.1%
Q3 24
9.1%
1.7%
Q2 24
8.3%
1.5%
Cash Conversion
CRC
CRC
HFWA
HFWA
Q1 26
Q4 25
19.58×
4.26×
Q3 25
4.36×
1.31×
Q2 25
0.96×
1.84×
Q1 25
1.62×
1.38×
Q4 24
6.24×
5.41×
Q3 24
0.64×
2.12×
Q2 24
12.13×
0.48×

Financial Flow Comparison

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

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