vs

Side-by-side financial comparison of HERITAGE FINANCIAL CORP (HFWA) and RESOURCES CONNECTION, INC. (RGP). Click either name above to swap in a different company.

RESOURCES CONNECTION, INC. is the larger business by last-quarter revenue ($117.7M vs $66.3M, roughly 1.8× HERITAGE FINANCIAL CORP). HERITAGE FINANCIAL CORP runs the higher net margin — 33.5% vs -10.8%, a 44.3% gap on every dollar of revenue. On growth, HERITAGE FINANCIAL CORP posted the faster year-over-year revenue change (16.3% vs -19.2%). HERITAGE FINANCIAL CORP produced more free cash flow last quarter ($85.7M vs $15.6M). Over the past eight quarters, HERITAGE FINANCIAL CORP's revenue compounded faster (16.8% CAGR vs -11.8%).

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.

RGP, formerly known as Resources Global Professionals, is the operating arm of Resources Connection, Inc.. The company provides consulting services in the areas of finance & accounting, information management, governance, risk & compliance (GRC), human capital, legal & regulatory, corporate advisory & restructuring, strategic communications, and supply chain management. As of fiscal year ending May 28, 2016, the company employed 3,283 professionals in 68 offices in 20 countries around the wor...

HFWA vs RGP — Head-to-Head

Bigger by revenue
RGP
RGP
1.8× larger
RGP
$117.7M
$66.3M
HFWA
Growing faster (revenue YoY)
HFWA
HFWA
+35.4% gap
HFWA
16.3%
-19.2%
RGP
Higher net margin
HFWA
HFWA
44.3% more per $
HFWA
33.5%
-10.8%
RGP
More free cash flow
HFWA
HFWA
$70.1M more FCF
HFWA
$85.7M
$15.6M
RGP
Faster 2-yr revenue CAGR
HFWA
HFWA
Annualised
HFWA
16.8%
-11.8%
RGP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HFWA
HFWA
RGP
RGP
Revenue
$66.3M
$117.7M
Net Profit
$22.2M
$-12.7M
Gross Margin
37.1%
Operating Margin
38.7%
-10.3%
Net Margin
33.5%
-10.8%
Revenue YoY
16.3%
-19.2%
Net Profit YoY
86.4%
81.6%
EPS (diluted)
$0.65
$-0.38

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
HFWA
HFWA
RGP
RGP
Q4 25
$66.3M
$117.7M
Q3 25
$65.7M
$120.2M
Q2 25
$56.5M
$139.3M
Q1 25
$57.6M
$129.4M
Q4 24
$57.1M
$145.6M
Q3 24
$54.8M
$136.9M
Q2 24
$56.4M
$148.2M
Q1 24
$48.6M
$151.3M
Net Profit
HFWA
HFWA
RGP
RGP
Q4 25
$22.2M
$-12.7M
Q3 25
$19.2M
$-2.4M
Q2 25
$12.2M
$-73.3M
Q1 25
$13.9M
$-44.1M
Q4 24
$11.9M
$-68.7M
Q3 24
$11.4M
$-5.7M
Q2 24
$14.2M
$10.5M
Q1 24
$5.7M
$2.5M
Gross Margin
HFWA
HFWA
RGP
RGP
Q4 25
37.1%
Q3 25
39.5%
Q2 25
40.2%
Q1 25
35.1%
Q4 24
38.5%
Q3 24
36.5%
Q2 24
40.2%
Q1 24
37.0%
Operating Margin
HFWA
HFWA
RGP
RGP
Q4 25
38.7%
-10.3%
Q3 25
34.0%
-1.7%
Q2 25
25.6%
-47.0%
Q1 25
28.1%
-38.4%
Q4 24
28.6%
-52.7%
Q3 24
23.8%
-3.5%
Q2 24
28.4%
7.6%
Q1 24
14.1%
2.8%
Net Margin
HFWA
HFWA
RGP
RGP
Q4 25
33.5%
-10.8%
Q3 25
29.2%
-2.0%
Q2 25
21.6%
-52.6%
Q1 25
24.2%
-34.0%
Q4 24
20.9%
-47.2%
Q3 24
20.8%
-4.2%
Q2 24
25.1%
7.1%
Q1 24
11.8%
1.7%
EPS (diluted)
HFWA
HFWA
RGP
RGP
Q4 25
$0.65
$-0.38
Q3 25
$0.55
$-0.07
Q2 25
$0.36
$-2.21
Q1 25
$0.40
$-1.34
Q4 24
$0.34
$-2.08
Q3 24
$0.33
$-0.17
Q2 24
$0.41
$0.31
Q1 24
$0.16
$0.08

Balance Sheet & Financial Strength

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

Metric
HFWA
HFWA
RGP
RGP
Cash + ST InvestmentsLiquidity on hand
$233.1M
$89.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$921.5M
$194.6M
Total Assets
$7.0B
$289.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HFWA
HFWA
RGP
RGP
Q4 25
$233.1M
$89.8M
Q3 25
$245.5M
$77.5M
Q2 25
$254.1M
$86.1M
Q1 25
$248.7M
$72.5M
Q4 24
$117.1M
$78.2M
Q3 24
$175.6M
$89.6M
Q2 24
$113.8M
$108.9M
Q1 24
$189.6M
$113.8M
Stockholders' Equity
HFWA
HFWA
RGP
RGP
Q4 25
$921.5M
$194.6M
Q3 25
$904.1M
$206.4M
Q2 25
$888.2M
$207.1M
Q1 25
$881.5M
$277.8M
Q4 24
$863.5M
$325.7M
Q3 24
$874.5M
$407.2M
Q2 24
$850.5M
$418.8M
Q1 24
$847.6M
$414.9M
Total Assets
HFWA
HFWA
RGP
RGP
Q4 25
$7.0B
$289.3M
Q3 25
$7.0B
$287.2M
Q2 25
$7.1B
$304.7M
Q1 25
$7.1B
$375.6M
Q4 24
$7.1B
$424.9M
Q3 24
$7.2B
$512.9M
Q2 24
$7.1B
$510.9M
Q1 24
$7.1B
$523.2M

Cash Flow & Capital Efficiency

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

Metric
HFWA
HFWA
RGP
RGP
Operating Cash FlowLast quarter
$94.8M
$15.9M
Free Cash FlowOCF − Capex
$85.7M
$15.6M
FCF MarginFCF / Revenue
129.1%
13.2%
Capex IntensityCapex / Revenue
13.8%
0.3%
Cash ConversionOCF / Net Profit
4.26×
TTM Free Cash FlowTrailing 4 quarters
$149.0M
$24.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HFWA
HFWA
RGP
RGP
Q4 25
$94.8M
$15.9M
Q3 25
$25.1M
$-7.8M
Q2 25
$22.5M
$16.8M
Q1 25
$19.3M
$659.0K
Q4 24
$64.5M
$1.8M
Q3 24
$24.2M
$-309.0K
Q2 24
$6.8M
$3.2M
Q1 24
$12.9M
$20.5M
Free Cash Flow
HFWA
HFWA
RGP
RGP
Q4 25
$85.7M
$15.6M
Q3 25
$24.4M
$-8.0M
Q2 25
$20.9M
$16.5M
Q1 25
$18.1M
$238.0K
Q4 24
$61.0M
$61.0K
Q3 24
$23.2M
$-575.0K
Q2 24
$6.0M
$3.0M
Q1 24
$12.0M
$20.4M
FCF Margin
HFWA
HFWA
RGP
RGP
Q4 25
129.1%
13.2%
Q3 25
37.1%
-6.6%
Q2 25
37.0%
11.8%
Q1 25
31.4%
0.2%
Q4 24
107.0%
0.0%
Q3 24
42.4%
-0.4%
Q2 24
10.6%
2.1%
Q1 24
24.7%
13.5%
Capex Intensity
HFWA
HFWA
RGP
RGP
Q4 25
13.8%
0.3%
Q3 25
1.0%
0.1%
Q2 25
2.8%
0.2%
Q1 25
2.0%
0.3%
Q4 24
6.1%
1.2%
Q3 24
1.7%
0.2%
Q2 24
1.5%
0.1%
Q1 24
1.8%
0.1%
Cash Conversion
HFWA
HFWA
RGP
RGP
Q4 25
4.26×
Q3 25
1.31×
Q2 25
1.84×
Q1 25
1.38×
Q4 24
5.41×
Q3 24
2.12×
Q2 24
0.48×
0.30×
Q1 24
2.24×
8.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HFWA
HFWA

Segment breakdown not available.

RGP
RGP

US$93.7M80%
Non Us$24.0M20%

Related Comparisons