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HERITAGE FINANCIAL CORP（HFWA）与美国合众银行（SMBC）财务数据对比。点击上方公司名可切换其他公司
HERITAGE FINANCIAL CORP的季度营收约是美国合众银行的1.4倍（$58.4M vs $42.9M）。美国合众银行净利率更高（42.3% vs 38.1%，领先4.2%）。美国合众银行同比增速更快（12.4% vs 8.6%）。HERITAGE FINANCIAL CORP自由现金流更多（$22.3M vs $20.2M）。过去两年美国合众银行的营收复合增速更高（11.5% vs 6.4%）
总部位于美国华盛顿州的区域性金融控股公司，面向太平洋西北地区的当地社群提供服务，核心业务涵盖商业与零售银行服务，包含存款产品、中小企业贷款、住房抵押贷款、个人信贷及财富管理解决方案，核心客群为中小微企业及个人客户。
美国合众银行是一家总部位于明尼苏达州明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行，旗下核心经营实体美国银行全国协会以U.S. Bank名义开展业务，提供银行、投资、抵押等相关金融服务。
HFWA vs SMBC — 直观对比
营收规模更大
HFWA
是对方的1.4倍
$42.9M
营收增速更快
SMBC
高出3.8%
8.6%
净利率更高
SMBC
高出4.2%
38.1%
自由现金流更多
HFWA
多$2.1M
$20.2M
两年增速更快
SMBC
近两年复合增速
6.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $58.4M | $42.9M |
| 净利润 | $22.2M | $18.1M |
| 毛利率 | — | — |
| 营业利润率 | 44.0% | 52.9% |
| 净利率 | 38.1% | 42.3% |
| 营收同比 | 8.6% | 12.4% |
| 净利润同比 | 86.4% | 23.9% |
| 每股收益（稀释后） | $0.65 | $1.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HFWASMBC
| Q4 25 | $58.4M | $42.9M | ||
| Q3 25 | $57.4M | $42.4M | ||
| Q2 25 | $55.0M | $40.3M | ||
| Q1 25 | $53.7M | $39.5M | ||
| Q4 24 | $53.8M | $38.1M | ||
| Q3 24 | $53.0M | $36.7M | ||
| Q2 24 | $51.1M | $35.1M | ||
| Q1 24 | $51.5M | $34.5M |
净利润HFWASMBC
| Q4 25 | $22.2M | $18.1M | ||
| Q3 25 | $19.2M | $15.7M | ||
| Q2 25 | $12.2M | $15.8M | ||
| Q1 25 | $13.9M | $15.7M | ||
| Q4 24 | $11.9M | $14.7M | ||
| Q3 24 | $11.4M | $12.5M | ||
| Q2 24 | $14.2M | $13.5M | ||
| Q1 24 | $5.7M | $11.3M |
营业利润率HFWASMBC
| Q4 25 | 44.0% | 52.9% | ||
| Q3 25 | 38.9% | 45.8% | ||
| Q2 25 | 26.3% | 47.4% | ||
| Q1 25 | 30.1% | 50.2% | ||
| Q4 24 | 30.4% | 50.3% | ||
| Q3 24 | 24.7% | 43.2% | ||
| Q2 24 | 31.3% | 48.3% | ||
| Q1 24 | 13.3% | 41.0% |
净利率HFWASMBC
| Q4 25 | 38.1% | 42.3% | ||
| Q3 25 | 33.4% | 36.9% | ||
| Q2 25 | 22.2% | 39.1% | ||
| Q1 25 | 25.9% | 39.7% | ||
| Q4 24 | 22.2% | 38.4% | ||
| Q3 24 | 21.6% | 34.0% | ||
| Q2 24 | 27.7% | 38.6% | ||
| Q1 24 | 11.2% | 32.8% |
每股收益（稀释后）HFWASMBC
| Q4 25 | $0.65 | $1.62 | ||
| Q3 25 | $0.55 | $1.38 | ||
| Q2 25 | $0.36 | $1.39 | ||
| Q1 25 | $0.40 | $1.39 | ||
| Q4 24 | $0.34 | $1.30 | ||
| Q3 24 | $0.33 | $1.10 | ||
| Q2 24 | $0.41 | $1.20 | ||
| Q1 24 | $0.16 | $0.99 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $233.1M | $134.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $921.5M | $567.4M |
| 总资产 | $7.0B | $5.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HFWASMBC
| Q4 25 | $233.1M | $134.1M | ||
| Q3 25 | $245.5M | $124.1M | ||
| Q2 25 | $254.1M | $192.9M | ||
| Q1 25 | $248.7M | $226.9M | ||
| Q4 24 | $117.1M | $145.8M | ||
| Q3 24 | $175.6M | $75.3M | ||
| Q2 24 | $113.8M | $60.9M | ||
| Q1 24 | $189.6M | $168.3M |
股东权益HFWASMBC
| Q4 25 | $921.5M | $567.4M | ||
| Q3 25 | $904.1M | $560.2M | ||
| Q2 25 | $888.2M | $544.7M | ||
| Q1 25 | $881.5M | $528.8M | ||
| Q4 24 | $863.5M | $512.4M | ||
| Q3 24 | $874.5M | $505.6M | ||
| Q2 24 | $850.5M | $488.7M | ||
| Q1 24 | $847.6M | $479.6M |
总资产HFWASMBC
| Q4 25 | $7.0B | $5.1B | ||
| Q3 25 | $7.0B | $5.0B | ||
| Q2 25 | $7.1B | $5.0B | ||
| Q1 25 | $7.1B | $5.0B | ||
| Q4 24 | $7.1B | $4.9B | ||
| Q3 24 | $7.2B | $4.7B | ||
| Q2 24 | $7.1B | $4.6B | ||
| Q1 24 | $7.1B | $4.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $28.0M | $21.3M |
| 自由现金流经营现金流 - 资本支出 | $22.3M | $20.2M |
| 自由现金流率自由现金流/营收 | 38.2% | 47.0% |
| 资本支出强度资本支出/营收 | 9.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.26× | 1.17× |
| 过去12个月自由现金流最近4个季度 | $85.7M | $84.1M |
8季度趋势，按日历期对齐
经营现金流HFWASMBC
| Q4 25 | $28.0M | $21.3M | ||
| Q3 25 | $25.1M | $16.3M | ||
| Q2 25 | $22.5M | $27.3M | ||
| Q1 25 | $19.3M | $24.1M | ||
| Q4 24 | $20.6M | $20.1M | ||
| Q3 24 | $24.2M | $10.0M | ||
| Q2 24 | $6.8M | $15.2M | ||
| Q1 24 | $12.9M | $23.9M |
自由现金流HFWASMBC
| Q4 25 | $22.3M | $20.2M | ||
| Q3 25 | $24.4M | $15.4M | ||
| Q2 25 | $20.9M | $25.8M | ||
| Q1 25 | $18.1M | $22.7M | ||
| Q4 24 | $19.8M | $18.2M | ||
| Q3 24 | $23.2M | $8.6M | ||
| Q2 24 | $6.0M | $13.3M | ||
| Q1 24 | $12.0M | $19.6M |
自由现金流率HFWASMBC
| Q4 25 | 38.2% | 47.0% | ||
| Q3 25 | 42.5% | 36.3% | ||
| Q2 25 | 38.0% | 64.1% | ||
| Q1 25 | 33.7% | 57.6% | ||
| Q4 24 | 36.9% | 47.6% | ||
| Q3 24 | 43.9% | 23.4% | ||
| Q2 24 | 11.7% | 37.9% | ||
| Q1 24 | 23.3% | 56.7% |
资本支出强度HFWASMBC
| Q4 25 | 9.8% | 2.6% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 2.9% | 3.7% | ||
| Q1 25 | 2.2% | 3.5% | ||
| Q4 24 | 1.5% | 5.2% | ||
| Q3 24 | 1.8% | 3.9% | ||
| Q2 24 | 1.6% | 5.5% | ||
| Q1 24 | 1.7% | 12.5% |
现金转化率HFWASMBC
| Q4 25 | 1.26× | 1.17× | ||
| Q3 25 | 1.31× | 1.04× | ||
| Q2 25 | 1.84× | 1.73× | ||
| Q1 25 | 1.38× | 1.54× | ||
| Q4 24 | 1.73× | 1.37× | ||
| Q3 24 | 2.12× | 0.80× | ||
| Q2 24 | 0.48× | 1.12× | ||
| Q1 24 | 2.24× | 2.11× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
