HFWA
Heritage Financial Corporation
HFWA has the edge over JPM overall, supported by stronger valuation and stronger modeled upside.
JPM
JPMorgan Chase & Co.
JPM has slightly lower modeled downside risk, despite its lower overall score.
HFWA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
HFWA's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like HFWA.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
HFWA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $18.36 | -35% |
| Forward | 11x | $28.21 | — |
| Fair | 14x | $27.25 | -3.4% |
| Current | 14x | $28.21 | — |
| Expensive | 18x | $35.45 | +26% |
Historical ranges are pointers, not guarantees.
HFWA's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM has the edge over HFWA in the historical PE scenario, which offers more potential upside but is not a forecast.
HFWA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
HFWA has the edge over JPM on the outlook, with more favorable valuation expectations.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
HFWA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.50 | +24% |
| Q3 2026 | $2.01 | +22% |
| Q2 2026 | $2.10 | +47% |
| Q1 2026 | $2.04 | +38% |
| Q4 2025 | $1.96 | +58% |
| Q3 2025 | $1.65 | +53% |
| Q2 2025 | $1.43 | +13% |
| Q1 2025 | $1.48 | +11% |
| Q4 2024 | $1.24 | -29% |
HFWA's earnings per share have fallen from their peak: $2.01 over the past year, against $2.84 in late 2021.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM's earnings per share have climbed steadily: $23.85 over the past year, up 18% from the year before, and higher year over year for 15 quarters in a row.
HFWA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $86.5M | +32% |
| Q2 2026 | $84.1M | +49% |
| Q1 2026 | $77.9M | +35% |
| Q4 2025 | $66.3M | +16% |
| Q3 2025 | $65.7M | +20% |
| Q2 2025 | $56.5M | +0.3% |
| Q1 2025 | $57.6M | +18% |
| Q4 2024 | $57.1M | +12% |
HFWA has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | -8.2 points |
| Q2 2026 | 25% | -1 points |
| Q1 2026 | 29% | +0.7 points |
| Q4 2025 | 39% | +10 points |
| Q3 2025 | 34% | +10 points |
| Q2 2025 | 26% | -2.8 points |
| Q1 2025 | 28% | +14 points |
| Q4 2024 | 29% | +16 points |
HFWA's operating margin was 26% last quarter, down 8.2 points from the same quarter a year ago.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM's revenue has grown year over year for five quarters in a row: $50.2B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM has the edge over HFWA on profitability, with a higher operating margin.
HFWA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.4M | +16% |
| Q2 2026 | $21.1M | +0.9% |
| Q1 2026 | $12.7M | -30% |
| Q4 2025 | $22.3M | +12% |
| Q3 2025 | $24.4M | +5% |
| Q2 2025 | $20.9M | +250% |
| Q1 2025 | $18.1M | +51% |
| Q4 2024 | $19.8M | -34% |
HFWA has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
HFWA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -329K shares |
| 1 year | +20% | +6.8M shares |
| 3 years | +17% | +6.1M shares |
| 5 years | +15% | +5.3M shares |
| Available history | +11% | +4.2M shares |
HFWA has 41M diluted shares, up 20% from a year ago, despite $21M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.3M |
| Q2 2026 | $10.1M |
| Q1 2026 | $960,000 |
| Q4 2025 | $44,000 |
| Q3 2025 | $24,000 |
| Q2 2025 | $4.6M |
| Q1 2025 | $838,000 |
| Q4 2024 | $4.4M |
HFWA spent $21M buying back its own shares over the past year, up 118% from the year before.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has the edge over HFWA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
HFWA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -2.7x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 4.9x | High |
HFWA has the edge over JPM on leverage, with a lower net debt burden relative to earnings.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
HFWA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.1 | Neutral |
| Stochastic | 45.1 | Neutral |
HFWA's weekly RSI is 50 (neutral) and its Stochastic is 45 (neutral).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
HFWA PE vs Financial Services Sector
| Metric | HFWA | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 7.8% above |
| PE % | 55 | 63 | 8 pts below |
HFWA has the edge over JPM on valuation relative to its sector.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
HFWA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.2 | 0% above |
| 20 week MA | $28.9 | 2.4% below |
| 50 week MA | $27.4 | 2.9% above |
| 100 week MA | $25.5 | 10% above |
| 200 week MA | $22.8 | 24% above |
HFWA's trend is mixed: it's above four of its five weekly moving averages, and 24% above its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
HFWA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.2 | $23.0 | -18% |
| 2021 | $23.0 | $24.0 | +4.4% |
| 2022 | $24.0 | $30.8 | +28% |
| 2023 | $30.8 | $21.4 | -31% |
| 2024 | $21.4 | $24.3 | +14% |
| 2025 | $24.3 | $24.5 | +0.6% |
| 2026 YTD | $24.5 | $28.2 | +15% |
HFWA has the edge over JPM on returns for 2026, with the stronger performance.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has finished higher in four of the last six years. It's up 4.5% so far in 2026.