Heritage Commerce Corp

HTBKNASDAQFinancial Services

$13.45

+$13.45(+3.07%)

Market Cap$828429670

P/E Ratio—

52W High$13.83

52W Low$8.56

Avg Volume747K

Open$13.22

Beta0.68

Free Cash Flow Financials Revenue

Heritage Commerce Corp (HTBK) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HTBK · free cash flow · updated Jun 9, 2026

Core FCF metrics

HTBK · FCF · TTM · margin & CAGR

Free cash flow was $60.8M for FY2025 (fiscal year ending 2025-12-31), up 62.7% year-over-year The FCF margin was 22.8%. Five-year CAGR stands at +2.3%.

FY2025 Free Cash Flow$60.8M▲ +62.7% YoY

Trailing 12M (TTM)$61.1Mtrailing 4 quarters sum

FCF Margin22.8%$60.8M ÷ revenue

3-Year CAGR-4.2%FY2022 → FY2025

5-Year CAGR+2.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HTBK · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$61.7M(0M)$60.8M▲ +62.7%22.8%

FY2024$39.0M(2M)$37.3M▼ 47.6%14.8%

FY2023$73.0M(2M)$71.3M▲ +3.3%29.3%

FY2022$69.9M(1M)$69.1M▲ +22.0%34.7%

FY2021$56.8M(0M)$56.6M▲ +4.5%34.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HTBK · P/FCF · FCF yield · FCF per share

Heritage Commerce Corp (HTBK) trades at a FCF yield of 7.38% and a price-to-free-cash-flow ratio of 13.4x. FCF per share stands at $1.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HTBK · cash flow statement · operating / investing / financing

For FY2025, Heritage Commerce Corp generated $61.7M in operating cash flow and spent 0M in capital expenditures, yielding $60.8M in free cash flow.

Operating Activities

+$61.7M

Cash from core business operations

2025-12-31

Investing Activities

−$431.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$48.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($61.7M) − |CapEx| (0M) = FCF ($60.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HTBK vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Heritage Commerce CorpYOU

HTBK

$60.8M+62.7%22.8%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Heritage Commerce Corp (HTBK) reported free cash flow of $60.8M for FY2025 (fiscal year ending 2025-12-31), up 62.7% year-over-year. The FCF margin was 22.8%.

Based on available data, Heritage Commerce Corp has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $71.3M in FY2023. The 5-year CAGR stands at +2.3%.

Heritage Commerce Corp's FCF yield is 7.38% and price-to-FCF ratio is 13.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HTBK free cash flow · 8 questions

Heritage Commerce Corp free cash flow was $60.8M for FY2025, up 62.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $61.1M.

HTBK free cash flowHTBK FCFHTBK FCF 2025HTBK free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Heritage Commerce Corp · Heritage Commerce Corp SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026