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Harmonic Inc.(HLIT)Earnings, Financials & Key Ratios
HLIT•NASDAQ
$12.18
$1.37B mkt cap·36.9× P/E·Price updated May 6, 2026
AboutHarmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telecommunications Pay-TV service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, video-on-demand, catch-up TV, start-over TV, network-DVR, and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The Cable Access segment offers CableOS software-based cable access solutions; and CableOS central cloud services primarily to cable operators. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.Show more
- Revenue$679M+11.6%
- EBITDA$75M+118.7%
- Net Income$39M-53.3%
- EPS (Diluted)0.33-54.2%
- Gross Margin53.91%+4.9%
- EBITDA Margin11.09%+95.8%
- Operating Margin9.3%+155.0%
- Net Margin5.78%-58.2%
- ROE8.69%-60.6%
- ROIC9.28%+152.3%
- Debt/Equity0.32-10.8%
- Interest Coverage8.62+4.8%
HLIT Key Insights
Harmonic Inc. (HLIT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 11.0%
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HLIT Price & Volume
Harmonic Inc. (HLIT) stock price & volume — 10-year historical chart
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HLIT Growth Metrics
Harmonic Inc. (HLIT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.58%
5 Years11%
3 Years10.2%
TTM1.93%
Profit CAGR
10 Years-
5 Years-
3 Years43.56%
TTM-41.58%
EPS CAGR
10 Years-
5 Years-
3 Years40.1%
TTM-41.95%
Return on Capital
10 Years-0.71%
5 Years5.6%
3 Years8.96%
Last Year11.23%
HLIT Recent Earnings
Harmonic Inc. (HLIT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 19, 2026EPS
$0.14
Est $0.10
+40.0%
Revenue
$98M
Est $141M
-30.6%
Q4 2025
Nov 3, 2025EPS
$0.12
Est $0.05
+165.7%
Revenue
$142M
Est $128M
+11.3%
Q3 2025
Jul 28, 2025EPS
$0.09
Est $0.03
+200.0%
Revenue
$138M
Est $128M
+7.9%
Q2 2025
Apr 28, 2025EPS
$0.11
Est $0.05
+120.0%
Revenue
$133M
Est $128M
+4.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.14vs $0.10+40.0% | $98Mvs $141M-30.6% |
| Q4 2025 | Nov 3, 2025 | $0.12vs $0.05+165.7% | $142Mvs $128M+11.3% |
| Q3 2025 | Jul 28, 2025 | $0.09vs $0.03+200.0% | $138Mvs $128M+7.9% |
| Q2 2025 | Apr 28, 2025 | $0.11vs $0.05+120.0% | $133Mvs $128M+4.4% |
Based on last 12 quarters of dataView full earnings history →
HLIT Peer Comparison
Harmonic Inc. (HLIT) competitors in Carrier Network Infrastructure Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VIAV | 12.26B | 53.00 | 353.33 | 8.39% | -4.03% | -6.92% | 0.89 | |
 ADTN | 1.27B | 15.71 | -27.56 | 17.46% | -2.64% | -5.53% | 0.47 | |
 CALX | 2.86B | 44.34 | 170.54 | 20.26% | 3.2% | 4.25% | 0.03 | |
 ATEN | 1.92B | 26.72 | 46.88 | 11.03% | 14.9% | 21.19% | 1.05 | |
 CSCO | 362.87B | 91.63 | 35.93 | 5.3% | 18.76% | 23.21% | 0.63 | |
 EXTR | 3.16B | 23.54 | -417.38 | 2.05% | 1.3% | 21.07% | 3.41 | |
 CIEN | 81.59B | 576.79 | 678.58 | 18.79% | 4.47% | 8.26% | 0.58 | |
 CMCSA | 96.34B | 26.44 | 4.91 | -0.02% | 14.85% | 19.54% | 1.13 |
Compare HLIT vs Peers
Harmonic Inc. (HLIT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HLIT Income Statement
Harmonic Inc. (HLIT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 405.91M | 358.25M | 403.56M | 402.87M | 378.83M | 507.15M | 624.96M | 607.91M | 678.72M | 635.71M |
| Revenue Growth % | 7.66% | -11.74% | 12.65% | -0.17% | -5.97% | 33.87% | 23.23% | -2.73% | 11.65% | 1.93% |
| Cost of Goods Sold | 205.16M | 188.43M | 194.35M | 179.86M | 183.83M | 247.41M | 309.07M | 295.36M | 312.8M | 281.56M |
| COGS % of Revenue | 50.54% | 52.6% | 48.16% | 44.64% | 48.53% | 48.78% | 49.46% | 48.59% | 46.09% | - |
| Gross Profit | 200.75M▲ 0% | 169.82M▼ 15.4% | 209.21M▲ 23.2% | 223.01M▲ 6.6% | 195M▼ 12.6% | 259.74M▲ 33.2% | 315.88M▲ 21.6% | 312.55M▼ 1.1% | 365.92M▲ 17.1% | 354.15M▲ 0% |
| Gross Margin % | 49.46% | 47.4% | 51.84% | 55.36% | 51.47% | 51.22% | 50.54% | 51.41% | 53.91% | 55.71% |
| Gross Profit Growth % | -0.97% | -15.41% | 23.19% | 6.6% | -12.56% | 33.2% | 21.61% | -1.06% | 17.08% | - |
| Operating Expenses | 253.18M | 235.39M | 211.3M | 209.93M | 207.45M | 240.93M | 270.37M | 290.37M | 302.79M | 277.46M |
| OpEx % of Revenue | 62.37% | 65.71% | 52.36% | 52.11% | 54.76% | 47.51% | 43.26% | 47.77% | 44.61% | - |
| Selling, General & Admin | 144.38M | 136.27M | 118.95M | 119.03M | 119.61M | 138.09M | 146.72M | 163.28M | 153.12M | 152.4M |
| SG&A % of Revenue | 35.57% | 38.04% | 29.48% | 29.55% | 31.57% | 27.23% | 23.48% | 26.86% | 22.56% | - |
| Research & Development | 98.4M | 95.98M | 89.16M | 84.61M | 82.49M | 102.23M | 120.31M | 126.28M | 120.97M | 121.9M |
| R&D % of Revenue | 24.24% | 26.79% | 22.09% | 21% | 21.78% | 20.16% | 19.25% | 20.77% | 17.82% | - |
| Other Operating Expenses | -31K | -2.22M | -536K | 6.28M | 5.34M | 617K | 3.34M | 809K | 28.69M | 1.09M |
| Operating Income | -67.04M▲ 0% | -70.88M▼ 5.7% | -5.01M▲ 92.9% | 13.08M▲ 361.1% | -12.45M▼ 195.2% | 18.81M▲ 251.1% | 45.52M▲ 142.0% | 22.17M▼ 51.3% | 63.14M▲ 184.8% | 76.68M▲ 0% |
| Operating Margin % | -16.52% | -19.78% | -1.24% | 3.25% | -3.29% | 3.71% | 7.28% | 3.65% | 9.3% | 12.06% |
| Operating Income Growth % | -417.73% | -5.73% | 92.93% | 361.09% | -195.15% | 251.09% | 142.01% | -51.29% | 184.76% | - |
| EBITDA | -33.38M | -47.96M | 16.33M | 32.69M | 3.26M | 31.86M | 57.78M | 34.43M | 75.28M | 87.87M |
| EBITDA Margin % | -8.22% | -13.39% | 4.05% | 8.11% | 0.86% | 6.28% | 9.25% | 5.66% | 11.09% | 13.82% |
| EBITDA Growth % | -591.26% | -43.66% | 134.05% | 100.21% | -90.03% | 877.96% | 81.34% | -40.42% | 118.65% | 173.31% |
| D&A (Non-Cash Add-back) | 33.66M | 22.92M | 21.34M | 19.61M | 15.71M | 13.05M | 12.26M | 12.26M | 12.14M | 11.18M |
| EBIT | -69.8M | -73.63M | -5.55M | 5.05M | -14.71M | 19.5M | 49.39M | 21.84M | 65.26M | 82.71M |
| Net Interest Income | -10.63M | -11.08M | -11.4M | -11.65M | -11.51M | -10.63M | -5.04M | -2.7M | -7.33M | -6.4M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 10.63M | 11.08M | 11.4M | 11.65M | 11.51M | 10.63M | 5.04M | 2.7M | 7.33M | 6.4M |
| Other Income/Expense | -13.39M | -13.83M | -11.94M | -19.68M | -13.77M | -9.94M | -1.03M | -3.03M | -5.2M | -379K |
| Pretax Income | -80.43M▲ 0% | -84.71M▼ 5.3% | -16.95M▲ 80.0% | -6.6M▲ 61.1% | -26.22M▼ 297.5% | 8.87M▲ 133.8% | 44.48M▲ 401.5% | 19.14M▼ 57.0% | 57.93M▲ 202.7% | 76.31M▲ 0% |
| Pretax Margin % | -19.81% | -23.64% | -4.2% | -1.64% | -6.92% | 1.75% | 7.12% | 3.15% | 8.54% | 12% |
| Income Tax | -8.12M | -1.75M | 4.09M | -672K | 3.05M | -4.38M | 16.3M | -64.85M | 18.72M | 26.68M |
| Effective Tax Rate % | 10.09% | 2.07% | -24.11% | 10.19% | -11.65% | -49.41% | 36.65% | -338.82% | 32.31% | 34.96% |
| Net Income | -72.31M▲ 0% | -82.95M▼ 14.7% | -21.04M▲ 74.6% | -5.92M▲ 71.8% | -29.27M▼ 394.1% | 13.25M▲ 145.3% | 28.18M▲ 112.6% | 83.99M▲ 198.0% | 39.22M▼ 53.3% | 49.63M▲ 0% |
| Net Margin % | -17.82% | -23.16% | -5.21% | -1.47% | -7.73% | 2.61% | 4.51% | 13.82% | 5.78% | 7.81% |
| Net Income Growth % | -361.75% | -14.71% | 74.64% | 71.84% | -394.11% | 145.28% | 112.63% | 198.04% | -53.31% | -41.58% |
| Net Income (Continuing) | -72.31M | -82.95M | -21.04M | -5.92M | -29.27M | 13.25M | 28.18M | 83.99M | 39.22M | 49.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.93▲ 0% | -1.02▼ 9.7% | -0.25▲ 75.5% | -0.07▲ 72.0% | -0.30▼ 328.6% | 0.12▲ 140.0% | 0.25▲ 108.3% | 0.72▲ 188.0% | 0.33▼ 54.2% | 0.44▲ 0% |
| EPS Growth % | -416.67% | -9.68% | 75.49% | 72% | -328.57% | 140% | 108.33% | 188% | -54.17% | -41.95% |
| EPS (Basic) | -0.93 | -1.02 | -0.25 | -0.07 | -0.30 | 0.13 | 0.27 | 0.75 | 0.34 | - |
| Diluted Shares Outstanding | 77.7M | 80.97M | 85.61M | 89.58M | 96.97M | 106.17M | 112.38M | 117.36M | 117.48M | 113.32M |
| Basic Shares Outstanding | 77.7M | 80.97M | 85.61M | 89.58M | 96.97M | 101.48M | 105.08M | 111.65M | 115.12M | 134.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
HLIT Balance Sheet
Harmonic Inc. (HLIT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 216.84M | 171.78M | 196.7M | 251.36M | 238.03M | 323.13M | 345.3M | 330.73M | 366.08M | 327.03M |
| Cash & Short-Term Investments | 62.56M | 57.02M | 65.99M | 93.06M | 98.64M | 133.43M | 89.59M | 84.27M | 101.46M | 127.38M |
| Cash Only | 55.63M | 57.02M | 65.99M | 93.06M | 98.64M | 133.43M | 89.59M | 84.27M | 101.46M | 127.38M |
| Short-Term Investments | 6.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 86.77M | 69.84M | 92.93M | 102.47M | 76.03M | 96.63M | 114.01M | 146.3M | 182.3M | 108.89M |
| Days Sales Outstanding | 78.02 | 71.16 | 84.05 | 92.84 | 73.25 | 69.55 | 66.59 | 87.84 | 98.04 | 74.7 |
| Inventory | 41.19M | 25.98M | 25.64M | 29.04M | 35.03M | 71.19M | 120.95M | 83.98M | 64M | 68.6M |
| Days Inventory Outstanding | 73.29 | 50.32 | 48.15 | 58.94 | 69.55 | 105.03 | 142.83 | 103.78 | 74.68 | 86.14 |
| Other Current Assets | 20.79M | 15.06M | 15.95M | 23.74M | 16.88M | 1.91M | 15.2M | 12.39M | 14.1M | 10.07M |
| Total Non-Current Assets | 337.23M | 336.28M | 314.13M | 335.96M | 353.49M | 370.56M | 364.72M | 437.47M | 430.43M | 431.56M |
| Property, Plant & Equipment | 32.16M | 29.27M | 22.32M | 50.42M | 70.7M | 73.69M | 65.28M | 57.5M | 39.23M | 39.92M |
| Fixed Asset Turnover | 12.62x | 12.24x | 18.08x | 7.99x | 5.36x | 6.88x | 9.57x | 10.57x | 17.30x | 16.04x |
| Goodwill | 237.28M | 242.83M | 240.62M | 239.78M | 243.67M | 240.21M | 237.74M | 239.15M | 236.88M | 241.77M |
| Intangible Assets | 29.23M | 21.28M | 12.82M | 4.46M | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5.5M | 4.8M | 3.59M | 3.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 38.56M | 42.91M | 26.09M | 37.7M | 39.12M | 56.66M | 61.7M | 36.12M | 33.29M | 618.44M |
| Total Assets | 554.07M▲ 0% | 508.06M▼ 8.3% | 510.83M▲ 0.5% | 587.33M▲ 15.0% | 591.52M▲ 0.7% | 693.69M▲ 17.3% | 710.02M▲ 2.4% | 768.21M▲ 8.2% | 796.51M▲ 3.7% | 758.6M▲ 0% |
| Asset Turnover | 0.73x | 0.71x | 0.79x | 0.69x | 0.64x | 0.73x | 0.88x | 0.79x | 0.85x | 0.82x |
| Asset Growth % | 5.55% | -8.3% | 0.55% | 14.97% | 0.71% | 17.27% | 2.35% | 8.2% | 3.68% | 17.74% |
| Total Current Liabilities | 144.9M | 142.09M | 136.41M | 191.9M | 147.29M | 224.46M | 322.07M | 272.39M | 167.57M | 157.1M |
| Accounts Payable | 28.89M | 33.11M | 33.78M | 40.93M | 23.54M | 64.43M | 67.45M | 38.56M | 35.25M | 23.27M |
| Days Payables Outstanding | 51.4 | 64.14 | 63.44 | 83.07 | 46.74 | 95.05 | 79.66 | 47.65 | 41.13 | 41 |
| Short-Term Debt | 7.28M | 7.61M | 7.17M | 50.09M | 11.77M | 41.82M | 118.74M | 119.8M | 7.13M | 8.7M |
| Deferred Revenue (Current) | 52.41M | 52.43M | 41.59M | 0 | 0 | 57.23M | 0 | 46.22M | 47.07M | 0 |
| Other Current Liabilities | 35.77M | 32.29M | 35.05M | 72.54M | 81.5M | 26.82M | 99.43M | 38.24M | 35.66M | 85.53M |
| Current Ratio | 1.50x | 1.21x | 1.44x | 1.31x | 1.62x | 1.44x | 1.07x | 1.21x | 2.18x | 2.18x |
| Quick Ratio | 1.21x | 1.03x | 1.25x | 1.16x | 1.38x | 1.12x | 0.70x | 0.91x | 1.80x | 1.80x |
| Cash Conversion Cycle | 99.9 | 57.34 | 68.77 | 68.71 | 96.06 | 79.53 | 129.76 | 143.97 | 131.59 | 119.84 |
| Total Non-Current Liabilities | 138.53M | 147.63M | 146.18M | 142.98M | 185.93M | 172.43M | 63.44M | 58.94M | 163.68M | 158.48M |
| Long-Term Debt | 117.17M | 124.08M | 127.49M | 101.48M | 139.57M | 111.93M | 11.16M | 10.49M | 120.78M | 117.93M |
| Capital Lease Obligations | 0 | 169K | 71K | 25.84M | 26.09M | 29.12M | 24.11M | 18.96M | 14.73M | 57.86M |
| Deferred Tax Liabilities | -1.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 16.7M | 23.37M | 18.62M | 15.67M | 20.26M | 31.38M | 28.17M | 29.48M | 28.17M | 109.64M |
| Total Liabilities | 283.43M | 289.72M | 282.58M | 334.88M | 333.22M | 396.89M | 385.51M | 331.33M | 331.25M | 315.58M |
| Total Debt | 124.45M | 131.69M | 134.67M | 186.28M | 184.79M | 190.21M | 160.78M | 156.05M | 148.31M | 146.56M |
| Net Debt | 68.81M | 74.67M | 68.68M | 93.23M | 86.14M | 56.78M | 71.19M | 71.78M | 46.86M | 19.19M |
| Debt / Equity | 0.46x | 0.60x | 0.59x | 0.74x | 0.72x | 0.64x | 0.50x | 0.36x | 0.32x | 0.32x |
| Debt / EBITDA | - | - | 8.25x | 5.70x | 56.72x | 5.97x | 2.78x | 4.53x | 1.97x | 1.67x |
| Net Debt / EBITDA | - | - | 4.21x | 2.85x | 26.44x | 1.78x | 1.23x | 2.09x | 0.62x | 0.62x |
| Interest Coverage | -6.31x | -6.40x | -0.44x | 1.12x | -1.08x | 1.77x | 9.03x | 8.22x | 8.62x | 12.92x |
| Total Equity | 270.64M▲ 0% | 218.34M▼ 19.3% | 228.25M▲ 4.5% | 252.45M▲ 10.6% | 258.3M▲ 2.3% | 296.8M▲ 14.9% | 324.51M▲ 9.3% | 436.87M▲ 34.6% | 465.26M▲ 6.5% | 443.01M▲ 0% |
| Equity Growth % | -17.53% | -19.32% | 4.54% | 10.6% | 2.32% | 14.9% | 9.34% | 34.63% | 6.5% | 32.46% |
| Book Value per Share | 3.48 | 2.70 | 2.67 | 2.82 | 2.66 | 2.80 | 2.89 | 3.72 | 3.96 | 3.91 |
| Total Shareholders' Equity | 270.64M | 218.34M | 228.25M | 252.45M | 258.3M | 296.8M | 324.51M | 436.87M | 465.26M | 443.01M |
| Common Stock | 78K | 83K | 87K | 92K | 98K | 103K | 110K | 112K | 117K | 112K |
| Retained Earnings | -1.98B | -2.06B | -2.07B | -2.07B | -2.1B | -2.09B | -2.05B | -1.96B | -1.95B | -2.01B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.27M | 3.38M | -1.22M | -3.06M | 5.86M | -3.27M | -9.69M | -5.71M | -14.1M | -7.17M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HLIT Cash Flow Statement
Harmonic Inc. (HLIT) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 438K | 3.06M | 12.28M | 31.3M | 39.16M | 41.02M | 5.48M | 7.06M | 61.92M | 61.92M |
| Operating CF Margin % | 0.11% | 0.86% | 3.04% | 7.77% | 10.34% | 8.09% | 0.88% | 1.16% | 9.12% | - |
| Operating CF Growth % | -93.1% | 599.54% | 300.91% | 154.76% | 25.14% | 4.73% | -86.65% | 28.91% | 777.14% | 1105.92% |
| Net Income | -72.31M | -82.95M | -21.04M | -5.92M | -29.27M | 13.25M | 28.18M | 83.99M | 39.22M | 49.63M |
| Depreciation & Amortization | 33.66M | 22.92M | 21.34M | 19.61M | 15.71M | 13.05M | 12.26M | 12.26M | 12.14M | 11.18M |
| Stock-Based Compensation | 13.06M | 16.61M | 17.29M | 12.07M | 18.04M | 24.06M | 25.21M | 27.33M | 28.07M | 31.97M |
| Deferred Taxes | -10.09M | 2.19M | 661K | -2.08M | -105K | -6.2M | 5.04M | -92.86M | -16.44M | -13.76M |
| Other Non-Cash Items | 18.35M | 21.81M | 11.4M | 30.07M | 20.48M | 10.71M | 4.3M | 13.55M | 23.89M | 54.18M |
| Working Capital Changes | 17.77M | 22.49M | -17.37M | -22.45M | 14.31M | -13.86M | -69.53M | -37.21M | -24.97M | 11.02M |
| Change in Receivables | -2.56M | 12.6M | -14.7M | -8.39M | 21.19M | -26.72M | -23.14M | -35.47M | -38.24M | 67.49M |
| Change in Inventory | -4.11M | 11.69M | -2.04M | -4.82M | -8.2M | -39.34M | -54.43M | 35.4M | 8.37M | -2.16M |
| Change in Payables | 5.79M | 3.43M | 1.02M | 5.09M | -18.17M | 42.3M | 5.84M | -29.36M | -3.11M | -18.68M |
| Cash from Investing | -70.48M | -4.21M | -6.94M | -10.33M | -32.2M | -12.97M | -1.29M | -8.47M | -9.19M | -10.75M |
| Capital Expenditures | -15.11M | -11.4M | -7.04M | -10.33M | -32.2M | -12.97M | -9.25M | -8.47M | -9.19M | -10.75M |
| CapEx % of Revenue | 3.72% | 3.18% | 1.75% | 2.56% | 8.5% | 2.56% | 1.48% | 1.39% | 1.35% | - |
| Acquisitions | -75.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 591K | 288K | 104K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -152K | 895K | 2.65M | 6.3M | -2.11M | 7.94M | -43.13M | -4.99M | -33.27M | -67.92M |
| Debt Issued (Net) | -2.37M | -1.06M | -2.07M | 3.67M | -5.92M | -2.31M | -38.79M | -1.03M | -2M | 1.37M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -3.64M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -5.13M | 0 | -30.05M | -66.39M |
| Other Financing | -2.23M | -2.76M | -230K | -5.77M | 5.47M | -2.06M | -6.3M | -10.52M | -7.85M | -8.88M |
| Net Change in Cash | -70.56M▲ 0% | 1.39M▲ 102.0% | 7.23M▲ 420.7% | 27.07M▲ 274.3% | 5.59M▼ 79.4% | 34.79M▲ 522.6% | -43.84M▼ 226.0% | -5.32M▲ 87.9% | 17.52M▲ 429.5% | 69.21M▲ 0% |
| Free Cash Flow | -14.67M▲ 0% | -8.34M▲ 43.2% | 5.24M▲ 162.9% | 20.97M▲ 300.1% | 6.96M▼ 66.8% | 28.04M▲ 303.0% | -3.77M▼ 113.5% | -1.42M▲ 62.5% | 52.73M▲ 3823.9% | 133.46M▲ 0% |
| FCF Margin % | -3.61% | -2.33% | 1.3% | 5.2% | 1.84% | 5.53% | -0.6% | -0.23% | 7.77% | 20.99% |
| FCF Growth % | -83.25% | 43.18% | 162.87% | 300.13% | -66.81% | 303.02% | -113.46% | 62.48% | 3823.94% | 1223.74% |
| FCF per Share | -0.19 | -0.10 | 0.06 | 0.23 | 0.07 | 0.26 | -0.03 | -0.01 | 0.45 | 0.45 |
| FCF Conversion (FCF/Net Income) | -0.01x | -0.04x | -0.58x | -5.28x | -1.34x | 3.09x | 0.19x | 0.08x | 1.58x | 2.69x |
| Interest Paid | 0 | 5.51M | 5.27M | 4.26M | 0 | 0 | 0 | 0 | 0 | 3.61M |
| Taxes Paid | 0 | 2.14M | 2.03M | 1.14M | 0 | 2.52M | 9.04M | 18.13M | 27.31M | 12.28M |
HLIT Key Ratios
Harmonic Inc. (HLIT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -24.15% | -33.93% | -9.42% | -2.46% | -11.46% | 4.78% | 9.07% | 22.06% | 8.69% | 11.2% |
| Return on Invested Capital (ROIC) | -15.72% | -16.81% | -1.27% | 3.05% | -2.71% | 4.04% | 9.11% | 3.68% | 9.28% | 9.28% |
| Gross Margin | 49.46% | 47.4% | 51.84% | 55.36% | 51.47% | 51.22% | 50.54% | 51.41% | 53.91% | 55.71% |
| Net Margin | -17.82% | -23.16% | -5.21% | -1.47% | -7.73% | 2.61% | 4.51% | 13.82% | 5.78% | 7.81% |
| Debt / Equity | 0.46x | 0.60x | 0.59x | 0.74x | 0.72x | 0.64x | 0.50x | 0.36x | 0.32x | 0.32x |
| Interest Coverage | -6.31x | -6.40x | -0.44x | 1.12x | -1.08x | 1.77x | 9.03x | 8.22x | 8.62x | 12.92x |
| FCF Conversion | -0.01x | -0.04x | -0.58x | -5.28x | -1.34x | 3.09x | 0.19x | 0.08x | 1.58x | 2.69x |
| Revenue Growth | 7.66% | -11.74% | 12.65% | -0.17% | -5.97% | 33.87% | 23.23% | -2.73% | 11.65% | 1.93% |
HLIT SEC Filings & Documents
Harmonic Inc. (HLIT) SEC filings — annual & quarterly reports (10-K, 10-Q)
HLIT Frequently Asked Questions
Harmonic Inc. (HLIT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Harmonic Inc. (HLIT) reported $635.7M in revenue for fiscal year 2024. This represents a 1522% increase from $39.2M in 1995.
Harmonic Inc. (HLIT) grew revenue by 11.6% over the past year. This is steady growth.
Yes, Harmonic Inc. (HLIT) is profitable, generating $49.6M in net income for fiscal year 2024 (5.8% net margin).
Dividend & Returns
Harmonic Inc. (HLIT) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
Harmonic Inc. (HLIT) generated $133.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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