Last 48 quarters of trend data · Technology · Networking & Telecom Equipment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -29.79 | 21.48 | — | 32.86 | — | 105.78 | 79.08 | 48.55 | 10.34 | 19.07 | — | — | 4.53 | — | 404.25 | 91.19 | 65.50 | 40.84 | 15.36 | — | 16.33 |
| — | -79.7% | — | -32.3% | — | +454.8% | — | — | +128.3% | — | — | — | -93.1% | — | +2532.3% | — | +301.0% | -81.5% | — | — | +14.9% | |
| P/S Ratio | 2.05 | 2.07 | 2.89 | 2.09 | 2.84 | 2.00 | 1.95 | 2.13 | 1.75 | 2.17 | 2.44 | 3.09 | 2.26 | 2.12 | 3.09 | 2.72 | 2.34 | 2.37 | 1.49 | 1.65 | 2.08 |
| — | +3.2% | +48.2% | -2.0% | +62.3% | -7.7% | -20.0% | -31.0% | -22.4% | +2.4% | -21.1% | +13.5% | -3.4% | -10.7% | +107.7% | +65.4% | +12.1% | +28.0% | -18.8% | -7.1% | +47.9% | |
| P/B Ratio | 2.83 | 3.28 | 4.28 | 2.87 | 2.92 | 2.58 | 2.41 | 2.55 | 3.35 | 3.96 | 3.45 | 3.69 | 3.45 | 3.17 | 5.63 | 5.12 | 4.74 | 4.92 | 3.16 | 3.41 | 4.39 |
| — | +27.3% | +77.5% | +12.5% | -12.9% | -35.0% | -30.0% | -31.0% | -3.1% | +25.2% | -38.7% | -27.9% | -27.1% | -35.7% | +78.2% | +49.9% | +7.9% | +43.6% | +1.5% | +12.7% | +53.0% | |
| P/FCF | 37.21 | — | — | 8.40 | 29.07 | 13.56 | — | 3.48 | 8.43 | 74.12 | — | 15.16 | 106.51 | 29.55 | — | 109.04 | 21.96 | — | 12.49 | — | 65.54 |
| — | — | — | +141.7% | +244.8% | -81.7% | — | -77.1% | -92.1% | +150.8% | — | -86.1% | +384.9% | — | — | — | -66.5% | — | -23.6% | — | +1157.2% | |
| EV / EBITDA | 12.39 | 9.76 | 13.70 | 11.32 | 43.00 | 21.13 | 31.26 | 22.11 | 7.18 | 11.71 | — | — | 31.09 | — | 38.69 | 31.44 | 20.60 | 27.04 | 14.02 | 47.55 | 18.54 |
| — | -53.8% | -56.2% | -48.8% | +498.8% | +80.4% | — | — | -76.9% | — | — | — | +50.9% | — | +175.9% | -33.9% | +11.1% | -6.7% | -67.5% | — | +84.5% | |
| EV / EBIT | 61.97 | 11.07 | 15.63 | 12.74 | 76.68 | 29.21 | 65.27 | 28.53 | 6.84 | 14.24 | — | — | 42.10 | — | 51.28 | 41.04 | 24.71 | 34.73 | 13.11 | 103.36 | 22.35 |
| — | -62.1% | -76.0% | -55.4% | +1020.4% | +105.1% | — | — | -83.7% | — | — | — | +70.4% | — | +291.1% | -60.3% | +10.6% | -28.2% | -88.5% | — | +74.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.4% | 51.8% | 52.4% | 52.3% | 44.4% | 52.2% | 51.5% | 57.0% | 56.1% | 53.5% | 52.9% | 51.7% | 49.0% | 48.5% | 54.5% | 53.3% | 52.1% | 50.5% | 52.3% | 46.9% | 50.0% |
| — | -0.7% | +1.6% | -8.3% | -20.9% | -2.5% | -2.7% | +10.2% | +14.5% | +10.3% | -2.8% | -3.1% | -6.0% | -3.9% | +4.1% | +13.6% | +4.2% | -3.6% | -1.9% | -5.1% | -8.1% | |
| Operating Margin | 4.7% | 17.6% | 17.7% | 16.8% | 3.8% | 7.7% | 4.5% | 7.6% | 23.8% | 18.1% | -11.3% | -7.8% | 5.8% | -6.8% | 6.4% | 7.1% | 10.0% | 7.3% | 9.6% | 1.7% | 9.7% |
| — | +129.5% | +296.9% | +120.9% | -83.9% | -57.7% | +139.6% | +197.5% | +312.8% | +367.6% | -276.4% | -210.0% | -42.5% | -192.2% | -33.3% | +312.3% | +3.1% | +72.5% | +408.8% | +149.9% | -23.8% | |
| Net Margin | -12.0% | 9.8% | -1.7% | 6.0% | -55.8% | 1.9% | 2.1% | 4.5% | 17.2% | 11.1% | -9.0% | -6.6% | 50.2% | -5.1% | 1.0% | 3.2% | 3.7% | 5.6% | 9.4% | -1.0% | 12.7% |
| — | +419.8% | -183.7% | +34.6% | -425.2% | -82.9% | +123.0% | +167.3% | -65.8% | +317.3% | -1006.0% | -305.1% | +1244.9% | -191.0% | -89.4% | +411.5% | -70.7% | +363.3% | +632.2% | +81.1% | +24.5% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -10.2% | 4.0% | -0.6% | 2.0% | -13.3% | 0.6% | 0.6% | 1.3% | 8.5% | 5.3% | -3.1% | -1.9% | 21.6% | -1.9% | 0.5% | 1.5% | 2.0% | 2.9% | 5.1% | -0.5% | 7.0% |
| — | +556.7% | -201.0% | +51.9% | -255.6% | -88.5% | +120.6% | +168.2% | -60.5% | +378.2% | -781.9% | -224.0% | +999.3% | -164.9% | -91.0% | +392.9% | -71.9% | +417.3% | +771.6% | +77.7% | +27.6% | |
| ROA | -5.7% | 2.4% | -0.3% | 1.0% | -7.4% | 0.3% | 0.4% | 0.8% | 4.9% | 2.9% | -1.7% | -1.1% | 11.6% | -1.0% | 0.2% | 0.7% | 0.9% | 1.3% | 2.1% | -0.2% | 3.0% |
| — | +585.8% | -194.2% | +35.7% | -251.5% | -88.1% | +121.4% | +170.6% | -57.9% | +409.6% | -872.5% | -248.8% | +1235.2% | -176.1% | -89.5% | +428.5% | -70.7% | +429.8% | +765.9% | +78.5% | +26.9% | |
| ROIC | 2.8% | 7.2% | 5.6% | 3.9% | 0.7% | 1.7% | 1.0% | 1.6% | 7.7% | 5.2% | -2.4% | -1.4% | 1.6% | -1.5% | 1.8% | 2.1% | 3.1% | 2.2% | 3.0% | 0.5% | 3.3% |
| — | +311.5% | +455.0% | +146.7% | -91.5% | -66.4% | +141.9% | +209.6% | +393.5% | +443.5% | -234.0% | -169.0% | -50.5% | -167.9% | -39.7% | +308.2% | -5.1% | +87.0% | +533.8% | +161.3% | -8.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.14 | 0.36 | 0.37 | 0.39 | 0.33 | 0.34 | 0.33 | 0.32 | 0.35 | 0.38 | 0.38 | 0.36 | 0.46 | 0.46 | 0.48 | 0.50 | 0.65 | 0.67 | 0.72 | 0.65 |
| — | -56.4% | +6.8% | +10.8% | +21.0% | -6.1% | -12.1% | -11.8% | -10.8% | -23.0% | -16.5% | -20.7% | -27.9% | -30.0% | -31.5% | -33.4% | -23.3% | -5.1% | -4.4% | +1.9% | -9.7% | |
| Debt / EBITDA | 5.26 | 1.85 | 4.95 | 5.71 | 22.28 | 10.68 | 17.10 | 11.56 | 2.66 | 3.95 | — | — | 12.28 | — | 12.13 | 11.25 | 8.24 | 13.54 | 11.04 | 36.04 | 10.44 |
| — | -82.7% | -71.1% | -50.7% | +738.9% | +170.4% | — | — | -78.4% | — | — | — | +49.0% | — | +10.0% | -68.8% | -21.1% | -38.2% | -69.2% | — | +16.3% | |
| Current Ratio | 2.50 | 2.43 | 3.05 | 2.26 | 2.50 | 2.08 | 1.99 | 2.06 | 2.18 | 2.08 | 1.87 | 1.09 | 1.21 | 1.20 | 1.15 | 1.11 | 1.07 | 1.52 | 1.52 | 1.41 | 1.44 |
| — | +16.8% | +53.0% | +9.8% | +14.3% | +0.0% | +6.3% | +88.4% | +79.9% | +74.0% | +62.6% | -1.0% | +13.2% | -21.2% | -24.4% | -21.6% | -25.5% | +6.1% | -5.6% | +4.1% | -10.9% | |
| Quick Ratio | 2.26 | 1.82 | 2.56 | 2.03 | 2.26 | 1.64 | 1.58 | 1.69 | 1.80 | 1.62 | 1.32 | 0.78 | 0.91 | 0.82 | 0.76 | 0.67 | 0.70 | 1.07 | 1.15 | 1.06 | 1.12 |
| — | +10.9% | +62.3% | +20.1% | +25.1% | +1.3% | +19.6% | +116.4% | +99.0% | +98.3% | +74.2% | +15.5% | +30.0% | -23.5% | -34.3% | -36.0% | -37.9% | -8.8% | -16.8% | -9.7% | -18.6% | |
| Interest Coverage | 3.33 | — | 21.30 | 18.91 | 9.37 | 8.39 | 3.38 | 6.75 | 23.50 | 11.72 | -10.54 | -13.58 | 16.43 | -13.34 | 12.28 | 15.42 | 17.51 | 8.81 | 13.89 | 1.81 | 5.61 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HLIT stock.
Harmonic Inc.'s current P/E is -29.8x. The average P/E over the last 2 quarters is 27.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Harmonic Inc.'s current operating margin is 4.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Harmonic Inc.'s business trajectory between earnings reports.