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Harmony Biosciences Holdings, Inc. (HRMY) 10-Year Financial Performance & Capital Metrics

HRMY • • Industrial / General
HealthcareBiotechnologyNeurology & CNS DisordersPsychiatric & CNS Disorders
AboutHarmony Biosciences Holdings, Inc., a commercial-stage pharmaceutical company, develops and commercializes therapies for patients with rare neurological disorders in the United States. Its product, WAKIX is a medication for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. The company was formerly known as Harmony Biosciences II, Inc. and changed its name to Harmony Biosciences Holdings, Inc. in February 2020. Harmony Biosciences Holdings, Inc. was incorporated in 2017 and is based in Plymouth Meeting, Pennsylvania.Show more
  • Revenue $715M +22.8%
  • EBITDA $215M -0.7%
  • Net Income $145M +12.9%
  • EPS (Diluted) 2.51 +17.8%
  • Gross Margin 78.06% -1.4%
  • EBITDA Margin 30.07% -19.1%
  • Operating Margin 26.7% -19.1%
  • Net Margin 20.36% -8.1%
  • ROE 25.84% -12.8%
  • ROIC 38.87% -5.6%
  • Debt/Equity 0.28 -33.6%
  • Interest Coverage 10.91 +34.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 39.0%
  • ✓FCF machine: 30.6% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 160.2%
  • ✓Share count reduced 4.1% through buybacks
  • ✓Healthy 5Y average net margin of 14.4%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y160.18%
3Y32.76%
TTM21.13%

Profit (Net Income) CAGR

10Y-
5Y-
3Y61.41%
TTM51.42%

EPS CAGR

10Y-
5Y-
3Y62.96%
TTM50.71%

ROCE

10Y Avg-15.26%
5Y Avg23.3%
3Y Avg27.17%
Latest25.93%

Peer Comparison

Psychiatric & CNS Disorders
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ACADACADIA Pharmaceuticals Inc.4.54B26.8619.7531.85%24.94%28.47%3.46%0.07
JAZZJazz Pharmaceuticals plc10.38B170.8119.756.12%-8.86%-9.31%12.99%1.51
CPRXCatalyst Pharmaceuticals, Inc.2.85B23.1717.6923.49%37.63%23.64%8.4%0.00
HRMYHarmony Biosciences Holdings, Inc.2.08B36.0414.3622.8%22.48%22.23%10.53%0.28
ALKSAlkermes plc5.06B30.6214.11-6.36%22.27%19.55%8.02%0.05
PRTCPureTech Health plc458.47M18.979.4944.98%-495.91%-8.53%0.05
LBRXLB Pharmaceuticals Inc Common Stock489.79M19.36-1.09
NMRANeumora Therapeutics, Inc. Common Stock365.37M2.15-1.41-178.79%0.01

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+06M159.74M305.44M437.86M582.02M714.73M
Revenue Growth %--25.65%0.91%0.43%0.33%0.23%
Cost of Goods Sold+184K1.58M27.74M55.52M83.48M121.24M156.81M
COGS % of Revenue-0.26%0.17%0.18%0.19%0.21%0.22%
Gross Profit+-184K4.42M132M249.92M354.37M460.79M557.92M
Gross Margin %-0.74%0.83%0.82%0.81%0.79%0.78%
Gross Profit Growth %-25.01%28.88%0.89%0.42%0.3%0.21%
Operating Expenses+41.44M150.32M115.02M162.39M234.19M268.76M367.09M
OpEx % of Revenue-25.07%0.72%0.53%0.53%0.46%0.51%
Selling, General & Admin29.07M80.73M95.57M132.03M163.3M192.69M221.27M
SG&A % of Revenue-13.47%0.6%0.43%0.37%0.33%0.31%
Research & Development12.37M69.59M19.45M30.37M70.89M76.06M145.82M
R&D % of Revenue-11.61%0.12%0.1%0.16%0.13%0.2%
Other Operating Expenses0000000
Operating Income+-41.44M-145.9M16.99M87.53M120.19M192.03M190.83M
Operating Margin %--24.34%0.11%0.29%0.27%0.33%0.27%
Operating Income Growth %--2.52%1.12%4.15%0.37%0.6%-0.01%
EBITDA+-41.26M-142.69M27.22M106.37M143.57M216.39M214.94M
EBITDA Margin %--23.8%0.17%0.35%0.33%0.37%0.3%
EBITDA Growth %--2.46%1.19%2.91%0.35%0.51%-0.01%
D&A (Non-Cash Add-back)184K3.21M10.24M18.84M23.39M24.36M24.11M
EBIT-41.44M-145.9M-8.72M61.62M123.48M197.15M209.3M
Net Interest Income+0-6.07M-28.22M-23.97M-15.67M-9.03M1.05M
Interest Income000224K3.13M14.73M18.54M
Interest Expense06.07M28.22M24.19M18.8M23.76M17.5M
Other Income/Expense1.54M-6.07M-53.93M-50.1M-15.5M-18.63M978K
Pretax Income+-39.9M-151.98M-36.94M37.43M104.69M173.4M191.8M
Pretax Margin %--25.35%-0.23%0.12%0.24%0.3%0.27%
Income Tax+0002.83M-76.78M44.54M46.31M
Effective Tax Rate %1%1%1%0.92%1.73%0.74%0.76%
Net Income+-39.9M-151.98M-36.94M34.6M181.47M128.85M145.49M
Net Margin %--25.35%-0.23%0.11%0.41%0.22%0.2%
Net Income Growth %--2.81%0.76%1.94%4.25%-0.29%0.13%
Net Income (Continuing)-39.9M-151.98M-36.94M34.6M181.47M128.85M145.49M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-1.42-2.94-1.100.582.972.132.51
EPS Growth %--1.07%0.63%1.53%4.12%-0.28%0.18%
EPS (Basic)-1.42-2.94-1.120.603.072.172.56
Diluted Shares Outstanding49.24M63.68M57.85M59.21M61.1M60.37M57.87M
Basic Shares Outstanding49.24M63.68M56.89M57.53M59.17M59.47M56.88M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+86.68M31.5M262.89M284.44M400.29M451.07M579.25M
Cash & Short-Term Investments83.52M24.46M228.63M234.31M323.12M353.46M467.19M
Cash Only83.52M24.46M228.63M234.31M243.78M311.66M453M
Short-Term Investments000079.33M41.8M14.19M
Accounts Receivable04.25M22.18M34.84M54.74M74.14M83.03M
Days Sales Outstanding-259.0650.6741.6445.6346.4942.4
Inventory01.09M3.82M4.43M4.3M5.36M7.2M
Days Inventory Outstanding-251.8250.3129.1418.7916.1516.75
Other Current Assets2.46M261K1.3M3.22M8.79M5.54M8.12M
Total Non-Current Assets+2.6M75.21M164.18M149M273.58M360.38M419.95M
Property, Plant & Equipment1.58M1.33M938K4.12M573K371K3.38M
Fixed Asset Turnover-4.51x170.30x74.17x764.14x1568.79x211.52x
Goodwill0000000
Intangible Assets072.19M162.34M143.92M160.95M137.11M113.26M
Long-Term Investments500K00022.57M72.17M108.87M
Other Non-Current Assets522K1.69M902K967K3.55M6.57M194.43M
Total Assets+89.28M106.7M427.07M433.44M673.87M811.45M999.2M
Asset Turnover-0.06x0.37x0.70x0.65x0.72x0.72x
Asset Growth %-0.2%3%0.01%0.55%0.2%0.23%
Total Current Liabilities+7.23M19.89M134.54M53.77M78.88M163.78M175.08M
Accounts Payable1.46M6.36M2.56M1M3.79M17.73M13.74M
Days Payables Outstanding2.9K1.47K33.636.5816.5553.3831.99
Short-Term Debt0002M2M15M16.25M
Deferred Revenue (Current)0000000
Other Current Liabilities313K753K100.31M11.62M107.3M4.35M
Current Ratio11.99x1.58x1.95x5.29x5.07x2.75x3.31x
Quick Ratio11.99x1.53x1.93x5.21x5.02x2.72x3.27x
Cash Conversion Cycle--961.1567.3464.1947.879.2627.17
Total Non-Current Liabilities+523K98.4M195.35M193.16M192.15M180.68M164.96M
Long-Term Debt324.2M97.95M194.25M189.98M189.65M178.57M163.02M
Capital Lease Obligations0002.4M00822K
Deferred Tax Liabilities-324.46M000000
Other Non-Current Liabilities-323.68M450K1.1M777K2.5M2.11M1.13M
Total Liabilities7.75M118.29M329.89M246.94M271.03M344.46M340.05M
Total Debt+324.2M97.95M194.25M195.74M191.65M193.57M181.41M
Net Debt240.68M73.49M-34.38M-38.56M-52.14M-118.09M-271.6M
Debt / Equity3.98x-2.00x1.05x0.48x0.41x0.28x
Debt / EBITDA--7.14x1.84x1.33x0.89x0.84x
Net Debt / EBITDA---1.26x-0.36x-0.36x-0.55x-1.26x
Interest Coverage--24.03x0.60x3.62x6.39x8.08x10.91x
Total Equity+81.53M-11.59M97.18M186.51M402.84M466.99M659.15M
Equity Growth %--1.14%9.39%0.92%1.16%0.16%0.41%
Book Value per Share1.66-0.181.683.156.597.7411.39
Total Shareholders' Equity81.53M-11.59M97.18M186.51M402.84M466.99M659.15M
Common Stock1K01K1K1K1K1K
Retained Earnings-242.67M-422.86M-488.19M-453.6M-272.13M-143.28M2.22M
Treasury Stock0000000
Accumulated OCI-2K000-151K2K66K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-38.8M-75.44M-2.98M98.56M144.47M219.39M219.82M
Operating CF Margin %--12.58%-0.02%0.32%0.33%0.38%0.31%
Operating CF Growth %--0.94%0.96%34.02%0.47%0.52%0%
Net Income-39.9M-151.98M-36.94M34.6M181.47M128.85M145.49M
Depreciation & Amortization184K3.8M10.24M21.08M25.05M24.36M24.11M
Stock-Based Compensation1.08M9.91M4.69M16.11M26.91M31.7M42.6M
Deferred Taxes0025.75M00-13.42M-29.3M
Other Non-Cash Items2.06M59.44M4.91M24.59M-82.06M12.85M44.23M
Working Capital Changes-164K3.39M-11.63M2.19M-6.89M35.03M-7.32M
Change in Receivables0-4.25M-17.92M-12.67M-19.9M-19.4M-8.89M
Change in Inventory0-1.09M-2.73M-609K135K-1.07M-1.83M
Change in Payables-610K0-3.8M008.95M-5.38M
Cash from Investing+-1.34M-127.15M-2M-100.3M-141.83M-46.44M-67.48M
Capital Expenditures-1.34M-149K-2M-298K-172K-312K-1.15M
CapEx % of Revenue-0.02%0.01%0%0%0%0%
Acquisitions-------
Investments-------
Other Investing0-127M2M-100M-141.66M0-26.5M
Cash from Financing+21.61M143.77M209.16M7.42M6.84M-105.55M-11M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-185K43.77M129.93M7.92M8.84M-3.79M-2.5M
Net Change in Cash-------
Free Cash Flow+-40.14M-75.58M-4.99M98.26M144.29M219.07M218.67M
FCF Margin %--12.61%-0.03%0.32%0.33%0.38%0.31%
FCF Growth %--0.88%0.93%20.7%0.47%0.52%-0%
FCF per Share-0.82-1.19-0.091.662.363.633.78
FCF Conversion (FCF/Net Income)0.97x0.50x0.08x2.85x0.80x1.70x1.51x
Interest Paid04.23M019.83M16.36M20.05M17.32M
Taxes Paid0000048.23M79.64M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-48.94%-434.57%-86.32%24.39%61.58%29.63%25.84%
Return on Invested Capital (ROIC)--56.98%20.43%62.3%36.15%41.17%38.87%
Gross Margin-73.69%82.64%81.82%80.93%79.17%78.06%
Net Margin--2535.06%-23.13%11.33%41.44%22.14%20.36%
Debt / Equity3.98x-2.00x1.05x0.48x0.41x0.28x
Interest Coverage--24.03x0.60x3.62x6.39x8.08x10.91x
FCF Conversion0.97x0.50x0.08x2.85x0.80x1.70x1.51x
Revenue Growth--2564.59%91.21%43.35%32.93%22.8%

Revenue by Geography

20222023
United States500M500M
United States Growth-0.00%

Frequently Asked Questions

Valuation & Price

Harmony Biosciences Holdings, Inc. (HRMY) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Harmony Biosciences Holdings, Inc. (HRMY) reported $825.9M in revenue for fiscal year 2024.

Harmony Biosciences Holdings, Inc. (HRMY) grew revenue by 22.8% over the past year. This is strong growth.

Yes, Harmony Biosciences Holdings, Inc. (HRMY) is profitable, generating $185.7M in net income for fiscal year 2024 (20.4% net margin).

Dividend & Returns

Harmony Biosciences Holdings, Inc. (HRMY) has a return on equity (ROE) of 25.8%. This is excellent, indicating efficient use of shareholder capital.

Harmony Biosciences Holdings, Inc. (HRMY) generated $296.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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