STOCK TITAN

Harmonic Inc (HLIT) Financials

HLIT
Trailing 12 months to July 3, 2026
Revenue $443.9M +11.2% YoY
Net Income -$2.6M -103.8% YoY
EPS (Diluted) -$0.41 -169.5% YoY
Free Cash Flow $1.4M -98.8% YoY
Market Cap $1.2B as of Oct 10, 2026
Price / Sales 2.7x on $443.9M revenue, trailing 12 months to July 3, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to July 3, 2026
Price / Book 3.3x on $360.3M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 3, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HLIT SEC filings page.

Harmonic Inc (HLIT) reported $443.9M in revenue over the twelve months to Jul 3, 2026, up 11.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HLIT FY2025

Harmonic’s 2025 cash generation came from balance-sheet release, while weaker sales exposed how quickly operating profit can compress.

In FY2025, operating cash flow reached $108.0M while net income was only $1.2M, so reported cash generation far exceeded accounting earnings. Accounts receivable fell from $143.7M to $85.9M, indicating that the cash surge was tied partly to collecting prior billings as activity contracted, not just to current-period profitability.

Revenue contracted 26.2% in FY2025, yet gross margin held at 48.5%, pointing away from a broad deterioration in unit economics. Operating margin fell from 15.3% to 3.9%, showing that costs below gross profit did not flex down with the smaller revenue base.

The current ratio remained 2.5x while debt-to-equity was 0.3x, indicating short-term coverage alongside limited debt relative to book equity. Even so, the company spent $79.0M on buybacks in FY2025, returning capital while operating profit was thin.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 63 / 100
Financial Health Score 63/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Harmonic Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
58

Harmonic Inc has an operating margin of 3.9%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is down from 15.3% the prior year.

Growth
19

Harmonic Inc's revenue declined 26.2% year-over-year, from $488.2M to $360.5M. This contraction results in a growth score of 19/100.

Leverage
94

Harmonic Inc carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
71

With a current ratio of 2.50, Harmonic Inc holds $2.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.

Cash Flow
81

Harmonic Inc converts 26.9% of revenue into free cash flow ($96.9M). This strong cash generation earns a score of 81/100.

Returns
52

Harmonic Inc's ROE of 0.3% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 8.4% the prior year.

Altman Z-Score Distress
-0.84

Harmonic Inc scores -0.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.2B) relative to total liabilities ($335.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
4/9

Harmonic Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
N/A

Harmonic Inc reported $1.2M of net income while generating $108.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage Adequate
3.71x

Harmonic Inc earns $3.71 in operating income for every $1 of interest expense ($14.1M vs $3.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$133.5M
YoY-6.3%
QoQ+9.7%

Harmonic Inc generated $133.5M in revenue in Q3 2026. This represents a decrease of 6.3% from the same quarter a year earlier. Against the prior quarter it is up 9.7%.

EBITDA
$26.3M
YoY+108.0%
QoQ+14.5%

Harmonic Inc's EBITDA was $26.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 108.0% from the same quarter a year earlier. Against the prior quarter it is up 14.5%.

Net Income
-$2.3M
YoY-186.3%
QoQ-131.8%

Harmonic Inc reported -$2.3M in net income in Q3 2026. This represents a decrease of 186.3% from the same quarter a year earlier. Against the prior quarter it is down 131.8%.

EPS (Diluted)
-$0.02
YoY-200.0%
QoQ-128.6%

Harmonic Inc earned -$0.02 per diluted share (EPS) in Q3 2026. This represents a decrease of 200.0% from the same quarter a year earlier. Against the prior quarter it is down 128.6%.

Cash & Balance Sheet

Free Cash Flow
-$59.6M
YoY-383.1%
QoQ-296.6%

Harmonic Inc recorded an outflow of $59.6M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 383.1% from the same quarter a year earlier. Against the prior quarter it is down 296.6%.

Cash & Debt
$231.9M
YoY+82.0%
QoQ+112.7%
5Y CAGR+18.6%
10Y CAGR+11.8%

Harmonic Inc held $231.9M in cash against $107.7M in long-term debt as of Q3 2026.

Shares Outstanding
109M
YoY-2.8%
QoQ+0.5%
5Y CAGR+1.6%
10Y CAGR+2.2%

Harmonic Inc had 109M shares outstanding in Q3 2026. This represents a decrease of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin
52.4%
YoY-1.8pp
QoQ+0.1pp

Harmonic Inc's gross margin was 52.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Operating Margin
17.7%
YoY+10.8pp
QoQ+0.9pp

Harmonic Inc's operating margin was 17.7% in Q3 2026, reflecting core business profitability. This is up 10.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Net Margin
-1.7%
YoY-3.6pp
QoQ-7.8pp

Harmonic Inc's net profit margin was -1.7% in Q3 2026, showing the share of revenue converted to profit. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.8 percentage points.

Return on Equity
-0.6%
YoY-1.3pp
QoQ-2.7pp

Harmonic Inc's ROE was -0.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.7 percentage points.

Capital Allocation

R&D Spending
$21.2M
YoY-28.6%
QoQ+1.5%

Harmonic Inc invested $21.2M in research and development in Q3 2026. This represents a decrease of 28.6% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

Share Buybacks
$1K
YoY-100.0%
QoQ-100.0%

Harmonic Inc spent $1K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures
$1.6M
YoY-41.2%
QoQ+14.8%
5Y CAGR-23.2%
10Y CAGR-8.4%

Harmonic Inc invested $1.6M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 41.2% from the same quarter a year earlier. Against the prior quarter it is up 14.8%.

HLIT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLIT quarterly income statement
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$133.5M-6.3%$121.7M+40.0%$46.3M+46.5%$142.4M-27.3%$86.9M-37.4%$84.9M-30.5%$31.6M$195.8M+53.9%
Cost of Revenue$63.6M-2.6%$58.1M+23.2%$35.0M+6.7%$65.3M-28.3%$47.1M-27.8%$38.4M-34.9%$32.8M$91.0M+38.9%
Gross Profit$69.9M-9.4%$63.6M+59.9%$11.3M+1075.9%$77.1M-26.4%$39.8M-45.8%$46.5M-26.3%-$1.2M$104.7M+69.8%
R&D Expenses$21.2M-28.6%$20.9M+16.1%$9.0M-47.2%$29.7M-1.2%$18.0M-37.5%$19.7M-36.0%-$17.0M$30.1M-0.8%
SG&A Expenses$24.6M-32.6%$22.3M+8.8%$4.6M+113.0%$36.5M+1.9%$20.5M-48.6%$19.8M-49.1%-$35.4M$35.9M-8.6%
Operating Income$23.6M+140.7%$20.4M+2812.1%-$2.0M-103.1%$9.8M-72.3%-$754K+95.2%$7.0M+173.9%$64.5M$35.4M+511.8%
EBITDA$26.3M+108.0%$23.0M+1097.7%$846K-98.7%$12.6M-67.0%$1.9M+115.5%$9.8M+251.5%$67.4M$38.3M+794.3%
Interest Expense$1.1M-8.6%$1.1M-1.0%$214K-86.9%$1.2M-55.9%$1.1M-23.5%$1.3M+81.3%$1.6M$2.7M+333.9%
Income Tax$4.9M-18.7%$9.7M+544.2%$1.0M-94.8%$6.1M-14.6%-$2.2M+44.2%$2.7M+211.7%$20.1M$7.1M+397.3%
Net Income-$2.3M-186.3%$7.3M+154.6%-$10.3M-127.0%$2.7M-87.6%$2.9M+122.9%$5.9M+173.4%$38.1M$21.7M+434.4%
EPS (Basic)-$0.02-200.0%$0.07+133.3%-$0.48-245.5%$0.02-89.5%$0.03+127.3%$0.05+171.4%$0.33-56.0%$0.19+416.7%
EPS (Diluted)-$0.02-200.0%$0.07+133.3%-$0.48$0.02-89.5%$0.03+127.3%$0.05+171.4%$0.32-55.6%$0.19+416.7%
Diluted Shares (Avg)110M-3.2%111M-2.4%N/A113M-3.4%113M-1.4%117M+4.2%N/A117M+4.8%

HLIT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLIT quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$632.6M-16.6%$705.3M-10.0%$718.5M-9.8%$758.6M-0.2%$783.3M+9.8%$773.7M+4.5%$796.5M+3.7%$759.9M+12.8%
Current Assets$417.2M+27.6%$485.3M+41.5%$494.4M-12.5%$327.0M-2.8%$342.9M+20.5%$340.7M+13.3%$565.1M+70.9%$336.4M+2.2%
Cash & Equivalents$231.9M+82.0%$109.0M-12.0%$124.1M+22.3%$127.4M+119.0%$123.9M+170.3%$148.7M+76.4%$101.5M+20.4%$58.2M-23.1%
Short-Term Investments$0$0$0$0$0$0$0$0-100.0%
Inventory$66.5M-3.1%$51.2M-28.0%$47.8M+11.1%$68.6M-7.1%$71.1M-15.4%$62.1M-28.4%$43.1M-48.7%$73.9M-28.8%
Accounts Receivable$89.9M-14.0%$83.5M-30.8%$85.9M-40.2%$104.5M-39.8%$120.7M+0.6%$98.6M-6.9%$143.7M+1.5%$173.7M+57.4%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$61.1M-74.7%$60.9M-74.8%$60.9M+0.2%$241.8M+0.9%$241.7M+1.6%$238.2M0.0%$60.8M0.0%$239.6M+1.0%
Total Liabilities$272.3M-13.7%$350.2M+3.9%$335.2M+1.2%$315.6M-4.6%$336.9M+5.0%$327.6M-1.2%$331.2M0.0%$330.9M-0.6%
Current Liabilities$136.9M-12.8%$214.2M+24.4%$197.9M+2.9%$157.1M-2.8%$172.2M+13.4%$165.2M-39.9%$192.3M-29.4%$161.7M-41.3%
Non-Current Liabilities$135.4M-14.6%$135.9M-17.5%$137.3M-1.2%$158.5M-6.4%$164.7M-2.5%$162.4M+186.4%$139.0M+135.8%$169.3M+192.9%
Long-Term Debt$107.7M-2.0%$108.4M-2.0%$109.1M-2.6%$109.9M-2.6%$110.6M-2.8%$111.3M$112.1M$112.8M
Total Equity$360.3M-18.7%$355.2M-20.4%$383.2M-17.6%$443.0M+3.3%$446.4M+13.6%$446.1M+9.0%$465.3M+6.5%$428.9M+25.9%
Retained Earnings-$2.1B-5.3%-$2.1B-5.9%-$2.1B-6.3%-$2.0B-0.8%-$2.0B+0.9%-$2.0B+0.4%-$2.0B+0.5%-$2.0B+2.7%

HLIT Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLIT quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$58.0M-343.8%$31.7M+370.9%$12.3M-74.7%$23.8M+172.6%-$11.7M+47.2%$83.6M+211.7%$48.5M+674.4%$8.7M-21.0%
Depreciation & Amortization$2.7M-5.4%$2.5M-5.6%$2.9M-3.4%$2.8M-1.3%$2.7M-17.2%$2.7M-11.8%$3.0M-3.5%$2.9M-7.4%
Stock-Based Compensation$7.3M-0.5%$9.8M+73.5%N/A$7.3M+28.3%$5.7M-18.7%$8.5M+22.3%N/A$5.7M-21.1%
Capital Expenditures$1.6M-41.2%$1.4M-63.2%$2.7M+14.1%$2.7M-8.4%$3.8M+95.4%$1.9M-2.0%$2.3M-13.9%$3.0M+55.7%
Free Cash Flow-$59.6M-383.1%$30.3M+295.5%$9.6M-79.2%$21.0M+266.8%-$15.5M+35.7%$81.7M+228.1%$46.2M+1204.3%$5.7M-37.2%
Investing Cash Flow$130.4M+4871.5%-$1.4M+63.2%-$2.7M-14.1%-$2.7M+8.4%-$3.8M-95.4%-$1.9M+2.0%-$2.3M-165.5%-$3.0M+63.7%
Financing Cash Flow$90.5M+610.0%-$44.5M-247.8%-$14.8M-1046.8%-$17.7M-703.5%-$12.8M-15.9%-$36.1M-51.1%-$1.3M+35.9%$2.9M+19.2%
Share Buybacks-$1K-100.0%$43.0M+206.3%$13.3M$15.7M$14.0M+67.5%$36.1M+66.5%$0$0

Not reported in any period shown, so not listed: Dividends Paid.

HLIT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLIT quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin52.4%-1.8pp52.3%+6.5pp24.5%+28.2pp54.2%+0.7pp45.8%-7.2pp54.8%+3.1pp-3.7%53.5%+5.0pp
Operating Margin17.7%+10.8pp16.8%+17.7pp-4.4%6.9%-11.2pp-0.9%+10.4pp8.3%+16.1pp203.7%18.1%+24.9pp
Net Margin-1.7%-3.6pp6.0%+2.7pp-22.2%1.9%-9.2pp3.3%+12.3pp7.0%+13.6pp120.5%11.1%+16.2pp
Return on Equity-0.6%-1.3pp2.1%+1.4pp-2.7%-10.9pp0.6%-4.5pp0.6%+3.8pp1.3%+3.3pp8.2%5.1%+7.0pp
Return on Assets-0.4%-0.7pp1.0%+0.7pp-1.4%-6.2pp0.4%-2.5pp0.4%+2.1pp0.8%+1.9pp4.8%2.9%+3.8pp
Current Ratio3.05+1.0x2.27+0.3x2.50-0.4x2.080.0x1.99+0.1x2.06+1.0x2.94+1.7x2.08+0.9x
Debt-to-Equity0.30+0.1x0.31+0.1x0.280.0x0.250.0x0.250.0x0.25-0.6x0.24+0.2x0.26-0.7x
Asset Turnover0.210.0x0.17+0.1x0.060.0x0.19-0.1x0.11-0.1x0.11-0.1x0.040.26+0.1x
FCF Margin-44.6%-59.4pp24.9%+42.7pp20.7%14.8%+11.8pp-17.8%-0.5pp96.3%+75.9pp145.9%2.9%-4.3pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Harmonic Inc HLIT FY2025 $360.5M $1.2M 0.3% $1.2B 63/100
Digi International Inc DGII FY2025 $430.2M $40.8M 9.5% $2.8B 53/100
ADTRAN Holdings, Inc. ADTN FY2025 $1.1B -$45.7M -4.2% $610.3M 27/100
Applied Optoelectronics, Inc. AAOI FY2025 $455.7M -$38.2M -8.4% $9.0B 54/100
NETGEAR, Inc. NTGR FY2025 $699.6M -$18.0M -2.6% $630.6M 42/100

Frequently Asked Questions

What is Harmonic Inc's annual revenue?

Harmonic Inc (HLIT) reported $360.5M in total revenue for fiscal year 2025. This represents a -26.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Harmonic Inc's revenue growing?

Harmonic Inc (HLIT) revenue declined by 26.2% year-over-year, from $488.2M to $360.5M in fiscal year 2025.

Is Harmonic Inc profitable?

Yes, Harmonic Inc (HLIT) reported a net income of $1.2M in fiscal year 2025, with a net profit margin of 0.3%.

Harmonic Inc (HLIT) reported diluted earnings per share of -$0.38 for fiscal year 2025. This represents a -215.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Harmonic Inc (HLIT) had EBITDA of $25.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Harmonic Inc (HLIT) had $124.1M in cash and equivalents against $109.1M in long-term debt.

Harmonic Inc (HLIT) had a gross margin of 48.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Harmonic Inc (HLIT) had an operating margin of 3.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Harmonic Inc (HLIT) had a net profit margin of 0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Harmonic Inc (HLIT) has a return on equity of 0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Harmonic Inc (HLIT) generated $96.9M in free cash flow during fiscal year 2025. This represents a 83.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Harmonic Inc (HLIT) generated $108.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Harmonic Inc (HLIT) had $718.5M in total assets as of fiscal year 2025, including both current and long-term assets.

Harmonic Inc (HLIT) invested $11.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Harmonic Inc (HLIT) invested $76.3M in research and development during fiscal year 2025.

Yes, Harmonic Inc (HLIT) spent $79.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Harmonic Inc (HLIT) had 110M shares outstanding as of fiscal year 2025.

Harmonic Inc (HLIT) had a current ratio of 2.50 as of fiscal year 2025, which is generally considered healthy.

Harmonic Inc (HLIT) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Harmonic Inc (HLIT) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Harmonic Inc (HLIT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to July 3, 2026). The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Harmonic Inc (HLIT) trades at 2.7x sales, its market capitalization divided by revenue of $443.9M revenue, trailing 12 months to July 3, 2026. The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Harmonic Inc (HLIT) has an Altman Z-Score of -0.84, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Harmonic Inc (HLIT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Harmonic Inc (HLIT) reported $1.2M of net income while generating $108.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Harmonic Inc (HLIT) has an interest coverage ratio of 3.71x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Harmonic Inc (HLIT) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

Back to top