HARMONIC INC (HLIT) Stock Fundamental Analysis

NASDAQ:HLIT • US4131601027

10.53 USD
+0.19 (+1.84%)
At close: Feb 26, 2026
10.2 USD
-0.33 (-3.13%)
After Hours: 2/26/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, HLIT scores 5 out of 10 in our fundamental rating. HLIT was compared to 48 industry peers in the Communications Equipment industry. HLIT has only an average score on both its financial health and profitability. HLIT has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year HLIT was profitable.
  • In the past year HLIT had a positive cash flow from operations.
  • HLIT had positive earnings in 4 of the past 5 years.
  • In the past 5 years HLIT always reported a positive cash flow from operatings.
HLIT Yearly Net Income VS EBIT VS OCF VS FCFHLIT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M

1.2 Ratios

  • HLIT's Return On Assets of -6.03% is on the low side compared to the rest of the industry. HLIT is outperformed by 64.58% of its industry peers.
  • HLIT has a Return On Equity of -11.30%. This is in the lower half of the industry: HLIT underperforms 68.75% of its industry peers.
  • The Return On Invested Capital of HLIT (4.70%) is better than 66.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HLIT is significantly below the industry average of 11.10%.
Industry RankSector Rank
ROA -6.03%
ROE -11.3%
ROIC 4.7%
ROA(3y)3.28%
ROA(5y)3.14%
ROE(3y)5.45%
ROE(5y)5.91%
ROIC(3y)5.82%
ROIC(5y)6.16%
HLIT Yearly ROA, ROE, ROICHLIT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30

1.3 Margins

  • With a decent Operating Margin value of 6.05%, HLIT is doing good in the industry, outperforming 68.75% of the companies in the same industry.
  • HLIT's Operating Margin has declined in the last couple of years.
  • The Gross Margin of HLIT (53.87%) is better than 70.83% of its industry peers.
  • In the last couple of years the Gross Margin of HLIT has remained more or less at the same level.
Industry RankSector Rank
OM 6.05%
PM (TTM) N/A
GM 53.87%
OM growth 3Y-15.76%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.44%
GM growth 5Y-1.31%
HLIT Yearly Profit, Operating, Gross MarginsHLIT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HLIT is destroying value.
  • Compared to 1 year ago, HLIT has less shares outstanding
  • Compared to 5 years ago, HLIT has more shares outstanding
  • The debt/assets ratio for HLIT has been reduced compared to a year ago.
HLIT Yearly Shares OutstandingHLIT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HLIT Yearly Total Debt VS Total AssetsHLIT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of -0.58, we must say that HLIT is in the distress zone and has some risk of bankruptcy.
  • HLIT's Altman-Z score of -0.58 is on the low side compared to the rest of the industry. HLIT is outperformed by 66.67% of its industry peers.
  • HLIT has a debt to FCF ratio of 1.16. This is a very positive value and a sign of high solvency as it would only need 1.16 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.16, HLIT is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.28 indicates that HLIT is not too dependend on debt financing.
  • The Debt to Equity ratio of HLIT (0.28) is worse than 64.58% of its industry peers.
  • Although HLIT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.16
Altman-Z -0.58
ROIC/WACC0.5
WACC9.46%
HLIT Yearly LT Debt VS Equity VS FCFHLIT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 2.50 indicates that HLIT has no problem at all paying its short term obligations.
  • HLIT has a Current ratio of 2.50. This is in the better half of the industry: HLIT outperforms 68.75% of its industry peers.
  • A Quick Ratio of 2.26 indicates that HLIT has no problem at all paying its short term obligations.
  • HLIT's Quick ratio of 2.26 is fine compared to the rest of the industry. HLIT outperforms 79.17% of its industry peers.
Industry RankSector Rank
Current Ratio 2.5
Quick Ratio 2.26
HLIT Yearly Current Assets VS Current LiabilitesHLIT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • HLIT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.77%.
  • HLIT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 45.72% yearly.
  • HLIT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.60%.
  • Measured over the past years, HLIT shows a decrease in Revenue. The Revenue has been decreasing by -0.98% on average per year.
EPS 1Y (TTM)-41.77%
EPS 3Y-5.2%
EPS 5Y45.72%
EPS Q2Q%-68.89%
Revenue 1Y (TTM)-24.6%
Revenue growth 3Y-16.76%
Revenue growth 5Y-0.98%
Sales Q2Q%-55.78%

3.2 Future

  • HLIT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 54.36% yearly.
  • Based on estimates for the next years, HLIT will show a quite strong growth in Revenue. The Revenue will grow by 17.82% on average per year.
EPS Next Y61.94%
EPS Next 2Y54.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.77%
Revenue Next 2Y17.82%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HLIT Yearly Revenue VS EstimatesHLIT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
HLIT Yearly EPS VS EstimatesHLIT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • HLIT is valuated rather expensively with a Price/Earnings ratio of 22.89.
  • 72.92% of the companies in the same industry are more expensive than HLIT, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.11. HLIT is around the same levels.
  • The Price/Forward Earnings ratio is 14.14, which indicates a correct valuation of HLIT.
  • 85.42% of the companies in the same industry are more expensive than HLIT, based on the Price/Forward Earnings ratio.
  • HLIT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.13.
Industry RankSector Rank
PE 22.89
Fwd PE 14.14
HLIT Price Earnings VS Forward Price EarningsHLIT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HLIT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, HLIT is valued cheaper than 89.58% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.2
EV/EBITDA 27.82
HLIT Per share dataHLIT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • HLIT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as HLIT's earnings are expected to grow with 54.36% in the coming years.
PEG (NY)0.37
PEG (5Y)0.5
EPS Next 2Y54.36%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • HLIT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

HARMONIC INC

NASDAQ:HLIT (2/26/2026, 8:00:02 PM)

After market: 10.2 -0.33 (-3.13%)

10.53

+0.19 (+1.84%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-19
Earnings (Next)04-27
Inst Owners91.53%
Inst Owner Change-1.53%
Ins Owners1.2%
Ins Owner Change6.11%
Market Cap1.18B
Revenue(TTM)511.78M
Net Income(TTM)-43.31M
Analysts73.85
Price Target12.97 (23.17%)
Short Float %2.49%
Short Ratio2.7
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)99.32%
Min EPS beat(2)39.1%
Max EPS beat(2)159.54%
EPS beat(4)4
Avg EPS beat(4)134.55%
Min EPS beat(4)39.1%
Max EPS beat(4)230.84%
EPS beat(8)8
Avg EPS beat(8)97.24%
EPS beat(12)10
Avg EPS beat(12)60.89%
EPS beat(16)14
Avg EPS beat(16)59.32%
Revenue beat(2)1
Avg Revenue beat(2)-11.68%
Min Revenue beat(2)-31.86%
Max Revenue beat(2)8.49%
Revenue beat(4)3
Avg Revenue beat(4)-3.83%
Min Revenue beat(4)-31.86%
Max Revenue beat(4)8.49%
Revenue beat(8)6
Avg Revenue beat(8)-0.96%
Revenue beat(12)7
Avg Revenue beat(12)-1.83%
Revenue beat(16)11
Avg Revenue beat(16)-0.74%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.32%
EPS NY rev (1m)0%
EPS NY rev (3m)10.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.71%
Valuation
Industry RankSector Rank
PE 22.89
Fwd PE 14.14
P/S 2.31
P/FCF 12.2
P/OCF 10.95
P/B 3.08
P/tB 3.67
EV/EBITDA 27.82
EPS(TTM)0.46
EY4.37%
EPS(NY)0.74
Fwd EY7.07%
FCF(TTM)0.86
FCFY8.2%
OCF(TTM)0.96
OCFY9.14%
SpS4.56
BVpS3.41
TBVpS2.87
PEG (NY)0.37
PEG (5Y)0.5
Graham Number5.95
Profitability
Industry RankSector Rank
ROA -6.03%
ROE -11.3%
ROCE 5.95%
ROIC 4.7%
ROICexc 6.17%
ROICexgc 7.29%
OM 6.05%
PM (TTM) N/A
GM 53.87%
FCFM 18.93%
ROA(3y)3.28%
ROA(5y)3.14%
ROE(3y)5.45%
ROE(5y)5.91%
ROIC(3y)5.82%
ROIC(5y)6.16%
ROICexc(3y)7.06%
ROICexc(5y)7.77%
ROICexgc(3y)12.96%
ROICexgc(5y)23.88%
ROCE(3y)7.37%
ROCE(5y)7.8%
ROICexgc growth 3Y-60.36%
ROICexgc growth 5YN/A
ROICexc growth 3Y-36.22%
ROICexc growth 5YN/A
OM growth 3Y-15.76%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.44%
GM growth 5Y-1.31%
F-Score4
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.16
Debt/EBITDA 2.6
Cap/Depr 99.98%
Cap/Sales 2.17%
Interest Coverage 7.6
Cash Conversion 256.82%
Profit Quality N/A
Current Ratio 2.5
Quick Ratio 2.26
Altman-Z -0.58
F-Score4
WACC9.46%
ROIC/WACC0.5
Cap/Depr(3y)81.6%
Cap/Depr(5y)83.93%
Cap/Sales(3y)2.12%
Cap/Sales(5y)2.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-41.77%
EPS 3Y-5.2%
EPS 5Y45.72%
EPS Q2Q%-68.89%
EPS Next Y61.94%
EPS Next 2Y54.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.6%
Revenue growth 3Y-16.76%
Revenue growth 5Y-0.98%
Sales Q2Q%-55.78%
Revenue Next Year21.77%
Revenue Next 2Y17.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-66.45%
EBIT growth 3Y-29.88%
EBIT growth 5YN/A
EBIT Next Year69.04%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y83.74%
FCF growth 3YN/A
FCF growth 5Y69.38%
OCF growth 1Y74.37%
OCF growth 3Y170.09%
OCF growth 5Y22.49%

HARMONIC INC / HLIT FAQ

Can you provide the ChartMill fundamental rating for HARMONIC INC?

ChartMill assigns a fundamental rating of 5 / 10 to HLIT.


Can you provide the valuation status for HARMONIC INC?

ChartMill assigns a valuation rating of 6 / 10 to HARMONIC INC (HLIT). This can be considered as Fairly Valued.


How profitable is HARMONIC INC (HLIT) stock?

HARMONIC INC (HLIT) has a profitability rating of 4 / 10.


How financially healthy is HARMONIC INC?

The financial health rating of HARMONIC INC (HLIT) is 6 / 10.


What is the expected EPS growth for HARMONIC INC (HLIT) stock?

The Earnings per Share (EPS) of HARMONIC INC (HLIT) is expected to grow by 61.94% in the next year.