HARMONIC INC (HLIT) Stock Fundamental Analysis

NASDAQ:HLIT • US4131601027

10.63 USD
+0.1 (+0.95%)
At close: Feb 27, 2026
10.63 USD
0 (0%)
After Hours: 2/27/2026, 8:08:40 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

HLIT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 48 industry peers in the Communications Equipment industry. HLIT has only an average score on both its financial health and profitability. HLIT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • HLIT had positive earnings in the past year.
  • HLIT had a positive operating cash flow in the past year.
  • HLIT had positive earnings in 4 of the past 5 years.
  • HLIT had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of -6.03%, HLIT is doing worse than 62.50% of the companies in the same industry.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 4.70%, HLIT is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • HLIT had an Average Return On Invested Capital over the past 3 years of 5.82%. This is below the industry average of 10.81%.
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

  • The Operating Margin of HLIT (6.05%) is better than 68.75% of its industry peers.
  • In the last couple of years the Operating Margin of HLIT has declined.
  • With a decent Gross Margin value of 53.87%, HLIT is doing good in the industry, outperforming 70.83% of the companies in the same industry.
  • HLIT's Gross Margin has been stable in the last couple of years.
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

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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.
  • HLIT has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for HLIT has been increased compared to 5 years ago.
  • HLIT has a better debt/assets ratio than last year.
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

  • HLIT has an Altman-Z score of -0.56. This is a bad value and indicates that HLIT is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of HLIT (-0.56) is worse than 64.58% of its industry peers.
  • The Debt to FCF ratio of HLIT is 1.16, which is an excellent value as it means it would take HLIT, only 1.16 years of fcf income to pay off 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.
  • Looking at the Debt to Equity ratio, with a value of 0.28, HLIT is doing worse than 64.58% of the companies in the same industry.
  • 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 -0.56
ROIC/WACC0.5
WACC9.37%
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's Current ratio of 2.50 is fine compared to the rest of the industry. HLIT outperforms 66.67% 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

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

5

3. Growth

3.1 Past

  • The earnings per share for HLIT have decreased strongly by -41.77% in the last year.
  • The Earnings Per Share has been growing by 45.72% on average over the past years. This is a very strong growth
  • The Revenue for HLIT has decreased by -24.60% in the past year. This is quite bad
  • HLIT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.98% yearly.
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

  • Based on estimates for the next years, HLIT will show a very strong growth in Earnings Per Share. The EPS will grow by 54.36% on average per year.
  • The Revenue is expected to grow by 17.82% on average over the next years. This is quite good.
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.11 indicates a rather expensive valuation of HLIT.
  • HLIT's Price/Earnings ratio is a bit cheaper when compared to the industry. HLIT is cheaper than 70.83% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.07. HLIT is around the same levels.
  • Based on the Price/Forward Earnings ratio of 14.27, the valuation of HLIT can be described as correct.
  • 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 28.05.
Industry RankSector Rank
PE 23.11
Fwd PE 14.27
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 cheaply inside the industry as 87.50% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.31
EV/EBITDA 28.09
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)0.51
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 (2/27/2026, 8:08:40 PM)

After market: 10.63 0 (0%)

10.63

+0.1 (+0.95%)

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%
Ins Owners1.2%
Ins Owner Change6.16%
Market Cap1.19B
Revenue(TTM)511.78M
Net Income(TTM)-43.31M
Analysts73.85
Price Target12.97 (22.01%)
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)7.88%
PT rev (3m)7.88%
EPS NQ rev (1m)15.02%
EPS NQ rev (3m)15.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.11%
Revenue NQ rev (1m)-27.45%
Revenue NQ rev (3m)-27.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.06%
Valuation
Industry RankSector Rank
PE 23.11
Fwd PE 14.27
P/S 2.33
P/FCF 12.31
P/OCF 11.05
P/B 3.11
P/tB 3.7
EV/EBITDA 28.09
EPS(TTM)0.46
EY4.33%
EPS(NY)0.74
Fwd EY7.01%
FCF(TTM)0.86
FCFY8.12%
OCF(TTM)0.96
OCFY9.05%
SpS4.56
BVpS3.41
TBVpS2.87
PEG (NY)0.37
PEG (5Y)0.51
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 -0.56
F-Score4
WACC9.37%
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.