HARMONIC INC (HLIT) Stock Fundamental Analysis

NASDAQ:HLIT • US4131601027

10.68 USD
+0.53 (+5.22%)
At close: Feb 13, 2026
10.77 USD
+0.09 (+0.84%)
After Hours: 2/13/2026, 8:14:59 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to HLIT. HLIT was compared to 48 industry peers in the Communications Equipment industry. While HLIT has a great profitability rating, there are some minor concerns on its financial health. HLIT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • HLIT had positive earnings in the past year.
  • In the past year HLIT had a positive cash flow from operations.
  • 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 0 50M -50M

1.2 Ratios

  • The Return On Assets of HLIT (6.54%) is better than 79.17% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.20%, HLIT is in the better half of the industry, outperforming 79.17% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 9.21%, HLIT is in the better half of the industry, outperforming 77.08% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HLIT is below the industry average of 11.27%.
  • The 3 year average ROIC (7.26%) for HLIT is below the current ROIC(9.21%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.54%
ROE 11.2%
ROIC 9.21%
ROA(3y)6.61%
ROA(5y)3.36%
ROE(3y)12.12%
ROE(5y)5.9%
ROIC(3y)7.26%
ROIC(5y)N/A
HLIT Yearly ROA, ROE, ROICHLIT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • The Profit Margin of HLIT (7.81%) is better than 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of HLIT has grown nicely.
  • HLIT has a Operating Margin of 12.87%. This is in the better half of the industry: HLIT outperforms 79.17% of its industry peers.
  • HLIT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of HLIT (55.71%) is better than 72.92% of its industry peers.
  • HLIT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.87%
PM (TTM) 7.81%
GM 55.71%
OM growth 3Y52.34%
OM growth 5Y25.49%
PM growth 3Y30.12%
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y-0.62%
HLIT Yearly Profit, Operating, Gross MarginsHLIT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HLIT is creating some value.
  • Compared to 1 year ago, HLIT has more shares outstanding
  • HLIT has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HLIT has an improved debt to assets ratio.
HLIT Yearly Shares OutstandingHLIT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M

2.2 Solvency

  • HLIT has an Altman-Z score of 0.04. This is a bad value and indicates that HLIT is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.04, HLIT is doing worse than 64.58% of the companies in the same industry.
  • HLIT has a debt to FCF ratio of 0.95. This is a very positive value and a sign of high solvency as it would only need 0.95 years to pay back of all of its debts.
  • HLIT has a better Debt to FCF ratio (0.95) than 77.08% of its industry peers.
  • A Debt/Equity ratio of 0.27 indicates that HLIT is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.27, HLIT is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
  • 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 0.27
Debt/FCF 0.95
Altman-Z 0.04
ROIC/WACC1.02
WACC9.04%
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 0 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 2.08 indicates that HLIT has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.08, HLIT is in line with its industry, outperforming 52.08% of the companies in the same industry.
  • HLIT has a Quick Ratio of 1.64. This is a normal value and indicates that HLIT is financially healthy and should not expect problems in meeting its short term obligations.
  • HLIT has a Quick ratio (1.64) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.08
Quick Ratio 1.64
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 100M 200M 300M

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

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 63.83% over the past year.
  • The Earnings Per Share has been growing by 23.05% on average over the past years. This is a very strong growth
  • HLIT shows a small growth in Revenue. In the last year, the Revenue has grown by 1.93%.
  • HLIT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.99% yearly.
EPS 1Y (TTM)63.83%
EPS 3Y32.45%
EPS 5Y23.05%
EPS Q2Q%-53.85%
Revenue 1Y (TTM)1.93%
Revenue growth 3Y10.2%
Revenue growth 5Y10.99%
Sales Q2Q%-27.26%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.53% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 4.72% on average over the next years.
EPS Next Y-44.65%
EPS Next 2Y-2.89%
EPS Next 3Y11.53%
EPS Next 5YN/A
Revenue Next Year-17.27%
Revenue Next 2Y0.37%
Revenue Next 3Y4.72%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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 13.87 indicates a correct valuation of HLIT.
  • Based on the Price/Earnings ratio, HLIT is valued cheaper than 85.42% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.68. HLIT is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 14.34 indicates a correct valuation of HLIT.
  • HLIT's Price/Forward Earnings ratio is rather cheap when compared to the industry. HLIT is cheaper than 85.42% of the companies in the same industry.
  • HLIT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 13.87
Fwd PE 14.34
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

  • Based on the Enterprise Value to EBITDA ratio, HLIT is valued a bit cheaper than the industry average as 77.08% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HLIT is valued cheaper than 93.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.98
EV/EBITDA 12.88
HLIT Per share dataHLIT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • HLIT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.6
EPS Next 2Y-2.89%
EPS Next 3Y11.53%

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 (2/13/2026, 8:14:59 PM)

After market: 10.77 +0.09 (+0.84%)

10.68

+0.53 (+5.22%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)11-03
Earnings (Next)02-19
Inst Owners91.53%
Inst Owner Change-92.04%
Ins Owners1.2%
Ins Owner Change1.95%
Market Cap1.20B
Revenue(TTM)635.71M
Net Income(TTM)49.63M
Analysts73.85
Price Target12.02 (12.55%)
Short Float %2.53%
Short Ratio2.64
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)195.19%
Min EPS beat(2)159.54%
Max EPS beat(2)230.84%
EPS beat(4)4
Avg EPS beat(4)129.85%
Min EPS beat(4)20.32%
Max EPS beat(4)230.84%
EPS beat(8)8
Avg EPS beat(8)95.47%
EPS beat(12)10
Avg EPS beat(12)59.51%
EPS beat(16)14
Avg EPS beat(16)58.07%
Revenue beat(2)2
Avg Revenue beat(2)7.26%
Min Revenue beat(2)6.03%
Max Revenue beat(2)8.49%
Revenue beat(4)4
Avg Revenue beat(4)4.65%
Min Revenue beat(4)2.02%
Max Revenue beat(4)8.49%
Revenue beat(8)7
Avg Revenue beat(8)3.34%
Revenue beat(12)8
Avg Revenue beat(12)0.92%
Revenue beat(16)12
Avg Revenue beat(16)1.41%
PT rev (1m)0%
PT rev (3m)12.24%
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 13.87
Fwd PE 14.34
P/S 1.89
P/FCF 8.98
P/OCF 8.31
P/B 2.71
P/tB 5.96
EV/EBITDA 12.88
EPS(TTM)0.77
EY7.21%
EPS(NY)0.74
Fwd EY6.98%
FCF(TTM)1.19
FCFY11.13%
OCF(TTM)1.28
OCFY12.03%
SpS5.66
BVpS3.95
TBVpS1.79
PEG (NY)N/A
PEG (5Y)0.6
Graham Number8.27
Profitability
Industry RankSector Rank
ROA 6.54%
ROE 11.2%
ROCE 13.61%
ROIC 9.21%
ROICexc 11.69%
ROICexgc 23.84%
OM 12.87%
PM (TTM) 7.81%
GM 55.71%
FCFM 20.99%
ROA(3y)6.61%
ROA(5y)3.36%
ROE(3y)12.12%
ROE(5y)5.9%
ROIC(3y)7.26%
ROIC(5y)N/A
ROICexc(3y)8.98%
ROICexc(5y)N/A
ROICexgc(3y)28.66%
ROICexgc(5y)N/A
ROCE(3y)10.73%
ROCE(5y)N/A
ROICexgc growth 3Y15.9%
ROICexgc growth 5Y12.84%
ROICexc growth 3Y44.43%
ROICexc growth 5Y28%
OM growth 3Y52.34%
OM growth 5Y25.49%
PM growth 3Y30.12%
PM growth 5YN/A
GM growth 3Y1.69%
GM growth 5Y-0.62%
F-Score8
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.95
Debt/EBITDA 1.27
Cap/Depr 96.13%
Cap/Sales 1.69%
Interest Coverage 16.99
Cash Conversion 155.02%
Profit Quality 268.94%
Current Ratio 2.08
Quick Ratio 1.64
Altman-Z 0.04
F-Score8
WACC9.04%
ROIC/WACC1.02
Cap/Depr(3y)73.43%
Cap/Depr(5y)104.94%
Cap/Sales(3y)1.41%
Cap/Sales(5y)3.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.83%
EPS 3Y32.45%
EPS 5Y23.05%
EPS Q2Q%-53.85%
EPS Next Y-44.65%
EPS Next 2Y-2.89%
EPS Next 3Y11.53%
EPS Next 5YN/A
Revenue 1Y (TTM)1.93%
Revenue growth 3Y10.2%
Revenue growth 5Y10.99%
Sales Q2Q%-27.26%
Revenue Next Year-17.27%
Revenue Next 2Y0.37%
Revenue Next 3Y4.72%
Revenue Next 5YN/A
EBIT growth 1Y73.26%
EBIT growth 3Y67.89%
EBIT growth 5Y39.29%
EBIT Next Year-32%
EBIT Next 3Y22.26%
EBIT Next 5YN/A
FCF growth 1Y964.27%
FCF growth 3Y23.43%
FCF growth 5Y20.25%
OCF growth 1Y615.68%
OCF growth 3Y14.71%
OCF growth 5Y14.62%

HARMONIC INC / HLIT FAQ

Can you provide the ChartMill fundamental rating for HARMONIC INC?

ChartMill assigns a fundamental rating of 6 / 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 7 / 10.


How financially healthy is HARMONIC INC?

The financial health rating of HARMONIC INC (HLIT) is 5 / 10.


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

The Earnings per Share (EPS) of HARMONIC INC (HLIT) is expected to decline by -44.65% in the next year.