HARMONY BIOSCIENCES HOLDINGS (HRMY) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:HRMY • US4131971040

37.93 USD
+0.85 (+2.29%)
At close: Feb 10, 2026
37.93 USD
0 (0%)
After Hours: 2/10/2026, 8:12:53 PM
Fundamental Rating

8

Taking everything into account, HRMY scores 8 out of 10 in our fundamental rating. HRMY was compared to 191 industry peers in the Pharmaceuticals industry. HRMY scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HRMY has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings would make HRMY suitable for value and growth and quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • HRMY had positive earnings in the past year.
  • In the past year HRMY had a positive cash flow from operations.
  • HRMY had positive earnings in 4 of the past 5 years.
  • Of the past 5 years HRMY 4 years had a positive operating cash flow.
HRMY Yearly Net Income VS EBIT VS OCF VS FCFHRMY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

  • HRMY's Return On Assets of 15.37% is amongst the best of the industry. HRMY outperforms 95.29% of its industry peers.
  • HRMY has a Return On Equity of 22.23%. This is amongst the best in the industry. HRMY outperforms 92.15% of its industry peers.
  • With an excellent Return On Invested Capital value of 17.20%, HRMY belongs to the best of the industry, outperforming 94.76% of the companies in the same industry.
  • HRMY had an Average Return On Invested Capital over the past 3 years of 18.27%. This is significantly above the industry average of 12.66%.
Industry RankSector Rank
ROA 15.37%
ROE 22.23%
ROIC 17.2%
ROA(3y)19.12%
ROA(5y)10.08%
ROE(3y)31.57%
ROE(5y)9.53%
ROIC(3y)18.27%
ROIC(5y)15.29%
HRMY Yearly ROA, ROE, ROICHRMY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

  • With an excellent Profit Margin value of 22.48%, HRMY belongs to the best of the industry, outperforming 91.62% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HRMY has grown nicely.
  • HRMY has a Operating Margin of 27.32%. This is amongst the best in the industry. HRMY outperforms 92.67% of its industry peers.
  • In the last couple of years the Operating Margin of HRMY has declined.
  • HRMY has a better Gross Margin (77.70%) than 83.77% of its industry peers.
  • HRMY's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 27.32%
PM (TTM) 22.48%
GM 77.7%
OM growth 3Y-2.32%
OM growth 5YN/A
PM growth 3Y21.57%
PM growth 5YN/A
GM growth 3Y-1.56%
GM growth 5Y1.26%
HRMY Yearly Profit, Operating, Gross MarginsHRMY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -1K -2K -3K

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HRMY is creating value.
  • HRMY has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for HRMY has been reduced compared to 5 years ago.
  • HRMY has a better debt/assets ratio than last year.
HRMY Yearly Shares OutstandingHRMY Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
HRMY Yearly Total Debt VS Total AssetsHRMY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 5.51 indicates that HRMY is not in any danger for bankruptcy at the moment.
  • HRMY has a better Altman-Z score (5.51) than 75.39% of its industry peers.
  • HRMY has a debt to FCF ratio of 0.57. This is a very positive value and a sign of high solvency as it would only need 0.57 years to pay back of all of its debts.
  • The Debt to FCF ratio of HRMY (0.57) is better than 96.86% of its industry peers.
  • A Debt/Equity ratio of 0.18 indicates that HRMY is not too dependend on debt financing.
  • The Debt to Equity ratio of HRMY (0.18) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.57
Altman-Z 5.51
ROIC/WACC1.8
WACC9.57%
HRMY Yearly LT Debt VS Equity VS FCFHRMY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • HRMY has a Current Ratio of 3.75. This indicates that HRMY is financially healthy and has no problem in meeting its short term obligations.
  • With a Current ratio value of 3.75, HRMY perfoms like the industry average, outperforming 57.59% of the companies in the same industry.
  • HRMY has a Quick Ratio of 3.72. This indicates that HRMY is financially healthy and has no problem in meeting its short term obligations.
  • HRMY's Quick ratio of 3.72 is in line compared to the rest of the industry. HRMY outperforms 58.64% of its industry peers.
Industry RankSector Rank
Current Ratio 3.75
Quick Ratio 3.72
HRMY Yearly Current Assets VS Current LiabilitesHRMY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

9

3. Growth

3.1 Past

  • HRMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.71%, which is quite impressive.
  • Measured over the past years, HRMY shows a very strong growth in Earnings Per Share. The EPS has been growing by 44.61% on average per year.
  • The Revenue has grown by 21.13% in the past year. This is a very strong growth!
  • The Revenue has been growing by 160.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)50.71%
EPS 3Y44.61%
EPS 5YN/A
EPS Q2Q%10.13%
Revenue 1Y (TTM)21.13%
Revenue growth 3Y32.77%
Revenue growth 5Y160.13%
Sales Q2Q%28.71%

3.2 Future

  • Based on estimates for the next years, HRMY will show a very strong growth in Earnings Per Share. The EPS will grow by 35.10% on average per year.
  • Based on estimates for the next years, HRMY will show a quite strong growth in Revenue. The Revenue will grow by 14.79% on average per year.
EPS Next Y31.24%
EPS Next 2Y31.22%
EPS Next 3Y28.46%
EPS Next 5Y35.1%
Revenue Next Year21.02%
Revenue Next 2Y18.62%
Revenue Next 3Y16.71%
Revenue Next 5Y14.79%

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.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
HRMY Yearly Revenue VS EstimatesHRMY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 500M 1B
HRMY Yearly EPS VS EstimatesHRMY Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4 6 8 10

9

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.93, the valuation of HRMY can be described as very reasonable.
  • HRMY's Price/Earnings ratio is rather cheap when compared to the industry. HRMY is cheaper than 88.48% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HRMY to the average of the S&P500 Index (28.03), we can say HRMY is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.78, the valuation of HRMY can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, HRMY is valued cheaply inside the industry as 91.62% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of HRMY to the average of the S&P500 Index (27.97), we can say HRMY is valued rather cheaply.
Industry RankSector Rank
PE 11.93
Fwd PE 8.78
HRMY Price Earnings VS Forward Price EarningsHRMY 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, HRMY is valued cheaply inside the industry as 94.76% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HRMY indicates a rather cheap valuation: HRMY is cheaper than 96.34% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.36
EV/EBITDA 6.44
HRMY Per share dataHRMY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of HRMY may justify a higher PE ratio.
  • A more expensive valuation may be justified as HRMY's earnings are expected to grow with 28.46% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y31.22%
EPS Next 3Y28.46%

0

5. Dividend

5.1 Amount

  • No dividends for HRMY!.
Industry RankSector Rank
Dividend Yield 0%

HARMONY BIOSCIENCES HOLDINGS

NASDAQ:HRMY (2/10/2026, 8:12:53 PM)

After market: 37.93 0 (0%)

37.93

+0.85 (+2.29%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)11-04
Earnings (Next)03-03
Inst Owners85.16%
Inst Owner Change-0.63%
Ins Owners1.63%
Ins Owner Change-61.86%
Market Cap2.18B
Revenue(TTM)825.94M
Net Income(TTM)185.68M
Analysts78.82
Price Target47.38 (24.91%)
Short Float %12.26%
Short Ratio8.82
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)1
Avg EPS beat(2)-4.77%
Min EPS beat(2)-11.17%
Max EPS beat(2)1.62%
EPS beat(4)3
Avg EPS beat(4)8.56%
Min EPS beat(4)-11.17%
Max EPS beat(4)31%
EPS beat(8)6
Avg EPS beat(8)57.65%
EPS beat(12)9
Avg EPS beat(12)44.35%
EPS beat(16)12
Avg EPS beat(16)96.55%
Revenue beat(2)1
Avg Revenue beat(2)0.75%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)4.96%
Revenue beat(4)1
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)4.96%
Revenue beat(8)1
Avg Revenue beat(8)-1%
Revenue beat(12)3
Avg Revenue beat(12)-0.86%
Revenue beat(16)5
Avg Revenue beat(16)-0.67%
PT rev (1m)0.59%
PT rev (3m)5.58%
EPS NQ rev (1m)5.41%
EPS NQ rev (3m)5.41%
EPS NY rev (1m)1.08%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)0.66%
Revenue NQ rev (3m)0.66%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)2.2%
Valuation
Industry RankSector Rank
PE 11.93
Fwd PE 8.78
P/S 2.65
P/FCF 7.36
P/OCF 7.34
P/B 2.62
P/tB 2.95
EV/EBITDA 6.44
EPS(TTM)3.18
EY8.38%
EPS(NY)4.32
Fwd EY11.39%
FCF(TTM)5.15
FCFY13.59%
OCF(TTM)5.17
OCFY13.62%
SpS14.34
BVpS14.5
TBVpS12.84
PEG (NY)0.38
PEG (5Y)N/A
Graham Number32.21
Profitability
Industry RankSector Rank
ROA 15.37%
ROE 22.23%
ROCE 22.91%
ROIC 17.2%
ROICexc 54.26%
ROICexgc 78.12%
OM 27.32%
PM (TTM) 22.48%
GM 77.7%
FCFM 35.95%
ROA(3y)19.12%
ROA(5y)10.08%
ROE(3y)31.57%
ROE(5y)9.53%
ROIC(3y)18.27%
ROIC(5y)15.29%
ROICexc(3y)40.78%
ROICexc(5y)37.48%
ROICexgc(3y)77.32%
ROICexgc(5y)N/A
ROCE(3y)24.34%
ROCE(5y)20.37%
ROICexgc growth 3Y-76.77%
ROICexgc growth 5YN/A
ROICexc growth 3Y-3.89%
ROICexc growth 5YN/A
OM growth 3Y-2.32%
OM growth 5YN/A
PM growth 3Y21.57%
PM growth 5YN/A
GM growth 3Y-1.56%
GM growth 5Y1.26%
F-Score6
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.57
Debt/EBITDA 0.6
Cap/Depr 3%
Cap/Sales 0.09%
Interest Coverage 14.73
Cash Conversion 119.28%
Profit Quality 159.9%
Current Ratio 3.75
Quick Ratio 3.72
Altman-Z 5.51
F-Score6
WACC9.57%
ROIC/WACC1.8
Cap/Depr(3y)59.29%
Cap/Depr(5y)142.27%
Cap/Sales(3y)3.13%
Cap/Sales(5y)8.45%
Profit Quality(3y)125.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50.71%
EPS 3Y44.61%
EPS 5YN/A
EPS Q2Q%10.13%
EPS Next Y31.24%
EPS Next 2Y31.22%
EPS Next 3Y28.46%
EPS Next 5Y35.1%
Revenue 1Y (TTM)21.13%
Revenue growth 3Y32.77%
Revenue growth 5Y160.13%
Sales Q2Q%28.71%
Revenue Next Year21.02%
Revenue Next 2Y18.62%
Revenue Next 3Y16.71%
Revenue Next 5Y14.79%
EBIT growth 1Y17.58%
EBIT growth 3Y29.68%
EBIT growth 5YN/A
EBIT Next Year37.5%
EBIT Next 3Y28.31%
EBIT Next 5Y23.54%
FCF growth 1Y75.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y75.68%
OCF growth 3Y30.64%
OCF growth 5YN/A

HARMONY BIOSCIENCES HOLDINGS / HRMY FAQ

Can you provide the ChartMill fundamental rating for HARMONY BIOSCIENCES HOLDINGS?

ChartMill assigns a fundamental rating of 8 / 10 to HRMY.


What is the valuation status of HARMONY BIOSCIENCES HOLDINGS (HRMY) stock?

ChartMill assigns a valuation rating of 9 / 10 to HARMONY BIOSCIENCES HOLDINGS (HRMY). This can be considered as Undervalued.


Can you provide the profitability details for HARMONY BIOSCIENCES HOLDINGS?

HARMONY BIOSCIENCES HOLDINGS (HRMY) has a profitability rating of 8 / 10.


What are the PE and PB ratios of HARMONY BIOSCIENCES HOLDINGS (HRMY) stock?

The Price/Earnings (PE) ratio for HARMONY BIOSCIENCES HOLDINGS (HRMY) is 11.93 and the Price/Book (PB) ratio is 2.62.


What is the earnings growth outlook for HARMONY BIOSCIENCES HOLDINGS?

The Earnings per Share (EPS) of HARMONY BIOSCIENCES HOLDINGS (HRMY) is expected to grow by 31.24% in the next year.