What is Harmonic's price / earnings?

Harmonic (HLIT) reported price / earnings of 23.3× in Q3 2025.

How has Harmonic's price / earnings changed year-over-year?

Harmonic's price / earnings increased by 16.9% year-over-year, from 20× to 23.3×.

What is the long-term trend for Harmonic's price / earnings?

Over 3 years (2021 to 2024), Harmonic's price / earnings has grown at a -24.4% compound annual growth rate (CAGR), from 91× to 39.3×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Harmonic HLIT Price / earnings

Price / earnings at other companies

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30.2×+7.4×

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93.4×—

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39.7×+14.0×

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104.2×—

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Other financials

Income statement

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Revenue$121.7M+43.4%

Gross profit$63.6M+36.9%

Operating income$20.4M+191%

Net income$7.3M+23.0%

EPS (diluted)$0.07+40.0%

Balance sheet

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Cash & equivalents$109.4M-26.6%

Total debt$131.1M-4.4%

Total equity$355.2M-20.4%

Total assets$705.3M-8.8%

Cash flow

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Operating cash flow$31.7M-62.1%

CapEx$1.4M-25.3%

Free cash flow$30.3M-62.9%

Valuation

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Market cap$1.61B+60.4%

Enterprise value$1.63B+64.5%

P/S4×+1.8×

Profitability

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Gross margin49.7%—

Operating margin21.5%—

Net margin-10.4%-22.2pp

FCF margin0%—

Returns & leverage

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Return on equity-10.5%-22.9pp

Debt / equity0.4×+0.1×

Current ratio2.3×+0.2×

Where this comes from

Calculated from Harmonic’s reported figures.

market cap/net income=23.3×

Based on the most recent quarter.

The official record: Harmonic’s 10-Q, filed November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harmonic's price / earnings?: Harmonic (HLIT) reported price / earnings of 23.3× in Q3 2025.
How has Harmonic's price / earnings changed year-over-year?: Harmonic's price / earnings increased by 16.9% year-over-year, from 20× to 23.3×.
What is the long-term trend for Harmonic's price / earnings?: Over 3 years (2021 to 2024), Harmonic's price / earnings has grown at a -24.4% compound annual growth rate (CAGR), from 91× to 39.3×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.