What are Harmonic's profit margins?

Harmonic (HLIT) runs a 49.7% gross margin and a 21.5% operating margin, with a -10.4% net margin.

Where do Harmonic's ratios come from?

Every ratio is computed from Harmonic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Harmonic HLIT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Net margin	-11.9%-19.9pp	8%—	——	4.5%+1.9pp
Returns
Return on equity	-10.2%-18.9pp	8.7%-13.4pp	22.1%+13.0pp	9.1%+4.3pp
Return on assets	-5.7%-10.7pp	5%-6.4pp	11.4%+7.3pp	4%+2.0pp
Efficiency
Asset turnover	0.5×-0.1×	0.6×—	——	0.9×+0.1×
Inventory turnover	3.7×-0.2×	3.9×+1.9×	2.1×-1.2×	3.2×-1.4×
Liquidity
Current ratio	2.5×-0.4×	2.9×+1.7×	1.2×+0.1×	1.1×-0.4×
Quick ratio	2.3×-0.5×	2.7×+1.8×	0.9×+0.2×	0.7×-0.4×
Cash ratio	0.6×+0.1×	0.5×+0.2×	0.3×0.0×	0.3×-0.3×
Leverage
Debt-to-equity	0.3×+0.1×	0.3×0.0×	0.3×-0.1×	0.4×+0.2×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×+0.1×
Per Share
Book value per share	$3.36-15.2%	$3.96+6.4%	$3.72+28.9%	$2.89+3.6%
Valuation
Market capitalization	$1.11B-28.0%	$1.54B+5.4%	$1.46B+5.9%	$1.38B+14.5%
Enterprise value	$1.12B-29.0%	$1.57B+3.3%	$1.52B+6.1%	$1.44B+25.3%
Price / sales	3×-0.1×	3.2×—	——	2.2×-0.2×
Price / book	2.9×-0.4×	3.3×0.0×	3.3×-0.9×	4.3×+0.2×
EV / sales	3.1×-0.2×	3.2×—	——	2.3×0.0×
Earnings yield	-3.9%-6.4pp	2.5%-3.2pp	5.7%+3.7pp	2%+0.9pp

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Questions, answered.

What are Harmonic's profit margins?: Harmonic (HLIT) runs a 49.7% gross margin and a 21.5% operating margin, with a -10.4% net margin.
Where do Harmonic's ratios come from?: Every ratio is computed from Harmonic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.