Harmonic Inc. (HLIT)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 379 | 507 | 625 | 608 | 679 | 361 | 496 | 518 |
| Operating profit | $m | 17 | 59 | ||||||
| Net profit | $m | -29 | 13 | 28 | 84 | 39 | -43 | -47 | 82 |
| EPS reported | $ | -0.38 | -0.41 | ||||||
| Operating cashflow per share | $ | 0.95 | 0.57 | ||||||
| Capex per share | $ | 0.10 | 0.08 | ||||||
| FCF per share | $ | 0.85 | 0.50 | ||||||
| Free cash flow | $m | 97 | 54 | ||||||
| Net debt | $m | 9 | -121 | ||||||
| Book value equity | $m | 383 | 360 | ||||||
| Book value per share | $ | 3.36 | 3.29 | ||||||
| Number of shares | m | 114.18 | 109.68 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 2.93 | 3.12 | ||||||
| P/S LTM | x | 3.12 | 2.27 | ||||||
| P/FCF LTM | x | 11.60 | 20.85 | ||||||
| EV/EBITDA LTM | x | 48.35 | 17.64 | ||||||
| EV/Sales LTM | x | 3.18 | 2.84 | ||||||
| Earnings Yield LTM | % | -3.85% | -3.12% | ||||||
| FCF Yield | % | +8.62% | +4.80% | ||||||
| Quality | |||||||||
| ROE | % | -11.30% | -12.23% | ||||||
| ROIC | % | +0.44% | +6.80% | ||||||
| Operating margin | % | +4.72% | +11.85% | ||||||
| Gross margin | % | +45.40% | +50.71% | ||||||
| FCF/Sales | % | +26.87% | +10.87% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -46.88% | -26.95% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | +83.74% | +2.23% | ||||||
| Operating Profit Growth | % | -73.02% | -6.94% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.66 | 0.41 | ||||||
| Net Debt/EBITDA | x | 1.00 | -1.56 | ||||||
| EBIT/Net interest | x | 4.48 | 15.70 | ||||||
| Net debt/market cap | % | +11.85% | +7.32% | ||||||
| Net debt/Equity | x | 0.02 | -0.34 | ||||||
| Gross debt/equity | x | 0.39 | 0.36 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Harmonic Inc., along with its affiliated entities, operates globally, delivering advanced software, hardware, system solutions, and related services for video content distribution. The company's business activities are structured into two main divisions: Video and Cable Access. The Video division furnishes comprehensive solutions for video processing, content production, and playout. Its customer base includes cable operators, satellite and telecommunications Pay-TV providers, as well as broadcast and a variety of media companies, specifically those involved in streaming. This segment offers dedicated video processing equipment, which encompasses network management and application software, complemented by hardware components such as encoders, video servers, high-density stream processing units, and edge processors. Furthermore, it provides Software-as-a-Service (SaaS) platforms that enable the bundling and transmission of diverse streaming content – including live streams, video-on-demand, catch-up TV, start-over TV, network-based digital video recording (DVR), and cloud-based DVR services. These services are delivered via HTTP streaming to a multitude of devices and incorporate dynamic, personalized advertising insertion capabilities. The Cable Access division specializes in offering CableOS software-centric cable access solutions and CableOS central cloud services, primarily targeting cable operators. Ultimately, Harmonic's product suite empowers its clients to create, manage, store, broadcast, and stream a wide spectrum of video services to end-user devices, including televisions, personal computers, laptops, tablets, and smartphones. Beyond its core offerings, the company provides a range of technical support and professional services. These include ongoing maintenance and support, expert consulting, system implementation, project oversight, technical design and planning, site preparation, integration, equipment installation, thorough system testing, and user training. The company distributes its products both through its internal sales team and indirectly via independent resellers and systems integrators. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Harmonic Inc., along with its affiliated entities, operates globally, delivering advanced software, hardware, system solutions, and related services for video content distribution. The company's business activities are structured into two main divisions: Video and Cable Access. The Video division furnishes comprehensive solutions for video processing, content production, and playout. Its customer base includes cable operators, satellite and telecommunications Pay-TV providers, as well as broadcast and a variety of media companies, specifically those involved in streaming. This segment offers dedicated video processing equipment, which encompasses network management and application software, complemented by hardware components such as encoders, video servers, high-density stream processing units, and edge processors. Furthermore, it provides Software-as-a-Service (SaaS) platforms that enable the bundling and transmission of diverse streaming content – including live streams, video-on-demand, catch-up TV, start-over TV, network-based digital video recording (DVR), and cloud-based DVR services. These services are delivered via HTTP streaming to a multitude of devices and incorporate dynamic, personalized advertising insertion capabilities. The Cable Access division specializes in offering CableOS software-centric cable access solutions and CableOS central cloud services, primarily targeting cable operators. Ultimately, Harmonic's product suite empowers its clients to create, manage, store, broadcast, and stream a wide spectrum of video services to end-user devices, including televisions, personal computers, laptops, tablets, and smartphones. Beyond its core offerings, the company provides a range of technical support and professional services. These include ongoing maintenance and support, expert consulting, system implementation, project oversight, technical design and planning, site preparation, integration, equipment installation, thorough system testing, and user training. The company distributes its products both through its internal sales team and indirectly via independent resellers and systems integrators. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.
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