Harmonic Inc. logo HLIT - Harmonic Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $15.75 DETAILS
HIGH: $18.00
LOW: $15.00
MEDIAN: $15.00
CONSENSUS: $15.75
UPSIDE: 3.62%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 360.5 678.7 607.9 625.0 507.1 378.8 402.9 403.6 358.2 405.9 377.0 433.6 461.9 530.5 549.3 423.3 319.6 365.0 311.2 247.7 257.4 248.3 182.3 186.6 203.8 263.0 184.1 83.9 74.4 60.9 39.2
Cost of Revenue 196.9 312.8 295.4 309.1 247.4 183.8 179.9 194.3 188.4 205.2 174.3 221.2 241.5 293.9 294.8 227.9 185.2 187.4 177.1 146.2 163.4 143.8 121.7 132.2 202.3 162.2 97.2 49 36.4 30.7 19.5
Gross Profit 163.7 365.9 312.5 315.9 259.7 195.0 223.0 209.2 169.8 200.8 202.7 212.3 220.4 236.6 254.5 195.4 134.4 177.5 134.1 101.4 93.9 104.5 60.6 54.4 1.6 100.8 86.9 34.9 38 30.2 19.7
Operating Expenses
R&D Expenses 65.2 121.0 126.3 120.3 102.2 82.5 84.6 89.2 96.0 98.4 87.5 93.1 99.9 106.2 102.7 77.2 61.4 54.5 42.9 39.5 38.2 35.6 35.1 40.8 51.3 49.3 17.3 13.5 11.7 9.2 6.1
SG&A Expenses 81.4 153.1 163.3 146.7 138.1 119.6 119.0 119.0 136.3 144.4 121.0 131.3 134.0 130.9 131.1 108.2 81.1 83.1 70.7 65.2 61.5 59.7 48.3 81.4 106.3 67.0 34.3 25 18.4 13.3 8
Other Expenses 0 28.7 0.8 3.3 0.6 5.3 6.3 (0.5) (2.2) (0.0) (0.3) (0.4) (0.3) (0.3) 8.9 4.9 3.8 0.6 1.2 0.5 1.3 7.7 7.7 9.5 12.7 247.4 6.3 4.3 3.4 2.5 1.8
Operating Expenses 146.6 302.8 290.4 270.4 240.9 207.4 209.9 211.3 235.4 253.2 214.3 231.2 242.0 245.9 242.7 190.3 146.4 138.2 114.8 105.2 101.0 103.1 91.1 131.8 170.3 363.7 57.9 42.8 33.5 25 15.9
Operating Income
Operating Income 17.0 63.1 22.2 45.5 18.8 (12.4) 13.1 (5.0) (70.9) (67.0) (12.9) (21.6) (23.0) (9.3) 11.8 5.1 (12.0) 39.3 19.3 (3.7) (7.0) 1.4 (30.5) (77.3) (168.8) (262.9) 29 (7.9) 4.5 5.2 3.8
Interest Expense 3.8 7.3 2.7 5.0 10.6 11.5 11.7 11.4 11.1 10.6 0.3 0 0 0 0 1.1 3.2 9.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.5 0.4 0.3 2.3 6.7 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 28.1 77.4 34.1 61.7 32.5 1.0 24.7 15.8 (50.7) (36.1) 4.0 18.5 23.2 26.5 56.1 32.6 8.5 52.6 31.3 5.9 4.2 24.7 (4.4) (43.0) (129.9) (15.5) 35.3 (3.6) 7.9 7.7 5.6
EBIT 17.0 65.3 21.8 49.4 19.5 (14.7) 5.1 (5.5) (73.6) (69.8) (15.7) (18.8) (21.6) (9.1) 1.5 5.1 (12.0) 39.3 19.3 (3.7) (7.0) 1.4 (30.5) (77.3) (168.8) (262.9) 29 (7.9) 4.5 5.2 3.8
Income Before Tax 8.9 57.9 19.1 44.5 8.9 (26.2) (6.6) (16.9) (84.7) (80.4) (16.1) (21.8) (23.2) (9.1) 11.6 5.4 (9.7) 46.0 25.5 1.6 (5.3) 2.2 (29.1) (76.4) (167.2) (1,672.6) 31.6 (21.4) 5.2 6.2 4.3
Income Tax Expense 7.6 18.7 (64.9) 16.3 (4.4) 3.1 (0.7) 4.1 (1.8) (8.1) (0.4) 24.5 (44.7) 1.9 2.9 9.8 14.4 (18.0) 2.1 0.6 0.4 0.6 0.3 0.5 (0.8) (18.6) 7.9 13.6 0.3 0.3 0.2
Net Income (43.3) 39.2 84.0 28.2 13.3 (29.3) (5.9) (21.0) (83.0) (72.3) (15.7) (46.2) 37.0 (10.9) 8.8 (4.3) (24.1) 64.0 23.4 1.0 (5.7) 1.6 (29.4) (76.9) (166.4) (1,654.0) 23.7 (21.5) 4.9 5.9 4.1
Per Share Data
EPS (Basic) -0.38 0.34 0.75 0.27 0.13 -0.30 -0.07 -0.25 -1.02 -0.93 -0.18 -0.50 0.35 -0.09 0.08 -0.04 -0.25 0.68 0.29 0.01 -0.08 0.02 -0.47 -1.29 -2.84 -34.06 0.84 -0.46 0.12 0.26 0.18
EPS (Diluted) -0.38 0.33 0.72 0.25 0.12 -0.30 -0.07 -0.25 -1.02 -0.93 -0.18 -0.50 0.34 -0.09 0.08 -0.04 -0.25 0.67 0.28 0.01 -0.08 0.02 -0.47 -1.29 -2.84 -34.06 0.76 -0.46 0.11 0.26 0.10
Shares Outstanding 113.7 115.1 111.7 105.1 101.5 97.0 89.6 85.6 81.0 77.7 87.0 92.5 106.5 115.6 115.2 101.5 95.8 94.5 81.9 74.6 73.3 72.0 62.3 59.8 58.5 48.6 28.3 46.5 20.8 22.9 22.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 124.1 101.5 84.3 89.6 133.4 98.6 93.1 66.0 57.0 55.6 152.5 179.9 26.6 41.9 21.5 36.0 13.5 24.8 9.2 13.7 16.4 22.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 6.9 118.6 147.3 74.0 70.7 27.6 18.3 86.2 64.9 0 0 0 0
Net Receivables 85.9 182.3 146.3 114.0 96.6 76.0 102.5 92.9 69.8 86.8 64.8 63.9 64.1 38.5 25.4 34.4 67.7 35.4 17.6 16.5 12.6 5.8
Inventory 47.8 64.0 84.0 120.9 71.2 35.0 29.0 25.6 26.0 41.2 35.1 26.9 41.8 22.4 25.9 30.9 80.2 35.3 22.4 15.5 14.8 9.2
Other Current Assets 236.5 14.1 12.4 15.2 1.9 16.9 23.7 15.9 15.1 20.8 47.3 52.4 0 0 0 9.1 41.5 9.3 1.2 1.7 1.4 0.2
Total Current Assets 494.4 366.1 330.7 345.3 323.1 238.0 251.4 196.7 171.8 216.8 418.3 470.3 215.0 179.7 105.9 138.5 289.1 169.7 50.4 47.4 45.2 37.3
Non-Current Assets
Property, Plant & Equipment 39.3 39.2 57.5 65.3 73.7 70.7 50.4 22.3 29.3 32.2 41.7 15.4 19.6 23.5 32.5 45.8 47.4 14.9 10.7 10.1 8.8 4.5
Goodwill 60.9 236.9 239.2 237.7 240.2 243.7 239.8 240.6 242.8 237.3 64.0 41.7 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 4.5 12.8 21.3 29.2 25.3 12.1 7.7 21.5 35.4 53.8 89.5 1.1 1.2 0 0 0
Long-Term Investments 0 0 0 0 0 0 3.6 3.6 4.8 5.5 (49.4) (61.2) 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 19.8 33.3 36.1 61.7 56.7 39.1 37.7 26.1 42.9 38.6 22.8 24.9 0 0 0 (9.1) 0 0 0.1 1.4 0.6 0
Total Non-Current Assets 224.1 430.4 437.5 364.7 370.6 353.5 336.0 314.1 336.3 337.2 153.7 94.0 27.3 45.0 67.8 99.6 136.9 16 12 11.5 9.4 4.5
Total Assets 718.5 796.5 768.2 710.0 693.7 591.5 587.3 510.8 508.1 554.1 572.0 564.4 242.4 224.7 173.8 238.1 425.9 185.7 62.4 58.9 54.6 41.8
Current Liabilities
Account Payables 23.1 35.2 38.6 67.5 64.4 23.5 40.9 33.8 33.1 28.9 22.1 13.4 22.4 14.9 7.3 10.3 32.8 18.9 7.5 3.7 5.6 2.2
Short-Term Debt 9.4 7.1 119.8 118.7 41.8 11.8 50.1 7.2 7.6 7.3 0 0 1.1 1.0 1.9 1.3 0 0 0.2 0 0 0
Deferred Revenue 31.5 47.1 46.2 0 57.2 0 0 41.6 52.4 52.4 32.9 29.9 15.5 61.5 58.7 57.5 0 0 0 0 0 0
Other Current Liabilities 134.0 35.7 38.2 99.4 26.8 81.5 72.5 35.0 32.3 35.8 24.3 34.0 7.1 6.9 6.9 2.8 61.7 21.4 10.4 4.9 5.4 2.6
Total Current Liabilities 197.9 167.6 272.4 322.1 224.5 147.3 191.9 136.4 142.1 144.9 93.1 95.2 97.9 84.4 74.7 71.9 94.4 40.3 18.1 8.6 11 4.8
Non-Current Liabilities
Long-Term Debt 123.8 120.8 10.5 11.2 111.9 139.6 101.5 127.5 124.1 117.2 0 0 1.3 0.6 0.7 1.5 0 0 0.4 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 (1.7) 0 0 0 0 0 9.1 35.2 0 0 0 0 0
Other Non-Current Liabilities (1.2) 28.2 29.5 28.2 31.4 20.3 15.7 18.6 23.4 16.7 64.5 54.8 32.6 33.6 36.2 20.6 0.6 0.5 0.4 0.4 0 0
Total Non-Current Liabilities 137.3 163.7 58.9 63.4 172.4 185.9 143.0 146.2 147.6 138.5 71.4 54.8 33.9 34.2 36.9 31.1 35.8 0.5 0.8 0.4 0 0
Total Liabilities 335.2 331.2 331.3 385.5 396.9 333.2 334.9 282.6 289.7 283.4 164.6 150.0 131.8 118.6 111.6 103.0 130.2 40.8 18.9 9 11 4.8
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2,280.0 2,263.3 0.1 0.1 0.1 0.1 0.1 0 0 0 0 0
Retained Earnings (2,076.4) (1,953.5) (1,962.6) (2,046.6) (2,088.0) (2,101.2) (2,071.9) (2,067.4) (2,057.8) (1,976.2) (1,872.5) (1,848.4) (1,929.0) (1,930.6) (1,901.1) (1,824.2) (1,657.8) (3.8) (27.5) (6) (10.9) (16.9)
Accumulated Other Comprehensive Income (6.6) (14.1) (5.7) (9.7) (3.3) 5.9 (3.1) (1.2) 3.4 (7.3) (0.0) (0.6) (0.3) 0.1 0.0 0.2 0.7 0.1 0 0 0 0
Total Stockholders' Equity 383.2 465.3 436.9 324.5 296.8 258.3 252.4 228.2 218.3 270.6 407.5 414.3 110.6 106.2 62.2 135.1 295.7 144.9 43.5 49.9 43.6 37
Total Liabilities & Equity 718.5 796.5 768.2 710.0 693.7 591.5 587.3 510.8 508.1 554.1 572.0 564.4 242.4 224.7 173.8 238.1 425.9 185.7 62.4 58.9 54.6 41.8
Debt Metrics
Total Debt 147.8 148.3 156.1 160.8 190.2 184.8 186.3 134.7 131.7 124.4 6.9 0 2.3 1.7 2.6 2.7 0 0 0.6 0 0 0
Net Debt 23.7 46.9 71.8 71.2 56.8 86.1 93.2 68.7 74.7 68.8 (145.6) (179.9) (24.3) (40.2) (19.0) (33.3) (13.5) (24.8) (8.6) (13.7) (16.4) (22.1)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income (43.3) 39.2 84.0 28.2 13.3 (29.3) (5.9) (21.0) (83.0) (72.3) (5.7) 1.6 (29.4) (76.9) (166.4) (1,654.0) 23.7 (21.5) 4.9 5.9 4.1
Depreciation & Amortization 11.1 12.1 12.3 12.3 13.1 15.7 19.6 21.3 22.9 33.7 11.3 23.3 26.2 34.4 38.9 247.4 6.3 4.3 3.4 2.5 1.8
Stock-Based Compensation 31.9 28.1 27.3 25.2 24.1 18.0 12.1 17.3 16.6 13.1 0.0 0.0 0 0 0 0 0 0 0 0 0
Change in Working Capital 36.4 (25.0) (37.2) (69.5) (13.9) 14.3 (22.4) (17.4) 22.5 17.8 10.7 (30.9) 2.2 42.6 53.8 (373.0) (8.2) 1.2 (6.4) (8) (3.6)
Other Non-Cash Items 71.9 23.9 13.5 4.3 10.7 20.5 30.1 11.4 21.8 18.4 0.1 (3.0) (4.5) (5.7) 48.9 1,420.1 0 14 0.1 (0.1) 0
Operating Cash Flow 108.0 61.9 7.1 5.5 41.0 39.2 31.3 12.3 3.1 0.4 16.1 (9.0) (5.6) (5.4) (24.8) (359.5) 21.8 (2) 2 0.3 2.3
Investing Activities
Capital Expenditure (11.1) (9.2) (8.5) (9.2) (13.0) (32.2) (10.3) (7.0) (11.4) (15.1) (5.7) (6.3) (3.4) (3.3) (29.1) (29.9) (9.3) (4.7) (4.8) (6.7) (3.1)
Acquisitions 0 0 0 0 0 0 0 0 0 (75.7) (5.7) 6.3 0 3.3 29.1 0 0 0 0 0 0
Purchases of Investments 0 0 (6.3) 0 0 0 0 0 0 0 (63.3) (85.5) (67.9) (27.9) (58.5) (66.6) (71.8) 0 0 0 0
Sales/Maturities of Investments 0 0 6.3 8.0 0 0 0 0.1 6.9 19.7 64.3 81.7 24.9 18.5 126.2 45.4 5.8 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0.1 0.3 0.6 (11.3) (6.3) 0 (3.3) (29.1) 393.7 0 0 (1.3) 0 0
Investing Cash Flow (11.1) (9.2) (8.5) (1.3) (13.0) (32.2) (10.3) (6.9) (4.2) (70.5) (10.3) (10.1) (46.4) (12.7) 38.6 342.7 (75.3) (4.7) (6.1) (6.7) (3.1)
Financing Activities
Net Debt Issuance (4.0) (2.0) (1.0) (38.8) (2.3) (5.9) 3.7 (2.1) (1.1) (2.4) (1.2) 0.7 (0.9) (0.2) 2.7 0 (0.5) 0.6 0 0 (3.2)
Stock Repurchased (79.0) (30.0) 0 (5.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (4.4) (7.8) (10.5) (6.3) (2.1) 5.5 (5.8) (0.2) (2.8) (2.2) 0 0 0 0 0 0 0.1 0 0.1 0 0
Financing Cash Flow (81.4) (33.3) (5.0) (43.1) 7.9 (2.1) 6.3 2.7 0.9 (0.2) 5.3 3.9 72.3 3.6 9.0 5.5 69 2.2 1.4 0.7 21.2
Cash Position
Net Change in Cash 22.7 17.5 (5.3) (43.8) 34.8 5.6 27.1 7.2 1.4 (70.6) 11.2 (15.3) 20.3 (14.5) 22.5 (11.3) 15.6 2.2 1.4 0.7 21.2
Cash at Beginning 101.8 84.3 89.6 133.4 98.6 93.1 66.0 58.8 55.6 126.2 26.6 41.9 21.5 36.0 13.5 24.8 9.2 13.7 16.4 22.1 1.7
Cash at End 124.5 101.8 84.3 89.6 133.4 98.6 93.1 66.0 57.0 55.6 37.8 26.6 41.9 21.5 36.0 13.5 24.8 15.9 17.8 22.8 22.9
Free Cash Flow 96.9 52.7 (1.4) (3.8) 28.0 7.0 21.0 5.2 (8.3) (14.7) 10.4 (15.3) (8.9) (8.7) (53.8) (389.4) 12.5 (6.7) (2.8) (6.4) (0.8)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 360.5 678.7 607.9 625.0 507.1 378.8 402.9 403.6 358.2 405.9 377.0 433.6 461.9 530.5 549.3 423.3 319.6 365.0 311.2 247.7 257.4 248.3 182.3 186.6 203.8 263.0 184.1 83.9 74.4 60.9 39.2
Gross Profit 163.7 365.9 312.5 315.9 259.7 195.0 223.0 209.2 169.8 200.8 202.7 212.3 220.4 236.6 254.5 195.4 134.4 177.5 134.1 101.4 93.9 104.5 60.6 54.4 1.6 100.8 86.9 34.9 38 30.2 19.7
Operating Income 17.0 63.1 22.2 45.5 18.8 (12.4) 13.1 (5.0) (70.9) (67.0) (12.9) (21.6) (23.0) (9.3) 11.8 5.1 (12.0) 39.3 19.3 (3.7) (7.0) 1.4 (30.5) (77.3) (168.8) (262.9) 29 (7.9) 4.5 5.2 3.8
Net Income (43.3) 39.2 84.0 28.2 13.3 (29.3) (5.9) (21.0) (83.0) (72.3) (15.7) (46.2) 37.0 (10.9) 8.8 (4.3) (24.1) 64.0 23.4 1.0 (5.7) 1.6 (29.4) (76.9) (166.4) (1,654.0) 23.7 (21.5) 4.9 5.9 4.1
EPS (Diluted) -0.38 0.33 0.72 0.25 0.12 -0.30 -0.07 -0.25 -1.02 -0.93 -0.18 -0.50 0.34 -0.09 0.08 -0.04 -0.25 0.67 0.28 0.01 -0.08 0.02 -0.47 -1.29 -2.84 -34.06 0.76 -0.46 0.11 0.26 0.10
Balance Sheet
Cash & Equivalents 124.1 101.5 84.3 89.6 133.4 98.6 93.1 66.0 57.0 55.6 152.5 179.9 26.6 41.9 21.5 36.0 13.5 24.8 9.2 13.7 16.4 22.1
Total Assets 718.5 796.5 768.2 710.0 693.7 591.5 587.3 510.8 508.1 554.1 572.0 564.4 242.4 224.7 173.8 238.1 425.9 185.7 62.4 58.9 54.6 41.8
Total Debt 147.8 148.3 156.1 160.8 190.2 184.8 186.3 134.7 131.7 124.4 6.9 0 2.3 1.7 2.6 2.7 0 0 0.6 0 0 0
Stockholders' Equity 383.2 465.3 436.9 324.5 296.8 258.3 252.4 228.2 218.3 270.6 407.5 414.3 110.6 106.2 62.2 135.1 295.7 144.9 43.5 49.9 43.6 37
Cash Flow
Operating Cash Flow 108.0 61.9 7.1 5.5 41.0 39.2 31.3 12.3 3.1 0.4 16.1 (9.0) (5.6) (5.4) (24.8) (359.5) 21.8 (2) 2 0.3 2.3
Capital Expenditure (11.1) (9.2) (8.5) (9.2) (13.0) (32.2) (10.3) (7.0) (11.4) (15.1) (5.7) (6.3) (3.4) (3.3) (29.1) (29.9) (9.3) (4.7) (4.8) (6.7) (3.1)
Free Cash Flow 96.9 52.7 (1.4) (3.8) 28.0 7.0 21.0 5.2 (8.3) (14.7) 10.4 (15.3) (8.9) (8.7) (53.8) (389.4) 12.5 (6.7) (2.8) (6.4) (0.8)