Saturday 17 October 2026
Export HLIT’s income statement to Excel — free account
Harmonic Inc.
HLIT Technology Communication Equipment
In the quarter to June 2026, revenue grew 53.6%, EPS fell 166.7%, free cash flow grew 54.6% and total debt fell 11.8%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
10.69
0.11
+1.04%
Follow HLIT
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 38.91 | 17.48 | 49.42 | 94.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
3 | 6 | 5 | 5 | 6 | 3 | 5 | 6 | 2 | 4 |
P/S ratio |
3.12 | 3.12 | 3.79 | 2.20 | 2.35 | 1.89 | 1.73 | 1.00 | 0.95 | 1.01 |
Altman Z-Score |
(0.97) | 0.81 | (0.21) | (0.76) | (1.42) | (2.93) | (2.81) | (3.91) | (4.65) | (3.68) |
P/FCF ratio |
11.60 | 28.88 | 0.00 | 0.00 | 42.56 | 102.99 | 33.32 | 77.12 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(5.38) | (2.82) | (6.18) | (7.87) | (7.92) | (9.90) | (9.90) | (11.64) | (12.97) | (10.59) |
Beneish M-Score |
(3.72) | (2.74) | (1.11) | (2.05) | (2.37) | (3.14) | (2.76) | (2.67) | (3.43) | (2.85) |
P/Operating CF |
91.48 | 31.38 | 234.81 | 71.19 | 162.13 | 17.23 | 23.17 | 61.07 | 37.65 | 31.20 |
P/B ratio |
2.93 | 3.27 | 3.37 | 4.25 | 4.03 | 2.77 | 2.77 | 1.77 | 1.56 | 1.51 |
Price to Tangible BV |
3.49 | 3.77 | 7.44 | 15.88 | 21.43 | 48.99 | 85.15 | 0.00 | 0.00 | 98.76 |
EV/Sales |
3.08 | 3.15 | 3.92 | 2.28 | 2.41 | 2.05 | 1.90 | 1.17 | 1.16 | 1.14 |
EV/EBITDA |
13.45 | 17.68 | 36.04 | 24.66 | 30.62 | 64.39 | 14.45 | 20.08 | 0.00 | 0.00 |
EV/Operating CF |
10.30 | 24.81 | 215.86 | 260.17 | 29.79 | 19.83 | 24.48 | 38.52 | 135.37 | 1,056.09 |
EV/FCF |
11.48 | 29.13 | (1,076.11) | (377.50) | 43.58 | 111.63 | 36.54 | 90.31 | (49.76) | (31.53) |
Quick Ratio |
1.06 | 1.28 | 0.83 | 0.61 | 0.99 | 1.12 | 0.95 | 1.08 | 0.89 | 1.03 |
Current Ratio |
2.50 | 2.94 | 1.21 | 1.07 | 1.44 | 1.62 | 1.31 | 1.44 | 1.21 | 1.50 |
Net Debt/EBITDA |
(0.15) | 0.15 | (1.74) | 0.81 | 0.72 | 4.98 | 1.27 | 2.91 | (1.76) | (2.18) |
Debt/Assets |
15.60% | 14.35% | 1.37% | 19.25% | 23.35% | 26.83% | 27.33% | 26.36% | 25.92% | 22.46% |
Debt/Equity |
0.29 | 0.25 | 0.02 | 0.42 | 0.55 | 0.61 | 0.64 | 0.59 | 0.60 | 0.46 |
Asset Turnover |
0.48 | 0.62 | 0.53 | 0.89 | 0.79 | 0.64 | 0.73 | 0.79 | 0.67 | 0.75 |
Operating CF/Net income |
(2.49) | 1.58 | 0.08 | 0.19 | 3.09 | (1.34) | (5.28) | (0.58) | (0.04) | (0.01) |
Capex/Depreciation |
(0.16) | (0.76) | (0.69) | (0.75) | (0.61) | (1.31) | (0.26) | (0.25) | (0.40) | (0.39) |
Interest Coverage |
3.71 | 11.56 | 14.81 | 9.03 | 1.77 | (1.08) | 1.12 | (0.44) | (6.40) | (6.31) |
| (10.21%) | 8.69% | 22.06% | 9.08% | 4.78% | (11.46%) | (2.46%) | (9.42%) | (33.93%) | (24.15%) | |
| (5.72%) | 5.01% | 11.36% | 4.02% | 2.06% | (4.97%) | (1.08%) | (4.13%) | (15.62%) | (13.40%) | |
ROIC |
2.37% | 9.77% | 5.17% | 7.66% | 3.62% | (2.44%) | 2.56% | (1.05%) | (15.12%) | (12.60%) |
Return on Tangible Assets |
(13.45%) | 9.85% | 88.40% | 44.70% | 9.37% | (21.86%) | (7.19%) | (25.46%) | (140.72%) | (69.46%) |
Average Days of Receivables |
87.00 | 107.45 | 132.98 | 63.33 | 63.72 | 63.81 | 80.18 | 73.98 | 71.16 | 78.02 |
Research and Development Expense of Revenue |
21.17% | 14.87% | 17.94% | 19.25% | 20.16% | 21.78% | 21.00% | 22.09% | 26.79% | 24.24% |
Selling, General and Administrative Expense of Revenue |
22.57% | 16.22% | 20.15% | 23.48% | 27.23% | 31.57% | 29.55% | 29.48% | 38.04% | 35.57% |
Intangible Assets out of Total Assets |
0.08 | 0.08 | 0.31 | 0.33 | 0.35 | 0.41 | 0.42 | 0.50 | 0.52 | 0.48 |
Share Based Compensation of Revenue |
8.84% | 5.75% | 7.03% | 4.03% | 4.74% | 4.76% | 3.00% | 4.28% | 4.64% | 3.22% |
Graham Net Nets |
0.14 | 0.15 | 0.00 | (0.03) | (0.06) | (0.13) | (0.12) | (0.21) | (0.35) | (0.16) |
Graham Number |
0.00 | 5.56 | 8.15 | 4.29 | 2.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(3.94%) | 2.57% | 5.72% | 2.02% | 1.06% | (4.19%) | (0.90%) | (5.08%) | (24.29%) | (17.90%) |
Free Cash Flow Yield |
8.62% | 3.46% | (0.10%) | (0.27%) | 2.35% | 0.97% | 3.00% | 1.30% | (2.45%) | (3.60%) |
Revenue per Share |
3.17 | 4.24 | 3.48 | 5.95 | 5.00 | 3.91 | 4.50 | 4.71 | 4.42 | 5.22 |
Operating CF per Share |
0.95 | 0.54 | 0.06 | 0.05 | 0.40 | 0.40 | 0.35 | 0.14 | 0.04 | 0.01 |
Capex per Share |
(0.10) | (0.08) | (0.08) | (0.09) | (0.13) | (0.33) | (0.12) | (0.08) | (0.14) | (0.19) |
Free Cash Flow per Share |
0.85 | 0.46 | (0.01) | (0.04) | 0.28 | 0.07 | 0.23 | 0.06 | (0.10) | (0.19) |
Cash per Share |
1.09 | 0.88 | 0.75 | 0.85 | 1.31 | 1.02 | 1.04 | 0.77 | 0.70 | 0.81 |
Shareholders Equity per Share |
3.37 | 4.04 | 3.91 | 3.09 | 2.92 | 2.66 | 2.82 | 2.67 | 2.70 | 3.48 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.37 | 4.04 | 3.91 | 3.09 | 2.92 | 2.66 | 2.82 | 2.67 | 2.70 | 3.48 |
Free Cash Flow |
96.89 | 52.73 | (1.42) | (3.77) | 28.04 | 6.96 | 20.97 | 5.24 | (8.33) | (14.67) |
Working Capital |
296.42 | 372.86 | 58.34 | 23.23 | 98.67 | 90.74 | 59.46 | 60.30 | 29.69 | 71.94 |
Capital Expenditures |
(11.08) | (9.19) | (8.47) | (9.25) | (12.97) | (32.20) | (10.33) | (7.04) | (11.40) | (15.11) |
Net Current Asset Value |
159.13 | 233.89 | (0.60) | (40.21) | (74.65) | (95.19) | (83.52) | (85.88) | (117.94) | (66.59) |
EV/EBIT |
78.98 | 20.55 | 50.74 | 31.30 | 64.97 | 0.00 | 58.56 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.03 | 0.02 | 0.02 | 0.01 | 0.03 | 0.09 | 0.03 | 0.02 | 0.03 | 0.04 |
Price to Operating Income |
79.84 | 20.38 | 49.00 | 30.26 | 63.45 | 0.00 | 53.40 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
2.67 | 0.48 | 0.33 | 0.31 | 0.49 | 0.57 | 1.74 | 1.28 | 0.98 | 1.20 |
Cash ROIC |
15.64% | 7.74% | (0.27%) | (0.69%) | 4.74% | 1.35% | 4.14% | 1.22% | (2.05%) | (3.21%) |
Accounts Receivable Turnover |
3.14 | 3.42 | 3.11 | 6.35 | 6.55 | 4.90 | 4.73 | 5.32 | 4.58 | 5.19 |
Accounts Payable Turnover |
7.23 | 7.42 | 3.97 | 4.69 | 5.62 | 5.70 | 4.81 | 5.81 | 6.08 | 8.50 |
Inventory Turnover |
4.09 | 3.91 | 2.05 | 3.22 | 4.66 | 5.74 | 6.58 | 7.53 | 5.61 | 5.13 |
Average Days of Payables |
45.37 | 41.66 | 66.91 | 79.66 | 95.05 | 46.74 | 83.07 | 63.44 | 64.14 | 51.40 |
Days of Inventory on Hand |
93.99 | 63.35 | 145.72 | 142.83 | 105.03 | 69.55 | 58.94 | 48.15 | 50.32 | 73.29 |
Average Receivables |
114.83 | 142.63 | 124.98 | 98.48 | 77.38 | 77.36 | 85.15 | 75.82 | 78.30 | 78.14 |
Average Payables |
25.71 | 33.44 | 53.01 | 65.94 | 43.99 | 32.24 | 37.36 | 33.45 | 31.00 | 24.13 |
Average Inventory |
45.45 | 63.52 | 102.47 | 96.07 | 53.11 | 32.04 | 27.34 | 25.81 | 33.58 | 40.01 |
Average Assets |
757.49 | 782.36 | 739.11 | 701.85 | 642.60 | 589.43 | 549.08 | 509.45 | 531.06 | 539.51 |
Average Common Equity |
424.25 | 451.07 | 380.69 | 310.21 | 277.11 | 255.37 | 240.35 | 223.30 | 244.49 | 299.40 |
Columns are period end dates