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Harmonic stock: key metrics
HLITHarmonic had an operating margin of 4.7% and a return on invested capital (ROIC) of 1.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 41.0% | −1.5% | 0.4% |
| 2007 | 43.1% | 6.2% | 7.5% |
| 2008 | 48.6% | 10.8% | 17.5% |
| 2009 | 42.0% | −3.8% | −7.6% |
| 2010 | 46.2% | 1.2% | −1.0% |
| 2011 | 46.3% | 2.1% | 1.6% |
| 2012 | 44.6% | −1.8% | −2.1% |
| 2013 | 47.7% | −5.0% | no data |
| 2014 | 49.0% | −5.0% | −10.7% |
| 2015 | 53.8% | −3.4% | −4.2% |
| 2016 | 49.5% | −16.5% | −17.8% |
| 2017 | 47.4% | −19.8% | −23.2% |
| 2018 | 51.8% | −1.2% | −5.2% |
| 2019 | 55.4% | 3.2% | −1.5% |
| 2020 | 51.5% | −3.3% | −7.7% |
| 2021 | 51.2% | 3.7% | 2.6% |
| 2022 | 50.5% | 7.3% | 4.5% |
| 2023 | 51.4% | 3.6% | 13.8% |
| 2024 | 53.9% | 9.3% | 5.8% |
| 2025 | 45.4% | 4.7% | no data |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 0.7% | −4.4% | 0.4% |
| 2007 | 7.0% | 29.8% | 4.9% |
| 2008 | 15.4% | 51.6% | 11.3% |
| 2009 | −5.9% | −8.3% | −4.2% |
| 2010 | −0.8% | 0.9% | −0.6% |
| 2011 | 1.6% | 2.2% | 1.2% |
| 2012 | −2.0% | −1.9% | −1.5% |
| 2013 | no data | −5.4% | no data |
| 2014 | −12.4% | −5.8% | −9.6% |
| 2015 | −4.8% | −3.8% | −3.0% |
| 2016 | −26.7% | −17.5% | −13.1% |
| 2017 | −38.0% | −17.9% | −16.3% |
| 2018 | −9.2% | −1.3% | −4.1% |
| 2019 | −2.3% | 3.2% | −1.0% |
| 2020 | −11.3% | −2.9% | −4.9% |
| 2021 | 4.5% | 5.4% | 1.9% |
| 2022 | 8.7% | 7.7% | 4.0% |
| 2023 | 19.2% | 4.9% | 10.9% |
| 2024 | 8.4% | 8.4% | 4.9% |
| 2025 | no data | 1.9% | no data |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 27 Oct 2026)
- Valuation signal Undervalued since 8 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.