Is the business good?
How good a business is HLIT?
Harmonic Inc. earns 5.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.4%
Return on invested capital · cost of capital 9.0% · 3.6 points below what the capital costs: growth destroys value
- Share count, year on year
- −5.5%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −3.3% |
| FY2021 | 3.7% |
| FY2022 | 7.3% |
| FY2023 | 7.7% |
| FY2024 | 15% |
| FY2025 | 3.9% |
Details›
- Free cash flow, trailing twelve months
- $45M
- Net income, trailing twelve months
- −$42M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Communication Equipment
Ranks #3 of 21 by Smart Score