Harmonic Inc (HLIT) - Net Assets
Based on the latest financial reports, Harmonic Inc (HLIT) has net assets worth $355.15 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($705.31 Million) and total liabilities ($350.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Harmonic Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $355.15 Million |
| % of Total Assets | 50.35% |
| Annual Growth Rate | 8.1% |
| 5-Year Change | 29.13% |
| 10-Year Change | 41.61% |
| Growth Volatility | 54.91 |
Harmonic Inc - Net Assets Trend (1995–2025)
This chart illustrates how Harmonic Inc's net assets have evolved over time, based on quarterly financial data. Also explore Harmonic Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Harmonic Inc (1995–2025)
The table below shows the annual net assets of Harmonic Inc from 1995 to 2025. For live valuation and market cap data, see how much is Harmonic Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $383.25 Million | -17.63% |
| 2024-12-31 | $465.26 Million | +6.50% |
| 2023-12-31 | $436.87 Million | +34.63% |
| 2022-12-31 | $324.51 Million | +9.34% |
| 2021-12-31 | $296.80 Million | +14.90% |
| 2020-12-31 | $258.30 Million | +2.32% |
| 2019-12-31 | $252.45 Million | +10.60% |
| 2018-12-31 | $228.25 Million | +4.54% |
| 2017-12-31 | $218.34 Million | -19.32% |
| 2016-12-31 | $270.64 Million | -17.53% |
| 2015-12-31 | $328.17 Million | -11.74% |
| 2014-12-31 | $371.81 Million | -24.65% |
| 2013-12-31 | $493.46 Million | -10.83% |
| 2012-12-31 | $553.41 Million | -1.93% |
| 2011-12-31 | $564.32 Million | +8.48% |
| 2010-12-31 | $520.20 Million | +27.67% |
| 2009-12-31 | $407.47 Million | -1.65% |
| 2008-12-31 | $414.32 Million | +23.89% |
| 2007-12-31 | $334.41 Million | +130.42% |
| 2006-12-31 | $145.13 Million | +28.46% |
| 2005-12-31 | $112.98 Million | +2.19% |
| 2004-12-31 | $110.56 Million | +4.14% |
| 2003-12-31 | $106.16 Million | +70.72% |
| 2002-12-31 | $62.18 Million | -53.96% |
| 2001-12-31 | $135.05 Million | -54.33% |
| 2000-12-31 | $295.70 Million | +104.07% |
| 1999-12-31 | $144.90 Million | +233.10% |
| 1998-12-31 | $43.50 Million | -12.83% |
| 1997-12-31 | $49.90 Million | +14.45% |
| 1996-12-31 | $43.60 Million | +17.84% |
| 1995-12-31 | $37.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harmonic Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 205950600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $111.00K | 0.03% |
| Other Comprehensive Income | $-6.64 Million | -1.73% |
| Other Components | $2.47 Billion | 643.50% |
| Total Equity | $383.25 Million | 100.00% |
Harmonic Inc Competitors by Market Cap
The table below lists competitors of Harmonic Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou MDK Opto Electronic Corp. Ltd. A
SHG:688079
|
$1.39 Billion |
|
CHINA EAST ED HLDGS LTD
F:ZX3
|
$1.39 Billion |
|
Shanghai Cooltech Power Co Ltd
SHE:300153
|
$1.39 Billion |
|
Jaiprakash Power Ventures Limited
NSE:JPPOWER
|
$1.39 Billion |
|
Hunan Friendship&Apollo Commercial Co Ltd
SHE:002277
|
$1.39 Billion |
|
Aotecar New Energy Technology Co Ltd
SHE:002239
|
$1.39 Billion |
|
Afry AB
ST:AFRY
|
$1.39 Billion |
|
Republic Bancorp Inc
NASDAQ:RBCAA
|
$1.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harmonic Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 465,258,000 to 383,246,000, a change of -82,012,000 (-17.6%).
- Net loss of 43,310,000 reduced equity.
- Share repurchases of 79,027,000 reduced equity.
- New share issuances of 5,983,000 increased equity.
- Other comprehensive income increased equity by 7,461,000.
- Other factors increased equity by 26,881,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-43.31 Million | -11.3% |
| Share Repurchases | $79.03 Million | -20.62% |
| Share Issuances | $5.98 Million | +1.56% |
| Other Comprehensive Income | $7.46 Million | +1.95% |
| Other Changes | $26.88 Million | +7.01% |
| Total Change | $- | -17.63% |
Book Value vs Market Value Analysis
This analysis compares Harmonic Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.53x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.36x to 4.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $1.62 | $15.20 | x |
| 1996-12-31 | $1.90 | $15.20 | x |
| 1997-12-31 | $2.40 | $15.20 | x |
| 1998-12-31 | $0.94 | $15.20 | x |
| 1999-12-31 | $4.68 | $15.20 | x |
| 2000-12-31 | $6.09 | $15.20 | x |
| 2001-12-31 | $2.31 | $15.20 | x |
| 2002-12-31 | $1.04 | $15.20 | x |
| 2003-12-31 | $1.70 | $15.20 | x |
| 2004-12-31 | $1.51 | $15.20 | x |
| 2005-12-31 | $1.54 | $15.20 | x |
| 2006-12-31 | $1.93 | $15.20 | x |
| 2007-12-31 | $4.02 | $15.20 | x |
| 2008-12-31 | $4.34 | $15.20 | x |
| 2009-12-31 | $4.25 | $15.20 | x |
| 2010-12-31 | $5.13 | $15.20 | x |
| 2011-12-31 | $4.85 | $15.20 | x |
| 2012-12-31 | $4.75 | $15.20 | x |
| 2013-12-31 | $4.58 | $15.20 | x |
| 2014-12-31 | $4.02 | $15.20 | x |
| 2015-12-31 | $3.75 | $15.20 | x |
| 2016-12-31 | $3.48 | $15.20 | x |
| 2017-12-31 | $2.70 | $15.20 | x |
| 2018-12-31 | $2.67 | $15.20 | x |
| 2019-12-31 | $2.82 | $15.20 | x |
| 2020-12-31 | $2.66 | $15.20 | x |
| 2021-12-31 | $2.80 | $15.20 | x |
| 2022-12-31 | $2.89 | $15.20 | x |
| 2023-12-31 | $3.72 | $15.20 | x |
| 2024-12-31 | $3.96 | $15.20 | x |
| 2025-12-31 | $3.36 | $15.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harmonic Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.01%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.87x
- Recent ROE (-11.30%) is above the historical average (-28.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.08% | 10.46% | 0.94x | 1.13x | $400.00K |
| 1996 | 13.53% | 9.69% | 1.12x | 1.25x | $1.54 Million |
| 1997 | 9.82% | 6.59% | 1.26x | 1.18x | $-90.00K |
| 1998 | -49.43% | -25.63% | 1.34x | 1.43x | $-25.85 Million |
| 1999 | 16.36% | 12.87% | 0.99x | 1.28x | $9.21 Million |
| 2000 | -559.35% | -628.79% | 0.62x | 1.44x | $-1.68 Billion |
| 2001 | -123.22% | -81.65% | 0.86x | 1.76x | $-179.91 Million |
| 2002 | -123.70% | -41.21% | 1.07x | 2.79x | $-83.14 Million |
| 2003 | -27.72% | -16.15% | 0.81x | 2.12x | $-40.05 Million |
| 2004 | 1.42% | 0.63% | 1.02x | 2.19x | $-9.48 Million |
| 2005 | -5.07% | -2.23% | 1.14x | 2.00x | $-17.03 Million |
| 2006 | 0.69% | 0.41% | 0.88x | 1.94x | $-13.51 Million |
| 2007 | 7.00% | 7.53% | 0.65x | 1.42x | $-10.02 Million |
| 2008 | 15.45% | 17.53% | 0.65x | 1.36x | $22.56 Million |
| 2009 | -5.92% | -7.55% | 0.56x | 1.40x | $-64.89 Million |
| 2010 | -0.83% | -1.02% | 0.59x | 1.38x | $-56.36 Million |
| 2011 | 1.56% | 1.60% | 0.75x | 1.30x | $-47.65 Million |
| 2012 | -1.98% | -2.06% | 0.74x | 1.30x | $-66.28 Million |
| 2013 | 7.50% | 8.02% | 0.76x | 1.23x | $-12.32 Million |
| 2014 | -12.44% | -10.67% | 0.90x | 1.29x | $-83.43 Million |
| 2015 | -4.77% | -4.15% | 0.72x | 1.60x | $-48.48 Million |
| 2016 | -26.72% | -17.82% | 0.73x | 2.05x | $-99.38 Million |
| 2017 | -37.99% | -23.16% | 0.71x | 2.33x | $-104.79 Million |
| 2018 | -9.22% | -5.21% | 0.79x | 2.24x | $-43.86 Million |
| 2019 | -2.35% | -1.47% | 0.69x | 2.33x | $-31.17 Million |
| 2020 | -11.33% | -7.73% | 0.64x | 2.29x | $-55.10 Million |
| 2021 | 4.47% | 2.61% | 0.73x | 2.34x | $-16.43 Million |
| 2022 | 8.68% | 4.51% | 0.88x | 2.19x | $-4.27 Million |
| 2023 | 19.23% | 13.82% | 0.79x | 1.76x | $40.31 Million |
| 2024 | 8.43% | 5.78% | 0.85x | 1.71x | $-7.31 Million |
| 2025 | -11.30% | -12.01% | 0.50x | 1.87x | $-81.63 Million |
Industry Comparison
This section compares Harmonic Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $207,577,340
- Average return on equity (ROE) among peers: -34.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harmonic Inc (HLIT) | $355.15 Million | 11.08% | 0.99x | $1.39 Billion |
| Applied Opt (AAOI) | $20.68 Million | -25.77% | 1.60x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $604.61 Million | 7.57% | 0.31x | $1.27 Billion |
| Airgain Inc (AIRG) | $45.15 Million | -5.72% | 0.17x | $58.36 Million |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $556.32K | 82.02% | 0.41x | $75.54 Million |
| Actelis Networks Inc. (ASNS) | $3.27 Million | -336.36% | 3.54x | $751.85K |
| Ast Spacemobile Inc (ASTS) | $207.56 Million | -5.24% | 0.12x | $22.55 Billion |
| Aviat Networks Inc (AVNW) | $255.88 Million | 4.21% | 1.09x | $204.57 Million |
| Belden Inc (BDC) | $819.24 Million | 1.85% | 0.70x | $4.17 Billion |
| BK Technologies Inc (BKTI) | $32.60 Million | 3.37% | 0.76x | $310.35 Million |
About Harmonic Inc
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf pr… Read more