Harmonic Inc (HLIT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 365,921 | 312,545 | 315,884 | 259,742 | 194,997 |
| Revenue | US$ in thousands | 678,722 | 607,907 | 624,957 | 507,149 | 378,831 |
| Gross profit margin | 53.91% | 51.41% | 50.54% | 51.22% | 51.47% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $365,921K ÷ $678,722K
= 53.91%
Harmonic Inc's gross profit margin demonstrates a relatively stable trend over the years, with slight fluctuations. In 2020, the gross profit margin stood at 51.47%, showing a slight decline to 51.22% in 2021. This decrease continued into 2022, reaching 50.54%. However, the company managed to improve its performance in 2023, with the gross profit margin increasing to 51.41%. Notably, in 2024, Harmonic Inc saw a significant improvement in its gross profit margin, reaching 53.91%.
Overall, Harmonic Inc's gross profit margin performance indicates some variability, although the company was able to bounce back and achieve a noteworthy increase in 2024. This upward trend in the gross profit margin may suggest enhanced efficiency in managing production costs and pricing strategies, potentially leading to improved profitability for the company.
Peer comparison
Dec 31, 2024