Harmonic Inc (HLIT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,994 | 28,182 | 13,254 | -29,271 | -5,924 |
| Revenue | US$ in thousands | 603,758 | 619,917 | 501,650 | 359,569 | 385,878 |
| Net profit margin | 13.91% | 4.55% | 2.64% | -8.14% | -1.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $83,994K ÷ $603,758K
= 13.91%
The net profit margin of Harmonic, Inc. has been fluctuating over the past five years. In 2023, the net profit margin improved significantly to 13.82%, compared to 4.51% in 2022 and 2.61% in 2021. This indicates that the company was able to generate a higher percentage of profit from its revenue in 2023.
However, it is important to note that Harmonic, Inc. experienced a negative net profit margin in 2020 (-7.73%) and 2019 (-1.47%), which may reflect challenges or losses incurred during those years. Overall, the upward trend in net profit margin from 2020 to 2023 suggests improved profitability and efficiency in managing costs and generating income.
Peer comparison
Dec 31, 2023