Harmonic Inc (HLIT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 39,217 | 83,994 | 28,182 | 13,254 | -29,271 |
| Revenue | US$ in thousands | 678,722 | 607,907 | 624,957 | 507,149 | 378,831 |
| Net profit margin | 5.78% | 13.82% | 4.51% | 2.61% | -7.73% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $39,217K ÷ $678,722K
= 5.78%
The net profit margin of Harmonic Inc has displayed some fluctuations over the past five years. In December 31, 2020, the company experienced a negative net profit margin of -7.73%, indicating that their expenses exceeded their revenues, resulting in a loss during that period. However, there was a notable turnaround in December 31, 2021, with a net profit margin of 2.61%, signaling an improvement in profitability.
Subsequently, the net profit margin further increased to 4.51% by December 31, 2022, reflecting a continued positive trend in the company's ability to generate profits relative to its revenue. In December 31, 2023, Harmonic Inc achieved a significant jump in net profit margin to 13.82%, indicating a substantial increase in profitability compared to the previous year.
However, by December 31, 2024, the net profit margin decreased to 5.78%, suggesting a slight decline in profitability compared to the peak in the previous year. Overall, while there have been fluctuations in net profit margin, Harmonic Inc showed improvements in profitability over the years, with a notable peak in 2023.
Peer comparison
Dec 31, 2024