Harmonic Inc (HLIT)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 83,994 | 6,284 | 21,519 | 34,804 | 28,182 | 41,908 | 34,698 | 17,849 | 13,254 | 6,862 | -49 | -13,441 | -29,271 | -37,166 | -20,128 | -16,572 | -5,924 | -8,164 | -27,579 | -18,647 |
| Revenue (ttm) | US$ in thousands | 601,654 | 597,493 | 625,363 | 626,252 | 617,168 | 611,864 | 581,045 | 535,811 | 500,824 | 470,444 | 438,894 | 398,174 | 364,172 | 361,941 | 376,886 | 388,697 | 388,955 | 380,432 | 371,146 | 385,534 |
| Net profit margin | 13.96% | 1.05% | 3.44% | 5.56% | 4.57% | 6.85% | 5.97% | 3.33% | 2.65% | 1.46% | -0.01% | -3.38% | -8.04% | -10.27% | -5.34% | -4.26% | -1.52% | -2.15% | -7.43% | -4.84% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $83,994K ÷ $601,654K
= 13.96%
The net profit margin of Harmonic, Inc. has exhibited fluctuations over the past eight consecutive quarters. In Q4 2023, the net profit margin was 13.82%, a substantial improvement from the previous quarters. This significant increase suggests a strong ability to convert revenue into profit during that period. In comparison, Q3 2023 had a considerably lower net profit margin of 1.04%, indicating a sharp decline in profitability. The company's performance in Q2 2023 and Q1 2023 also showed variations, with net profit margins of 3.40% and 5.48%, respectively.
When looking at the same quarter in the previous year, Q4 2022 had a net profit margin of 4.51%, indicating an improvement in profitability over the year. However, the net profit margin in Q3 2022 was higher at 6.80%, followed by 5.91% in Q2 2022 and 3.29% in Q1 2022.
Overall, Harmonic, Inc.'s net profit margin has been inconsistent, with some quarters showing strong profitability and others falling short. It is essential for stakeholders to closely monitor this metric to assess the company's ability to generate profit relative to its revenue and to identify any underlying factors influencing these fluctuations.
Peer comparison
Dec 31, 2023