Harmonic Inc (HLIT)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	86,655	43,393	-634	4,476	22,145	29,016	49,043	54,163	46,751	45,420	39,367	26,421	18,809	20,438	13,446	1,756	-12,449	-22,518	1,652	3,442
Revenue (ttm)	US$ in thousands	678,722	623,648	555,095	572,318	607,907	605,149	633,684	635,167	624,957	616,427	587,010	543,012	507,149	482,873	451,444	411,990	378,831	369,481	390,314	401,185
Operating profit margin		12.77%	6.96%	-0.11%	0.78%	3.64%	4.79%	7.74%	8.53%	7.48%	7.37%	6.71%	4.87%	3.71%	4.23%	2.98%	0.43%	-3.29%	-6.09%	0.42%	0.86%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $86,655K ÷ $678,722K
= 12.77%

Harmonic Inc's operating profit margin has shown fluctuating trends over the past few years. Starting from the first quarter of 2020, the company's operating profit margin was just 0.86%, which dropped to 0.42% in the second quarter of the same year. However, in the following quarters of 2020, the margin turned negative, indicating that the company's operating expenses were surpassing its operating income.

The trend started to improve in March 2021, with an operating profit margin of 0.43%, and continued to rise in the subsequent quarters of 2021 and into 2022. By the end of June 2022, Harmonic Inc's operating profit margin had reached 6.71% and continued to climb to 7.48% by the end of December 2022.

In the first quarter of 2023, the operating profit margin further improved to 8.53%, reflecting stronger operational efficiency. However, the margin experienced a slight decline in the following quarters of 2023, dropping to 3.64% by the end of December.

The trend reversed in the first half of 2024, with the operating profit margin turning negative in the second quarter but bouncing back significantly to 12.77% by the end of December 2024, marking a substantial improvement in profitability.

Overall, Harmonic Inc's operating profit margin has shown variability over the years, with periods of improvement and decline. Investors and stakeholders should closely monitor these fluctuations to assess the company's operational performance and financial health accurately.