TORVANTA
Other · S&P 500 · data as of 2026-10-05

HLIT stock analysis: HLIT

HLIT (HLIT) is an S&P 500 company in Other. It grades weakest on momentum, value and growth.

The model's view of HLIT · subscribers

Where HLIT ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with HLIT · updated 2026-10-05 · from prices and SEC filings

HLIT price performance

HLIT against the S&P 500, one year
+0%+25%+50%+75%S&P 500 +18%HLIT +12%2025-09-292026-10-05
Year to date+13.5%S&P 500 +14.5% · behind by 1.1 pts
1 year+5.0%S&P 500 +17.0% · behind by 12.1 pts
3 years+22.8%S&P 500 +89.3% · behind by 66.5 pts
5 years+28.8%S&P 500 +91.3% · behind by 62.5 pts

Total returns with dividends reinvested.

HLIT factor grades

Each grade compares HLIT with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

DValueFCF yield 0.1% (industry 6.0%)
FGrowthRevenue growth -50% (industry +8%)EPS growth -169% (industry +10%)
CProfitabilityOperating margin 12.8% (industry 9.6%)ROIC 12.0% (industry 10.1%)
D+Momentum12-month change +5%From 52-wk high -34%

HLIT in plain numbers

HLIT key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$1.2B
Revenue growth (y/y)-50%
Free-cash-flow yield0.1%
Dividend yieldn/a
Next earnings (expected)2026-11-02
Valuation measures
Market value$1.2B
Enterprise value$1.1B
Price / sales3.6x
Price / book3.4x
EV / revenue3.2x
EV / EBITDA25.0x
Financial highlights
Revenue, last 12 months$344.5M
Net income, last 12 months-$47.1M
EPS, last 12 months (GAAP)$-0.41
Gross margin45.2%
Operating margin12.8%
Net margin-13.7%
Return on equity-11.7%
Return on invested capital12.0%
Cash$231.9M
Total debt$110.6M
Debt / equity0.31x
Free cash flow, last 12 months$1.4M
Interest cover13.7x
Current ratio3.05x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

HLIT earnings trends

Revenue vs earnings
-$54.8M$14.4M$83.7M$152.9M$222.2MSep 2024 Revenue: $195.8MDec 2024 Revenue: $222.2MMar 2025 Revenue: $133.1MJun 2025 Revenue: $138.0MSep 2025 Revenue: $142.4MDec 2025 Revenue: -$53.0MMar 2026 Revenue: $121.7MJun 2026 Revenue: $133.5MSep 2024 Net income: $21.7MDec 2024 Net income: $38.1MMar 2025 Net income: $5.9MJun 2025 Net income: $2.9MSep 2025 Net income: $2.7MDec 2025 Net income: -$54.8MMar 2026 Net income: $7.3MJun 2026 Net income: -$2.3MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 11.1%Net margin: 17.2%Net margin: 4.5%Net margin: 2.1%Net margin: 1.9%Net margin: 103.4%Net margin: 6.0%Net margin: -1.7%-2%51%103%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.5$-0.3$-0.1$0.1$0.3Sep 2024 EPS (GAAP, diluted): $0.2Dec 2024 EPS (GAAP, diluted): $0.3Mar 2025 EPS (GAAP, diluted): $0.1Jun 2025 EPS (GAAP, diluted): $0.0Sep 2025 EPS (GAAP, diluted): $0.0Dec 2025 EPS (GAAP, diluted): $-0.5Mar 2026 EPS (GAAP, diluted): $0.1Jun 2026 EPS (GAAP, diluted): $-0.0Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -89% · Dec 2025 -250% · Mar 2026 +40% · Jun 2026 -167%

From the company's 10-Q and 10-K filings with the SEC.

HLIT financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$507.1M$625.0M$607.9M$678.7M$360.5M
Net income$13.3M$28.2M$84.0M$39.2M-$43.3M
EPS (GAAP)$0.12$0.26$0.71$0.33$-0.38
Free cash flow$28.0M-$3.8M-$1.4M$52.7M$96.9M

HLIT earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-12$-0.02-167%-3%+13.3%
2026-05-11$0.07+40%-9%+1.0%
2026-02-19$-0.48-250%-124%+2.8%
2025-11-03$0.02-89%-27%-1.5%
2025-07-28$0.03n/a-1%-2.8%
2025-04-28$0.05n/a+9%+1.7%

About HLIT

HeadquartersSan Jose, CA
Industry (SEC code)Radio & Tv Broadcasting & Communications Equipment
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyHARMONIC INC, HARMONIC LIGHTWAVES INC

From the company's SEC registration record.

Companies similar to HLIT

CompanyMarket valueP/ERevenue growthOperating margin12-month change
HLIT HLIT$1.2Bn/a-50%12.8%+5%
PRG PRG$1.2B8.6x+3%8.5%-2%compare
EPC EPC$1.2Bn/a-7%-0.6%+35%compare
XPEL XPEL$1.2B22.8x+13%13.5%+34%compare
FUN FUN$1.2Bn/a-3%-44.2%-49%
CXM CXM$1.2B52.3x+6%5.3%-33%
VTOL VTOL$1.2B11.7x+8%10.0%+11%

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Frequently asked questions

Is HLIT stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HLIT are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does HLIT report earnings next?

Based on its filing history, Torvanta expects HLIT to report around 2026-11-02.

How has HLIT performed against the S&P 500?

Over the past year HLIT returned +5.0%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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