Harmonic (HLIT) FCF Margin (2009 - 2026)
Harmonic (HLIT) posted FCF Margin of 24.89% for Q2 2026, up 237.3% on a QoQ basis from 18.13% in Q4 2025, and down 7236.0% year-over-year from 0.35% in Q2 2025.
Harmonic (HLIT) FCF Margin (2009 - 2026) Analysis & Trends
Harmonic's FCF Margin history runs 18 years deep, the most recent figure standing at 24.89% for Q2 2026.
- Quarterly FCF Margin fell 7236.0% year-over-year to 24.89% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 12.79% (down 1328.0% YoY) and the FY2025 annual result came in at 26.87%, up 1429.0% from the prior year.
- FCF Margin was 24.89% for Q2 2026 at Harmonic, up from 18.13% in the prior quarter.
- Across five years, FCF Margin topped out at 154.06% in Q4 2024 and bottomed at 20.29% in Q2 2022.
- A 5-year average of 16.1% and a median of 4.24% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin surged 15329 bps — and 2025, when it plunged 17219 bps.
- Harmonic's FCF Margin stood at 11.62% in 2022, then sank by 93 bps to 0.78% in 2023, then soared by 19759 bps to 154.06% in 2024, then slumped by 112 bps to 18.13% in 2025, then jumped by 237 bps to 24.89% in 2026.
- Business Quant data shows HLIT's FCF Margin at 24.89% in Q2 2026, 18.13% in Q4 2025, and 11.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 453.08 Bn | 436.44 Bn | 10.08 Bn | 21.10% |
| 2 | Motorola Solutions | 70.40 Bn | 69.51 Bn | 1.36 Bn | 14.33% |
| 3 | Hewlett Packard Enterprise | 64.04 Bn | 59.20 Bn | 9.10 Bn | 6.55% |
| 4 | Ciena | 53.20 Bn | 51.90 Bn | 625.52 Mn | 14.91% |
| 5 | Lumentum Holdings | 51.31 Bn | 48.14 Bn | 357.00 Mn | 9.78% |
| 6 | Nokia | 49.83 Bn | 42.52 Bn | 9.86 Bn | - |
| 7 | Ubiquiti | 32.53 Bn | 32.16 Bn | 370.71 Mn | 20.58% |
| 8 | Ericsson Lm Telephone | 32.22 Bn | 26.54 Bn | 2.53 Bn | 12.01% |
| 9 | AST SpaceMobile | 16.80 Bn | 16.80 Bn | 3.67 Mn | -2,101.51% |
| 10 | Harmonic | 1.24 Bn | 1.13 Bn | 63.62 Mn | 24.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 24.89% |
| Dec 31, 2025 | -18.13% |
| Sep 26, 2025 | 11.59% |
| Jun 27, 2025 | -8.53% |
| Mar 28, 2025 | 97.25% |
| Dec 31, 2024 | 154.06% |
| Sep 27, 2024 | 4.24% |
| Jun 28, 2024 | -15.89% |
| Mar 29, 2024 | 21.65% |
| Dec 31, 2023 | 0.78% |
| Sep 29, 2023 | 8.20% |
| Jun 30, 2023 | -10.79% |
| Mar 31, 2023 | 3.42% |
| Dec 31, 2022 | 11.62% |
| Sep 30, 2022 | -5.40% |
| Jul 1, 2022 | 15.01% |
| Apr 1, 2022 | -20.29% |
| Dec 31, 2021 | 11.03% |
| Oct 1, 2021 | 9.76% |
| Jul 2, 2021 | 8.86% |