Harmonic (HLIT) Invested Capital (2015 - 2026)
Harmonic's Invested Capital came in at $470.96 million for Q2 2026, down 16.7% from $565.27 million a year earlier but up 1.0% from the prior quarter.
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Analysis
Harmonic (HLIT) Invested Capital (2015 - 2026) Analysis & Trends
For FY2025, Harmonic's Invested Capital was $495.33 million, down 15.3% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
- Going back by year, Invested Capital was $584.48 million in FY2024 (+3.1%), $567.17 million in FY2023 (+24.8%), $454.4 million in FY2022 (+29.6%) and $350.72 million in FY2021 (+20.1%).
- The five-year range for quarterly Invested Capital is $323.81 million (Q3 2021) to $584.48 million (Q4 2024).
- Year-over-year, Invested Capital has declined for three consecutive quarters, with an average decline of 1.4% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2023 (growth of 37.8%), and the weakest in Q1 2026 (a decline of 17.4%).
- Business Quant data shows HLIT's Invested Capital at $466.5 million (Q1 2026), $495.33 million (Q4 2025) and $561.59 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 191.86 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 79.82 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 33.04 Bn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | - |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 15.74 Bn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 5.73 Bn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 9.92 Bn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 60.06 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 6.28 Bn |
| 10 | Harmonic | 1.22 Bn | 625.46 Mn | 69.89 Mn | 470.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 470.96 Mn |
| Apr 3, 2026 | 466.50 Mn |
| Dec 31, 2025 | 495.33 Mn |
| Sep 26, 2025 | 561.59 Mn |
| Jun 27, 2025 | 565.27 Mn |
| Mar 28, 2025 | 565.03 Mn |
| Dec 31, 2024 | 584.48 Mn |
| Sep 27, 2024 | 548.99 Mn |
| Jun 28, 2024 | 515.91 Mn |
| Mar 29, 2024 | 534.53 Mn |
| Dec 31, 2023 | 567.17 Mn |
| Sep 29, 2023 | 465.45 Mn |
| Jun 30, 2023 | 467.77 Mn |
| Mar 31, 2023 | 461.34 Mn |
| Dec 31, 2022 | 454.40 Mn |
| Sep 30, 2022 | 348.37 Mn |
| Jul 1, 2022 | 345.48 Mn |
| Apr 1, 2022 | 334.91 Mn |
| Dec 31, 2021 | 350.72 Mn |
| Oct 1, 2021 | 323.81 Mn |
API Access
Harmonic Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=HLIT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "HLIT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=HLIT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();