Harmonic (HLIT) Return on Invested Capital [ROIC] (2016 - 2026)
Harmonic's Return on Invested Capital [ROIC] came in at 4.65% for Q2 2026, down 8.96 percentage points from 13.61% a year earlier but up 4.29 percentage points from the prior quarter.
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Analysis
Harmonic (HLIT) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025, Harmonic's Return on Invested Capital [ROIC] was 0.36%, down 8.84 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +4.47 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 9.20% in FY2024 (+3.32 pp), 5.88% in FY2023 (-1.28 pp), 7.16% in FY2022 (+1.31 pp) and 5.85% in FY2021 (+9.97 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 0.00% (Q2 2024) to 13.61% (Q2 2025).
- Year-over-year, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of +0.84 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2025 (a gain of 13.61 percentage points), and the weakest in Q3 2023 (a drop of 11.21 percentage points).
- Business Quant data shows HLIT's Return on Invested Capital [ROIC] at 0.36% (Q1 2026), 1.20% (Q4 2025) and 9.56% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | - |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 73.74% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 66.09% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 40.01% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.73% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 8.09% |
| 10 | Harmonic | 1.22 Bn | 625.46 Mn | 69.89 Mn | 4.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 4.65% |
| Apr 3, 2026 | 0.36% |
| Dec 31, 2025 | 1.20% |
| Sep 26, 2025 | 9.56% |
| Jun 27, 2025 | 13.61% |
| Mar 28, 2025 | 11.15% |
| Dec 31, 2024 | 9.35% |
| Sep 27, 2024 | 5.21% |
| Jun 28, 2024 | 0.00% |
| Mar 29, 2024 | 1.69% |
| Dec 31, 2023 | 5.82% |
| Sep 29, 2023 | 1.52% |
| Jun 30, 2023 | 5.10% |
| Mar 31, 2023 | 7.70% |
| Dec 31, 2022 | 7.18% |
| Sep 30, 2022 | 12.74% |
| Jul 1, 2022 | 11.21% |
| Apr 1, 2022 | 7.35% |
| Dec 31, 2021 | 5.58% |
| Oct 1, 2021 | 4.67% |
API Access
Harmonic Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=HLIT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=HLIT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();