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 | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 68.32% |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 15.92% |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | - |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 37.37% |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | 12.98% |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | - |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 82.33% |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 53.78% |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 5.57% |
| 10 | Harmonic | 1.09 Bn | 480.75 Mn | 77.12 Mn | 10.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 10.73% |
| Jul 3, 2026 | 6.08% |
| Apr 3, 2026 | 2.10% |
| Dec 31, 2025 | 0.36% |
| Sep 26, 2025 | 8.77% |
| Jun 27, 2025 | 13.46% |
| Mar 28, 2025 | 11.06% |
| Dec 31, 2024 | 9.28% |
| Sep 27, 2024 | 5.21% |
| Jun 28, 2024 | 0.00% |
| Mar 29, 2024 | 1.69% |
| Dec 31, 2023 | 5.79% |
| Sep 29, 2023 | 1.51% |
| Jun 30, 2023 | 5.05% |
| Mar 31, 2023 | 7.62% |
| Dec 31, 2022 | 7.10% |
| Sep 30, 2022 | 12.57% |
| Jul 1, 2022 | 11.05% |
| Apr 1, 2022 | 7.30% |
| Dec 31, 2021 | 5.54% |
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();