Harmonic Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Harmonic Inc (HLIT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Harmonic Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 344M vs 1,925,007M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+55.1% annualized vs trailing 12 months), vs accelerating (+7.0%) for its tracked peer group.
- Growth: Harmonic Inc generated -3.1% revenue growth year over year in Q2 2026, vs 23.1% for its tracked competitors combined.
- Profitability: Its -1.7% net margin compares with 42.6% for the peer group.
- Scale: Harmonic Inc ranks #17 of 59 companies by market capitalization in the Consumer Electronics industry, holding 0.2% of industry market cap.
- Peer revenue share: Harmonic Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.64M compares with $0.71M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HLIT Sales vs. its Competitors, Q2 2026
Harmonic Inc reported revenue contraction of 3.14 % year on year in Q2 2026, below its competitors' combined revenue growth of 23.08 %.
With a net margin of -1.74 %, Harmonic Inc reported lower profitability than its competitors (42.60 %).
Harmonic Inc generated 0.03 % of the combined sales of its peer group, up from 0.03 % a year earlier.
Harmonic Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Harmonic Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Harmonic Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Harmonic Inc's competitor groups requires a Commercial License.
For context: the Consumer Electronics industry grew revenue -0.5% year over year, combined, vs -3.1% for Harmonic Inc. Harmonic Inc's share of combined industry revenue moved from 0.06% to 0.06%, a gain of 0.00 percentage points.
Harmonic Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Harmonic Inc | No | No | No | No |
| Competitors combined (72) | ||||
| High-Confidence Competitors (9) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HLIT Stock Performance relative to its Competitors
HLIT Stock Performance relative to High-Confidence Competitors
HLIT Stock Performance relative to Similar-Size Competitors
HLIT Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Emcore Corporation | 282.9% | Outperformed |
| 2 | Lumentum Holdings Inc | 282.9% | Outperformed |
| 3 | Maxlinear Inc | 282.9% | Outperformed |
| 4 | Dupont De Nemours Inc | 282.9% | Outperformed |
| 5 | Applied Optoelectronics Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Harmonic Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Harmonic Inc's Comment on Competition and Industry Peers
The markets for video infrastructure systems are extremely competitive and
have been characterized by rapid technological change and declining average
selling prices. The principal competitive factors in these markets include product
performance, functionality and features, reliability, pricing, breadth of product
offerings, brand recognition and awareness, sales and distribution capabilities,
technical support and services, and relationships with end customers. We believe
that we compete favorably in each of these categories.
Our competitors in our Video business segment include vertically integrated
system suppliers, such as Arris Group, Cisco Systems and Ericsson (which recently
announced the sale of majority stake in its video technology business to a private
equity firm), and, in certain product lines, other companies including ATEME
and Elemental Technologies (an Amazon Web Services company). With respect to
production and playout products, competitors include Evertz Microsystems, EVS,
Grass Valley (a Belden brand) and Imagine Communications. Our competitors in
our Cable Edge business include Arris, Casa Systems and Cisco Systems. In the
OTT market, our competitors include internally developed technologies and solutions
by companies such as Netflix, Facebook, Google and Microsoft, as well as end-to-end
online video platforms such as Brightcove, who provide comprehensive OTT infrastructure
solutions, some of which overlap with our products and services.
Consolidation in the industry has led to the acquisition of a number of our historic competitors over the last several years.
For example, Motorola Home, BigBand Networks and C-Cor were acquired by Arris; NDS and Scientific Atlanta were acquired by Cisco Systems; Envivio and Tandberg Television were acquired by Ericsson; Elemental Technologies was acquired by Amazon; and Miranda Technologies and Grass Valley were acquired by Belden Inc. Consequently, some of our principal competitors are substantially larger and have greater financial, technical, marketing and other resources than we have.
Publicly Traded Peers of Harmonic Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Harmonic Inc | 1,160.44 | 344.19 |
| Alphabet Inc | 4,174,720.44 | 445,866.00 |
| Amazon com Inc | 2,683,773.45 | 776,231.00 |
| Meta Platforms Inc | 1,836,280.92 | 228,248.00 |
| Broadcom Inc | 1,708,348.59 | 89,104.00 |
| Cisco Systems Inc | 425,572.38 | 63,325.00 |
| SUBTOTAL | 12,507,957.84 | 1,959,105.99 |
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Sources: Harmonic Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Harmonic Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Harmonic Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Calix Inc | Named by the company | 85% |
| Cisco Systems | Named by the company | 85% |
| Imagine Communications | Named by the company | 85% |
| Vecima Networks | Named by the company | 85% |
| Avid Technology Inc | Named by the company | 85% |
| Brightcove | Named by the company | 85% |
| Evertz Microsystems | Named by the company | 85% |
| MediaKind | Named by the company | 85% |
| Amazon Web Services (AWS) | Named by the company | 85% |
| CommScope | Named by the company | 85% |
| iStreamPlanet | Named by the company | 85% |
| Verizon Digital Media Services | Named by the company | 85% |
| Beamr Imaging Ltd | Named by the company | 85% |
| Casa Systems | Named by the company | 85% |
| Grass Valley | Named by the company | 85% |
| Synamedia | Named by the company | 85% |
| Adtran Holdings Inc | Named by the company | 85% |
| ATEME | Named by the company | 85% |
| Edgecast | Named by the company | 85% |
| Kaltura | Named by the company | 85% |
| Lipidviro Tech Inc | Named by the company | 85% |
| American Superconductor Corp | Named by the company | 85% |
| Encision Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Harmonic Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Harmonic Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Alphabet Inc | Google Services 85.60 % |
| Amazon com Inc | North America 57.75 % |
| Meta Platforms Inc | Family of Apps 99.29 % |
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Cisco Systems Inc | Americas 60.41 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Harmonic Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Harmonic Inc | 1,160 | 644,541 | -88,270 |
| Alphabet Inc | 4,174,720 | 9,645,768 | 5,283,078 |
| Amazon com Inc | 2,683,773 | 492,532 | 85,838 |
| Meta Platforms Inc | 1,836,281 | 2,894,161 | 863,476 |
| Broadcom Inc | 1,708,349 | 2,700,121 | 1,159,545 |
| Cisco Systems Inc | 425,572 | 768,507 | 161,007 |
| PEERS TOTAL | 12,506,797 | 710,631 | 197,410 |
Harmonic Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Harmonic Inc | Americas 90.37 % |
| Alphabet Inc | United States 47.77 % |
| Meta Platforms Inc | US & Canada 37.77 % |
| Broadcom Inc | Asia Pacific 60.15 % |
| Marvell Technology Inc | China 43.75 % |
| Amphenol Corporation | Other foreign locations 48.31 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Harmonic Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Harmonic Inc's industry classification, broader than the peer set above. Market cap in millions of $.Harmonic Inc ranks #17 of 54 companies by market capitalization in its industry, holding 0.18 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,778, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Qualcomm Inc | 200,416 | 30.74 % |
| 2 | Sony Group Corporation | 144,101 | 22.10 % |
| 3 | Motorola Solutions inc | 75,588 | 11.59 % |
| 4 | Nokia Corporation | 62,247 | 9.55 % |
| 5 | Ciena Corp | 1,234 | 5.2% |
| 6 | Ubiquiti Inc | 1,234 | 5.2% |
| 7 | Ericsson Lm Telephone Co | 1,234 | 5.2% |
| 8 | Fabrinet | 1,234 | 5.2% |
| 9 | Viasat Inc | 1,234 | 5.2% |
| 10 | Planet Labs Pbc | 1,234 | 5.2% |
| 17 | Harmonic Inc | 1,160 | 0.18 % |
Market cap and industry share for the rest of Harmonic Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Harmonic Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 12 | Knowles Corporation | 3,266 | 60.42 % |
| 13 | Imax Corporation | 3,175 | 77.13 % |
| 14 | Sonos Inc | 2,174 | 17.00 % |
| 15 | Arlo Technologies Inc | 1,396 | -26.43 % |
| 16 | Unusual Machines Inc | 1,234 | 12.3% |
| 17 | Harmonic Inc | 1,160 | 8.33 % |
| 18 | Eastman Kodak Company | 1,234 | 12.3% |
| 19 | Satellogic Inc | 1,234 | 12.3% |
| 20 | Blacksky Technology Inc | 1,234 | 12.3% |
| 21 | Gilat Satellite Networks Ltd | 1,234 | 12.3% |
| 22 | Netgear Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Harmonic Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Harmonic Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Consumer Electronics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 45.29 % | 34.70 % (avg) | +10.6 pp |
| Operating Margin | 12.83 % | industry median | +13.7 pp |
| EBITDA Margin | 14.41 % | -0.86 % (avg) | +15.3 pp |
| Capital Intensity (Capex / Revenue) | 2.44 % | 4.35 % (avg) | -1.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Harmonic Inc's Valuation vs Competitive Position
Valuation multiples vs the Consumer Electronics industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 45.3x | - |
| EV / EBITDA | 29.4x | 19.2x | +10.3x |
| P/B | 3.9x | 4.8x | -0.9x |
| Return on Equity | -12.23 % | industry aggregate | -41.77 % |
| Return on Invested Capital | 4.36 % | 3.80 % (avg) | 0.56 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Harmonic Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 12.65 % | -0.17 % | -5.97 % | 33.87 % | 23.22 % | -2.77 % | 11.58 % | -46.97 % |
| Operating Margin | -1.24 % | 3.25 % | -3.29 % | 3.71 % | 7.28 % | 3.65 % | 9.31 % | 3.92 % |
| Return on Invested Capital | -0.84 % | 2.08 % | -1.91 % | 2.61 % | 6.04 % | 2.81 % | 6.39 % | 1.31 % |
| P/E | - | - | - | 110.3x | 54.5x | 16.5x | 38.1x | 995.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Harmonic Inc's Strategic Group Map
Every company in Harmonic Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Harmonic Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Harmonic Inc's BCG Growth-Share Matrix
Relative market share (vs Harmonic Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Harmonic Inc falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue -0.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Harmonic Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,778 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.44 % vs industry average 4.35 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Harmonic Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Harmonic Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Harmonic Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Harmonic Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Harmonic Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 13.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+55.1% annualized vs trailing 12 months).
Weaknesses
- Return on equity 41.8 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Harmonic Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Harmonic Inc | 0.84 | 2.44 | 0.30 |
| Alphabet Inc | 0.55 | 2.13 | 0.13 |
| Amazon com Inc | 0.38 | 1.07 | 0.21 |
| Meta Platforms Inc | 0.47 | 2.29 | 0.25 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Cisco Systems Inc | 0.25 | 0.94 | 0.63 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Harmonic Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Harmonic Inc | Q2 2026 | -3.1 % | - |
| Alphabet Inc | Q2 2026 | +24.2 % | +297.9 % |
| Amazon com Inc | Q2 2026 | +19.9 % | +244.9 % |
| Meta Platforms Inc | Q2 2026 | +28.0 % | -13.6 % |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Cisco Systems Inc | Q2 2026 | +17.6 % | +51.3 % |
| PEERS TOTAL | +22.6 % | +158.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Harmonic Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Harmonic Inc | Q2 2026 | +34.9 % | -57.7 % |
| Alphabet Inc | Q2 2026 | +17.7 % | +100.1 % |
| Amazon com Inc | Q2 2026 | +18.5 % | +300.3 % |
| Meta Platforms Inc | Q2 2026 | +33.4 % | +82.1 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Cisco Systems Inc | Q2 2026 | +14.8 % | +79.7 % |
Harmonic Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Harmonic Inc | - | - | - |
| Alphabet Inc | 35.42% | 42.01% | 50.84% |
| Amazon com Inc | 15.21% | 23.40% | 30.50% |
| Meta Platforms Inc | 17.98% | 20.69% | 29.73% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Cisco Systems Inc | 10.64% | 11.94% | 27.52% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Harmonic Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Harmonic Inc | - | 3.37 |
| Alphabet Inc | 17.03 | 9.36 |
| Amazon com Inc | 19.79 | 3.46 |
| Meta Platforms Inc | 26.98 | 8.05 |
| Broadcom Inc | 44.53 | 19.17 |
| Cisco Systems Inc | 31.96 | 6.72 |
| PEERS AVERAGE | 22.99 | 6.38 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.