Harmonic Valuation Multiples

Harmonic Overview

About Harmonic

Harmonic Inc engaged in broadband access solutions that enable broadband operators to more efficiently and effectively deploy high-speed internet for data, voice, and video services for their customers and versatile and high-performance video delivery software, products, system solutions and services that enable its customers to efficiently create, prepare, store, playout and deliver a full range of high-quality broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smartphones. It has two segments, Broadband which provides broadband access solutions and related services, and Others; and Video business provides video processing and production and playout solutions and services, and Others.

Founded

1988

HQ

Employees

534

Website

harmonicinc.com

Sectors

Video & Streaming SoftwareNetworking HardwareMedia & Entertainment SoftwareB2B SaaSHorizontal SaaS

Financials (LTM)

Revenue: $393M

EBITDA: $63M

EV

$1B

Valuation Multiples

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Harmonic Financials

Harmonic reported last 12-month revenue of $393M and EBITDA of $63M.

In the same LTM period, Harmonic generated $167M in gross profit, $63M in EBITDA, and $38M in net income.

Harmonic P&L

In the most recent fiscal year, Harmonic reported revenue of $361M and EBITDA of $47M.

Harmonic expects next 12-month revenue of XXX and NTM EBITDA of XXX

Harmonic Stock Performance

Harmonic has current market cap of $1B, and enterprise value of $1B.

Harmonic's stock price is $10.50.

Harmonic Valuation Multiples

Harmonic trades at 3.0x EV/Revenue multiple, and 18.4x EV/EBITDA.

Harmonic Financial Valuation Multiples

As of April 19, 2026, Harmonic has market cap of $1B and EV of $1B.

Equity research analysts estimate Harmonic's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Harmonic has a P/E ratio of 30.6x.

Harmonic Margins & Growth Rates

Harmonic's revenue in the last 12 month grew by 25%.

Harmonic's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.

Harmonic's rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Harmonic's rule of X is 97% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Harmonic Public Comps

See public comps and valuation multiples for other Video & Streaming Software and Networking Hardware comps.

Harmonic M&A Activity

Harmonic acquired XXX companies to date.

Last acquisition by Harmonic was on XXXXXXXX, XXXXX. Harmonic acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Harmonic Investment Activity

Harmonic invested in XXX companies to date.

Harmonic made its latest investment on XXXXXXXX, XXXXX. Harmonic invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).