Flagship explainer

What drives HARMONIC INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−10%Tax burden−489%net income ÷ pretax incomeInterest burden63%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover0.48×revenue ÷ average assetsEquity multiplier1.79×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$43.3MFY2025
Income before tax$8.9MFY2025
Operating income$14.1MFY2025
$361MFY2025
Ending assets$718MFY2025
Beginning assets$797MFY2024
$383MFY2025
$465MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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