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HARMONIC INC.（HLIT）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
HARMONIC INC.净利率更高（103.4% vs -72.8%，领先176.2%）。Planet Labs PBC同比增速更快（32.6% vs -267.6%）。HARMONIC INC.自由现金流更多（$9.6M vs $1.9M）。过去两年Planet Labs PBC的营收复合增速更高（NaN% vs NaN%）
哈莫尼克（Harmonic Inc.）是一家美国科技企业，核心业务为研发并销售视频路由、服务器与存储产品，主要服务对象是从事电视及互联网视频内容生产、处理与分发的企业，在视频基础设施领域拥有深厚的技术积累。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
HLIT vs PL — 直观对比
营收规模更大
PL
是对方的-1.5倍
$-53.0M
营收增速更快
PL
高出300.2%
-267.6%
净利率更高
HLIT
高出176.2%
-72.8%
自由现金流更多
HLIT
多$7.7M
$1.9M
两年增速更快
PL
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $-53.0M | $81.3M |
| 净利润 | $-54.8M | $-59.2M |
| 毛利率 | 103.3% | 57.3% |
| 营业利润率 | — | -22.6% |
| 净利率 | 103.4% | -72.8% |
| 营收同比 | -267.6% | 32.6% |
| 净利润同比 | -243.8% | -194.7% |
| 每股收益（稀释后） | $-0.48 | $-0.19 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HLITPL
| Q4 25 | $-53.0M | $81.3M | ||
| Q3 25 | $142.4M | $73.4M | ||
| Q2 25 | $138.0M | $66.3M | ||
| Q1 25 | $133.1M | $61.6M | ||
| Q4 24 | $31.6M | $61.3M | ||
| Q3 24 | $195.8M | $61.1M | ||
| Q2 24 | $138.7M | $60.4M | ||
| Q1 24 | $122.1M | $58.9M |
净利润HLITPL
| Q4 25 | $-54.8M | $-59.2M | ||
| Q3 25 | $2.7M | $-22.6M | ||
| Q2 25 | $2.9M | $-12.6M | ||
| Q1 25 | $5.9M | $-35.2M | ||
| Q4 24 | $38.1M | $-20.1M | ||
| Q3 24 | $21.7M | $-38.7M | ||
| Q2 24 | $-12.5M | $-29.3M | ||
| Q1 24 | $-8.1M | $-30.1M |
毛利率HLITPL
| Q4 25 | 103.3% | 57.3% | ||
| Q3 25 | 54.2% | 57.6% | ||
| Q2 25 | 53.5% | 55.2% | ||
| Q1 25 | 59.0% | 62.1% | ||
| Q4 24 | -3.7% | 61.2% | ||
| Q3 24 | 53.5% | 52.9% | ||
| Q2 24 | 52.9% | 52.4% | ||
| Q1 24 | 51.7% | 55.2% |
营业利润率HLITPL
| Q4 25 | — | -22.6% | ||
| Q3 25 | 6.9% | -24.5% | ||
| Q2 25 | 2.8% | -34.4% | ||
| Q1 25 | 7.6% | -31.5% | ||
| Q4 24 | — | -36.9% | ||
| Q3 24 | 18.1% | -64.8% | ||
| Q2 24 | -11.3% | -57.2% | ||
| Q1 24 | -7.8% | -57.6% |
净利率HLITPL
| Q4 25 | 103.4% | -72.8% | ||
| Q3 25 | 1.9% | -30.8% | ||
| Q2 25 | 2.1% | -19.1% | ||
| Q1 25 | 4.5% | -57.1% | ||
| Q4 24 | 120.5% | -32.8% | ||
| Q3 24 | 11.1% | -63.3% | ||
| Q2 24 | -9.0% | -48.5% | ||
| Q1 24 | -6.6% | -51.1% |
每股收益（稀释后）HLITPL
| Q4 25 | $-0.48 | $-0.19 | ||
| Q3 25 | $0.02 | $-0.07 | ||
| Q2 25 | $0.03 | $-0.04 | ||
| Q1 25 | $0.05 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.07 | ||
| Q3 24 | $0.19 | $-0.13 | ||
| Q2 24 | $-0.11 | $-0.10 | ||
| Q1 24 | $-0.07 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.1M | $443.3M |
| 总债务越低越好 | $112.1M | — |
| 股东权益账面价值 | $383.2M | $349.6M |
| 总资产 | $718.5M | $1.1B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资HLITPL
| Q4 25 | $124.1M | $443.3M | ||
| Q3 25 | $127.4M | $181.1M | ||
| Q2 25 | $123.9M | $133.5M | ||
| Q1 25 | $148.7M | $118.0M | ||
| Q4 24 | $101.5M | $139.0M | ||
| Q3 24 | $58.2M | $148.3M | ||
| Q2 24 | $45.9M | $107.4M | ||
| Q1 24 | $84.3M | $83.9M |
总债务HLITPL
| Q4 25 | $112.1M | — | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $113.3M | — | ||
| Q1 25 | $113.8M | — | ||
| Q4 24 | $114.3M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HLITPL
| Q4 25 | $383.2M | $349.6M | ||
| Q3 25 | $443.0M | $435.7M | ||
| Q2 25 | $446.4M | $444.8M | ||
| Q1 25 | $446.1M | $441.3M | ||
| Q4 24 | $465.3M | $464.6M | ||
| Q3 24 | $428.9M | $473.2M | ||
| Q2 24 | $392.8M | $500.3M | ||
| Q1 24 | $409.2M | $518.0M |
总资产HLITPL
| Q4 25 | $718.5M | $1.1B | ||
| Q3 25 | $758.6M | $696.4M | ||
| Q2 25 | $783.3M | $658.4M | ||
| Q1 25 | $773.7M | $633.8M | ||
| Q4 24 | $796.5M | $630.8M | ||
| Q3 24 | $759.9M | $658.4M | ||
| Q2 24 | $713.7M | $674.6M | ||
| Q1 24 | $740.7M | $702.0M |
负债/权益比HLITPL
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $12.3M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $1.9M |
| 自由现金流率自由现金流/营收 | -18.1% | 2.3% |
| 资本支出强度资本支出/营收 | -5.0% | 32.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $96.9M | $40.7M |
8季度趋势，按日历期对齐
经营现金流HLITPL
| Q4 25 | $12.3M | $28.6M | ||
| Q3 25 | $23.8M | $67.8M | ||
| Q2 25 | $-11.7M | $17.3M | ||
| Q1 25 | $83.6M | $-6.3M | ||
| Q4 24 | $48.5M | $4.1M | ||
| Q3 24 | $8.7M | $-7.9M | ||
| Q2 24 | $-22.2M | $-4.3M | ||
| Q1 24 | $26.8M | $-6.8M |
自由现金流HLITPL
| Q4 25 | $9.6M | $1.9M | ||
| Q3 25 | $21.0M | $47.5M | ||
| Q2 25 | $-15.5M | $9.2M | ||
| Q1 25 | $81.7M | $-17.9M | ||
| Q4 24 | $46.2M | $-3.6M | ||
| Q3 24 | $5.7M | $-23.0M | ||
| Q2 24 | $-24.1M | $-14.2M | ||
| Q1 24 | $24.9M | $-15.7M |
自由现金流率HLITPL
| Q4 25 | -18.1% | 2.3% | ||
| Q3 25 | 14.8% | 64.7% | ||
| Q2 25 | -11.2% | 13.9% | ||
| Q1 25 | 61.4% | -29.1% | ||
| Q4 24 | 146.0% | -5.8% | ||
| Q3 24 | 2.9% | -37.6% | ||
| Q2 24 | -17.4% | -23.6% | ||
| Q1 24 | 20.4% | -26.7% |
资本支出强度HLITPL
| Q4 25 | -5.0% | 32.9% | ||
| Q3 25 | 1.9% | 27.6% | ||
| Q2 25 | 2.8% | 12.3% | ||
| Q1 25 | 1.4% | 18.9% | ||
| Q4 24 | 7.4% | 12.5% | ||
| Q3 24 | 1.5% | 24.8% | ||
| Q2 24 | 1.4% | 16.4% | ||
| Q1 24 | 1.6% | 15.1% |
现金转化率HLITPL
| Q4 25 | — | — | ||
| Q3 25 | 8.82× | — | ||
| Q2 25 | -4.07× | — | ||
| Q1 25 | 14.07× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HLIT
暂无分部数据
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
