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HARMONIC INC.（HLIT）与Vistance Networks, Inc.（VISN）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 -61.8%，领先165.2%）。HARMONIC INC.同比增速更快（-267.6% vs -486.8%）。Vistance Networks, Inc.自由现金流更多（$255.5M vs $9.6M）。过去两年Vistance Networks, Inc.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。
HLIT vs VISN — 直观对比
营收规模更大
HLIT
是对方的0.0倍
$-2.2B
营收增速更快
HLIT
高出219.3%
-486.8%
净利率更高
HLIT
高出165.2%
-61.8%
自由现金流更多
VISN
多$245.9M
$9.6M
两年增速更快
VISN
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-53.0M | $-2.2B |
| 净利润 | $-54.8M | $1.4B |
| 毛利率 | 103.3% | — |
| 营业利润率 | — | — |
| 净利率 | 103.4% | -61.8% |
| 营收同比 | -267.6% | -486.8% |
| 净利润同比 | -243.8% | 4109.0% |
| 每股收益（稀释后） | $-0.48 | $6.30 |
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HLITVISN
| Q4 25 | $-53.0M | $-2.2B | ||
| Q3 25 | $142.4M | $1.6B | ||
| Q2 25 | $138.0M | $1.4B | ||
| Q1 25 | $133.1M | $1.1B | ||
| Q4 24 | $31.6M | $568.3M | ||
| Q3 24 | $195.8M | $1.1B | ||
| Q2 24 | $138.7M | $1.4B | ||
| Q1 24 | $122.1M | $1.2B |
净利润HLITVISN
| Q4 25 | $-54.8M | $1.4B | ||
| Q3 25 | $2.7M | $108.4M | ||
| Q2 25 | $2.9M | $31.8M | ||
| Q1 25 | $5.9M | $784.0M | ||
| Q4 24 | $38.1M | $32.3M | ||
| Q3 24 | $21.7M | $-33.0M | ||
| Q2 24 | $-12.5M | $44.4M | ||
| Q1 24 | $-8.1M | $-359.2M |
毛利率HLITVISN
| Q4 25 | 103.3% | — | ||
| Q3 25 | 54.2% | 41.0% | ||
| Q2 25 | 53.5% | 42.6% | ||
| Q1 25 | 59.0% | 42.1% | ||
| Q4 24 | -3.7% | 33.8% | ||
| Q3 24 | 53.5% | 40.2% | ||
| Q2 24 | 52.9% | 39.5% | ||
| Q1 24 | 51.7% | 34.4% |
营业利润率HLITVISN
| Q4 25 | — | — | ||
| Q3 25 | 6.9% | 18.5% | ||
| Q2 25 | 2.8% | 17.0% | ||
| Q1 25 | 7.6% | 12.0% | ||
| Q4 24 | — | -7.3% | ||
| Q3 24 | 18.1% | 9.4% | ||
| Q2 24 | -11.3% | 13.9% | ||
| Q1 24 | -7.8% | 0.2% |
净利率HLITVISN
| Q4 25 | 103.4% | -61.8% | ||
| Q3 25 | 1.9% | 6.7% | ||
| Q2 25 | 2.1% | 2.3% | ||
| Q1 25 | 4.5% | 70.5% | ||
| Q4 24 | 120.5% | 5.7% | ||
| Q3 24 | 11.1% | -3.0% | ||
| Q2 24 | -9.0% | 3.2% | ||
| Q1 24 | -6.6% | -30.7% |
每股收益（稀释后）HLITVISN
| Q4 25 | $-0.48 | $6.30 | ||
| Q3 25 | $0.02 | $0.39 | ||
| Q2 25 | $0.03 | $0.06 | ||
| Q1 25 | $0.05 | $2.88 | ||
| Q4 24 | $0.32 | $0.09 | ||
| Q3 24 | $0.19 | $-0.23 | ||
| Q2 24 | $-0.11 | $0.13 | ||
| Q1 24 | $-0.07 | $-1.77 |
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 | $754.4M |
| 总债务越低越好 | $112.1M | — |
| 股东权益账面价值 | $383.2M | $-1.0B |
| 总资产 | $718.5M | $9.4B |
| 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HLITVISN
| Q4 25 | $124.1M | $754.4M | ||
| Q3 25 | $127.4M | $705.3M | ||
| Q2 25 | $123.9M | $571.1M | ||
| Q1 25 | $148.7M | $493.3M | ||
| Q4 24 | $101.5M | $564.9M | ||
| Q3 24 | $58.2M | $392.1M | ||
| Q2 24 | $45.9M | $345.9M | ||
| Q1 24 | $84.3M | $357.2M |
总债务HLITVISN
| 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HLITVISN
| Q4 25 | $383.2M | $-1.0B | ||
| Q3 25 | $443.0M | $-2.3B | ||
| Q2 25 | $446.4M | $-2.4B | ||
| Q1 25 | $446.1M | $-2.5B | ||
| Q4 24 | $465.3M | $-3.5B | ||
| Q3 24 | $428.9M | $-3.3B | ||
| Q2 24 | $392.8M | $-3.3B | ||
| Q1 24 | $409.2M | $-3.3B |
总资产HLITVISN
| Q4 25 | $718.5M | $9.4B | ||
| Q3 25 | $758.6M | $7.9B | ||
| Q2 25 | $783.3M | $7.7B | ||
| Q1 25 | $773.7M | $7.5B | ||
| Q4 24 | $796.5M | $8.7B | ||
| Q3 24 | $759.9M | $8.8B | ||
| Q2 24 | $713.7M | $8.8B | ||
| Q1 24 | $740.7M | $8.7B |
负债/权益比HLITVISN
| 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 | $281.3M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $255.5M |
| 自由现金流率自由现金流/营收 | -18.1% | -11.6% |
| 资本支出强度资本支出/营收 | -5.0% | -1.2% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $96.9M | $252.6M |
8季度趋势，按日历期对齐
经营现金流HLITVISN
| Q4 25 | $12.3M | $281.3M | ||
| Q3 25 | $23.8M | $151.4M | ||
| Q2 25 | $-11.7M | $77.1M | ||
| Q1 25 | $83.6M | $-186.9M | ||
| Q4 24 | $48.5M | $277.9M | ||
| Q3 24 | $8.7M | $122.1M | ||
| Q2 24 | $-22.2M | $50.8M | ||
| Q1 24 | $26.8M | $-177.7M |
自由现金流HLITVISN
| Q4 25 | $9.6M | $255.5M | ||
| Q3 25 | $21.0M | $135.0M | ||
| Q2 25 | $-15.5M | $64.5M | ||
| Q1 25 | $81.7M | $-202.4M | ||
| Q4 24 | $46.2M | $270.6M | ||
| Q3 24 | $5.7M | $115.4M | ||
| Q2 24 | $-24.1M | $45.5M | ||
| Q1 24 | $24.9M | $-183.7M |
自由现金流率HLITVISN
| Q4 25 | -18.1% | -11.6% | ||
| Q3 25 | 14.8% | 8.3% | ||
| Q2 25 | -11.2% | 4.6% | ||
| Q1 25 | 61.4% | -18.2% | ||
| Q4 24 | 146.0% | 47.6% | ||
| Q3 24 | 2.9% | 10.7% | ||
| Q2 24 | -17.4% | 3.3% | ||
| Q1 24 | 20.4% | -15.7% |
资本支出强度HLITVISN
| Q4 25 | -5.0% | -1.2% | ||
| Q3 25 | 1.9% | 1.0% | ||
| Q2 25 | 2.8% | 0.9% | ||
| Q1 25 | 1.4% | 1.4% | ||
| Q4 24 | 7.4% | 1.3% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 1.6% | 0.5% |
现金转化率HLITVISN
| Q4 25 | — | 0.21× | ||
| Q3 25 | 8.82× | 1.40× | ||
| Q2 25 | -4.07× | 2.42× | ||
| Q1 25 | 14.07× | -0.24× | ||
| Q4 24 | 1.27× | 8.60× | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | — |
