HLIT vs. SSYS

Last updated Apr 2, 2026

Compare and contrast key facts about Harmonic Inc. (HLIT) and Stratasys Ltd. (SSYS).

Performance

HLIT vs. SSYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harmonic Inc. (HLIT) and Stratasys Ltd. (SSYS). The values are adjusted to include any dividend payments, if applicable.

HLIT vs. SSYS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLIT Harmonic Inc.	-8.19%	-25.25%	1.46%	-0.46%	11.39%	59.13%	-5.26%	65.25%	12.38%	-16.00%
SSYS Stratasys Ltd.	-8.76%	-2.36%	-37.75%	20.40%	-51.57%	18.19%	2.45%	12.30%	-9.77%	20.68%

Fundamentals

Market Cap HLIT : $1.03B SSYS : $678.51M
EPS HLIT : -$0.38 SSYS : -$1.23
PS Ratio HLIT : 2.01 SSYS : 1.22
PB Ratio HLIT : 2.68 SSYS : 0.80
Total Revenue (TTM) HLIT : $511.78M SSYS : $551.10M
Gross Profit (TTM) HLIT : $275.68M SSYS : $240.19M
EBITDA (TTM) HLIT : $36.10M SSYS : -$61.43M

Returns By Period

In the year-to-date period, HLIT achieves a -8.19% return, which is significantly higher than SSYS's -8.76% return. Over the past 10 years, HLIT has outperformed SSYS with an annualized return of 10.69%, while SSYS has yielded a comparatively lower -11.00% annualized return.

HLIT

• 1D: 1.11%
• 1M: -17.00%
• YTD: -8.19%
• 6M: -14.34%
• 1Y: -4.82%
• 3Y*: -14.62%
• 5Y*: 2.77%
• 10Y*: 10.69%

SSYS

• 1D: 1.41%
• 1M: -18.10%
• YTD: -8.76%
• 6M: -28.52%
• 1Y: -19.18%
• 3Y*: -21.75%
• 5Y*: -20.70%
• 10Y*: -11.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HLIT vs. SSYS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLIT

HLIT Risk / Return Rank: 32
HLIT Sharpe Ratio Rank: 35
HLIT Sortino Ratio Rank: 30
HLIT Omega Ratio Rank: 31
HLIT Calmar Ratio Rank: 32
HLIT Martin Ratio Rank: 30

SSYS

SSYS Risk / Return Rank: 24
SSYS Sharpe Ratio Rank: 25
SSYS Sortino Ratio Rank: 24
SSYS Omega Ratio Rank: 25
SSYS Calmar Ratio Rank: 25
SSYS Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLIT vs. SSYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) and Stratasys Ltd. (SSYS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HLIT	SSYS	Difference
Sharpe ratio Return per unit of total volatility	-0.12	-0.35	+0.23
Sortino ratio Return per unit of downside risk	0.10	-0.20	+0.30
Omega ratio Gain probability vs. loss probability	1.01	0.98	+0.04
Calmar ratio Return relative to maximum drawdown	-0.28	-0.47	+0.19
Martin ratio Return relative to average drawdown	-0.64	-1.10	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLIT vs. SSYS - Sharpe Ratio Comparison

The current HLIT Sharpe Ratio is -0.12, which is higher than the SSYS Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of HLIT and SSYS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HLIT	SSYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	-0.35	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	-0.37	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	-0.19	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.08	-0.07

Correlation

The correlation between HLIT and SSYS is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HLIT vs. SSYS - Dividend Comparison

Neither HLIT nor SSYS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HLIT vs. SSYS - Drawdown Comparison

The maximum HLIT drawdown since its inception was -99.32%, roughly equal to the maximum SSYS drawdown of -95.49%. Use the drawdown chart below to compare losses from any high point for HLIT and SSYS.

Drawdown Indicators

	HLIT	SSYS	Difference
Max Drawdown Largest peak-to-trough decline	-99.32%	-95.49%	-3.83%
Max Drawdown (1Y) Largest decline over 1 year	-19.10%	-40.35%	+21.25%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	-83.39%	+28.25%
Max Drawdown (10Y) Largest decline over 10 years	-55.14%	-88.67%	+33.53%
Current Drawdown Current decline from peak	-94.04%	-94.20%	+0.16%
Average Drawdown Average peak-to-trough decline	-84.30%	-54.05%	-30.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.33%	17.36%	-9.03%

Volatility

HLIT vs. SSYS - Volatility Comparison

The current volatility for Harmonic Inc. (HLIT) is 10.61%, while Stratasys Ltd. (SSYS) has a volatility of 14.22%. This indicates that HLIT experiences smaller price fluctuations and is considered to be less risky than SSYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLIT	SSYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	14.22%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	26.27%	38.96%	-12.69%
Volatility (1Y) Calculated over the trailing 1-year period	39.20%	54.40%	-15.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.05%	55.73%	-8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.90%	56.68%	-6.78%

Financials

HLIT vs. SSYS - Profitability Comparison

The chart below illustrates the profitability comparison between Harmonic Inc. and Stratasys Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HLIT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Harmonic Inc. reported a gross profit of 46.18M and revenue of 98.24M. Therefore, the gross margin over that period was 47.0%.

SSYS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Stratasys Ltd. reported a gross profit of 64.36M and revenue of 140.00M. Therefore, the gross margin over that period was 46.0%.

HLIT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Harmonic Inc. reported an operating income of 3.77M and revenue of 98.24M, resulting in an operating margin of 3.8%.

SSYS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Stratasys Ltd. reported an operating income of -12.61M and revenue of 140.00M, resulting in an operating margin of -9.0%.

HLIT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Harmonic Inc. reported a net income of -54.82M and revenue of 98.24M, resulting in a net margin of -55.8%.

SSYS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Stratasys Ltd. reported a net income of -18.85M and revenue of 140.00M, resulting in a net margin of -13.5%.