SSYS vs. HLIT

Last updated Apr 2, 2026

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

Performance

SSYS vs. HLIT - Performance Comparison

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

SSYS vs. HLIT - Yearly Performance Comparison

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

Fundamentals

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

Returns By Period

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

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%

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%

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

Return for Risk

SSYS vs. HLIT — Risk / Return Rank

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

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

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

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.

SSYS vs. HLIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stratasys Ltd. (SSYS) and Harmonic Inc. (HLIT). 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.

	SSYS	HLIT	Difference
Sharpe ratio Return per unit of total volatility	-0.35	-0.12	-0.23
Sortino ratio Return per unit of downside risk	-0.20	0.10	-0.30
Omega ratio Gain probability vs. loss probability	0.98	1.01	-0.04
Calmar ratio Return relative to maximum drawdown	-0.47	-0.28	-0.19
Martin ratio Return relative to average drawdown	-1.10	-0.64	-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.

SSYS vs. HLIT - Sharpe Ratio Comparison

The current SSYS Sharpe Ratio is -0.35, which is lower than the HLIT Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of SSYS and HLIT, 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

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

Correlation

The correlation between SSYS and HLIT 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

SSYS vs. HLIT - Dividend Comparison

Neither SSYS nor HLIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SSYS vs. HLIT - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SSYS vs. HLIT - Volatility Comparison

Stratasys Ltd. (SSYS) has a higher volatility of 14.22% compared to Harmonic Inc. (HLIT) at 10.61%. This indicates that SSYS's price experiences larger fluctuations and is considered to be riskier than HLIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Financials

SSYS vs. HLIT - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.