COMP <GO>
HLIT vs TSM // GROSS PROFIT MARGIN
Harmonic Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: HLIT 1
— TSM 8
■ METRIC PARITY
LAST: $10.80 (+0.65%) • MKT CAP: $1.18B
gross-margins
48.50%
LAST: $431.81 (-1.75%) • MKT CAP: $2.24T
gross-margins
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HLIT VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HLIT | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | 48.50% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.00% | 14.90% | -11.90 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 49.5x | 14.9x | +34.60 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 8.23% | 3.99% | +4.24 | HLIT | /fcf-yield <GO> |
| Operating Margin | 3.90% | 21.10% | -17.20 | TSM | /operating-margins <GO> |
| Net Profit Margin | 0.30% | 16.40% | -16.10 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | -26.20% | -3.30% | -22.90 | TSM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.20 | 3.87 | -3.67 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 42.1 | 49.4 | -7.26 | TSM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.42 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 20.2x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.18B | $2.24T | -$2.24T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HLIT REV | TSM REV | HLIT GROSS % | TSM GROSS % | HLIT FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $360.5M | — | 48.5% | — | $96.9M | — |
| FY 2024 | $488.2M | — | 49.2% | — | $52.7M | — |
| FY 2023 | $388.5M | — | — | — | $7.1M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HLIT // BETA —
TSM // BETA 1.42