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Gilat Satellite Networks vs Harmonic: revenue, profit, margins and growth compared

Gilat Satellite Networks brought in $451.7M of revenue in fiscal 2025, Harmonic $360.5M in fiscal 2025. Revenue changed by +47.9% at Gilat Satellite Networks and -26.2% at Harmonic on the year before, so Gilat Satellite Networks grew faster. Gilat Satellite Networks kept 4.6% of its revenue as net profit, Harmonic -12.0%. Free cash flow was $9.2M at Gilat Satellite Networks and $96.9M at Harmonic.

Side by side, latest fiscal year

GILTHLIT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$451.7M$360.5M
Revenue growth+47.9%-26.2%
Net income$20.7M-$43.3M
Net margin4.6%-12.0%
Free cash flow$9.2M$96.9M
Free cash flow margin2.0%26.9%
Earnings per share (diluted)$0.34-$0.38
Cash$168.9M$124.1M
Debt$2M$112.1M
Price to earningsn/an/a
Market value$765.3M$1.2B
Dividend yieldn/an/a
Rank by revenue in sector#318 of 530 · Technology#341 of 530 · Technology

Over the years

Revenue
GILT FY2018: $266.4MGILT FY2019: $257.3MGILT FY2020: $166.1MGILT FY2021: $215MGILT FY2022: $239.8MGILT FY2023: $266.1MGILT FY2024: $305.4MGILT FY2025: $451.7MHLIT FY2018: $403.6MHLIT FY2019: $402.9MHLIT FY2020: $378.8MHLIT FY2021: $507.1MHLIT FY2022: $625MHLIT FY2023: $388.5MHLIT FY2024: $488.2MHLIT FY2025: $360.5MFY18FY19FY20FY21FY22FY23FY24FY25
GILT $451.7MHLIT $360.5M
Net income
GILT FY2018: $18.4MGILT FY2019: $36.9MGILT FY2020: $35.1MGILT FY2021: -$3MGILT FY2022: -$5.9MGILT FY2023: $23.5MGILT FY2024: $24.8MGILT FY2025: $20.7MHLIT FY2018: -$21MHLIT FY2019: -$5.9MHLIT FY2020: -$29.3MHLIT FY2021: $13.3MHLIT FY2022: $28.2MHLIT FY2023: $84MHLIT FY2024: $39.2MHLIT FY2025: -$43.3MFY18FY19FY20FY21FY22FY23FY24FY25
GILT $20.7MHLIT -$43.3M
Net margin
GILT FY2018: 6.9%GILT FY2019: 14.3%GILT FY2020: 21.1%GILT FY2021: -1.4%GILT FY2022: -2.5%GILT FY2023: 8.8%GILT FY2024: 8.1%GILT FY2025: 4.6%HLIT FY2018: -5.2%HLIT FY2019: -1.5%HLIT FY2020: -7.7%HLIT FY2021: 2.6%HLIT FY2022: 4.5%HLIT FY2023: 21.6%HLIT FY2024: 8.0%HLIT FY2025: -12.0%FY18FY19FY20FY21FY22FY23FY24FY25
GILT 4.6%HLIT -12.0%
Revenue growth
GILT FY2019: -3.4%GILT FY2020: -35.4%GILT FY2021: +29.4%GILT FY2022: +11.6%GILT FY2023: +10.9%GILT FY2024: +14.8%GILT FY2025: +47.9%HLIT FY2019: -0.2%HLIT FY2020: -6.0%HLIT FY2021: +33.9%HLIT FY2022: +23.2%HLIT FY2023: -37.8%HLIT FY2024: +25.7%HLIT FY2025: -26.2%FY19FY20FY21FY22FY23FY24FY25
GILT +47.9%HLIT -26.2%
Free cash flow
GILT FY2018: $21.3MGILT FY2019: $26.8MGILT FY2020: $38.4MGILT FY2021: $10MGILT FY2022: -$2MGILT FY2023: $21.2MGILT FY2024: $25.1MGILT FY2025: $9.2MHLIT FY2018: $5.2MHLIT FY2019: $21MHLIT FY2020: $7MHLIT FY2021: $28MHLIT FY2022: -$3.8MHLIT FY2023: -$1.4MHLIT FY2024: $52.7MHLIT FY2025: $96.9MFY18FY19FY20FY21FY22FY23FY24FY25
GILT $9.2MHLIT $96.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Gilat Satellite Networks and Harmonic

Which is bigger by revenue, Gilat Satellite Networks or Harmonic?

Gilat Satellite Networks is bigger by revenue: $451.7M in fiscal 2025, against $360.5M for Harmonic in fiscal 2025.

Which keeps more of its revenue as profit, Gilat Satellite Networks or Harmonic?

Gilat Satellite Networks had a net margin of 4.6% in fiscal 2025; Harmonic had -12.0% in fiscal 2025.

Which grew revenue faster, Gilat Satellite Networks or Harmonic?

In their latest fiscal years revenue changed by +47.9% at Gilat Satellite Networks and -26.2% at Harmonic.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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