Powerfleet vs Harmonic
Powerfleet reported revenue of $444 million in fiscal 2026, 1.2 times Harmonic's $360 million in fiscal 2025. Powerfleet's revenue grew 22.4% in its latest year, and Harmonic's fell 26.1%. Powerfleet had an operating margin of 4.4%, against 3.9% at Harmonic. Free cash flow was $9 million at Powerfleet and $97 million at Harmonic. Their fiscal years end in different months (March 31 and December 31), so the periods don't line up exactly.
Side by side
| Powerfleet | Harmonic | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $444M | $360M |
| Revenue growth | 22.4% | −26.1% |
| Revenue growth a year, last 5 years | 31.3% | −1.0% |
| Gross margin | 55.5% | 48.5% |
| Operating margin | 4.4% | 3.9% |
| Net margin | −4.6% | −12.0% |
| Free cash flow | $9M | $97M |
| Free cash flow margin | 2.0% | 26.9% |
| Return on capital | 2.2% | 1.6% |
| Net debt to EBITDA | 3.1x | −0.5x |
| Dividends and buybacks | $0M | $79M |
| Change in diluted share count | 11.6% | −2.8% |
| Last close | $2.69 | $9.51 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | bought $499,044, sold $791,443 |
| Piotroski F-score | — | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PowerfleetHarmonic
Operating margin
Percent of revenue
PowerfleetHarmonic
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PowerfleetHarmonic
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Powerfleet and Harmonic pages.