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HRMY

NASDAQ

Harmony Biosciences Holdings Inc

Health Care
Pharmaceuticals

$39.12

0.7%

Updated Today 11:10 AM ET

Report Card

HRMY at a glance — five pillars scored 0–100 from real filed financials.

Value
Growth
Profitability
0
Health
0
Dividends
0

Overall: Unrated · 0/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.

Key Metrics

Market Cap

$0.00

P/E

Forward P/E (est.)

ROE

Revenue Growth

EPS Growth

Profit Margin

FCF Yield

Debt / Equity

ROIC

14.0%

Interest Coverage

8.78x

Current Ratio

3.48x

Dividend Yield

Implied Growth (rev. DCF)

Rating Score

0/100

Business Overview
Research

Harmony Biosciences Holdings Inc (HRMY) is a small-cap company in the Pharmaceuticals industry, part of the Health Care sector of the S&P 500.

In its latest reported year it generated about $868.45M in revenue and $158.69M in net profit.

Our model rates HRMY Unrated (0/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Economic Moat

Evidence of durable competitive advantage in the filed financials (7 years of history).

Wide moat signalsMoat evidence score: 76/100

The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.

Gross margin level100/100

78.1% average over the last 3 years

Gross margin stability64/100

±2.9 pts around 79.1% across 7 years

Revenue durability100/100

grew in 6 of the last 6 year-over-year periods

Free-cash-flow consistency43/100

positive in 5 of 7 years

Return on invested capital45/100

14.0% latest fiscal year

A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.

Revenue Growth
Research

4Y CAGR

29.9%

Revenue moved from $6.00M in 2019 to $868.45M in 2025, a 129.2% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.

Profitability
1/1 checks passedROIC above 10%

Gross Margin

77.2%

Operating Margin

24.0%

Net Margin

18.3%

ROE

Debt Analysis
Research
2/2 checks passedInterest covered 3×+Short-term bills covered

Total Debt

$153.96M

Net Debt

-$395.81M

Net cash position

Net Debt / EBITDA

-1.9x

Debt / Equity

Leverage: debt-to-equity is n/a, and operating profit covers interest about 8.8x, with a current ratio of 3.5x. Detailed balance-sheet leverage is limited for this name. It carries roughly $153.96M of total debt against $549.77M of cash.

Cash Flow Analysis
Research

Operating CF

$348.20M

Free Cash Flow

$347.89M

FCF Margin

40.1%

In the latest year Harmony Biosciences Holdings Inc produced about $348.20M of operating cash flow and $347.89M of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research
1/1 checks passedTrading below DCF fair value

P/E

P/S

P/B

EV / EBITDA

HRMY trades at n/a trailing earnings. With no positive trailing earnings, value it on sales, cash flow, or growth rather than P/E.

DCF Fair Value (Educational)

A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.

DCF fair value / share

$102.56

Current price

$39.12

+162% · Below fair-value estimate

Starting FCF (latest 10-K)

$347.89M

Growth, years 1–5

4.0%

Fade to terminal, years 6–10

2.5%

Discount rate

9.0%

PV of 10-yr free cash flow$2.69B
PV of terminal value$3.28B
Estimated equity value$5.97B
Shares outstanding58M

Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.

Metrics vs. Sector Range

Where HRMY sits versus its Health Care sector peers in the S&P 500.

TTM P/E
Forward P/E
P/S ratio
Revenue growth
EPS growth
Gross margin
77.2%Strong
Net margin
ROE

Bands show the middle half (25th–75th percentile) of the 83 Health Care companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How HRMY stacks up against its Health Care peers — valuation, profitability, and growth versus the sector median.

In the Health Care sector (324 S&P 500 companies), HRMY ranks #175 of 324 by our overall rating.

P/E vs sector

median 27.3x

ROE vs sector

median 14.1%

Growth vs sector

median 7.6%

Sector rank

#175

of 324 by rating

CompanyP/ERev Gr.Rating
HRMYThis stockNot rated
ALMSNot rated
AMLXNot rated
AMRXNot rated
ANIPNot rated
ATAINot rated
AVLNNot rated
AXSMNot rated
Health Care median27.3x7.6%0/100
Compare side by side

Peers are the closest Health Care companies by sub-industry and size. Sector median is across all 324 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$0.00 $0.00

vs. $39.12 today · expected CAGR 4%15%

Metric20262027202820292030
Revenue$937.93M$1.01B$1.09B$1.18B$1.28B
Net income$168.83M$182.33M$196.92M$212.67M$229.69M
EPS$2.90$3.13$3.38$3.65$3.94
Share price (low)$34.79$37.57$40.58$43.82$47.33
Share price (high)$57.98$62.62$67.63$73.04$78.88
CAGR (low–high)-11% / 48%-2% / 27%1% / 20%3% / 17%4% / 15%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for HRMY:

  • As an established S&P 500 member in Health Care, it brings scale and a long operating history.
Bear Case

The case against HRMY:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the picture is mixed: Harmony Biosciences Holdings Inc is a small-cap health care business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at n/a earnings, which our model scores Unrated (0/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Analyst Ratings

What 16 Wall Street analysts covering HRMY recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.

Buy
consensus · score 3.8 / 5 across 16 analysts
Strong Buy 3Buy 8Hold 4Sell 1Strong Sell 0

Analysts have turned more positive over the last three months (+4 pts of buy ratings).

Latest SEC Filings

HRMY's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.

HRMY — frequently asked questions

Is HRMY a good stock to buy?

We don't give buy or sell advice. Review Harmony Biosciences Holdings Inc's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.

Where does HRMY's data come from?

Live price data plus real fundamentals and 5-year financials pulled directly from Harmony Biosciences Holdings Inc's SEC filings — refreshed automatically, not hand-entered.

How is the 5-year projection for HRMY calculated?

It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.

Is this HRMY analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell HRMY. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.