Harbor PanAgora Dynamic Large Cap Core ETF (INFO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 21	$0.83	$0.85	+2.4%	—	$1.2B	—
Q3 21	$0.83	$0.85	+2.4%	—	$1.2B	—
Q2 21	$0.8	$0.81	+1.3%	—	$1.2B	—
Q1 21	$0.7	$0.71	+1.4%	—	$1.1B	—
Q1 20	$0.67	$0.72	+7.5%	—	—	—
Q4 19	$0.69	$0.77	+11.6%	—	—	—
Q3 19	$0.67	$0.69	+3.0%	—	—	—
Q2 19	$0.64	$0.66	+3.1%	—	—	—
Q1 19	$0.61	$0.65	+6.6%	—	—	—
Q4 18	$0.63	$0.67	+6.3%	—	—	—
Q3 18	$0.65	$0.71	+9.2%	—	—	—
Q2 18	$0.56	$0.6	+7.1%	—	—	—
Q1 18	$0.55	$0.57	+3.6%	—	—	—
Q4 17	$0.55	$0.58	+5.5%	—	—	—
Q3 17	$0.57	$0.61	+7.0%	—	—	—
Q2 17	$0.5	$0.53	+6.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY21	—	—	—	—	$4.7B	—
FY20	—	$2.19	—	—	$4.3B	—
FY19	—	$1.26	—	—	$4.4B	—
FY18	—	$1.38	—	—	$4B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21
Revenue	$4B	$4.4B	$4.3B	$4.7B
YoY change	—	+10.1%	-2.87%	+8.64%

Period	Q1 21	Q2 21	Q3 21	Q4 21
Revenue	$1.1B	$1.2B	$1.2B	$1.2B
YoY change	—	—	—	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21
Revenue	4B	4.4B	4.3B	4.7B
Cost of revenue	1.5B	1.7B	1.6B	1.7B
Gross profit	2.5B	2.8B	2.7B	2.9B
Gross margin	62.7%	62.5%	62.9%	63.3%
Research & development	—	—	—	—
Selling, general & administrative	1.2B	1.2B	1.1B	1.2B
Operating expenses	1.2B	1.1B	749.3M	644.7M
Operating income	783.4M	1.1B	1.4B	1.7B
Operating margin	19.5%	24.7%	31.6%	36.9%
Non-operating income, net	-136.5M	-90.4M	-238M	-157.2M
Pretax income	424.3M	742.9M	883.3M	1.3B
Income tax	-115.4M	242.6M	13.3M	135.3M
Net income	539.2M	499.4M	869.4M	1.2B
Net margin	13.4%	11.3%	20.3%	25.9%
EBITDA	1.3B	1.7B	1.9B	2.3B
EPS	1.38	1.26	2.19	—
Diluted EPS	1.33	1.23	2.17	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 21	Q2 21	Q3 21	Q4 21
Revenue	1.1B	1.2B	1.2B	1.2B
Cost of revenue	415.2M	425.8M	425.7M	441.6M
Gross profit	704.7M	755.6M	754.8M	734.7M
Gross margin	62.9%	64%	63.9%	62.5%
Research & development	—	—	—	—
Selling, general & administrative	302.2M	283.3M	285.6M	309.9M
Operating expenses	305.6M	288.5M	292M	-241.4M
Operating income	247.5M	316.6M	317.7M	836.8M
Operating margin	22.1%	26.8%	26.9%	71.1%
Non-operating income, net	-14.1M	-41M	-26.9M	-75.2M
Pretax income	178M	220.2M	236.1M	707.2M
Income tax	30.3M	57.6M	71.7M	-24.3M
Net income	148.7M	158.9M	161.1M	737.3M
Net margin	13.3%	13.5%	13.6%	62.7%
EBITDA	399.2M	467.1M	462.9M	976.2M
EPS	0.38	0.4	0.4	1.85
Diluted EPS	0.37	0.4	0.4	1.83

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21
Cash & short-term investments	120M	111.5M	125.6M	293.1M
Receivables	792.9M	890.7M	891.7M	906.5M
Inventory	—	—	—	—
Total current assets	1B	1.1B	1.1B	1.3B
Property, plant & equipment	1.2B	1.3B	1B	956.6M
Goodwill & intangibles	28.6B	28B	27.5B	24.8B
Total assets	2.2B	2.5B	2.3B	3.9B
Accounts payable	63.8M	59.7M	48.2M	71.7M
Short-term debt	789.9M	251.1M	331.6M	802.8M
Total current liabilities	1.7B	1.2B	1.3B	1.8B
Long-term debt	4.9B	4.9B	4.9B	4.2B
Total liabilities	6.7B	6.2B	6.3B	6.1B
Shareholders' equity	2.4B	3B	3.7B	4.6B
Total debt	5.7B	5.1B	5.3B	5B
Net debt	5.6B	5B	5.1B	4.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 21	Q2 21	Q3 21	Q4 21
Cash & short-term investments	172M	217.4M	337.9M	293.1M
Receivables	981.9M	870.9M	857.8M	906.5M
Inventory	—	—	—	—
Total current assets	1.3B	1.2B	1.3B	1.3B
Property, plant & equipment	966.9M	963.1M	952.8M	956.6M
Goodwill & intangibles	26.3B	26.3B	25.2B	24.8B
Total assets	2.5B	2.4B	2.5B	3.9B
Accounts payable	31M	34.6M	35.4M	71.7M
Short-term debt	540.1M	393M	291.9M	802.8M
Total current liabilities	1.7B	1.5B	1.4B	1.8B
Long-term debt	4.9B	4.9B	4.9B	4.2B
Total liabilities	6.8B	6.6B	6.5B	6.1B
Shareholders' equity	4B	4.1B	4.1B	4.6B
Total debt	5.5B	5.3B	5.2B	5B
Net debt	5.3B	5.1B	4.9B	4.7B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	Current
Market cap	21B	29B	39.5B	—	11.2B
Enterprise value	26.6B	34B	44.6B	—	15.9B
Shares outstanding	394.4M	399.5M	396.8M	—	—

Valuation

Metric	FY18	FY19	FY20	FY21	Current
P/E	39	58.1	45.4	—	23.1
P/S	5.25	6.57	9.2	—	2.41
P/B	8.6	9.55	10.6	—	-5.15
EV/EBITDA	20	20.5	23.3	—	6.9
EV/Sales	6.64	7.71	10.4	—	3.41
Earnings yield	2.56%	1.72%	2.2%	—	4.34%
FCF yield	6.61%	5.21%	4.45%	—	10.7%

Profitability

Metric	FY18	FY19	FY20	FY21	Current
Gross margin	62.7%	62.5%	62.9%	63.3%	62.5%
Operating margin	19.5%	24.7%	31.6%	36.9%	36.9%
Net margin	13.4%	11.3%	20.3%	25.9%	63.3%
ROE	22%	16.4%	23.3%	26.2%	26.2%
ROA	24.4%	19.7%	38.3%	30.7%	30.7%
ROIC	9.78%	9.13%	15%	16.7%	16.7%
Return on tangible assets	-2.04%	-1.96%	-3.44%	-5.78%	-5.78%

Financial health

Metric	FY18	FY19	FY20	FY21	Current
Current ratio	0.58	0.92	0.91	0.7	0.7
Quick ratio	0.58	0.92	0.91	0.7	0.7
Debt / equity	2.32	1.69	1.41	1.08	0.01
Debt / assets	2.57	2.02	2.32	1.26	1.26
Net debt / EBITDA	4.19	3.01	2.68	2.02	2.02
Effective tax rate	0%	32.7%	1.51%	10.1%	10.1%

Per share

Metric	FY18	FY19	FY20	FY21	Current
Revenue per share	10.2	11.1	10.8	—	11.7
EPS (basic)	1.38	1.26	2.19	—	—
EPS (diluted)	1.33	1.23	2.17	—	3.02
Book value per share	6.21	7.61	9.42	—	11.5
FCF per share	3.53	3.79	4.42	—	3.03
Cash per share	0.3	0.28	0.32	—	0.73
Capex per share	0.56	0.7	0.69	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	Current
Capex / revenue	5.55%	6.3%	6.41%	—	—
Capex / operating cash flow	19.1%	22.5%	18.6%	—	—
Payout ratio	—	—	31.1%	26.4%	26.4%
Dividend yield	—	—	0.69%	—	0.61%

Yield

0.61%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.086

ex-dividend Dec 19, 2025

Payout ratio

26%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 19, 2025	$0.086
Dec 20, 2024	$0.033
Jan 27, 2022	$0.20
Oct 28, 2021	$0.20
Jul 29, 2021	$0.20
Apr 30, 2021	$0.20
Jan 28, 2021	$0.20
Oct 29, 2020	$0.17

Split history

Date	Ratio
Jul 13, 2016	3:1

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21
Net income	539.2M	499.4M	869.4M	1.2B
Depreciation & amortization	541.2M	573.1M	591.6M	586.5M
Stock-based compensation	241.7M	223.8M	265.7M	226.9M
Change in working capital	60.5M	-9.7M	-2.1M	147.4M
Operating cash flow	1.2B	1.2B	1.5B	2B
Capital expenditure	-222.7M	-278.1M	-274.8M	—
Investing cash flow	-2.1B	-269.4M	205M	-304.1M
Dividends paid	—	—	-270.4M	-318.6M
Share repurchases	-672.5M	-500M	-950M	0
Financing cash flow	643M	-1.1B	-1.6B	-710.1M
Net change in cash	-293.8M	-170.1M	111M	1B
Free cash flow	1.4B	1.5B	1.8B	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 21	Q2 21	Q3 21	Q4 21
Net income	148.7M	158.9M	161.1M	737.3M
Depreciation & amortization	151.6M	150.5M	145.1M	139.3M
Stock-based compensation	65.8M	49.9M	52.7M	58.5M
Change in working capital	-1.7M	91.2M	-1.1M	59M
Operating cash flow	371.7M	422.8M	354M	882M
Capital expenditure	-72.6M	-70.6M	—	—
Investing cash flow	-263.8M	-71.2M	-30.3M	-79.1M
Dividends paid	-79.3M	-79.7M	-79.8M	-79.8M
Share repurchases	0	0	0	0
Financing cash flow	56.1M	-261.4M	-183.3M	-321.5M
Net change in cash	164M	90.2M	140.4M	481.4M
Free cash flow	444.3M	493.4M	—	—

Harbor PanAgora Dynamic Large Cap Core ETF Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement