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Harman

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Automotive & TransportationManufacturing & Industrialaudiocloud infrastructure(IaaS)consumer electronicscybersecurityelectronic componentsenterprise software

Harman is a company that designs and engineers connected products and solutions for automakers, consumers, and enterprises. It operates through four segments: Connected Car, Lifestyle Audio, Professional Solutions, and Connected Services. Harman's products include built-in infotainment, communication, and safety solutions for automakers, such as advanced displays, digital cockpit platforms, car audio systems, professional and consumer audio, lighting, and video solutions, including loudspeakers, microphones, headphones, amplifiers, digital signal processors, etc. It also offers digital marketing, automotive cybersecurity, digital transformation, cloud infrastructure, product engineering, IoT security management, and other software services and solutions.

Revenue(FY, 2016)
$6.9 B

Employee Rating

3.8More
TypeSubsidiary
Parent CompanySamsung Electronics
HQStamford, CT, US
Founded1980
Websiteharman.com
Cybersecurity ratingBMore
Harman was founded in 1980 and is headquartered in Stamford, CT, US
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Key People/Management at Harman

Michael Mauser

Michael Mauser

President and Chief Executive Officer, Director
Young K Sohn

Young K Sohn

Chairman of the Board
Mark Hartje

Mark Hartje

Chief Financial Officer
Kelei Shen

Kelei Shen

Chief Technology Officer
Nick Parrotta

Nick Parrotta

Chief Digital and Information Officer
Harry Andersson Bettencourt

Harry Andersson Bettencourt

Chief of Staff
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Harman Office Locations

Harman has offices in Stamford, Bedminster, Bellevue, Cheney and in 76 other locations
Stamford, CT, US (HQ)
400 Atlantic St
Bedminster, NJ, US
135 US-202 1st Floor
Bellevue, WA, US
2002 156th Ave NE 2nd floor, Building H
Cheney, WA, US
2416 Cheney Spokane Rd #2426
Fairfield, NJ, US
4-6 Just Rd
Farmington Hills, MI, US
26542 Haggerty Rd
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Harman Financials and Metrics

Summary Metrics

Founding Date

1980

Investors

Bessemer Venture Partners
Harman is a subsidiary of Samsung Electronics

Harman Revenue

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View revenue for all periods
Harman's revenue was reported to be $6.91 b in FY, 2016 which is a 12.3% increase from the previous period.
USDFY, 2014FY, 2015FY, 2016

Revenue

5.3b6.2b6.9b

Revenue growth, %

15%12%

Cost of goods sold

3.9b4.3b4.8b

Gross profit

1.5b1.8b2.1b
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Annual
USDFY, 2014FY, 2015FY, 2016

Cash

581.3m649.5m602.3m

Accounts Receivable

894.6m1.0b1.1b

Inventories

662.1m693.6m706.1m

Current Assets

2.5b2.9b2.9b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

397.8m510.3m592.4m402.2m437.5m360.4m511.7m683.4m

Accounts Receivable

907.0m908.2m952.7m1.0b1.0b1.1b1.2b1.2b

Inventories

745.7m724.2m726.4m846.3m875.4m840.2m831.9m787.6m

Current Assets

2.4b2.5b2.7b2.9b2.9b2.8b3.0b3.3b
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USDFY, 2014FY, 2015FY, 2016

Net Income

234.6m343.0m362.5m

Depreciation and Amortization

132.3m169.2m224.0m

Inventories

(67.4m)(89.2m)(15.2m)

Accounts Payable

148.0m273.6m(44.7m)
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USDFY, 2014

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x
Show all financial metrics

Harman Operating Metrics

FY, 2014FY, 2015FY, 2016

Backlog

$30.7 m$79.6 m$197.5 m

Patent Applications

2.01 k2.21 k2.49 k

Patents Issued

3.64 k3.46 k3.67 k

Trademarks

2.2 k2.28 k2.42 k
Show all operating metrics

Harman Acquisitions / Subsidiaries

Company NameDateDeal Size
Symphony Teleca CorporationJanuary 22, 2015$780 m
S1nnDecember 18, 2014
YurbudsJune 18, 2014
AMXMay 21, 2014$365 m
3dB ResearchFebruary 18, 2011
AhaSeptember 15, 2010
Aha MobileSeptember 15, 2010
PhatNoiseAugust 23, 2005
Aditi Technologies Europe GmbH
Aditi Technologies Private Limited
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Harman Revenue Breakdown

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Harman revenue breakdown by business segment: 14.6% from Professional Solutions, 44.6% from Connected Car, 30.8% from Lifestyle Audio, 10.0% from Connected Services and 0.0% from Other

Human Capital Metrics

Source: sustainability.harman.com
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Harman Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
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Harman Online and Social Media Presence

Harman's Trends

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Harman Company Culture

  • Overall Culture

    A+

    79/100

  • CEO Rating

    A+

    79/100

  • Compensation

    A+

    84/100

  • Diversity

    A-

    75/100

Learn more on Comparably

Harman News and Updates

April 28, 2022

Harman Kardon’s New Citation MultiBeam 1100 Soundbar Brings Dolby Atmos To A TV Near You

Harman Kardon's new Citation MultiBeam 1100 soundbar offers Dolby Atmos sound in a neat package that has enough power to fill a large living room.
February 10, 2022

Samsung via Harman scoops up Munich’s auto-tech startup Apostera

Munich-based Apostera has been acquired by Harman, a subsidiary of global electronics giant Samsung. With the purchase Harman now adds Apostera’s lineup of augmented reality and mixed reality software...
September 16, 2021

Harman Goes Green With Sustainable Accessories Brand Called InfinityLab

Consumer electronics giant Harman, part of Samsung, is branching out with a new sub-brand of sustainable accessories for eco-conscious consumers who want chargers, cables and other essential items with Harman's legendary build quality and designs.
June 08, 2021

Austere and Harman Partner to Provide Flawless Performance in Home Theater Audio

PORTLAND, Ore., June 8, 2021 /PRNewswire/ -- In an effort to provide customers the best experience possible, Austere and Harman, are partnering to provide a seamless home audio experience by pairing Austere home theater cables with Harman's various brands of audio products to ensure the...
April 07, 2021

Texas Capital Bancshares, Inc. Appoints Julia Harman as Head of Corporate Banking

DALLAS, April 07, 2021 (GLOBE NEWSWIRE) -- Texas Capital Bank, N.A., and its parent company Texas Capital Bancshares, Inc. (NASDAQ: TCBI), collectively referred to herein as “Texas Capital Bank,” today announced that Julia Harman has been appointed to the newly created position of Head of Corporat…
January 06, 2021

Harman, Continental, and Bosch Lead in ABI Research's Connected Automotive Infotainment Competitive Ranking

Harman, Continental, and Bosch lead the way in connected infotainment systems, a segment that generated U$32 billion in revenues in 2019, finds global tech advisory firm ABI Research
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Harman Blogs

June 12, 2019

Harman Kardon Citation Towers wireless speakers review

June 11, 2019

Music Comes To Life at HARMAN Live Arena 2019

HARMAN Professional Solutions delighted scores of music fans in India with yet another successful edition of HARMAN Live Arena at The Palm Expo- country’s foremost exhibition of Professional Audio Products. A roster of incredible musicians rocked the stage for three days, powered by HARMAN’s legenda…
June 11, 2019

JBL, the Legendary Audio Brand That Walloped Woodstock, Is Still Packing a Punch

June 10, 2019

Long-Range Review: 5 Things To Love About the 2019 Hyundai Kona Electric

June 10, 2019

The Secrets Behind Galaxy Buds’ Premium Audio Performance

June 07, 2019

The Story Behind the Music: Q&A with HARMAN Ambassador DJ Ashba

On Make Music Day 2019, people across the globe will pick up an instrument to celebrate the joy of making music – including some for the very first time! It’s an indescribable feeling and one that you must experience for yourself. Known for his work with Guns N’ Roses, Beautiful Creatures, Mötley Cr…
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 Harman Frequently Asked Questions

  • When was Harman founded?

    Harman was founded in 1980.

  • Who are Harman key executives?

    Harman's key executives are Michael Mauser, Young K Sohn and Mark Hartje.

  • How many employees does Harman have?

    Harman has 22,011 employees.

  • What is Harman revenue?

    Latest Harman annual revenue is $6.9 b.

  • What is Harman revenue per employee?

    Latest Harman revenue per employee is $314 k.

  • Who are Harman competitors?

    Competitors of Harman include Panasonic North America, Yamaha and Pioneer Corporation.

  • Where is Harman headquarters?

    Harman headquarters is located at 400 Atlantic St, Stamford.

  • Where are Harman offices?

    Harman has offices in Stamford, Bedminster, Bellevue, Cheney and in 76 other locations.

  • How many offices does Harman have?

    Harman has 89 offices.