Harley-davidson, Inc. (HOG) Financial Statements
Industry: Motorcycles, Bicycles & Parts
In fiscal 2025, Harley-davidson reported revenue of $4.47B, down 13.8% from $5.19B the year before. Net income was $338.7M (a 7.6% net margin), or $2.78 per diluted share. Gross margin was 38.7% and operating margin was 8.6%. Operating activities generated $568.9M of cash, leaving $415.2M of free cash flow. At fiscal year end, Harley-davidson held $8.04B in total assets against $4.90B in total liabilities, including $3.09B of cash and equivalents.
Open the full interactive Harley-davidson financials → Quarterly statements, key ratios, valuation history and price charts.
Harley-davidson Key Stats
| Share Price | $27.47 |
|---|---|
| Market Cap | $2.98B |
| P/E Ratio | 9.9 |
| Dividend Yield | 2.78% |
| Revenue YoY Growth | -13.8% |
| 52-Week Range | $16.94 – $28.26 |
| Shares Outstanding | 105.1 million (basic, 2026 Q2) |
Harley-davidson Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.05B | $5.34B | $5.76B | $5.84B | $5.19B | $4.47B |
| Cost of Goods Sold | $2.44B | $3.24B | $3.40B | $3.32B | $3.01B | $2.74B |
| Gross Profit | $1.62B | $2.09B | $2.35B | $2.51B | $2.18B | $1.73B |
| Operating Income | $9.7M | $823.4M | $909.3M | $779.1M | $416.6M | $386.6M |
| Pre-Tax Income | -$15.7M | $819.2M | $931.2M | $866.9M | $517.1M | $458.7M |
| Income Tax | -$17.0M | $169.2M | $192.0M | $171.8M | $72.0M | $129.6M |
| Net Income | $1.3M | $650.0M | $741.4M | $706.6M | $455.4M | $338.7M |
| Diluted EPS | $0.01 | $4.19 | $4.96 | $4.87 | $3.44 | $2.78 |
Harley-davidson Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.34B | $496.2M | $1.17B | $1.23B |
| Net Income | $377.4M | -$279.3M | $24.8M | $79.8M |
| Diluted EPS | $3.10 | -$2.30 | $0.22 | $0.75 |
Harley-davidson Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.26B | $1.87B | $1.43B | $1.53B | $1.59B | $3.09B |
| Current Assets | $5.85B | $4.55B | $4.75B | $5.16B | $5.00B | $5.59B |
| Total Assets | $12.01B | $11.05B | $11.49B | $12.14B | $11.88B | $8.04B |
| Current Liabilities | $3.98B | $3.34B | $3.53B | $3.38B | $3.56B | $2.66B |
| Total Long-Term Debt | $7.97B | $6.14B | $6.14B | $6.25B | $6.32B | $2.47B |
| Total Liabilities | $10.29B | $8.50B | $8.59B | $8.89B | $8.72B | $4.90B |
| Shareholders' Equity | $1.72B | $2.55B | $2.90B | $3.25B | $3.17B | $3.14B |
Harley-davidson Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.18B | $975.7M | $548.5M | $754.9M | $1.06B | $568.9M |
| Cash From Investing | -$66.8M | -$459.4M | -$773.0M | -$512.3M | -$383.3M | $3.78B |
| Cash From Financing | $1.37B | -$1.88B | -$202.0M | -$174.6M | -$572.3M | -$3.01B |
| Free Cash Flow | $1.05B | $855.5M | $396.8M | $547.5M | $867.3M | $415.2M |
| Dividends Paid | $68.1M | $92.4M | $93.2M | $96.3M | $91.2M | $86.4M |
Figures from Harley-davidson's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Harley-davidson financials page for every line item.
Harley-davidson Company Profile
| Ticker | HOG |
|---|---|
| Exchange | NYSE |
| Industry | Motorcycles, Bicycles & Parts |
| Headquarters | Milwaukee, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000793952 |
Frequently Asked Questions
What was Harley-davidson's revenue in fiscal 2025?
Harley-davidson (HOG) reported revenue of $4.47B for fiscal 2025.
What is Harley-davidson's annual revenue history?
Harley-davidson's annual revenue by fiscal year: 2020: $4.05B; 2021: $5.34B; 2022: $5.76B; 2023: $5.84B; 2024: $5.19B; 2025: $4.47B.
What was Harley-davidson's net income in fiscal 2025?
Harley-davidson reported net income of $338.7M for fiscal 2025.
What was Harley-davidson's earnings per share (EPS) in fiscal 2025?
Harley-davidson's diluted EPS was $2.78 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Harley-davidson generate in fiscal 2025?
Harley-davidson generated $415.2M of free cash flow in fiscal 2025.
What was Harley-davidson's revenue last quarter?
In its most recent reported quarter (2026 Q2), Harley-davidson reported revenue of $1.23B.
How much debt does Harley-davidson have?
Harley-davidson reported $2.47B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Harley-davidson are outstanding?
Harley-davidson reported a weighted average of 105.1 million basic shares outstanding in 2026 Q2.
What is Harley-davidson's market cap?
Based on its latest closing price, Harley-davidson (HOG) has a market capitalization of about $2.98B.
When does Harley-davidson's fiscal year end?
Harley-davidson's fiscal year end, as registered with the SEC, is December 31.
Where is Harley-davidson headquartered?
Harley-davidson lists its business address in Milwaukee, Wisconsin in its SEC filings.