Harley-Davidson, Inc. logo

Harley-Davidson, Inc.

HOG

NYSEConsumer CyclicalAuto - Manufacturers

Previous close

$28.20

+$0.57 · +2.06%

Aug 21, 4:02 PM ET

HOG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

82

Deep Value

Momentum

51

Neutral

Sentiment

66

Bullish

Risk resilience

61

Moderate Risk

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Company profile

Company website

Harley-Davidson, Inc., publicly traded under the symbol HOG, is fundamentally a manufacturer and seller of motorcycles. The company's operations are divided into two primary divisions: Motorcycle Products and Related Offerings, and Financial Services. The Motorcycle Products and Related Offerings segment focuses on the design, production, and worldwide distribution of Harley-Davidson motorcycles, encompassing various styles such as cruiser, touring, standard, sportbike, and dual models. This division also supplies motorcycle components, aftermarket accessories, branded apparel, and associated services. Its products are distributed to retail customers through a broad network of independent dealers and via e-commerce channels throughout the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region. The Financial Services segment provides extensive financing solutions. These include wholesale financing options for dealerships, such as floorplan and open account arrangements for motorcycles, parts, and accessories inventory. It also offers retail financing directly to consumers, primarily through installment loans for purchasing both new and pre-owned Harley-Davidson motorcycles. Additionally, this segment markets various point-of-sale protection products, including motorcycle insurance, extended service contracts, and maintenance protection plans. Furthermore, it licenses third-party financial institutions to issue co-branded credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
US
CEO
Arthur Francis Starrs
Listed since
Jul 8, 1986
Employees
5,500

Market position

Day range

Current $28.20

52-week range

Current $28.20

Open
$28.085
Previous close
$27.63
Volume
878.74K
0.32× average
Average volume
2.75M
Average daily volume
Market cap
2.97B USD
Beta
1.29
Market reference 1
50-day average
$25.9332
+8.74% above average
200-day average
$22.8794
+23.26% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.42B USD
EV / EBITDA
3.64×
Earnings yield
13.77%
Free cash flow yield
16.88%

Profitability & efficiency

Return on equity
10.79%
Return on assets
4.21%
Return on invested capital
4.13%

Financial health

Current ratio
2.1×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%28%17%5%Gross margin, FY2021: 35.61%Gross margin, FY2022: 37.08%Gross margin, FY2023: 37.38%Gross margin, FY2024: 34.88%Gross margin, FY2025: 30.24%Operating margin, FY2021: 15.43%Operating margin, FY2022: 15.80%Operating margin, FY2023: 13.35%Operating margin, FY2024: 8.03%Operating margin, FY2025: 8.64%Net margin, FY2021: 12.18%Net margin, FY2022: 12.88%Net margin, FY2023: 12.11%Net margin, FY2024: 8.78%Net margin, FY2025: 7.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.61%. Gross margin FY2022 37.08%. Gross margin FY2023 37.38%. Gross margin FY2024 34.88%. Gross margin FY2025 30.24%. Operating margin FY2021 15.43%. Operating margin FY2022 15.80%. Operating margin FY2023 13.35%. Operating margin FY2024 8.03%. Operating margin FY2025 8.64%. Net margin FY2021 12.18%. Net margin FY2022 12.88%. Net margin FY2023 12.11%. Net margin FY2024 8.78%. Net margin FY2025 7.57%.

Income trends

Revenue

4.47B USD-13.76%

Operating income

386.64M USD-7.20%

Net income

338.74M USD-25.61%
Income trends across reported periods6.39B USD4.19B USD1.99B USD−211.04M USDRevenue, FY2021: 5.34B USDRevenue, FY2022: 5.76B USDRevenue, FY2023: 5.84B USDRevenue, FY2024: 5.19B USDRevenue, FY2025: 4.47B USDOperating income, FY2021: 823.44M USDOperating income, FY2022: 909.28M USDOperating income, FY2023: 779.08M USDOperating income, FY2024: 416.63M USDOperating income, FY2025: 386.64M USDNet income, FY2021: 650.02M USDNet income, FY2022: 741.41M USDNet income, FY2023: 706.59M USDNet income, FY2024: 455.36M USDNet income, FY2025: 338.74M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.34B USD. Revenue FY2022 5.76B USD. Revenue FY2023 5.84B USD. Revenue FY2024 5.19B USD. Revenue FY2025 4.47B USD. Operating income FY2021 823.44M USD. Operating income FY2022 909.28M USD. Operating income FY2023 779.08M USD. Operating income FY2024 416.63M USD. Operating income FY2025 386.64M USD. Net income FY2021 650.02M USD. Net income FY2022 741.41M USD. Net income FY2023 706.59M USD. Net income FY2024 455.36M USD. Net income FY2025 338.74M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.47B USD5.19B USD5.84B USD5.76B USD5.34B USD
Cost of goods sold3.12B USD3.38B USD3.65B USD3.62B USD3.44B USD
Gross profit1.35B USD1.81B USD2.18B USD2.13B USD1.9B USD
Selling, general, and administrative895.32M USD1.15B USD1.18B USD1.08B USD1.05B USD
Operating expenses965.91M USD1.39B USD1.4B USD1.22B USD1.08B USD
Interest income44.27M USD
Interest expense33.44M USD30.75M USD30.79M USD31.24M USD30.97M USD
Depreciation and amortization172.37M USD160.67M USD158.11M USD151.94M USD165.19M USD
Operating income386.64M USD416.63M USD779.08M USD909.28M USD823.44M USD
Net income338.74M USD455.36M USD706.59M USD741.41M USD650.02M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+30.93%
11 comparable reports
Latest EPS result
0.75
Estimate 0.65 · Beat by 16.28%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.541.4-0.74-2.88Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual -0.93, estimate -0.65, surprise -43.08%, Miss. Q2 2025, reported May 1, 2025: actual 1.07, estimate 0.8, surprise +33.75%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.88, estimate 0.99, surprise -11.11%, Miss. Q4 2025, reported Nov 4, 2025: actual 3.1, estimate 1.38, surprise +124.64%, Beat. Q1 2026, reported Feb 10, 2026: actual -2.44, estimate -0.92, surprise -165.22%, Miss. Q2 2026, reported May 5, 2026: actual 0.22, estimate 0.34, surprise -35.29%, Miss. Q3 2026, reported Jul 23, 2026: actual 0.75, estimate 0.645, surprise +16.28%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.45B1.08B699.33M322.32MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 687.61M USD, estimate 1.37B USD, surprise -49.95%, Miss. Q2 2025, reported May 1, 2025: actual 1.33B USD, estimate 1.18B USD, surprise +12.51%, Beat. Q3 2025, reported Jul 30, 2025: actual 1.31B USD, estimate 1.05B USD, surprise +24.62%, Beat. Q4 2025, reported Nov 4, 2025: actual 1.07B USD, estimate 509.26M USD, surprise +110.88%, Beat. Q1 2026, reported Feb 10, 2026: actual 379.2M USD, estimate 484.56M USD, surprise -21.75%, Miss. Q2 2026, reported May 5, 2026: actual 1.06B USD, estimate 1.01B USD, surprise +4.53%, Beat. Q3 2026, reported Jul 23, 2026: actual 1.1B USD, estimate 1.17B USD, surprise -5.41%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.08B USD, surprise —, Comparison unavailable.

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