HOG
$26.76-3.01%
Harley-Davidson Inc.Stock · Consumer DiscretionaryRussell 2000 0.03%Russell 3000 0.004%US Stock Market 0.004%
HOG financial statements
The full income statement, balance sheet, and cash-flow statement for Harley-Davidson Inc. (HOG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 131.6M2024-09 127.3M2024-12 124.5M2025-03 121.5M2025-06 121.6M2025-09 118.1M2025-12 111.9M2026-03 105.3M2026-06 104.1M-20.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.47B-13.8% | 5.19B-11.1% | 5.84B+1.4% | 5.76B+7.8% | 5.34B+31.6% | |
| Cost of revenue | 2.74B-8.8% | 3.01B-9.5% | 3.32B-2.4% | 3.40B+4.9% | 3.24B+33.2% | |
| Research & development | — | — | 159M+0.4% | 159M-9.4% | 175M-13.5% | |
| Selling, general & administrative | 1.15B+0.2% | 1.15B-2.6% | 1.18B+8.9% | 1.08B+2.6% | 1.05B+0.1% | |
| Restructuring | — | — | — | -544K-115.9% | 3.42M-97.4% | |
| Amortization of intangibles | — | 1.10M+22.2% | 900K+12.5% | 800K+100.0% | 400K-63.6% | |
| Provision for credit losses | — | — | — | — | 25.0M-86.2% | |
| Operating income | 387M-7.2% | 417M-46.5% | 779M-14.3% | 909M+10.4% | 823M+8407.5% | |
| Interest expense | 33.4M+8.8% | 30.7M-0.1% | 30.8M-1.4% | 31.2M+0.8% | 31.0M-0.5% | |
| Other non-operating income | 61.3M-15.3% | 72.3M+0.7% | 71.8M+47.6% | 48.7M+142.3% | 20.1M+1186.4% | |
| Pre-tax income | 459M-11.3% | 517M-40.3% | 867M-6.9% | 931M+13.7% | 819M+5308.1% | |
| Income tax | 130M+80.1% | 72.0M-58.1% | 172M-10.5% | 192M+13.5% | 169M+1093.7% | |
| 339M-25.6% | 455M-35.6% | 707M-4.7% | 741M+14.1% | 650M+49978.9% | ||
| Income from continuing operations | — | — | — | — | 650M+49978.9% | |
| Net income to non-controlling interest | -9.58M+5.9% | -10.2M+11.8% | -11.5M-426.0% | -2.19M | 0.00 | |
| $2.78-19.2% | $3.44-29.4% | $4.87-1.8% | $4.96+18.4% | $4.19+41800.0% | ||
| EPS (basic) | $2.82-18.5% | $3.46-30.2% | $4.96-1.0% | $5.01+18.4% | $4.23+42200.0% | |
| Weighted-avg shares (basic) | 120M-8.7% | 131M-7.7% | 142M-3.8% | 148M-3.7% | 154M+0.4% | |
| Weighted-avg shares (diluted) | 121M-8.3% | 132M-8.8% | 145M-2.8% | 149M-3.6% | 155M+0.7% | |
| Dividends per share | $0.72+4.3% | $0.69+4.5% | $0.66+4.8% | $0.63+5.0% | $0.60+36.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.59B+11.8% | 5.00B-3.2% | 5.16B+8.7% | 4.75B+4.4% | 4.55B-22.2% | ||
| Cash & equivalents | 3.09B+94.5% | 1.59B+3.6% | 1.53B+7.0% | 1.43B-23.6% | 1.87B-42.4% | |
| Accounts receivable | 226M-3.7% | 234M-12.3% | 267M+5.9% | 252M+38.5% | 182M+27.3% | |
| Inventory | 731M-2.0% | 746M-19.8% | 930M-2.2% | 951M+33.4% | 713M+36.2% | |
| Other current assets | 292M+12.6% | 260M+21.2% | 214M+9.3% | 196M+5.6% | 186M-33.8% | |
| 8.04B-32.3% | 11.9B-2.1% | 12.1B+5.6% | 11.5B+4.0% | 11.1B-8.0% | ||
| Property, plant & equipment | 750M-0.9% | 757M+3.5% | 732M+6.1% | 690M+0.9% | 684M-8.0% | |
| Operating lease right-of-use | 82.5M+29.3% | 63.9M-8.3% | 69.7M+58.5% | 43.9M-11.5% | 49.6M+9.8% | |
| Goodwill | 63.9M+3.7% | 61.7M-1.7% | 62.7M+1.0% | 62.1M-1.7% | 63.2M-4.2% | |
| Intangible assets | — | 5.57M-20.7% | 7.03M+9.9% | 6.39M-14.9% | 7.51M | |
| Deferred tax assets | 73.8M-58.0% | 176M+9.1% | 161M+19.4% | 135M+62.9% | 82.9M-47.7% | |
| Other non-current assets | 222M+72.2% | 129M-16.3% | 154M+14.1% | 135M+4.8% | 129M+5.1% | |
| 2.66B-25.3% | 3.56B+5.1% | 3.38B-4.2% | 3.53B+5.7% | 3.34B-16.0% | ||
| Accounts payable | 389M+30.3% | 299M-14.4% | 349M-7.6% | 378M+0.8% | 375M+28.9% | |
| Accrued liabilities | 672M+13.1% | 594M-8.2% | 647M+4.2% | 621M+3.2% | 602M+8.0% | |
| Deferred revenue | 34.7M+50.4% | 23.1M-1.2% | 23.4M+32.6% | 17.6M-3.7% | 18.3M+1.2% | |
| Short-term & current debt | 820M-55.7% | 1.85B+47.4% | 1.26B-25.5% | 1.68B+9.2% | 1.54B-24.4% | |
| Current lease liability | 17.3M-7.5% | 18.7M-0.1% | 18.7M+15.3% | 16.2M-6.7% | 17.4M+1.7% | |
| Long-term debt | 1.65B-63.1% | 4.47B-10.5% | 4.99B+12.0% | 4.46B-3.0% | 4.60B-22.5% | |
| Non-current lease liability | 69.4M+46.4% | 47.4M-8.5% | 51.8M+93.6% | 26.8M-10.5% | 29.9M-0.7% | |
| Operating lease liability (total) | 86.7M+31.2% | 66.1M-6.3% | 70.5M+64.1% | 43.0M-9.1% | 47.3M+0.2% | |
| Deferred tax liabilities | 5.51M-67.4% | 16.9M-49.6% | 33.5M+13.5% | 29.5M+218.8% | 9.26M+7.6% | |
| Other non-current liabilities | 195M-3.1% | 201M+15.8% | 174M-25.3% | 233M+12.6% | 207M-6.1% | |
| 3.14B-0.8% | 3.17B-2.7% | 3.25B+12.0% | 2.90B+13.7% | 2.55B+48.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.73M+0.3% | 1.72M+0.5% | 1.71M+0.5% | 1.70M+0.6% | 1.69M+0.5% | |
| Additional paid-in capital | 1.79B-0.1% | 1.79B+2.3% | 1.75B+3.8% | 1.69B+9.1% | 1.55B+2.6% | |
| Retained earnings | 3.72B+7.3% | 3.47B+11.7% | 3.10B+24.5% | 2.49B+35.2% | 1.84B+43.4% | |
| Treasury stock | 2.11B+19.9% | 1.76B+35.7% | 1.30B+38.7% | 935M+56.6% | 597M+1.5% | |
| Accumulated other comprehensive income | -257M+22.7% | -333M-9.1% | -305M+10.8% | -342M-41.9% | -241M+50.2% | |
| Non-controlling interest | 16.2M+314.4% | -7.55M-1371.2% | -513K-115.6% | 3.29M | 0.00 | |
| Total equity incl. non-controlling | 3.16B-0.1% | 3.16B-2.9% | 3.25B+11.9% | 2.91B+13.8% | 2.55B+48.2% | |
| Total liabilities & equity | 8.04B-32.3% | 11.9B-2.1% | 12.1B+5.6% | 11.5B+4.0% | 11.1B-8.0% | |
| Common shares issued | 173M+0.3% | 172M+0.4% | 171M+0.5% | 170M+0.6% | 169M+0.5% | |
| Common shares outstanding | 112M-10.2% | 124M-8.8% | 136M-6.5% | 146M-5.0% | 154M+0.4% | |
| Shares outstanding (cover) | 112M-10.2% | 125M-8.8% | 137M-6.6% | 146M-5.0% | 154M+0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 569M-46.5% | 1.06B+40.9% | 755M+37.6% | 548M-43.8% | 976M-17.2% | ||
| Depreciation & amortization | 172M+7.3% | 161M+1.6% | 158M+4.1% | 152M-8.0% | 165M-11.1% | |
| Intangible amortization | — | 1.10M+22.2% | 900K+12.5% | 800K+100.0% | 400K-63.6% | |
| Share-based compensation | 31.7M-35.2% | 49.0M-40.9% | 82.9M+52.5% | 54.4M+28.9% | 42.2M+79.4% | |
| Deferred income taxes | 84.1M+420.2% | -26.3M+12.6% | -30.1M-88.6% | -15.9M-107.7% | -7.67M+82.6% | |
| Change in receivables | -32.6M-65.1% | -19.8M-272.8% | 11.4M-86.1% | 82.4M+54.1% | 53.5M+141.9% | |
| Change in inventory | -47.6M+71.1% | -165M-674.4% | -21.3M-108.4% | 254M+22.5% | 208M+356.7% | |
| 3.78B+1085.8% | -383M+25.2% | -512M+33.7% | -773M-68.2% | -459M-588.0% | ||
| Capital expenditure | 154M-21.8% | 197M-5.2% | 207M+36.7% | 152M+26.2% | 120M-8.3% | |
| Free cash flow | 415M-52.1% | 867M+58.4% | 547M+38.0% | 397M-53.6% | 856M-18.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -1.13M+90.7% | -12.2M-658.3% | 2.18M+187.5% | -2.49M-16.4% | -2.14M+90.0% | |
| -3.01B-426.0% | -572M-227.7% | -175M+13.5% | -202M+89.3% | -1.88B-237.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 353M-23.2% | 460M+26.3% | 364M+7.5% | 339M+2813.4% | 11.6M+45.2% | |
| Dividends paid | 86.4M-5.3% | 91.2M-5.3% | 96.3M+3.4% | 93.2M+0.8% | 92.4M+35.7% | |
| Other financing activities | -787K-7254.5% | 11.0K-99.4% | 1.95M+198.0% | -1.99M-179.8% | 2.49M+2695.5% | |
| FX effect on cash | 13.5M+183.6% | -16.1M-1051.4% | 1.70M+108.7% | -19.5M-27.8% | -15.3M-181.6% | |
| Net change in cash | 1.35B+1367.7% | 92.0M+32.2% | 69.6M+115.6% | -446M+67.8% | -1.38B-155.3% | |
| Interest paid | 331M-7.8% | 359M+23.6% | 290M+25.4% | 232M+20.9% | 192M-22.1% | |
| Income taxes paid | 39.4M-64.6% | 111M-53.2% | 238M-2.7% | 244M+57.1% | 156M+407.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.29B-38.9% | 3.75B-26.9% | 5.13B-15.6% | 6.08B+4.9% | 5.80B+3.1% | |
| P/E | 6.8×-17.9% | 8.2×+16.1% | 7.1×-15.8% | 8.4×-5.5% | 8.9×-99.8% | |
| P/S | 0.5×-29.2% | 0.7×-16.4% | 0.9×-19.8% | 1.1×-0.6% | 1.1×-21.7% | |
| P/B | 0.7×-38.4% | 1.2×-23.5% | 1.6×-27.6% | 2.1×-5.7% | 2.3×-30.4% | |
| P/FCF | 5.5×+27.6% | 4.3×-60.0% | 10.8×-14.5% | 12.6×+86.4% | 6.8×+26.1% | |
| Earnings yield | 14.8%+21.8% | 12.1%-13.8% | 14.1%+18.8% | 11.9%+5.8% | 11.2%+48483.8% | |
| FCF yield | 18.1%-21.6% | 23.1%+149.7% | 9.3%+17.0% | 7.9%-46.4% | 14.8%-20.7% | |
| Dividend yield | 3.5%+53.4% | 2.3%+27.8% | 1.8%+18.3% | 1.5%-4.9% | 1.6%+32.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HOG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HOG filings on SEC EDGAR → Not investment advice.