Harley-Davidson, Inc.
HOG- Exchange
- NYSE
- Industry
- Motorcycles, Bicycles & Parts
- SEC CIK
- 0000793952
In the last 90 days, Harley-Davidson, Inc. insiders filed 0 open-market purchases and 2 sales; 444 institutions reported holding it in 13F filings for Q2 2026, worth $2.66B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:07 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 2, 2023 | Feb 8, 2022 |
| Revenue | $4.47B | $5.19B | $5.84B | $5.76B | $5.34B |
| Cost of revenue | $2.74B | $3.01B | $3.32B | $3.40B | $3.24B |
| Research and development | – | – | $159.3M | $158.6M | $175.1M |
| Selling, general and administrative | $1.15B | $1.15B | $1.18B | $1.08B | $1.05B |
| Operating income | $386.6M | $416.6M | $779.1M | $909.3M | $823.4M |
| Interest expense | – | – | $30.8M | $31.2M | $31.0M |
| Income tax | $129.6M | $72.0M | $171.8M | $192.0M | $169.2M |
| Net income | $338.7M | $455.4M | $706.6M | $741.4M | $650.0M |
| EPS, basic | $2.82 | $3.46 | $4.96 | $5.01 | $4.23 |
| EPS, diluted | $2.78 | $3.44 | $4.87 | $4.96 | $4.19 |
| Weighted shares, basic | 120.1M | 131.4M | 142.4M | 148.0M | 153.7M |
| Weighted shares, diluted | 121.3M | 132.3M | 145.1M | 149.4M | 155.0M |
| Margins and growth | |||||
| Operating margin | 8.6% | 8.0% | 13.3% | 15.8% | 15.4% |
| Net margin | 7.6% | 8.8% | 12.1% | 12.9% | 12.2% |
| Revenue growth, year over year | −13.8% | −11.1% | +1.4% | +7.8% | +31.6% |
| Net income growth, year over year | −25.6% | −35.6% | −4.7% | +14.1% | +49,978.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 2, 2023 | Feb 8, 2022 |
| Cash and equivalents | $3.09B | $1.59B | $1.53B | $1.43B | $1.87B |
| Accounts receivable | $225.8M | $234.3M | $267.2M | $252.2M | $182.1M |
| Inventory | $730.9M | $745.8M | $930.0M | $951.0M | $712.9M |
| Total current assets | $5.59B | $5.00B | $5.16B | $4.75B | $4.55B |
| Property, plant and equipment | $750.2M | $757.1M | $731.7M | $689.9M | $684.0M |
| Goodwill | $63.9M | $61.7M | $62.7M | $62.1M | $63.2M |
| Intangible assets | – | $5.57M | $7.03M | $6.39M | – |
| Total assets | $8.04B | $11.9B | $12.1B | $11.5B | $11.1B |
| Accounts payable | $389.2M | $298.7M | $349.2M | $378.0M | $375.0M |
| Short-term debt | $497.8M | $640.2M | $878.9M | $770.5M | $751.3M |
| Total current liabilities | $2.66B | $3.56B | $3.38B | $3.53B | $3.34B |
| Long-term debt | $1.65B | $4.47B | $4.99B | $4.46B | $4.60B |
| Shareholders' equity | $3.16B | $3.16B | $3.25B | $2.91B | $2.55B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 5, 2025 | Feb 8, 2024 | Feb 2, 2023 | Feb 8, 2022 |
| Operating cash flow | $568.9M | $1.06B | $754.9M | $548.5M | $975.7M |
| Capital expenditures | $153.7M | $196.6M | $207.4M | $151.7M | $120.2M |
| Free cash flow | $415.2M | $867.3M | $547.5M | $396.8M | $855.5M |
| Depreciation and amortization | $172.4M | $160.7M | $158.1M | $151.9M | $165.2M |
| Stock-based compensation | $31.7M | $49.0M | $82.9M | $54.4M | $42.2M |
| Dividends paid | $86.4M | $91.2M | $96.3M | $93.2M | $92.4M |
| Share buybacks | $353.3M | $459.8M | $364.0M | $338.6M | $11.6M |
| Investing cash flow | $3.78B | -$383.3M | -$512.3M | -$773.0M | -$459.4M |
| Financing cash flow | -$3.01B | -$572.3M | -$174.6M | -$202.0M | -$1.88B |
| Net change in cash | $1.35B | $92.0M | $69.6M | -$446.0M | -$1.38B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.7% | 0.9% | 1.4% | 0.9% | 0.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 101.0M | −14.5% | SEC |
| Jul 31, 2026 | 104.1M | −14.4% | SEC |
| Apr 30, 2026 | 105.3M | −13.4% | SEC |
| Jan 30, 2026 | 111.9M | −10.2% | SEC |
| Oct 31, 2025 | 118.1M | −7.2% | SEC |
| Jul 30, 2025 | 121.6M | −7.6% | SEC |
| Apr 29, 2025 | 121.5M | −9.7% | SEC |
| Jan 31, 2025 | 124.5M | −8.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.