Harley-Davidson, Inc.
NYSE•HOG
CEO: Mr. Jochen Zeitz
Sector: Consumer Cyclical
Industry: Auto - Recreational Vehicles
Listing Date: 1986-07-08
Harley-Davidson, Inc. manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels. The LiveWire segment sells electric motorcycles, balance bikes for kids, parts and accessories, apparel, and related parts and services. The Harley-Davidson Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, such as installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale insurance and voluntary protection products. This segment also licenses third-party financial institutions that issue credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is based in Milwaukee, Wisconsin.
Contact Information
Market Cap
$2.11B
P/E (TTM)
6.0
8.7
Dividend Yield
4.1%
52W High
$31.25
52W Low
$17.11
52W Range
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$496.16M+0.00%
4-Quarter Trend
EPS
-$2.44+0.00%
4-Quarter Trend
FCF
$100.43M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
HDFS Income Surge Post-Transaction HDFS operating income reached $490.4M in 2025, up $242.0M from 2024, driven by the HDFS Transaction components finalized in 2025.
LiveWire Operating Loss Narrowed LiveWire segment operating loss decreased $34.6M to $(75.0M) in 2025, reflecting successful cost reduction initiatives across operations.
Consolidated Net Income Decline Net income attributable to H-D Inc. fell $116.6M to $338.7M in 2025, resulting in diluted EPS of $2.78 compared to $3.44.
Worldwide Retail Sales Decreased Worldwide dealer retail unit sales declined 12.4% in 2025, negatively impacted by challenging macroeconomic environment and high interest rates.
Risk Factors
HDMC Profitability Collapse HDMC shifted to an operating loss of $(28.7M) in 2025 from $277.8M income, primarily due to a 16.4% drop in wholesale motorcycle shipments.
Tariff Costs Impacting Margins New and increased tariffs cost the company approximately $67M in 2025, with estimates projecting up to $105M in costs for the 2026 fiscal year.
Premium Pricing Under Pressure Maintaining premium pricing is dependent on continuous innovation amid evolving regulations and increasing competition across segments.
Dealer Network Execution Risk Business success relies heavily on independent dealers implementing effective retail strategies; failure risks market coverage and revenue growth.
Outlook
New Strategic Plan Forthcoming CEO Starrs initiated strategy review; new strategic plan expected announcement in conjunction with the first quarter 2026 earnings release.
2026 Wholesale Shipment Guidance Expecting 2026 wholesale shipments between 130,000 and 135,000 units, with Q1 and Q3 shipments lower than 2025 levels.
HDMC 2026 Operating Forecast 2026 HDMC operating results forecast ranges from a $40M loss to $10M income due to unfavorable manufacturing leverage impacts.
Share Repurchase Program Paused Discretionary share repurchases are paused until the new strategic plan is developed and announced in Q2 2026.
Peer Comparison
Revenue (TTM)
$8.57B
$7.43B
$7.15B
Gross Margin (Latest Quarter)
92.6%
90.4%
57.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| RUSHA | $4.80B | 18.2 | 12.1% | 35.0% |
| ANF | $4.00B | 7.7 | 39.0% | 33.0% |
| PATK | $3.82B | 27.5 | 11.7% | 53.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-28.0%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 23, 2026
EPS:$0.30
|Revenue:$1.02B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data