stockrowHarley-Davidson, Inc.
HOG Consumer Cyclical Recreational Vehicles
Harley-Davidson, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, down 13.8% from fiscal 2024.
- Revenue
- −19.3%
- EPS
- −87.4%
- Free cash flow
- +344.7%
- Total debt
- −54.7%
Quarter to September 2026, against a year earlier
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Harley-Davidson, Inc. (HOG) Debt to equity
Harley-Davidson, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.8×, down 0.2× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.9× (fiscal 2025) to 5.2× (fiscal 2020) — the current reading is the lowest in ten years. That is above the Recreational Vehicles industry median of 0.4× and above the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.9× | (57.35%) |
| FY2024 | 2.2× | 0.58% |
| FY2023 | 2.2× | (7.87%) |
| FY2022 | 2.4× | (11.87%) |
| FY2021 | 2.7× | (48.27%) |
| FY2020 | 5.2× | 26.40% |
| FY2019 | 4.1× | (3.66%) |
| FY2018 | 4.3× | 13.06% |
| FY2017 | 3.8× | 6.87% |
| FY2016 | 3.5× | (5.09%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 0.8× | 6.61% |
| Jun 2026 | 0.7× | 3.99% |
| Mar 2026 | 0.7× | (26.36%) |
| Dec 2025 | 0.9× | (35.15%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | 0.0× |
| THO Thor Industries, Inc. compare | 0.2× |
| WGO Winnebago Industries, Inc. compare | 0.4× |
| LCII LCI Industries compare | 0.6× |
| HOG Harley-Davidson, Inc. | 0.8× |
| BC Brunswick Corporation compare | 1.2× |
| PATK Patrick Industries, Inc. compare | 1.2× |
| PII Polaris Inc. compare | 1.9× |
| DOO BRP Inc. compare | 7.5× |
| Recreational Vehicles industry median | 0.4× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on HOG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement