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) Free cash flow
Harley-Davidson, Inc.'s free cash flow for fiscal 2025 was $415.2M, down 52.1% from $867.3M in fiscal 2024. Over the twelve months to 30 September 2026 it was $311.9M. Over the past ten years it has ranged from $396.8M (fiscal 2022) to $1.0B (fiscal 2020); the current reading is higher than 18% of that period. Harley-Davidson, Inc. ranks 4th of 18 Recreational Vehicles companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $415.2M | (52.12%) |
| FY2024 | $867.3M | 58.41% |
| FY2023 | $547.5M | 37.98% |
| FY2022 | $396.8M | (53.62%) |
| FY2021 | $855.5M | (18.28%) |
| FY2020 | $1.0B | 52.42% |
| FY2019 | $686.8M | (30.79%) |
| FY2018 | $992.4M | 24.24% |
| FY2017 | $798.8M | (13.00%) |
| FY2016 | $918.1M | 9.28% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $315.9M | 103.23% |
| Jun 2026 | $155.4M | — |
| Mar 2026 | −$259.8M | — |
| Dec 2025 | $100.4M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| DOO BRP Inc. compare | $852.5M |
| BC Brunswick Corporation compare | $388.7M |
| LCII LCI Industries compare | $316.1M |
| HOG Harley-Davidson, Inc. | $311.9M |
| PII Polaris Inc. compare | $265.5M |
| THO Thor Industries, Inc. compare | $236.7M |
| PATK Patrick Industries, Inc. compare | $203.9M |
| WGO Winnebago Industries, Inc. compare | $150.2M |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | $22.4M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on HOG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement