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Friday 6 November 2026
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LiveWire Group, Inc.
LVWR Consumer Cyclical Recreational Vehicles
LiveWire Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.7 million, down 3.61% from fiscal 2024.
- Revenue
- +37.9%
- EPS
- +10.0%
- Free cash flow
- +7.75%
Quarter to September 2026, against a year earlier
0.54
0.04
−6.90%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 31 | 36 | 47 | 38 | 27 | 26 | 33 | (3.6%) | 181 | — | — | +605.0% | |
| Gross margin, % | — | — | — | — | (80.86) | (7.19) | 6.20 | (15.18) | (48.00) | (17.27) | (2.60) | +63.6 pt | ||||||
| EBT | — | — | — | — | (77) | (68) | (79) | (109) | (94) | (75) | (73) | (0.6%) | ||||||
| EBT margin, % | — | — | — | — | (250.19) | (190.34) | (168.62) | (287.91) | (352.50) | (291.85) | (218.70) | (41.7) pt | ||||||
| Net income | — | 0 | — | — | (78) | (68) | (79) | (110) | (94) | (75) | (73) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.19 | 0.22 | 0.27 | 0.19 | 0.13 | 0.13 | 0.16 | (8.1%) | |||||
| Earnings | — | — | — | — | (0.48) | (0.42) | (0.46) | (0.54) | (0.46) | (0.37) | (0.36) | (5.1%) | ||||||
| Cash flow | — | — | — | — | (0.33) | (0.46) | (0.52) | (0.41) | (0.46) | (0.26) | (0.23) | (4.7%) | ||||||
| Capex | — | — | — | — | (0.02) | (0.06) | (0.08) | (0.07) | (0.04) | (0.02) | (0.02) | (1.4%) | ||||||
| Free cash flow | — | — | — | — | (0.35) | (0.52) | (0.60) | (0.48) | (0.50) | (0.28) | (0.24) | (4.5%) | ||||||
| Book value | — | — | — | — | (0.36) | 0.12 | 1.78 | 1.02 | 0.57 | 0.23 | (0.03) | n/m | ||||||
| Shares, m | — | — | — | — | 161 | 161 | 172 | 203 | 203 | 204 | 205 | +4.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 18.66 | 58.00 | 36.70 | 35.08 | 3.32 | 24.7 | ||||||
| P/B | — | — | — | — | 0.00 | 80.72 | 2.85 | 10.71 | 8.49 | 19.56 | 0.00 | 20.4 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 13.06 | 53.64 | 34.36 | 34.77 | 4.44 | 22.6 | ||||||
| EV/FCF | — | — | — | — | 0.00 | (21.62) | (5.90) | (21.04) | (8.98) | (15.56) | (2.98) | (12.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (54) | (75) | (90) | (83) | (94) | (54) | (46) | (0.1%) | |||||
| Capex | — | — | — | — | (3) | (10) | (14) | (13) | (8) | (4) | (4) | +3.3% | ||||||
| Free cash flow | — | — | — | — | (57) | (84) | (104) | (97) | (102) | (57) | (50) | +0.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (11) | 2 | 267 | 164 | 69 | 82 | 42 | n/m | |||||
| Net debt | — | — | — | — | (2) | 3 | (262) | (167) | (64) | (8) | 37 | +36.2% | ||||||
| Shareholders’ equity | — | — | — | — | (58) | 20 | 307 | 206 | 115 | 46 | (6) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (38.56) | (29.42) | (38.16) | (35.46) | (45.36) | (51.03) | (75.20) | (12.5) pt | |||||
| ROIC | — | — | — | — | 0.00 | (184.80) | (118.56) | (187.07) | (136.10) | (123.39) | (141.29) | (123.4) pt | ||||||
| ROE | — | — | — | — | (53.67) | 359.77 | (48.32) | (42.74) | (58.52) | (93.23) | (257.95) | (39.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 3 | 3 | 225 | 248 | 182 | 151 | — | +119.0% | |||||
| Revenue/emp, $m | — | — | — | — | 10.29 | 11.94 | 0.21 | 0.15 | 0.15 | 0.17 | — | (56.0%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
LiveWire Group, Inc. vs peers in Recreational Vehicles (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LCII LCI Industries | $2.5B | 12.5× | 11.8× | −4.24% (below 0%: shrinking) | −19.53% (below 0%: shrinking) | −35.24% (below 0%: shrinking) | 26.58% | 7.56% | Compare |
| WGO Winnebago Industries, Inc. | $944.6M | 27.5× | 20.4× | −17.01% (below 0%: shrinking) | −30.61% (below 0%: shrinking) | −20.96% (below 0%: shrinking) | 12.51% | 2.73% | Compare |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. | $503.4M | — (loss-making) | 12.7× | +63.41% (above 0%: growing) | n/m | −18.29% (below 0%: shrinking) | 22.56% | (4.86%) | Compare |
| MBUU Malibu Boats, Inc. | $406.2M | 50.6× | 13.3× | +29.89% (above 0%: growing) | n/m | −1,808.53% (below 0%: shrinking) | 14.96% | 5.20% | Compare |
| LVWR LiveWire Group, Inc. | $111.0M | — (loss-making) | — | +37.92% (above 0%: growing) | n/m | +7.75% (above 0%: growing) | (4.77%) | (222.65%) | |
| EMPD Empery Digital Inc. | $61.1M | — (loss-making) | — (loss-making) | −57.94% (below 0%: shrinking) | n/m | +58.28% (above 0%: growing) | (85.25%) | (52,585.50%) | Compare |
| MAMO Massimo Group | $39.9M | 9.7× | — | −21.13% (below 0%: shrinking) | +1,478.95% (above 0%: growing) | +164.77% (above 0%: growing) | 48.81% | 11.14% | Compare |
| KNDI Kandi Technologies Group, Inc. | $33.5M | — (loss-making) | — (loss-making) | −16.71% (below 0%: shrinking) | n/m | −880.32% (below 0%: shrinking) | 31.30% | (22.47%) | Compare |
| VEEE Twin Vee PowerCats, Co. | $4.8M | — (loss-making) | 4.1× | −19.16% (below 0%: shrinking) | n/m | +37.70% (above 0%: growing) | (13.61%) | (112.15%) | Compare |
| Median of peers | $233.6M | 20.0× | 12.7× | −16.86% | −19.53% | −19.62% | 18.76% | (1.06%) |