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Harley-Davidson HOG Non-Financial Services Entities — Operating Income (Loss)

Other segment segments

Financial Services Entities
$21.6M-69.0%
LiveWire
-$17.93M+3.9%

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Other financials

Income statement

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Revenue$1.2B-5.9%
Gross profit$421.1M-24.3%
Operating income$76.0M-32.4%
Net income$79.8M-25.8%
EPS (diluted)$0.75-14.8%

Balance sheet

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Cash & equivalents$1.9B+19.4%
Total debt$1.8B-63.3%
Total equity$3.1B-6.6%
Total assets$7.2B-39.9%

Cash flow

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Operating cash flow-$228.0M-261%
CapEx$12.9M-63.7%
Free cash flow-$259.8M-333%

Valuation

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Market cap$2.67B-9.1%
Enterprise value$2.59B-58.8%
P/E4.5×+1.1×
P/S0.6×0.0×

Profitability

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Gross margin33.4%-8.9pp
Operating margin11%-2.6pp
Net margin10.8%-1.4pp
FCF margin18.4%+6.0pp

Returns & leverage

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Return on equity17.7%-5.8pp
Debt / equity0.6×-0.9×
Current ratio1.9×+0.5×

Where this comes from

Reported directly by Harley-Davidson in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Harley-Davidson’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000793952-26-000061
Line itemThree months ended / June 30,2026Three months ended / June 30,2025Six months ended / June 30,2026Six months ended / June 30,2025
People expenses(a)90,88090,566192,668171,874
Marketing and advertising expenses(b)44,67648,91981,03880,914
Other segment items(c)96,23297,904206,146183,574
Operating income72,33861,31691,263177,587
LiveWire:
Revenue9,1146,01114,2308,754
Motorcycles and related products cost of goods sold9,1625,84914,81310,373
Gross (loss) profit(48)162(583)(1,619)

Item 1. Financial Statements

FAQ

What is Harley-Davidson's non-financial services entities — operating income (loss)?
Harley-Davidson (HOG) reported non-financial services entities — operating income (loss) of $72.34M in Q2 2026.
How has Harley-Davidson's non-financial services entities — operating income (loss) changed year-over-year?
Harley-Davidson's non-financial services entities — operating income (loss) increased by 18.0% year-over-year, from $61.32M to $72.34M.
What is the long-term trend for Harley-Davidson's non-financial services entities — operating income (loss)?
Over 3 years (2021 to 2025), Harley-Davidson's non-financial services entities — operating income (loss) has grown at a -60.8% compound annual growth rate (CAGR), from $476.81M to -$28.73M.
What does non-financial services entities — operating income (loss) mean?
This metric represents the profit or loss generated from core manufacturing operations after accounting for all operating expenses, including marketing, R&D, and administrative costs. It is the primary measure of the operational health and profitability of the core business segment.

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