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Harley-Davidson HOG Return on equity

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9.4%+7.2pp

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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Debt / equity0.6×-0.9×
Current ratio1.9×+0.5×

Where this comes from

Calculated from Harley-Davidson’s reported figures.

Based on trailing twelve months.

The source filing: Harley-Davidson’s 10-Q, filed November 5, 2025. Open the filing →

Filed
Nov 5, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0000793952-25-000188

FAQ

What is Harley-Davidson's return on equity?
Harley-Davidson (HOG) reported return on equity of 17.7% in Q3 2024.
How has Harley-Davidson's return on equity changed year-over-year?
Harley-Davidson's return on equity decreased by 24.5% year-over-year, from 23.5% to 17.7%.
What is the long-term trend for Harley-Davidson's return on equity?
Over 2 years (2021 to 2023), Harley-Davidson's return on equity has grown at a -13.1% compound annual growth rate (CAGR), from 30.4% to 23%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

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