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Companies / Consumer Discretionary / Harley-Davidson, Inc.
HOG

Harley-Davidson, Inc.

Consumer DiscretionaryTransportation Equipment
Ticker HOGMILWAUKEE, WIFiscal year ends DecemberBook value per share $28.33Diluted shares 107.1M

Harley-Davidson, Inc. (NYSE: HOG) designs, manufactures and sells motorcycles, related parts and accessories, apparel, and licensed products, primarily through independent dealers worldwide. Its three reportable segments are Harley-Davidson Motor Company (HDMC), which sells internal-combustion motorcycles and related… From the company’s description.

Over the twelve months to Sep 30, 2026, Harley-Davidson, Inc. reported revenue of $3.98B, down 14.6% from a year earlier, and a net loss of $138.51M. Its operating margin was −5.6%, and operations generated $427.95M in cash. In fiscal 2025, it reported revenue of $4.47B, down 13.8% from fiscal 2024, and net income of $329.15M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.47BFY2025
−13.8% year over year
Last 12 mo $3.98B
8.64%FY2025
+0.6 percentage points
Last 12 mo -5.63%
$329.15MFY2025
−26.1% year over year
Last 12 mo $-138.51M
10.79%FY2025
−3.6 percentage points
Last 12 mo -4.35%
Cash & financing
$568.92MFY2025
−46.5% year over year
Last 12 mo $427.95M
$415.24MFY2025
−52.1% year over year
Last 12 mo $311.94M
0.94FY2025
Was 2.20× a year earlier
Last 12 mo 0.77
121.3MFY2025
−8.3% year over year
Last 12 mo 107.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Harley-Davidson, Inc. does

In the company’s own words

Harley-Davidson, Inc. (NYSE: HOG) designs, manufactures and sells motorcycles, related parts and accessories, apparel, and licensed products, primarily through independent dealers worldwide. Its three reportable segments are Harley-Davidson Motor Company (HDMC), which sells internal-combustion motorcycles and related products; LiveWire, which sells electric motorcycles, children’s electric balance bikes and related products; and Harley-Davidson Financial Services (HDFS), which provides wholesale dealer financing, retail motorcycle loans, and insurance and protection products through third parties. In 2025, segment revenue was $3.58 billion for HDMC, $869 million for HDFS and $25.7 million for LiveWire, out of total revenue of $4.47 billion. HDMC’s product categories include Grand American Touring, Trike, Cruiser, Sport, Lightweight and Adventure Touring; LiveWire’s balance bikes are sold under the STACYC brand. The company traces its origins to 1903, and Harley-Davidson, Inc. acquired the motorcycle business in a 1981 management buyout. At year-end 2025, it had approximately 5,500 employees and 1,174 HDMC dealership points worldwide. Its website is http://www.harley-davidson.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Transportation Equipment
Headquarters
MILWAUKEE, WI
Fiscal year end
December
CIK
793952
SIC
3751

Financial performance, year by year

Fiscal 2011–2025 · USD
$-775.21M$1.13B$3.04B$4.96B$6.87B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Harley-Davidson, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

306
funds hold it
0 of 35
superinvestors hold it
$1.08B
held by funds, at market
44.1%
of shares held by funds
9
bond issues held by funds

Largest fund holders · Harley-Davidson, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.07%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SELECTED VALUE FUND
VASVX · VANGUARD WHITEHALL FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Harley-Davidson, Inc.’s bonds, as funds hold them

Funds report holding 9 issues of Harley-Davidson, Inc.’s debt, $100.99M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.60%, maturing 2026 to 2045.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Harley-Davidson, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Harley-Davidson, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Harley-Davidson, Inc.'s last four quarterly filings that the numbers alone won't show?”
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