Harley-Davidson, Inc. (HOG) — Financial statements
Income statement, balance sheet, and cash flow for Harley-Davidson, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,473↓13.8% | 5,187↓11.1% | 5,836↑1.4% | 5,755↑7.8% | 5,336 | |
| Cost of Revenue | 3,121↓7.6% | 3,378↓7.6% | 3,655↑0.9% | 3,621↑5.4% | 3,436 | |
| Gross Profit | 1,353↓25.2% | 1,809↓17.1% | 2,182↑2.3% | 2,134↑12.3% | 1,900 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 895↓21.8% | 1,145↓2.6% | 1,176↑8.9% | 1,079↑2.6% | 1,052 | |
| Other Expenses | 71↓71.5% | 247↑8.8% | 227↑56.5% | 145↑479.4% | 25 | |
| Operating Expenses | 966↓30.6% | 1,392↓0.7% | 1,403↑14.6% | 1,224↑13.7% | 1,077 | |
| Total Costs & Expenses | 4,087↓14.3% | 4,770↓5.7% | 5,057↑4.4% | 4,846↑7.4% | 4,513 | |
| Operating Results | ||||||
| Operating Income | 387↓7.2% | 417↓46.5% | 779↓14.3% | 909↑10.4% | 823 | |
| Depreciation & Amortization | 0.00↓100.0% | 161↑1.6% | 158↑4.1% | 152↓8.0% | 165 | |
| EBITDA | 492↓30.5% | 709↓32.9% | 1,056↓5.3% | 1,114↑9.8% | 1,015 | |
| EBIT | 492↓10.2% | 548↓39.0% | 898↓6.7% | 962↑13.2% | 850 | |
| Interest & Other Income | ||||||
| Net Interest Income | 11↑135.2% | -31↑0.1% | -31↑1.4% | -31↓0.8% | -31 | |
| Interest Income | 44 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 33↑8.8% | 31↓0.1% | 31↓1.4% | 31↑0.8% | 31 | |
| Non-Operating Income | -106↑19.6% | -131↓10.7% | -119↓122.9% | -53↓98.7% | -27 | |
| Other Income / Expenses | 72↓28.3% | 101↑14.5% | 88↑299.9% | 22↑622.5% | -4 | |
| Income Before Tax | 459↓11.3% | 517↓40.3% | 867↓6.9% | 931↑13.7% | 819 | |
| Income Tax Expense | 130↑80.1% | 72↓58.1% | 172↓10.5% | 192↑13.5% | 169 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 329↓26.1% | 445↓36.0% | 695↓6.0% | 739↑13.7% | 650 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 339↓25.6% | 455↓35.6% | 707↓4.7% | 741↑14.1% | 650 | |
| Bottom-Line Net Income | 339↓25.6% | 455↓35.6% | 707↓4.7% | 741↑14.1% | 650 | |
| EPS (Basic) | 2.82↓18.5% | 3.46↓30.2% | 4.96↓1.0% | 5.01↑18.4% | 4.23 | |
| EPS (Diluted) | 2.78↓19.2% | 3.44↓29.4% | 4.87↓1.8% | 4.96↑18.4% | 4.19 | |
| Weighted Average Shares | 120↓8.7% | 131↓7.7% | 142↓3.8% | 148↓3.7% | 154 | |
| Weighted Average Diluted Shares | 121↓8.3% | 132↓8.8% | 145↓2.8% | 149↓3.6% | 155 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.