Harley-Davidson (NYSE: HOG) financial statements
The consolidated income statement, balance sheet and cash flow statement of Harley-Davidson for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $8,045m in total assets and $3,141m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4,473m | $5,187m | $5,836m | $5,755m | $5,336m | $4,054m | $5,362m | $5,717m | $5,647m | $5,996m |
| Cost of sales | $2,742m | $3,006m | $3,322m | $3,404m | $3,243m | $2,436m | $3,230m | $3,352m | $3,272m | $3,426m |
| Gross profit | $1,731m | $2,181m | $2,514m | $2,351m | $2,093m | $1,619m | $2,132m | $2,365m | $2,375m | $2,570m |
| Operating profit | $386.6m | $416.6m | $779.1m | $909.3m | $823.4m | $9.7m | $555.6m | $713.5m | $882.1m | $1,046m |
| Finance costs | $33.4m | $30.7m | $30.8m | $31.2m | $31.0m | $31.1m | $31.1m | $30.9m | $31.0m | $29.7m |
| Profit before tax | $458.7m | $517.1m | $866.9m | $931.2m | $819.2m | −$15.7m | $557.4m | $686.6m | $863.8m | $1,024m |
| Income tax | $129.6m | $72.0m | $171.8m | $192.0m | $169.2m | $17.0m | $133.8m | $155.2m | $342.1m | $331.7m |
| Net profit | $338.7m | $455.4m | $706.6m | $741.4m | $650.0m | $1.3m | $423.6m | $531.5m | $521.8m | $692.2m |
| Earnings per share | $2.82 | $3.46 | $4.96 | $5.01 | $4.23 | $0.01 | $2.70 | $3.21 | $3.03 | $3.85 |
| Diluted earnings per share | $2.78 | $3.44 | $4.87 | $4.96 | $4.19 | $0.01 | $2.68 | $3.19 | $3.02 | $3.83 |
| Depreciation and amortisation | $172.4m | $160.7m | $158.1m | $151.9m | $165.2m | $185.7m | $232.5m | $264.9m | $222.2m | $209.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $8,045m | $11,882m | $12,141m | $11,492m | $11,051m | $12,011m | $10,528m | $10,666m | $9,973m | $9,890m |
| Current assets | $5,587m | $4,997m | $5,164m | $4,751m | $4,550m | $5,845m | $4,203m | $4,484m | $3,885m | $3,854m |
| Inventories | $730.9m | $745.8m | $930.0m | $951.0m | $712.9m | $523.5m | $603.6m | $556.1m | $538.2m | $499.9m |
| Property, plant and equipment | $750.2m | $757.1m | $731.7m | $689.9m | $684.0m | $743.8m | $847.4m | $904.1m | $967.8m | $981.6m |
| Goodwill | $63.9m | $61.7m | $62.7m | $62.1m | $63.2m | $66.0m | $64.2m | $55.0m | $55.9m | $53.4m |
| Cash | $3,092m | $1,590m | $1,534m | $1,433m | $1,875m | $3,257m | $833.9m | $1,204m | $687.5m | $760.0m |
| Current liabilities | $2,659m | $3,557m | $3,384m | $3,534m | $3,343m | $3,982m | $3,197m | $3,598m | $3,158m | $2,863m |
| Equity | $3,141m | $3,166m | $3,253m | $2,904m | $2,553m | $1,723m | $1,804m | $1,774m | $1,844m | $1,920m |
| Equity including minorities | $3,157m | $3,159m | $3,252m | $2,907m | $2,553m | $1,723m | $1,804m | $1,774m | $1,844m | $1,920m |
| Minority interests | $16.2m | −$7.5m | −$0.5m | $3.3m | $0.0m | $0.0m | $0.0m | — | — | — |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $568.9m | $1,064m | $754.9m | $548.5m | $975.7m | $1,178m | $868.3m | $1,206m | $1,005m | $1,174m |
| Investing cash flow | $3,779m | −$383.3m | −$512.3m | −$773.0m | −$459.4m | −$66.8m | −$508.1m | −$662.3m | −$562.5m | −$392.7m |
| Financing cash flow | −$3,010m | −$572.3m | −$174.6m | −$202.0m | −$1,885m | $1,374m | −$712.2m | −$14.8m | −$550.3m | −$777.9m |
| Capital expenditure | −$153.7m | −$196.6m | −$207.4m | −$151.7m | −$120.2m | −$131.1m | −$181.4m | −$213.5m | −$206.3m | −$256.3m |
| Dividends paid | −$86.4m | −$91.2m | −$96.3m | −$93.2m | −$92.4m | −$68.1m | −$237.2m | −$245.8m | −$251.9m | −$252.3m |
Where each figure comes from
From the annual report (Form 10-K) that Harley-Davidson files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Harley-Davidson page.
Dividend per share of Harley-Davidson by fiscal year, with the filing behind every figure: Harley-Davidson dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.