HARLEY-DAVIDSON, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.5B | $5.2B | $5.8B | $5.8B | $5.3B |
| Cost of revenue | $2.7B | $3.0B | $3.3B | $3.4B | $3.2B |
| Selling, general & administrative | $1.1B | $1.1B | $1.2B | $1.1B | $1.1B |
| Research and development | — | — | $159.3M | $158.6M | $175.1M |
| Operating income | $386.6M | $416.6M | $779.1M | $909.3M | $823.4M |
| Interest expense | $33.4M | $30.7M | $30.8M | $31.2M | $31.0M |
| Pretax income | $458.7M | $517.1M | $866.9M | $931.2M | $819.2M |
| Income tax expense | $129.6M | $72.0M | $171.8M | $192.0M | $169.2M |
| Net income | $338.7M | $455.4M | $706.6M | $741.4M | $650.0M |
| Balance Sheet | |||||
| Cash and equivalents | $3.1B | $1.6B | $1.5B | $1.4B | $1.9B |
| Current assets | $5.6B | $5.0B | $5.2B | $4.8B | $4.6B |
| Total assets | $8.0B | $11.9B | $12.1B | $11.5B | $11.1B |
| Current liabilities | $2.7B | $3.6B | $3.4B | $3.5B | $3.3B |
| Total debt | $3.0B | $7.0B | $7.1B | $6.9B | $6.9B |
| Stockholders' equity | $3.1B | $3.2B | $3.3B | $2.9B | $2.6B |
| Cash Flow Statement | |||||
| Cash from operations | $568.9M | $1.1B | $754.9M | $548.5M | $975.7M |
| Depreciation and amortization | $172.4M | $160.7M | $158.1M | $151.9M | $165.2M |
| Stock-based compensation | $31.7M | $49.0M | $82.9M | $54.4M | $42.2M |
| Capital expenditure | $153.7M | $196.6M | $207.4M | $151.7M | $120.2M |
| Free cash flow | $415.2M | $867.3M | $547.5M | $396.8M | $855.5M |
| Dividends paid | $86.4M | $91.2M | $96.3M | $93.2M | $92.4M |
| Share repurchases | $353.3M | $459.8M | $364.0M | $338.6M | $11.6M |
Shares outstanding 105.3M · Free float 99.2%
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.