Harley-Davidson, Inc. (HOG) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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HOG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HOG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 30.2% | 8.6% | 7.6% |
| 2024 | 34.9% | 8.0% | 8.8% |
| 2023 | 37.4% | 13.3% | 12.1% |
| 2022 | 37.1% | 15.8% | 12.9% |
| 2021 | 35.6% | 15.4% | 12.2% |
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Harley-Davidson, Inc. (HOG) Earnings Overview
As of May 8, 2026, Harley-Davidson, Inc. (HOG) reported trailing twelve-month net income of $230M, reflecting -19.2% year-over-year growth. The company earned $2.08 per diluted share over the past four quarters, with a net profit margin of 7.6%.
Looking at the long-term picture, HOG's 5-year EPS compound annual growth rate (CAGR) stands at +219.1%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.04B in fiscal 2006.
Harley-Davidson, Inc. maintains positive profitability with a gross margin of 30.2%, operating margin of 8.6%, and net margin of 7.6%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PII (-$446M net income, -6.5% margin), FOXF (-$300M net income, -37.1% margin), MBLY (-$4.11B net income, -20.7% margin), HOG has outperformed on profitability metrics. Compare HOG vs PII →
HOG Earnings vs Peers
Earnings metrics vs comparable public companies
HOG Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $339M | -25.6% | $387M | $2.78 | 7.6% | 8.6% |
| 2024 | $455M | -35.6% | $417M | $3.44 | 8.8% | 8.0% |
| 2023 | $707M | -4.7% | $779M | $4.87 | 12.1% | 13.3% |
| 2022 | $741M | +14.1% | $909M | $4.96 | 12.9% | 15.8% |
| 2021 | $650M | +49978.9% | $823M | $4.19 | 12.2% | 15.4% |
| 2020 | $1M | -99.7% | $10M | $0.01 | 0.0% | 0.2% |
| 2019 | $424M | -20.3% | $556M | $2.68 | 7.9% | 10.4% |
| 2018 | $531M | +1.9% | $714M | $3.19 | 9.3% | 12.5% |
| 2017 | $522M | -24.6% | $882M | $3.02 | 9.2% | 15.6% |
| 2016 | $692M | -8.0% | $1.05B | $3.83 | 11.5% | 17.4% |
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Start ComparisonHOG — Frequently Asked Questions
Quick answers to the most common questions about buying HOG stock.
Is HOG growing earnings?
HOG EPS fell to $2.08, with earnings declining -19.2%. This contrasts with the 5-year CAGR of +219.1%. TTM net income dropped to $230M.
What are HOG's profit margins?
Harley-Davidson, Inc. net margin is +7.6%, with operating margin at +8.6%. Margins sit within typical range for the sector.
How consistent are HOG's earnings?
HOG earnings data spans 1989-2025. The declining earnings trend is -19.2% YoY. Historical data enables comparison across business cycles.