Harley-Davidson (HOG) Ratios
Harley-Davidson Ratios
MX:HOG's free cash flow for Q3 2026 was $315.89M. For the 2026 fiscal year, MX:HOG's free cash flow was decreased by $-19.73M and operating cash flow was $335.62M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.10 | 1.40 | 1.53 | 1.34 | 1.36 |
| Quick Ratio | 1.83 | 1.19 | 1.25 | 1.08 | 1.15 |
| Cash Ratio | 1.16 | 0.45 | 0.45 | 0.41 | 0.56 |
| Solvency Ratio | 0.10 | 0.07 | 0.10 | 0.10 | 0.10 |
| Operating Cash Flow Ratio | 0.21 | 0.30 | 0.22 | 0.16 | 0.29 |
| Short-Term Operating Cash Flow Coverage | 0.43 | 0.43 | 0.35 | 0.22 | 0.43 |
| Net Current Asset Value | $ 698.98M | $ -3.73B | $ -3.72B | $ -3.84B | $ -3.95B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.38 | 0.59 | 0.59 | 0.61 | 0.63 |
| Debt-to-Equity Ratio | 0.97 | 2.22 | 2.21 | 2.40 | 2.72 |
| Debt-to-Capital Ratio | 0.49 | 0.69 | 0.69 | 0.71 | 0.73 |
| Long-Term Debt-to-Capital Ratio | 0.34 | 0.59 | 0.61 | 0.61 | 0.64 |
| Financial Leverage Ratio | 2.56 | 3.75 | 3.73 | 3.96 | 4.33 |
| Debt Service Coverage Ratio | 0.40 | 0.25 | 0.41 | 0.37 | 0.36 |
| Interest Coverage Ratio | 11.56 | 13.55 | 25.31 | 29.11 | 26.59 |
| Debt to Market Cap | 1.21 | 1.76 | 1.36 | 1.12 | 1.19 |
| Interest Debt Per Share | 25.71 | 53.69 | 50.76 | 47.20 | 45.32 |
| Net Debt to EBITDA | -0.06 | 7.67 | 5.36 | 4.96 | 4.99 |
| Profitability Margins | |||||
| Gross Profit Margin | 30.24% | 34.88% | 37.38% | 37.08% | 35.61% |
| EBIT Margin | 11.00% | 10.56% | 15.38% | 16.72% | 15.93% |
| EBITDA Margin | 14.86% | 13.66% | 18.09% | 19.36% | 19.03% |
| Operating Profit Margin | 8.64% | 8.03% | 13.35% | 15.80% | 15.43% |
| Pretax Profit Margin | 10.26% | 9.97% | 14.85% | 16.18% | 15.35% |
| Net Profit Margin | 7.57% | 8.78% | 12.11% | 12.88% | 12.18% |
| Continuous Operations Profit Margin | 7.36% | 8.58% | 11.91% | 12.84% | 12.18% |
| Net Income Per EBT | 73.84% | 88.05% | 81.51% | 79.62% | 79.35% |
| EBT Per EBIT | 118.65% | 124.12% | 111.27% | 102.41% | 99.49% |
| Return on Assets (ROA) | 4.21% | 3.83% | 5.82% | 6.45% | 5.88% |
| Return on Equity (ROE) | 10.79% | 14.38% | 21.72% | 25.53% | 25.46% |
| Return on Capital Employed (ROCE) | 7.18% | 5.01% | 8.90% | 11.43% | 10.68% |
| Return on Invested Capital (ROIC) | 4.13% | 3.31% | 5.73% | 6.92% | 6.52% |
| Return on Tangible Assets | 4.24% | 3.85% | 5.85% | 6.49% | 5.92% |
| Earnings Yield | 13.77% | 11.50% | 13.47% | 12.04% | 11.22% |
| Efficiency Ratios | |||||
| Receivables Turnover | 19.81 | 2.29 | 2.45 | 2.83 | 3.24 |
| Payables Turnover | 8.02 | 11.31 | 10.47 | 9.58 | 9.16 |
| Inventory Turnover | 4.27 | 4.53 | 3.93 | 3.81 | 4.82 |
| Fixed Asset Turnover | 5.42 | 6.32 | 7.28 | 7.84 | 7.27 |
| Asset Turnover | 0.56 | 0.44 | 0.48 | 0.50 | 0.48 |
| Working Capital Turnover Ratio | 2.05 | 3.22 | 3.90 | 4.75 | 3.48 |
| Cash Conversion Cycle | 58.38 | 207.76 | 206.90 | 186.80 | 148.60 |
| Days of Sales Outstanding | 18.42 | 159.45 | 148.90 | 129.05 | 112.70 |
| Days of Inventory Outstanding | 85.49 | 80.59 | 92.88 | 95.85 | 75.73 |
| Days of Payables Outstanding | 45.53 | 32.28 | 34.87 | 38.10 | 39.83 |
| Operating Cycle | 103.91 | 240.04 | 241.77 | 224.90 | 188.43 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.74 | 8.09 | 5.30 | 3.71 | 6.35 |
| Free Cash Flow Per Share | 3.46 | 6.60 | 3.85 | 2.68 | 5.56 |
| Dividend Paid and CapEx Coverage Ratio | 2.37 | 3.70 | 2.49 | 2.24 | 4.59 |
| Capital Expenditure Coverage Ratio | 3.70 | 5.41 | 3.64 | 3.62 | 8.12 |
| Operating Cash Flow Coverage Ratio | 0.19 | 0.15 | 0.10 | 0.08 | 0.14 |
| Operating Cash Flow to Sales Ratio | 0.13 | 0.21 | 0.13 | 0.10 | 0.18 |
| Free Cash Flow Yield | 16.88% | 21.90% | 10.44% | 6.44% | 14.76% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 7.27 | 8.71 | 7.42 | 8.30 | 8.91 |
| Price-to-Sales (P/S) Ratio | 0.55 | 0.76 | 0.90 | 1.07 | 1.09 |
| Price-to-Book (P/B) Ratio | 0.78 | 1.25 | 1.61 | 2.12 | 2.27 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 5.92 | 4.57 | 9.58 | 15.52 | 6.77 |
| Price-to-Operating Cash Flow Ratio | 4.32 | 3.72 | 6.95 | 11.23 | 5.94 |
| Price-to-Earnings Growth (PEG) Ratio | -0.39 | -0.29 | -7.44 | 0.45 | 0.00 |
| Enterprise Value Multiple | 3.64 | 13.26 | 10.33 | 10.48 | 10.69 |
| Enterprise Value | 2.42B | 9.40B | 10.91B | 11.68B | 10.86B |
| EV to EBITDA | 3.64 | 13.26 | 10.33 | 10.48 | 10.69 |
| EV to Sales | 0.54 | 1.81 | 1.87 | 2.03 | 2.03 |
| EV to Free Cash Flow | 5.83 | 10.84 | 19.92 | 29.43 | 12.69 |
| EV to Operating Cash Flow | 4.26 | 8.83 | 14.45 | 21.29 | 11.13 |
| Tangible Book Value Per Share | 25.76 | 23.52 | 22.35 | 19.18 | 16.15 |
| Shareholders’ Equity Per Share | 26.16 | 24.09 | 22.85 | 19.62 | 16.61 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.28 | 0.14 | 0.20 | 0.21 | 0.21 |
| Revenue Per Share | 37.25 | 39.46 | 40.99 | 38.88 | 34.71 |
| Net Income Per Share | 2.82 | 3.46 | 4.96 | 5.01 | 4.23 |
| Tax Burden | 0.74 | 0.88 | 0.82 | 0.80 | 0.79 |
| Interest Burden | 0.93 | 0.94 | 0.97 | 0.97 | 0.96 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.20 | 0.22 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.68 | 2.39 | 1.07 | 0.74 | 1.50 |
Currency in USD