HOG vs CVGI vs LVWR Stock Comparison

Harley-Davidson, Commercial Vehicle and LiveWire Prices as of Oct 29, 2026 Peers: Industry group
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HOG Harley-Davidson, Inc.
$30.33 +22.2% 1M +12.5% 1Y
Market cap
$3.16B
P/E
12.9x
Revenue (TTM)
—
Div. yield
2.47%
Recreational Vehicles Consumer Discretionary
3 wins
LVWR LiveWire Group, Inc.
$0.90 -44.4% 1M -83.7% 1Y
Market cap
$184.87M
P/E
–
Revenue (TTM)
$33.45M
Div. yield
–
Recreational Vehicles Consumer Discretionary
1 win

Head to Head

6 decided of 12

Harley-Davidson leads on 3 of the 12 questions below (Harley-Davidson 3, Commercial Vehicle 2, LiveWire 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHOGCVGILVWRLeader
Larger companyMarket capitalisation $3.16B $121.61M $184.87M HOG
Cheaper on earningsLower P/E, profitable companies only 12.9x -4.9x -2.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 41.0x — — –
Faster revenue growthRevenue growth, trailing twelve months — -0.4% +33.4% LVWR
More profitableNet margin, trailing twelve months — -3.4% — –
Better return on capitalReturn on invested capital — 5.9% — –
Less leveragedLower net debt / EBITDA — 3.0x — –
Higher dividend yieldTrailing dividend yield 2.47% — 0.00% –
Better 1-year returnPrice return, last 12 months +12.5% +104.4% -83.7% CVGI
Better 5-year returnAnnualised price return, 5 years -3.6%/yr -20.3%/yr -38.0%/yr HOG
Less volatileAnnualised volatility, 1 year 38.8% 82.5% 162.3% HOG
Higher overall scoreMean of the five percentile scores vs peers 39/100 42/100 33/100 CVGI

Percentile Scorecard

HOGCVGILVWR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHOGCVGILVWR
Valuation 65 #18 of 50 83 #35 of 203 4 #48 of 50
Growth 4 #47 of 49 36 #121 of 188 88 #7 of 49
Profitability – 28 #133 of 183 9 #42 of 46
Financial Health – 23 #167 of 216 32 #35 of 51
Shareholder Returns 46 #16 of 29 – –
Overall 39 42 33
  • HOG ranked among 56 companies in Automobiles and Components
  • CVGI ranked among 222 companies in Machinery
  • LVWR ranked among 56 companies in Automobiles and Components

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHOGCVGILVWRSPY
1 month +22.2%+9.1%-44.4% +0.7%
3 months +23.0%-25.6%-57.9% +3.7%
6 months +27.0%-22.7%-50.5% +7.1%
Year to date +48.0%+124.3%-79.6% +12.8%
1 year +12.5%+104.4%-83.7% +11.9%
3 years +17.2%-54.6%-91.3% +85.2%
3 years, per year +5.4%-23.1%-55.7% +22.8%
5 years -16.9%-67.8%-90.8% +67.6%
5 years, per year -3.6%-20.3%-38.0% +10.9%
10 years -45.9%-33.4%— +262.0%
10 years, per year -6.0%-4.0%— +13.7%

Risk

MeasureHOGCVGILVWRSPY
Volatility, 1Y 38.8%82.5%162.3% 12.7%
Downside volatility, 1Y 36.1%69.1%147.5% 12.6%
Beta vs S&P 500, 1Y 0.851.651.13 1.00
Return / volatility, 1Y 0.321.27-0.52 0.94
Max drawdown, 5Y -66.8%-92.7%-94.7% -25.4%
From 52-week high 0.0%-44.1%-83.7% -1.2%
52-week high $30.33$5.78$5.53 $779.14
52-week low $17.19$1.34$0.65 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHOGCVGILVWR
P/E now vs peer median 12.9xmedian 21.7x -4.9xmedian 25.8x -2.5xmedian 21.7x
P/S now vs peer median 0.6xmedian 0.5x 0.2xmedian 1.9x 5.5xmedian 0.5x
EV/EBITDA now vs peer median —median 8.7x 7.0xmedian 14.6x —median 8.7x
P/FCF now vs peer median -19.4xmedian 9.4x -311.8xmedian 22.2x -6.5xmedian 9.4x
P/B now vs peer median 1.0xmedian 1.0x 0.9xmedian 2.2x -33.5xmedian 1.0x
PEG now vs peer median —median 1.36 0.15median 1.45 -0.25median 1.36

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHOGCVGILVWR
Revenue – $673.98M $33.45M
Gross profit – $75.61M –
Operating income -$217.26M $13.41M -$70.94M
Net income – -$23.05M -$72.58M
Free cash flow – -$390.00K –
EPS (diluted) – $-0.66 $-0.35
Cash & equivalents $2.08B – $39.92M
Total debt – $91.78M –
Shares (diluted) 108.57M 34.77M 205.04M
Enterprise value $3.16B $121.61M $184.87M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHOGCVGILVWR
P/E 12.9x -4.9x -2.5x
P/FCF -19.4x -311.8x -6.5x
P/Operating cash flow 7.4x 11.3x -4.0x
P/S 0.6x 0.2x 5.5x
P/B 1.0x 0.9x -33.5x
P/Tangible book 1.0x 0.9x -19.8x
EV/EBITDA – 7.0x –
EV/EBIT – 15.9x –
EV/Revenue – 0.3x 5.5x
EV/FCF – -547.2x –
EV/Operating cash flow 7.4x 19.9x -4.0x
PEG (3Y EPS CAGR) – 0.15 -0.25

Growth

14 metrics
MetricHOGCVGILVWR
Revenue growth (1Y) – -0.4% 33.4%
Revenue CAGR (3Y) – -6.0% 1.3%
Gross profit growth (1Y) – 13.2% –
Gross profit CAGR (3Y) – -12.1% –
Operating income growth (1Y) -139.2% 425.0% 14.5%
Operating income CAGR (3Y) -31.4% -31.0% 13.9%
Net income growth (1Y) – 39.8% 9.6%
Net income CAGR (3Y) – -33.9% 9.8%
EPS growth (1Y) – 41.5% 10.1%
EPS CAGR (3Y) – -32.2% 10.2%
Operating cash flow growth (1Y) -22.2% 211.2% 31.5%
Operating cash flow CAGR (3Y) -14.3% -49.8% 17.2%
Free cash flow growth (1Y) – 98.2% –
Free cash flow CAGR (3Y) – -26.1% –

Profitability

14 metrics
MetricHOGCVGILVWR
Gross margin – 11.2% –
EBITDA margin – 4.5% –
Operating margin – 2.0% –
Pretax margin – -2.4% –
Net margin – -3.4% –
FCF margin – -0.1% –
Operating cash flow margin – 1.6% -138.2%
Return on equity -4.5% -17.3% –
Return on assets – -5.3% –
Return on invested capital – 5.9% –
Return on capital employed – 4.9% –
Asset turnover – 1.6x 0.3x
Cash conversion (OCF / net income) – -0.5x 0.6x
Stock comp / revenue – 0.7% 14.8%

Financial Health

11 metrics
MetricHOGCVGILVWR
Debt / assets – 20.2% –
Debt / equity – 0.7x –
Net debt / EBITDA – 3.0x –
Debt / FCF – -235.3x –
Liabilities / assets – 70.1% 105.3%
Equity / assets – 29.9% -5.3%
Interest coverage – 0.9x –
Current ratio – 2.0x 3.1x
Quick ratio – – –
Cash ratio – – –
Altman Z-score – 1.89 –

Shareholder Returns

7 metrics
MetricHOGCVGILVWR
Dividend yield 2.5% – –
Net buyback yield – – –
Shareholder yield 2.5% – 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHOGCVGILVWR
Forward P/E 41.0xFY2026 – –
EPS, next fiscal year $0.74FY2026 $-0.20FY2026 $-0.26FY2026
EPS growth, next FY -73.4%FY2026 – –
EPS growth, the year after +147.3% – –
Revenue, next fiscal year $4.11BFY2026 $777.74MFY2026 $192.71MFY2026
Revenue growth, next FY +14.8%FY2026 +19.8%FY2026 +650.7%FY2026
Revenue growth, the year after +2.9% +3.3% +277.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHOGCVGILVWR
Held by institutions 100.0% 60.7% 2.0%
Institutions holding 440 111 62
Change in shares held, QoQ +3.1% +55.8% +4.1%
Institutions buying 220 80 32
Institutions selling 122 20 20
Buyers to sellers 1.80 4.00 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HOGCVGILVWR
HOG 1.00 0.01 0.02
CVGI 0.01 1.00 0.05
LVWR 0.02 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HOG, CVGI and LVWR?

Harley-Davidson (HOG) is the largest by market capitalisation: Harley-Davidson (HOG) $3.16B, Commercial Vehicle (CVGI) $121.61M, LiveWire (LVWR) $184.87M.

Which company is growing faster?

LiveWire (LVWR) grew revenue fastest over the trailing twelve months: Commercial Vehicle (CVGI) -0.4%, LiveWire (LVWR) +33.4%.

Which stock has performed better?

Over the past year Commercial Vehicle (CVGI) returned the most: Harley-Davidson (HOG) +12.5%, Commercial Vehicle (CVGI) +104.4%, LiveWire (LVWR) -83.7%. Over five years, Harley-Davidson (HOG) compounded fastest (Harley-Davidson (HOG) -3.6%/yr, Commercial Vehicle (CVGI) -20.3%/yr, LiveWire (LVWR) -38.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Harley-Davidson (HOG) 2.47%, LiveWire (LVWR) 0.00%. Commercial Vehicle (CVGI) and LiveWire (LVWR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Harley-Davidson (HOG) has been the steadiest (Harley-Davidson (HOG) 38.8%, Commercial Vehicle (CVGI) 82.5%, LiveWire (LVWR) 162.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HOG, CVGI and LVWR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Harley-Davidson (HOG) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.