HOG vs VFS vs PII Stock Comparison

Harley-Davidson, VinFast Auto and Polaris Prices as of Oct 26, 2026 Peers: Industry group
HOG Harley-Davidson, Inc.
$28.84 +13.3% 1M +2.2% 1Y
Market cap
$3.10B
P/E
15.3x
Revenue (TTM)
$4.24B
Div. yield
–
Recreational Vehicles Consumer Discretionary
5 wins
VFS VinFast Auto Ltd.
$3.05 -4.1% 1M -5.3% 1Y
Market cap
$7.28B
P/E
–
Revenue (TTM)
$3,514.06T
Div. yield
–
Auto Manufacturers Consumer Discretionary
2 wins
PII Polaris Inc.
$55.13 +4.0% 1M -22.2% 1Y
Market cap
$3.53B
P/E
–
Revenue (TTM)
—
Div. yield
0.04%
Recreational Vehicles Consumer Discretionary
1 win

Head to Head

8 decided of 12

Harley-Davidson leads on 5 of the 12 questions below (Harley-Davidson 5, VinFast Auto 2, Polaris 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHOGVFSPIILeader
Larger companyMarket capitalisation $3.10B $7.28B $3.53B VFS
Cheaper on earningsLower P/E, profitable companies only 15.3x 0.0x -13.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 39.0x — 17.0x PII
Faster revenue growthRevenue growth, trailing twelve months -5.2% +4,424.0% — VFS
More profitableNet margin, trailing twelve months 4.8% -69.2% — HOG
Better return on capitalReturn on invested capital 2.9% — — –
Less leveragedLower net debt / EBITDA — -0.5x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.04% –
Better 1-year returnPrice return, last 12 months +2.2% -5.3% -22.2% HOG
Better 5-year returnAnnualised price return, 5 years -4.7%/yr -20.8%/yr -14.0%/yr HOG
Less volatileAnnualised volatility, 1 year 38.8% 41.4% 47.0% HOG
Higher overall scoreMean of the five percentile scores vs peers 56/100 7/100 25/100 HOG

Percentile Scorecard

HOGVFSPII

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

AxisHOGVFSPII
Valuation 45 #28 of 50 10 #45 of 50 33 #34 of 50
Growth 6 #45 of 48 4 #46 of 48 2 #47 of 48
Profitability 64 #17 of 46 11 #41 of 46 –
Financial Health 77 #13 of 52 4 #50 of 52 12 #46 of 52
Shareholder Returns 90 #4 of 30 – 52 #15 of 30
Overall 56 7 25
  • HOG ranked among 56 companies in Automobiles and Components
  • VFS ranked among 56 companies in Automobiles and Components
  • PII 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

PeriodHOGVFSPIISPY
1 month +13.3%-4.1%+4.0% -0.8%
3 months +16.3%+3.4%-26.4% +3.5%
6 months +25.6%-27.6%-9.7% +7.0%
Year to date +40.8%-8.7%-12.8% +12.2%
1 year +2.2%-5.3%-22.2% +13.0%
3 years +10.2%-42.7%-35.3% +86.3%
3 years, per year +3.3%-16.9%-13.5% +23.1%
5 years -21.5%-68.8%-53.0% +68.6%
5 years, per year -4.7%-20.8%-14.0% +11.0%
10 years -49.0%—-28.0% +258.0%
10 years, per year -6.5%—-3.2% +13.6%

Risk

MeasureHOGVFSPIISPY
Volatility, 1Y 38.8%41.4%47.0% 12.7%
Downside volatility, 1Y 36.0%39.6%48.7% 12.7%
Beta vs S&P 500, 1Y 0.850.791.25 1.00
Return / volatility, 1Y 0.06-0.13-0.47 1.02
Max drawdown, 5Y -66.8%-97.1%-76.7% -25.4%
From 52-week high -0.9%-35.9%-26.4% -1.8%
52-week high $29.09$4.76$74.93 $779.14
52-week low $17.19$2.81$47.88 $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.

MultipleHOGVFSPII
P/E now vs peer median 15.0xmedian 18.9x 0.0xmedian 18.9x -12.2xmedian 18.9x
P/S now vs peer median 0.7xmedian 0.5x 0.0xmedian 0.5x —median 0.5x
EV/EBITDA now vs peer median —median 8.2x -0.5xmedian 8.2x —median 8.2x
P/FCF now vs peer median -22.6xmedian 9.4x 0.0xmedian 9.4x 46.9xmedian 9.4x
P/B now vs peer median 1.0xmedian 0.9x 0.0xmedian 0.9x 3.7xmedian 0.9x
PEG now vs peer median -0.50median 1.40 —median 1.40 0.36median 1.40

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 monthsHOGVFSPII
Revenue $4.24B $3,514.06T –
Gross profit $1.42B -$1,799.20T –
Operating income $213.20M -$3,021.72T –
Net income $195.71M -$3,525.77T -$260.20M
Free cash flow -$133.07M -$1,569.01T $66.90M
R&D – $376.86T –
EPS (diluted) $1.87 $-1,039,497.78 $-4.46
Cash & equivalents $1.90B $281.02T $302.10M
Total debt $2.24B $7,424.18T $1.95B
Shares (diluted) 108.57M 2.34B 58.30M
Enterprise value -$5.47B -$1,239.61T $2.47B

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
MetricHOGVFSPII
P/E 15.0x 0.0x -12.2x
P/FCF -22.6x 0.0x 46.9x
P/Operating cash flow -11,770x 0.0x 12.7x
P/S 0.7x 0.0x –
P/B 1.0x 0.0x 3.7x
P/Tangible book 1.0x 0.0x 3.7x
EV/EBITDA – -0.5x –
EV/EBIT 15.7x -0.1x –
EV/Revenue 0.8x 0.1x –
EV/FCF -25.2x -0.3x 71.5x
EV/Operating cash flow -13,130x -0.2x 19.3x
PEG (3Y EPS CAGR) -0.50 – 0.36

Growth

14 metrics
MetricHOGVFSPII
Revenue growth (1Y) -5.2% 4,424% –
Revenue CAGR (3Y) -11.1% – –
Gross profit growth (1Y) -25.3% -6,447% –
Gross profit CAGR (3Y) -18.3% – –
Operating income growth (1Y) 15.0% -4,777% –
Operating income CAGR (3Y) -38.9% – –
Net income growth (1Y) -16.4% -3,441% -141.8%
Net income CAGR (3Y) -36.8% – -34.1%
EPS growth (1Y) -6.1% -2,344% -135.8%
EPS CAGR (3Y) -29.8% – -34.1%
Operating cash flow growth (1Y) -100.0% – -60.8%
Operating cash flow CAGR (3Y) -26.0% – -35.9%
Free cash flow growth (1Y) -116.2% – -84.5%
Free cash flow CAGR (3Y) -31.0% – -50.3%

Profitability

14 metrics
MetricHOGVFSPII
Gross margin 33.4% -51.2% –
EBITDA margin – -24.7% –
Operating margin 5.0% -86.0% –
Pretax margin 6.8% -102.7% –
Net margin 4.8% -69.2% –
FCF margin -3.1% -44.6% –
Operating cash flow margin 0.0% -50.4% –
Return on equity 6.3% – -32.5%
Return on assets 2.7% -47.1% -5.0%
Return on invested capital 2.9% – –
Return on capital employed 4.4% -208.1% –
Asset turnover 0.6x 0.7x –
Cash conversion (OCF / net income) 0.0x 0.5x -1.0x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricHOGVFSPII
Debt / assets 30.9% 29.1% 37.5%
Debt / equity 0.7x -0.2x 2.3x
Net debt / EBITDA – -0.5x –
Debt / FCF -16.9x -0.6x 29.2x
Liabilities / assets 57.0% 256.0% 83.8%
Equity / assets 43.0% -156.0% 16.2%
Interest coverage 0.7x -5.7x –
Current ratio 1.9x 0.5x 1.2x
Quick ratio 0.9x 0.2x 0.3x
Cash ratio 0.8x 0.1x 0.1x
Altman Z-score 2.21 -10.29 –

Shareholder Returns

7 metrics
MetricHOGVFSPII
Dividend yield 2.6% – 4.9%
Net buyback yield 12.0% – 0.1%
Shareholder yield 14.6% – 5.1%
Payout ratio (earnings) – – -58.7%
Payout ratio (FCF) – – 228.4%
Dividend growth (1Y) – – 2.8%
Dividend CAGR (3Y) – – 1.1%

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.

ConsensusHOGVFSPII
Forward P/E 39.0xFY2026 – 17.0xFY2026
EPS, next fiscal year $0.74FY2026 $-1.86FY2026 $3.24FY2026
EPS growth, next FY -73.4%FY2026 – –
EPS growth, the year after +147.3% – +9.3%
Revenue, next fiscal year $4.11BFY2026 $5.02BFY2026 $7.61BFY2026
Revenue growth, next FY +14.8%FY2026 +39.4%FY2026 +6.4%FY2026
Revenue growth, the year after +2.9% +20.0% +4.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHOGVFSPII
Held by institutions 100.0% 0.2% 89.0%
Institutions holding 439 32 477
Change in shares held, QoQ +3.1% -8.3% -6.9%
Institutions buying 219 20 257
Institutions selling 122 8 144
Buyers to sellers 1.80 2.50 1.78

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.

HOGVFSPII
HOG 1.00 0.19 0.42
VFS 0.19 1.00 0.05
PII 0.42 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HOG, VFS and PII?

VinFast Auto (VFS) is the largest by market capitalisation: Harley-Davidson (HOG) $3.10B, VinFast Auto (VFS) $7.28B, Polaris (PII) $3.53B.

Which company is growing faster?

VinFast Auto (VFS) grew revenue fastest over the trailing twelve months: Harley-Davidson (HOG) -5.2%, VinFast Auto (VFS) +4,424.0%.

Which company is more profitable?

Harley-Davidson (HOG) has the highest net margin (Harley-Davidson (HOG) 4.8%, VinFast Auto (VFS) -69.2%).

Which stock has performed better?

Over the past year Harley-Davidson (HOG) returned the most: Harley-Davidson (HOG) +2.2%, VinFast Auto (VFS) -5.3%, Polaris (PII) -22.2%. Over five years, Harley-Davidson (HOG) compounded fastest (Harley-Davidson (HOG) -4.7%/yr, VinFast Auto (VFS) -20.8%/yr, Polaris (PII) -14.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Harley-Davidson (HOG) 0.00%, VinFast Auto (VFS) 0.00%, Polaris (PII) 0.04%. Harley-Davidson (HOG) and VinFast Auto (VFS) 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%, VinFast Auto (VFS) 41.4%, Polaris (PII) 47.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HOG, VFS and PII?

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 5. 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.