KPIs & Operating Metrics(New)
Growth Metrics

Harley-Davidson (HOG) Free Cash Flow (2009 - 2026)

Harley-Davidson recorded quarterly Free Cash Flow of -$596.9 million in Q1 2026, up 74.04% quarter-over-quarter from -$2.3 billion in Q4 2025, and little changed year-over-year from -$598.5 million in Q1 2025.

Harley-Davidson's Free Cash Flow history runs 18 years deep, the most recent figure standing at -$596.9 million for Q1 2026.

  • In Q1 2026, Free Cash Flow changed 0.27% year-over-year to -$596.9 million; the TTM figure through Mar 2026 stood at -$2.0 billion (up 16.08% YoY), while the FY2025 annual figure was -$2.0 billion, up 22.94% from the prior year.
  • Free Cash Flow came in at -$596.9 million for Q1 2026 at Harley-Davidson, up from -$2.3 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $2.3 billion in Q3 2024 to a low of -$3.7 billion in Q4 2023.
  • A 5-year average of -$722.7 million and a median of -$803.8 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow tumbled 9382.72% in 2022 and jumped 345.28% in 2023, its largest moves.
  • Harley-Davidson's Free Cash Flow stood at -$811.2 million in 2022, then tumbled by 354.43% to -$3.7 billion in 2023, then rose by 8.7% to -$3.4 billion in 2024, then soared by 31.68% to -$2.3 billion in 2025, then surged by 74.04% to -$596.9 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$596.9 million, -$2.3 billion, and $1.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Brunswick 5.48 Bn 5.20 Bn 343.60 Mn -120.90 Mn
2 Thor Industries 4.17 Bn 3.93 Bn 251.25 Mn -87.58 Mn
3 Polaris 4.05 Bn 3.77 Bn - -349.90 Mn
4 Brp 3.05 Bn 2.70 Bn 398.91 Mn 449.35 Mn
5 Patrick Industries 2.94 Bn 2.90 Bn 226.86 Mn -32.93 Mn
6 Harley-Davidson 2.66 Bn 2.68 Bn 266.45 Mn -596.86 Mn
7 Lci Industries 2.64 Bn 2.50 Bn 273.67 Mn -43.13 Mn
8 Winnebago Industries 837.26 Mn 789.86 Mn 85.60 Mn -19.90 Mn
9 Malibu Boats 526.29 Mn 480.05 Mn 41.28 Mn 15.49 Mn
10 MasterCraft Boat Holdings 376.07 Mn 291.65 Mn 19.54 Mn -884,000.00

Historic Data

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DateValue
Mar 31, 2026 -596.86 Mn
Mar 31, 2026 -596.86 Mn
Dec 31, 2025 -2.30 Bn
Dec 31, 2025 -2.30 Bn
Sep 30, 2025 1.57 Bn
Sep 30, 2025 1.57 Bn
Jun 30, 2025 -661.19 Mn
Jun 30, 2025 -661.19 Mn
Mar 31, 2025 -595.27 Mn
Mar 31, 2025 -595.27 Mn
Dec 31, 2024 -3.37 Bn
Dec 31, 2024 -3.37 Bn
Sep 30, 2024 2.31 Bn
Sep 30, 2024 2.31 Bn
Jun 30, 2024 -714.54 Mn
Jun 30, 2024 -714.54 Mn
Mar 31, 2024 -803.77 Mn
Mar 31, 2024 -803.77 Mn
Dec 31, 2023 -3.69 Bn
Dec 31, 2023 -3.69 Bn
Sep 30, 2023 2.29 Bn
Sep 30, 2023 2.29 Bn
Jun 30, 2023 -848.00 Mn
Jun 30, 2023 -848.00 Mn
Mar 31, 2023 -870.47 Mn
Mar 31, 2023 -870.47 Mn
Dec 31, 2022 -811.25 Mn
Dec 31, 2022 -811.25 Mn
Sep 25, 2022 -932.12 Mn
Sep 25, 2022 -932.12 Mn
Jun 26, 2022 -2.38 Bn
Jun 26, 2022 -2.38 Bn
Mar 27, 2022 111.32 Mn
Mar 27, 2022 111.32 Mn
Dec 31, 2021 -8.56 Mn
Dec 31, 2021 -8.56 Mn
Sep 26, 2021 2.51 Bn
Sep 26, 2021 2.51 Bn
Jun 27, 2021 -903.84 Mn
Jun 27, 2021 -903.84 Mn
Mar 28, 2021 -746.36 Mn
Mar 28, 2021 -746.36 Mn
Dec 31, 2020 2.79 Bn
Dec 31, 2020 2.79 Bn
Sep 27, 2020 -2.28 Bn
Sep 27, 2020 -2.28 Bn
Jun 28, 2020 1.33 Bn
Jun 28, 2020 1.33 Bn
Mar 29, 2020 -788.64 Mn
Mar 29, 2020 -788.64 Mn
Dec 31, 2019 -686.07 Mn
Dec 31, 2019 -686.07 Mn
Sep 29, 2019 -2.71 Bn
Sep 29, 2019 -2.71 Bn
Jun 30, 2019 1.23 Bn
Jun 30, 2019 1.23 Bn
Mar 31, 2019 -818.70 Mn
Mar 31, 2019 -818.70 Mn
Dec 31, 2018 2.91 Bn
Dec 31, 2018 2.91 Bn
Sep 30, 2018 -2.58 Bn
Sep 30, 2018 -2.58 Bn
Jul 1, 2018 1.27 Bn
Jul 1, 2018 1.27 Bn
Apr 1, 2018 -606.47 Mn
Apr 1, 2018 -606.47 Mn
Dec 31, 2017 -608.59 Mn
Dec 31, 2017 -608.59 Mn
Sep 24, 2017 -2.54 Bn
Sep 24, 2017 -2.54 Bn
Jun 25, 2017 1.24 Bn
Jun 25, 2017 1.24 Bn
Mar 26, 2017 -684.75 Mn
Mar 26, 2017 -684.75 Mn
Dec 31, 2016 152.99 Mn
Dec 31, 2016 152.99 Mn
Sep 25, 2016 2.30 Bn
Sep 25, 2016 2.30 Bn
Jun 26, 2016 -760.53 Mn
Jun 26, 2016 -760.53 Mn
Mar 27, 2016 -774.57 Mn
Mar 27, 2016 -774.57 Mn
Dec 31, 2015 -559.84 Mn
Dec 31, 2015 -559.84 Mn
Sep 27, 2015 -729.25 Mn
Sep 27, 2015 -729.25 Mn
Jun 28, 2015 -1.50 Bn
Jun 28, 2015 -1.50 Bn
Mar 29, 2015 136.63 Mn
Mar 29, 2015 136.63 Mn
Dec 31, 2014 67.81 Mn
Dec 31, 2014 67.81 Mn
Sep 28, 2014 2.18 Bn
Sep 28, 2014 2.18 Bn
Jun 29, 2014 -779.61 Mn
Jun 29, 2014 -779.61 Mn
Mar 30, 2014 -554.38 Mn
Mar 30, 2014 -554.38 Mn
Dec 31, 2013 -474.92 Mn
Dec 31, 2013 -474.92 Mn
Sep 29, 2013 -528.44 Mn
Sep 29, 2013 -528.44 Mn
Jun 30, 2013 -532.69 Mn
Jun 30, 2013 -532.69 Mn
Mar 31, 2013 -730.86 Mn
Mar 31, 2013 -730.86 Mn
Dec 31, 2012 -4.71 Mn
Dec 31, 2012 -4.71 Mn
Sep 30, 2012 1.91 Bn
Sep 30, 2012 1.91 Bn
Jul 1, 2012 -576.47 Mn
Jul 1, 2012 -576.47 Mn
Apr 1, 2012 -718.86 Mn
Apr 1, 2012 -718.86 Mn
Dec 31, 2011 -474.19 Mn
Dec 31, 2011 -474.19 Mn
Sep 25, 2011 -300.90 Mn
Sep 25, 2011 -300.90 Mn
Jun 26, 2011 -829.02 Mn
Jun 26, 2011 -829.02 Mn
Mar 27, 2011 -132.62 Mn
Mar 27, 2011 -132.62 Mn
Dec 31, 2010 -99.37 Mn
Dec 31, 2010 -99.37 Mn
Sep 26, 2010 411.69 Mn
Sep 26, 2010 411.69 Mn
Jun 27, 2010 935.29 Mn
Jun 27, 2010 935.29 Mn
Mar 28, 2010 -255.04 Mn
Mar 28, 2010 -255.04 Mn
Dec 31, 2009 -1.25 Bn
Dec 31, 2009 -1.25 Bn
Sep 27, 2009 658.81 Mn
Sep 27, 2009 658.81 Mn
Jun 28, 2009 72.96 Mn
Jun 28, 2009 72.96 Mn
Mar 29, 2009 -247.04 Mn
Mar 29, 2009 -247.04 Mn