Harley-Davidson (HOG) Free Cash Flow (2009 - 2026)
Harley-Davidson's (HOG) quarterly Free Cash Flow came in at -$335.5 million in Q2 2026, up 49.26% year-over-year from -$224.8 million in Q2 2025, and up 43.79% quarter-over-quarter from -$596.9 million in Q1 2026.
Analysis
Harley-Davidson (HOG) Free Cash Flow (2009 - 2026) Analysis & Trends
Harley-Davidson has disclosed Free Cash Flow across 18 years of filings, most recently posting -$335.5 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 49.26% year-over-year to -$335.5 million; the TTM figure through Jun 2026 stood at -$1.7 billion (up 28.23% YoY), while the FY2025 annual figure was -$2.0 billion, up 22.94% from the prior year.
- Free Cash Flow came in at -$335.5 million for Q2 2026 at Harley-Davidson, up from -$596.9 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$114.2 million in Q4 2025 to a low of -$1.3 billion in Q2 2022.
- Average Free Cash Flow over 5 years is -$701.2 million, with a median of -$688.5 million recorded in 2023.
- Year-over-year, Free Cash Flow sank 49.13% in 2022 and soared 77.32% in 2025.
- Over 5 years, Free Cash Flow stood at -$811.2 million in 2022, then rose by 18.34% to -$662.5 million in 2023, then rose by 24.02% to -$503.4 million in 2024, then soared by 77.32% to -$114.2 million in 2025, then plunged by 193.8% to -$335.5 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$335.5 million in Q2 2026, -$596.9 million in Q1 2026, and -$114.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.79 Bn | 3.42 Bn | 354.77 Mn | 196.04 Mn |
| 2 | Polaris | 3.43 Bn | 3.12 Bn | - | 186.10 Mn |
| 3 | Harley-Davidson | 2.81 Bn | 914.03 Mn | 421.12 Mn | -335.49 Mn |
| 4 | Brunswick | 1.59 Bn | 1.28 Bn | 437.80 Mn | 274.20 Mn |
| 5 | Winnebago Industries | 816.60 Mn | 759.50 Mn | 94.90 Mn | 18.70 Mn |
| 6 | Malibu Boats | 498.45 Mn | 424.03 Mn | 52.19 Mn | 16.90 Mn |
| 7 | MasterCraft Boat Holdings | 368.87 Mn | 284.25 Mn | 19.54 Mn | 3.75 Mn |
| 8 | Niu Technologies | 164.91 Mn | -30.22 Mn | 33.95 Mn | - |
| 9 | Massimo | 42.47 Mn | 37.84 Mn | 7.28 Mn | 901,399.00 |
| 10 | Gogoro | 39.10 Mn | -29.74 Mn | 15.96 Mn | 30.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -335.49 Mn |
| Mar 31, 2026 | -596.86 Mn |
| Dec 31, 2025 | -114.19 Mn |
| Sep 30, 2025 | -614.01 Mn |
| Jun 30, 2025 | -661.19 Mn |
| Mar 31, 2025 | -595.27 Mn |
| Dec 31, 2024 | -503.36 Mn |
| Sep 30, 2024 | -553.77 Mn |
| Jun 30, 2024 | -714.54 Mn |
| Mar 31, 2024 | -803.77 Mn |
| Dec 31, 2023 | -662.47 Mn |
| Sep 30, 2023 | -737.73 Mn |
| Jun 30, 2023 | -848.00 Mn |
| Mar 31, 2023 | -870.47 Mn |
| Dec 31, 2022 | -811.25 Mn |
| Sep 25, 2022 | -932.12 Mn |
| Jun 26, 2022 | -1.35 Bn |
| Mar 27, 2022 | -919.14 Mn |
| Dec 31, 2021 | -748.61 Mn |
| Sep 26, 2021 | -869.20 Mn |