Harley-Davidson (HOG) Operating Margin (2009 - 2026)
Harley-Davidson recorded quarterly Operating Margin of 2.22% in Q1 2026, up 102.4% quarter-over-quarter from 92.45% in Q4 2025, and down 1259.0% year-over-year from 0.19% in Q1 2025.
Harley-Davidson's Operating Margin history runs 18 years deep, the most recent figure standing at 2.22% for Q1 2026.
- In Q1 2026, Operating Margin fell 1259.0% year-over-year to 2.22%; the TTM figure through Mar 2026 stood at 6.5% (down 134.0% YoY), while the FY2025 annual figure was 10.73%, up 270.0% from the prior year.
- Operating Margin came in at 2.22% for Q1 2026 at Harley-Davidson, up from 92.45% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 35.41% in Q3 2025 to a low of 92.45% in Q4 2025.
- A 5-year average of 6.03% and a median of 15.21% in 2024 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 2341 bps in 2025 and fell as far as 6433 bps in 2025.
- Harley-Davidson's Operating Margin stood at 0.4% in 2022, then slumped by 602 bps to 2.01% in 2023, then plunged by 1300 bps to 28.12% in 2024, then tumbled by 229 bps to 92.45% in 2025, then surged by 102 bps to 2.22% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 2.22%, 92.45%, and 35.41% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brunswick | 5.48 Bn | 5.20 Bn | 343.60 Mn | 3.65% |
| 2 | Thor Industries | 4.17 Bn | 3.93 Bn | 251.25 Mn | 1.85% |
| 3 | Polaris | 4.05 Bn | 3.77 Bn | - | - |
| 4 | Brp | 3.05 Bn | 2.70 Bn | 398.91 Mn | 0.51% |
| 5 | Patrick Industries | 2.94 Bn | 2.90 Bn | 226.86 Mn | 6.49% |
| 6 | Harley-Davidson | 2.66 Bn | 2.68 Bn | 266.45 Mn | 2.22% |
| 7 | Lci Industries | 2.64 Bn | 2.50 Bn | 273.67 Mn | 8.73% |
| 8 | Winnebago Industries | 837.26 Mn | 789.86 Mn | 85.60 Mn | 1.79% |
| 9 | Malibu Boats | 526.29 Mn | 480.05 Mn | 41.28 Mn | -0.81% |
| 10 | MasterCraft Boat Holdings | 376.07 Mn | 291.65 Mn | 19.54 Mn | -1.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.22% |
| Dec 31, 2025 | -92.45% |
| Sep 30, 2025 | 35.41% |
| Jun 30, 2025 | 10.71% |
| Mar 31, 2025 | 14.80% |
| Dec 31, 2024 | -28.12% |
| Sep 30, 2024 | 12.01% |
| Jun 30, 2024 | 17.79% |
| Mar 31, 2024 | 15.21% |
| Dec 31, 2023 | -2.01% |
| Sep 30, 2023 | 16.04% |
| Jun 30, 2023 | 15.31% |
| Mar 31, 2023 | 23.61% |
| Dec 31, 2022 | 0.40% |
| Sep 25, 2022 | 20.55% |
| Jun 26, 2022 | 18.90% |
| Mar 27, 2022 | 22.19% |
| Dec 31, 2021 | -0.72% |
| Sep 26, 2021 | 17.60% |
| Jun 27, 2021 | 21.06% |
| Mar 28, 2021 | 24.34% |
| Dec 31, 2020 | -16.49% |
| Sep 27, 2020 | 11.83% |
| Jun 28, 2020 | -13.42% |
| Mar 29, 2020 | 8.28% |
| Dec 31, 2019 | 6.74% |
| Sep 29, 2019 | 9.42% |
| Jun 30, 2019 | 15.70% |
| Mar 31, 2019 | 12.07% |
| Dec 31, 2018 | 6.62% |
| Sep 30, 2018 | 5.85% |
| Jul 1, 2018 | 5.28% |
| Apr 1, 2018 | 12.67% |
| Dec 31, 2017 | 1.95% |
| Sep 24, 2017 | 49.94% |
| Jun 25, 2017 | 212.35% |
| Mar 26, 2017 | 21.76% |
| Dec 31, 2016 | 4.03% |
| Sep 25, 2016 | 16.34% |
| Jun 26, 2016 | 24.69% |
| Mar 27, 2016 | 22.22% |
| Dec 31, 2015 | 3.69% |
| Sep 27, 2015 | 18.93% |
| Jun 28, 2015 | 25.35% |
| Mar 29, 2015 | 27.15% |
| Dec 31, 2014 | 36.92% |
| Sep 28, 2014 | 6.88% |
| Jun 29, 2014 | 44.71% |
| Mar 30, 2014 | 4.02% |
| Dec 31, 2013 | 38.72% |
| Sep 29, 2013 | 6.45% |
| Jun 30, 2013 | 21.92% |
| Mar 31, 2013 | 176.31% |
| Dec 31, 2012 | 33.20% |
| Sep 30, 2012 | 89.89% |
| Jul 1, 2012 | 5.22% |
| Apr 1, 2012 | 16.34% |
| Dec 31, 2011 | 8,996.88% |
| Sep 25, 2011 | 19,687.52% |
| Jun 26, 2011 | 22,535.05% |
| Mar 27, 2011 | 18,155.88% |
| Dec 31, 2010 | 22.08% |
| Sep 26, 2010 | 14.02% |
| Jun 27, 2010 | 125.94% |
| Mar 28, 2010 | 89.98% |
| Dec 31, 2009 | -14.50% |
| Sep 27, 2009 | 50.84% |
| Jun 28, 2009 | 57.07% |
| Mar 29, 2009 | 231.42% |