Harley-Davidson (HOG) Operating Margin (2009 - 2026)
Harley-Davidson's Operating Margin was 6.18% in Q2 2026, down 2.42 percentage points from 8.60% a year earlier but up 4.17 percentage points from the prior quarter.
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Analysis
Harley-Davidson (HOG) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Harley-Davidson's Operating Margin was 5.03% through Jun 30, 2026, up 0.89 percentage points year-over-year; for FY2025, it was 8.64%, up 0.61 percentage points from FY2024.
- Operating Margin shows a five-year change of +8.40 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 8.03% in FY2024 (-5.32 pp), 13.35% in FY2023 (-2.45 pp), 15.80% in FY2022 (+0.37 pp) and 15.43% in FY2021 (+15.19 pp).
- Quarterly Operating Margin has moved between -72.77% (Q4 2025) and 35.41% (Q3 2025) over five years.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of -8.85 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2025 (a gain of 26.22 percentage points); the worst was Q4 2025 (a drop of 44.65 percentage points).
- Per Business Quant data, HOG's Operating Margin in the three quarters before Q2 2026 was 2.00% (Q1 2026), -72.77% (Q4 2025) and 35.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,157.07 Bn | 991.62 Bn | 4.75 Bn | 1.41% |
| 2 | Toyota Motor | 254.94 Bn | -151.80 Bn | 20.95 Bn | 7.86% |
| 3 | Ferrari | 147.58 Bn | 140.03 Bn | 1.18 Bn | 31.22% |
| 4 | Honda Motor | 147.32 Bn | 14.70 Bn | 8.46 Bn | 8.76% |
| 5 | General Motors | 70.77 Bn | -34.10 Bn | 7.33 Bn | 3.04% |
| 6 | Ford Motor | 48.49 Bn | -93.97 Bn | 6.08 Bn | 1.32% |
| 7 | Rivian Automotive | 20.14 Bn | -3.15 Bn | 179.00 Mn | -50.42% |
| 8 | Magna International | 18.12 Bn | 15.68 Bn | 1.61 Bn | 12.19% |
| 9 | Stellantis | 13.39 Bn | -152.61 Bn | 5.55 Bn | 1.61% |
| 10 | Harley-Davidson | 2.57 Bn | -5.98 Bn | 421.12 Mn | 6.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.18% |
| Mar 31, 2026 | 2.00% |
| Dec 31, 2025 | -72.77% |
| Sep 30, 2025 | 35.41% |
| Jun 30, 2025 | 8.60% |
| Mar 31, 2025 | 12.07% |
| Dec 31, 2024 | -28.12% |
| Sep 30, 2024 | 9.19% |
| Jun 30, 2024 | 14.89% |
| Mar 31, 2024 | 15.21% |
| Dec 31, 2023 | -2.01% |
| Sep 30, 2023 | 13.51% |
| Jun 30, 2023 | 15.31% |
| Mar 31, 2023 | 20.66% |
| Dec 31, 2022 | 0.33% |
| Sep 25, 2022 | 20.55% |
| Jun 26, 2022 | 18.90% |
| Mar 27, 2022 | 19.34% |
| Dec 31, 2021 | -0.72% |
| Sep 26, 2021 | 14.96% |
API Access
Harley-Davidson Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();