Harley-Davidson (HOG) Return on Capital Employed (2009 - 2026)
Harley-Davidson (HOG) posted Return on Capital Employed of 4.83% for Q1 2026, down 16.94% sequentially from 5.82% in Q4 2025, and up 114.0% YoY from 2.26% in Q1 2025.
Harley-Davidson (HOG) Return on Capital Employed (2009 - 2026) Analysis & Trends
Harley-Davidson has reported Return on Capital Employed for 18 years, with the latest figure at 4.83% in Q1 2026.
- Quarterly Return on Capital Employed rose 114.0% year-over-year to 4.83% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.83% (up 114.0% YoY) and the FY2025 annual result came in at 5.29%, up 36.0% from the prior year.
- Return on Capital Employed slipped to 4.83% in Q1 2026 per HOG's latest filing, from 5.82% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 11.41% in Q1 2023 and troughed at 2.2% in Q2 2025.
- A 5-year average of 7.67% and a median of 7.88% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2025: Return on Capital Employed surged 695 bps in 2022, then sank 569 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 11.12% in 2022, then dropped by 21 bps to 8.74% in 2023, then plunged by 46 bps to 4.68% in 2024, then climbed by 24 bps to 5.82% in 2025, then fell by 17 bps to 4.83% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 4.83%, 5.82%, and 6.9% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Brp | 4.88 Bn | 4.32 Bn | 409.69 Mn | 13.90% |
| 2 | Thor Industries | 4.07 Bn | 3.70 Bn | 354.77 Mn | 6.73% |
| 3 | Polaris | 3.68 Bn | 3.38 Bn | - | - |
| 4 | Harley-Davidson | 2.87 Bn | 979.19 Mn | 421.12 Mn | 4.41% |
| 5 | Patrick Industries | 2.69 Bn | 2.66 Bn | 247.58 Mn | 9.37% |
| 6 | Lci Industries | 2.53 Bn | 2.31 Bn | 301.14 Mn | 11.41% |
| 7 | Brunswick | 1.55 Bn | 1.24 Bn | 437.80 Mn | -0.52% |
| 8 | Winnebago Industries | 904.19 Mn | 847.09 Mn | 94.90 Mn | 3.94% |
| 9 | Malibu Boats | 546.46 Mn | 496.30 Mn | 41.28 Mn | 0.09% |
| 10 | MasterCraft Boat Holdings | 400.50 Mn | 315.88 Mn | 19.54 Mn | 5.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.41% |
| Mar 31, 2026 | 4.83% |
| Dec 31, 2025 | 5.82% |
| Sep 30, 2025 | 6.90% |
| Jun 30, 2025 | 2.20% |
| Mar 31, 2025 | 3.69% |
| Dec 31, 2024 | 4.68% |
| Sep 30, 2024 | 6.75% |
| Jun 30, 2024 | 7.88% |
| Mar 31, 2024 | 7.69% |
| Dec 31, 2023 | 8.74% |
| Sep 30, 2023 | 8.40% |
| Jun 30, 2023 | 9.77% |
| Mar 31, 2023 | 11.41% |
| Dec 31, 2022 | 11.12% |
| Sep 25, 2022 | 10.76% |
| Jun 26, 2022 | 9.75% |
| Mar 27, 2022 | 9.97% |
| Dec 31, 2021 | 10.58% |
| Sep 26, 2021 | 9.33% |