Harley-Davidson annual return on equity
2008
2009
2010
2011
2012
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2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Harley-Davidson Return on Equity (ROE) Growth & History (HOG)
Harley-Davidson's return on equity was 10.74% for fiscal 2025.
View full Harley-Davidson company overviewHarley-Davidson annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.74% | −3.45 pp |
| 2024 | 2024-12-31 | 14.19% | −8.77 pp |
| 2023 | 2023-12-31 | 22.95% | −4.22 pp |
| 2022 | 2022-12-31 | 27.17% | −3.23 pp |
| 2021 | 2021-12-31 | 30.40% | +30.33 pp |
| 2020 | 2020-12-31 | 0.07% | −23.61 pp |
| 2019 | 2019-12-31 | 23.68% | −5.70 pp |
| 2018 | 2018-12-31 | 29.38% | +1.66 pp |
| 2017 | 2017-12-31 | 27.72% | −9.10 pp |
| 2016 | 2016-12-31 | 36.82% | +5.14 pp |
| 2015 | 2015-12-31 | 31.68% | +3.14 pp |
| 2014 | 2014-12-31 | 28.54% | +2.17 pp |
| 2013 | 2013-12-31 | 26.37% | +1.30 pp |
| 2012 | 2012-12-31 | 25.07% | −0.83 pp |
| 2011 | 2011-12-31 | 25.90% | +19.10 pp |
| 2010 | 2010-12-31 | 6.79% | +9.40 pp |
| 2009 | 2009-12-31 | −2.61% | −31.77 pp |
| 2008 | 2008-12-31 | 29.16% | — |
Harley-Davidson quarterly return on equity
Q2.09
Q3.09
Q4.09
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Q2.10
Q3.10
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Q1.11
Q2.11
Q3.11
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Q3.12
Q4.12
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Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
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Q2.21
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Q2.22
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Q1.23
Q2.23
Q3.23
Q4.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.59% | −0.72 pp |
| Q1 2026 | 2026-03-31 | 0.80% | −3.39 pp |
| Q4 2025 | 2025-12-31 | −8.32% | −4.78 pp |
| Q3 2025 | 2025-09-30 | 10.96% | +7.49 pp |
| Q2 2025 | 2025-06-30 | 3.31% | −3.13 pp |
| Q1 2025 | 2025-03-31 | 4.19% | −2.94 pp |
| Q4 2024 | 2024-12-31 | −3.54% | −4.33 pp |
| Q3 2024 | 2024-09-30 | 3.47% | −2.65 pp |
| Q2 2024 | 2024-06-30 | 6.44% | +0.77 pp |
| Q1 2024 | 2024-03-31 | 7.13% | −3.01 pp |
| Q4 2023 | 2023-12-31 | 0.79% | −0.67 pp |
| Q3 2023 | 2023-09-30 | 6.11% | −3.43 pp |
| Q2 2023 | 2023-06-30 | 5.67% | −2.72 pp |
| Q1 2023 | 2023-03-31 | 10.14% | +1.35 pp |
| Q4 2022 | 2022-12-31 | 1.46% | +0.58 pp |
| Q3 2022 | 2022-09-25 | 9.54% | +2.33 pp |
| Q2 2022 | 2022-06-26 | 8.39% | −1.53 pp |
| Q1 2022 | 2022-03-27 | 8.79% | −5.22 pp |
| Q4 2021 | 2021-12-31 | 0.88% | +6.40 pp |
| Q3 2021 | 2021-09-26 | 7.21% | +0.13 pp |
| Q2 2021 | 2021-06-27 | 9.92% | +15.48 pp |
| Q1 2021 | 2021-03-28 | 14.01% | +10.02 pp |
| Q4 2020 | 2020-12-31 | −5.52% | −6.26 pp |
| Q3 2020 | 2020-09-27 | 7.08% | +2.46 pp |
| Q2 2020 | 2020-06-28 | −5.56% | −16.11 pp |
| Q1 2020 | 2020-03-29 | 3.99% | −3.18 pp |
| Q4 2019 | 2019-12-31 | 0.74% | +0.72 pp |
| Q3 2019 | 2019-09-29 | 4.62% | −0.66 pp |
| Q2 2019 | 2019-06-30 | 10.55% | −1.11 pp |
| Q1 2019 | 2019-03-31 | 7.16% | −1.94 pp |
| Q4 2018 | 2018-12-31 | 0.03% | −0.42 pp |
| Q3 2018 | 2018-09-30 | 5.28% | +1.78 pp |
| Q2 2018 | 2018-07-01 | 11.66% | −1.16 pp |
| Q1 2018 | 2018-04-01 | 9.10% | −0.42 pp |
| Q4 2017 | 2017-12-31 | 0.45% | −1.96 pp |
| Q3 2017 | 2017-09-24 | 3.50% | −2.19 pp |
| Q2 2017 | 2017-06-25 | 12.82% | −1.51 pp |
| Q1 2017 | 2017-03-26 | 9.52% | −3.90 pp |
| Q4 2016 | 2016-12-31 | 2.41% | +0.49 pp |
| Q3 2016 | 2016-09-25 | 5.68% | +0.66 pp |
| Q2 2016 | 2016-06-26 | 14.33% | +4.27 pp |
| Q1 2016 | 2016-03-27 | 13.42% | +4.19 pp |
| Q4 2015 | 2015-12-31 | 1.92% | −0.49 pp |
| Q3 2015 | 2015-09-27 | 5.03% | +0.51 pp |
| Q2 2015 | 2015-06-28 | 10.06% | −0.79 pp |
| Q1 2015 | 2015-03-29 | 9.23% | +0.61 pp |
| Q4 2014 | 2014-12-31 | 2.41% | −0.15 pp |
| Q3 2014 | 2014-09-28 | 4.51% | −1.19 pp |
| Q2 2014 | 2014-06-29 | 10.85% | +0.94 pp |
| Q1 2014 | 2014-03-30 | 8.62% | +0.03 pp |
| Q4 2013 | 2013-12-31 | 2.56% | −0.13 pp |
| Q3 2013 | 2013-09-29 | 5.71% | +0.71 pp |
| Q2 2013 | 2013-06-30 | 9.92% | +0.48 pp |
| Q1 2013 | 2013-03-31 | 8.59% | +1.71 pp |
| Q4 2012 | 2012-12-31 | 2.69% | +2.68 pp |
| Q3 2012 | 2012-09-30 | 4.99% | −2.16 pp |
| Q2 2012 · Jul 1 | 2012-07-01 | 9.44% | +1.61 pp |
| Q1 2012 · Apr 1 | 2012-04-01 | 6.89% | +1.64 pp |
| Q4 2011 | 2011-12-31 | 0.00% | +2.13 pp |
| Q3 2011 · Sep 25 | 2011-09-25 | 7.15% | +3.05 pp |
| Q2 2011 · Jun 26 | 2011-06-26 | 7.82% | +4.46 pp |
| Q1 2011 · Mar 27 | 2011-03-27 | 5.25% | +3.66 pp |
| Q4 2010 | 2010-12-31 | −2.13% | +7.82 pp |
| Q3 2010 | 2010-09-26 | 4.11% | +2.94 pp |
| Q2 2010 | 2010-06-27 | 3.37% | +2.46 pp |
| Q1 2010 | 2010-03-28 | 1.59% | — |
| Q4 2009 | 2009-12-31 | −9.95% | — |
| Q3 2009 | 2009-09-27 | 1.17% | — |
| Q2 2009 | 2009-06-28 | 0.90% | — |
Harley-Davidson return on equity trends
Over the last five fiscal years, Harley-Davidson's return on equity increased from 0.07% to 10.74%, a change of +10.67 percentage points. The latest reported quarter, Q2 2026, shows 2.59%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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