Harley-Davidson, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.47B | $5.19B | $5.84B | $5.76B | $5.34B | $4.05B | $5.36B | $5.72B |
| Cost of Revenue | $2.74B | $3.01B | $3.32B | $3.40B | $3.24B | $2.44B | $3.23B | $3.35B |
| Gross Profit | $1.73B | $2.18B | $2.51B | $2.35B | $2.09B | $1.62B | $2.13B | $2.37B |
| Gross Margin | 38.7% | 42.0% | 43.1% | 40.9% | 39.2% | 39.9% | 39.8% | 41.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | $159.3M | $158.6M | $175.1M | $202.4M | $216.5M | $191.6M |
| SG&A Expense | $1.15B | $1.15B | $1.18B | $1.08B | $1.05B | $1.05B | $1.20B | $1.26B |
| Operating Income | $386.6M | $416.6M | $779.1M | $909.3M | $823.4M | $9.7M | $555.6M | $713.5M |
| Operating Margin | 8.6% | 8.0% | 13.3% | 15.8% | 15.4% | 0.2% | 10.4% | 12.5% |
| Interest Expense | — | — | $30.8M | $31.2M | $31.0M | $31.1M | $31.1M | $30.9M |
| Pretax Income | $458.7M | $517.1M | $866.9M | $931.2M | $819.2M | $-15.7M | $557.4M | $686.6M |
| Income Tax Expense | $129.6M | $72.0M | $171.8M | $192.0M | $169.2M | $-17.0M | $133.8M | $155.2M |
| Net Income | $338.7M | $455.4M | $706.6M | $741.4M | $650.0M | $1.3M | $423.6M | $531.5M |
| Net Margin | 7.6% | 8.8% | 12.1% | 12.9% | 12.2% | 0.0% | 7.9% | 9.3% |
| EPS (Basic) | $2.82 | $3.46 | $4.96 | $5.01 | $4.23 | $0.01 | $2.70 | $3.21 |
| EPS (Diluted) | $2.78 | $3.44 | $4.87 | $4.96 | $4.19 | $0.01 | $2.68 | $3.19 |
| Shares Outstanding (Basic) | 120.1M | 131.4M | 142.4M | 148.0M | 153.7M | 153.2M | 157.1M | 165.7M |
| Shares Outstanding (Diluted) | 121.3M | 132.3M | 145.1M | 149.4M | 155.0M | 153.9M | 157.8M | 166.5M |
| Dividends Per Share | $0.72 | $0.69 | $0.66 | $0.63 | $0.60 | $0.44 | $1.50 | $1.48 |