Harley-Davidson price to free cash flow HOG

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 58.9×; Jul 2026
10-year median: 7.1×
10-year range: 3.1× to 63.8×
Peer median: 25.4×

Harley-Davidson's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Jul 2026, at 58.9×.

On the days it had one over the last ten years, its median was 7.1×, from 3.1× in Jun 2025 to 63.8× in Jul 2026.

Price to free cash flow over time

median 7.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	58.9×	4.7×	63.8×
2025	6.3×	3.1×	7.7×
2024	5.0×	5.0×	11.1×
2023	10.8×	7.0×	19.4×
2022	12.6×	5.5×	14.7×
2021	6.7×	4.9×	7.1×
2020	5.6×	3.3×	7.8×
2019	8.1×	5.4×	8.5×
2018	5.7×	5.4×	9.8×
2017	8.7×	7.0×	14.4×
2016	14.3×	7.8×	15.3×
2015	9.2×	9.1×	15.6×
2014	15.6×	12.6×	21.7×
2013	21.5×	18.4×	23.6×
2012	20.6×	13.2×	21.3×
2011	13.0×	7.3×	16.1×
2010	7.0×	4.2×	8.2×

Against its peers

Companies in Aerospace & Defense nearest Harley-Davidson's size, closest first, today.

Company	Price to free cash flow
HOGHarley-Davidson	n/m
THOThor Industries	21.4×
ATROAstronics	41.0×
AIRAAR	24.0×
KRMNKarman	n/m
LOARLoar	54.4×
SAROStandardAero	32.9×
KTOSKratos Defense & Security Solutions	n/m
DRSLeonardo DRS	25.4×
HIIHuntington Ingalls Industries	n/m
WGOWinnebago Industries	5.6×
Peer median	25.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Harley-Davidson

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.