Harley-Davidson (MEX:HOG) EBIT: MXN6,625 Mil (TTM As of Mar. 2026)


MEX:HOG Harley-Davidson Inc MEX:HOG
79 GF Score
Price MXN414.20
GF Value MXN454.08
! 8 Warning Signs
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What is Harley-Davidson EBIT?

Harley-Davidson MEX:HOG 79 EBIT is MXN6,625 Mil as of Mar. 2026. GuruFocus rates MEX:HOG with a GF Score™ of 79/100 and a GF Value™ of MXN454.08. The stock has 8 warning signs investors should review.

Harley-Davidson's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN823 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN6,625 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harley-Davidson's annualized ROC % for the quarter that ended in Mar. 2026 was 1.30%. Harley-Davidson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harley-Davidson's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.16%.


Harley-Davidson  (MEX:HOG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Harley-Davidson's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1694.64 * ( 1 - 42.7% )/( (74072.497 + 75882.304)/ 2 )
=971.02872/74977.4005
=1.30 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=144852.526 - 18054.748 - ( 55669.015 - max(0, 47871.647 - 100596.928+55669.015))
=74072.497

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=130658.831 - 22226.277 - ( 32550.25 - max(0, 44687.321 - 85523.434+32550.25))
=75882.304

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Harley-Davidson's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3293.996/( ( (14994.535 + max(16329.946, 0)) + (14457.339 + max(18567.009, 0)) )/ 2 )
=3293.996/( ( 31324.481 + 33024.348 )/ 2 )
=3293.996/32174.4145
=10.24 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21745.232 + 13160.33 + 5264.561) - (18054.748 + 625.194 + 5160.235)
=16329.946

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26568.226 + 11219.748 + 7488.998) - (22226.277 + 0 + 4483.686)
=18567.009

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Harley-Davidson's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6624.892/54490.411
=12.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Harley-Davidson EBIT Related Terms


Harley-Davidson EBIT Historical Data

* Premium members only.

The historical data trend for Harley-Davidson's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Harley-Davidson EBIT Chart

Harley-Davidson Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,441.19 18,764.28 15,237.15 11,426.55 8,861.96

Harley-Davidson Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,799.35 2,595.85 9,203.85 -5,998.31 823.50

MEX:HOG vs LCII, PATK, PII: EBIT Comparison

For the Recreational Vehicles subindustry, Harley-Davidson's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Harley-Davidson EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harley-Davidson's EV-to-EBIT falls into.


MEX:HOG
79GF Score
Harley-Davidson Inc MEX:HOG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harley-Davidson EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN6,625 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN6,625 Mil mean?
Harley-Davidson (MEX:HOG) has a EBIT of MXN6,625 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harley-Davidson.
Is Harley-Davidson's EBIT too high?
Harley-Davidson's current EBIT is MXN6,625 Mil. Overall, Harley-Davidson has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Harley-Davidson's EBIT compare to LCII and PATK?
Harley-Davidson's EBIT of MXN6,625 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harley-Davidson. Harley-Davidson's current EBIT is MXN6,625 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harley-Davidson stock overvalued right now?
Harley-Davidson (MEX:HOG) has a current EBIT of MXN6,625 Mil. The stock's GF Value™ is MXN454.08, compared to a current price of MXN414.20 — trading 8.8% below its estimated fair value. The current EBIT is MXN6,625 Mil. Harley-Davidson's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Harley-Davidson (MEX:HOG), the current EBIT is MXN6,625 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Harley-Davidson (MEX:HOG) Overvalued in 2026?

Based on GuruFocus' analysis, Harley-Davidson stock appears to be undervalued. The current stock price of MXN414.20 is trading 8.8% below its estimated GF Value™ of MXN454.08.

Key valuation signals for MEX:HOG:

  • EBIT: MXN6,625 Mil
  • GF Value™: MXN454.08 vs. price of MXN414.20 (8.8% below fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the MEX:HOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harley-Davidson Business Description

Address 3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a leading global manufacturer of heavyweight motorcycles across the custom, cruising, and touring categories, as well as related merchandise, parts, and accessories. In recent years, the firm has expanded into the adventure touring market with its Pan America model, into electric with the LiveWire brand, and is returning to smaller-displacement bikes with the Sprint. Its captive finance arm, Harley-Davidson Financial Services, provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captured around 34% of the heavyweight domestic market in 2025.
79GF Score

Get the complete analysis for MEX:HOG

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN414.20
Price
MXN454.08
GF Value