Harley-Davidson Inc (HOG) — Cash Flow Quality Index
Harley-Davidson Inc (HOG) has a Cash Flow Quality Index of -9.20x as of March 2026. Operating cash flow of $-228.02 Million is below net income of $24.77 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HOG operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Harley-Davidson Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Harley-Davidson Inc across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Harley-Davidson Inc.
Annual Cash Flow Quality Index for Harley-Davidson Inc (1989–2025)
Year-by-year earnings quality comparison for Harley-Davidson Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.68x | $568.92 Million | $338.74 Million | ▼ -29.7% |
| 2024 | 2.39x | $1.06 Billion | $445.18 Million | ▲ +123.7% |
| 2023 | 1.07x | $754.89 Million | $706.59 Million | ▲ +44.0% |
| 2022 | 0.74x | $548.46 Million | $739.21 Million | ▼ -50.6% |
| 2021 | 1.50x | $975.70 Million | $650.02 Million | ▼ -99.8% |
| 2020 | 907.47x | $1.18 Billion | $1.30 Million | ▲ +44175.8% |
| 2019 | 2.05x | $868.27 Million | $423.63 Million | ▼ -9.7% |
| 2018 | 2.27x | $1.21 Billion | $531.45 Million | ▲ +17.8% |
| 2017 | 1.93x | $1.01 Billion | $521.76 Million | ▲ +13.5% |
| 2016 | 1.70x | $1.17 Billion | $692.16 Million | ▲ +16.0% |
| 2015 | 1.46x | $1.10 Billion | $752.21 Million | ▲ +7.7% |
| 2014 | 1.36x | $1.15 Billion | $844.61 Million | ▲ +2.0% |
| 2013 | 1.33x | $977.09 Million | $733.99 Million | ▲ +4.7% |
| 2012 | 1.27x | $793.08 Million | $623.92 Million | ▼ -21.3% |
| 2011 | 1.62x | $885.29 Million | $548.08 Million | ▼ -61.6% |
| 2010 | 4.21x | $1.09 Billion | $259.67 Million | ▼ -51.2% |
| 2009 | 8.62x | $609.01 Million | $70.64 Million | ▲ +924.4% |
| 2008 | -1.05x | $-684.65 Million | $654.72 Million | ▼ -222.4% |
| 2007 | 0.85x | $798.15 Million | $933.84 Million | ▲ +17.0% |
| 2006 | 0.73x | $761.78 Million | $1.04 Billion | ▼ -27.0% |
| 2005 | 1.00x | $960.51 Million | $959.60 Million | ▼ -8.2% |
| 2004 | 1.09x | $969.73 Million | $889.77 Million | ▼ -11.4% |
| 2003 | 1.23x | $935.55 Million | $760.93 Million | ▼ -8.5% |
| 2002 | 1.34x | $779.55 Million | $580.22 Million | ▼ -22.3% |
| 2001 | 1.73x | $757.26 Million | $437.75 Million | ▲ +6.4% |
| 2000 | 1.63x | $565.49 Million | $347.71 Million | ▲ +4.4% |
| 1999 | 1.56x | $416.10 Million | $267.20 Million | ▲ +4.5% |
| 1998 | 1.49x | $318.10 Million | $213.50 Million | ▼ -16.2% |
| 1997 | 1.78x | $309.70 Million | $174.10 Million | ▲ +29.3% |
| 1996 | 1.38x | $228.30 Million | $166.00 Million | ▼ -8.5% |
| 1995 | 1.50x | $169.10 Million | $112.50 Million | ▲ +94.0% |
| 1994 | 0.77x | $80.80 Million | $104.30 Million | ▼ -85.2% |
| 1993 | 5.23x | $96.20 Million | $18.40 Million | ▲ +222.4% |
| 1992 | 1.62x | $87.90 Million | $54.20 Million | ▲ +20.0% |
| 1991 | 1.35x | $50.00 Million | $37.00 Million | ▲ +11.3% |
| 1990 | 1.21x | $46.50 Million | $38.30 Million | ▼ -28.1% |
| 1989 | 1.69x | $61.10 Million | $36.20 Million | — |