Harley-Davidson Inc (HOG)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 779,084 | 803,945 | 933,378 | 989,655 | 909,278 | 898,258 | 763,752 | 766,497 | 823,439 | 711,127 | 644,799 | 248,340 | 9,679 | 141,693 | 123,653 | 496,009 | 555,608 | 546,956 | 576,528 | 644,218 |
| Revenue (ttm) | US$ in thousands | 5,836,480 | 5,925,550 | 6,025,070 | 6,048,640 | 5,755,140 | 5,629,290 | 5,346,020 | 5,408,990 | 5,336,310 | 5,045,102 | 4,845,472 | 4,178,639 | 4,054,369 | 4,401,417 | 4,508,257 | 5,275,650 | 5,361,790 | 5,435,380 | 5,478,530 | 5,559,130 |
| Operating profit margin | 13.35% | 13.57% | 15.49% | 16.36% | 15.80% | 15.96% | 14.29% | 14.17% | 15.43% | 14.10% | 13.31% | 5.94% | 0.24% | 3.22% | 2.74% | 9.40% | 10.36% | 10.06% | 10.52% | 11.59% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $779,084K ÷ $5,836,480K
= 13.35%
The operating profit margin of Harley-Davidson, Inc. has shown some fluctuations over the past eight quarters. The margin was relatively stable around the 14%-16% range in Q1 2022 to Q2 2023, with a peak of 16.35% in Q1 2023. However, a slight decline was observed in Q3 2023 and Q4 2023, with the margin ranging between 13.35% to 13.56%.
This fluctuation in operating profit margin indicates that Harley-Davidson's operating efficiency and cost management may have varied during this period. It would be important for the company to closely monitor its operating expenses and revenue generation strategies to sustain or improve its profitability levels in the future.
Peer comparison
Dec 31, 2023