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Harley-Davidson vs Leatt: HOG and LEAT compared
Harley-Davidson is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $16.4M for Leatt (Q2 2026). Leatt is growing faster (+1% against -19% a year earlier). Leatt is more profitable, with an operating margin of 7.0% against 3.4%.
Where the money goes: HOG and LEAT
Harley-Davidson (HOG) · Q3 2026
Harley-Davidson, Q3 2026: revenue $1.1B (-19% year over year), operating margin 3.4%, net earnings $42.8M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.
Leatt (LEAT) · Q2 2026
Leatt, Q2 2026: revenue $16.4M (+1% year over year), operating margin 7.0%, net earnings $909K, operating cash flow $2.9M. The chart follows the revenue to costs, profit and cash.
| Harley-Davidson (HOG) | Leatt (LEAT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $16.4M |
| Revenue growth, Y/Y | -19% | +1% |
| Gross margin | — | 45.4% |
| Operating margin | 3.4% | 7.0% |
| Net earnings | $42.8M | $909K |
| Net margin | 3.9% | 5.5% |
| Operating cash flow | $336M | $2.9M |
| Free cash flow | $316M | $2.6M |
| Market value | $3.5B | — |
| Analysts’ mean target | $30.15 | — |
Where the revenue comes from
Harley-Davidson
- Non-Financial Services Entities: $964M (89%)
- Other revenues: $111M (10%)
- LiveWire: $7.9M (1%)
Questions
Which is bigger, Harley-Davidson or Leatt?
Harley-Davidson is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $16.4M for Leatt (Q2 2026).
Is Harley-Davidson or Leatt growing faster?
Leatt is growing faster (+1% against -19% a year earlier).
Which is more profitable, Harley-Davidson or Leatt?
Leatt is more profitable, with an operating margin of 7.0% against 3.4%.
More: Harley-Davidson earnings · how Harley-Davidson makes money · Leatt earnings · how Leatt makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.