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EZGO Technologies vs Harley-Davidson: revenue, profit, margins and growth compared

EZGO Technologies brought in $21.1M of revenue in fiscal 2024, Harley-Davidson $4.5B in fiscal 2025. Revenue changed by +32.7% at EZGO Technologies and -13.8% at Harley-Davidson on the year before, so EZGO Technologies grew faster. EZGO Technologies kept -34.5% of its revenue as net profit, Harley-Davidson 7.6%.

Side by side, latest fiscal year

EZGOHOG
Fiscal year endedFY2024 (September 30, 2024)FY2025 (December 31, 2025)
Revenue$21.1M$4.5B
Revenue growth+32.7%-13.8%
Net income-$7.3M$338.7M
Net margin-34.5%7.6%
Free cash flown/a$415.2M
Free cash flow marginn/a9.3%
Earnings per share (diluted)-$2.80$2.78
Cash$3.5M$3.1B
Debt$8.1M$2.5B
Price to earningsn/a9.2
Market value$2.1M$2.6B
Dividend yieldn/a2.83%
Rank by revenue in sector#823 of 955 · Consumer discretionary#221 of 955 · Consumer discretionary

Over the years

Revenue
EZGO FY2018: $3.2MEZGO FY2020: $1.4MEZGO FY2020: $15.2MEZGO FY2021: $23.4MEZGO FY2022: $17.4MEZGO FY2023: $15.9MEZGO FY2024: $21.1MHOG FY2018: $5.7BHOG FY2019: $5.4BHOG FY2020: $4.1BHOG FY2021: $5.3BHOG FY2022: $5.8BHOG FY2023: $5.8BHOG FY2024: $5.2BHOG FY2025: $4.5BFY18FY19FY20FY21FY22FY23FY24FY25
EZGO $21.1MHOG $4.5B
Net income
EZGO FY2018: $633.7KEZGO FY2020: $2.2MEZGO FY2020: $276.9KEZGO FY2021: -$3.4MEZGO FY2022: -$6.5MEZGO FY2023: -$6.8MEZGO FY2024: -$7.3MHOG FY2018: $531.5MHOG FY2019: $423.6MHOG FY2020: $1.3MHOG FY2021: $650MHOG FY2022: $741.4MHOG FY2023: $706.6MHOG FY2024: $455.4MHOG FY2025: $338.7MFY18FY19FY20FY21FY22FY23FY24FY25
EZGO -$7.3MHOG $338.7M
Net margin
EZGO FY2018: 19.9%EZGO FY2020: 159.8%EZGO FY2020: 1.8%EZGO FY2021: -14.6%EZGO FY2022: -37.2%EZGO FY2023: -42.6%EZGO FY2024: -34.5%HOG FY2018: 9.3%HOG FY2019: 7.9%HOG FY2020: 0.0%HOG FY2021: 12.2%HOG FY2022: 12.9%HOG FY2023: 12.1%HOG FY2024: 8.8%HOG FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
EZGO -34.5%HOG 7.6%
Revenue growth
EZGO FY2020: -57.0%EZGO FY2020: +1,011.7%EZGO FY2021: +53.7%EZGO FY2022: -25.8%EZGO FY2023: -8.4%EZGO FY2024: +32.7%HOG FY2019: -6.2%HOG FY2020: -24.4%HOG FY2021: +31.6%HOG FY2022: +7.8%HOG FY2023: +1.4%HOG FY2024: -11.1%HOG FY2025: -13.8%FY19FY20FY21FY22FY23FY24FY25
EZGO +32.7%HOG -13.8%
Free cash flow
EZGO FY2018: $910.4KEZGO FY2020: -$4MEZGO FY2020: $1.7MEZGO FY2021: -$13MHOG FY2018: $992.4MHOG FY2019: $686.8MHOG FY2020: $1BHOG FY2021: $855.5MHOG FY2022: $396.8MHOG FY2023: $547.5MHOG FY2024: $867.3MHOG FY2025: $415.2MFY18FY19FY20FY21FY22FY23FY24FY25
EZGO -$13MHOG $415.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about EZGO Technologies and Harley-Davidson

Which is bigger by revenue, EZGO Technologies or Harley-Davidson?

Harley-Davidson is bigger by revenue: $4.5B in fiscal 2025, against $21.1M for EZGO Technologies in fiscal 2024.

Which keeps more of its revenue as profit, EZGO Technologies or Harley-Davidson?

EZGO Technologies had a net margin of -34.5% in fiscal 2024; Harley-Davidson had 7.6% in fiscal 2025.

Which grew revenue faster, EZGO Technologies or Harley-Davidson?

In their latest fiscal years revenue changed by +32.7% at EZGO Technologies and -13.8% at Harley-Davidson.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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