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Side-by-side financial comparison of HARLEY-DAVIDSON, INC. (HOG) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

HARLEY-DAVIDSON, INC. is the larger business by last-quarter revenue ($390.5M vs $197.9M, roughly 2.0× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 6.7% vs -72.3%, a 79.1% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs -9.4%). HARLEY-DAVIDSON, INC. produced more free cash flow last quarter ($100.4M vs $17.6M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% CAGR vs -48.6%).

Harley-Davidson, Inc. is an American motorcycle manufacturer and lifestyle brand headquartered in Milwaukee, Wisconsin. Founded in 1903, it is one of two major American motorcycle manufacturers to survive the Great Depression along with its historical rival, Indian Motorcycle Company. The company has survived numerous ownership arrangements, subsidiary arrangements, periods of poor economic health and product quality, and intense global competition to become an iconic brand widely known for i...

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

HOG vs RGEN — Head-to-Head

Bigger by revenue
HOG
HOG
2.0× larger
HOG
$390.5M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+23.0% gap
RGEN
13.6%
-9.4%
HOG
Higher net margin
RGEN
RGEN
79.1% more per $
RGEN
6.7%
-72.3%
HOG
More free cash flow
HOG
HOG
$82.9M more FCF
HOG
$100.4M
$17.6M
RGEN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-48.6%
HOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HOG
HOG
RGEN
RGEN
Revenue
$390.5M
$197.9M
Net Profit
$-282.6M
$13.3M
Gross Margin
-7.9%
52.5%
Operating Margin
-92.4%
9.0%
Net Margin
-72.3%
6.7%
Revenue YoY
-9.4%
13.6%
Net Profit YoY
-138.6%
143.9%
EPS (diluted)
$-2.27
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HOG
HOG
RGEN
RGEN
Q4 25
$390.5M
$197.9M
Q3 25
$1.1B
$188.8M
Q2 25
$1.0B
$182.4M
Q1 25
$1.1B
$169.2M
Q4 24
$430.9M
$174.1M
Q3 24
$881.2M
$154.9M
Q2 24
$1.4B
$154.1M
Q1 24
$1.5B
$151.3M
Net Profit
HOG
HOG
RGEN
RGEN
Q4 25
$-282.6M
$13.3M
Q3 25
$377.4M
$14.9M
Q2 25
$107.6M
$14.9M
Q1 25
$133.1M
$5.8M
Q4 24
$-118.4M
$-30.3M
Q3 24
$119.0M
$-654.0K
Q2 24
$218.3M
$3.3M
Q1 24
$234.9M
$2.1M
Gross Margin
HOG
HOG
RGEN
RGEN
Q4 25
-7.9%
52.5%
Q3 25
26.0%
53.2%
Q2 25
28.5%
50.0%
Q1 25
28.9%
53.6%
Q4 24
-2.0%
26.1%
Q3 24
29.8%
50.0%
Q2 24
31.8%
49.8%
Q1 24
30.9%
49.5%
Operating Margin
HOG
HOG
RGEN
RGEN
Q4 25
-92.4%
9.0%
Q3 25
44.0%
8.9%
Q2 25
10.7%
7.6%
Q1 25
14.8%
3.9%
Q4 24
-44.9%
-17.7%
Q3 24
12.0%
-5.1%
Q2 24
17.8%
1.0%
Q1 24
17.8%
1.3%
Net Margin
HOG
HOG
RGEN
RGEN
Q4 25
-72.3%
6.7%
Q3 25
35.0%
7.9%
Q2 25
10.2%
8.2%
Q1 25
12.3%
3.4%
Q4 24
-27.5%
-17.4%
Q3 24
13.5%
-0.4%
Q2 24
16.1%
2.2%
Q1 24
15.9%
1.4%
EPS (diluted)
HOG
HOG
RGEN
RGEN
Q4 25
$-2.27
$0.24
Q3 25
$3.10
$0.26
Q2 25
$0.88
$0.26
Q1 25
$1.07
$0.10
Q4 24
$-0.82
$-0.55
Q3 24
$0.91
$-0.01
Q2 24
$1.63
$0.06
Q1 24
$1.72
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HOG
HOG
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$3.1B
$767.6M
Total DebtLower is stronger
$2.5B
$542.2M
Stockholders' EquityBook value
$3.1B
$2.1B
Total Assets
$8.0B
$2.9B
Debt / EquityLower = less leverage
0.79×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOG
HOG
RGEN
RGEN
Q4 25
$3.1B
$767.6M
Q3 25
$1.8B
$748.7M
Q2 25
$1.6B
$708.9M
Q1 25
$1.9B
$697.2M
Q4 24
$1.6B
$757.4M
Q3 24
$2.2B
$784.0M
Q2 24
$1.8B
$809.1M
Q1 24
$1.5B
$780.6M
Total Debt
HOG
HOG
RGEN
RGEN
Q4 25
$2.5B
$542.2M
Q3 25
$4.5B
$537.9M
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$6.3B
$525.6M
Q3 24
$7.3B
Q2 24
$7.0B
Q1 24
$6.3B
Stockholders' Equity
HOG
HOG
RGEN
RGEN
Q4 25
$3.1B
$2.1B
Q3 25
$3.6B
$2.1B
Q2 25
$3.3B
$2.1B
Q1 25
$3.2B
$2.0B
Q4 24
$3.2B
$2.0B
Q3 24
$3.4B
$2.0B
Q2 24
$3.4B
$2.0B
Q1 24
$3.3B
$2.0B
Total Assets
HOG
HOG
RGEN
RGEN
Q4 25
$8.0B
$2.9B
Q3 25
$10.6B
$2.9B
Q2 25
$12.1B
$2.9B
Q1 25
$12.4B
$2.9B
Q4 24
$11.9B
$2.8B
Q3 24
$13.0B
$2.8B
Q2 24
$12.8B
$2.9B
Q1 24
$12.3B
$2.8B
Debt / Equity
HOG
HOG
RGEN
RGEN
Q4 25
0.79×
0.26×
Q3 25
1.25×
0.26×
Q2 25
1.91×
Q1 25
2.14×
Q4 24
2.00×
0.27×
Q3 24
2.13×
Q2 24
2.03×
Q1 24
1.88×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HOG
HOG
RGEN
RGEN
Operating Cash FlowLast quarter
$152.0M
$25.7M
Free Cash FlowOCF − Capex
$100.4M
$17.6M
FCF MarginFCF / Revenue
25.7%
8.9%
Capex IntensityCapex / Revenue
13.2%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$415.2M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOG
HOG
RGEN
RGEN
Q4 25
$152.0M
$25.7M
Q3 25
$-92.6M
$48.1M
Q2 25
$368.0M
$28.6M
Q1 25
$141.5M
$15.0M
Q4 24
$133.2M
$39.2M
Q3 24
$353.0M
$49.3M
Q2 24
$473.6M
$42.2M
Q1 24
$104.0M
$44.7M
Free Cash Flow
HOG
HOG
RGEN
RGEN
Q4 25
$100.4M
$17.6M
Q3 25
$-129.1M
$43.4M
Q2 25
$332.4M
$21.5M
Q1 25
$111.6M
$11.4M
Q4 24
$77.0M
$33.6M
Q3 24
$300.4M
$42.3M
Q2 24
$432.2M
$37.4M
Q1 24
$57.6M
$36.4M
FCF Margin
HOG
HOG
RGEN
RGEN
Q4 25
25.7%
8.9%
Q3 25
-12.0%
23.0%
Q2 25
31.7%
11.8%
Q1 25
10.3%
6.8%
Q4 24
17.9%
19.3%
Q3 24
34.1%
27.3%
Q2 24
31.9%
24.3%
Q1 24
3.9%
24.0%
Capex Intensity
HOG
HOG
RGEN
RGEN
Q4 25
13.2%
4.1%
Q3 25
3.4%
2.5%
Q2 25
3.4%
3.9%
Q1 25
2.8%
2.1%
Q4 24
13.0%
3.2%
Q3 24
6.0%
4.5%
Q2 24
3.1%
3.1%
Q1 24
3.1%
5.5%
Cash Conversion
HOG
HOG
RGEN
RGEN
Q4 25
1.93×
Q3 25
-0.25×
3.23×
Q2 25
3.42×
1.92×
Q1 25
1.06×
2.57×
Q4 24
Q3 24
2.97×
Q2 24
2.17×
12.70×
Q1 24
0.44×
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HOG
HOG

Motorcycles$193.9M50%
Other$63.8M16%
Other Income Financial Services$59.8M15%
Apparel$47.2M12%
Livewire Segment$11.4M3%

RGEN
RGEN

Segment breakdown not available.

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