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

ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $390.5M, roughly 1.0× HARLEY-DAVIDSON, INC.). ZIFF DAVIS, INC. runs the higher net margin — 0.1% vs -72.3%, a 72.4% gap on every dollar of revenue. On growth, ZIFF DAVIS, INC. posted the faster year-over-year revenue change (-1.5% vs -9.4%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $100.4M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% 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...

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

HOG vs ZD — Head-to-Head

Bigger by revenue
ZD
ZD
1.0× larger
ZD
$406.7M
$390.5M
HOG
Growing faster (revenue YoY)
ZD
ZD
+7.9% gap
ZD
-1.5%
-9.4%
HOG
Higher net margin
ZD
ZD
72.4% more per $
ZD
0.1%
-72.3%
HOG
More free cash flow
ZD
ZD
$57.3M more FCF
ZD
$157.8M
$100.4M
HOG
Faster 2-yr revenue CAGR
ZD
ZD
Annualised
ZD
13.7%
-48.6%
HOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HOG
HOG
ZD
ZD
Revenue
$390.5M
$406.7M
Net Profit
$-282.6M
$370.0K
Gross Margin
-7.9%
85.9%
Operating Margin
-92.4%
21.2%
Net Margin
-72.3%
0.1%
Revenue YoY
-9.4%
-1.5%
Net Profit YoY
-138.6%
-99.4%
EPS (diluted)
$-2.27
$0.06

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
ZD
ZD
Q4 25
$390.5M
$406.7M
Q3 25
$1.1B
$363.7M
Q2 25
$1.0B
$352.2M
Q1 25
$1.1B
$328.6M
Q4 24
$430.9M
$412.8M
Q3 24
$881.2M
$353.6M
Q2 24
$1.4B
$320.8M
Q1 24
$1.5B
$314.5M
Net Profit
HOG
HOG
ZD
ZD
Q4 25
$-282.6M
$370.0K
Q3 25
$377.4M
$-3.6M
Q2 25
$107.6M
$26.3M
Q1 25
$133.1M
$24.2M
Q4 24
$-118.4M
$64.1M
Q3 24
$119.0M
$-48.6M
Q2 24
$218.3M
$36.9M
Q1 24
$234.9M
$10.6M
Gross Margin
HOG
HOG
ZD
ZD
Q4 25
-7.9%
85.9%
Q3 25
26.0%
85.4%
Q2 25
28.5%
86.1%
Q1 25
28.9%
85.6%
Q4 24
-2.0%
87.1%
Q3 24
29.8%
85.5%
Q2 24
31.8%
84.4%
Q1 24
30.9%
85.4%
Operating Margin
HOG
HOG
ZD
ZD
Q4 25
-92.4%
21.2%
Q3 25
44.0%
7.8%
Q2 25
10.7%
9.5%
Q1 25
14.8%
10.7%
Q4 24
-44.9%
19.0%
Q3 24
12.0%
-8.3%
Q2 24
17.8%
8.9%
Q1 24
17.8%
11.4%
Net Margin
HOG
HOG
ZD
ZD
Q4 25
-72.3%
0.1%
Q3 25
35.0%
-1.0%
Q2 25
10.2%
7.5%
Q1 25
12.3%
7.4%
Q4 24
-27.5%
15.5%
Q3 24
13.5%
-13.7%
Q2 24
16.1%
11.5%
Q1 24
15.9%
3.4%
EPS (diluted)
HOG
HOG
ZD
ZD
Q4 25
$-2.27
$0.06
Q3 25
$3.10
$-0.09
Q2 25
$0.88
$0.62
Q1 25
$1.07
$0.56
Q4 24
$-0.82
$1.53
Q3 24
$0.91
$-1.11
Q2 24
$1.63
$0.77
Q1 24
$1.72
$0.23

Balance Sheet & Financial Strength

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

Metric
HOG
HOG
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$3.1B
$607.0M
Total DebtLower is stronger
$2.5B
$866.5M
Stockholders' EquityBook value
$3.1B
$1.8B
Total Assets
$8.0B
$3.7B
Debt / EquityLower = less leverage
0.79×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOG
HOG
ZD
ZD
Q4 25
$3.1B
$607.0M
Q3 25
$1.8B
$503.4M
Q2 25
$1.6B
$457.3M
Q1 25
$1.9B
$431.0M
Q4 24
$1.6B
$505.9M
Q3 24
$2.2B
$386.1M
Q2 24
$1.8B
$687.2M
Q1 24
$1.5B
$751.2M
Total Debt
HOG
HOG
ZD
ZD
Q4 25
$2.5B
$866.5M
Q3 25
$4.5B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$6.3B
$864.3M
Q3 24
$7.3B
Q2 24
$7.0B
Q1 24
$6.3B
Stockholders' Equity
HOG
HOG
ZD
ZD
Q4 25
$3.1B
$1.8B
Q3 25
$3.6B
$1.8B
Q2 25
$3.3B
$1.8B
Q1 25
$3.2B
$1.8B
Q4 24
$3.2B
$1.8B
Q3 24
$3.4B
$1.8B
Q2 24
$3.4B
$1.9B
Q1 24
$3.3B
$1.9B
Total Assets
HOG
HOG
ZD
ZD
Q4 25
$8.0B
$3.7B
Q3 25
$10.6B
$3.5B
Q2 25
$12.1B
$3.5B
Q1 25
$12.4B
$3.5B
Q4 24
$11.9B
$3.7B
Q3 24
$13.0B
$3.4B
Q2 24
$12.8B
$3.7B
Q1 24
$12.3B
$3.7B
Debt / Equity
HOG
HOG
ZD
ZD
Q4 25
0.79×
0.49×
Q3 25
1.25×
Q2 25
1.91×
Q1 25
2.14×
Q4 24
2.00×
0.48×
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
ZD
ZD
Operating Cash FlowLast quarter
$152.0M
$191.1M
Free Cash FlowOCF − Capex
$100.4M
$157.8M
FCF MarginFCF / Revenue
25.7%
38.8%
Capex IntensityCapex / Revenue
13.2%
8.2%
Cash ConversionOCF / Net Profit
516.44×
TTM Free Cash FlowTrailing 4 quarters
$415.2M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOG
HOG
ZD
ZD
Q4 25
$152.0M
$191.1M
Q3 25
$-92.6M
$138.3M
Q2 25
$368.0M
$57.1M
Q1 25
$141.5M
$20.6M
Q4 24
$133.2M
$158.2M
Q3 24
$353.0M
$106.0M
Q2 24
$473.6M
$50.6M
Q1 24
$104.0M
$75.6M
Free Cash Flow
HOG
HOG
ZD
ZD
Q4 25
$100.4M
$157.8M
Q3 25
$-129.1M
$108.2M
Q2 25
$332.4M
$26.9M
Q1 25
$111.6M
$-5.0M
Q4 24
$77.0M
$131.1M
Q3 24
$300.4M
$80.1M
Q2 24
$432.2M
$25.1M
Q1 24
$57.6M
$47.4M
FCF Margin
HOG
HOG
ZD
ZD
Q4 25
25.7%
38.8%
Q3 25
-12.0%
29.7%
Q2 25
31.7%
7.6%
Q1 25
10.3%
-1.5%
Q4 24
17.9%
31.8%
Q3 24
34.1%
22.7%
Q2 24
31.9%
7.8%
Q1 24
3.9%
15.1%
Capex Intensity
HOG
HOG
ZD
ZD
Q4 25
13.2%
8.2%
Q3 25
3.4%
8.3%
Q2 25
3.4%
8.6%
Q1 25
2.8%
7.8%
Q4 24
13.0%
6.6%
Q3 24
6.0%
7.3%
Q2 24
3.1%
8.0%
Q1 24
3.1%
8.9%
Cash Conversion
HOG
HOG
ZD
ZD
Q4 25
516.44×
Q3 25
-0.25×
Q2 25
3.42×
2.17×
Q1 25
1.06×
0.85×
Q4 24
2.47×
Q3 24
2.97×
Q2 24
2.17×
1.37×
Q1 24
0.44×
7.11×

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%

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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