PII
Polaris Inc.
Auto - Recreational Vehicles
Market Cap$3.80B
5Y Perf.-23.2%
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Stock Comparison
PII vs HOG
Revenue, margins, valuation, and 5-year total return — side by side.
HOG
Harley-Davidson, Inc.
Auto - Recreational Vehicles
Market Cap$2.64B
5Y Perf.+10.7%
PII vs HOG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PII | HOG |
|---|---|---|
| Industry | Auto - Recreational Vehicles | Auto - Recreational Vehicles |
| Market Cap | $3.80B | $2.64B |
| Revenue (TTM) | $7.27B | $4.32B |
| Net Income (TTM) | $-446M | $230M |
| Gross Margin | 19.6% | 23.0% |
| Operating Margin | -0.5% | 5.9% |
| Forward P/E | 37.3x | 57.5x |
| Total Debt | $1.54B | $3.05B |
| Cash & Equiv. | $138M | $3.09B |
PII vs HOG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PII
HOG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Polaris Inc. (PII) | 100 | 76.8 | -23.2% |
| Harley-Davidson, In… (HOG) | 100 | 110.7 | +10.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PII vs HOG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PII leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Harley-Davidson, Inc. is the stronger pick specifically for profitability and margin quality and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PII
Polaris Inc.
The Income Pick
PII carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 29 yrs, beta 1.56, yield 3.9%
- Rev growth -0.3%, EPS growth -5.2%, 3Y rev CAGR -5.9%
- 4.3% 10Y total return vs HOG's -28.0%
Best for: income & stability and growth exposure
HOG
Harley-Davidson, Inc.
The Defensive Pick
HOG is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.96, Low D/E 96.7%, current ratio 2.10x
- Beta 0.96, yield 3.0%, current ratio 2.10x
- 5.3% margin vs PII's -6.1%
Best for: sleep-well-at-night and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PII | -0.3% revenue growth vs HOG's -13.8% |
| Value | PII | Lower P/E (37.3x vs 57.5x) |
| Quality / Margins | HOG | 5.3% margin vs PII's -6.1% |
| Stability / Safety | HOG | Beta 0.96 vs PII's 1.56, lower leverage |
| Dividends | PII | 3.9% yield, 29-year raise streak, vs HOG's 3.0% |
| Momentum (1Y) | PII | +107.0% vs HOG's +6.0% |
| Efficiency (ROA) | HOG | 2.4% ROA vs PII's -8.6%, ROIC 5.0% vs -0.8% |
PII vs HOG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
PII vs HOG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPIILAGGINGHOG
HOGHarley-Davidson, Inc.
1leads
PIIPolaris Inc.
1leads
6 Total Categories
CATEGORYLEADERvs HOGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HOG8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
PII2/2
Income & Cash Flow (Last 12 Months)
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PII is the larger business by revenue, generating $7.3B annually — 1.7x HOG's $4.3B. HOG is the more profitable business, keeping 5.3% of every revenue dollar as net income compared to PII's -6.1%. On growth, PII holds the edge at +8.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| RevenueTrailing 12 months | $7.3B | $4.3B |
| EBITDAEarnings before interest/tax | $178M | $366M |
| Net IncomeAfter-tax profit | -$446M | $230M |
| Free Cash FlowCash after capex | $161M | $44M |
| Gross MarginGross profit ÷ Revenue | +19.6% | +23.0% |
| Operating MarginEBIT ÷ Revenue | -0.5% | +5.9% |
| Net MarginNet income ÷ Revenue | -6.1% | +5.3% |
| FCF MarginFCF ÷ Revenue | +2.2% | +1.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.0% | -11.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +29.1% | -79.4% |
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Valuation Metrics
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, HOG's 5.3x EV/EBITDA is more attractive than PII's 20.2x.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| Market CapShares × price | $3.8B | $2.6B |
| Enterprise ValueMkt cap + debt − cash | $5.2B | $2.6B |
| Trailing P/EPrice ÷ TTM EPS | -8.20x | 8.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 37.25x | 57.47x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.04x |
| EV / EBITDAEnterprise value multiple | 20.20x | 5.29x |
| Price / SalesMarket cap ÷ Revenue | 0.53x | 0.59x |
| Price / BookPrice ÷ Book value/share | 4.54x | 0.91x |
| Price / FCFMarket cap ÷ FCF | 6.81x | 6.37x |
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
HOG leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
HOG delivers a 7.0% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-45 for PII. HOG carries lower financial leverage with a 0.97x debt-to-equity ratio, signaling a more conservative balance sheet compared to PII's 1.83x. On the Piotroski fundamental quality scale (0–9), HOG scores 7/9 vs PII's 4/9, reflecting strong financial health.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| ROE (TTM)Return on equity | -45.2% | +7.0% |
| ROA (TTM)Return on assets | -8.6% | +2.4% |
| ROICReturn on invested capital | -0.8% | +5.0% |
| ROCEReturn on capital employed | -1.0% | +5.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 1.83x | 0.97x |
| Net DebtTotal debt minus cash | $1.4B | -$38M |
| Cash & Equiv.Liquid assets | $138M | $3.1B |
| Total DebtShort + long-term debt | $1.5B | $3.1B |
| Interest CoverageEBIT ÷ Interest expense | -3.26x | 13.87x |
HOG leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PII five years ago would be worth $5,543 today (with dividends reinvested), compared to $5,425 for HOG. Over the past 12 months, PII leads with a +107.0% total return vs HOG's +6.0%. The 3-year compound annual growth rate (CAGR) favors HOG at -10.3% vs PII's -10.8% — a key indicator of consistent wealth creation.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| YTD ReturnYear-to-date | +1.9% | +15.4% |
| 1-Year ReturnPast 12 months | +107.0% | +6.0% |
| 3-Year ReturnCumulative with dividends | -29.0% | -27.8% |
| 5-Year ReturnCumulative with dividends | -44.6% | -45.8% |
| 10-Year ReturnCumulative with dividends | +4.3% | -28.0% |
| CAGR (3Y)Annualised 3-year return | -10.8% | -10.3% |
Evenly matched — PII and HOG each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — PII and HOG each lead in 1 of 2 comparable metrics.
Risk & Volatility
HOG is the less volatile stock with a 0.96 beta — it tends to amplify market swings less than PII's 1.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PII currently trades 89.1% from its 52-week high vs HOG's 75.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.56x | 0.96x |
| 52-Week HighHighest price in past year | $75.25 | $31.25 |
| 52-Week LowLowest price in past year | $33.23 | $17.09 |
| % of 52W HighCurrent price vs 52-week peak | +89.1% | +75.6% |
| RSI (14)Momentum oscillator 0–100 | 62.2 | 57.1 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 3.5M |
Evenly matched — PII and HOG each lead in 1 of 2 comparable metrics.
Analyst Outlook
PII leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PII as "Hold" and HOG as "Hold". Consensus price targets imply 2.5% upside for PII (target: $69) vs -12.0% for HOG (target: $21). For income investors, PII offers the higher dividend yield at 3.94% vs HOG's 3.02%.
| Metric | PIIPolaris Inc. | HOGHarley-Davidson, … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $68.75 | $20.80 |
| # AnalystsCovering analysts | 27 | 35 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | +3.0% |
| Dividend StreakConsecutive years of raises | 29 | 5 |
| Dividend / ShareAnnual DPS | $2.64 | $0.71 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +13.4% |
PII leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
HOG leads in 1 of 6 categories (Profitability & Efficiency). PII leads in 1 (Analyst Outlook). 4 tied.
Best OverallPolaris Inc. (PII)Leads 1 of 6 categories
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PII vs HOG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PII or HOG a better buy right now?
For growth investors, Polaris Inc.
(PII) is the stronger pick with -0. 3% revenue growth year-over-year, versus -13. 8% for Harley-Davidson, Inc. (HOG). Harley-Davidson, Inc. (HOG) offers the better valuation at 8. 5x trailing P/E (57. 5x forward), making it the more compelling value choice. Analysts rate Polaris Inc. (PII) a "Hold" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PII or HOG?
On forward P/E, Polaris Inc.
is actually cheaper at 37. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — PII or HOG?
Over the past 5 years, Polaris Inc.
(PII) delivered a total return of -44. 6%, compared to -45. 8% for Harley-Davidson, Inc. (HOG). Over 10 years, the gap is even starker: PII returned +4. 3% versus HOG's -28. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PII or HOG?
By beta (market sensitivity over 5 years), Harley-Davidson, Inc.
(HOG) is the lower-risk stock at 0. 96β versus Polaris Inc. 's 1. 56β — meaning PII is approximately 62% more volatile than HOG relative to the S&P 500. On balance sheet safety, Harley-Davidson, Inc. (HOG) carries a lower debt/equity ratio of 97% versus 183% for Polaris Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PII or HOG?
By revenue growth (latest reported year), Polaris Inc.
(PII) is pulling ahead at -0. 3% versus -13. 8% for Harley-Davidson, Inc. (HOG). On earnings-per-share growth, the picture is similar: Harley-Davidson, Inc. grew EPS -19. 2% year-over-year, compared to -519. 5% for Polaris Inc.. Over a 3-year CAGR, PII leads at -5. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PII or HOG?
Harley-Davidson, Inc.
(HOG) is the more profitable company, earning 7. 6% net margin versus -6. 5% for Polaris Inc. — meaning it keeps 7. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HOG leads at 8. 6% versus -0. 4% for PII. At the gross margin level — before operating expenses — HOG leads at 30. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PII or HOG more undervalued right now?
On forward earnings alone, Polaris Inc.
(PII) trades at 37. 3x forward P/E versus 57. 5x for Harley-Davidson, Inc. — 20. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PII: 2. 5% to $68. 75.
08Which pays a better dividend — PII or HOG?
All stocks in this comparison pay dividends.
Polaris Inc. (PII) offers the highest yield at 3. 9%, versus 3. 0% for Harley-Davidson, Inc. (HOG).
09Is PII or HOG better for a retirement portfolio?
For long-horizon retirement investors, Harley-Davidson, Inc.
(HOG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 96), 3. 0% yield). Polaris Inc. (PII) carries a higher beta of 1. 56 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HOG: -28. 0%, PII: +4. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PII and HOG?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PII is a small-cap income-oriented stock; HOG is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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