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Polaris Inc.(PII)Earnings, Financials & Key Ratios
PII•NYSE
$67.06
$3.8B mkt cap·Price updated May 7, 2026
AboutPolaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through three segments: Off-Road, On-Road and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles. It also provides quadricycles and moto-roadsters; ORV accessories comprising winches, bumper, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil; snowmobile accessories, which include covers, traction products, electric starters, reverse kits, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, such as saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers gear and apparel, such as helmets, jackets, gloves, pants, hats, goggles, boots, bibs, and leathers; and pontoon and deck boats. The company provides its products through dealers and distributors, and online; and aftermarket parts, garments, and accessories through 101 brick-and-mortar retail centers, call centers, and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.Show more
- Revenue$7.15B-0.3%
- EBITDA$258M-49.2%
- Net Income-$466M-520.1%
- EPS (Diluted)-8.18-519.5%
- Gross Margin18.52%-5.3%
- EBITDA Margin3.6%-49.0%
- Operating Margin-0.4%-112.9%
- Net Margin-6.51%-521.5%
- ROE-43.63%-634.6%
- ROIC-0.78%-114.9%
- Debt/Equity1.83+7.8%
- Interest Coverage-3.01-251.4%
PII Key Insights
Polaris Inc. (PII) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 29 years of consecutive increases
- ✓Healthy dividend yield of 3.9%
- ✓Efficient asset utilization: 1.5x turnover
✗Weaknesses
- ✗Weak 3Y average ROE of 1.5%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PII Price & Volume
Polaris Inc. (PII) stock price & volume — 10-year historical chart
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PII Growth Metrics
Polaris Inc. (PII) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.24%
5 Years0.35%
3 Years-5.92%
TTM4.3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-1209.7%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1188.89%
Return on Capital
10 Years15.74%
5 Years15.01%
3 Years8.32%
Last Year-0.96%
PII Recent Earnings
Polaris Inc. (PII) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 27, 2026EPS
$0.13
Est $0.43
+130.2%
Revenue
$1.7B
Est $1.6B
+1.9%
Q1 2026
Jan 27, 2026EPS
$0.08
Est $0.06
+33.3%
Revenue
$1.9B
Est $1.8B
+5.9%
Q4 2025
Oct 28, 2025EPS
$0.41
Est $0.37
+10.8%
Revenue
$1.8B
Est $1.8B
+3.1%
Q3 2025
Jul 29, 2025EPS
$0.40
Est $0.05
+700.0%
Revenue
$1.9B
Est $1.7B
+10.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $0.13vs $0.43+130.2% | $1.7Bvs $1.6B+1.9% |
| Q1 2026 | Jan 27, 2026 | $0.08vs $0.06+33.3% | $1.9Bvs $1.8B+5.9% |
| Q4 2025 | Oct 28, 2025 | $0.41vs $0.37+10.8% | $1.8Bvs $1.8B+3.1% |
| Q3 2025 | Jul 29, 2025 | $0.40vs $0.05+700.0% | $1.9Bvs $1.7B+10.6% |
Based on last 12 quarters of dataView full earnings history →
PII Peer Comparison
Polaris Inc. (PII) competitors in RV and Powersports Manufacturers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HOG | 2.64B | 23.63 | 8.50 | -13.76% | 5.34% | 7.03% | 0.97 | |
 FOXF | 778.69M | 18.57 | -1.42 | 5.27% | -20.25% | -36.99% | 1.16 | |
 MBUU | 472.5M | 25.40 | 33.42 | -2.59% | -0.64% | -1.03% | 0.05 | |
 BC | 5.26B | 80.75 | -38.82 | 2.4% | -2.47% | -5.12% | 1.49 | |
 DOOO | 2.34B | 64.23 | -31.06 | -24.47% | -0.48% | -7.62% | 12.68 | |
 HMC | 31.22B | 24.06 | 7.01 | 6.17% | 2.32% | 3.88% | 0.35 | |
 MCFT | 417.42M | 25.64 | 59.63 | -22.47% | 3.72% | 5.94% | ||
 MOD | 14.22B | 269.65 | 78.85 | 7.3% | 3.4% | 8.66% | 0.49 |
Compare PII vs Peers
Polaris Inc. (PII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PII Income Statement
Polaris Inc. (PII) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.43B | 6.08B | 6.78B | 7.03B | 7.44B | 8.59B | 8.93B | 7.18B | 7.15B | 7.27B |
| Revenue Growth % | 20.19% | 11.98% | 11.58% | 3.62% | 5.85% | 15.46% | 4.02% | -19.69% | -0.33% | 4.3% |
| Cost of Goods Sold | 4.02B | 4.65B | 5.21B | 5.4B | 5.74B | 6.68B | 7.03B | 5.77B | 5.83B | 5.85B |
| COGS % of Revenue | 74.06% | 76.55% | 76.82% | 76.85% | 77.19% | 77.78% | 78.67% | 80.43% | 81.48% | - |
| Gross Profit | 1.41B▲ 0% | 1.43B▲ 1.2% | 1.57B▲ 10.3% | 1.63B▲ 3.5% | 1.7B▲ 4.3% | 1.91B▲ 12.5% | 1.91B▼ 0.1% | 1.4B▼ 26.3% | 1.32B▼ 5.6% | 1.43B▲ 0% |
| Gross Margin % | 25.94% | 23.45% | 23.18% | 23.15% | 22.81% | 22.22% | 21.33% | 19.57% | 18.52% | 19.64% |
| Gross Profit Growth % | 27.75% | 1.2% | 10.33% | 3.46% | 4.29% | 12.47% | -0.12% | -26.34% | -5.65% | - |
| Operating Expenses | 1.01B | 1.03B | 1.17B | 1.11B | 1.04B | 1.15B | 1.28B | 1.18B | 1.35B | 1.46B |
| OpEx % of Revenue | 18.57% | 16.88% | 17.26% | 15.84% | 13.97% | 13.44% | 14.29% | 16.49% | 18.92% | - |
| Selling, General & Admin | 624.1M | 661.18M | 877.52M | 817.7M | 710.2M | 787.5M | 902.5M | 846.6M | 981M | 1.06B |
| SG&A % of Revenue | 11.5% | 10.88% | 12.94% | 11.64% | 9.55% | 9.17% | 10.1% | 11.8% | 13.72% | - |
| Research & Development | 238.3M | 259.68M | 292.94M | 295.6M | 328.7M | 366.7M | 374.3M | 336.9M | 371.9M | 371.3M |
| R&D % of Revenue | 4.39% | 4.27% | 4.32% | 4.21% | 4.42% | 4.27% | 4.19% | 4.7% | 5.2% | - |
| Other Operating Expenses | 145.71M | 105.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 400.2M▲ 0% | 399.3M▼ 0.2% | 401.89M▲ 0.6% | 513.5M▲ 27.8% | 657.7M▲ 28.1% | 754M▲ 14.6% | 629.2M▼ 16.6% | 220.4M▼ 65.0% | -28.3M▼ 112.8% | -34.7M▲ 0% |
| Operating Margin % | 7.37% | 6.57% | 5.93% | 7.31% | 8.84% | 8.78% | 7.04% | 3.07% | -0.4% | -0.48% |
| Operating Income Growth % | 48.98% | -0.22% | 0.65% | 27.77% | 28.08% | 14.64% | -16.55% | -64.97% | -112.84% | - |
| EBITDA | 591.3M | 610.33M | 636.4M | 774.2M | 874.1M | 986.8M | 888.1M | 506.7M | 257.6M | 177.8M |
| EBITDA Margin % | 10.89% | 10.04% | 9.38% | 11.02% | 11.75% | 11.49% | 9.94% | 7.06% | 3.6% | 2.44% |
| EBITDA Growth % | 35.58% | 3.22% | 4.27% | 21.65% | 12.9% | 12.89% | -10% | -42.95% | -49.16% | -59.46% |
| D&A (Non-Cash Add-back) | 191.11M | 211.04M | 234.51M | 260.7M | 216.4M | 232.8M | 258.9M | 286.3M | 285.9M | 212.5M |
| EBIT | 350.95M | 486.22M | 484.49M | 202M | 664.8M | 834.1M | 754.2M | 283.1M | -399.9M | -418.6M |
| Net Interest Income | -32.16M | -56.97M | -76.69M | -60.6M | -36.1M | -72.7M | -133.8M | -142.3M | -132.8M | -128.6M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 32.16M | 56.97M | 76.69M | 60.6M | 36.1M | 72.7M | 133.8M | 142.3M | 132.8M | 128.6M |
| Other Income/Expense | -81.41M | 29.95M | 5.91M | -372.1M | -29M | 7.4M | -8.8M | -79.6M | -504.4M | -484.6M |
| Pretax Income | 318.79M▲ 0% | 429.25M▲ 34.6% | 407.8M▼ 5.0% | 141.4M▼ 65.3% | 628.7M▲ 344.6% | 761.4M▲ 21.1% | 620.4M▼ 18.5% | 140.8M▼ 77.3% | -532.7M▼ 478.3% | -519.3M▲ 0% |
| Pretax Margin % | 5.87% | 7.06% | 6.01% | 2.01% | 8.45% | 8.86% | 6.94% | 1.96% | -7.45% | -7.14% |
| Income Tax | 146.3M | 93.99M | 83.92M | 16.5M | 132.1M | 158M | 117.7M | 29.6M | -67.9M | -73.8M |
| Effective Tax Rate % | 45.89% | 21.9% | 20.58% | 11.67% | 21.01% | 20.75% | 18.97% | 21.02% | 12.75% | 14.21% |
| Net Income | 172.49M▲ 0% | 335.26M▲ 94.4% | 323.96M▼ 3.4% | 124.8M▼ 61.5% | 493.9M▲ 295.8% | 589.7M▲ 19.4% | 502.8M▼ 14.7% | 110.8M▼ 78.0% | -465.5M▼ 520.1% | -446.1M▲ 0% |
| Net Margin % | 3.18% | 5.52% | 4.78% | 1.78% | 6.64% | 6.87% | 5.63% | 1.54% | -6.51% | -6.13% |
| Net Income Growth % | -19% | 94.36% | -3.37% | -61.48% | 295.75% | 19.4% | -14.74% | -77.96% | -520.13% | -1209.7% |
| Net Income (Continuing) | 172.49M | 335.26M | 323.88M | 124.9M | 496.6M | 603.4M | 502.7M | 111.2M | -464.8M | -445.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | -2.3M | -13.2M | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 279K | 200K | 300K | 2M | 2.5M | 2.4M | 4.2M | 11.2M | 4.7M |
| EPS (Diluted) | 2.69▲ 0% | 5.25▲ 95.2% | 5.20▼ 1.0% | 1.99▼ 61.7% | 7.88▲ 296.0% | 9.81▲ 24.5% | 8.71▼ 11.2% | 1.95▼ 77.6% | -8.18▼ 519.5% | -7.77▲ 0% |
| EPS Growth % | -17.74% | 95.17% | -0.95% | -61.73% | 295.98% | 24.49% | -11.21% | -77.61% | -519.49% | -1188.89% |
| EPS (Basic) | 2.74 | 5.36 | 5.27 | 2.02 | 8.06 | 9.94 | 8.81 | 1.96 | -8.18 | - |
| Diluted Shares Outstanding | 64.18M | 63.9M | 62.29M | 62.6M | 62.7M | 60.1M | 57.7M | 56.8M | 56.9M | 57.4M |
| Basic Shares Outstanding | 62.92M | 62.5M | 61.44M | 61.9M | 61.3M | 59.3M | 57.1M | 56.5M | 56.9M | 57.4M |
| Dividend Payout Ratio | 84.31% | 44.45% | 46.02% | 122.2% | 31.06% | 25.44% | 29.3% | 133.3% | - | - |
PII Balance Sheet
Polaris Inc. (PII) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.25B | 1.49B | 1.63B | 2.21B | 2.56B | 2.77B | 2.69B | 2.63B | 2.21B | 2.59B |
| Cash & Short-Term Investments | 138.34M | 161.16M | 157.1M | 634.7M | 502.3M | 324.5M | 367.8M | 287.8M | 138M | 282M |
| Cash Only | 138.34M | 161.16M | 157.1M | 634.7M | 502.3M | 324.5M | 367.8M | 287.8M | 138M | 282M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 229.75M | 233.56M | 222.9M | 261.1M | 231.9M | 363.3M | 315.4M | 207.4M | 239.5M | 249M |
| Days Sales Outstanding | 15.45 | 14.02 | 12 | 13.56 | 11.38 | 15.44 | 12.89 | 10.55 | 12.22 | 12.77 |
| Inventory | 783.96M | 969.51M | 1.12B | 1.18B | 1.51B | 1.9B | 1.81B | 1.74B | 1.41B | 1.57B |
| Days Inventory Outstanding | 71.18 | 76.05 | 78.54 | 79.58 | 96.02 | 103.59 | 94.02 | 110.14 | 88.47 | 99.51 |
| Other Current Assets | 0 | 0 | 0 | 0 | 153.6M | 183.7M | 198M | 395.7M | 416.7M | 491.5M |
| Total Non-Current Assets | 1.84B | 2.64B | 2.8B | 2.43B | 2.49B | 2.45B | 2.82B | 2.89B | 2.69B | 2.65B |
| Property, Plant & Equipment | 747.19M | 843.12M | 1.01B | 1.01B | 1.02B | 1.13B | 1.35B | 1.31B | 1.15B | 1.11B |
| Fixed Asset Turnover | 7.27x | 7.21x | 6.72x | 6.93x | 7.31x | 7.60x | 6.64x | 5.46x | 6.21x | 6.15x |
| Goodwill | 433.37M | 647.08M | 659.9M | 397.3M | 391.3M | 386.2M | 394.4M | 393.5M | 0 | 0 |
| Intangible Assets | 347.21M | 870.52M | 830.3M | 686.4M | 543.9M | 524.4M | 512M | 542.7M | 800M | 0 |
| Long-Term Investments | 88.76M | 92.06M | 110.6M | 59.4M | 49.3M | 93.1M | 141.1M | 136.7M | 131.5M | 402M |
| Other Non-Current Assets | 104.04M | 98.96M | 99.4M | 90.2M | 323.2M | 106.7M | 135.8M | 121.4M | 78.5M | 454.2M |
| Total Assets | 3.09B▲ 0% | 4.12B▲ 33.5% | 4.43B▲ 7.4% | 4.63B▲ 4.6% | 5.05B▲ 9.0% | 5.22B▲ 3.4% | 5.52B▲ 5.7% | 5.53B▲ 0.2% | 4.89B▼ 11.4% | 5.24B▲ 0% |
| Asset Turnover | 1.76x | 1.47x | 1.53x | 1.52x | 1.47x | 1.65x | 1.62x | 1.30x | 1.46x | 1.40x |
| Asset Growth % | -0.32% | 33.51% | 7.41% | 4.56% | 8.96% | 3.37% | 5.72% | 0.16% | -11.43% | -26.64% |
| Total Current Liabilities | 1.13B | 1.2B | 1.53B | 1.89B | 2.23B | 2.33B | 1.93B | 2.29B | 2.24B | 2.13B |
| Accounts Payable | 317.38M | 346.29M | 450.2M | 782.2M | 776M | 847.6M | 713.1M | 562.8M | 762.5M | 833.5M |
| Days Payables Outstanding | 28.82 | 27.16 | 31.54 | 52.86 | 49.32 | 46.31 | 37.03 | 35.59 | 47.76 | 49.62 |
| Short-Term Debt | 47.75M | 66.54M | 166.7M | 142.1M | 553.3M | 553.6M | 54M | 434.3M | 34.8M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.4M |
| Other Current Liabilities | 291.85M | 289.68M | 320.7M | 356.2M | 107.8M | 212.3M | 212.7M | 145.9M | 1.45B | 2.13B |
| Current Ratio | 1.11x | 1.24x | 1.06x | 1.17x | 1.15x | 1.19x | 1.39x | 1.15x | 0.98x | 0.98x |
| Quick Ratio | 0.42x | 0.43x | 0.33x | 0.55x | 0.47x | 0.37x | 0.46x | 0.39x | 0.35x | 0.35x |
| Cash Conversion Cycle | 57.81 | 62.91 | 59 | 40.28 | 58.08 | 72.72 | 69.88 | 85.09 | 52.93 | 62.66 |
| Total Non-Current Liabilities | 1.03B | 2.06B | 1.79B | 1.6B | 1.59B | 1.79B | 2.16B | 1.94B | 1.81B | 2.35B |
| Long-Term Debt | 846.91M | 1.88B | 1.51B | 1.29B | 1.24B | 1.5B | 1.85B | 1.64B | 1.5B | 2.06B |
| Capital Lease Obligations | 18.35M | 16.14M | 92.7M | 107M | 83.4M | 87M | 115.1M | 99.7M | 0 | 196.9M |
| Deferred Tax Liabilities | 10.13M | 6.49M | 4M | 4.4M | 5.5M | 4.6M | 2.7M | 6.1M | 0 | 13M |
| Other Non-Current Liabilities | 152.23M | 158.01M | 185.6M | 193.2M | 267.2M | 192M | 189.5M | 194M | 306.1M | 824.7M |
| Total Liabilities | 2.16B | 3.26B | 3.32B | 3.49B | 3.82B | 4.12B | 4.1B | 4.23B | 4.05B | 4.48B |
| Total Debt | 913.01M | 1.96B | 1.81B | 1.58B | 1.89B | 2.17B | 2.05B | 2.2B | 1.54B | 2.06B |
| Net Debt | 774.67M | 1.8B | 1.65B | 943M | 1.39B | 1.84B | 1.69B | 1.91B | 1.4B | 1.77B |
| Debt / Equity | 0.98x | 2.26x | 1.63x | 1.38x | 1.54x | 1.97x | 1.44x | 1.70x | 1.83x | 1.83x |
| Debt / EBITDA | 1.54x | 3.22x | 2.84x | 2.04x | 2.16x | 2.20x | 2.31x | 4.34x | 5.98x | 11.56x |
| Net Debt / EBITDA | 1.31x | 2.95x | 2.59x | 1.22x | 1.59x | 1.87x | 1.90x | 3.78x | 5.44x | 5.44x |
| Interest Coverage | 10.91x | 8.54x | 6.32x | 3.33x | 18.42x | 11.47x | 5.64x | 1.99x | -3.01x | -3.26x |
| Total Equity | 931.66M▲ 0% | 867.01M▼ 6.9% | 1.11B▲ 27.8% | 1.14B▲ 3.3% | 1.23B▲ 7.1% | 1.1B▼ 10.2% | 1.42B▲ 29.0% | 1.29B▼ 8.9% | 839.6M▼ 35.1% | 755.1M▲ 0% |
| Equity Growth % | 7.45% | -6.94% | 27.82% | 3.3% | 7.12% | -10.18% | 28.99% | -8.92% | -35.12% | -98.94% |
| Book Value per Share | 14.52 | 13.57 | 17.79 | 18.29 | 19.56 | 18.33 | 24.62 | 22.78 | 14.76 | 13.16 |
| Total Shareholders' Equity | 931.66M | 866.74M | 1.11B | 1.14B | 1.22B | 1.1B | 1.42B | 1.29B | 828.4M | 750.4M |
| Common Stock | 631K | 609K | 600K | 600K | 600K | 600K | 600K | 600K | 600K | 600K |
| Retained Earnings | 242.76M | 121.11M | 287.3M | 218.4M | 157.3M | 33.8M | 243.5M | 148.9M | -469M | -560.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -45.63M | -62.97M | -72.7M | -58.4M | -77.4M | -87.5M | -57.5M | -125.5M | -32.1M | -38.7M |
| Minority Interest | 0 | 279K | 200K | 300K | 2M | 2.5M | 2.4M | 4.2M | 11.2M | 4.7M |
PII Cash Flow Statement
Polaris Inc. (PII) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 579.98M | 477.11M | 655.04M | 1.02B | 293.7M | 508.6M | 925.8M | 268.2M | 741M | 741M |
| Operating CF Margin % | 10.68% | 7.85% | 9.66% | 14.49% | 3.95% | 5.92% | 10.36% | 3.74% | 10.36% | - |
| Operating CF Growth % | 1.43% | -17.74% | 37.29% | 55.5% | -71.17% | 73.17% | 82.03% | -71.03% | 176.29% | 276.89% |
| Net Income | 172.49M | 335.26M | 323.88M | 124.9M | 494.3M | 603.4M | 502.8M | 111.2M | -464.8M | -446.1M |
| Depreciation & Amortization | 191.11M | 211.04M | 234.51M | 260.7M | 237.1M | 232.8M | 258.9M | 286.3M | 286.5M | 275.7M |
| Stock-Based Compensation | 50.05M | 63.97M | 74.96M | 65.3M | 60.6M | 62.9M | 57.4M | 49.2M | 59.9M | 57.2M |
| Deferred Taxes | 73.61M | 23.44M | -9.48M | -83.7M | 15.2M | -48.9M | -86.8M | -86.7M | -139.1M | -140.4M |
| Other Non-Cash Items | 1.77M | -14.36M | -27.34M | 362.6M | 34.2M | -41.5M | -42.4M | -24.2M | 446.1M | 108.7M |
| Working Capital Changes | 90.94M | -142.23M | 58.5M | 288.8M | -547.7M | -300.1M | 235.9M | -67.6M | 552.4M | 481.9M |
| Change in Receivables | -17.06M | 20.69M | 6.81M | -56.2M | -200K | -122.6M | 49M | 103.4M | -34.1M | -36.2M |
| Change in Inventory | -26.96M | -149.7M | -149.87M | -44.9M | -503.1M | -391.1M | 115.1M | 39.5M | 183.6M | 9.4M |
| Change in Payables | 39.52M | -984K | 103.77M | 326.6M | 27.1M | 71.7M | -143.8M | -141.8M | 196.7M | 85.8M |
| Cash from Investing | -151.1M | -959.49M | -239.29M | -150.7M | -303.9M | -324.6M | -462M | -270.9M | -139.5M | -232.6M |
| Capital Expenditures | -184.39M | -225.41M | -251.37M | -213.9M | -298.3M | -306.6M | -412.6M | -261.7M | -182.9M | -177M |
| CapEx % of Revenue | 3.4% | 3.71% | 3.71% | 3.04% | 4.01% | 3.57% | 4.62% | 3.65% | 2.56% | - |
| Acquisitions | 33.29M | -734.08M | 12.09M | 63.2M | -5.6M | -12.7M | -22.7M | 0 | 0 | 200K |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 33.29M | 25.7M | 12.1M | 53.6M | -15.5M | -5.3M | -26.7M | -9.2M | 43.4M | -57.8M |
| Cash from Financing | -427.68M | 523.42M | -411.83M | -415.4M | -107.6M | -363.2M | -431.3M | -59.2M | -693M | -129.7M |
| Debt Issued (Net) | -234.53M | 973.7M | -270.01M | -246.2M | 351.3M | 257.7M | -158.2M | 165.8M | -543.6M | -525.3M |
| Equity Issued (Net) | -90.46M | -348.7M | -8.4M | -50.3M | -461.6M | -505M | -178.6M | -82.7M | 1.3M | 2.3M |
| Dividends Paid | -145.42M | -149.03M | -149.1M | -152.5M | -153.4M | -150M | -147.3M | -147.7M | -150.3M | -151.5M |
| Share Repurchases | -90.46M | -348.66M | -8.38M | -50.3M | -461.6M | -505M | -178.6M | -82.7M | -2.4M | -9.2M |
| Other Financing | 42.74M | 47.45M | 15.68M | 33.6M | 156.1M | 34.1M | 52.8M | 5.4M | -400K | 544.8M |
| Net Change in Cash | 11.02M▲ 0% | 31.51M▲ 185.9% | 3.16M▼ 90.0% | 461.2M▲ 14494.9% | -128.4M▼ 127.8% | -189.4M▼ 47.5% | 43.2M▲ 122.8% | -79.9M▼ 285.0% | -66.7M▲ 16.5% | -91.2M▲ 0% |
| Free Cash Flow | 395.59M▲ 0% | 251.7M▼ 36.4% | 403.66M▲ 60.4% | 804.7M▲ 99.3% | -4.6M▼ 100.6% | 202M▲ 4491.3% | 513.2M▲ 154.1% | 6.5M▼ 98.7% | 558.1M▲ 8486.2% | 160.6M▲ 0% |
| FCF Margin % | 7.29% | 4.14% | 5.95% | 11.45% | -0.06% | 2.35% | 5.74% | 0.09% | 7.8% | 2.21% |
| FCF Growth % | 9.08% | -36.37% | 60.38% | 99.35% | -100.57% | 4491.3% | 154.06% | -98.73% | 8486.15% | -4.91% |
| FCF per Share | 6.16 | 3.94 | 6.48 | 12.85 | -0.07 | 3.36 | 8.89 | 0.11 | 9.81 | 9.81 |
| FCF Conversion (FCF/Net Income) | 3.36x | 1.42x | 2.02x | 8.16x | 0.59x | 0.86x | 1.84x | 2.42x | -1.59x | -0.36x |
| Interest Paid | 30.88M | 51M | 77M | 67M | 44.8M | 71.2M | 120.6M | 141.5M | 0 | 66.7M |
| Taxes Paid | 46.31M | 74M | 87.8M | 65.5M | 124.4M | 194.4M | 187.2M | 123.6M | 0 | 24.1M |
PII Key Ratios
Polaris Inc. (PII) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 19.18% | 37.28% | 32.8% | 11.08% | 41.66% | 50.67% | 39.87% | 8.16% | -43.63% | -45.24% |
| Return on Invested Capital (ROIC) | 16.73% | 13.69% | 11.11% | 15.9% | 20.98% | 20.34% | 15.6% | 5.24% | -0.78% | -0.78% |
| Gross Margin | 25.94% | 23.45% | 23.18% | 23.15% | 22.81% | 22.22% | 21.33% | 19.57% | 18.52% | 19.64% |
| Net Margin | 3.18% | 5.52% | 4.78% | 1.78% | 6.64% | 6.87% | 5.63% | 1.54% | -6.51% | -6.13% |
| Debt / Equity | 0.98x | 2.26x | 1.63x | 1.38x | 1.54x | 1.97x | 1.44x | 1.70x | 1.83x | 1.83x |
| Interest Coverage | 10.91x | 8.54x | 6.32x | 3.33x | 18.42x | 11.47x | 5.64x | 1.99x | -3.01x | -3.26x |
| FCF Conversion | 3.36x | 1.42x | 2.02x | 8.16x | 0.59x | 0.86x | 1.84x | 2.42x | -1.59x | -0.36x |
| Revenue Growth | 20.19% | 11.98% | 11.58% | 3.62% | 5.85% | 15.46% | 4.02% | -19.69% | -0.33% | 4.3% |
PII SEC Filings & Documents
Polaris Inc. (PII) SEC filings — annual & quarterly reports (10-K, 10-Q)
PII Frequently Asked Questions
Polaris Inc. (PII) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Polaris Inc. (PII) reported $7.27B in revenue for fiscal year 2025. This represents a 510% increase from $1.19B in 1996.
Polaris Inc. (PII) saw revenue decline by 0.3% over the past year.
Polaris Inc. (PII) reported a net loss of $446.1M for fiscal year 2025.
Dividend & Returns
Yes, Polaris Inc. (PII) pays a dividend with a yield of 3.94%. This makes it attractive for income-focused investors.
Polaris Inc. (PII) has a return on equity (ROE) of -43.6%. Negative ROE indicates the company is unprofitable.
Polaris Inc. (PII) generated $160.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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