Polaris Inc. (PII) quarterly income statement — complete revenue, gross profit & net income history
Polaris Inc. (PII) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 2.04B | 2.02B | 1.66B | 1.92B | 1.84B | 1.85B | 1.54B | 1.76B | 1.72B | 1.96B | 1.74B | 2.29B | 2.25B | 2.22B | 2.18B | 2.4B | 2.34B | 2.06B | 1.78B | 1.99B |
| Revenue Growth % | 10.91% | 9.18% | 8% | 9.49% | 6.92% | -5.53% | -11.55% | -23.32% | -23.41% | -11.52% | -20.34% | -4.78% | -3.92% | 7.46% | 22.35% | 20.65% | 31.66% | 7.94% | -8.69% | -7.59% |
| Cost of Goods Sold | 1.61B | 1.54B | 1.32B | 1.53B | 1.48B | 1.51B | 1.31B | 1.42B | 1.38B | 1.56B | 1.43B | 1.83B | 1.75B | 1.72B | 1.72B | 1.84B | 1.79B | 1.6B | 1.44B | 1.6B |
| COGS % of Revenue | 78.83% | 76.35% | 79.82% | 79.78% | 80.36% | 81.43% | 85% | 80.67% | 80.27% | 79.41% | 82.07% | 79.79% | 78.01% | 77.8% | 79.04% | 76.72% | 76.59% | 77.67% | 80.89% | 80.51% |
| Gross Profit | 432.4M | 478.3M | 334.8M | 388.6M | 361.6M | 344M | 230.4M | 339.4M | 339.8M | 403.8M | 311.4M | 462.6M | 494.5M | 492.1M | 456.8M | 559.6M | 547.9M | 460.6M | 340.4M | 388.3M |
| Gross Margin % | 21.17% | 23.65% | 20.18% | 20.22% | 19.64% | 18.57% | 15% | 19.33% | 19.73% | 20.59% | 17.93% | 20.21% | 21.99% | 22.2% | 20.96% | 23.28% | 23.41% | 22.33% | 19.11% | 19.49% |
| Gross Profit Growth % | 19.58% | 39.04% | 45.31% | 14.5% | 6.42% | -14.81% | -26.01% | -26.63% | -31.28% | -17.94% | -31.83% | -17.33% | -9.75% | 6.84% | 34.2% | 44.12% | 34.78% | -4.95% | -25.94% | -26.04% |
| Operating Expenses | 359M | 346.3M | 390M | 435.9M | 316M | 321.8M | 279.2M | 304.7M | 282.7M | 305M | 298.6M | 335.7M | 314.8M | 316.3M | 312.1M | 317.5M | 306M | 279.1M | 251.6M | 240.5M |
| OpEx % of Revenue | 17.58% | 17.12% | 23.51% | 22.68% | 17.16% | 17.37% | 18.18% | 17.36% | 16.41% | 15.55% | 17.2% | 14.66% | 14% | 14.27% | 14.32% | 13.21% | 13.07% | 13.53% | 14.12% | 12.07% |
| Selling, General & Admin | 285.5M | 255.2M | 276.1M | 330M | 223.2M | 231.5M | 196.3M | 226.5M | 198.6M | 218.2M | 210.8M | 242.9M | 223M | 223.1M | 215.6M | 216.9M | 207.5M | 192.3M | 170.8M | 160.9M |
| SG&A % of Revenue | 13.98% | 12.62% | 16.65% | 17.17% | 12.12% | 12.5% | 12.78% | 12.9% | 11.53% | 11.13% | 12.14% | 10.61% | 9.92% | 10.06% | 9.89% | 9.02% | 8.87% | 9.32% | 9.59% | 8.07% |
| Research & Development | 88.2M | 93.6M | 82.3M | 105.9M | 92.8M | 90.3M | 82.9M | 78.2M | 84.1M | 86.8M | 87.8M | 92.8M | 91.8M | 93.2M | 96.5M | 100.6M | 98.5M | 86.8M | 80.8M | 79.6M |
| R&D % of Revenue | 4.32% | 4.63% | 4.96% | 5.51% | 5.04% | 4.87% | 5.4% | 4.45% | 4.88% | 4.43% | 5.06% | 4.05% | 4.08% | 4.2% | 4.43% | 4.18% | 4.21% | 4.21% | 4.54% | 3.99% |
| Other Operating Expenses | -1000K | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 73.4M | 132M | -55.2M | -47.3M | 45.6M | 22.2M | -48.8M | 34.7M | 57.1M | 98.8M | 12.8M | 126.9M | 179.7M | 175.8M | 144.7M | 242.1M | 241.9M | 181.5M | 88.8M | 147.8M |
| Operating Margin % | 3.59% | 6.53% | -3.33% | -2.46% | 2.48% | 1.2% | -3.18% | 1.98% | 3.32% | 5.04% | 0.74% | 5.54% | 7.99% | 7.93% | 6.64% | 10.07% | 10.33% | 8.8% | 4.98% | 7.42% |
| Operating Income Growth % | 60.96% | 494.59% | -13.11% | -236.31% | -20.14% | -77.53% | -481.25% | -72.66% | -68.22% | -43.8% | -91.15% | -47.58% | -25.71% | -3.14% | 62.95% | 63.8% | 64.89% | -7.77% | -46.95% | -40.06% |
| EBITDA | 141M | 197.3M | 8M | 19.7M | 118.2M | 95.1M | 24.6M | 114.2M | 131.5M | 168.3M | 75.7M | 198.9M | 246.1M | 234.5M | 206.5M | 305M | 298.1M | 238.6M | 145.4M | 206.1M |
| EBITDA Margin % | 6.9% | 9.75% | 0.48% | 1.03% | 6.42% | 5.13% | 1.6% | 6.51% | 7.63% | 8.58% | 4.36% | 8.69% | 10.94% | 10.58% | 9.47% | 12.69% | 12.74% | 11.57% | 8.16% | 10.34% |
| EBITDA Growth % | 19.29% | 107.47% | -67.48% | -82.75% | -10.11% | -43.49% | -67.5% | -42.58% | -46.57% | -28.23% | -63.34% | -34.79% | -17.44% | -1.72% | 42.02% | 47.99% | 48.31% | -3.75% | -35.95% | -34.94% |
| D&A (Non-Cash Add-back) | 67.6M | 65.3M | 63.2M | 67M | 72.6M | 72.9M | 73.4M | 79.5M | 74.4M | 69.5M | 62.9M | 72M | 66.4M | 58.7M | 61.8M | 62.9M | 56.2M | 57.1M | 56.6M | 58.3M |
| EBIT | 84.4M | 179.7M | -27.3M | -325.9M | 21.5M | -59M | -36.5M | 47.3M | 72.7M | 122M | 41.1M | 155M | 216.5M | 206M | 176.7M | 274.6M | 262.7M | 195.2M | 101.6M | 113.4M |
| Net Interest Income | -28.2M | -33.7M | -30.4M | -31M | -33.6M | -33.6M | -34.6M | -35.1M | -37.7M | -36.1M | -33.4M | -34.2M | -34.8M | -33.3M | -31.5M | -27.9M | -21.1M | -13.8M | -9.9M | -9.2M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 28.2M | 33.7M | 30.4M | 31M | 33.6M | 33.6M | 34.6M | 35.1M | 37.7M | 36.1M | 33.4M | 34.2M | 34.8M | 33.3M | 31.5M | 27.9M | 21.1M | 13.8M | 9.9M | 9.2M |
| Other Income/Expense | -17.2M | 14M | -2.5M | -309.6M | -57.7M | -114.8M | -22.3M | -22.5M | -22.1M | -12.9M | -5.1M | -6.1M | 2M | -3.1M | 500K | 4.6M | -300K | -100K | 2.9M | -43.6M |
| Pretax Income | 56.2M | 146M | -57.7M | -356.9M | -12.1M | -92.6M | -71.1M | 12.2M | 35M | 85.9M | 7.7M | 120.8M | 181.7M | 172.7M | 145.2M | 246.7M | 241.6M | 181.4M | 91.7M | 104.2M |
| Pretax Margin % | 2.75% | 7.22% | -3.48% | -18.57% | -0.66% | -5% | -4.63% | 0.69% | 2.03% | 4.38% | 0.44% | 5.28% | 8.08% | 7.79% | 6.66% | 10.26% | 10.32% | 8.79% | 5.15% | 5.23% |
| Income Tax | 17.6M | 26.8M | -10.3M | -53.6M | 3.6M | -13.5M | -4.4M | 1.4M | 7.4M | 17M | 3.8M | 17.5M | 30.2M | 38.4M | 31.6M | 50.1M | 50.9M | 39.4M | 17.6M | 13.1M |
| Effective Tax Rate % | 31.32% | 18.36% | 17.85% | 15.02% | -29.75% | 14.58% | 6.19% | 11.48% | 21.14% | 19.79% | 49.35% | 14.49% | 16.62% | 22.24% | 21.76% | 20.31% | 21.07% | 21.72% | 19.19% | 12.57% |
| Net Income | 38.4M | 106.4M | -47.4M | -303.6M | -15.8M | -79.3M | -66.8M | 10.6M | 27.7M | 68.7M | 3.8M | 103.4M | 151.7M | 134.3M | 113.4M | 195.3M | 186.9M | 137.6M | 69.9M | 86.8M |
| Net Margin % | 1.88% | 5.26% | -2.86% | -15.8% | -0.86% | -4.28% | -4.35% | 0.6% | 1.61% | 3.5% | 0.22% | 4.52% | 6.75% | 6.06% | 5.2% | 8.12% | 7.99% | 6.67% | 3.92% | 4.36% |
| Net Income Growth % | 343.04% | 234.17% | 29.04% | -2964.15% | -157.04% | -215.43% | -1857.89% | -89.75% | -81.74% | -48.85% | -96.65% | -47.06% | -18.83% | -2.4% | 62.23% | 125% | 63.09% | -13.13% | -47.87% | -56.34% |
| Net Income (Continuing) | 38.6M | 119.2M | -47.4M | -303.3M | -15.7M | -79.1M | -66.7M | 10.8M | 27.6M | 68.9M | 3.9M | 103.3M | 151.5M | 134.3M | 113.6M | 196.6M | 190.7M | 142M | 74.1M | 91.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K |
| Minority Interest | 4.4M | 4.5M | 4.7M | 11.2M | 10.9M | 4.3M | 4.2M | 4.2M | 4M | 4.7M | 2.5M | 2.4M | 2.5M | 2.7M | 2.7M | 2.5M | 2.5M | 2.2M | 2M | 2M |
| EPS (Diluted) | 0.66 | 1.84 | -0.83 | -5.34 | -0.28 | -1.39 | -1.17 | 0.19 | 0.49 | 1.21 | 0.07 | 1.81 | 2.62 | 2.32 | 1.95 | 3.34 | 3.11 | -0.08 | 1.14 | 1.40 |
| EPS Growth % | 335.71% | 232.37% | 29.06% | -2910.53% | -157.14% | -214.88% | -1862.05% | -89.5% | -81.3% | -47.84% | -96.59% | -45.81% | -15.76% | 3152.63% | 71.05% | 138.57% | 69.02% | -103.02% | -45.97% | -55.56% |
| EPS (Basic) | 0.67 | 1.86 | -0.83 | -5.34 | -0.28 | -1.39 | -1.17 | 0.19 | 0.49 | 1.21 | 0.07 | 1.82 | 2.66 | 2.35 | 1.98 | 3.38 | 3.15 | -0.08 | 1.16 | 1.42 |
| Diluted Shares Outstanding | 58.5M | 58.3M | 57.4M | 56.9M | 56.9M | 56.9M | 56.9M | 56.8M | 56.5M | 56.9M | 57.2M | 57.2M | 57.8M | 57.8M | 58.1M | 58.5M | 60M | 60.5M | 61.2M | 62.2M |
| Basic Shares Outstanding | 57.6M | 57.4M | 57.4M | 56.9M | 56.9M | 56.9M | 56.9M | 56.5M | 56.2M | 56.6M | 56.9M | 56.8M | 57M | 57.2M | 57.4M | 57.8M | 59.2M | 59.9M | 60.3M | 61M |
| Dividend Payout Ratio | 100.78% | 36.56% | - | - | - | - | - | 349.06% | 132.13% | 53.57% | 981.58% | 35.49% | 24.19% | 27.48% | 32.63% | 18.69% | 20.06% | 27.69% | 54.22% | 44.01% |