Polaris Inc. (PII) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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PII Revenue Growth
Revenue Breakdown (FY 2025)
PII's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PII Revenue Analysis (2014–2025)
As of May 7, 2026, Polaris Inc. (PII) generated trailing twelve-month (TTM) revenue of $7.27 billion, reflecting solid growth of +8.0% year-over-year. The most recent quarter (Q1 2026) recorded $1.66 billion in revenue, down 13.7% sequentially.
Looking at the longer-term picture, PII's 5-year compound annual growth rate (CAGR) stands at +0.4%, indicating moderate growth over time. The company achieved its highest annual revenue of $8.93 billion in 2023.
Revenue diversification analysis shows PII's business is primarily driven by Wholegoods (74%), and PG&A (26%). With over half of revenue concentrated in Wholegoods, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including HOG (-9.8% YoY), FOXF (+5.3% YoY), and MBUU (+11.6% YoY), PII has underperformed the peer group in terms of revenue growth. Compare PII vs HOG →
PII Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PIICurrent | $7.3B | +8.0% | +0.4% | -0.4% | |
 HOG | $4.5B | -9.8% | +2.0% | 8.6% | |
 FOXF | $1.5B | +5.3% | +10.5% | -35.6% | |
 MBUU | $808M | +11.6% | +4.3% | 2.7% | |
 BC | $5.4B | +8.3% | +4.3% | -0.7% | |
 DOOO | $7.8B | -13.8% | +5.3% | 7.0% |
PII Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.15B | -0.3% | $1.32B | 18.5% | $-28,300,000 | -0.4% |
| 2024 | $7.18B | -19.7% | $1.40B | 19.6% | $220.4M | 3.1% |
| 2023 | $8.93B | +4.0% | $1.91B | 21.3% | $629.2M | 7.0% |
| 2022 | $8.59B | +15.5% | $1.91B | 22.2% | $754.0M | 8.8% |
| 2021 | $7.44B | +5.9% | $1.70B | 22.8% | $657.7M | 8.8% |
| 2020 | $7.03B | +3.6% | $1.63B | 23.1% | $513.5M | 7.3% |
| 2019 | $6.78B | +11.6% | $1.57B | 23.2% | $401.9M | 5.9% |
| 2018 | $6.08B | +12.0% | $1.43B | 23.4% | $399.3M | 6.6% |
| 2017 | $5.43B | +20.2% | $1.41B | 25.9% | $400.2M | 7.4% |
| 2016 | $4.52B | -4.3% | $1.10B | 24.4% | $268.6M | 5.9% |
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Start ComparisonPII — Frequently Asked Questions
Quick answers to the most common questions about buying PII stock.
Is PII's revenue growth accelerating or slowing?
PII maintains +8.0% revenue growth, in line with its 5-year CAGR of +0.4%. TTM revenue stands at $7.3B. Growth rate remains consistent with historical average.
What is PII's long-term revenue growth rate?
Polaris Inc.'s 5-year revenue CAGR of +0.4% reflects the sustained expansion pattern. Current YoY growth of +8.0% is near this long-term average.
How is PII's revenue distributed by segment?
PII reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.