Polar Power, Inc.(POLA)Earnings, Financials & Key Ratios
POLA•NASDAQ
$1.91
$5M mkt cap·Price updated May 7, 2026
AboutPolar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.Show more
- Revenue$14M-8.7%
- EBITDA-$4M+24.9%
- Net Income-$5M+28.6%
- EPS (Diluted)-1.86-272.0%
- Gross Margin9.41%+107.0%
- EBITDA Margin-30.12%+17.8%
- Operating Margin-31.32%+20.0%
- Net Margin-33.48%+21.8%
- ROE-43.1%-3.3%
- ROIC-18.69%+15.6%
- Debt/Equity0.81+42.2%
- Interest Coverage-6.74+37.1%
POLA Key Insights
Polar Power, Inc. (POLA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 80.9% through buybacks
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Sales declining 10.8% over 5 years
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
POLA Price & Volume
Polar Power, Inc. (POLA) stock price & volume — 10-year historical chart
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POLA Growth Metrics
Polar Power, Inc. (POLA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.38%
5 Years-10.85%
3 Years-6.14%
TTM-44.32%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-81.27%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-683.87%
Return on Capital
10 Years-14.48%
5 Years-38.3%
3 Years-32.91%
Last Year-36.41%
POLA Peer Comparison
Polar Power, Inc. (POLA) competitors in Power Conversion and Power Electronics — 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 |
|---|---|---|---|---|---|---|---|---|
 GNRC | 15.65B | 266.77 | 99.17 | -2.02% | 4.37% | 7.18% | 0.51 | |
 ACHR | 4.67B | 6.28 | -6.34 | -2060.67% | -37.76% | 0.02 | ||
 PESI | 207.18M | 11.17 | -14.89 | 4.33% | -30.06% | -34.48% | 0.09 | |
 GTLS | 9.93B | 207.39 | 628.45 | 2.49% | 0.95% | 1.2% | 1.11 | |
 BLDP | 1.41B | 4.70 | -15.67 | 45.04% | -91.49% | -14.63% | 0.04 | |
 PLUG | 4.36B | 3.13 | 12.9% | -229.83% | -124.41% | 19.75 | ||
 FCEL | 646.04M | 12.28 | -1.66 | 41.05% | -107.98% | -26.76% | 0.20 | |
 CAT | 416.75B | 895.69 | 47.57 | 4.29% | 13.31% | 47.51% | 2.03 |
Compare POLA vs Peers
Polar Power, Inc. (POLA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
POLA Income Statement
Polar Power, Inc. (POLA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 22.8M | 14.42M | 24.05M | 24.8M | 9.03M | 16.9M | 16.06M | 15.29M | 13.97M | 8.33M |
| Revenue Growth % | 233.03% | -36.76% | 66.77% | 3.14% | -63.59% | 87.09% | -4.97% | -4.75% | -8.65% | -44.32% |
| Cost of Goods Sold | 12.62M | 9.58M | 16.61M | 19.88M | 14.65M | 13.45M | 13.93M | 14.6M | 12.66M | 7.34M |
| COGS % of Revenue | 55.35% | 66.42% | 69.09% | 80.16% | 162.26% | 79.61% | 86.77% | 95.46% | 90.59% | - |
| Gross Profit | 10.18M▲ 0% | 4.84M▼ 52.5% | 7.43M▲ 53.5% | 4.92M▼ 33.8% | -5.62M▼ 214.3% | 3.44M▲ 161.3% | 2.13M▼ 38.3% | 695K▼ 67.3% | 1.31M▲ 89.1% | -2.55M▲ 0% |
| Gross Margin % | 44.65% | 33.58% | 30.91% | 19.84% | -62.26% | 20.39% | 13.23% | 4.54% | 9.41% | -30.63% |
| Gross Profit Growth % | 321.9% | -52.45% | 53.51% | -33.81% | -214.3% | 161.27% | -38.32% | -67.29% | 89.06% | - |
| Operating Expenses | 2.78M | 5.56M | 8.53M | 8.9M | 7.34M | 6.54M | 7.66M | 6.68M | 5.69M | 5.43M |
| OpEx % of Revenue | 12.18% | 38.58% | 35.48% | 35.89% | 81.29% | 38.73% | 47.7% | 43.71% | 40.72% | - |
| Selling, General & Admin | 2.54M | 4.2M | 6.62M | 6.63M | 5.62M | 4.56M | 6.2M | 5.46M | 4.92M | 4.33M |
| SG&A % of Revenue | 11.13% | 29.11% | 27.54% | 26.71% | 62.21% | 26.97% | 38.6% | 35.72% | 35.2% | - |
| Research & Development | 213.93K | 1.33M | 1.91M | 2.28M | 1.72M | 1.99M | 1.46M | 1.22M | 771K | 648K |
| R&D % of Revenue | 0.94% | 9.26% | 7.93% | 9.18% | 19.08% | 11.75% | 9.09% | 7.99% | 5.52% | - |
| Other Operating Expenses | 26.89K | 62.37K | 0 | 40.06K | 0 | 0 | 7K | 0 | 0 | 455K |
| Operating Income | 7.4M▲ 0% | -721.96K▼ 109.8% | -1.1M▼ 52.2% | -3.98M▼ 262.4% | -12.96M▼ 225.6% | -3.1M▲ 76.1% | -5.53M▼ 78.6% | -5.99M▼ 8.3% | -4.38M▲ 27.0% | -7.98M▲ 0% |
| Operating Margin % | 32.47% | -5.01% | -4.57% | -16.05% | -143.55% | -18.34% | -34.46% | -39.17% | -31.32% | -95.89% |
| Operating Income Growth % | 2315.43% | -109.75% | -52.2% | -262.35% | -225.61% | 76.1% | -78.6% | -8.26% | 26.96% | - |
| EBITDA | 7.61M | -466.33K | -713.21K | -2.69M | -11.72M | -2.55M | -5.03M | -5.6M | -4.21M | -7.93M |
| EBITDA Margin % | 33.38% | -3.23% | -2.97% | -10.86% | -129.75% | -15.09% | -31.3% | -36.64% | -30.12% | -95.23% |
| EBITDA Growth % | 1591.13% | -106.13% | -52.94% | -277.54% | -335.18% | 78.25% | -97.18% | -11.48% | 24.9% | -87.58% |
| D&A (Non-Cash Add-back) | 207.86K | 255.63K | 385.58K | 1.29M | 1.25M | 549K | 507K | 387K | 167K | 55K |
| EBIT | 7.38M | -739.59K | -1.04M | -3.94M | -12.95M | -1.35M | -5.53M | -5.99M | -4.03M | -4.1M |
| Net Interest Income | -112.55K | 36.97K | 35.54K | -63K | -60K | -60K | -58K | -559K | -428K | -267K |
| Interest Income | 0 | 54.79K | 55.71K | 40K | 14K | 0 | 0 | 0 | 221K | 1K |
| Interest Expense | 112.55K | 17.82K | 20.17K | 103K | 48K | 60K | 58K | 559K | 649K | 280K |
| Other Income/Expense | -140.07K | 44.54K | 35.54K | -62.75K | -46K | 1.68M | -51K | -558K | -302K | -686K |
| Pretax Income | 7.26M▲ 0% | -677.42K▼ 109.3% | -1.06M▼ 57.0% | -4.04M▼ 280.4% | -13.01M▼ 221.7% | -1.41M▲ 89.1% | -5.58M▼ 294.9% | -6.55M▼ 17.3% | -4.68M▲ 28.6% | -8.67M▲ 0% |
| Pretax Margin % | 31.86% | -4.7% | -4.42% | -16.31% | -144.06% | -8.37% | -34.78% | -42.82% | -33.48% | -104.13% |
| Income Tax | 2.86M | 100.16K | -215K | 143.4K | -2.14M | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 39.39% | -14.79% | 20.22% | -3.55% | 16.44% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 4.4M▲ 0% | -777.58K▼ 117.7% | -848.25K▼ 9.1% | -4.19M▼ 393.7% | -10.87M▼ 159.6% | -3.22M▲ 70.4% | -5.58M▼ 73.3% | -6.55M▼ 17.4% | -4.68M▲ 28.6% | -8.67M▲ 0% |
| Net Margin % | 19.31% | -5.39% | -3.53% | -16.89% | -120.37% | -19.05% | -34.73% | -42.82% | -33.48% | -104.13% |
| Net Income Growth % | 13306.18% | -117.66% | -9.09% | -393.74% | -159.57% | 70.4% | -73.31% | -17.41% | 28.57% | -81.27% |
| Net Income (Continuing) | 4.4M | -757.42K | -848.25K | -4.04M | -10.87M | -1.41M | -5.58M | -6.55M | -4.68M | -4.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.58▲ 0% | -0.08▼ 113.2% | -0.08▼ 9.0% | -0.41▼ 390.4% | -1.00▼ 143.9% | -0.25▲ 75.0% | -0.43▼ 72.0% | -0.50▼ 16.3% | -1.86▼ 272.0% | -3.45▲ 0% |
| EPS Growth % | - | -113.22% | -9% | -390.43% | -143.9% | 75% | -72% | -16.28% | -272% | -683.87% |
| EPS (Basic) | 0.58 | -0.08 | -0.08 | -0.41 | -1.00 | -0.25 | -0.43 | -0.50 | -1.86 | - |
| Diluted Shares Outstanding | 7.56M | 10.14M | 10.14M | 10.13M | 10.82M | 12.72M | 12.88M | 13.12M | 2.51M | 2.51M |
| Basic Shares Outstanding | 7.56M | 10.14M | 10.14M | 10.13M | 10.82M | 12.72M | 12.88M | 13.12M | 2.51M | 2.51M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
POLA Balance Sheet
Polar Power, Inc. (POLA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 25.66M | 23.59M | 23.02M | 19.18M | 14.64M | 25.15M | 23.32M | 21.99M | 15.6M | 11.82M |
| Cash & Short-Term Investments | 16.24M | 13.2M | 5.64M | 2.84M | 1.65M | 5.1M | 211K | 549K | 498K | 4K |
| Cash Only | 16.24M | 13.2M | 5.64M | 2.84M | 1.65M | 5.1M | 211K | 549K | 498K | 4K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.4M | 3.69M | 8.44M | 934K | 3.55M | 7.03M | 5.02M | 4.46M | 2.15M | 856K |
| Days Sales Outstanding | 70.5 | 93.35 | 128.15 | 13.75 | 143.36 | 151.87 | 114.05 | 106.52 | 56.25 | 73.73 |
| Inventory | 4.84M | 5.57M | 8.47M | 13.91M | 9.09M | 9.02M | 15.46M | 16.52M | 12.89M | 10.89M |
| Days Inventory Outstanding | 139.97 | 212.16 | 186.11 | 255.41 | 226.51 | 244.68 | 405.06 | 413.11 | 371.84 | 620.25 |
| Other Current Assets | 0 | 629.32K | 0 | 231.09K | 0 | 0 | 0 | 0 | 0 | 70K |
| Total Non-Current Assets | 965.02K | 911.57K | 2.22M | 4.38M | 3.15M | 2.03M | 871K | 3.27M | 1.95M | 524K |
| Property, Plant & Equipment | 737.59K | 824.08K | 2.12M | 4.29M | 3.06M | 1.93M | 778K | 3.16M | 1.84M | 524K |
| Fixed Asset Turnover | 30.91x | 17.50x | 11.33x | 5.79x | 2.95x | 8.74x | 20.64x | 4.84x | 7.59x | 6.55x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 66.8K | 87.5K | 94K | 94K | 94K | 93K | 93K | 108K | 108K | 324K |
| Total Assets | 26.63M▲ 0% | 24.5M▼ 8.0% | 25.24M▲ 3.0% | 23.56M▼ 6.6% | 17.8M▼ 24.5% | 27.18M▲ 52.7% | 24.19M▼ 11.0% | 25.26M▲ 4.4% | 17.55M▼ 30.5% | 12.35M▲ 0% |
| Asset Turnover | 0.86x | 0.59x | 0.95x | 1.05x | 0.51x | 0.62x | 0.66x | 0.61x | 0.80x | 0.53x |
| Asset Growth % | 456.73% | -7.98% | 3% | -6.64% | -24.46% | 52.71% | -11.01% | 4.43% | -30.54% | -127.38% |
| Total Current Liabilities | 2.74M | 1.49M | 1.93M | 2.75M | 4.52M | 3.39M | 5.95M | 10.21M | 8.56M | 9.45M |
| Accounts Payable | 659.36K | 757.75K | 1.07M | 575K | 311K | 328K | 230K | 1.76M | 408K | 1.51M |
| Days Payables Outstanding | 19.07 | 28.88 | 23.43 | 10.56 | 7.75 | 8.9 | 6.03 | 44.06 | 11.77 | 43.27 |
| Short-Term Debt | 111.37K | 110.24K | 283.39K | 328K | 2.37M | 963K | 2.36M | 4.56M | 5.06M | 1.35M |
| Deferred Revenue (Current) | 71.95K | 40.04K | 79.18K | 197.49K | 703K | 897K | 2.13M | 1.62M | 607K | 2.73M |
| Other Current Liabilities | 1.23M | 0 | 0 | 1.01K | -140K | -242K | 664K | 2.22M | 0 | 7.38M |
| Current Ratio | 9.37x | 15.79x | 11.91x | 6.98x | 3.24x | 7.41x | 3.92x | 2.15x | 1.82x | 1.82x |
| Quick Ratio | 7.60x | 12.06x | 7.53x | 1.92x | 1.23x | 4.75x | 1.32x | 0.54x | 0.32x | 0.32x |
| Cash Conversion Cycle | 191.4 | 276.63 | 290.84 | 258.6 | 362.12 | 387.65 | 513.09 | 475.57 | 416.32 | 650.7 |
| Total Non-Current Liabilities | 237.43K | 126.82K | 924.54K | 2.44M | 1.79M | 536K | 57K | 1.86M | 474K | 0 |
| Long-Term Debt | 237.43K | 126.82K | 924.54K | 778K | 286K | 268K | 57K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 1.66M | 990K | 268K | 0 | 1.86M | 474K | 747K |
| Deferred Tax Liabilities | 153.45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | -564 | 510K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.98M | 1.62M | 2.86M | 5.19M | 6.31M | 3.93M | 6.01M | 12.07M | 9.03M | 9.45M |
| Total Debt | 348.8K | 237.06K | 1.21M | 3.38M | 4.15M | 1.5M | 2.42M | 7.54M | 6.92M | 1.35M |
| Net Debt | -15.89M | -12.96M | -4.43M | 543.12K | 2.51M | -3.6M | 2.21M | 6.99M | 6.42M | 1.34M |
| Debt / Equity | 0.01x | 0.01x | 0.05x | 0.18x | 0.36x | 0.06x | 0.13x | 0.57x | 0.81x | 0.81x |
| Debt / EBITDA | 0.05x | - | - | - | - | - | - | - | - | -0.17x |
| Net Debt / EBITDA | -2.09x | - | - | - | - | - | - | - | - | -0.17x |
| Interest Coverage | 65.78x | -40.51x | -54.48x | -38.66x | -270.08x | -51.63x | -95.40x | -10.72x | -6.74x | -14.63x |
| Total Equity | 23.65M▲ 0% | 22.88M▼ 3.3% | 22.38M▼ 2.2% | 18.38M▼ 17.9% | 11.49M▼ 37.5% | 23.25M▲ 102.3% | 18.18M▼ 21.8% | 13.19M▼ 27.5% | 8.51M▼ 35.5% | 2.9M▲ 0% |
| Equity Growth % | 949.18% | -3.25% | -2.19% | -17.9% | -37.47% | 102.33% | -21.8% | -27.46% | -35.46% | -184.23% |
| Book Value per Share | 3.13 | 2.26 | 2.21 | 1.81 | 1.06 | 1.83 | 1.41 | 1.01 | 3.39 | 1.15 |
| Total Shareholders' Equity | 23.65M | 22.88M | 22.38M | 18.38M | 11.49M | 23.25M | 18.18M | 13.19M | 8.51M | 2.9M |
| Common Stock | 1.01K | 1.01K | 1.01K | 1.01K | 1K | 1K | 1K | 2K | 2K | 0 |
| Retained Earnings | 4.41M | 3.63M | 2.8M | -1.24M | -12.11M | -13.53M | -19.11M | -25.66M | -30.34M | -35.96M |
| Treasury Stock | 0 | 0 | 0 | -40K | -40K | -40K | -40K | -40K | -40K | 0 |
| Accumulated OCI | -818.89K | -1.07M | -1.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
POLA Cash Flow Statement
Polar Power, Inc. (POLA) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 627.06K | -1.59M | -7.85M | -2.17M | -6.55M | -9.38M | -6.51M | -3.43M | -536K | -536K |
| Operating CF Margin % | 2.75% | -11.01% | -32.64% | -8.74% | -72.51% | -55.52% | -40.53% | -22.43% | -3.84% | - |
| Operating CF Growth % | 201.02% | -353.11% | -394.46% | 72.39% | -202.21% | -43.25% | 30.63% | 47.29% | 84.37% | 44.36% |
| Net Income | 4.4M | -777.58K | -848.25K | -4.04M | -10.87M | -1.41M | -5.58M | -6.55M | -4.68M | -8.67M |
| Depreciation & Amortization | 207.86K | 255.63K | 385.58K | 1.29M | 1.25M | 549K | 507K | 387K | 167K | 72K |
| Stock-Based Compensation | 0 | 8.24K | 327.47K | 79K | 0 | 0 | 515K | 0 | 0 | 0 |
| Deferred Taxes | 44.36K | 160.64K | 0 | -79K | 0 | 0 | -6.06M | 0 | 0 | 0 |
| Other Non-Cash Items | 37.5K | -160.64K | 327.47K | 348.94K | 3.4M | -5.71M | 6.06M | 450K | 900K | 5.63M |
| Working Capital Changes | -4.02M | -1.07M | -7.71M | 240.3K | -323K | -2.8M | -1.95M | 2.28M | 3.07M | 1.99M |
| Change in Receivables | -2.91M | 1.35M | -4.67M | 6.79M | -256K | -3.05M | 2.01M | 554K | 2.31M | 2.09M |
| Change in Inventory | -2.75M | -727.46K | -2.98M | -5.71M | 1.42M | 77K | -6.44M | 450K | 2.73M | 3.2M |
| Change in Payables | 476.47K | 98.4K | 308.66K | -491.9K | -264K | 16K | -98K | 1.53M | -1.35M | 1.16M |
| Cash from Investing | -296.3K | -342.12K | -574.99K | -338.19K | -19K | -71K | -25K | -194K | -19K | -1K |
| Capital Expenditures | -165.09K | -342.12K | -574.99K | -338.19K | -19K | -71K | -25K | -194K | -19K | -1K |
| CapEx % of Revenue | 0.72% | 2.37% | 2.39% | 1.36% | 0.21% | 0.42% | 0.16% | 1.27% | 0.14% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -131.22K | -342.12K | -574.99K | -338.19M | -19K | -71K | -25K | 0 | 0 | 0 |
| Cash from Financing | 15.65M | -111.74K | -138.4K | -295.09K | 5.37M | 12.91M | 1.64M | 3.96M | 504K | 478K |
| Debt Issued (Net) | -1.31M | -111.74K | -138.4K | -255K | 1.39M | -267K | 1.64M | 2.41M | 504K | -1.2M |
| Equity Issued (Net) | 1000K | 0 | 0 | -40K | 1000K | 1000K | 0 | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -40K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 1.17M | 707K | 0 | 0 | 0 | 1.68M |
| Net Change in Cash | 15.98M▲ 0% | -2.04M▼ 112.8% | -8.56M▼ 319.5% | -2.8M▲ 67.3% | -1.19M▲ 57.4% | 3.46M▲ 389.4% | -4.89M▼ 241.5% | 338K▲ 106.9% | -51K▼ 115.1% | -494K▲ 0% |
| Free Cash Flow | 461.97K▲ 0% | -1.93M▼ 517.6% | -8.42M▼ 336.6% | -2.5M▲ 70.3% | -6.57M▼ 162.2% | -9.45M▼ 43.9% | -6.53M▲ 30.9% | -3.62M▲ 44.5% | -555K▲ 84.7% | -971K▲ 0% |
| FCF Margin % | 2.03% | -13.38% | -35.03% | -10.1% | -72.72% | -55.94% | -40.68% | -23.7% | -3.97% | -11.66% |
| FCF Growth % | 154.73% | -517.62% | -336.58% | 70.26% | -162.17% | -43.92% | 30.89% | 44.52% | 84.69% | 62.22% |
| FCF per Share | 0.06 | -0.19 | -0.83 | -0.25 | -0.61 | -0.74 | -0.51 | -0.28 | -0.22 | -0.22 |
| FCF Conversion (FCF/Net Income) | 0.14x | 2.04x | 9.25x | 0.52x | 0.60x | 2.91x | 1.17x | 0.52x | 0.11x | 0.11x |
| Interest Paid | 112.55K | 10.19K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | -1.89M | 2.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
POLA Key Ratios
Polar Power, Inc. (POLA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 33.99% | -3.34% | -3.75% | -20.55% | -72.8% | -18.53% | -26.92% | -41.75% | -43.1% | -299.07% |
| Return on Invested Capital (ROIC) | 99.42% | -6.13% | -5.91% | -16.2% | -59.08% | -13.81% | -20.73% | -22.15% | -18.69% | -18.69% |
| Gross Margin | 44.65% | 33.58% | 30.91% | 19.84% | -62.26% | 20.39% | 13.23% | 4.54% | 9.41% | -30.63% |
| Net Margin | 19.31% | -5.39% | -3.53% | -16.89% | -120.37% | -19.05% | -34.73% | -42.82% | -33.48% | -104.13% |
| Debt / Equity | 0.01x | 0.01x | 0.05x | 0.18x | 0.36x | 0.06x | 0.13x | 0.57x | 0.81x | 0.81x |
| Interest Coverage | 65.78x | -40.51x | -54.48x | -38.66x | -270.08x | -51.63x | -95.40x | -10.72x | -6.74x | -14.63x |
| FCF Conversion | 0.14x | 2.04x | 9.25x | 0.52x | 0.60x | 2.91x | 1.17x | 0.52x | 0.11x | 0.11x |
| Revenue Growth | 233.03% | -36.76% | 66.77% | 3.14% | -63.59% | 87.09% | -4.97% | -4.75% | -8.65% | -44.32% |
POLA Frequently Asked Questions
Polar Power, Inc. (POLA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Polar Power, Inc. (POLA) reported $8.3M in revenue for fiscal year 2024. This represents a 60% increase from $5.2M in 2014.
Polar Power, Inc. (POLA) saw revenue decline by 8.7% over the past year.
Polar Power, Inc. (POLA) reported a net loss of $8.7M for fiscal year 2024.
Dividend & Returns
Polar Power, Inc. (POLA) has a return on equity (ROE) of -43.1%. Negative ROE indicates the company is unprofitable.
Polar Power, Inc. (POLA) had negative free cash flow of $1.0M in fiscal year 2024, likely due to heavy capital investments.
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Polar Power, Inc. (POLA) financial analysis — history, returns, DCA and operating performance tools
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