Polaris Inc. logo

Polaris Inc.

PII

NYSEConsumer CyclicalAuto - Recreational Vehicles

Regular session

$64.21

−$0.18 · -0.28%

Aug 24, 12:31 PM ET

PII company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

42

Neutral

Sentiment

60

Mixed

Risk resilience

63

Moderate Risk

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Company profile

Company website

Polaris Inc. is a global enterprise specializing in the design, engineering, production, and distribution of powersports vehicles. Its business is structured across three primary segments: Off-Road, On-Road, and Marine. The company's off-road lineup features all-terrain vehicles (ATVs), side-by-side utility vehicles, snowmobiles, and innovative snow bike conversion systems. This segment also produces low-emission, light-duty transport, passenger, and industrial vehicles. For paved roads, Polaris offers a selection of motorcycles, quadricycles, and moto-roadsters. Beyond the vehicles themselves, Polaris provides an extensive array of complementary accessories. For off-road vehicles, these include functional items like winches, plows, and tracks, as well as comfort and style elements such as cab systems, lighting, audio, and specialized wheels. Snowmobile owners can find covers, traction enhancers, electric starters, and various bags and windshields. Motorcycle enthusiasts have access to saddlebags, custom handlebars, exhaust systems, and decorative chrome. Furthermore, Polaris markets a full range of protective gear and apparel, encompassing helmets, jackets, gloves, and boots. Within its Marine division, the company manufactures both pontoon and deck boats. Polaris products are sold through a broad network of dealers and distributors, and directly via its online platforms. Aftermarket parts, apparel, and accessories are additionally available through its 101 physical retail centers, call centers, and e-commerce websites. Founded in 1954 as Polaris Industries Inc., the company's headquarters are located in Medina, Minnesota.

Industry
Auto - Recreational Vehicles
Sector
Consumer Cyclical
Headquarters
US
CEO
Michael Todd Speetzen
Listed since
Sep 16, 1987
Employees
14,500

Market position

Day range

Current $64.21

52-week range

Current $64.21

Open
$64.00
Previous close
$64.39
Volume
141.99K
0.13× average
Average volume
1.13M
Average daily volume
Market cap
3.65B USD
Beta
1.29
Market reference 1
50-day average
$69.4446
-7.54% below average
200-day average
$65.0688
-1.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5B USD
P/E (TTM)
-13.99×
P/B (TTM)
4.41×
P/S (TTM)
0.49×
EV / EBITDA
-43.86×
Earnings yield
-12.93%
Free cash flow yield
15.51%
Dividend yield
4.20%

Profitability & efficiency

Gross margin
21.00%
Operating margin
1.01%
Net margin
-3.50%
Return on equity
-56.19%
Return on assets
-9.51%
Return on invested capital
-0.92%

Financial health

Debt / equity
2.33×
Current ratio
0.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%14%2%-9%Gross margin, FY2021: 22.81%Gross margin, FY2022: 22.22%Gross margin, FY2023: 21.33%Gross margin, FY2024: 19.57%Gross margin, FY2025: 18.52%Operating margin, FY2021: 8.84%Operating margin, FY2022: 8.78%Operating margin, FY2023: 7.04%Operating margin, FY2024: 3.07%Operating margin, FY2025: -0.40%Net margin, FY2021: 6.64%Net margin, FY2022: 6.87%Net margin, FY2023: 5.63%Net margin, FY2024: 1.54%Net margin, FY2025: -6.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.81%. Gross margin FY2022 22.22%. Gross margin FY2023 21.33%. Gross margin FY2024 19.57%. Gross margin FY2025 18.52%. Operating margin FY2021 8.84%. Operating margin FY2022 8.78%. Operating margin FY2023 7.04%. Operating margin FY2024 3.07%. Operating margin FY2025 -0.40%. Net margin FY2021 6.64%. Net margin FY2022 6.87%. Net margin FY2023 5.63%. Net margin FY2024 1.54%. Net margin FY2025 -6.51%.

Income trends

Revenue

7.15B USD-0.33%

Operating income

−28.3M USD−248.7M USD

Net income

−465.5M USD−576.3M USD
Income trends across reported periods9.87B USD6.11B USD2.35B USD−1.41B USDRevenue, FY2021: 7.44B USDRevenue, FY2022: 8.59B USDRevenue, FY2023: 8.93B USDRevenue, FY2024: 7.18B USDRevenue, FY2025: 7.15B USDOperating income, FY2021: 657.7M USDOperating income, FY2022: 754M USDOperating income, FY2023: 629.2M USDOperating income, FY2024: 220.4M USDOperating income, FY2025: −28.3M USDNet income, FY2021: 493.9M USDNet income, FY2022: 589.7M USDNet income, FY2023: 502.8M USDNet income, FY2024: 110.8M USDNet income, FY2025: −465.5M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.44B USD. Revenue FY2022 8.59B USD. Revenue FY2023 8.93B USD. Revenue FY2024 7.18B USD. Revenue FY2025 7.15B USD. Operating income FY2021 657.7M USD. Operating income FY2022 754M USD. Operating income FY2023 629.2M USD. Operating income FY2024 220.4M USD. Operating income FY2025 −28.3M USD. Net income FY2021 493.9M USD. Net income FY2022 589.7M USD. Net income FY2023 502.8M USD. Net income FY2024 110.8M USD. Net income FY2025 −465.5M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.15B USD7.18B USD8.93B USD8.59B USD7.44B USD
Cost of goods sold5.83B USD5.77B USD7.03B USD6.68B USD5.74B USD
Gross profit1.32B USD1.4B USD1.91B USD1.91B USD1.7B USD
Research and development371.9M USD336.9M USD374.3M USD366.7M USD328.7M USD
Selling, general, and administrative981M USD846.6M USD902.5M USD787.5M USD710.2M USD
Operating expenses1.35B USD1.18B USD1.28B USD1.15B USD1.04B USD
Interest expense132.8M USD142.3M USD133.8M USD72.7M USD36.1M USD
Depreciation and amortization285.9M USD286.3M USD258.9M USD232.8M USD216.4M USD
Operating income−28.3M USD220.4M USD629.2M USD754M USD657.7M USD
Net income−465.5M USD110.8M USD502.8M USD589.7M USD493.9M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+115.71%
11 comparable reports
Latest EPS result
1.97
Estimate 0.76 · Beat by 160.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.21.09-0.03-1.14Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 0.92, estimate 0.89, surprise +3.37%, Beat. Q2 2025, reported Apr 29, 2025: actual -0.9, estimate -0.91, surprise +1.10%, Beat. Q3 2025, reported Jul 29, 2025: actual 0.4, estimate 0.05, surprise +700.00%, Beat. Q4 2025, reported Oct 28, 2025: actual 0.41, estimate 0.37, surprise +10.81%, Beat. Q1 2026, reported Jan 27, 2026: actual 0.08, estimate 0.06, surprise +33.33%, Beat. Q2 2026, reported Apr 27, 2026: actual 0.13, estimate -0.43, surprise +130.23%, Beat. Q3 2026, reported Jul 28, 2026: actual 1.97, estimate 0.755, surprise +160.93%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 0.62, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.1B1.89B1.67B1.45BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 1.76B USD, estimate 1.53B USD, surprise +14.65%, Beat. Q2 2025, reported Apr 29, 2025: actual 1.54B USD, estimate 1.82B USD, surprise -15.74%, Miss. Q3 2025, reported Jul 29, 2025: actual 1.85B USD, estimate 1.67B USD, surprise +10.65%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.84B USD, estimate 1.79B USD, surprise +3.11%, Beat. Q1 2026, reported Jan 27, 2026: actual 1.92B USD, estimate 1.81B USD, surprise +5.90%, Beat. Q2 2026, reported Apr 27, 2026: actual 1.66B USD, estimate 1.63B USD, surprise +1.93%, Beat. Q3 2026, reported Jul 28, 2026: actual 2.02B USD, estimate 1.95B USD, surprise +3.88%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 1.9B USD, surprise —, Comparison unavailable.

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