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Polaris(NYSE) PII

Market Cap$3.67BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1987)+25,781%
5 Year-39%
1 Year+22%
1 Month-12%
Premium Feature
Moneyball Superscore
47/100
$64.43
-2.38%
-1.57Today
Polaris last closing stock price
MetricPriceDate
Last closeUSD 64.432026-08-20
Polaris stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-6.13%USD 68.642026-08-13
1 month-12.22%USD 73.402026-07-21
3 month-4.09%USD 67.182026-05-22
Year to date+4.02%USD 61.942025-12-31
1 year+22.16%USD 52.742025-08-20
3 year-35.39%USD 99.732023-08-21
5 year-38.95%USD 105.532021-08-20
Since inception+25,780.89%USD 0.261987-09-16

Polaris Financials at a Glance

Market Cap

$3.67BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$7.45B

Net Income (TTM)

-$260.40M

EPS (TTM)

-$4.61

P/E Ratio

-13.96

Dividend

$2.70

Beta (Volatility)

1.25 (Average)

Price

$64.43

Volume

29.568

Open

$64.96

Previous Close

$64.43

Daily Range

$63.45 - $64.96

52-Week Range

$47.14 - $77.98

Estimated Earnings Date

Oct 26, 2026

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47

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About Polaris

Polaris Inc. makes vehicles that help people work and play outdoors. They build machines for riding on dirt, snow, and water. These products give users a way to travel across tough terrain or enjoy lakes.

What Polaris Builds

  • Polaris Powersports: Includes all-terrain vehicles, side-by-side machines, and snowmobiles for work or recreation; accounted for 85% of net sales in the second quarter of 2026.
  • Marine: Manufactures pontoon and deck boats for leisure activities; represented 9% of net sales in the second quarter of 2026.
  • Aixam and Goupil: Produces quadricycles and light-duty electric vehicles for passenger and industrial use; made up 4% of net sales in the second quarter of 2026.
  • Parts and Accessories: Sells replacement parts, protective gear, and branded apparel across all vehicle segments to support maintenance and style.

Changing the Business Map

  • Divested the Indian Motorcycle business on Feb. 2, 2026, to refocus the corporate portfolio.
  • Launched an online portal in April 2026 to facilitate the recovery of previously paid tariff charges.
  • Recognized a $73.9 million benefit in cost of sales during the second quarter of 2026 from tariff refund claims.
  • Increased shipments and implemented higher net pricing to drive sales growth in the first half of 2026.

Global Reach and Logistics

Polaris maintains a global distribution network and sells products through dealers, distributors, and direct online platforms. The company uses specialized financing arrangements to help dealers manage inventory without using their own working capital.

Second Quarter Performance

  • Sales reached $2,022.8 million in the second quarter of 2026, up 9% year over year.
  • Gross profit was $478.3 million in the three-month period ended June 30, 2026, a 33% increase from the prior year.
  • Adjusted EBITDA hit $239.4 million in the second quarter of 2026, up 101% year over year.
  • Net income attributable to the company was $106.4 million in the second quarter of 2026, compared to a net loss of $79.3 million in the 2025 period.

The Final Word

Polaris has transitioned to a more streamlined organization following the divestiture of its motorcycle segment in 2026. The company now focuses on its core off-road and marine strengths while managing complex international trade and tariff policies.

AI Generated • Jul 29, 2026

Industry

Leisure Products

Employees

14,500

CEO

Michael Todd Speetzen, MBA

Headquarters

Medina, MN 55340, US

PII Financials

Key Financial Metrics (TTM)

Gross Margin

21.00%

Operating Margin

1.01%

Net Income Margin

-3.50%

Return on Equity

-29.22%

Return on Capital

-1.20%

Return on Assets

-5.01%

Earnings Yield

-7.16%

Dividend Yield

4.19%

Payout Ratio

-58.68%

Stock Overview

Market Cap

$3.67BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

56.90M

Volume

29.568

Avg. Volume

838.04K

Financials (TTM)

Gross Profit

$1.56B

Operating Income

$75.10M

EBITDA

$116.10M

Operating Cash Flow

$247.50M

Capital Expenditure

-$180.60M

Free Cash Flow

$66.90M

Cash & ST Invst.

$302.10M

Total Debt

$1.95B

Polaris Performance Analysis

Polaris annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 8,589,000,00015.5%
20232023-12-31USD 8,934,400,0004.0%
20242024-12-31USD 7,175,400,000-19.7%
20252025-12-31USD 7,152,000,000-0.3%
Polaris sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-0.6%
Q42025-12-314.4%
Q12026-03-31-13.7%
Q22026-06-3022.0%
Polaris annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 9.8124.6%
20232023-12-31USD 8.71-11.2%
20242024-12-31USD 1.95-77.6%
20252025-12-31USD -8.18N/A
Polaris sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3079.9%
Q42025-12-31-1807.1%
Q12026-03-3184.5%
Q22026-06-30321.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$2.02B

+9.2%

Gross Profit

$478.30M

+39.0%

Gross Margin

23.65%

N/A

Market Cap

$3.67BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$252.85K

N/A

Employees

14,500

N/A

Net Income

$106.40M

+234.2%

EBITDA

$245.00M

+1662.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$302.10M

-6.8%

Total Debt

$1.95B

-0.1%

Accounts Receivable

$314.20M

+16.4%

Inventory

$1.57B

-7.8%

Long Term Debt

$1.92B

+28.7%

Short Term Debt

$34.80M

-92.5%

Return on Assets

-5.01%

N/A

Return on Invested Capital

2.46%

N/A

Free Cash Flow

$186.10M

-33.5%

Operating Cash Flow

$230.20M

-28.1%

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Questions About PII

What is the current price of Polaris?

Polaris is trading at $64.43 per share.

What is the 52-week range for Polaris?

Over the past 52 weeks, Polaris has traded between $47.14 and $77.98.

How much debt does Polaris have?

As of the most recent reporting period, Polaris reported total debt of $2.06B.

How much cash does Polaris have on hand?

Polaris reported $302.10M in cash and cash equivalents in its most recent financial results.

What is Polaris’s dividend yield?

Polaris currently has a dividend yield of 4.19%.

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