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Polaris Inc. PII R2K

Consumer Cyclical · Recreational Vehicles · United States
https://www.polaris.com

Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off Road, On Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; moto-roadsters; quadricycles; and pontoon and deck boats. It also provides source parts, garments, and accessories, such as helmets, jackets, gloves, pants, and hats; and snowmobile accessories comprising covers, traction products, reverse kits, electric starters, tracks, pull-behinds, bags, and windshields, as well as gear and apparel for its snowmobiles consisting of helmets, jackets, goggles, gloves, boots, bibs, pants, and hats. In addition, the company offers ORV accessories, including winches, bumper/brushguards, plows, racks, wheels and tires, cab systems, lighting and audio systems, cargo box accessories, and tracks, as well as replacement parts and lubricants. Further, it provides motorcycle accessories, such as performance enhancements, saddle bags, handlebars, backrests, exhausts, windshields, seats, and various chrome accessories, as well as light duty hauling and passenger vehicles. The company sells its products through dealers and distributors, as well as online. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.

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$70.57
+89.26% 1Y

Market & Price

Market Cap
$4.01B
Current Price
$70.57
High / Low (52W)
$72.78 / $36.72
Beta
1.26

Valuation

Stock P/E
-
Industry PE
22.37
Forward P/E
22.66
PEG Ratio
3.34
Book Value
$13.19
Price to Book
5.35
P/S
0.55
EV/EBITDA
15.12
Dividend Yield
3.85%

Profitability & Returns

ROCE
-15.14%
ROE
-44.85%
ROA
1.37%
Profit Margin
-6.07%
Op Margin
-0.45%
EPS (Latest Qtr)
$-0.83
EPS (TTM)
$-7.84

Balance Sheet & Liquidity

Debt/Equity
2.92
Quick Ratio
0.27
Current Ratio
1.21
Debt
$2.21B
Total Assets
$4.89B
Current Assets
$2.21B
Working Capital
$-36.70M

Ownership

Promoter Holding
6.33%
Chg in Prom Hold
-
FII / Inst Holding
98.42%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$5.94B
Total Revenue (TTM)
$7.35B
EBITDA
$393.10M
Free Cash Flow
$384.49M
Operating Cash Flow
$337.60M
Shares Outstanding
56.89M
Gross Margin
20.90%
Payout Ratio
373.24%

Growth (CAGR)

Revenue 5Y
-5.92%
Profit 5Y
-68.04%
Revenue (YoY)
7.50%
Earnings (YoY)
-

PROS

  • Attractive dividend yield of 3.85%.
  • Generates positive free cash flow.

CONS

  • Revenue declined at -5.9% CAGR over 5 years.
  • Earnings shrank at -68.0% CAGR over 5 years.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PII Polaris Inc. R2K 70.57 - $4.01B 3.85% -15.14% -44.85% -5.92% -68.04%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
Ad space

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------1.15B1.36B1.48B1.43B1.30B1.50B1.65B1.63B1.50B1.78B1.77B1.74B1.41B1.51B1.95B1.95B1.91B1.78B1.78B2.06B2.34B2.18B2.22B2.25B1.74B1.96B1.72B1.54B1.85B1.84B1.92B1.66B
Cost of Revenue -----------------------------------1.29B1.49B1.46B1.54B1.32B
Gross Profit 293.73M319.41M415.62M310.27M247.58M284.50M260.77M312.77M242.49M350.39M363.96M367.81M323.48M385.18M401.27M391.27M352.50M436.40M436.50M423.34M292.90M332.70M534.60M480.50M497.40M420.00M352.90M474.40M559.20M469.20M505.00M508.80M330.30M424.00M354.60M245.00M359.20M380.30M384.20M334.80M
Operating Expenses -----------------------------------281.10M319.50M317.60M416.20M342.30M
Operating Income 150.29M164.02M242.68M-77.14M117.00M57.39M-21.09M99.18M116.91M-83.28M122.46M138.87M-81.90M135.10M130.30M-5.50M-295.40M239.40M184.20M210.70M158.20M100.20M193.10M254.30M161.10M196.00M201.10M39.00M119.70M66.10M-36.10M39.70M62.70M-32.00M-7.50M
EBITDA -----------------------------------36.40M13.50M93.60M-258.30M35.90M
Interest Expense -----------------------------------34.10M33.20M33.10M31.00M30.40M
Pretax Income ------------------------------------71.10M-92.60M-12.10M-356.90M-57.70M
Tax Provision ------------------------------------4.40M-13.50M3.60M-53.60M-10.50M
Net Income 88.56M100.94M155.17M110.68M46.89M71.17M32.31M62.58M-2.91M62.04M81.89M31.47M55.71M92.54M95.53M91.47M48.40M88.20M88.40M98.93M-5.40M-235.40M166.80M134.10M158.40M114.60M69.90M-4.60M186.30M113.40M134.30M151.70M3.80M68.70M27.70M-66.80M-79.30M-15.80M-303.60M-47.40M
Diluted EPS 1.301.492.301.660.711.090.500.97-0.050.971.280.490.851.431.501.470.781.421.421.58-0.09-3.822.662.112.521.841.14-0.083.101.952.322.620.071.210.49-1.17-1.39-0.28-5.34-0.83
R&D Expense 38.86M41.43M44.43M-43.11M45.58M47.57M-52.01M60.75M63.13M-65.23M68.33M64.18M-67.10M76.40M77.30M-78.40M66.80M77.20M79.50M86.70M84.80M80.80M86.80M98.50M96.50M93.20M91.80M87.80M86.80M84.10M82.90M90.30M92.80M-82.30M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --------4.52B5.43B6.08B6.78B6.28B-8.59B8.93B7.18B7.15B
Cost of Revenue --------------6.63B6.97B5.71B5.78B
Gross Profit 445.71M393.22M530.21M740.58M925.30M1.12B1.32B1.34B1.11B1.32B1.50B1.65B1.54B-1.96B1.96B1.47B1.37B
Operating Expenses --------------1.16B1.26B1.18B1.33B
Operating Income 182.80M164.97M220.72M349.92M478.43M577.91M714.69M716.14M350.28M359.66M487.40M483.70M521.00M-804.50M700.90M290.60M34.30M
EBITDA --------------1.07B1.00B564.10M-114.80M
Interest Expense --------------71.70M125.00M137.00M131.40M
Pretax Income --------------761.40M620.40M140.80M-532.70M
Tax Provision --------------158.00M117.70M29.60M-67.90M
Net Income 117.39M101.02M147.14M227.57M312.31M377.29M454.03M455.36M212.95M172.49M335.30M324.00M124.80M-447.10M502.80M110.80M-465.50M
Diluted EPS 3.501.532.143.204.405.356.656.753.272.695.245.201.99-7.448.711.95-8.18
R&D Expense 77.47M63.00M84.94M105.63M127.36M139.19M148.46M166.46M185.13M238.30M259.70M292.90M288.10M328.70M366.70M374.30M336.90M371.90M

Compounded Sales Growth

5 Years:-5.92%
1 Year:7.50%

Compounded Profit Growth

5 Years:-68.04%
1 Year:-

Stock Price Performance

1 Year:+89.26%
6 Months:+7.83%
3 Months:+17.50%
1 Month:+4.98%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --763.65M1.06B1.23B1.49B1.69B2.07B2.39B3.10B3.09B4.12B4.43B4.63B-5.22B5.52B5.53B4.89B
Current Assets ---------------2.77B2.69B2.63B2.21B
Cash & Equivalents 63.28M27.13M140.24M393.93M325.34M417.01M92.25M137.60M155.35M127.33M138.34M161.20M157.10M631.70M-324.50M367.80M287.80M138.00M
Inventory ---------------1.90B1.81B1.74B1.41B
Receivables ---------------343.00M306.40M192.30M237.50M
Total Liabilities --559.11M690.66M727.97M798.00M1.14B1.20B1.39B2.22B2.15B3.25B3.31B3.48B-4.12B4.10B4.23B4.06B
Current Liabilities --343.07M584.21M586.33M631.03M748.07M850.81M826.78M959.75M1.13B1.20B1.53B1.89B-2.33B1.93B2.29B2.24B
Long Term Debt ------284.34M223.62M456.42M1.14B865.27M1.90B1.53B1.31B-1.50B1.85B1.64B1.50B
Total Debt ---------------2.17B2.05B2.20B1.66B
Total Equity 172.98M137.03M204.54M370.99M500.06M690.53M535.61M861.27M981.48M867.04M931.70M867.00M1.11B1.14B-1.10B1.42B1.29B828.40M
Shares Outstanding ---------------57.00M56.47M56.10M56.50M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 175.75M193.20M297.62M302.53M416.11M492.24M529.27M440.23M589.63M585.41M477.10M655.10M1.02B-508.60M925.80M268.20M741.00M
Investing Cash Flow -69.73M-29.68M-42.12M-141.15M-163.05M-406.69M-246.78M-289.09M-909.26M-151.10M-959.50M-239.30M-150.70M--324.60M-462.00M-270.90M-139.50M
Financing Cash Flow -142.17M-50.41M-1.81M-227.52M-162.51M-409.04M-222.57M-120.12M314.49M-427.68M523.40M-411.80M-415.40M--363.20M-431.30M-59.20M-693.00M
Capital Expenditure -76.58M-43.93M-55.72M-84.48M-103.08M-251.40M-205.08M-249.49M-209.14M-184.39M-225.40M-251.40M-204.30M--306.60M-412.60M-324.40M-182.90M
Free Cash Flow 99.18M149.27M241.90M218.05M313.03M240.84M324.19M190.75M380.49M401.02M251.70M403.70M814.30M-202.00M513.20M-56.20M558.10M
Net Change in Cash ---------------179.20M32.50M-61.90M-91.50M
Share Buybacks 107.17M4.56M27.49M132.37M127.53M530.03M81.81M293.62M245.82M90.46M348.70M8.40M50.30M461.60M505.00M178.60M82.70M2.40M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --------24.5%24.4%24.7%24.3%24.4%-22.8%21.9%20.4%19.1%
Operating Margin % --------7.8%6.6%8.0%7.1%8.3%-9.4%7.8%4.0%0.5%
Net Margin % --------4.7%3.2%5.5%4.8%2.0%-5.2%5.6%1.5%-6.5%
ROE % 85.7%49.4%39.7%45.5%45.2%70.4%52.7%46.4%24.6%18.5%38.7%29.2%10.9%-40.7%35.4%8.6%-56.2%
ROCE % -39.2%46.2%54.5%55.8%61.6%58.4%45.9%16.4%18.4%16.6%16.7%19.0%-27.8%19.6%9.0%1.3%

Shareholding Pattern

Insiders
6.33%
Institutions
98.42%
Public Float
105.08%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.40% 7.06M $497.92M
2 Capital World Investors 6.85% 3.90M $275.06M
3 Vanguard Portfolio Management LLC 4.90% 2.79M $196.67M
4 State Street Corporation 4.52% 2.57M $181.47M
5 Vanguard Capital Management LLC 4.23% 2.41M $170.01M
6 AQR Capital Management, LLC 3.82% 2.18M $153.52M
7 American Century Companies Inc 3.47% 1.97M $139.17M
8 Goldman Sachs Group Inc 3.39% 1.93M $136.02M
9 Morgan Stanley 3.05% 1.74M $122.48M
10 Dimensional Fund Advisors LP 2.72% 1.55M $109.12M

Analyst View

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Latest News

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