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Polaris

PII

Polaris Inc. is a global leader in the powersports industry, specializing in the design, engineering, and manufacturing of off-road and on-road vehicles, as well as marine products.

Market cap
$3.82B+28.9%
Revenue$7.4B+8.4%
Net income-$260.4M-142%
EPS (diluted)-$4.63-146%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 26, 2026 (in 3 months)
Revenue estimate$1.9B
EPS estimate$0.62

Financials

Q2 2026

Income statement

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Revenue$2.0B+9.2%
Gross profit$478.3M+33.2%
Operating income$148.8M+1,253%
Net income$106.4M+234%
EPS (diluted)$1.82+231%

Balance sheet

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Cash & equivalents$302.1M-6.8%
Total debt$2.0B+6.3%
Total equity$836.5M-29.4%
Total assets$5.2B-3.5%

Cash flow

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CapEx$44.1M+8.9%

Valuation & ratios

Valuation

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Market cap$3.82B+28.9%
Enterprise value$5.5B+25.6%
P/S0.5×+0.1×

Profitability

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Gross margin21.2%+2.0pp
Operating margin-2.6%-3.8pp
Net margin-3.5%-18.9pp

Returns & leverage

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Return on equity-25.8%-51.1pp
Debt / equity2.4×+0.8×
Current ratio1.2×+0.2×

Segments

By segment

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Polaris Powersports$1.7B+17.5%
Marine$179.5M+15.6%
Aixam & Goupil$85.8M+5.7%

By geography

See full
United States$1.7B
Canada$101.5M

By product

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Wholegoods$1.5B+8.1%
PG&A$503.4M+12.5%

Competitors

Profile

Polaris Inc. is a global leader in the powersports industry, specializing in the design, engineering, and manufacturing of off-road and on-road vehicles, as well as marine products. The company provides a diverse portfolio of recreational and utility vehicles, supported by a comprehensive range of parts, garments, and accessories. Its core value proposition centers on innovation, performance, and a robust global distribution network of independent dealers and distributors.

Competitive position

Polaris is a market leader in North American off-road vehicles and pontoon boats, maintaining a top-tier position in the snowmobile industry through continuous product innovation and a vast dealer network.

GeographiesUnited States, Canada, Western Europe, Australia, Mexico
Customer segmentsRetail Consumers, Commercial Enterprises, Government and Defense, Independent Dealers
Business modelManufacturing, Direct-to-Consumer, B2B Distribution, Licensing and Services
SuppliersRaw material suppliers (steel, aluminum, plastics), Component part manufacturers, Boat engine manufacturers, Apparel and gear vendors
CustomersIndependent dealer networks, International distributors, Government and military entities, End-user retail consumers
Listed1987
Employees18.5K
CEOMichael Todd Speetzen
FilingsSEC EDGAR

FAQ

What is Polaris's market cap?
Polaris (PII) has a market capitalization of $3.8B and trades on NYSE.
What is Polaris's revenue and profitability?
Polaris generated $7.4B in trailing twelve-month revenue with a net loss of $260.4M, representing a net margin of -3.5%. Gross margin stands at 21.2%. These figures are based on the Q2 2026 filing.
Who are Polaris's competitors?
Polaris's key competitors include Brunswick Corporation, Massimo Group Common Stock, RideNow Group, Inc. Class B Common Stock, and others. These companies compete in similar markets and product categories.
Who does Polaris partner with?
Polaris's notable partners include Wells Fargo Bank, N.A..
What subsidiaries does Polaris have?
Polaris's subsidiaries include Klim, 509, Kolpin, and others.
Where is Polaris headquartered?
Polaris is headquartered in United States of America and employs approximately 18,500 people. It has been publicly traded since 1987.