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Polaris PII Acquisitions

Acquisitions at other companies

Brunswick logo
BrunswickBC
$0
LCI Industries logo
LCI IndustriesLCII
$0-100%
Thor Industries logo
Thor IndustriesTHO
$0-100%
Johnson Outdoors logo
Johnson OutdoorsJOUT
$0
Douglas Dynamics logo
Douglas DynamicsPLOW
$927K
MarineMax logo
MarineMaxHZO
$2.62M

Other financials

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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Operating cash flow-$320.2M-485%
CapEx$44.1M+8.9%
Free cash flow-$349.9M-835%

Valuation

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Market cap$3.99B+34.6%
Enterprise value$5.67B+25.9%
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
FCF margin2.2%-1.1pp

Returns & leverage

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

Where this comes from

Reported directly by Polaris in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates.

The source filing: Polaris’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 2:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-027854
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Investing Activities:
Purchase of property and equipment, net(29.7)(35.6)
Distributions from (investment in) finance affiliate, net7.47.3
Investments in other affiliates(20.0)
Sale of business(79.3)
Net cash used for investing activities(121.6)(28.3)
Financing Activities:
Borrowings (repayments) under revolving loan facility, net558.6(11.4)

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's acquisitions?
Polaris (PII) reported acquisitions of $20M in Q1 2026.
How has Polaris's acquisitions changed year-over-year?
Polaris's acquisitions increased by 374.0% year-over-year, from -$7.3M to $20M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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