What is Polaris's debt-to-equity?

Polaris (PII) reported debt-to-equity of 2.8× in Q1 2026.

How has Polaris's debt-to-equity changed year-over-year?

Polaris's debt-to-equity increased by 65.8% year-over-year, from 1.7× to 2.8×.

What is the long-term trend for Polaris's debt-to-equity?

Over 5 years (2020 to 2025), Polaris's debt-to-equity has grown at a 51.9% compound annual growth rate (CAGR), from 0.2× to 2×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Polaris PII Debt-to-equity

Debt-to-equity at other companies

BrunswickBC

1.8×+0.2×

Thor IndustriesTHO

0.2×0.0×

LKQLKQ

0.2×0.0×

Rivian Automotive, Inc.RIVN

1.2×+0.4×

Dorman ProductsDORM

0.4×-0.1×

Tractor Supply CompanyTSCO

2.5×0.0×

Other financials

Income statement

See full

Revenue$1.7B+8.0%

Gross profit$334.8M+36.7%

Operating income-$39.1M-8.3%

Net income-$47.4M+29.0%

EPS (diluted)-$0.83+29.1%

Balance sheet

See full

Cash & equivalents$282.0M-3.3%

Total debt$2.1B+1.4%

Total equity$750.4M-38.8%

Total assets$5.2B-3.8%

Cash flow

See full

Operating cash flow-$320.2M-485%

CapEx$29.7M-16.6%

Free cash flow-$349.9M-835%

Valuation

See full

Market cap$4.06B+34.8%

Enterprise value$5.9B+20.5%

P/S0.6×+0.1×

Profitability

See full

Gross margin20%+0.2pp

Operating margin-4.8%-7.9pp

Net margin-6.1%-6.7pp

FCF margin2.2%-1.1pp

Returns & leverage

See full

Return on equity-45.1%-48.2pp

Current ratio1.2×+0.1×

Where this comes from

Calculated from Polaris’s reported figures.

total debt/total stockholders equity=2.8×

Based on the most recent quarter.

The official record: Polaris’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

Ask your AI about Polaris's debt-to-equity.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Polaris's debt-to-equity?: Polaris (PII) reported debt-to-equity of 2.8× in Q1 2026.
How has Polaris's debt-to-equity changed year-over-year?: Polaris's debt-to-equity increased by 65.8% year-over-year, from 1.7× to 2.8×.
What is the long-term trend for Polaris's debt-to-equity?: Over 5 years (2020 to 2025), Polaris's debt-to-equity has grown at a 51.9% compound annual growth rate (CAGR), from 0.2× to 2×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.