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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

Calculated from Polaris’s reported figures.

$148.8Mebit+
$65.3MDepreciation Depletion & Amortization
=$214.1M

The source filing: Polaris’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 3:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050104

FAQ

What is Polaris's EBITDA?
Polaris (PII) reported EBITDA of $214.1M in Q2 2026.
How has Polaris's EBITDA changed year-over-year?
Polaris's EBITDA increased by 256.8% year-over-year, from $60M to $214.1M.
What is the long-term trend for Polaris's EBITDA?
Over 4 years (2021 to 2025), Polaris's EBITDA has grown at a -49.4% compound annual growth rate (CAGR), from $946.1M to -$62.2M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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