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Polaris PII Gross margin

Gross margin at other companies

Brunswick logo
BrunswickBC
24.9%-0.3pp
Thor Industries logo
Thor IndustriesTHO
13.2%-1.1pp
LKQ logo
LKQLKQ
38.3%-0.7pp
Rivian Automotive, Inc. logo
Rivian Automotive, Inc.RIVN
1%
Dorman Products logo
Dorman ProductsDORM
40.9%+0.3pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
36.4%+0.1pp

Other financials

Income statement

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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

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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

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Operating cash flow-$320.2M-485%
CapEx$29.7M-16.6%
Free cash flow-$349.9M-835%

Valuation

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Market cap$4.06B+34.8%
Enterprise value$5.9B+20.5%
P/S0.6×+0.1×

Profitability

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Operating margin-4.8%-7.9pp
Net margin-6.1%-6.7pp
FCF margin2.2%-1.1pp

Returns & leverage

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Return on equity-45.1%-48.2pp
Debt / equity2.8×+1.1×
Current ratio1.2×+0.1×

Where this comes from

Calculated from Polaris’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is Polaris's gross margin?
Polaris (PII) reported gross margin of 20% in Q1 2026.
How has Polaris's gross margin changed year-over-year?
Polaris's gross margin increased by 1.2% year-over-year, from 19.8% to 20%.
What is the long-term trend for Polaris's gross margin?
Over 5 years (2020 to 2025), Polaris's gross margin has grown at a -4.8% compound annual growth rate (CAGR), from 24.4% to 19.1%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.