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Polaris PII Gross margin

Gross margin at other companies

Brunswick logo
BrunswickBC
25.6%+0.9pp
LCI Industries logo
LCI IndustriesLCII
25.7%+2.1pp
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Harley-DavidsonHOG
33.4%-8.9pp
MasterCraft Boat Holdings, Inc. logo
MasterCraft Boat Holdings, Inc.MCFT
23.1%+4.9pp
Thor Industries logo
Thor IndustriesTHO
13.2%-1.1pp
Fox Factory Holding Corp. logo
Fox Factory Holding Corp.FOXF
29.5%-0.7pp

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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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.

Based on trailing twelve months.

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 gross margin?
Polaris (PII) reported gross margin of 21.2% in Q2 2026.
How has Polaris's gross margin changed year-over-year?
Polaris's gross margin increased by 10.5% year-over-year, from 19.2% to 21.2%.
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 -4.7% compound annual growth rate (CAGR), from 24.3% 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.

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