What is Polaris's inventory turnover?

Polaris (PII) reported inventory turnover of 3.5× in Q1 2026.

How has Polaris's inventory turnover changed year-over-year?

Polaris's inventory turnover increased by 16.1% year-over-year, from 3× to 3.5×.

What is the long-term trend for Polaris's inventory turnover?

Over 5 years (2020 to 2025), Polaris's inventory turnover has grown at a -2.3% compound annual growth rate (CAGR), from 4.1× to 3.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Polaris PII Inventory turnover

Inventory turnover at other companies

BrunswickBC

3.2×+0.6×

Harley-DavidsonHOG

4.1×+0.5×

Thor IndustriesTHO

5.4×+0.3×

LKQLKQ

2.6×0.0×

Rivian Automotive, Inc.RIVN

2.6×+0.6×

Patrick IndustriesPATK

5.1×-0.3×

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$3.91B+34.8%

Profitability

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Gross margin20%+0.2pp

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.

total cost of revenue/inventories=3.5×

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 inventory turnover?: Polaris (PII) reported inventory turnover of 3.5× in Q1 2026.
How has Polaris's inventory turnover changed year-over-year?: Polaris's inventory turnover increased by 16.1% year-over-year, from 3× to 3.5×.
What is the long-term trend for Polaris's inventory turnover?: Over 5 years (2020 to 2025), Polaris's inventory turnover has grown at a -2.3% compound annual growth rate (CAGR), from 4.1× to 3.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.