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Polaris PII Long-Term Debt

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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

Reported directly by Polaris in its filing.

Tagged under the XBRL concept us-gaap:LongTermDebtAndCapitalLeaseObligations.

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

Filed
Jul 28, 2026, 3:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050104
Line itemJune 30, 2026December 31, 2025
Other current liabilities35.940.5
Current liabilities held for sale1.750.5
Total current liabilities2,140.52,243.3
Long-term financing obligations1,916.51,504.7
Other long-term liabilities297.1306.1
Total liabilities$4,354.1$4,054.1
Deferred compensation$4.3$6.7
Shareholders’ equity:

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's long-term debt?
Polaris (PII) reported long-term debt of $1.92B in Q2 2026.
How has Polaris's long-term debt changed year-over-year?
Polaris's long-term debt increased by 37.6% year-over-year, from $1.39B to $1.92B.
What is the long-term trend for Polaris's long-term debt?
Over 3 years (2022 to 2025), Polaris's long-term debt has grown at a 0.0% compound annual growth rate (CAGR), from $1.5B to $1.5B.
What does long-term debt mean?
Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

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