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Polaris PII Operating Income

Operating Income at other companies

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$18.34M+150%

Other financials

Income statement

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Revenue$2.0B+9.2%
Gross profit$478.3M+33.2%
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:OperatingIncomeLoss.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
(Gain) loss on disposal groups(2.5)29.1
Total operating expenses346.3394.9736.3698.1
Income from financial services16.822.832.944.9
Operating income (loss)148.8(12.9)109.7(49.0)
Non-operating expense:
Interest expense33.733.264.167.3
Other (income) expense, net(18.3)46.5(30.1)47.4
Income (loss) before income taxes133.4(92.6)75.7(163.7)

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's operating income?
Polaris (PII) reported operating income of $148.8M in Q2 2026.
How has Polaris's operating income changed year-over-year?
Polaris's operating income increased by 1253.5% year-over-year, from -$12.9M to $148.8M.
What is the long-term trend for Polaris's operating income?
Over 4 years (2021 to 2025), Polaris's operating income has grown at a -16.3% compound annual growth rate (CAGR), from $709M to -$348.7M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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