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Polaris PII PP&E (Net)

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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:PropertyPlantAndEquipmentNet.

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
Income taxes receivable29.32.0
Current assets held for sale25.049.8
Total current assets2,567.72,206.6
Property and equipment, net975.51,030.6
Investment in finance affiliate130.6131.5
Deferred tax assets530.7525.5
Goodwill and other intangible assets, net790.2800.0
Operating lease assets106.6121.0

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's PP&E (net)?
Polaris (PII) reported PP&E (net) of $975.5M in Q2 2026.
How has Polaris's PP&E (net) changed year-over-year?
Polaris's PP&E (net) decreased by 15.0% year-over-year, from $1.15B to $975.5M.
What is the long-term trend for Polaris's PP&E (net)?
Over 5 years (2020 to 2025), Polaris's PP&E (net) has grown at a 3.0% compound annual growth rate (CAGR), from $888.8M to $1.03B.
What does PP&E (net) mean?
Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

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