
Polaris Inc.
NYSE•PII
CEO: Mr. Michael T. Speetzen
Sector: Consumer Cyclical
Industry: Auto - Recreational Vehicles
Listing Date: 1987-09-16
Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats. It also provides ORV accessories comprising winches, bumper/brushguards, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil; snowmobile accessories, which include covers, traction products, reverse kits, electric starters, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, such as saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers light duty hauling and passenger vehicles; gear and apparel, such as helmets, goggles, jackets, gloves, boots, bibs, hats, pants, and leathers; and pontoon and deck boats. The company provides its products through dealers and distributors, and online; and retail and e-commerce marketplaces. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.
Contact Information
Market Cap
$3.82B
P/E (TTM)
-25.6
10.6
Dividend Yield
3.9%
52W High
$75.25
52W Low
$30.92
52W Range
Rank36Top 23.7%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.84B+6.92%
4-Quarter Trend
EPS
-$0.28-157.14%
4-Quarter Trend
FCF
$116.70M-346.72%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Quarterly Sales Increased Seven Percent Q3 Sales reached $1,841.6M USD, marking a 7% increase driven by favorable product mix, partially offset by shipment decreases.
Gross Profit Margin Stable Gross profit margin remained steady at 20.6% for the quarter, reflecting 7% growth in gross profit to $380.3M USD.
Significant Impairment Charges Recorded $42.3M USD long-lived asset impairment in On Road segment; YTD goodwill impairment totaled $52.6M USD.
Net Loss Attributable Polaris Net loss attributable to Polaris was $(15.8)M USD for Q3 2025, a reversal from $27.7M USD net income prior year.
Risk Factors
Year-to-Date Profitability Declined Nine-month gross profit fell 11% to $984.5M USD; gross margin dropped 164 basis points to 18.8% due to tariffs.
Major Indian Motorcycle Charges Expect $275M to $325M USD pre-tax charges related to the planned sale of the Indian Motorcycle business in Q1 2026.
Operating Income Decreased Sharply Q3 operating income fell 69% to $20.4M USD, impacted by impairment charges and increased incentive compensation costs.
Tariff and Supply Chain Risks Ongoing tariff environment and supply chain challenges may negatively affect profitability for fiscal year 2025 operations.
Outlook
Indian Motorcycle Sale Planned Definitive agreement signed to sell majority stake in Indian Motorcycle business, closing expected in Q1 2026 subject to conditions.
Share Repurchase Authorization No shares repurchased in 9M 2025; Board authorized an additional $1.1B USD for future common stock repurchases.
Liquidity Remains Sufficient Existing cash balances and credit facility capacity are believed sufficient to fund operations and capital requirements for next 12 months.
Debt Covenants Compliance Maintained Company remained in compliance with all debt covenants as of September 30, 2025, with debt to total capital ratio at 60 percent.
Peer Comparison
Revenue (TTM)
WHR$15.57B
$8.82B
RUSHA$7.67B
Gross Margin (Latest Quarter)
TNL97.5%
56.3%
27.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| DOOO | $5.65B | -207.5 | -8.7% | 48.3% |
| SKY | $4.91B | 22.2 | 14.3% | 1.1% |
| BC | $4.81B | -20.5 | -13.1% | 40.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 27, 2026
EPS:$0.07
|Revenue:$1.82B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 28, 2025|Revenue: $1.84B+6.9%|EPS: $-0.28-157.1%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 29, 2025|Revenue: $1.85B-5.5%|EPS: $-1.39-214.9%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $1.54B-11.6%|EPS: $-1.17-1851.5%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 18, 2025|Revenue: $7.18B-19.7%|EPS: $1.96-77.8%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 22, 2024|Revenue: $1.72B-23.4%|EPS: $0.49-81.6%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 23, 2024|Revenue: $1.96B-11.5%|EPS: $1.21-48.5%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 23, 2024|Revenue: $1.74B-20.3%|EPS: $0.07-96.6%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 16, 2024|Revenue: $8.93B+4.0%|EPS: $8.81-11.4%Beat