Polaris Inc.
Polaris Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 282 | 138 | 336 | 324 | 292 | 288 | 291 | 323 | 319 | 368 | 295 | 340 | |||||
Accounts Receivable Net Current | 249 | 238 | 230 | 225 | 211 | 192 | 224 | 255 | 254 | 306 | 478 | 293 | |||||
Inventory Net | 1,568 | 1,412 | 1,697 | 1,698 | 1,748 | 1,742 | 1,999 | 2,001 | 1,953 | 1,811 | 2,052 | 2,024 | |||||
Prepaid Expense And Other Assets Current | 434 | 367 | 311 | 321 | 314 | 396 | 156 | 211 | 196 | 198 | 177 | 211 | |||||
Income Taxes Receivable | 36 | 2 | 29 | 45 | 29 | 15 | 58 | 11 | 11 | 9 | 41 | 20 | |||||
Assets Of Disposal Group Including Discontinued Op… | 22 | 50 | - | - | - | 0 | - | - | - | - | - | - | |||||
Assets Current | 2,590 | 2,207 | 2,603 | 2,613 | 2,594 | 2,632 | 2,728 | 2,800 | 2,733 | 2,692 | 3,043 | 2,888 | |||||
Property Plant And Equipment Net | 996 | 1,031 | 1,082 | 1,147 | 1,159 | 1,187 | 1,200 | 1,213 | 1,215 | 1,202 | 1,162 | 1,119 | |||||
Investments In Affiliates Subsidiaries Associates … | 134 | 132 | 128 | 143 | 141 | 137 | 140 | 142 | 140 | 141 | 110 | 99 | |||||
Deferred Income Tax Assets Net | 521 | 526 | 424 | 406 | 379 | 385 | 330 | 317 | 300 | 296 | 247 | 238 | |||||
Intangible Assets Net Including Goodwill | 795 | 800 | 875 | 881 | 933 | 936 | 958 | 960 | 900 | 906 | 907 | 903 | |||||
Operating Lease Right Of Use Asset | 113 | 121 | 119 | 125 | 124 | 127 | 132 | 137 | 144 | 144 | 132 | 120 | |||||
Other Assets Noncurrent | 93 | 79 | 76 | 74 | 120 | 121 | 142 | 139 | 137 | 136 | 133 | 103 | |||||
Assets | 5,242 | 4,894 | 5,305 | 5,388 | 5,450 | 5,525 | 5,630 | 5,709 | 5,567 | 5,516 | 5,733 | 5,470 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Long Term Debt And Capital Lease Obligations Curre… | 35 | 35 | 435 | 435 | 434 | 434 | 454 | 54 | 54 | 54 | 554 | 554 | |||||
Accounts Payable Current | 834 | 763 | 809 | 774 | 724 | 563 | 701 | 785 | 779 | 713 | 882 | 897 | |||||
Accrued Liabilities Current | 1,226 | 1,355 | 1,266 | 1,253 | 1,116 | 1,260 | 1,058 | 1,094 | 988 | 1,124 | 968 | 932 | |||||
Other Liabilities Current | 33 | 41 | 38 | 42 | 38 | 36 | 40 | 41 | 40 | 43 | 34 | 32 | |||||
Liabilities Of Disposal Group Including Discontinu… | 7 | 51 | - | - | - | 0 | - | - | - | - | - | - | |||||
Liabilities Current | 2,134 | 2,243 | 2,548 | 2,504 | 2,312 | 2,293 | 2,253 | 1,975 | 1,861 | 1,934 | 2,438 | 2,415 | |||||
Long Term Debt And Capital Lease Obligations | 2,056 | 1,505 | 1,300 | 1,392 | 1,621 | 1,638 | 1,726 | 2,089 | 2,014 | 1,854 | 1,656 | 1,508 | |||||
Other Liabilities Noncurrent | 291 | 306 | 298 | 298 | 282 | 293 | 297 | 293 | 301 | 297 | 293 | 282 | |||||
Liabilities | 4,481 | 4,054 | 4,145 | 4,194 | 4,215 | 4,225 | 4,275 | 4,357 | 4,176 | 4,085 | 4,387 | 4,205 | |||||
Temporary Equity Carrying Amount Including Portion… | 6 | 7 | 7 | 5 | 5 | 6 | 9 | 9 | 11 | 10 | 11 | 16 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital | 1,349 | 1,329 | 1,317 | 1,300 | 1,279 | 1,266 | 1,254 | 1,243 | 1,244 | 1,232 | 1,222 | 1,187 | |||||
Retained Earnings Accumulated Deficit | -560 | -469 | -127 | -72 | 45 | 149 | 173 | 183 | 197 | 244 | 191 | 122 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -39 | -32 | -41 | -44 | -98 | -126 | -86 | -88 | -64 | -58 | -80 | -63 | |||||
Stockholders Equity | 755 | 833 | 1,150 | 1,185 | 1,226 | 1,290 | 1,346 | 1,338 | 1,378 | 1,418 | 1,333 | 1,249 | |||||
Minority Interest | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 3 | 2 | 3 | 3 | |||||
Liabilities And Stockholders Equity | 5,242 | 4,894 | 5,305 | 5,388 | 5,450 | 5,525 | 5,630 | 5,709 | 5,567 | 5,516 | 5,733 | 5,470 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | |||||
Common Stock Shares Issued | 57 | 57 | 56 | 56 | 56 | 56 | 56 | 56 | 57 | 57 | 57 | 57 | |||||
Shares Outstanding | 57 | 57 | 56 | 56 | 56 | 56 | 56 | 56 | 57 | 57 | 57 | 57 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.05% | 8.40% | 11.20% | - | - | - | - | - | - | - | - | - |
| 2025 | 11.98% | 17.71% | 40.38% | -1.14% | -3.09% | 16.45% | -5.64% | 4.26% | 4.83% | -16.51% | -16.97% | 2.05% |
| 2024 | -2.49% | -10.22% | -5.00% | 5.83% | 5.19% | 4.34% | -7.48% | -11.78% | -24.24% | -7.09% | -24.85% | -20.17% |
| 2023 | - | - | - | -13.72% | -19.09% | -26.44% | 2.98% | 3.44% | -0.76% | 1.43% | 6.46% | -8.15% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.21 | 0.98 | 1.02 | 1.04 | 1.12 | 1.15 | 1.21 | 1.42 | 1.47 | 1.39 | 1.25 | 1.20 | |||||
| Quick Ratio | 0.28 | 0.19 | 0.23 | 0.24 | 0.23 | 0.22 | 0.25 | 0.30 | 0.31 | 0.35 | 0.33 | 0.27 | |||||
| Working Capital | 456.10M | -36.70M | 55.70M | 109.00M | 282.20M | 339.20M | 475.50M | 825.10M | 872.00M | 757.90M | 605.00M | 473.30M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 5.93 | 4.87 | 3.61 | 3.54 | 3.44 | 3.26 | 3.18 | 3.26 | 3.03 | 2.88 | 3.29 | 3.37 | |||||
| Interest Coverage TTM | -2.75 | -2.65 | 0.28 | 0.60 | 1.55 | 2.12 | 2.71 | 3.81 | 4.50 | 5.61 | 6.96 | 8.29 | |||||
| Debt Ratio | 0.85 | 0.83 | 0.78 | 0.78 | 0.77 | 0.76 | 0.76 | 0.76 | 0.75 | 0.74 | 0.77 | 0.77 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.36 | 1.37 | 1.28 | 1.24 | 1.27 | 1.30 | 1.36 | 1.47 | 1.56 | 1.66 | 1.67 | 1.71 | |||||
| Days Sales Outstanding TTM | 11.55 | 10.97 | 11.86 | 12.76 | 12.18 | 12.68 | 16.61 | 12.14 | 12.44 | 13.27 | 16.28 | 11.79 | |||||
| Receivables Turnover TTM | 31.61 | 33.28 | 30.77 | 28.60 | 29.97 | 28.78 | 21.98 | 30.06 | 29.35 | 27.52 | 22.42 | 30.97 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -7.77 | -8.18 | -2.65 | -1.88 | 0.71 | 1.96 | 3.60 | 5.75 | 6.87 | 8.71 | 10.30 | 10.89 | |||||
| Free Cash Flow Per Share TTM | 2.80 | 9.81 | 10.22 | 7.58 | 4.07 | 0.12 | 5.66 | 4.83 | 5.38 | 8.99 | 6.08 | 9.09 | |||||
| Dividend Per Share TTM | 2.64 | 2.64 | 2.64 | 2.61 | 2.60 | 2.61 | 2.62 | 2.61 | 2.59 | 2.58 | 2.58 | 2.59 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 20.05% | 19.14% | 19.22% | 19.18% | 19.81% | 20.44% | 20.57% | 21.13% | 21.45% | 21.94% | 22.72% | 23.04% | |||||
| Operating Profit Margin TTM | -4.83% | -4.88% | 0.53% | 1.21% | 3.09% | 4.05% | 4.77% | 6.10% | 6.82% | 7.84% | 9.01% | 9.50% | |||||
| Net Profit Margin TTM | -6.13% | -6.51% | -2.16% | -1.56% | 0.58% | 1.55% | 2.64% | 3.97% | 4.63% | 5.63% | 6.58% | 6.89% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 4.30% | -0.33% | -9.39% | -16.63% | -17.86% | -19.69% | -14.81% | -9.90% | -5.52% | 4.02% | 13.34% | 23.17% | |||||
| Net Income Growth (1Y) | -1,198.77% | -518.62% | -174.23% | -132.81% | -89.67% | -77.88% | -65.84% | -48.02% | -19.95% | 12.44% | 75.65% | 135.75% | |||||
| EPS Growth (1Y) | -1,189.20% | -515.67% | -173.31% | -132.58% | -89.67% | -77.64% | -65.35% | -47.47% | -19.24% | 16.77% | 82.43% | 146.88% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -6.94 | -7.57 | -21.25 | -20.67 | 54.02 | 27.15 | 21.14 | 12.34 | 13.11 | 9.66 | 8.89 | 9.73 | |||||
| P/B TTM | 4.10 | 4.23 | 2.79 | 1.87 | 1.79 | 2.33 | 3.19 | 3.02 | 3.74 | 3.42 | 3.97 | 4.91 | |||||
| P/S TTM | 0.43 | 0.49 | 0.46 | 0.32 | 0.31 | 0.42 | 0.56 | 0.49 | 0.61 | 0.54 | 0.58 | 0.67 | |||||
| Market Cap | 3.10B | 3.52B | 3.21B | 2.22B | 2.19B | 3.02B | 4.30B | 4.04B | 5.15B | 4.86B | 5.29B | 6.13B | |||||
| Enterprise Value | 4.89B | 4.93B | 4.59B | 3.71B | 3.94B | 4.79B | 6.17B | 5.85B | 6.89B | 6.38B | 7.19B | 7.83B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 160.60M | 558.10M | 581.40M | 432.30M | 231.60M | 6.50M | 318.10M | 273.10M | 305.90M | 513.20M | 346.30M | 520.10M | |||||
| Net Debt | 1.79B | 1.40B | 1.38B | 1.49B | 1.75B | 1.77B | 1.87B | 1.81B | 1.73B | 1.53B | 1.90B | 1.71B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
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| EV FCF TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Polaris Inc. (PII) — SEC Financial Statements & Analysis
Polaris Inc. (PII) is a miscellaneous transportation equipment company, incorporated in DE. Polaris Inc. trades on NYSE as: PII. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Polaris Inc. reported a 4.30% year-over-year revenue growth, a Gross Profit Margin of 20.05% (TTM), a Debt-to-Equity ratio of 5.93x, a Price-to-Sales (P/S) ratio of 0.43x (TTM), a Price-to-Book (P/B) ratio of 4.10x (TTM), at a market cap of $3.10B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 4.30%
- Gross Profit Margin TTM
- 20.05%
- Debt To Equity
- 5.93x
- P/S TTM
- 0.43x
- P/B TTM
- 4.10x
- Market Cap
- $3.10B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Polaris Inc. in?
Polaris Inc. (PII) operates in the Miscellaneous Transportation Equipment industry.
What is PII's market cap?
Polaris Inc. (PII) has a market capitalization of $3.10B as of 2026-03-31.
What exchange does PII trade on?
Polaris Inc. (PII) trades on the NYSE.
Where is Polaris Inc. incorporated?
Polaris Inc. is incorporated in DE.