Polaris Inc. (PII)
Consumer Cyclical · Recreational Vehicles · NYSE
Polaris Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.52B | $5.43B | $6.08B | $6.78B | $6.28B | $7.44B | $8.59B | $8.93B | $7.17B | $7.14B |
| Gross profit | $1.11B | $1.32B | $1.50B | $1.65B | $1.54B | $1.75B | $1.96B | $1.96B | $1.47B | $1.37B |
| Net income | $212.95M | $172.49M | $335.30M | $324.00M | $124.80M | $493.90M | $447.10M | $502.80M | $110.80M | $-465.50M |
| Net margin | 4.7% | 3.2% | 5.5% | 4.8% | 2.0% | 6.6% | 5.2% | 5.6% | 1.5% | -6.5% |
Source: Polaris Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into PII stock?
At today's market cap of $3.79B, Polaris Inc. is priced for free-cash-flow growth of about -7.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $558.10M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.3%/yr over the last five fiscal years and revenue 2.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Polaris Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Polaris Inc. financial history by metric
About Polaris Inc.
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; moto-roadsters; quadricycles; and pontoon and deck boats. It also provides source parts, garments, and accessories, such as helmets, jackets, gloves, pants, and hats; and snowmobile accessories comprising covers, traction products, reverse kits, electric starters, tracks, pull-behinds, bags, and windshields, as well as gear and apparel for its snowmobiles consisting of helmets, jackets, goggles, gloves, boots, bibs, pants, and hats. In addition, the company offers ORV accessories, including winches, bumper/brushguards, plows, racks, wheels and tires, cab systems, lighting and audio systems, cargo box accessories, and tracks, as well as replacement parts and lubricants. Further, it provides motorcycle accessories, such as performance enhancements, saddle bags, handlebars, backrests, exhausts, windshields, seats, and various chrome accessories, as well as light duty hauling and passenger vehicles. The company sells its products through dealers and distributors, as well as online. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.
Polaris Inc. — frequently asked questions
What is Polaris Inc.'s revenue?
Polaris Inc. (PII) reported revenue of $7.14B for fiscal year 2025, down 0.4% from the prior year, according to its SEC filings.
Is Polaris Inc. profitable?
No — PII reported a net loss of $-465.50M in fiscal 2025.
What is PII's P/E ratio?
Polaris Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Polaris Inc. growing?
PII's revenue grew at roughly 2.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Polaris Inc. have?
As of fiscal year 2025, PII carried roughly $1.51B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Polaris Inc.'s gross margin?
PII's gross margin was 19.2% in fiscal 2025 — gross profit of $1.37B on revenue of $7.14B.
What is Polaris Inc.'s market cap?
Polaris Inc. (PII) has a market capitalization of about $3.79B, based on the latest data in our nightly-refreshed cache.
When does Polaris Inc.'s fiscal year end?
PII's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PII stock?
At today's market cap of $3.79B, Polaris Inc. is priced for free-cash-flow growth of about -7.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $558.10M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.3%/yr over the last five fiscal years and revenue 2.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Polaris Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.