Polaris/$PII
1D1W1MYTD1Y5YMAX
Capital at risk
About Polaris
Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational, utility, military, and commercial purposes, snowmobiles, and on-road vehicles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to pontoon and deck boat users. It is slated to divest its Indian motorcycle brand to Carolwood in the first quarter of 2026. Polaris products are retailed through more than 2,500 dealers in North America and 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.
- Ticker
- $PII
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 14,500
- Headquarters
- Medina, United States
- Website
- www.polaris.com
Polaris Metrics
BasicAdvanced
$3B
-
-$4.56
1.28
$2.71
5.19%
Price and volume
Market cap
$3B
Beta
1.28
52-week high
$77.98
52-week low
$47.14
Average daily volume
823K
Dividend rate
$2.71
Financial strength
Current ratio
1.2
Quick ratio
0.288
Long term debt to equity
2.378
Total debt to equity
2.32
Interest coverage (TTM)
1.66%
Profitability
EBITDA (TTM)
481.1
Gross margin (TTM)
21.95%
Net profit margin (TTM)
-3.46%
Operating margin (TTM)
2.97%
Effective tax rate (TTM)
11.49%
Revenue per employee (TTM)
$520,000
Management effectiveness
Return on assets (TTM)
2.64%
Return on equity (TTM)
-25.57%
Valuation
Price to revenue (TTM)
0.398
Price to book
3.56
Price to tangible book (TTM)
64.37
Price to free cash flow (TTM)
44.746
Free cash flow yield (TTM)
2.23%
Free cash flow per share (TTM)
1.171
Dividend yield (TTM)
5.17%
Forward dividend yield
5.19%
Growth
Revenue change (TTM)
7.99%
Earnings per share change (TTM)
139.09%
3-year revenue growth (CAGR)
-6.53%
10-year revenue growth (CAGR)
4.69%
3-year earnings per share growth (CAGR)
-24.88%
10-year earnings per share growth (CAGR)
-2.37%
3-year dividend per share growth (CAGR)
1.53%
10-year dividend per share growth (CAGR)
2.26%
What the Analysts think about Polaris
Analyst ratings (Buy, Hold, Sell) for Polaris stock.
Analyst projections of the future price of Polaris stock.
Bulls say / Bears say
Polaris gained ORV market share for a fifth straight quarter, with North American ORV retail up 5%; utility retail rose more than 10% and new RANGER cab models drove further share gains. Dealer inventory was down 8% year on year, suggesting growth is being matched to healthier channel stock rather than simply pushed into dealers. (Polaris, The Motley Fool)
The margin recovery is showing operational substance: Q2 operational gross margin expanded 82 basis points even excluding tariff refunds, as favourable mix, pricing and lean manufacturing offset $32 million of tariff costs. Polaris also says the Indian Motorcycle separation should add about $50 million to adjusted EBITDA, supporting further improvement. (Polaris, The Motley Fool)
Management raised 2026 sales guidance to $7.3 billion-$7.5 billion and adjusted EPS to $3.00-$3.10; excluding Indian Motorcycle, organic sales are expected to grow about 10%. Q2 growth was broad, with Powersports sales up 17% and Marine up 16%, giving the turnaround more than a single-product driver. (Polaris, StockTitan)
Reported Q2 adjusted EPS benefited by $74 million of tariff refunds, or about $0.96 per share; operational adjusted EPS was $1.01 versus reported $1.97. Polaris still expects about $215 million of tariff expense in 2026 and a $70 million commodity headwind, so the headline earnings rebound may overstate recurring profitability. (Polaris, The Motley Fool)
The recreational side remains a demand drag: management said inflation, borrowing costs and uncertainty continue to weigh on big-ticket purchases, while second-half retail is expected to be broadly flat. Pontoon retail was down high single digits and the industry was down about 9% through May, leaving Polaris exposed if utility strength does not spread. (Polaris)
Cash conversion is still weak: six-month operating cash flow was negative $90 million and adjusted free cash flow was negative $143.7 million, despite the reported return to profit. Financing obligations rose to about $1.95 billion against $318 million of cash and restricted cash, which limits room for a prolonged downturn. (StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.
Polaris Financial Performance
Revenues and expenses
Polaris Earnings Performance
Company profitability
Upcoming events
No upcoming events
Polaris News
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Funds containing Polaris
AllEURGBPUSD
Fund name | Fund size | $PII weighting |
|---|---|---|
iShares Ageing Population€AGED | €822M | 0.25% |
SPDR S&P US Dividend Aristocrats€SPYD | €3.3B | 0.12% |
SPDR S&P US Dividend Aristocrats£USDV | £2.8B | 0.12% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.10% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.08% |
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