Polaris/$PII

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About Polaris

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to another segment of the outdoor lifestyle market. 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

Primary listing

NYSE

Employees

15,000

Polaris Metrics

BasicAdvanced
$3.2B
-
-$1.91
1.04
$2.66
4.68%

What the Analysts think about Polaris

Analyst ratings (Buy, Hold, Sell) for Polaris stock.

Bulls say / Bears say

Polaris gained share in core categories in Q2, increasing its market share in off-road vehicles, motorcycles, and marine, outperforming the overall powersports market (SEC.gov).
The company generated free cash flow of $344 million in Q2, substantially surpassing analyst projections of $50 million, enhancing its liquidity and financial flexibility (Barron's).
Polaris introduced the Ranger 500, an entry-level side-by-side vehicle starting at $9,099, aiming to address nearly 50% of the utility vehicle market, broadening its customer base and supporting future volume growth (Barron's).
Polaris’s second-quarter sales declined 6% year-over-year to $1.853 billion, due to intentional shipment reductions, unfavorable product mix, and decreased net pricing from increased promotional activity (SEC.gov).
Gross margins remain under pressure, as gross profit margin shrank by 223 basis points to 19.4%, and adjusted EBITDA margin fell to 6.4%, driven by heightened promotions and product mix challenges (SEC.gov).
Management anticipates additional tariff-related costs of $30–$40 million per quarter, after accounting for inventory deferrals, which will continue to impact financial results without further action (Motley Fool).
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 2025.

Polaris Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Polaris Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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