Polaris Inc. logo PII - Polaris Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 24
SELL 0
STRONG
SELL
0
| PRICE TARGET: $72.00 DETAILS
HIGH: $83.00
LOW: $66.00
MEDIAN: $67.00
CONSENSUS: $72.00
UPSIDE: 6.15%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 7,152 7,175.4 8,934.4 8,589 7,439.2 7,027.9 6,782.5 6,078.5 5,428.5 4,516.6 4,719.3 4,479.6 3,777.1 3,209.8 2,656.9 1,991.1 1,565.9 1,948.3 1,780.0 1,656.5 1,869.8 1,773.2 1,605.9 1,521.3 1,512.0 1,425.7 1,321.1 1,175.5 1,048.3 1,191.9 1,113.9 826.3 528
Cost of Revenue 5,827.4 5,771.5 7,028.4 6,680.8 5,742.6 5,401.1 5,210.2 4,653.4 4,020.2 3,414.2 3,381.8 3,155.8 2,656.3 2,284.1 1,915.1 1,460.9 1,172.7 1,502.5 1,387.0 1,297.2 1,458.8 1,348.9 1,245.9 1,189.0 1,167.7 1,050.6 953.5 861 752.6 925.8 862.9 624.4 371.5
Gross Profit 1,324.6 1,403.9 1,906 1,908.2 1,696.6 1,626.8 1,572.3 1,425.2 1,408.3 1,102.4 1,337.5 1,323.8 1,120.8 925.7 741.9 530.2 393.2 445.7 393.0 359.4 411.0 424.3 360.0 332.3 344.4 375.1 367.6 314.5 295.7 266.1 251 201.9 156.5
Operating Expenses
R&D Expenses 371.9 336.9 374.3 366.7 328.7 295.6 292.9 259.7 238.3 185.1 166.5 148.5 139.2 127.4 105.6 84.9 63.0 77.5 73.6 73.9 71.0 60.7 51.8 45.5 35.7 32.4 31.3 28.4 0 0 0 0 0
SG&A Expenses 981 846.6 902.5 787.5 710.2 817.7 877.5 661.2 624.1 453.7 452.0 517.7 449.7 353.4 309.1 241.4 182.3 206.6 188.7 164.5 173.7 184.0 165.1 148.4 178.8 173.9 183.4 149.8 169.4 138.1 126.5 81 77.4
Other Expenses 0 0 0 0 0 0 0 105.0 145.7 195.0 73.7 0 0 0 0 0 0 0 0 0 (38.6) 0 (23.6) (14.6) 0 47.0 39.3 36.2 33.2 30.6 22.8 23.7 25.9
Operating Expenses 1,352.9 1,183.5 1,276.8 1,154.2 1,038.9 1,113.3 1,170.5 1,025.9 1,008.1 833.8 692.2 666.2 588.9 480.8 414.8 326.3 245.3 284.1 262.3 238.4 206.0 244.7 193.3 179.3 214.6 253.3 254 214.4 202.6 168.7 149.3 104.7 103.3
Operating Income
Operating Income (28.3) 220.4 629.2 754 657.7 513.5 401.9 399.3 400.2 268.6 645.3 657.7 531.9 444.9 327.1 203.9 147.9 161.6 130.8 121.0 205.0 179.6 166.7 152.9 129.8 121.8 113.6 100.1 93.1 97.4 101.7 97.2 53.2
Interest Expense 132.8 142.3 133.8 72.7 36.1 60.6 76.7 57.0 32.2 16.3 11.5 11.2 6.2 5.9 3.8 2.7 4.1 9.6 15.1 9.8 4.7 2.1 2.5 2.4 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (114) 569.4 1,013.1 1,066.9 881.2 462.7 719.0 697.3 542.1 497.1 849.3 838.1 672.7 556.4 416.9 287.7 219.9 252.8 247.5 244.7 271.5 265.6 232.6 220.2 182.4 182.9 152.9 136.3 126.3 128 124.5 120.9 79.1
EBIT (399.9) 283.1 754.2 834.1 664.8 202 484.5 486.2 350.9 329.6 697.2 710.6 580.6 485.8 350.5 221.2 155.3 186.7 185.4 173.6 203.6 206.3 179.9 164.4 129.8 135.9 113.6 100.1 93.1 97.4 101.7 97.2 53.2
Income Before Tax (532.7) 140.8 620.4 761.4 628.7 141.4 407.8 429.2 318.8 313.3 685.7 699.3 574.4 479.8 346.6 218.5 151.2 177.1 170.3 163.8 198.9 204.2 164.3 154.2 139.6 128.4 118.3 48.3 102.2 97.3 98.8 141 53.3
Income Tax Expense (67.9) 29.6 117.7 158 132.1 16.5 83.9 94.0 146.3 100.3 230.4 245.3 193.4 167.5 119.1 71.4 50.2 59.7 57.7 51.0 61.1 67.4 53.4 50.6 48.1 45.6 42 17.3 36.8 35 38 12 7.5
Net Income (465.5) 110.8 502.8 589.7 493.9 124.8 324.0 335.3 172.5 212.9 455.4 454.0 377.3 312.3 227.6 147.1 101.0 117.4 111.7 112.0 136.7 128.4 110.9 103.6 91.4 82.8 76.3 31 65.4 62.3 60.8 129 45.8
Per Share Data
EPS (Basic) -8.18 1.96 8.81 9.94 8.06 2.02 5.27 5.36 2.74 3.31 6.90 6.86 5.51 4.54 3.31 2.20 1.56 1.79 1.59 1.33 1.62 1.17 1.28 1.16 1.00 0.88 0.77 0.30 0.61 0.56 0.55 1.17 0.38
EPS (Diluted) -8.18 1.95 8.71 9.81 7.88 1.99 5.20 5.25 2.69 3.27 6.75 6.65 5.35 4.40 3.20 2.14 1.53 1.75 1.54 1.29 1.56 1.13 1.19 1.06 0.93 0.84 0.77 0.30 0.61 0.56 0.55 1.17 0.38
Shares Outstanding 56.9 56.5 57.1 59.3 61.3 61.9 61.4 62.5 62.9 64.3 66.0 66.2 68.5 68.8 68.8 66.9 64.8 65.5 70.5 80.6 84.3 84.7 85.9 89.6 91.9 94.2 98.9 103.3 106.8 111.4 111.2 110.5 121.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 138 287.8 367.8 324.5 502.3 634.7 157.1 161.2 138.3 127.3 140.2 27.1 138.5 82.8 81.2 40.5 2.4 6.2 1.5 1.2 5.8 3.5 62.9 33.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 239.5 207.4 315.4 363.3 231.9 261.1 222.9 233.6 229.7 225.5 90.4 103.1 71.2 50.6 51.0 56.1 56.1 53.3 43 42.6 36.2 40.4 29.7 21.3
Inventory 1,412.4 1,741.5 1,810.5 1,896.1 1,510.7 1,177.6 1,121.1 969.5 784.0 746.5 179.3 222.3 173.6 166.9 155.9 152.7 143.5 118.1 107.4 139.5 122.9 104.6 88.7 52.1
Other Current Assets 416.7 395.7 198 183.7 153.6 0 0 0 0 0 60.9 76.1 70.3 76.7 45.5 45.7 34 37.1 31.9 34.2 28.5 27.3 25.2 2.5
Total Current Assets 2,206.6 2,632.4 2,691.7 2,767.6 2,559 2,207.5 1,627 1,485.7 1,253.5 1,191.0 491.5 443.6 465.7 387.7 343.7 305.3 240.9 214.7 183.8 217.5 193.4 175.8 206.5 109.7
Non-Current Assets
Property, Plant & Equipment 1,151.6 1,313.9 1,345.4 1,129.4 1,018.2 1,014.2 1,010 843.1 747.2 727.6 194.4 215.6 200.9 171.7 169.6 170.3 167.9 150.9 124.3 98 93.5 78.5 53.7 39.7
Goodwill 0 393.5 394.4 386.2 391.3 397.3 659.9 647.1 433.4 421.6 25.9 24.7 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 800 542.7 512 524.4 543.9 686.4 830.3 870.5 347.2 371.4 0 0 28.0 27.6 27.8 27.2 24.6 22.1 23 23.5 24.4 25.2 26 31.1
Long-Term Investments 131.5 136.7 141.1 93.1 49.3 59.4 110.6 92.1 88.8 94.0 51.9 67.2 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 78.5 121.4 135.8 106.7 323.2 90.2 99.4 99.0 104.0 105.6 0 0 98.4 84.3 65.2 53.0 56.9 54.3 47.6 45.7 40.4 34.9 45 0
Total Non-Current Assets 2,687.1 2,892.8 2,824.6 2,450.3 2,488.8 2,425.2 2,803.5 2,639.2 1,836.1 1,908.6 272.2 307.5 327.3 283.6 265.0 259.8 249.3 227.3 194.9 167.2 158.3 138.6 124.7 70.8
Total Assets 4,893.7 5,525.2 5,516.3 5,217.9 5,047.8 4,632.7 4,430.5 4,124.9 3,089.6 3,099.6 763.7 751.1 792.9 671.4 608.6 565.2 490.2 442 378.7 384.7 351.7 314.4 331.2 180.5
Current Liabilities
Account Payables 762.5 562.8 713.1 847.6 776 782.2 450.2 346.3 317.4 273.7 75.7 116.0 96.3 63.0 88.5 101.6 89.5 91.8 77.3 61 50.5 57.4 58.9 36.1
Short-Term Debt 34.8 434.3 54 553.6 553.3 142.1 166.7 66.5 47.7 3.8 0 0 0 0 0 0 0 0 0 0 0 40.2 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,446 145.9 212.7 212.3 107.8 356.2 320.7 289.7 291.9 241.5 163.0 175.9 56.2 32.1 20.4 15.9 148.9 142 127.7 130.1 110.9 98.3 102.6 62
Total Current Liabilities 2,243.3 2,293.2 1,933.8 2,328.6 2,230.1 1,889.4 1,528 1,197.4 1,130.3 959.8 343.1 404.8 405.2 330.5 313.5 308.3 238.4 233.8 205 191.1 161.4 195.9 161.5 98.1
Non-Current Liabilities
Long-Term Debt 1,504.7 1,638.1 1,854.4 1,504.2 1,235.3 1,293.9 1,512 1,879.9 846.9 1,120.5 200 200 18 18.0 18.0 18.0 47.1 40 20.5 24.4 35 0 0 0
Deferred Tax Liabilities 0 6.1 2.7 4.6 5.5 4.4 4 6.5 10.1 9.1 11.1 4.2 8 3.5 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 306.1 194 189.5 192 267.2 193.2 185.6 158.0 152.2 125.6 5.0 5.1 0 0 0 0 0 0 0 0 0 0 0 (0.1)
Total Non-Current Liabilities 1,810.8 1,937.9 2,161.7 1,787.8 1,591.4 1,598.5 1,794.3 2,060.5 1,027.6 1,272.8 216.0 209.3 26 21.5 18.0 18.0 47.1 40 20.5 24.4 35 0 0 (0.1)
Total Liabilities 4,054.1 4,231.1 4,095.5 4,116.4 3,821.5 3,487.9 3,322.3 3,257.9 2,157.9 2,232.6 559.1 614.1 431.2 352.0 331.5 326.4 285.5 273.8 225.5 215.5 196.4 195.9 161.5 98
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.3 0.3 0.4 0.4 0.2 0.2 0.2 0.2 0 0 0 0 0 0
Retained Earnings (469) 148.9 243.5 33.8 157.3 218.4 287.3 121.1 242.8 300.1 191.4 140.6 366.3 330.2 289.7 248.6 207.6 160.8 104.2 91.8 43.4 (2.5) 53.3 (0.5)
Accumulated Other Comprehensive Income (32.1) (125.5) (57.5) (87.5) (77.4) (58.4) (72.7) (63.0) (45.6) (83.8) 2.8 (3.9) (5.0) (11.3) (12.8) (10.1) (3.1) (1.8) 0 0 0 0 0 0
Total Stockholders' Equity 828.4 1,289.9 1,418.4 1,099 1,224.3 1,144.5 1,108 866.7 931.7 867.0 204.5 137.0 361.7 319.4 277.1 238.8 204.7 168.2 153.2 169.2 155.3 118.5 169.7 82.5
Total Liabilities & Equity 4,887 5,525.2 5,516.3 5,217.9 5,047.8 4,632.7 4,430.5 4,124.9 3,089.6 3,099.6 763.7 751.1 792.9 671.4 608.6 565.2 490.2 442 378.7 384.7 351.7 314.4 331.2 180.5
Debt Metrics
Total Debt 1,539.5 2,200.9 2,053 2,168.9 1,891.4 1,577.7 1,806.3 1,962.6 913.0 1,141.9 200 200 18 18.0 18.0 18.0 47.1 40 20.5 24.4 35 40.2 0 0
Net Debt 1,401.5 1,913.1 1,685.2 1,844.4 1,389.1 943 1,649.2 1,801.4 774.7 1,014.6 59.8 172.9 (120.5) (64.8) (63.2) (22.5) 44.7 33.8 19 23.2 29.2 36.7 (62.9) (33.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income (464.8) 111.2 502.8 603.4 494.3 124.9 323.9 335.3 172.5 212.9 143.3 104.5 110.9 103.6 91.4 82.8 76.3 31 65.4 62.3 60.8 129 45.8
Depreciation & Amortization 286.5 286.3 258.9 232.8 237.1 260.7 234.5 211.0 191.1 167.5 67.9 59.3 54.8 57.5 52.5 47.0 39.3 36.2 33.2 30.6 22.8 23.7 25.9
Stock-Based Compensation 59.9 49.2 57.4 62.9 60.6 65.3 75.0 64.0 50.1 57.9 12.4 16.5 16.2 16.2 0 0 0 0 0 0 0 0 0
Change in Working Capital 552.4 (67.6) 235.9 (300.1) (547.7) 288.8 58.5 (142.2) 90.9 179.7 (33.2) 45.7 (6.8) 17.4 51.4 (21.2) 5.9 49.2 6.8 (8.4) (19.6) 17.4 7.6
Other Non-Cash Items 446.1 (24.2) (42.4) (41.5) 34.2 362.6 (27.3) (14.4) 1.8 (16.7) (31.6) 22.3 (11.2) (9.2) 3.0 (2.5) 9.6 0 (3.1) 4.6 (2.4) (2.7) 0
Operating Cash Flow 741 268.2 925.8 508.6 293.7 1,018.6 655.0 477.1 580.0 571.8 161.5 246.8 155.8 192.8 188.6 107.7 124.4 121.4 102.3 89.1 76.4 111.7 79.3
Investing Activities
Capital Expenditure (182.9) (261.7) (412.6) (306.6) (298.3) (213.9) (251.4) (225.4) (184.4) (209.1) (89.8) (88.8) (61.4) (56.6) (54.0) (63.1) (65.1) (61.5) (36.8) (44.9) (46.7) (32.5) (18.1)
Acquisitions 0 0 (22.7) (12.7) (5.6) 63.2 12.1 (734.1) 33.3 (700.1) 0 0 0 (0.7) 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (85.5) (65.6) (37.2) (17.0) (13.4) (25.9) (20.2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 85.5 81.1 (16.4) 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 43.4 (9.2) (26.7) (5.3) (15.5) 53.6 12.1 25.7 33.3 23.6 (31.4) (8.4) (5.1) (3.0) 1.2 3.8 (1.9) 0.6 (2.6) (6.7) 0 0 0
Investing Cash Flow (139.5) (270.9) (462) (324.6) (303.9) (150.7) (239.3) (959.5) (151.1) (909.3) (121.1) (97.2) (66.5) (60.3) (52.8) (59.2) (67) (60.9) (39.4) (51.6) (46.7) (32.5) (18.1)
Financing Activities
Net Debt Issuance (543.6) 165.8 (158.2) 257.7 351.3 (246.2) (270.0) 973.7 (234.5) 679.4 0 (0.0) (0.0) (0.0) (29.0) 7.1 19.5 (3.9) (10.6) (5.2) 40.2 0 0
Stock Repurchased (2.4) (82.7) (178.6) (505) (461.6) (50.3) (8.4) (348.7) (90.5) (245.8) (132.3) (66.8) (73.1) (76.4) (49.2) (39.6) (52.4) (37.7) (39.9) (13.6) 0 0 0
Dividends Paid (150.3) (147.7) (147.3) (150) (153.4) (152.5) (149.1) (149.0) (145.4) (140.3) (47.0) (38.9) (26.7) (25.3) (22.8) (20.6) (19.7) (18.6) (17) (16.4) (129.3) (50.1) (46.5)
Other Financing Activities (0.4) 5.4 52.8 34.1 156.1 33.6 15.7 47.5 42.7 21.3 15.2 0 0 0 3.4 0.9 0.0 0 0 0 (0.1) 0 0
Financing Cash Flow (693) (59.2) (431.3) (363.2) (107.6) (415.4) (411.8) 523.4 (427.7) 314.5 (159.2) (93.9) (87.7) (91.8) (97.7) (52.3) (52.6) (60.2) (67.5) (35.2) (89.2) (50.1) (46.5)
Cash Position
Net Change in Cash (66.7) (79.9) 43.2 (189.4) (128.4) 461.2 3.2 31.5 11.0 (28.0) (118.8) 55.7 1.6 40.7 38.2 (3.8) 4.7 0.3 (4.6) 2.3 (59.5) (50.1) (46.5)
Cash at Beginning 303 382.9 339.7 529.1 657.5 196.3 193.1 161.6 127.3 155.3 138.5 82.8 81.2 40.5 2.4 6.2 1.5 1.2 5.8 3.5 62.9 33.8 19.1
Cash at End 236.3 303 382.9 339.7 529.1 657.5 196.3 193.1 138.3 127.3 19.7 138.5 82.8 81.2 40.5 2.4 6.2 1.5 1.2 5.8 3.4 (16.3) (27.4)
Free Cash Flow 558.1 6.5 513.2 202 (4.6) 804.7 403.7 251.7 395.6 362.6 71.8 158.0 94.3 136.2 134.6 44.6 59.3 59.9 65.5 44.2 29.7 79.2 61.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 7,152 7,175.4 8,934.4 8,589 7,439.2 7,027.9 6,782.5 6,078.5 5,428.5 4,516.6 4,719.3 4,479.6 3,777.1 3,209.8 2,656.9 1,991.1 1,565.9 1,948.3 1,780.0 1,656.5 1,869.8 1,773.2 1,605.9 1,521.3 1,512.0 1,425.7 1,321.1 1,175.5 1,048.3 1,191.9 1,113.9 826.3 528
Gross Profit 1,324.6 1,403.9 1,906 1,908.2 1,696.6 1,626.8 1,572.3 1,425.2 1,408.3 1,102.4 1,337.5 1,323.8 1,120.8 925.7 741.9 530.2 393.2 445.7 393.0 359.4 411.0 424.3 360.0 332.3 344.4 375.1 367.6 314.5 295.7 266.1 251 201.9 156.5
Operating Income (28.3) 220.4 629.2 754 657.7 513.5 401.9 399.3 400.2 268.6 645.3 657.7 531.9 444.9 327.1 203.9 147.9 161.6 130.8 121.0 205.0 179.6 166.7 152.9 129.8 121.8 113.6 100.1 93.1 97.4 101.7 97.2 53.2
Net Income (465.5) 110.8 502.8 589.7 493.9 124.8 324.0 335.3 172.5 212.9 455.4 454.0 377.3 312.3 227.6 147.1 101.0 117.4 111.7 112.0 136.7 128.4 110.9 103.6 91.4 82.8 76.3 31 65.4 62.3 60.8 129 45.8
EPS (Diluted) -8.18 1.95 8.71 9.81 7.88 1.99 5.20 5.25 2.69 3.27 6.75 6.65 5.35 4.40 3.20 2.14 1.53 1.75 1.54 1.29 1.56 1.13 1.19 1.06 0.93 0.84 0.77 0.30 0.61 0.56 0.55 1.17 0.38
Balance Sheet
Cash & Equivalents 138 287.8 367.8 324.5 502.3 634.7 157.1 161.2 138.3 127.3 140.2 27.1 138.5 82.8 81.2 40.5 2.4 6.2 1.5 1.2 5.8 3.5 62.9 33.8
Total Assets 4,893.7 5,525.2 5,516.3 5,217.9 5,047.8 4,632.7 4,430.5 4,124.9 3,089.6 3,099.6 763.7 751.1 792.9 671.4 608.6 565.2 490.2 442 378.7 384.7 351.7 314.4 331.2 180.5
Total Debt 1,539.5 2,200.9 2,053 2,168.9 1,891.4 1,577.7 1,806.3 1,962.6 913.0 1,141.9 200 200 18 18.0 18.0 18.0 47.1 40 20.5 24.4 35 40.2 0 0
Stockholders' Equity 828.4 1,289.9 1,418.4 1,099 1,224.3 1,144.5 1,108 866.7 931.7 867.0 204.5 137.0 361.7 319.4 277.1 238.8 204.7 168.2 153.2 169.2 155.3 118.5 169.7 82.5
Cash Flow
Operating Cash Flow 741 268.2 925.8 508.6 293.7 1,018.6 655.0 477.1 580.0 571.8 161.5 246.8 155.8 192.8 188.6 107.7 124.4 121.4 102.3 89.1 76.4 111.7 79.3
Capital Expenditure (182.9) (261.7) (412.6) (306.6) (298.3) (213.9) (251.4) (225.4) (184.4) (209.1) (89.8) (88.8) (61.4) (56.6) (54.0) (63.1) (65.1) (61.5) (36.8) (44.9) (46.7) (32.5) (18.1)
Free Cash Flow 558.1 6.5 513.2 202 (4.6) 804.7 403.7 251.7 395.6 362.6 71.8 158.0 94.3 136.2 134.6 44.6 59.3 59.9 65.5 44.2 29.7 79.2 61.2