Polaris Inc.

Polaris Inc.

PIIยทNYSE

$68.32

+0.35%
Consumer CyclicalAuto - Recreational Vehicles

Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. 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; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles. It also provides quadricycles and moto-roadsters; ORV accessories comprising winches, bumper, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil; snowmobile accessories, which include covers, traction products, electric starters, reverse kits, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, such as saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers gear and apparel, such as helmets, jackets, gloves, pants, hats, goggles, boots, bibs, and leathers; and pontoon and deck boats. The company provides its products through dealers and distributors, and online; and aftermarket parts, garments, and accessories through 101 brick-and-mortar retail centers, call centers, and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.

At a Glance

Live Snapshot
Market Cap$3.89B
EPS-8.1800
P/E Ratio-8.35
Earnings Date07/27/2026
3Y+46.0%
5Y-27.0%
10Y+30.0%
3Y-57.0%
5Y-7.0%
10Y-85.0%
3Y+91.0%
5Y+67.0%
10Y-320.0%
PII

Polaris Inc. Cash Conversion Engine

PII ยท NYSE
Net Income-464.80M
Depreciation & Amortization286.50M
Stock-Based Compensation59.90M
Change in Working Capital552.40M
Others446.10M
Capital Expenditures-182.90M
Free Cash Flow558.10M

Cash Flow Quality Analysis

FCF Conversion Rate

-120.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

24.7%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+8486.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$552.40M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Polaris Inc. Cash Flow Statement

PII โ€ข NYSE

Polaris Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-464.8M
111.2M
502.8M
603.4M
494.3M
124.9M
323.9M
335.3M
172.5M
212.9M
455.4M
454M
381.1M
312.3M
227.6M
147.1M
101M
117.4M
111.7M
106.6M
286.5M
286.3M
258.9M
232.8M
237.1M
260.7M
234.5M
211M
191.1M
167.5M
152.1M
127.5M
92.1M
70.6M
66.4M
66.5M
64.6M
66.1M
62.1M
71.2M
-139.1M
-86.7M
-86.8M
-48.9M
15.2M
-83.7M
-9.5M
23.4M
73.6M
-29.6M
-51M
-87.4M
-34.5M
-50.2M
-16.9M
-16.9M
22.1M
-966K
-10.3M
1.3M
59.9M
49.2M
57.4M
62.9M
60.6M
65.3M
75M
64M
50.1M
57.9M
61.9M
63.2M
57.9M
35.4M
20.5M
18.1M
10.2M
18.6M
19.8M
13.4M
446.1M
-24.2M
-42.4M
-41.5M
34.2M
362.6M
-27.3M
-14.4M
1.8M
-16.7M
-22.6M
-12.5M
-4.5M
-3.7M
-4.3M
-4.3M
5.3M
-4.9M
-7.4M
-20.5M
(0.0)
(123.6M)
(187.2M)
(194.4M)
(124.4M)
(65.5M)
(87.8M)
(74M)
(46.3M)
(126.8M)
(244.3M)
(261.6M)
(162.6M)
(143.5M)
(132.1M)
(81.1M)
(29M)
(70.2M)
(54.2M)
(0.0)
552.4M
-67.6M
235.9M
-300.1M
-547.7M
288.8M
58.5M
-142.2M
90.9M
179.7M
-155.6M
-15.6M
172K
51.7M
9.3M
87.1M
-10M
-20.4M
34.3M
-26.4M
741M
268.2M
925.8M
508.6M
293.7M
1B
655M
477.1M
580M
571.8M
440.2M
529.3M
492.2M
416.1M
302.5M
297.6M
193.2M
175.8M
210.2M
145.6M
INVESTING ACTIVITIES
-182.9M
-261.7M
-412.6M
-306.6M
-298.3M
-213.9M
-251.4M
-225.4M
-184.4M
-209.1M
-249.5M
-205.1M
-251.4M
-103.1M
-84.5M
-55.7M
-43.9M
-76.6M
-63.7M
-52.6M
(0.0)
(0.0)
-22.7M
-12.7M
-5.6M
(63.2M)
(12.1M)
-734.1M
(33.3M)
-700.1M
-39.6M
-41.7M
-155.3M
-60M
-51.9M
-4.7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-85.5M
-65.6M
-37.2M
-17M
-13.4M
-25.9M
-20.2M
(0.0)
(0.0)
(0.0)
(0.0)
-17.6M
-9.2M
-3M
-9.2M
(0.0)
(0.0)
0.0
0.0
0.0
85.5M
81.1M
-16.4M
4.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
876K
18.3M
14.3M
16M
0.0
0.0
43.4M
-9.2M
-26.7M
-5.3M
-15.5M
53.6M
12.1M
25.7M
33.3M
23.6M
1.6M
-13.7M
-18.2M
-60M
12M
9.2M
3M
0.0
84.2M
21.6M
-139.5M
-270.9M
-462M
-324.6M
-303.9M
-150.7M
-239.3M
-959.5M
-151.1M
-909.3M
-289.1M
-246.8M
-406.7M
-163.1M
-141.1M
-42.1M
-29.7M
-69.7M
(20.4M)
-31.1M
FINANCING ACTIVITIES
1.3M
-82.7M
-178.6M
-505M
-461.6M
-50.3M
-8.4M
-348.7M
-90.5M
-245.8M
-293.6M
-81.8M
-530M
-127.5M
-132.4M
-27.5M
-4.6M
-107.2M
-103.1M
-298.4M
-543.6M
165.8M
-158.2M
257.7M
351.3M
-246.2M
-270M
973.7M
-234.5M
679.4M
245.6M
-82.1M
179.2M
-5M
-102.3M
0.0
0.0
0.0
-50M
232M
-150.3M
-147.7M
-147.3M
-150M
-153.4M
-152.5M
-149.1M
-149M
-145.4M
-140.3M
-139.3M
-126.9M
-113.7M
-101.5M
-61.6M
-53M
-50.2M
-49.6M
-47.7M
-50.2M
-2.4M
-82.7M
-178.6M
-505M
-461.6M
-50.3M
-8.4M
-348.7M
-90.5M
-245.8M
-293.6M
-81.8M
-530M
-127.5M
-132.4M
-27.5M
-4.6M
-107.2M
-103.1M
-307.6M
-400K
5.4M
52.8M
34.1M
156.1M
33.6M
15.7M
47.5M
42.7M
21.3M
67.2M
37M
55.5M
29.9M
23.1M
78.7M
4.3M
14.6M
2.2M
2M
-693M
-59.2M
-431.3M
-363.2M
-107.6M
-415.4M
-411.8M
523.4M
-427.7M
314.5M
-120.1M
-222.6M
-409M
-162.5M
-227.5M
-1.8M
-50.4M
-142.2M
-186.9M
-114.7M
CASH FLOW SUMMARY
24.8M
-18M
10.7M
-10.2M
-10.6M
8.7M
-759K
-9.5M
9.8M
-5M
-13.3M
-14.6M
-1.3M
1.1M
-2.5M
0.0
0.0
0.0
0.0
0.0
-66.7M
-79.9M
43.2M
-189.4M
-128.4M
461.2M
3.2M
31.5M
11M
-28M
17.7M
45.4M
-324.8M
91.7M
-68.6M
253.7M
113.1M
-36.2M
43.7M
-109K
303M
382.9M
339.7M
529.1M
657.5M
196.3M
193.1M
161.6M
127.3M
155.3M
137.6M
92.2M
417M
325.3M
393.9M
140.2M
27.1M
63.3M
19.6M
19.7M
236.3M
303M
382.9M
339.7M
529.1M
657.5M
196.3M
193.1M
138.3M
127.3M
155.3M
137.6M
92.2M
417M
325.3M
393.9M
140.2M
27.1M
63.3M
19.6M
558.1M
6.5M
513.2M
202M
-4.6M
804.7M
403.7M
251.7M
395.6M
362.6M
190.7M
324.2M
240.8M
313M
218M
241.9M
149.3M
99.2M
146.4M
93M

SEC Filings

PII - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 01, 2026
April 30, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 28, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 27, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 17, 2026
April 30, 2026
2026
10-K

10-K 2025 FY

FY

February 13, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 27, 2026
January 27, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 08, 2026
2026
8-K

8-K 2025

N/A

November 13, 2025
November 13, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 28, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 28, 2025
September 30, 2025
2025
Showing 1 to 10 of 461 filings