Polaris Inc.
PII- Exchange
- NYSE
- Industry
- Miscellaneous Transportation Equipment
- SEC CIK
- 0000931015
No open-market purchases or sales by Polaris Inc. insiders were filed in the last 90 days; 480 institutions reported holding it in 13F filings for Q2 2026, worth $3.50B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:33 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $465.5M (6.5% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 28, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 25, 2022 |
| Revenue | $7.15B | $7.18B | $8.93B | $8.59B | $8.20B |
| Cost of revenue | $5.78B | $5.71B | $6.97B | $6.63B | $6.26B |
| Gross profit | $1.37B | $1.47B | $1.96B | $1.96B | $1.94B |
| Operating expenses | $1.80B | $1.27B | $1.34B | $1.20B | $1.29B |
| Research and development | $371.9M | $336.9M | $374.3M | $366.7M | $336.7M |
| Selling, general and administrative | $541.8M | $436.5M | $422.8M | $355.9M | $366.0M |
| Operating income | -$348.7M | $290.6M | $700.9M | $804.5M | $709.0M |
| Interest expense | $131.4M | $137.0M | $125.0M | $71.7M | $44.2M |
| Income tax | -$67.9M | $29.6M | $117.7M | $158.0M | $131.4M |
| Net income | -$465.5M | $110.8M | $502.8M | $447.1M | $493.9M |
| EPS, basic | $-8.18 | $1.96 | $8.80 | $7.54 | $8.06 |
| EPS, diluted | $-8.18 | $1.95 | $8.71 | $7.44 | $7.88 |
| Weighted shares, basic | 56.9M | 56.5M | 57.1M | 59.3M | 61.3M |
| Weighted shares, diluted | 56.9M | 56.8M | 57.7M | 60.1M | 62.7M |
| Margins and growth | |||||
| Gross margin | 19.1% | 20.4% | 21.9% | 22.8% | 23.7% |
| Operating margin | -4.9% | 4.0% | 7.8% | 9.4% | 8.6% |
| Net margin | -6.5% | 1.5% | 5.6% | 5.2% | 6.0% |
| Revenue growth, year over year | −0.3% | −19.7% | +4.0% | +4.8% | +16.7% |
| Net income growth, year over year | −520.1% | −78.0% | +12.5% | −9.5% | +295.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 28, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 25, 2022 |
| Cash and equivalents | $138.0M | $287.8M | $367.8M | $324.5M | $509.2M |
| Accounts receivable | $237.5M | $192.3M | $306.4M | $343.0M | $240.5M |
| Inventory | $1.41B | $1.74B | $1.81B | $1.90B | $1.64B |
| Total current assets | $2.21B | $2.63B | $2.69B | $2.77B | $2.56B |
| Property, plant and equipment | $1.03B | $1.19B | $1.20B | $1.02B | $975.4M |
| Goodwill | $348.8M | $393.5M | $394.4M | $386.2M | $391.3M |
| Intangible assets | $451.2M | $542.7M | $512.0M | $524.4M | $646.2M |
| Total assets | $4.89B | $5.53B | $5.52B | $5.22B | $5.05B |
| Accounts payable | $762.5M | $562.8M | $713.1M | $847.6M | $797.4M |
| Short-term debt | – | – | – | $553.6M | $553.3M |
| Total current liabilities | $2.24B | $2.29B | $1.93B | $2.33B | $2.23B |
| Long-term debt | $1.51B | $2.03B | $1.86B | $1.50B | $1.25B |
| Total liabilities | $4.05B | $4.22B | $4.09B | $4.10B | $3.81B |
| Shareholders' equity | $832.9M | $1.29B | $1.42B | $1.10B | $1.23B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2026 | Jan 28, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 25, 2022 |
| Operating cash flow | $741.0M | $268.2M | $925.8M | $508.6M | $293.7M |
| Capital expenditures | $182.9M | $261.7M | $412.6M | $306.6M | $298.3M |
| Free cash flow | $558.1M | $6.50M | $513.2M | $202.0M | -$4.60M |
| Depreciation and amortization | $286.5M | $286.3M | $258.9M | $232.8M | $237.1M |
| Stock-based compensation | $59.9M | $49.2M | $57.4M | $62.9M | $60.6M |
| Dividends paid | $150.3M | $147.7M | $147.3M | $150.0M | $153.4M |
| Share buybacks | $2.40M | $82.7M | $178.6M | $505.0M | $461.6M |
| Investing cash flow | -$139.5M | -$270.9M | -$462.0M | -$324.6M | -$303.9M |
| Financing cash flow | -$693.0M | -$59.2M | -$431.3M | -$363.2M | -$107.6M |
| Net change in cash | -$66.7M | -$79.9M | $43.2M | -$189.4M | -$128.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.8% | 0.7% | 0.6% | 0.7% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.