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PII Polaris Inc.

Trailing twelve months to 2026-03-31 · as filed 2026-04-28, not restated
Industrials

Scale

Market cap
$3.6bn
Revenue TTM
$7.3bn
Net income TTM
$-446m
Free cash flow
$161m
Composite score
46.9
Sector rank
#1280

Valuation

P / E
EV / EBITDA
EV / sales
0.5
FCF yield
4.40%
Earnings yield vs 10-yr
-16.96pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-6.1%
EBITDA margin
-1.0%
ROE
-59.5%
ROIC
-75.1%
Revenue growth
4.3%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Overview Second quarter sales totaled $2,022.8 million, an increase of nine percent from last year’s second quarter sales of $1,852.7 million. The increase in sales for the quarter was primarily driven by increased shipments and higher net pricing, partially offset by reduced motorcycle shipments as a result of the Indian Motorcycle divestiture. Our gross profit of $478.3 million increased 33 percent from $359.2 million in the comparable prior year second quarter. Gross profit, as a percentage of sales, increased primarily as a result of tariff refunds, favorable net price, and favorable product mix, partially offset by incremental tariff expense. …Polaris Inc., 10-Q, period ended 2026-06-30, filed 2026-07-28

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