POLARIS INC. financials
Source: EDGAR filings · Built 2026-06-02T03:49:57Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 556.40M | 4.90M | 511.70M | 200.60M | 9.40M | 812.90M |
| EBITDA | -62.20M | 576.90M | 959.80M | 1.04B | 928.40M | 756.80M |
| Working Capital | -36.70M | 339.20M | 757.90M | 439.00M | 328.90M | 318.10M |
| Net Debt | 1.53B | 1.91B | 1.69B | 1.84B | 1.47B | 946.00M |
| Gross Margin | 19.14% | 20.44% | 21.94% | 22.81% | 23.54% | 24.45% |
| Operating Margin | -4.88% | 4.05% | 7.84% | 9.37% | 9.57% | 8.29% |
| Net Margin | -6.51% | 1.54% | 5.63% | 5.21% | 6.64% | 1.99% |
| Return on Equity (ROE) | -56.19% | 8.59% | 35.45% | 40.68% | 40.34% | 10.90% |
| Return on Assets (ROA) | -9.51% | 2.01% | 9.11% | 8.57% | 9.78% | 2.69% |
| Current Ratio | 0.98× | 1.15× | 1.39× | 1.19× | 1.15× | 1.17× |
| Debt-to-Equity | 2.01× | 1.71× | 1.45× | 1.97× | 1.61× | 1.38× |
| Effective Tax Rate | 12.75% | 21.02% | 18.97% | 20.75% | 21.01% | 19.96% |
| Cash Conversion Ratio | -1.59× | 2.42× | 1.84× | 1.14× | 0.59× | 8.16× |
| Accruals Ratio | -0.25× | -0.03× | -0.08× | -0.01× | 0.04× | -0.19× |
| SBC % of Revenue | 0.84% | 0.69% | 0.64% | 0.73% | 0.81% | 1.04% |
| CapEx Coverage | 4.01× | 1.02× | 2.24× | 1.65× | 1.03× | 4.95× |
| Free Cash Flow Per Share | $9.78 | $0.09 | $8.87 | $3.34 | $0.15 | $12.99 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 29.55× | 10.88× | 13.58× | 13.95× | 47.88× |
| P/FCF | 6.47× | 667.67× | 10.69× | 30.26× | 733.22× | 7.34× |
| FCF Yield | 15.46% | 0.15% | 9.36% | 3.30% | 0.14% | 13.63% |
| EV / EBITDA | — | 8.92× | 7.33× | 7.33× | 8.73× | 9.04× |
| P/S | 0.50× | 0.45× | 0.60× | 0.67× | 0.89× | 0.94× |
| P/B | 4.31× | 2.51× | 3.77× | 5.24× | 5.42× | 5.15× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 7.15B | 7.18B | 8.93B | 8.59B | 7.44B | 6.28B |
| Cost of Goods and Services Sold | 5.78B | 5.71B | 6.97B | 6.63B | 5.69B | 4.75B |
| Gross Profit | 1.37B | 1.47B | 1.96B | 1.96B | 1.75B | 1.54B |
| Research and Development Expense | 371.90M | 336.90M | 374.30M | 366.70M | 328.70M | 288.10M |
| Operating Expenses | 1.80B | 1.27B | 1.34B | 1.20B | 1.09B | 1.10B |
| Operating Income (Loss) | -348.70M | 290.60M | 700.90M | 804.50M | 712.00M | 521.00M |
| Income Tax Expense (Benefit) | -67.90M | 29.60M | 117.70M | 158.00M | 132.10M | 89.90M |
| Net Income (Loss) Attributable to Parent | -465.50M | 110.80M | 502.80M | 447.10M | 493.90M | 124.80M |
| Earnings Per Share, Basic | $-8.18 | $1.96 | $8.80 | $7.54 | $8.06 | $2.02 |
| Weighted Average Number of Shares Outstanding, Basic | 56.90M | 56.50M | 57.10M | 59.30M | 61.30M | 61.90M |
| Earnings Per Share, Diluted | $-8.18 | $1.95 | $8.71 | $7.44 | $7.88 | $1.99 |
| Weighted Average Number of Shares Outstanding, Diluted | 56.90M | 56.80M | 57.70M | 60.10M | 62.70M | 62.60M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 138.00M | 287.80M | 367.80M | 324.50M | 502.30M | 631.70M |
| Assets, Current | 2.21B | 2.63B | 2.69B | 2.77B | 2.56B | 2.21B |
| Assets | 4.89B | 5.53B | 5.52B | 5.22B | 5.05B | 4.63B |
| Long-term Debt | 1.51B | 2.03B | 1.86B | 1.99B | 1.73B | 1.36B |
| Liabilities, Current | 2.24B | 2.29B | 1.93B | 2.33B | 2.23B | 1.89B |
| Long-term Debt, Excluding Current Maturities | — | — | — | 1.50B | 1.25B | 1.31B |
| Liabilities | 4.05B | 4.22B | 4.09B | 4.10B | 3.81B | 3.48B |
| Stockholders' Equity Attributable to Parent | 828.40M | 1.29B | 1.42B | 1.10B | 1.22B | 1.14B |
| Common Stock, Shares, Outstanding | 56.50M | 56.10M | 56.50M | 57.00M | 60.40M | 61.90M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 741.00M | 268.20M | 925.80M | 508.60M | 293.70M | 1.02B |
| Payments to Acquire Property, Plant, and Equipment | 182.90M | 261.70M | 412.60M | 306.60M | 282.80M | 204.30M |
| Net Cash Provided by (Used in) Investing Activities | -139.50M | -270.90M | -462.00M | -324.60M | -303.90M | -150.70M |
| Payments for Repurchase of Common Stock | 2.40M | 82.70M | 178.60M | 505.00M | 461.60M | 50.30M |
| Net Cash Provided by (Used in) Financing Activities | -693.00M | -59.20M | -431.30M | -363.20M | -107.60M | -415.40M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -349.90M | 114.00M | 444.10M | 327.40M | 47.60M | 137.30M |
| EBITDA | 24.10M | -252.50M | — | — | 37.30M | 145.30M |
| Working Capital | 456.10M | -36.70M | 55.70M | 109.00M | 282.20M | 339.20M |
| Net Debt | 1.92B | 1.53B | 1.52B | 1.63B | 1.89B | 1.91B |
| Gross Margin | 20.18% | 19.99% | 20.65% | 19.39% | 15.95% | 20.39% |
| Operating Margin | -2.36% | -16.66% | 1.11% | -0.70% | -2.35% | 3.75% |
| Net Margin | -2.86% | -15.80% | -0.86% | -4.28% | -4.35% | 0.60% |
| Return on Equity (ROE) | -6.32% | -36.65% | -1.37% | -6.69% | -5.45% | 0.82% |
| Return on Assets (ROA) | -0.90% | -6.20% | -0.30% | -1.47% | -1.23% | 0.19% |
| Current Ratio | 1.21× | 0.98× | 1.02× | 1.04× | 1.12× | 1.15× |
| Debt-to-Equity | 2.94× | 2.01× | 1.61× | 1.65× | 1.78× | 1.71× |
| Effective Tax Rate | 18.20% | 15.02% | -29.75% | 14.58% | 6.19% | 11.48% |
| Cash Conversion Ratio | 6.76× | -0.59× | -35.59× | -5.09× | -1.25× | 19.46× |
| Accruals Ratio | 0.05× | -0.10× | -0.11× | -0.09× | -0.03× | -0.04× |
| SBC % of Revenue | 1.25% | 0.56% | 2.67% | 1.77% | 0.82% | 0.62% |
| CapEx Coverage | -10.78× | 2.76× | 4.76× | 5.30× | 2.34× | 2.99× |
| Free Cash Flow Per Share | $-6.10 | $2.00 | $7.80 | $5.74 | $0.84 | $2.42 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 56.86× | 29.40× |
| P/S | 0.43× | 0.50× | 0.47× | 0.33× | 0.33× | 0.45× |
| P/B | 4.13× | 4.31× | 2.84× | 1.93× | 1.88× | 2.51× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.66B | 1.92B | 1.84B | 1.85B | 1.54B | 1.76B |
| Cost of Goods and Services Sold | 1.32B | 1.54B | 1.46B | 1.49B | 1.29B | 1.40B |
| Gross Profit | 334.80M | 384.20M | 380.30M | 359.20M | 245.00M | 357.90M |
| Research and Development Expense | 82.30M | 105.90M | 92.80M | 90.30M | 82.90M | 78.20M |
| Operating Expenses | 390.00M | 724.00M | 379.60M | 394.90M | 303.20M | 318.20M |
| Operating Income (Loss) | -39.10M | -320.10M | 20.40M | -12.90M | -36.10M | 65.80M |
| Income Tax Expense (Benefit) | -10.50M | -53.60M | 3.60M | -13.50M | -4.40M | 1.40M |
| Net Income (Loss) Attributable to Parent | -47.40M | -303.60M | -15.80M | -79.30M | -66.80M | 10.60M |
| Earnings Per Share, Basic | $-0.83 | $-5.34 | $-0.28 | $-1.39 | $-1.17 | $0.19 |
| Weighted Average Number of Shares Outstanding, Basic | 57.40M | 56.90M | 56.90M | 57.00M | 56.90M | 56.50M |
| Earnings Per Share, Diluted | $-0.83 | $-5.34 | $-0.28 | $-1.39 | $-1.17 | $0.19 |
| Weighted Average Number of Shares Outstanding, Diluted | 57.40M | 56.90M | 56.90M | 57.00M | 56.90M | 56.80M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 282.00M | 138.00M | 335.50M | 324.30M | 291.70M | 287.80M |
| Assets, Current | 2.59B | 2.21B | 2.60B | 2.61B | 2.59B | 2.63B |
| Assets | 5.24B | 4.89B | 5.31B | 5.39B | 5.45B | 5.53B |
| Long-term Debt | — | 1.51B | — | — | — | 2.03B |
| Liabilities, Current | 2.13B | 2.24B | 2.55B | 2.50B | 2.31B | 2.29B |
| Liabilities | 4.48B | 4.05B | 4.14B | 4.19B | 4.22B | 4.22B |
| Stockholders' Equity Attributable to Parent | 750.40M | 828.40M | 1.15B | 1.19B | 1.23B | 1.29B |
| Common Stock, Shares, Outstanding | 56.90M | 56.50M | 56.20M | 56.20M | 56.20M | 56.10M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -320.20M | 178.70M | 562.30M | 403.50M | 83.20M | 206.30M |
| Payments to Acquire Property, Plant, and Equipment | 29.70M | 64.70M | 118.20M | 76.10M | 35.60M | 69.00M |
| Net Cash Provided by (Used in) Investing Activities | -121.60M | -62.70M | -76.80M | -59.70M | -28.30M | -52.70M |
| Payments for Repurchase of Common Stock | 9.20M | 0 | 2.40M | 2.40M | 2.40M | 400.00K |
| Net Cash Provided by (Used in) Financing Activities | 506.60M | -233.80M | -459.20M | -328.90M | -56.90M | -142.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (PII CIK 0000931015),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.