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PII

Polaris Inc.

Consumer DiscretionaryTransportation Equipment
Ticker PIIMEDINA, MNFiscal year ends DecemberBook value per share $14.35Diluted shares 58.3M

Polaris Inc. (NYSE: PII) designs, engineers, manufactures and markets powersports vehicles, boats, and related parts, garments and accessories for recreational, utility, commercial and government customers. Its products include all-terrain and side-by-side vehicles, snowmobiles, moto-roadsters, quadricycles and boats,… From the company’s description.

In fiscal 2025, Polaris Inc. reported revenue of $7.15B, down 0.3% from fiscal 2024, and a net loss of $464.80M. Its operating margin was −4.9%, and operations generated $741.00M in cash. Over the twelve months to Jun 30, 2026, revenue was $7.45B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$7.15BFY2025
−0.3% year over year
Last 12 mo $7.45B
-4.88%FY2025
−8.9 percentage points
Last 12 mo -2.55%
$-464.80MFY2025
−518.0% year over year
Last 12 mo $-259.60M
-49.03%FY2025
−57.6 percentage points
Last 12 mo -31.13%
Cash & financing
$741.00MFY2025
+176.3% year over year
Last 12 mo $247.50M
$558.10MFY2025
+8486.2% year over year
Last 12 mo $66.90M
1.86FY2025
Was 1.61× a year earlier
Last 12 mo 2.33
56.9MFY2025
+0.2% year over year
Last 12 mo 58.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Polaris Inc. does

In the company’s own words

Polaris Inc. (NYSE: PII) designs, engineers, manufactures and markets powersports vehicles, boats, and related parts, garments and accessories for recreational, utility, commercial and government customers. Its products include all-terrain and side-by-side vehicles, snowmobiles, moto-roadsters, quadricycles and boats, sold online and through independent dealers and distributors. Polaris operates three reportable segments: Off Road, comprising off-road vehicles, snowmobiles and related products; On Road, including Slingshot moto-roadsters and light-duty hauling and passenger vehicles; and Marine, which makes pontoon and deck boats. Indian Motorcycle was separated in 2026. Major brands include RANGER, RZR, Sportsman, Slingshot, Bennington, Godfrey, Hurricane and Klim. The company also runs Polaris Adventures, which works with local outfitters to offer vehicle-based ride experiences. As of December 31, 2025, Polaris had approximately 14,500 full-time employees globally and operated 18 manufacturing facilities. Its products reached customers through approximately 2,400 independent dealers in North America and more than 1,500 international dealers. Its website is http://www.polaris.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Transportation Equipment
Headquarters
MEDINA, MN
Fiscal year end
December
CIK
931015
SIC
3790

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.40B$1.42B$4.23B$7.05B$9.87B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Polaris Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

351
funds hold it
0 of 35
superinvestors hold it
$1.63B
held by funds, at market
41.7%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Polaris Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.10%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.45%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.11%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Polaris Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Polaris Inc.’s debt, $249.62M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.19%, maturing 2029 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Polaris Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Polaris Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Polaris Inc.'s last four quarterly filings that the numbers alone won't show?”
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