PIIPolaris Inc.
$63.00-3.4% 1Y
$63.00
$47.4252 weeks$74.77
The business
How PII's business earns
Polaris Inc. earns −5.0% on the capital it employs against an estimated 9.0% cost of capital.
−5.0%
Return on invested capital · cost of capital 9.0% · 14 points below the estimated cost of capital
- Operating margin
- −1.8%
Operating margin · Recreational Vehicles median 1.8% · 12 months to Sep 30, 2026
- Share count, year on year
- +2.8%
Share count, year on year · more shares than a year ago
- R&D as % of revenue
- 4.8%
R&D as % of revenue
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 8.3% |
| FY2021 | 9.6% |
| FY2022 | 9.4% |
| FY2023 | 7.8% |
| FY2024 | 4.0% |
| FY2025 | −4.9% |
Details›
- Gross margin12 months to Sep 30, 2026
- 21%
- Operating margin12 months to Sep 30, 2026
- −1.8%
- Net margin12 months to Sep 30, 2026
- −2.7%
- Free cash flow margin
- 3.5%
- R&D as % of revenue
- 4.8%
- Revenue, trailing twelve months
- $7.65B
- Free cash flow, trailing twelve months
- $266M
- Net income, trailing twelve months
- −$206M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −5.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Recreational Vehicles
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