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Friday 6 November 2026 Export PII’s income statement to Excel — free account

Polaris Inc.

PII Consumer Cyclical Recreational Vehicles

Polaris Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, roughly unchanged from fiscal 2024.

Revenue
+10.9%
EPS
+339.3%
Free cash flow
+170.2%
Total debt
+22.6%

Quarter to September 2026, against a year earlier

64.80 2.90 −4.28%
Market cap
$3.7B
P/E
0.0×
Fwd P/E
28.3×
Dividend yield
4.18%
F-score
4/9
Altman Z
1.61
Beneish M
−3.47
Dividend safety
45/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Polaris Inc. (PII) Debt to equity

Alert me on Debt to equity

Polaris Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.9×, up 0.1× from fiscal 2025 (1.8×). Over the past ten years it has ranged from 0.5× (fiscal 2015) to 2.3× (fiscal 2018); the current reading is higher than 82% of that period. That is above the Recreational Vehicles industry median of 0.4× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.8× 42.72%
FY2024 1.3× (3.02%)
FY2023 1.3× (30.14%)
FY2022 1.9× 27.23%
FY2021 1.5× 15.88%
FY2020 1.3× (17.08%)
FY2019 1.5× (32.50%)
FY2018 2.3× 130.96%
FY2017 1.0× (25.58%)
FY2016 1.3× 183.27%

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.9× (17.64%)
Jun 2026 2.3× (16.32%)
Mar 2026 2.7× 50.73%
Dec 2025 1.8× 60.39%
43 more quarters

Against its own ten years

Low 0.5× High 2.3×
Ten-year median 1.3×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare 0.0×
THO Thor Industries, Inc. compare 0.2×
WGO Winnebago Industries, Inc. compare 0.4×
LCII LCI Industries compare 0.6×
HOG Harley-Davidson, Inc. compare 0.8×
BC Brunswick Corporation compare 1.2×
PATK Patrick Industries, Inc. compare 1.2×
PII Polaris Inc. 1.9×
DOO BRP Inc. compare 7.5×
Recreational Vehicles industry median 0.4×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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