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
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Polaris Inc. (PII) EBITDA
Polaris Inc.'s EBITDA for fiscal 2025 was −$62.2M, compared with $576.9M in fiscal 2024. Over the twelve months to 30 September 2026 it was $126.7M. Over the past ten years it has ranged from −$62.2M (fiscal 2025) to $1.0B (fiscal 2022) — the current reading is the lowest in ten years. EBITDA has fallen for 3 consecutive fiscal years. Polaris Inc. ranks 8th of 17 Recreational Vehicles companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | −$62.2M | — |
| FY2024 | $576.9M | (39.89%) |
| FY2023 | $959.8M | (7.47%) |
| FY2022 | $1.0B | 11.73% |
| FY2021 | $928.4M | 10.80% |
| FY2020 | $837.9M | 16.67% |
| FY2019 | $718.2M | 2.84% |
| FY2018 | $698.4M | 26.81% |
| FY2017 | $550.8M | 6.37% |
| FY2016 | $517.8M | (40.37%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $141.0M | (34.14%) |
| Jun 2026 | $214.1M | 788.39% |
| Mar 2026 | $24.1M | — |
| Dec 2025 | −$252.5M | — |
| 43 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| DOO BRP Inc. compare | $608.7M |
| THO Thor Industries, Inc. compare | $467.3M |
| PATK Patrick Industries, Inc. compare | $439.5M |
| LCII LCI Industries compare | $422.0M |
| HOG Harley-Davidson, Inc. compare | $417.0M |
| BC Brunswick Corporation compare | $277.2M |
| WGO Winnebago Industries, Inc. compare | $128.7M |
| PII Polaris Inc. | $126.7M |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | $12.5M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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