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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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Polaris Inc. (PII) trades at a EV/EBITDA of 44.0×. Over the past ten years it has ranged from 0.0× (June 2026) to 82.1× (July 2026); the current reading is higher than 98% of that period. That is above the Recreational Vehicles industry median of 10.0× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 0.0× —
FY2024 8.9× 15.56%
FY2023 7.7× 4.36%
FY2022 7.4× (14.32%)
FY2021 8.7× 8.02%
FY2020 8.0× (26.04%)
FY2019 10.8× 14.77%
FY2018 9.4× (40.06%)
FY2017 15.7× 28.89%
FY2016 12.2× 77.48%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 38.3× (50.65%)
Jun 2026 77.6× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 82.1×
Ten-year median 9.5×
Current reading's percentile 98

EV/EBITDA against peers

Company EV/EBITDA
LCII LCI Industries compare 7.3×
HOG Harley-Davidson, Inc. compare 8.7×
PATK Patrick Industries, Inc. compare 9.1×
WGO Winnebago Industries, Inc. compare 9.8×
DOO BRP Inc. compare 9.9×
THO Thor Industries, Inc. compare 10.1×
BC Brunswick Corporation compare 24.8×
MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare 29.4×
PII Polaris Inc. 44.0×
Recreational Vehicles industry median 10.0×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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