stockrowPolaris 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) Gross margin
Polaris Inc.'s gross margin over the twelve months to 30 September 2026 was 21.3%, up 2.2 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from 19.1% (fiscal 2025) to 28.4% (fiscal 2015) — the current reading is the lowest in ten years. That is in line with the Recreational Vehicles industry median of 20.9% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 19.1% | (1.30) |
| FY2024 | 20.4% | (1.50) |
| FY2023 | 21.9% | (0.87) |
| FY2022 | 22.8% | (0.73) |
| FY2021 | 23.5% | (0.91) |
| FY2020 | 24.5% | 0.14 |
| FY2019 | 24.3% | (0.39) |
| FY2018 | 24.7% | 0.30 |
| FY2017 | 24.4% | (0.08) |
| FY2016 | 24.5% | (3.89) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 21.2% | (2.48) |
| Jun 2026 | 23.7% | 3.47 |
| Mar 2026 | 20.2% | 0.19 |
| Dec 2025 | 20.0% | (0.66) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| LCII LCI Industries compare | 26.2% |
| BC Brunswick Corporation compare | 26.2% |
| HOG Harley-Davidson, Inc. compare | 24.0% |
| PATK Patrick Industries, Inc. compare | 23.3% |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | 22.9% |
| PII Polaris Inc. | 21.3% |
| DOO BRP Inc. compare | 20.6% |
| WGO Winnebago Industries, Inc. compare | 13.0% |
| THO Thor Industries, Inc. compare | 12.6% |
| Recreational Vehicles industry median | 20.9% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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