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) Operating margin
Polaris Inc.'s operating margin over the twelve months to 30 September 2026 was −1.79%, up 3.1 percentage points from fiscal 2025 (−4.88%). Over the past ten years it has ranged from −4.88% (fiscal 2025) to 15.2% (fiscal 2015) — the current reading is the lowest in ten years. That is below the Recreational Vehicles industry median of −0.16% and below the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | −4.88% | (8.93) |
| FY2024 | 4.05% | (3.79) |
| FY2023 | 7.84% | (1.53) |
| FY2022 | 9.37% | (0.20) |
| FY2021 | 9.57% | 1.28 |
| FY2020 | 8.29% | 1.16 |
| FY2019 | 7.13% | (0.89) |
| FY2018 | 8.02% | 1.39 |
| FY2017 | 6.63% | (1.13) |
| FY2016 | 7.76% | (7.41) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 3.59% | (3.77) |
| Jun 2026 | 7.36% | 9.72 |
| Mar 2026 | −2.36% | 14.30 |
| Dec 2025 | −16.7% | (17.77) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| LCII LCI Industries compare | 7.57% |
| PATK Patrick Industries, Inc. compare | 6.32% |
| BC Brunswick Corporation compare | 5.69% |
| DOO BRP Inc. compare | 4.21% |
| WGO Winnebago Industries, Inc. compare | 2.45% |
| THO Thor Industries, Inc. compare | 2.05% |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | −0.32% |
| PII Polaris Inc. | −1.79% |
| HOG Harley-Davidson, Inc. compare | −5.63% |
| Recreational Vehicles industry median | −0.16% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Net margin
- Free cash flow margin
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- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
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