Brunswick Corporation (BC) vs Polaris Inc. (PII)

Brunswick Corporation and Polaris Inc. are both Recreational Vehicles companies. Brunswick Corporation is the larger, with a market value of $4.3B against $3.0B — 1.4× the size. Brunswick Corporation grew revenue faster over the last twelve months: 10.5% against 8.43%. Brunswick Corporation has the higher net margin (−1.53% vs −3.50%) and the higher return on invested capital (−0.37% vs −4.84%). Both pay a dividend; Polaris Inc. yields more (2.92% vs 1.98%). Across the 21 metrics below, Brunswick Corporation leads on 17 and Polaris Inc. on 4.

Valuation

Metric BC PII Recreational Vehicles median
P/E n/m n/m 17.55
P/S 0.78 0.41 0.53
P/B 2.62 3.63 0.91
Price to free cash flow 12.34 45.58 10.77
EV/EBITDA 22.35 59.94 9.09
EV/Sales 1.10 0.63 0.63
Earnings yield (1.93%) (8.67%) 0.15%
Free cash flow yield 8.11% 2.19% 6.30%

Profitability

Metric BC PII Recreational Vehicles median
Gross margin 25.58% 21.19% 22.03%
Operating margin (0.37%) (2.55%) 0.17%
Net margin (1.53%) (3.50%) (0.15%)
Free cash flow margin 6.33% 0.90% 4.02%
Return on equity (4.80%) (25.65%) 0.16%
Return on assets (1.52%) (4.92%) 0.10%
Return on invested capital (0.37%) (4.84%) 0.16%

Growth

Metric BC PII Recreational Vehicles median
Revenue growth (TTM) 10.46% 8.43% 4.05%
EPS growth (last fiscal year) (207.77%) (519.49%) —
Revenue growth, 5-year CAGR 4.29% 2.63% 4.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BC PII Recreational Vehicles median
Debt to equity 1.25 2.28 0.48
Current ratio 1.45 1.20 1.81
Net debt to EBITDA 7.25 (21.97) 0.53

Dividend

Metric BC PII Recreational Vehicles median
Dividend yield 1.98% 2.92% 1.87%
Payout ratio 0.20 0.24 0.05

Size

Metric BC PII Recreational Vehicles median
Market cap 4.29b 2.98b 628.11m

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