PII
Polaris Industries Inc
NYSE: PII · CONSUMER CYCLICAL · RECREATIONAL VEHICLES
$67.22
+1.13% today
Updated 2026-04-29
Market cap
$3.81B
P/E ratio
—
P/S ratio
0.52x
EPS (TTM)
$-7.84
Dividend yield
3.02%
52W range
$31 – $74
Volume
1.4M
Polaris Industries Inc (PII) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.78B | $1.95B | $1.57B | $1.99B | $2.66B | $3.21B | $3.78B | $4.48B | $4.72B | $4.52B | $5.43B | $6.08B | $6.78B | $7.03B | $7.44B | $8.59B | $8.93B | $7.18B | $7.15B |
| Revenue growth (YoY) | — | +7.5% | +9.5% | -19.6% | +27.2% | +33.4% | +20.8% | +17.7% | +18.6% | +5.3% | -4.3% | +20.2% | +12.0% | +11.6% | +3.6% | +5.9% | +15.5% | +4.0% | -19.7% | -0.3% |
| Cost of revenue | $1.30B | $1.39B | $1.50B | $1.17B | $1.46B | $1.92B | $2.28B | $2.66B | $3.16B | $3.38B | $3.41B | $4.02B | $4.65B | $5.21B | $5.40B | $5.74B | $6.68B | $13.95B | $5.77B | $5.83B |
| Gross profit | $359.36M | $393.02M | $445.71M | $393.22M | $530.21M | $741.88M | $925.70M | $1.12B | $1.32B | $1.34B | $1.10B | $1.41B | $1.43B | $1.57B | $1.63B | $1.70B | $1.91B | $1.96B | $1.40B | $1.32B |
| Gross margin | 21.7% | 22.1% | 22.9% | 25.1% | 26.6% | 27.9% | 28.8% | 29.7% | 29.6% | 28.3% | 24.4% | 25.9% | 23.4% | 23.2% | 23.1% | 22.8% | 22.2% | 21.9% | 19.6% | 18.5% |
| R&D | $73.89M | $73.59M | $77.47M | $63.00M | $84.94M | $105.63M | $127.36M | $139.19M | $148.46M | $166.46M | $185.13M | $238.30M | $259.68M | $292.94M | $295.60M | $328.70M | $366.70M | $374.30M | $336.90M | $371.90M |
| SG&A | $164.47M | $188.68M | $69.61M | $71.18M | $99.06M | $130.40M | $143.06M | $179.41M | $203.25M | $209.08M | $306.44M | $331.20M | $349.76M | $393.93M | $359.20M | $305.80M | $355.90M | $422.80M | $436.50M | $311.70M |
| Operating income | $121.00M | $130.75M | $161.59M | $147.90M | $203.87M | $327.13M | $444.91M | $531.91M | $657.67M | $645.28M | $268.62M | $400.20M | $399.30M | $401.89M | $513.50M | $657.70M | $754.00M | $700.90M | $220.40M | $-28.30M |
| Operating margin | 7.3% | 7.3% | 8.3% | 9.4% | 10.2% | 12.3% | 13.9% | 14.1% | 14.7% | 13.7% | 5.9% | 7.4% | 6.6% | 5.9% | 7.3% | 8.8% | 8.8% | 7.8% | 3.1% | -0.4% |
| EBITDA | $244.72M | $247.53M | $252.79M | $219.88M | $287.74M | $416.85M | $556.36M | $672.74M | $838.06M | $849.33M | $497.08M | $542.05M | $697.25M | $719.00M | $462.70M | $881.20M | $1.07B | $700.90M | $569.40M | $-114.00M |
| EBITDA margin | 14.8% | 13.9% | 13.0% | 14.0% | 14.5% | 15.7% | 17.3% | 17.8% | 18.7% | 18.0% | 11.0% | 10.0% | 11.5% | 10.6% | 6.6% | 11.8% | 12.4% | 7.8% | 7.9% | -1.6% |
| EBIT | $173.55M | $185.44M | $186.68M | $155.28M | $221.22M | $350.46M | $485.77M | $580.64M | $710.56M | $697.19M | $329.57M | $350.95M | $486.22M | $484.49M | $202.00M | $664.80M | $834.10M | $700.90M | $283.10M | $-399.90M |
| Interest expense | $9.77M | $15.10M | $9.62M | $4.11M | $2.68M | $3.83M | $5.93M | $6.21M | $11.24M | $11.46M | $16.32M | $32.16M | $56.97M | $76.69M | $60.60M | $36.10M | $72.70M | $125.00M | $142.30M | $132.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $111.98M | $111.65M | $117.39M | $101.02M | $147.14M | $227.57M | $312.31M | $377.29M | $454.03M | $455.36M | $212.95M | $172.49M | $335.26M | $323.96M | $124.80M | $493.90M | $589.70M | $502.80M | $110.80M | $-465.50M |
| Net income growth (YoY) | — | -0.3% | +5.1% | -14.0% | +45.7% | +54.7% | +37.2% | +20.8% | +20.3% | +0.3% | -53.2% | -19.0% | +94.4% | -3.4% | -61.5% | +295.8% | +19.4% | -14.7% | -78.0% | -520.1% |
| Profit margin | 6.8% | 6.3% | 6.0% | 6.5% | 7.4% | 8.6% | 9.7% | 10.0% | 10.1% | 9.6% | 4.7% | 3.2% | 5.5% | 4.8% | 1.8% | 6.6% | 6.9% | 5.6% | 1.5% | -6.5% |