POLARIS INC (PII)
Consumer Discretionary · Powersports vehicles and recreational motorsports equipment · NYSE
Polaris manufactures and sells recreational and utility powersports vehicles—ATVs, side-by-sides, snowmobiles, and boats—through 2,400+ North American and 1,500+ international dealers, but faces margin compression and mounting losses.
What POLARIS INC does
Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles including all-terrain vehicles (ATVs), side-by-side vehicles (RZR, RANGER), snowmobiles, moto-roadsters, quadricycles, and boats. The company operates three segments—Off Road, On Road, and Marine—and sells approximately 2,400 dealers in North America and over 1,500 international dealers across 25 subsidiaries serving 90+ countries. Polaris also manufactures and sources parts, garments, and accessories (PG&A) for its product portfolio.
Themes: ["Off-road vehicles / recreational powersports","Utility and commercial vehicles","Snowmobiles","Marine / boats","Aftermarket accessories and apparel"]
Fundamentals
- Price$65.83 as of 2026-07-09 close
- Market cap$3.8B as of 2026-07-10
- 1-year return+37.5% as of 2026-07-09 close
- Net margin-6.1% as of 2026-07-10
- Gross margin+20.1% as of 2026-07-10
- ROE-45.6% as of 2026-07-10
- Debt / equity2.79 as of 2026-07-10
- Revenue growth (YoY)+4.3% as of 2026-07-10
- Revenue CAGR (3y)-5.9% SEC XBRL
- Beta1.30 as of 2026-07-10
Dividend: yield +4.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant operating losses and negative net margin (-6.13% as of Q1 2026), with accumulated deficit of $560.3 million, indicating sustained profitability challenges.","High debt levels with long-term financing obligations of $2,056.2 million and rising leverage, raising refinancing and covenant risk in an uncertain credit environment.","Competitive pressure from North American and Asian manufacturers on price, quality, styling, and product features in highly competitive powersports markets."]
Competitors & peers
- Arctic Cat (ATCO)
- Winnebago Industries (WGO)
- Honda Motor (HMC)
- Yamaha Motor (YMAHY)
- BRP / Can-Am (private)
- Kawasaki (private)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.