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Polaris Inc

polaris.com

Polaris Inc (NYSE: PII) is a powersports vehicle manufacturer that designs and sells off-road vehicles, snowmobiles, and related products. Revenue comes from transactional sales of vehicles and parts through a dealer network, with end markets spanning recreational consumers and commercial users such as farmers, ranchers, and construction operators. The Off Road segment includes all-terrain vehicles (ATVs) and side-by-side vehicles, which are sold across North America and internationally in markets including Western Europe, Australia, and Mexico. Estimated North America ORV industry retail sales reached approximately 780,000 units in the twelve months ended December 31, 2025, across both ATV and side-by-side categories. Worldwide ORV retail sales reached an estimated 970,000 units over the same period. Polaris competes with similar manufacturers in each product category across its North American and international markets.

Products & Services

Off-road vehicles (ATVs and side-by-side vehicles), snowmobiles, and related parts and accessories. ORVs are designed for terrain including dunes, trails, and mud, and serve both recreational and utility purposes.

Revenue Model

Transactional sales of powersports vehicles and components through a dealer distribution network, with sales spanning recreational and utility end markets.

Customers & Markets

Recreational consumers (hunting, fishing, trail and dune riding) and commercial users (farms, ranches, construction sites). Products are sold in North America and internationally.

Geographic Exposure

North America is the primary market. International sales occur in Western Europe, Australia, and Mexico, per the FY2025 10-K filed 2026-02-13.

Financial Snapshot

Revenue
TTM
$7.445B
Gross Margin
TTM
21.12%
Net Income
TTM
-$260.4M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
119.96%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$845.3M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$119.2M

Stock Price

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Market Cap: $3.8171 Billion

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