Polaris Inc (PII) financials
Polaris revenue and earnings by year
Polaris's revenue was $7.15 billion in the fiscal year to December 31, 2025, down 0.3% from the year before. Net income was -$466 million, -6.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.15 | 7.18 | 8.93 | 8.59 | 7.44 | 6.28 | 6.78 | 6.08 | 5.43 | 4.52 |
| Revenue growth | -0.3% | -19.7% | 4.0% | 15.5% | 18.4% | -7.4% | 11.6% | 12.0% | 20.2% | — |
| Gross profit | 1.37 | 1.47 | 1.96 | 1.96 | 1.75 | 1.54 | 1.65 | 1.50 | 1.32 | 1.11 |
| Gross margin | 19.1% | 20.4% | 21.9% | 22.8% | 23.5% | 24.4% | 24.3% | 24.7% | 24.4% | 24.5% |
| Operating income | -0.35 | 0.29 | 0.70 | 0.80 | 0.71 | 0.52 | 0.48 | 0.49 | 0.36 | 0.35 |
| Operating margin | -4.9% | 4.0% | 7.8% | 9.4% | 9.6% | 8.3% | 7.1% | 8.0% | 6.6% | 7.8% |
| Net income | -0.47 | 0.11 | 0.50 | 0.45 | 0.49 | 0.12 | 0.32 | 0.34 | 0.17 | 0.21 |
| Net margin | -6.5% | 1.5% | 5.6% | 5.2% | 6.6% | 2.0% | 4.8% | 5.5% | 3.2% | 4.7% |
| Diluted EPS | -$8.18 | $1.95 | $8.71 | $7.44 | $7.88 | $1.99 | $5.20 | $5.25 | $2.69 | $3.27 |
| Free cash flow | 0.56 | 0.01 | 0.51 | 0.20 | 0.01 | 0.81 | 0.40 | 0.25 | 0.40 | 0.38 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PII in Markets.
How Polaris makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Polaris Powersports | $1.82B | 90.0% |
| Marine | $133M | 6.6% |
| Aixam Goupil | $68.0M | 3.4% |
See also: PII valuation and P/E history · PII returns
No forecast, no recommendation. This page describes Polaris Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.