Company Analysis

Polaris Inc. (PII)

NYSE: PII · Miscellaneous Transportation Equipment · Medina, MN · filing with the SEC since 1994
Grade5.2
◀ Past 6.4● Present 4.8▶ Future 4.4
The companyfiscal 2025, as filed
Revenue$7.15B-0.3%
Net income-$466M-520.1%
Earnings per share$-8.18-519.5%
Operating cash flow$741M+176.3%
Cash$138M-52.1%
Debt$1.51B-25.7%
Shareholders’ equity$828M-35.8%
Shares, diluted56.9M+0.2%
Return on equity-56.2%
The recordfrom its filings
Filings in 202678
Newest filingOct 29 · S-8
Annual reportFeb 13, 2026
Quarterly reportOct 27, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$4.2M
Insider buys, 12 months$0.00
Patents granted952
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $7.65BNet income -$206MCash from operations $471Mthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Polaris reported third-quarter 2026 sales of $2,043 million on October 27, up 11 percent from a year earlier 1. Net income attributable to Polaris was $38 million, against a net loss of $16 million in the third quarter of 2025 1.

The company said the gain came from higher shipment volumes and positive net price, partly offset by the divestiture of Indian Motorcycle 1.

Tariff refunds helped: the company booked a benefit of $9.8 million in the quarter and $83.7 million in nine months 2. The Supreme Court ruled in February 2026 that tariffs imposed under IEEPA were unauthorized 2.

The company now expects 2026 adjusted earnings of $3.50 to $3.60 per share, up from $3.00 to $3.10, and adjusted sales of $7.55 billion to $7.60 billion 1.

About $1.09 of that earnings figure comes from tariff refunds booked in the second and third quarters, the company said 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

News

Oct 27, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Oct 27, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 2, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
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SI Assistanton PII · research, not advice