Stocktoria

Polaris Inc. PII

NYSE · stock · Miscellaneous Transportation Equipment · website · IPO 1987-09-16 · LEI

Polaris Inc. statistics & valuation

Market cap$4.1B
P / S0.6×
P / B5.0×
P / FCF7.4×
Dividend yield3.64%
Net margin-6.5%
Return on equity-55.9%
FCF margin7.8%
Net debt$1.4B
Enterprise value USD$5.5B
Earnings yield EBIT/EV-6.3%
Return on capital-13.2%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
4.70% 3.20% 5.50% 4.80% 2.00% 6.60% 5.20% 5.60% 1.50% -6.50% 2016201720182019202020212022202320242025
Gross margin (%)
24.50% 24.40% 24.70% 24.30% 24.40% 23.50% 22.80% 21.90% 20.40% 19.10% 2016201720182019202020212022202320242025
Operating margin (%)
7.80% 6.60% 8.00% 7.10% 8.30% 9.60% 9.40% 7.80% 4.00% -4.90% 2016201720182019202020212022202320242025
Return on equity (%)
24.60% 18.50% 38.70% 29.20% 10.90% 40.30% 40.60% 35.40% 8.60% -55.90% 2016201720182019202020212022202320242025
Shares outstanding
65.2M 64.2M 63.9M 62.3M 62.6M 62.7M 60.1M 57.7M 56.8M 56.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.01B $744.7M $1.73B $1.44B $733.3M $1.22B $1.67B $1.49B $1.74B $1.37B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.90% 5.60% 8.10% 7.30% 2.70% 9.80% 8.60% 9.10% 2.00% -9.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.40% 7.40% 4.10% 6.00% 13.00% 0.10% 2.70% 5.70% 0.10% 7.80% 2016201720182019202020212022202320242025
Debt / equity (×)
1.31× 0.95× 2.19× 1.44× 1.19× 1.41× 1.81× 1.31× 1.57× 1.81× 2016201720182019202020212022202320242025
EPS ($)
$3.27 $2.69 $5.24 $5.20 $1.99 $7.88 $7.44 $8.71 $1.95 -$8.18 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Polaris Inc. trades at about 35.1× earnings — above its 10-year norm (10-year range 10.3×–58.6×, median 17.7×).

10.3× 58.6×

Shaded band = 10-year range (10.3×–58.6×); dot = today's 35.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin19.1%20.4%21.9%22.8%23.5%24.4%24.3%24.7%24.4%24.5%
Operating margin-4.9%4.0%7.8%9.4%9.6%8.3%7.1%8.0%6.6%7.8%
Net margin-6.5%1.5%5.6%5.2%6.6%2.0%4.8%5.5%3.2%4.7%
FCF margin7.8%0.1%5.7%2.7%0.1%13.0%6.0%4.1%7.4%8.4%
Return on assets-9.5%2.0%9.1%8.6%9.8%2.7%7.3%8.1%5.6%6.9%
Return on equity-55.9%8.6%35.4%40.6%40.3%10.9%29.2%38.7%18.5%24.6%
Debt / equity1.81×1.57×1.31×1.81×1.41×1.19×1.44×2.19×0.95×1.31×
Current ratio0.981.151.391.191.151.171.061.241.111.24

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.