Polaris Inds Financials
Polaris Inds (PII) reported $7.2B in revenue for fiscal year 2025, down 0.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Polaris’s FY2025 cash surge came from working-capital release, even as the underlying operating engine moved into loss.
FY2025 produced free cash flow of$558.1M despite a net loss of-$465.5M because inventory was pulled down and capital spending was cut, so cash came from releasing prior investment rather than from current-year margins. That helps explain why liquidity still looks tight: cash ended at$138M and the current ratio slipped below 1 even after the inflow.
Across FY2023-FY2025, gross margin slid from
The balance sheet has become more debt-heavy: debt to equity rose from 1.3x to 1.8x by FY2025. Equity also fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Polaris Inds's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Polaris Inds has an operating margin of -4.9%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 37/100. This is down from 4.0% the prior year.
Polaris Inds's revenue declined 0.3% year-over-year, from $7.2B to $7.2B. This contraction results in a growth score of 10/100.
Polaris Inds has a moderate D/E ratio of 1.82. This balance of debt and equity financing earns a leverage score of 33/100.
Polaris Inds's current ratio of 0.98 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Polaris Inds has a free cash flow margin of 7.8%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Polaris Inds posts a -56.2% return on equity (ROE), meaning it loses $56 for every $100 of shareholders' equity. This results in a returns score of 35/100. This is down from 8.6% the prior year.
Polaris Inds scores 1.63, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Polaris Inds passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Polaris Inds reported a net loss of $465.5M while generating $741.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Polaris Inds reported an operating loss of $348.7M against $131.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Polaris Inds generated $7.2B in revenue in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Polaris Inds's EBITDA was -$62.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 110.8% from the prior year.
Polaris Inds reported -$465.5M in net income in fiscal year 2025. This represents a decrease of 520.1% from the prior year.
Polaris Inds earned -$8.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 519.5% from the prior year.
Cash & Balance Sheet
Polaris Inds generated $558.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8486.2% from the prior year.
Polaris Inds held $138.0M in cash against $1.5B in long-term debt as of fiscal year 2025.
Polaris Inds paid $2.68 per share in dividends in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Margins & Returns
Polaris Inds's gross margin was 19.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Polaris Inds's operating margin was -4.9% in fiscal year 2025, reflecting core business profitability. This is down 8.9 percentage points from the prior year.
Polaris Inds's net profit margin was -6.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.1 percentage points from the prior year.
Polaris Inds's ROE was -56.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 64.8 percentage points from the prior year.
Capital Allocation
Polaris Inds invested $371.9M in research and development in fiscal year 2025. This represents an increase of 10.4% from the prior year.
Polaris Inds spent $2.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 97.1% from the prior year.
Polaris Inds invested $182.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 30.1% from the prior year.
PII Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3B | $7.2B-0.3% | $7.2B-19.7% | $8.9B+4.0% | $8.6B+15.5% | $7.4B+18.4% | $6.3B-7.4% | $6.8B+11.6% | $6.1B+12.0% | $5.4B+20.2% | $4.5B-4.3% | $4.7B+5.3% | $4.5B+18.6% | $3.8B+17.7% | $3.2B+20.8% | $2.7B |
| Cost of Revenue | $5.8B | $5.8B+1.3% | $5.7B-18.2% | $7.0B+5.2% | $6.6B+16.5% | $5.7B+19.9% | $4.7B-7.6% | $5.1B+12.2% | $4.6B+11.5% | $4.1B+20.3% | $3.4B+0.9% | $3.4B+7.0% | $3.2B+19.0% | $2.7B+16.3% | $2.3B+19.2% | $1.9B |
| Gross Profit | $1.5B | $1.4B-6.7% | $1.5B-25.2% | $2.0B0.0% | $2.0B+11.9% | $1.8B+14.0% | $1.5B-6.9% | $1.6B+9.8% | $1.5B+13.3% | $1.3B+19.8% | $1.1B-17.4% | $1.3B+1.5% | $1.3B+17.7% | $1.1B+21.1% | $925.3M+24.9% | $740.6M |
| R&D Expenses | $371.3M | $371.9M+10.4% | $336.9M-10.0% | $374.3M+2.1% | $366.7M+11.6% | $328.7M+14.1% | $288.1M-1.6% | $292.9M+12.8% | $259.7M+9.0% | $238.3M+28.7% | $185.1M+11.2% | $166.5M+12.1% | $148.5M+6.7% | $139.2M+9.3% | $127.4M+20.6% | $105.6M |
| SG&A Expenses | $601.6M | $541.8M+24.1% | $436.5M+3.2% | $422.8M+18.8% | $355.9M+16.4% | $305.8M+3.3% | $296.1M-24.8% | $393.9M+12.6% | $349.7M+5.6% | $331.2M+8.1% | $306.4M+46.6% | $209.1M+2.9% | $203.2M+13.3% | $179.4M+25.4% | $143.1M+9.7% | $130.4M |
| Operating Income | -$351.7M | -$348.7M-220.0% | $290.6M-58.5% | $700.9M-12.9% | $804.5M+13.0% | $712.0M+36.7% | $521.0M+7.7% | $483.7M-0.8% | $487.4M+35.5% | $359.7M+2.7% | $350.3M-51.1% | $716.1M+0.2% | $714.7M+23.7% | $577.9M+20.8% | $478.4M+36.7% | $349.9M |
| Interest Expense | $127.7M | $131.4M-4.1% | $137.0M+9.6% | $125.0M+74.3% | $71.7M+62.2% | $44.2M-33.8% | $66.8M-13.9% | $77.6M+36.1% | $57.0M+77.3% | $32.2M+97.0% | $16.3M+42.4% | $11.5M+1.9% | $11.2M+81.0% | $6.2M+4.7% | $5.9M+48.8% | $4.0M |
| Income Tax | -$74.0M | -$67.9M-329.4% | $29.6M-74.9% | $117.7M-25.5% | $158.0M+19.6% | $132.1M+46.9% | $89.9M+7.2% | $83.9M-10.6% | $93.9M-35.8% | $146.3M+45.9% | $100.3M-56.5% | $230.4M-6.1% | $245.3M+26.9% | $193.4M+15.4% | $167.5M+40.7% | $119.1M |
| Net Income | -$446.1M | -$465.5M-520.1% | $110.8M-78.0% | $502.8M+12.5% | $447.1M-9.5% | $493.9M+295.8% | $124.8M-61.5% | $324.0M-3.4% | $335.3M+94.4% | $172.5M-19.0% | $212.9M-53.2% | $455.4M+0.3% | $454.0M+20.3% | $377.3M+20.8% | $312.3M+37.2% | $227.6M |
| EPS (Diluted) | — | -$8.18-519.5% | $1.95-77.6% | $8.71+17.1% | $7.44-5.6% | $7.88+296.0% | $1.99-61.7% | $5.20-0.8% | $5.24+94.8% | $2.69-17.7% | $3.27-51.6% | $6.75+1.5% | $6.65+24.3% | $5.35+21.6% | $4.40+37.5% | $3.20 |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PII Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.9B-11.4% | $5.5B+0.2% | $5.5B+5.7% | $5.2B+3.4% | $5.0B+9.0% | $4.6B+4.6% | $4.4B+7.4% | $4.1B+33.5% | $3.1B-0.3% | $3.1B+29.9% | $2.4B+15.0% | $2.1B+23.1% | $1.7B+13.2% | $1.5B+21.2% | $1.2B |
| Current Assets | $2.2B-16.2% | $2.6B-2.2% | $2.7B-2.7% | $2.8B+8.2% | $2.6B+15.9% | $2.2B+35.7% | $1.6B+9.5% | $1.5B+18.5% | $1.3B+5.2% | $1.2B+3.3% | $1.2B+5.1% | $1.1B+26.7% | $865.7M-14.9% | $1.0B+16.3% | $875.0M |
| Cash & Equivalents | $138.0M-52.1% | $287.8M-21.8% | $367.8M+13.3% | $324.5M-35.4% | $502.3M-20.5% | $631.7M+302.1% | $157.1M-2.5% | $161.2M+16.5% | $138.3M+8.7% | $127.3M-18.0% | $155.3M+12.9% | $137.6M+49.2% | $92.2M-77.9% | $417.0M+28.2% | $325.3M |
| Inventory | $1.4B-18.9% | $1.7B-3.8% | $1.8B-4.5% | $1.9B+25.5% | $1.5B+28.3% | $1.2B+5.0% | $1.1B+15.6% | $969.5M+23.7% | $784.0M+5.0% | $746.5M+5.1% | $710.0M+25.5% | $565.7M+35.3% | $417.9M+21.1% | $345.0M+15.8% | $298.0M |
| Accounts Receivable | $237.5M+23.5% | $192.3M-37.2% | $306.4M-10.7% | $343.0M+50.5% | $227.9M-11.4% | $257.2M+35.1% | $190.4M-3.4% | $197.1M-1.5% | $200.1M+14.5% | $174.8M+16.0% | $150.8M-26.4% | $204.9M+10.0% | $186.2M+55.5% | $119.8M+3.9% | $115.3M |
| Goodwill | $348.8M-11.4% | $393.5M-0.2% | $394.4M+2.1% | $386.2M-1.3% | $391.3M-1.5% | $397.3M-39.8% | $659.9M+2.0% | $647.1M+49.3% | $433.4M+2.8% | $421.6M+221.8% | $131.0M+6.5% | $123.0M-2.9% | $126.7M+124.9% | $56.3M+26.1% | $44.7M |
| Total Liabilities | $4.1B-4.0% | $4.2B+3.4% | $4.1B-0.5% | $4.1B+7.7% | $3.8B+9.6% | $3.5B+5.0% | $3.3B+1.8% | $3.3B+51.5% | $2.1B-3.5% | $2.2B+59.5% | $1.4B+16.2% | $1.2B+5.1% | $1.1B+43.0% | $798.0M+9.6% | $728.0M |
| Current Liabilities | $2.2B-2.2% | $2.3B+18.6% | $1.9B-17.0% | $2.3B+4.4% | $2.2B+18.0% | $1.9B+23.7% | $1.5B+27.6% | $1.2B+5.9% | $1.1B+17.8% | $959.8M+16.1% | $826.8M-2.8% | $850.8M+13.7% | $748.1M+18.5% | $631.0M+7.6% | $586.3M |
| Long-Term Debt | $1.5B-8.1% | $1.6B-11.7% | $1.9B+23.3% | $1.5B+20.6% | $1.2B-4.7% | $1.3B-14.3% | $1.5B-19.5% | $1.9B+119.1% | $865.3M-24.0% | $1.1B+149.3% | $456.4M+104.1% | $223.6M-21.4% | $284.3M+184.3% | $100.0M0.0% | $100.0M |
| Total Equity | $828.4M-35.8% | $1.3B-9.1% | $1.4B+29.1% | $1.1B-10.2% | $1.2B+6.9% | $1.1B+3.3% | $1.1B+27.8% | $867.0M-6.9% | $931.7M+7.5% | $867.0M-11.7% | $981.5M+14.0% | $861.3M+60.8% | $535.6M-22.4% | $690.5M+38.1% | $500.1M |
| Retained Earnings | -$469.0M-415.0% | $148.9M-38.9% | $243.5M+620.4% | $33.8M-78.5% | $157.3M-28.0% | $218.4M-24.0% | $287.3M+137.2% | $121.1M-50.1% | $242.8M-19.1% | $300.1M-32.9% | $447.2M+11.3% | $401.8M+158.3% | $155.6M-62.0% | $409.1M+27.1% | $321.8M |
PII Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $337.6M | $741.0M+176.3% | $268.2M-71.0% | $925.8M+82.0% | $508.6M+73.2% | $293.7M-71.2% | $1.0B+55.5% | $655.1M+37.3% | $477.1M-18.5% | $585.4M-0.7% | $589.6M+33.9% | $440.2M-16.8% | $529.3M+7.5% | $492.2M+18.3% | $416.1M+37.5% | $302.5M |
| Capital Expenditures | $177.0M | $182.9M-30.1% | $261.7M-36.6% | $412.6M+34.6% | $306.6M+8.4% | $282.8M+38.4% | $204.3M-18.7% | $251.4M+11.5% | $225.4M+22.2% | $184.4M-11.8% | $209.1M-16.2% | $249.5M+21.7% | $205.1M-18.4% | $251.4M+143.9% | $103.1M+22.0% | $84.5M |
| Free Cash Flow | $160.6M | $558.1M+8486.2% | $6.5M-98.7% | $513.2M+154.1% | $202.0M+1753.2% | $10.9M-98.7% | $814.3M+101.7% | $403.7M+60.4% | $251.7M-37.2% | $401.0M+5.4% | $380.5M+99.5% | $190.7M-41.2% | $324.2M+34.6% | $240.8M-23.1% | $313.0M+43.6% | $218.0M |
| Investing Cash Flow | -$232.8M | -$139.5M+48.5% | -$270.9M+41.4% | -$462.0M-42.3% | -$324.6M-6.8% | -$303.9M-101.7% | -$150.7M+37.0% | -$239.3M+75.1% | -$959.5M-535.0% | -$151.1M+83.4% | -$909.3M-214.5% | -$289.1M-17.1% | -$246.8M+39.3% | -$406.7M-149.4% | -$163.1M-15.5% | -$141.1M |
| Financing Cash Flow | -$129.5M | -$693.0M-1070.6% | -$59.2M+86.3% | -$431.3M-18.8% | -$363.2M-237.5% | -$107.6M+74.1% | -$415.4M-0.9% | -$411.8M-178.7% | $523.4M+222.4% | -$427.7M-236.0% | $314.5M+361.8% | -$120.1M+46.0% | -$222.6M+45.6% | -$409.0M-151.7% | -$162.5M+28.6% | -$227.5M |
| Dividends Paid | $151.5M | $150.3M+1.8% | $147.7M+0.3% | $147.3M-1.8% | $150.0M-2.2% | $153.4M+0.6% | $152.5M+2.3% | $149.1M+0.1% | $149.0M+2.5% | $145.4M+3.6% | $140.3M+0.8% | $139.3M+9.8% | $126.9M+11.6% | $113.7M+12.0% | $101.5M+64.9% | $61.6M |
| Share Buybacks | $9.2M | $2.4M-97.1% | $82.7M-53.7% | $178.6M-64.6% | $505.0M+9.4% | $461.6M+817.7% | $50.3M+498.8% | $8.4M-97.6% | $348.7M+285.5% | $90.5M-63.2% | $245.8M-16.3% | $293.6M+258.9% | $81.8M-84.6% | $530.0M+315.6% | $127.5M-3.7% | $132.4M |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PII Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.1%-1.3pp | 20.4%-1.5pp | 21.9%-0.9pp | 22.8%-0.7pp | 23.5%-0.9pp | 24.4%+0.1pp | 24.3%-0.4pp | 24.7%+0.3pp | 24.4%-0.1pp | 24.5%-3.9pp | 28.4%-1.1pp | 29.4%-0.2pp | 29.7%+0.9pp | 28.8%+1.0pp | 27.9% |
| Operating Margin | -4.9%-8.9pp | 4.0%-3.8pp | 7.8%-1.5pp | 9.4%-0.2pp | 9.6%+1.3pp | 8.3%+1.2pp | 7.1%-0.9pp | 8.0%+1.4pp | 6.6%-1.1pp | 7.8%-7.4pp | 15.2%-0.8pp | 16.0%+0.7pp | 15.3%+0.4pp | 14.9%+1.7pp | 13.2% |
| Net Margin | -6.5%-8.1pp | 1.5%-4.1pp | 5.6%+0.4pp | 5.2%-1.4pp | 6.6%+4.7pp | 2.0%-2.8pp | 4.8%-0.7pp | 5.5%+2.3pp | 3.2%-1.5pp | 4.7%-4.9pp | 9.7%-0.5pp | 10.1%+0.2pp | 10.0%+0.3pp | 9.7%+1.2pp | 8.6% |
| Return on Equity | -56.2%-64.8pp | 8.6%-26.9pp | 35.4%-5.2pp | 40.7%+0.3pp | 40.3%+29.4pp | 10.9%-18.3pp | 29.2%-9.4pp | 38.7%+20.2pp | 18.5%-6.1pp | 24.6%-21.8pp | 46.4%-6.3pp | 52.7%-17.7pp | 70.4%+25.2pp | 45.2%-0.3pp | 45.5% |
| Return on Assets | -9.5%-11.5pp | 2.0%-7.1pp | 9.1%+0.5pp | 8.6%-1.2pp | 9.8%+7.1pp | 2.7%-4.6pp | 7.3%-0.8pp | 8.1%+2.5pp | 5.6%-1.3pp | 6.9%-12.2pp | 19.1%-2.8pp | 21.9%-0.5pp | 22.4%+1.4pp | 21.0%+2.4pp | 18.5% |
| Current Ratio | 0.98-0.2x | 1.15-0.2x | 1.39+0.2x | 1.190.0x | 1.150.0x | 1.17+0.1x | 1.06-0.2x | 1.24+0.1x | 1.11-0.1x | 1.24-0.2x | 1.39+0.1x | 1.29+0.1x | 1.16-0.5x | 1.61+0.1x | 1.49 |
| Debt-to-Equity | 1.82+0.5x | 1.270.0x | 1.31-0.1x | 1.37+0.3x | 1.02-0.1x | 1.14-0.2x | 1.38-0.8x | 2.19+1.3x | 0.93-0.4x | 1.31+0.8x | 0.47+0.2x | 0.26-0.3x | 0.53+0.4x | 0.14-0.1x | 0.20 |
| FCF Margin | 7.8%+7.7pp | 0.1%-5.7pp | 5.7%+3.4pp | 2.4%+2.2pp | 0.1%-12.8pp | 13.0%+7.0pp | 5.9%+1.8pp | 4.1%-3.2pp | 7.4%-1.0pp | 8.4%+4.4pp | 4.0%-3.2pp | 7.2%+0.9pp | 6.4%-3.4pp | 9.8%+1.5pp | 8.2% |
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Polaris Inds's annual revenue?
Polaris Inds (PII) reported $7.2B in total revenue for fiscal year 2025. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Polaris Inds's revenue growing?
Polaris Inds (PII) revenue declined by 0.3% year-over-year, from $7.2B to $7.2B in fiscal year 2025.
Is Polaris Inds profitable?
No, Polaris Inds (PII) reported a net income of -$465.5M in fiscal year 2025, with a net profit margin of -6.5%.
What is Polaris Inds's EBITDA?
Polaris Inds (PII) had EBITDA of -$62.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Polaris Inds have?
As of fiscal year 2025, Polaris Inds (PII) had $138.0M in cash and equivalents against $1.5B in long-term debt.
What is Polaris Inds's gross margin?
Polaris Inds (PII) had a gross margin of 19.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Polaris Inds's operating margin?
Polaris Inds (PII) had an operating margin of -4.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Polaris Inds's net profit margin?
Polaris Inds (PII) had a net profit margin of -6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Polaris Inds pay dividends?
Yes, Polaris Inds (PII) paid $2.68 per share in dividends during fiscal year 2025.
What is Polaris Inds's return on equity (ROE)?
Polaris Inds (PII) has a return on equity of -56.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Polaris Inds's free cash flow?
Polaris Inds (PII) generated $558.1M in free cash flow during fiscal year 2025. This represents a 8486.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Polaris Inds's operating cash flow?
Polaris Inds (PII) generated $741.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Polaris Inds's total assets?
Polaris Inds (PII) had $4.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Polaris Inds's capital expenditures?
Polaris Inds (PII) invested $182.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Polaris Inds spend on research and development?
Polaris Inds (PII) invested $371.9M in research and development during fiscal year 2025.
What is Polaris Inds's current ratio?
Polaris Inds (PII) had a current ratio of 0.98 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Polaris Inds's debt-to-equity ratio?
Polaris Inds (PII) had a debt-to-equity ratio of 1.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Polaris Inds's return on assets (ROA)?
Polaris Inds (PII) had a return on assets of -9.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Polaris Inds's Altman Z-Score?
Polaris Inds (PII) has an Altman Z-Score of 1.63, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Polaris Inds's Piotroski F-Score?
Polaris Inds (PII) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Polaris Inds's earnings high quality?
Polaris Inds (PII) reported a net loss of $465.5M while generating $741.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Polaris Inds cover its interest payments?
Polaris Inds (PII) reported an operating loss of $348.7M against $131.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Polaris Inds?
Polaris Inds (PII) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.