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Polaris Inds Stock Price, News & Analysis

PII NYSE

Company Description

Polaris Inc. (NYSE: PII) is a powersports and manufacturing company that focuses on products and experiences designed to help people enjoy the outdoors. According to company disclosures, Polaris has invited people to discover the joy of being outdoors since its founding in 1954 and is headquartered in Minnesota. The company is associated with the motorcycle, bicycle, and parts manufacturing industry and operates within the broader manufacturing sector.

Polaris describes itself as the global leader in powersports and highlights a product lineup that spans multiple categories of off-road and on-road vehicles as well as marine products. Its offerings include RANGER, RZR, Polaris XPEDITION, and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including Bennington pontoons. Across multiple news releases, Polaris also notes that it enhances the riding experience with a portfolio of parts, garments, and accessories.

In addition to these categories, Polaris communications and recent news highlight several branded businesses and product families that sit under the Polaris umbrella. These include Polaris Adventures, an experience-focused business that works with a network of Outfitters to offer powersports vehicle rentals and outdoor experiences; Polaris Slingshot, which offers three-wheeled moto-roadsters with open cockpits and side-by-side seating; and Indian Motorcycle, which is described as America’s first motorcycle company and offers cruiser, bagger, and touring motorcycles and accessories. Polaris also has a presence in the marine segment through brands such as Godfrey Pontoon Boats and Bennington pontoons, which produce pontoons for recreational boating.

Polaris emphasizes that its vehicles and services are intended for recreation, adventure, and in some cases work and commercial use. Company news describes products engineered for off-road performance, desert racing, snow conditions, and open-road riding. Polaris RZR Factory Racing, for example, is a factory-backed racing program that competes in off-road events such as the Dakar Rally, King of the Hammers, the Mint 400, Vegas to Reno, and the SCORE Desert Series. The company highlights the RZR Pro R Factory race machine, which is built on the architecture of the consumer RZR Pro R and adapted for demanding off-road competition.

Polaris also participates in experiential and promotional programs that connect its vehicles with consumers in different settings. One example is the Polaris Adventures Free Snowmobile Rides program, which offers complimentary one-hour rides on Polaris snowmobiles at participating locations in top snow destinations, including safety overviews, protective gear, and guidance from experienced Outfitters. Another example is the collaboration with Call of Duty: Warzone and Call of Duty: Black Ops 7, where in-game vehicles such as the Polaris RZR Pro R 4 and Sportsman XP 1000 are featured to mirror real-world performance and design.

Within its on-road offerings, Polaris Slingshot news describes three-wheeled autocycles with open cockpits, side-by-side seating, and a Polaris-built ProStar 2.0L four-cylinder engine. Model-year announcements detail features such as paint schemes, interior technology, seating, and accessories, but these specifics are part of product cycles rather than the long-term company profile. Indian Motorcycle news similarly focuses on model-year lineups, accessories, and paint options across cruiser, bagger, and touring motorcycles, and references the brand’s long history and racing heritage.

Polaris’ marine-related communications, including those from Godfrey Pontoon Boats, describe redesigned pontoon models and accessories aimed at comfort, versatility, and on-water experience. These brands are identified as part of the Polaris family through statements that attribute ownership to Polaris or its subsidiaries and reference Polaris’ broader product lineup and global reach.

From a capital markets perspective, Polaris’ common stock is listed on the New York Stock Exchange under the symbol PII, as confirmed in SEC filings. The company has used public debt and bank credit facilities as part of its financing structure. For example, an 8-K filing reports the issuance of 5.600% Senior Notes due 2031 under a shelf registration statement, and another 8-K describes an amendment to an existing credit agreement that extends the maturity of an incremental term loan, modifies financial covenants for a defined period, and includes limitations on certain capital allocation actions during that period. A separate 8-K notes that Polaris prepaid in full an outstanding series of senior notes due 2028 using proceeds from revolving loans under its senior credit facilities.

Polaris also reports corporate governance and strategic portfolio decisions through SEC filings. An 8-K dated October 10, 2025, states that certain wholly owned subsidiaries entered into a definitive agreement to sell the Indian Motorcycle Business, and that the business will be classified as held for sale under U.S. GAAP. The same filing discusses expected impairment charges related to this transaction and notes a transaction bonus and separation benefits agreement with an executive in connection with the planned separation. Another 8-K dated January 8, 2026, reports the planned resignation of a member of the Board of Directors, including his roles on the Board’s committees, and states that the resignation was not due to any disagreement with the company on matters relating to operations, policies, or practices.

Across its public communications, Polaris repeatedly describes its reach as serving around or more than 100 countries worldwide. While detailed geographic breakdowns are not provided in the supplied materials, this language indicates a significant international presence. The company also notes that it operates through a network of dealers, distributors, subsidiaries, and experience partners, though specific counts and locations beyond the global country count are not detailed in the recent news and filings provided.

Overall, Polaris Inc. presents itself as a diversified powersports and outdoor recreation manufacturer with activities spanning off-road vehicles, snowmobiles, three-wheeled roadsters, motorcycles, small vehicles, and pontoons, complemented by parts, garments, accessories, and experience-based offerings. Investors researching PII stock can use this overview as a starting point and refer to Polaris’ SEC filings and investor relations materials for more detailed financial, segment, and risk information.

Stock Performance

$54.70
+0.37%
+0.20
Last updated: April 1, 2026 at 16:00
+32.22%
Performance 1 year

Polaris Inds (PII) stock last traded at $54.70, up 0.37% from the previous close. Over the past 12 months, the stock has gained 32.2%, ranking #405 in 52-week price change. At a market capitalization of $3.1B, PII is classified as a mid-cap stock with approximately 56.6M shares outstanding.

Latest News

Polaris Inds has 10 recent news articles, with the latest published yesterday. Of the recent coverage, 6 articles coincided with positive price movement and 4 with negative movement. Key topics include conferences, earnings, partnership, dividends. View all PII news →

SEC Filings

Polaris Inds has filed 5 recent SEC filings, including 2 Form 4, 1 Form SCHEDULE 13G/A, 1 Form DEF 14A, 1 Form 10-K. The most recent filing was submitted on March 27, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all PII SEC filings →

Insider Radar

Net Sellers
90-Day Summary
0
Shares Bought
58,205
Shares Sold
7
Transactions
Most Recent Transaction
Mack Robert Paul (CFO, EVP - Finance + Corp Dev) sold 3,963 shares @ $67.08 on February 12, 2026

Insider selling at Polaris Inds over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.

Based on SEC Form 4 filings over the last 90 days.

Financial Highlights

Polaris Inds generated $7.2B in revenue over the trailing twelve months, retaining a 19.1% gross margin, operating income reached -$348.7M (-4.9% operating margin), and net income was -$465.5M, reflecting a -6.5% net profit margin. Diluted earnings per share stood at $-8.18. The company generated $741.0M in operating cash flow. With a current ratio of 0.98, short-term liquidity bears monitoring.

$7.2B
Revenue (TTM)
-$465.5M
Net Income (TTM)
$741.0M
Operating Cash Flow

Upcoming Events

APR
28
April 28, 2026 Earnings

Q1 2026 results conference call

Conference call/webcast 9:00 AM CT; slides and webcast at ir.polaris.com; dial-in numbers provided; replay available
JUN
03
June 3, 2026 - June 7, 2026 Marketing

Baja 500 off-road race

Baja 500 off-road race (Baja California); showcases RZR Pro R Factory; company exposure
JUN
26
June 26, 2026 Financial

Term loan maturity

Incremental term loan maturity under amended credit facility
JUN
30
June 30, 2026 Financial

Covenant relief expires

End of financial covenant relief period under amended credit facility

Polaris Inds has 4 upcoming scheduled events. The next event, "Q1 2026 results conference call", is scheduled for April 28, 2026 (in 27 days). 2 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the PII stock price.

Short Interest History

Last 12 Months

Short interest in Polaris Inds (PII) currently stands at 7.4 million shares, up 5.1% from the previous reporting period, representing 13.9% of the float. This moderate level of short interest indicates notable bearish positioning. The 6.9 days to cover indicates moderate liquidity for short covering.

Days to Cover History

Last 12 Months

Days to cover for Polaris Inds (PII) currently stands at 6.9 days. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 116.3% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 3.2 to 9.7 days.

PII Company Profile & Sector Positioning

Polaris Inds (PII) operates in the Recreational Vehicles industry within the broader Miscellaneous Transportation Equipment sector and is listed on the NYSE. Among dividend-paying stocks, PII ranks #533 by dividend yield. In monthly performance, the stock ranks #1,081 among all tracked companies.

Investors comparing PII often look at related companies in the same sector, including Brp Inc (DOOO), Brunswick Corp (BC), Harley Davidson (HOG), Lci Inds (LCII), and Thor Industries (THO). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate PII's relative position within its industry.

Frequently Asked Questions

What is the current stock price of Polaris Inds (PII)?

The current stock price of Polaris Inds (PII) is $54.7 as of April 1, 2026.

What is the market cap of Polaris Inds (PII)?

The market cap of Polaris Inds (PII) is approximately 3.1B. Learn more about what market capitalization means .

What is the revenue (TTM) of Polaris Inds (PII) stock?

The trailing twelve months (TTM) revenue of Polaris Inds (PII) is $7.2B.

What is the net income of Polaris Inds (PII)?

The trailing twelve months (TTM) net income of Polaris Inds (PII) is -$465.5M.

What is the earnings per share (EPS) of Polaris Inds (PII)?

The diluted earnings per share (EPS) of Polaris Inds (PII) is $-8.18 on a trailing twelve months (TTM) basis. Learn more about EPS .

What is the operating cash flow of Polaris Inds (PII)?

The operating cash flow of Polaris Inds (PII) is $741.0M. Learn about cash flow.

What is the profit margin of Polaris Inds (PII)?

The net profit margin of Polaris Inds (PII) is -6.5%. Learn about profit margins.

What is the operating margin of Polaris Inds (PII)?

The operating profit margin of Polaris Inds (PII) is -4.9%. Learn about operating margins.

What is the gross margin of Polaris Inds (PII)?

The gross profit margin of Polaris Inds (PII) is 19.1%. Learn about gross margins.

What is the current ratio of Polaris Inds (PII)?

The current ratio of Polaris Inds (PII) is 0.98, indicating the company's ability to pay short-term obligations. Learn about liquidity ratios.

What is the gross profit of Polaris Inds (PII)?

The gross profit of Polaris Inds (PII) is $1.4B on a trailing twelve months (TTM) basis.

What is the operating income of Polaris Inds (PII)?

The operating income of Polaris Inds (PII) is -$348.7M. Learn about operating income.

What does Polaris Inc. do?

Polaris Inc. is a powersports and manufacturing company that focuses on products and experiences for outdoor recreation. Company materials state that its product lineup includes RANGER, RZR, Polaris XPEDITION, and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including Bennington pontoons, along with parts, garments, and accessories.

When was Polaris founded and where is it headquartered?

Polaris reports that it has invited people to discover the joy of being outdoors since its founding in 1954. The company states that it is headquartered in Minnesota, and its common stock trades on the New York Stock Exchange under the symbol PII.

In which industries does Polaris operate?

Polaris is associated with the motorcycle, bicycle, and parts manufacturing industry and operates within the broader manufacturing sector. Its activities span off-road vehicles, snowmobiles, three-wheeled moto-roadsters, motorcycles, small vehicles such as quadricycles and electric vehicles, and marine products like pontoon and deck boats, as described in its news releases and company overviews.

What brands and product families are part of Polaris?

Polaris communications reference several brands and product families, including RANGER, RZR, Polaris XPEDITION, GENERAL, Sportsman, Slingshot moto-roadsters, Aixam quadricycles, Goupil electric vehicles, and pontoon and deck boats such as Bennington pontoons. News releases also describe Polaris Adventures, Polaris Slingshot, Indian Motorcycle, and Godfrey Pontoon Boats as businesses or brands connected to Polaris or its subsidiaries.

How global is Polaris’ business?

Polaris states in multiple news releases that it serves around or more than 100 countries across the globe. While the provided materials do not list specific regions, this language indicates that Polaris distributes its products and services internationally through dealers, distributors, subsidiaries, and experience partners.

What is Polaris RZR Factory Racing?

Polaris RZR Factory Racing is a factory-backed off-road racing program highlighted in company news. It competes in major UTV and off-road events such as the Dakar Rally, King of the Hammers, the Mint 400, Vegas to Reno, and the SCORE Desert Series. The program uses the RZR Pro R Factory race machine, which Polaris describes as being built on the architecture of the consumer RZR Pro R and adapted for demanding desert and rally competition.

What is Polaris Adventures?

Polaris Adventures is described as the experience business of Polaris Inc. It works with a network of more than 250 outdoor experience Outfitters to offer powersports vehicle rentals and outdoor experiences at riding destinations. Through this network, customers can try Polaris vehicles, participate in guided rides, and access programs such as the Free Snowmobile Rides initiative mentioned in recent news.

What is happening with the Indian Motorcycle business at Polaris?

An 8-K filing dated October 10, 2025, states that certain wholly owned subsidiaries of Polaris entered into a definitive agreement to sell the Indian Motorcycle Business and that this business will be classified as held for sale under U.S. GAAP. The filing also notes that Polaris expects to record impairment charges related to this transaction. The document does not provide further details on the buyer or closing status beyond what is summarized there.

How does Polaris use debt and credit facilities in its capital structure?

Polaris’ SEC filings indicate that the company uses both public debt and bank credit facilities. An 8-K dated November 13, 2025, reports the issuance of $500 million in 5.600% Senior Notes due 2031 under a shelf registration statement. Another 8-K dated June 27, 2025, describes an amendment to an existing credit agreement that extends the maturity of an incremental term loan, adjusts financial covenants for a defined period, and imposes certain limitations on share repurchases, dividends beyond regular quarterly dividends (subject to a cap), and subsidiary indebtedness during that period.

Has Polaris reported any recent changes in its board of directors?

Yes. An 8-K filing dated January 8, 2026, reports that a member of the Polaris Board of Directors informed the company that he will resign from the Board effective January 14, 2026. The filing notes that he served as Chair of the Board’s Audit Committee and as a member of the Compensation Committee, and states that his decision to resign was not the result of any disagreement with the company, its management, the Board, or any committees on matters relating to operations, policies, or practices.