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
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
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.
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.
Upcoming Events
Q1 2026 results conference call
Baja 500 off-road race
Term loan maturity
Covenant relief expires
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
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
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.