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Polaris (PII) Stock Price, News & Analysis

PII NYSE
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Price Move History

Daily moves over 5%
22 252 sessions, October 2, 2025 to October 2, 2026
Largest daily move
-16.7% close of April 15, 2026
1-year change
-14.3% closing prices, October 2, 2025 to October 2, 2026
1-month change
-13% closing prices, September 2, 2026 to October 2, 2026

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

$53.71
+2.56%
+1.34
Last updated: October 2, 2026 at 16:00
-14.3%
Performance 1 year

Polaris (PII) closed at $53.71 on October 2, 2026. Over the past 12 months, the price has lost 14.3%.

See what a $1,000 investment in PII would be worth today

PII Metrics & Rankings

Price returns through October 2, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.

Financial Highlights

Polaris generated $7.2B in revenue in FY2025, 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. The current ratio was 0.98, measuring current assets divided by current liabilities.

$7.2B
Revenue (FY2025)
-$465.5M
Net Income (FY2025)
$741.0M
Operating Cash Flow

Upcoming Events

Short Interest History

Last 12 Months

Short interest in Polaris (PII) currently stands at 4.4 million shares, down 11.7% from the previous reporting period, representing 8.3% of the float. Since October 2025, short interest has decreased by 46.4%.

Days to Cover History

Last 12 Months

Days to cover for Polaris (PII) currently stands at 6.5 days. The ratio is the reported short interest divided by the average daily trading volume. Since October 2025, the figure has increased by 27.7%. Across the settlements charted above, it has ranged from 2.9 to 9.7 days.

PII Company Profile & Sector Positioning

Polaris (PII) operates in the Recreational Vehicles industry within the broader Consumer Cyclical sector and is listed on the NYSE. Among dividend-paying stocks, PII ranks #646 by dividend yield.

Investors comparing PII often look at related companies in the same sector, including BRP Inc. (DOOO), Brunswick Corporation (BC), Harley-Davidson, Inc. (HOG), LCI Industries (LCII), and Thor Industries, Inc. (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 (PII)?

The current stock price of Polaris (PII) is $53.71 as of October 2, 2026.

What is the market cap of Polaris (PII)?

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

What is the revenue of Polaris (PII) stock?

The FY2025 revenue of Polaris (PII) is $7.2B, from its most recent completed fiscal year.

What is the net income of Polaris (PII)?

The FY2025 net income of Polaris (PII) is -$465.5M, from its most recent completed fiscal year.

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

The diluted earnings per share (EPS) of Polaris (PII) is -$8.18 for FY2025, its most recent completed fiscal year. Learn more about EPS .

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

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

What is the profit margin of Polaris (PII)?

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

What is the operating margin of Polaris (PII)?

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

What is the gross margin of Polaris (PII)?

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

What is the current ratio of Polaris (PII)?

The current ratio of Polaris (PII) is 0.98, measuring current assets divided by current liabilities. Learn about liquidity ratios.

What is the gross profit of Polaris (PII)?

The gross profit of Polaris (PII) is $1.4B for FY2025, its most recent completed fiscal year.

What is the operating income of Polaris (PII)?

The operating income of Polaris (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.