# Polaris Inc.: overview

PII · NYSE · CIK 931015 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pii.md) · [Financials](/companies/pii/financials.md) · [Filings](/companies/pii/filings.md) · [Insiders](/companies/pii/insiders.md)

Latest reported revenue: [$2.04bn](/filings/0001628280-26-067531.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 27, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-067531).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,755 d](/filings/0001628280-26-008033.md) | [1,536](/filings/0001628280-26-027854.md) | [1,853](/filings/0001628280-26-050104.md) | [1,842](/filings/0001628280-26-067531.md) | [1,922 d](/filings/0001628280-26-008033.md) | [1,659](/filings/0001628280-26-027854.md) | [2,023](/filings/0001628280-26-050104.md) | [2,043](/filings/0001628280-26-067531.md) |
| Gross margin | % | [20.4% d](/filings/0001628280-26-008033.md) | [16.0%](/filings/0001628280-26-027854.md) | [19.4%](/filings/0001628280-26-050104.md) | [20.7%](/filings/0001628280-26-067531.md) | [20.0% d](/filings/0001628280-26-008033.md) | [20.2%](/filings/0001628280-26-027854.md) | [23.6%](/filings/0001628280-26-050104.md) | [21.2%](/filings/0001628280-26-067531.md) |
| Operating margin | % | [3.7% d](/filings/0001628280-26-008033.md) | [(2.4%)](/filings/0001628280-26-027854.md) | [(0.7%)](/filings/0001628280-26-050104.md) | [1.1%](/filings/0001628280-26-067531.md) | [(16.7%) d](/filings/0001628280-26-008033.md) | [(2.4%)](/filings/0001628280-26-027854.md) | [7.4%](/filings/0001628280-26-050104.md) | [3.6%](/filings/0001628280-26-067531.md) |
| Net margin | % | [0.6% d](/filings/0001628280-26-008033.md) | [(4.3%)](/filings/0001628280-26-027854.md) | [(4.3%)](/filings/0001628280-26-050104.md) | [(0.9%)](/filings/0001628280-26-067531.md) | [(15.8%) d](/filings/0001628280-26-008033.md) | [(2.9%)](/filings/0001628280-26-027854.md) | [5.3%](/filings/0001628280-26-050104.md) | [1.9%](/filings/0001628280-26-067531.md) |
| Diluted EPS | $ per share | not reported | [(1.17)](/filings/0001628280-26-027854.md) | [(1.39)](/filings/0001628280-26-050104.md) | [(0.28)](/filings/0001628280-26-067531.md) | not reported | [(0.83)](/filings/0001628280-26-027854.md) | [1.82](/filings/0001628280-26-050104.md) | [0.66](/filings/0001628280-26-067531.md) |
| Free cash flow | $m | [137 d](/filings/0001628280-26-008033.md) | [47.6](/filings/0001628280-26-027854.md) | [280 d](/filings/0001628280-26-050104.md) | [117 d](/filings/0001628280-26-067531.md) | [114 d](/filings/0001628280-26-008033.md) | [(350)](/filings/0001628280-26-027854.md) | [186 d](/filings/0001628280-26-050104.md) | [315 d](/filings/0001628280-26-067531.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [7,439](/filings/0001628280-24-005284.md) | [8,589](/filings/0001628280-25-006009.md) | [8,934](/filings/0001628280-26-008033.md) | [7,175](/filings/0001628280-26-008033.md) | [7,152](/filings/0001628280-26-008033.md) |
| Gross margin | % | [23.5%](/filings/0001628280-24-005284.md) | [22.8%](/filings/0001628280-25-006009.md) | [21.9%](/filings/0001628280-26-008033.md) | [20.4%](/filings/0001628280-26-008033.md) | [19.1%](/filings/0001628280-26-008033.md) |
| Operating margin | % | [9.6%](/filings/0001628280-24-005284.md) | [9.4%](/filings/0001628280-25-006009.md) | [7.8%](/filings/0001628280-26-008033.md) | [4.0%](/filings/0001628280-26-008033.md) | [(4.9%)](/filings/0001628280-26-008033.md) |
| Net margin | % | [6.6%](/filings/0001628280-24-005284.md) | [5.2%](/filings/0001628280-25-006009.md) | [5.6%](/filings/0001628280-26-008033.md) | [1.5%](/filings/0001628280-26-008033.md) | [(6.5%)](/filings/0001628280-26-008033.md) |
| Diluted EPS | $ per share | [7.88](/filings/0001628280-24-005284.md) | [7.44](/filings/0001628280-25-006009.md) | [8.71](/filings/0001628280-26-008033.md) | [1.95](/filings/0001628280-26-008033.md) | [(8.18)](/filings/0001628280-26-008033.md) |
| Free cash flow | $m | [10.9](/filings/0001628280-24-005284.md) | [202](/filings/0001628280-25-006009.md) | [513](/filings/0001628280-26-008033.md) | [6.5](/filings/0001628280-26-008033.md) | [558](/filings/0001628280-26-008033.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pii/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $501.4m | 7,325,540 |  | Added +269,834 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $198.0m | 2,892,742 |  | Added +105,829 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $184.3m | 2,692,541 |  | Added +121,031 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $175.6m | 2,566,179 |  | Added +390,761 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $166.6m | 2,434,514 |  | Added +25,440 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $138.1m | 2,017,241 |  | Added +45,147 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $110.1m | 1,609,055 |  | Reduced −2,288,608 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $98.9m | 1,444,365 |  | Added +35,746 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $91.7m | 1,340,113 |  | Reduced −206,147 |
| [CANADA PENSION PLAN INVESTMENT BOARD](/funds/1283718.md) | 2026-06-30 | $77.8m | 1,137,008 |  | Reduced −63,592 |

## Recent filings

[All 1,900 filings](/companies/pii/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 14:50 ET | [10-Q](/filings/0001628280-26-067531.md) | Quarterly report, period 2026-09-30 | 0001628280-26-067531 |
| 2026-10-27 | 18:21 ET | [8-K](/filings/0001628280-26-067358.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-067358 |
| 2026-07-28 | 15:39 ET | [10-Q](/filings/0001628280-26-050104.md) | Quarterly report, period 2026-06-30 | 0001628280-26-050104 |
| 2026-07-28 | 19:24 ET | [8-K](/filings/0001628280-26-049902.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-049902 |
| 2026-06-22 | 08:00 ET | [8-K](/filings/0001628280-26-044485.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-044485 |
| 2026-05-01 | 16:01 ET | [8-K](/filings/0001628280-26-029305.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-029305 |
| 2026-04-28 | 14:07 ET | [10-Q](/filings/0001628280-26-027854.md) | Quarterly report, period 2026-03-31 | 0001628280-26-027854 |
| 2026-04-28 | 19:31 ET | [8-K](/filings/0001628280-26-027677.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-027677 |
| 2026-03-17 | 16:45 ET | [DEF 14A](/filings/0001308179-26-000087.md) | Proxy statement, period 2026-04-30 | 0001308179-26-000087 |
| 2026-02-13 | 14:23 ET | [10-K](/filings/0001628280-26-008033.md) | Annual report, period 2025-12-31 | 0001628280-26-008033 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-008033.md), filed Feb 13, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 931015
- Tickers: PII
- Exchange: NYSE
- SIC code: 3790 Miscellaneous Transportation Equipment
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:31 ET. No prices; not investment advice.