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Polaris Inc. (PII) stock

PIINYSEMiscellaneous Transportation EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/309% below fair value
$64.69−1.65 (-2.49%)

Close on Nov 12, 2026Market cap $3.68BP/E –Yield 4.14%

Polaris Inc. grew revenue 9.5% to $7.65B over the twelve months to Sep 30, 2026. Operating income fell 468.3% to -$137.00M, moving the operating margin from 0.5% to -1.8%. Free cash flow was $265.50M, down 54.3% from a year earlier. At the latest close the market valued the company at $3.68B.

Revenue
$7.65B
+9.5% vs. a year earlier
Operating income
-$137.00M
-468.3% vs. a year earlier
Free cash flow
$265.50M
-54.3% vs. a year earlier
EPS, diluted
-$3.69
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$3.68B
P/E ratio
–
Price to sales
0.48
Price to book
4.36
Dividend yield
4.14%
Free cash flow yield
7.21%

Fundamentals

Revenue
$7.65B
Net income
-$206.20M
EPS, diluted
-$3.69
Free cash flow
$265.50M
Book value per share
$14.44
Diluted shares
59M

Trading

Next earnings
Jan 26, 2027 (estimated, after the close)
Previous close
$66.34
Open
$66.29
Day's range
$64.48 – $66.57
Volume
529,460
Average volume (20 days)
897,109
Index membership
S&P MidCap 400, Russell 2000 (since Jun 2025), Russell 3000
Beta (5 years)
1.09
52-week range
$47.14 – $77.98
RSI (14 days)
60.7
Volatility (1 year)
47.9%
Relative volume
0.64×
WACC
9.1%

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodPIIS&P 500DifferencePII per yearS&P 500 per year
1 month+26.3%-2.7%+29.0 pts
3 months-4.6%-1.7%−2.8 pts
Year to date+5.6%+11.9%−6.3 pts
1 year+2.2%+12.0%−9.8 pts
3 years-16.4%+78.2%−94.6 pts-5.8%+21.2%
5 years-38.2%+73.2%−111.4 pts-9.2%+11.6%
10 years-3.4%+309.6%−313.0 pts-0.3%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$7.65B+9.5% YoY

Gross profit

$1.63B+21.4% YoY

Operating income

-$137.00M-468.3% YoY

Net income

-$206.20M

EPS, diluted

-$3.69

Free cash flow

$265.50M-54.3% YoY
Reported periodTrailing twelve months

Press releases

Releases Polaris filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Polaris

Miscellaneous Transportation Equipment

Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles, replacement parts, gear, and accessories. The company operates across three primary business segments: Off Road, On Road, and Marine. Its product lineup encompasses off-road vehicles such as all-terrain vehicles and side-by-sides, snowmobiles, commercial and tactical defense vehicles, moto-roadsters, light-duty hauling vehicles, and recreational pontoon and deck boats. Polaris serves individual consumers for outdoor recreation, commercial clients in farming and construction, and government and military organizations.

Company profile, executives and history

Polaris stock: common questions

What is Polaris's stock price?

PII closed at $64.69 on Nov 12, 2026, down 2.49% on the day. Over the past 52 weeks it traded between $47.14 and $77.98.

What is Polaris's market cap?

Polaris was worth $3.68B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is PII's P/E ratio?

Polaris lost money over the twelve months to Sep 30, 2026 (diluted EPS -$3.69), so it has no meaningful P/E ratio.

How much revenue does Polaris make?

Polaris reported revenue of $7.65B for the twelve months to Sep 30, 2026, up 9.5% from a year earlier.

Does Polaris pay a dividend?

Yes. Polaris paid $2.68 per share over the last twelve months, a yield of 4.14% at the latest price, and has raised its annual dividend 17 years in a row.

When does Polaris report earnings next?

Polaris is expected to report Q4 FY2026 results on Jan 26, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has PII stock performed over the past year?

Including dividends, PII returned +2.2% over the past year, against +12.0% for the S&P 500.

How many PII shares are sold short?

5M shares were sold short at the latest FINRA report, 9.62% of the float, or 5.4 days of average trading volume.

Who are Polaris's competitors?

Companies most similar to Polaris by business, industry and size include DOO, THO, OSK, DAN, HOG.

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