PII Stock Analysis: Polaris Industries | NYSE
Recreational Vehicles | NYSE, USA | Market Cap: 3.558m USD | 12M Return: 1.8% | US7310681025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.8M
Qual. Beats: 2
Rev. Trend: -81.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Polaris Inc. (NYSE: PII) is a U.S.-based powersports manufacturer that designs, engineers, and markets a broad range of vehicles across three reporting segments: Off Road, On Road, and Marine. Its product lineup spans all-terrain vehicles, side-by-side vehicles, military and commercial ORVs, snowmobiles, motorcycles, moto-roadsters, quadricycles, and pontoon and deck boats, with operations in the United States, Canada, and international markets.
In addition to vehicles, the company sells source parts, garments, and accessories-including helmets, jackets, gloves, performance parts, winches, plows, tracks, and chrome accessories-through dealers, distributors, and online channels. The parts, garments, and accessories (PG&A) business is a typical higher-margin component of powersports manufacturers, often used to smooth revenue across the highly seasonal vehicle sales cycle, which peaks in summer for ORVs and in winter for snowmobiles.
Polaris was founded in 1945 and is headquartered in Medina, Minnesota. The company sits within the Consumer Discretionary sector under the Leisure Products sub-industry, a classification that reflects its reliance on discretionary consumer spending on recreational goods and its exposure to weather-driven demand patterns and broader economic cycles.
- Off-Road side-by-side demand recovers as dealer inventory normalizes
- Marine segment drives revenue growth amid On Road motorcycle softness
- Consumer discretionary spending and tariffs pressure powersports margins
| Net Income: -260.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -6.46 > 1.0 |
| NWC/Revenue: 5.74% < 20% (prev 1.59%; Δ 4.15% < -1%) |
| CFO/TA 0.05 > 3% & CFO 247.5m > Net Income -260.4m |
| Net Debt (1.76b) to EBITDA (116.1m): 15.14 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.3m) vs 12m ago 2.46% < -2% |
| Gross Margin: 21.00% > 18% (prev 18.26%; Δ 2.74% > 0.5%) |
| Asset Turnover: 140.6% > 50% (prev 127.4%; Δ 13.20% > 0%) |
| Interest Coverage Ratio: -1.18 > 6 (EBIT TTM -152.0m / Interest Expense TTM 128.7m) |
| A: 0.08 (Total Current Assets 2.57b - Total Current Liabilities 2.14b) / Total Assets 5.20b |
| B: -0.10 (Retained Earnings -496.0m / Total Assets 5.20b) |
| C: -0.03 (EBIT TTM -152.0m / Avg Total Assets 5.29b) |
| D: 0.19 (Book Value of Equity 836.5m / Total Liabilities 4.36b) |
| Altman-Z'' = 0.24 = B |
| DSRI: 1.07 (Receivables 314.2m/270.0m, Revenue 7.45b/6.87b) |
| GMI: 0.87 (GM 18.26% / 21.00%) |
| AQI: 1.07 (AQ_t 0.30 / AQ_t-1 0.28) |
| SGI: 1.08 (Revenue 7.45b / 6.87b) |
| TATA: -0.10 (NI -260.4m - CFO 247.5m) / TA 5.20b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of September 15, 2026, the stock is trading at USD 58.51 with a total of 575,426 shares traded. Over the past week, the price has changed by -4.22%, over one month by -15.63%, over three months by -14.78% and over the past year by +1.75%.
Current recommended Stop Loss: 55.40 (which is 5.3% or 1.3 ATR below the current price).
Polaris Industries has received a consensus analysts rating of 3.22. Therefore, it is recommended to hold PII.
- StrongBuy: 2
- Buy: 1
- Hold: 14
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 72.7 | 24.3% |
P/E Forward = 14.8368
P/S = 0.4733
P/B = 4.1557
P/EG = 3.3368
Revenue TTM = 7.45b USD
EBIT TTM = -152.0m USD
EBITDA TTM = 116.1m USD
Long Term Debt = 1.92b USD (from longTermDebt, last quarter)
Short Term Debt = 34.8m USD (from shortTermDebt, last quarter)
Debt = 2.06b USD (from shortLongTermDebtTotal, last quarter) + Leases 108.3m
Net Debt = 1.76b USD (calculated: Debt 2.06b - CCE 302.1m)
Enterprise Value = 5.32b USD (3.56b + Debt 2.06b - CCE 302.1m)
Interest Coverage Ratio = -1.18 (Ebit TTM -152.0m / Interest Expense TTM 128.7m)
EV/FCF = 79.45x (Enterprise Value 5.32b / FCF TTM 66.9m)
FCF Yield = 1.26% (FCF TTM 66.9m / Enterprise Value 5.32b)
FCF Margin = 0.90% (FCF TTM 66.9m / Revenue TTM 7.45b)
Net Margin = -3.50% (Net Income TTM -260.4m / Revenue TTM 7.45b)
Gross Margin = 21.00% ((Revenue TTM 7.45b - Cost of Revenue TTM 5.88b) / Revenue TTM)
Gross Margin QoQ = 23.65% (prev 20.18%)
Tobins Q-Ratio = 1.02 (Enterprise Value 5.32b / Total Assets 5.20b)
Interest Expense / Debt = 6.25% (Interest Expense 128.7m / Debt 2.06b)
Taxrate = 18.36% (26.8m / 146.0m)
NOPAT = -124.1m (EBIT -152.0m * (1 - 18.36%)) [loss with tax shield]
Current Ratio = 1.20 (Total Current Assets 2.57b / Total Current Liabilities 2.14b)
Debt / Equity = 2.46 (Debt 2.06b / totalStockholderEquity, last quarter 836.5m)
Debt / EBITDA = 15.14 (Net Debt 1.76b / EBITDA 116.1m)
Debt / FCF = 26.27 (Net Debt 1.76b / FCF TTM 66.9m)
Total Stockholder Equity = 891.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.92% (Net Income -260.4m / Total Assets 5.20b)
RoE = -29.22% (Net Income TTM -260.4m / Total Stockholder Equity 891.2m)
RoCE = -5.41% (EBIT -152.0m / Capital Employed (Equity 891.2m + L.T.Debt 1.92b))
RoIC = -4.45% (negative operating profit) (NOPAT -124.1m / Invested Capital 2.79b)
WACC = 8.58% (E(3.56b)/V(5.62b) * Re(10.60%) + D(2.06b)/V(5.62b) * Rd(6.25%) * (1-Tc(0.18)))
Discount Rate = 10.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.52 | Cagr: 0.85%
[DCF] Terminal Value 72.22% ; FCFF base≈207.1m ; Y1≈181.6m ; Y5≈146.7m
[DCF] Fair Price = 8.96 (EV 2.27b - Net Debt 1.76b = Equity 510.1m / Shares 56.9m; r=8.58% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.79 | # QB: 2
Revenue Correlation: -80.98 | Revenue CAGR: -8.56% | SUE: 0.72 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.59 | Chg30d=-2.68% | Revisions=-71% | Analysts=15
EPS current Year (2026-12-31): EPS=3.14 | Chg30d=+7.90% | Revisions=+72% | GrowthEPS=+31469.4% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=3.40 | Chg30d=+0.88% | Revisions=+80% | GrowthEPS=+8.3% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +30% (up=27, down=14)