PII Stock Analysis: Polaris Industries | NYSE
Recreational Vehicles | NYSE, USA | Market Cap: 3.590m USD | 12M Return: 8.3% | US7310681025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 48.9M
Qual. Beats: 3
Rev. Trend: -63.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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. is a U.S.-based powersports vehicle manufacturer founded in 1945 and headquartered in Medina, Minnesota. The company operates through three segments-Off Road, On Road, and Marine-producing a diversified lineup that includes all-terrain vehicles (ATVs), side-by-side vehicles, snowmobiles, motorcycles, moto-roadsters, quadricycles, and pontoon and deck boats. Polaris also markets a wide range of branded parts, garments, and accessories such as helmets, jackets, gloves, performance parts, and replacement components across its product categories.
The company distributes its products through dealers, distributors, and online channels, serving customers in the United States, Canada, and international markets. As a member of the Consumer Discretionary sector within the Leisure Products sub-industry, Polaris benefits from a diversified portfolio spanning multiple powersports categories, which helps offset the seasonal nature of demand-snowmobiles typically sell strongest in colder months while ORVs and motorcycles peak in warmer seasons.
- Side-by-side demand drives Off Road segment revenue growth
- Marine segment margins pressured by boat inventory buildup
- Snowmobile sales benefit from favorable winter snowfall conditions
| Net Income: -206.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -5.70 > 1.0 |
| NWC/Revenue: 1.91% < 20% (prev 0.80%; Δ 1.12% < -1%) |
| CFO/TA 0.09 > 3% & CFO 470.5m > Net Income -206.2m |
| Net Debt (1.46b) to EBITDA (174.0m): 8.37 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.5m) vs 12m ago 2.81% < -2% |
| Gross Margin: 21.37% > 18% (prev 18.26%; Δ 3.11% > 0.5%) |
| Asset Turnover: 147.7% > 50% (prev 131.7%; Δ 15.99% > 0%) |
| Interest Coverage Ratio: -0.72 > 6 (EBIT TTM -89.1m / Interest Expense TTM 123.3m) |
| A: 0.03 (Total Current Assets 2.44b - Total Current Liabilities 2.29b) / Total Assets 5.05b |
| B: -0.10 (Retained Earnings -496.3m / Total Assets 5.05b) |
| C: -0.02 (EBIT TTM -89.1m / Avg Total Assets 5.18b) |
| D: 0.20 (Book Value of Equity 844.5m / Total Liabilities 4.20b) |
| Altman-Z'' = -0.03 = B |
| DSRI: 1.05 (Receivables 297.9m/259.3m, Revenue 7.65b/6.99b) |
| GMI: 0.85 (GM 18.26% / 21.37%) |
| AQI: 1.06 (AQ_t 0.30 / AQ_t-1 0.28) |
| SGI: 1.09 (Revenue 7.65b / 6.99b) |
| TATA: -0.13 (NI -206.2m - CFO 470.5m) / TA 5.05b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of November 10, 2026, the stock is trading at USD 67.14 with a total of 874,938 shares traded. Over the past week, the price has changed by +7.30%, over one month by +30.12%, over three months by -2.74% and over the past year by +8.29%.
Current recommended Stop Loss: 63.90 (which is 4.8% or 1.3 ATR below the current price).
Polaris Industries has received a consensus analysts rating of 3.28. Therefore, it is recommended to hold PII.
- StrongBuy: 2
- Buy: 2
- Hold: 13
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 63.6 | -5.3% |
P/E Forward = 18.9036
P/S = 0.4654
P/B = 4.3343
P/EG = 2.1631
Revenue TTM = 7.65b USD
EBIT TTM = -89.1m USD
EBITDA TTM = 174.0m USD
Long Term Debt = 1.59b USD (from longTermDebt, last quarter)
Short Term Debt = 35.2m USD (from shortTermDebt, last quarter)
Debt = 1.76b USD (from shortLongTermDebtTotal, last quarter) + Leases 129.7m
Net Debt = 1.46b USD (calculated: Debt 1.76b - CCE 301.7m)
Enterprise Value = 5.05b USD (3.59b + Debt 1.76b - CCE 301.7m)
Interest Coverage Ratio = -0.72 (Ebit TTM -89.1m / Interest Expense TTM 123.3m)
EV/FCF = 19.01x (Enterprise Value 5.05b / FCF TTM 265.5m)
FCF Yield = 5.26% (FCF TTM 265.5m / Enterprise Value 5.05b)
FCF Margin = 3.47% (FCF TTM 265.5m / Revenue TTM 7.65b)
Net Margin = -2.70% (Net Income TTM -206.2m / Revenue TTM 7.65b)
Gross Margin = 21.37% ((Revenue TTM 7.65b - Cost of Revenue TTM 6.01b) / Revenue TTM)
Gross Margin QoQ = 21.17% (prev 23.65%)
Tobins Q-Ratio = 1.00 (Enterprise Value 5.05b / Total Assets 5.05b)
Interest Expense / Debt = 7.01% (Interest Expense 123.3m / Debt 1.76b)
Taxrate = 31.32% (17.6m / 56.2m)
NOPAT = -61.2m (EBIT -89.1m * (1 - 31.32%)) [loss with tax shield]
Current Ratio = 1.06 (Total Current Assets 2.44b / Total Current Liabilities 2.29b)
Debt / Equity = 2.08 (Debt 1.76b / totalStockholderEquity, last quarter 844.5m)
Debt / EBITDA = 8.37 (Net Debt 1.46b / EBITDA 174.0m)
Debt / FCF = 5.49 (Net Debt 1.46b / FCF TTM 265.5m)
Total Stockholder Equity = 815.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.98% (Net Income -206.2m / Total Assets 5.05b)
RoE = -25.30% (Net Income TTM -206.2m / Total Stockholder Equity 815.0m)
RoCE = -3.70% (EBIT -89.1m / Capital Employed (Equity 815.0m + L.T.Debt 1.59b))
RoIC = -2.46% (negative operating profit) (NOPAT -61.2m / Invested Capital 2.49b)
WACC = 8.16% (E(3.59b)/V(5.35b) * Re(9.79%) + D(1.76b)/V(5.35b) * Rd(7.01%) * (1-Tc(0.31)))
Discount Rate = 9.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.16 | Cagr: 1.24%
[DCF] Terminal Value 73.10% ; FCFF base≈391.9m ; Y1≈343.6m ; Y5≈277.6m
[DCF] Fair Price = 52.70 (EV 4.46b - Net Debt 1.46b = Equity 3.00b / Shares 56.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.05 | # QB: 3
Revenue Correlation: -63.12 | Revenue CAGR: -5.75% | SUE: 2.43 | # QB: 1
EPS current Quarter (2027-03-31): EPS=0.24 | Chg30d=-51.27% | Revisions=-31% | Analysts=10
EPS current Year (2026-12-31): EPS=3.59 | Chg30d=+14.20% | Revisions=+64% | GrowthEPS=+35972.9% | GrowthRev=+6.2%
EPS next Year (2027-12-31): EPS=3.12 | Chg30d=-8.23% | Revisions=-75% | GrowthEPS=-13.0% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -12% (up=13, down=17)