PII Stock Analysis: Polaris Industries | NYSE
Recreational Vehicles | NYSE, USA | Market Cap: 4.197m USD | 12M Return: 48.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 53.2M
Qual. Beats: 1
Rev. Trend: -90.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: -446.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.03 > 1.0 |
| NWC/Revenue: 6.27% < 20% (prev 4.05%; Δ 2.22% < -1%) |
| CFO/TA 0.06 > 3% & CFO 337.6m > Net Income -446.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.4m) vs 12m ago 0.88% < -2% |
| Gross Margin: 19.64% > 18% (prev 18.83%; Δ 0.81% > 0.5%) |
| Asset Turnover: 136.1% > 50% (prev 128.0%; Δ 8.11% > 0%) |
| Interest Coverage Ratio: -3.04 > 6 (EBIT TTM -390.7m / Interest Expense TTM 128.6m) |
| A: 0.09 (Total Current Assets 2.59b - Total Current Liabilities 2.13b) / Total Assets 5.24b |
| B: -0.11 (Retained Earnings -560.3m / Total Assets 5.24b) |
| C: -0.07 (EBIT TTM -390.7m / Avg Total Assets 5.35b) |
| D: 0.17 (Book Value of Equity 750.4m / Total Liabilities 4.49b) |
| Altman-Z'' = -0.09 = B |
| DSRI: 1.13 (Receivables 284.7m/240.5m, Revenue 7.27b/6.97b) |
| GMI: 0.96 (GM 18.83% / 19.64%) |
| AQI: 1.02 (AQ_t 0.29 / AQ_t-1 0.29) |
| SGI: 1.04 (Revenue 7.27b / 6.97b) |
| TATA: -0.15 (NI -446.1m - CFO 337.6m) / TA 5.24b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of July 23, 2026, the stock is trading at USD 74.19 with a total of 487,715 shares traded. Over the past week, the price has changed by +3.78%, over one month by +7.90%, over three months by +27.99% and over the past year by +48.88%.
Current recommended Stop Loss: 70.70 (which is 4.7% 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 | 68.3 | -7.9% |
P/E Forward = 52.9101
P/S = 0.5708
P/B = 5.4195
P/EG = 3.3368
Revenue TTM = 7.27b USD
EBIT TTM = -390.7m USD
EBITDA TTM = -115.0m USD
Long Term Debt = 2.06b USD (from longTermDebt, last quarter)
Short Term Debt = 59.3m USD (from shortTermDebt, last quarter)
Debt = 2.32b USD (from shortLongTermDebtTotal, last quarter) + Leases 114.6m
Net Debt = 2.04b USD (calculated: Debt 2.32b - CCE 282.0m)
Enterprise Value = 6.24b USD (4.20b + Debt 2.32b - CCE 282.0m)
Interest Coverage Ratio = -3.04 (Ebit TTM -390.7m / Interest Expense TTM 128.6m)
EV/FCF = 38.82x (Enterprise Value 6.24b / FCF TTM 160.6m)
FCF Yield = 2.58% (FCF TTM 160.6m / Enterprise Value 6.24b)
FCF Margin = 2.21% (FCF TTM 160.6m / Revenue TTM 7.27b)
Net Margin = -6.13% (Net Income TTM -446.1m / Revenue TTM 7.27b)
Gross Margin = 19.64% ((Revenue TTM 7.27b - Cost of Revenue TTM 5.85b) / Revenue TTM)
Gross Margin QoQ = 20.18% (prev 20.22%)
Tobins Q-Ratio = 1.19 (Enterprise Value 6.24b / Total Assets 5.24b)
Interest Expense / Debt = 5.54% (Interest Expense 128.6m / Debt 2.32b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -308.7m (EBIT -390.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.21 (Total Current Assets 2.59b / Total Current Liabilities 2.13b)
Debt / Equity = 3.09 (Debt 2.32b / totalStockholderEquity, last quarter 750.4m)
Debt / EBITDA = -17.72 (negative EBITDA) (Net Debt 2.04b / EBITDA -115.0m)
Debt / FCF = 12.69 (Net Debt 2.04b / FCF TTM 160.6m)
Total Stockholder Equity = 978.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -8.34% (Net Income -446.1m / Total Assets 5.24b)
RoE = -45.60% (Net Income TTM -446.1m / Total Stockholder Equity 978.4m)
RoCE = -12.88% (EBIT -390.7m / Capital Employed (Equity 978.4m + L.T.Debt 2.06b))
RoIC = -10.70% (negative operating profit) (NOPAT -308.7m / Invested Capital 2.88b)
WACC = 8.14% (E(4.20b)/V(6.52b) * Re(10.22%) + D(2.32b)/V(6.52b) * Rd(5.54%) * (1-Tc(0.21)))
Discount Rate = 10.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 7.33 | Cagr: 0.16%
[DCF] Terminal Value 74.75% ; FCFF base≈163.9m ; Y1≈157.8m ; Y5≈153.7m
[DCF] Fair Price = 6.59 (EV 2.41b - Net Debt 2.04b = Equity 374.7m / Shares 56.9m; r=8.35% [WACC [floored]]; 5y FCF grow -4.91% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.38 | # QB: 1
Revenue Correlation: -90.45 | Revenue CAGR: -10.57% | SUE: 0.21 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=+0.90% | Revisions=-25% | Analysts=16
EPS next Quarter (2026-09-30): EPS=0.71 | Chg30d=-0.10% | Revisions=-57% | Analysts=16
EPS current Year (2026-12-31): EPS=1.82 | Chg30d=+0.17% | Revisions=+25% | GrowthEPS=+18339.1% | GrowthRev=+1.9%
EPS next Year (2027-12-31): EPS=3.11 | Chg30d=+0.00% | Revisions=-17% | GrowthEPS=+70.7% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -42% (up=2, down=7)