Polaris (PII)
Makes off-road vehicles, snowmobiles, and boats, with parts and rider gear sold through dealers.
$53.50
vs last close−0.91 (−1.67%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,249 | 2,289 | 1,736 | 1,961 | 1,722 | 1,755 | 1,536 | 1,853 | 1,842 | 1,922 | 1,659 | 2,023 |
| Cost of revenue | 1,754 | 1,827 | 1,425 | 1,557 | 1,383 | 1,416 | 1,305 | 1,509 | 1,480 | 1,533 | 1,324 | 1,545 |
| Gross profit | 495 | 463 | 311 | 404 | 340 | 339 | 230 | 344 | 362 | 389 | 335 | 478 |
| 315 | 336 | 299 | 305 | 283 | 305 | 279 | 322 | 316 | 436 | 390 | 346 | |
| Research & development | 92 | 93 | 88 | 87 | 84 | 78 | 83 | 90 | 93 | 106 | 82 | 94 |
| 223 | 243 | 211 | 218 | 199 | 227 | 196 | 232 | 223 | 330 | 276 | 255 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114 | 112 |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163 | 143 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 | −3 |
| Operating income | 180 | 127 | 13 | 99 | 57 | 35 | −49 | 22 | 46 | −47 | −55 | 132 |
| 2 | −6 | −5 | −13 | −22 | −23 | −22 | −115 | −58 | −310 | −3 | 14 | |
| Interest expense | 35 | 34 | 33 | 36 | 38 | 35 | 35 | 34 | 34 | 31 | 30 | 34 |
| Other non-operating income | −37 | −28 | −28 | −23 | −16 | −13 | −12 | 81 | 24 | 279 | −28 | −48 |
| Income before tax | 182 | 121 | 8 | 86 | 35 | 12 | −71 | −93 | −12 | −357 | −58 | 146 |
| Income tax expense | 30 | 18 | 4 | 17 | 7 | 1 | −4 | −14 | 4 | −54 | −10 | 27 |
| Net income from continuing operations | 152 | 103 | 4 | 69 | 28 | 11 | −67 | −79 | −16 | −303 | −47 | 119 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −13 |
| Net income | 152 | 103 | 4 | 69 | 28 | 11 | −67 | −79 | −16 | −304 | −47 | 106 |
| EPS, basic | $2.66 | $1.82 | $0.07 | $1.21 | $0.49 | $0.19 | −$1.17 | −$1.39 | −$0.28 | −$5.34 | −$0.83 | $1.86 |
| EPS, diluted | $2.62 | $1.81 | $0.07 | $1.21 | $0.49 | $0.19 | −$1.17 | −$1.39 | −$0.28 | −$5.34 | −$0.83 | $1.84 |
| Weighted average shares, basic | 57 | 57 | 57 | 57 | 56 | 57 | 57 | 57 | 57 | 57 | 57 | 57 |
| Weighted average shares, diluted | 58 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 58 |
| EBITDA | 283 | 227 | 104 | 192 | 147 | 127 | 37 | 14 | 94 | −259 | 36 | 245 |
| Depreciation & amortization | 66 | 72 | 63 | 70 | 74 | 80 | 73 | 73 | 73 | 67 | 63 | 65 |
| EBIT | 217 | 155 | 41 | 122 | 73 | 47 | −37 | −59 | 22 | −326 | −27 | 180 |
