Polaris Inc.
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PII FY 2025 request
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/api/financials?ticker=PII&year=2025&quarter=4&full_year_mode=true
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| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue (FY) | — | — | — |
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| PG&A | 1,871.6 | 1,706.4 | +9.7% |
| PG&A · Marine | 0.5 | 0.4 | +25.0% |
| PG&A · Off Road | 1,679.5 | 1,522.9 | +10.3% |
| PG&A · On Road | 191.6 | 183.1 | +4.6% |
| Wholegoods | 5,280.4 | 5,469 | -3.4% |
| Wholegoods · Marine | 511.9 | 480.5 | +6.5% |
| Wholegoods · Off Road | 4,033.6 | 4,183.8 | -3.6% |
| Wholegoods · On Road | 734.9 | 804.7 | -8.7% |
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| Marine | 512.4 | 480.9 | +6.6% |
| Marine · APLA | 1.9 | 2.8 | -32.1% |
| Marine · CA | 10.3 | 11.1 | -7.2% |
| Marine · EMEA | 0.2 | 0.3 | -33.3% |
| Marine · Operating Segments | 512.4 | 480.9 | +6.6% |
| Marine · US | 500 | 466.7 | +7.1% |
| Off Road | 5,713.1 | 5,706.7 | +0.1% |
| Off Road · APLA | 231.3 | 245.5 | -5.8% |
| Off Road · CA | 381.1 | 396.2 | -3.8% |
| Off Road · EMEA | 367.7 | 355.2 | +3.5% |
| Off Road · Operating Segments | 5,713.1 | 5,706.7 | +0.1% |
| Off Road · US | 4,733 | 4,709.8 | +0.5% |
| On Road | 926.5 | 987.8 | -6.2% |
| On Road · APLA | 46.6 | 49 | -4.9% |
| On Road · CA | 28.5 | 38.9 | -26.7% |
| On Road · EMEA | 422.1 | 447.4 | -5.7% |
| On Road · Operating Segments | 926.5 | 987.8 | -6.2% |
| On Road · US | 429.3 | 452.5 | -5.1% |
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| APLA | 279.8 | 297.3 | -5.9% |
| CA | 419.9 | 446.2 | -5.9% |
| EMEA | 790 | 802.9 | -1.6% |
| US | 5,662.3 | 5,629 | +0.6% |
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| Revenue | 7,152 | 7,175.4 | -0.3% |
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| Operating Segments | 7,152 | 7,175.4 | -0.3% |
| Cost of Revenue (FY) | — | — | — |
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| Cost of Revenue | 5,783.3 | 5,708.6 | +1.3% |
| Gross Profit (FY) | — | — | — |
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| Gross Profit | 1,368.7 | 1,466.8 | -6.7% |
| Sales & Marketing (FY) | — | — | — |
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| Sales & Marketing | 505 | 500.4 | +0.9% |
| Research & Development (FY) | — | — | — |
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| Research & Development | 371.9 | 336.9 | +10.4% |
| General & Administrative (FY) | — | — | — |
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| General & Administrative | 541.8 | 436.5 | +24.1% |
| Goodwill Impairment Loss (FY) | — | — | — |
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| On Road | 52.6 | — | — |
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| Goodwill Impairment Loss | 52.6 | — | — |
| Disposal Group Not Discontinued Operation Loss Gain On Write Down (FY) | — | — | — |
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| Disposal Group Not Discontinued Operation Loss Gain On Write Down | 330.4 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations · Indian Motorcycle Business | 330.4 | — | — |
| Operating Expenses (FY) | — | — | — |
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| Operating Expenses | 1,801.7 | 1,273.8 | +41.4% |
| Other Revenue (FY) | — | — | — |
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| Financial Service | 84.3 | 97.6 | -13.6% |
| Operating Income (FY) | — | — | — |
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| Operating Income | -348.7 | 290.6 | -220.0% |
| Interest Expense (FY) | — | — | — |
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| Interest Expense | 131.4 | 137 | -4.1% |
| Other Non-Operating Income (Expense) (FY) | — | — | — |
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| Other Non-Operating Income (Expense) | 52.6 | 12.8 | +310.9% |
| Income Before Taxes (FY) | — | — | — |
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| Income Before Taxes | -532.7 | 140.8 | -478.3% |
| Income Tax Expense (Benefit) (FY) | — | — | — |
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| Income Tax Expense (Benefit) | -67.9 | 29.6 | -329.4% |
| Net Income (FY) | — | — | — |
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| Noncontrolling Interest | 0.7 | 0.4 | +75.0% |
| Retained Earnings | -465.5 | 110.8 | -520.1% |
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| Net Income | -464.8 | 111.2 | -518.0% |
| Net Income Loss Attributable To Noncontrolling Interest (FY) | — | — | — |
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| Net Income Loss Attributable To Noncontrolling Interest | -0.7 | -0.4 | -75.0% |
| Net Income (FY) | — | — | — |
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| Net Income | -465.5 | 110.8 | -520.1% |
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| Polaris Acceptance | 84.2 | 107.6 | -21.7% |
| EPS (Basic) (FY) | — | — | — |
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| EPS (Basic) | -8.18 | 1.96 | -517.3% |
| EPS (Diluted) (FY) | — | — | — |
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| EPS (Diluted) | -8.18 | 1.95 | -519.5% |
| Wtd Avg Shares (Basic) (FY) | — | — | — |
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| Wtd Avg Shares (Basic) | 56.9 | 56.5 | +0.7% |
| Wtd Avg Shares (Diluted) (FY) | — | — | — |
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| Wtd Avg Shares (Diluted) | 56.9 | 56.8 | +0.2% |
| Revenue (FY) | — | — | — |
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| Polaris Acceptance | 100.1 | 121.5 | -17.6% |
| Total Costs & Expenses (FY) | — | — | — |
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| Polaris Acceptance | 15.9 | 13.9 | +14.4% |
| Comprehensive Income (FY) | — | — | — |
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| Comprehensive Income | -372.1 | 42.8 | -969.4% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents (Q) | — | — | — |
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| Cash & Cash Equivalents | 138 | 287.8 | -52.1% |
| Accounts Receivable (Q) | — | — | — |
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| Accounts Receivable | 237.5 | 192.3 | +23.5% |
| Inventory (Q) | — | — | — |
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| Inventory | 1,412.4 | 1,741.5 | -18.9% |
| Prepaid Expenses & Other Current Assets (Q) | — | — | — |
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| Prepaid Expenses & Other Current Assets | 366.9 | 395.7 | -7.3% |
| Income Taxes Receivable (Q) | — | — | — |
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| Income Taxes Receivable | 2 | 15.1 | -86.8% |
| Assets Of Disposal Group Including Discontinued Operation Current (Q) | — | — | — |
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| Assets Of Disposal Group Including Discontinued Operation Current | 49.8 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations · Indian Motorcycle Business | 49.8 | — | — |
| Total Current Assets (Q) | — | — | — |
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| Total Current Assets | 2,206.6 | 2,632.4 | -16.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment (Q) | — | — | — |
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| Property, Plant & Equipment | 1,030.6 | 1,186.7 | -13.2% |
| Deferred Tax Assets (Q) | — | — | — |
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| Deferred Tax Assets | 525.5 | 384.6 | +36.6% |
| Operating Lease Right-of-Use Assets (Q) | — | — | — |
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| Operating Lease Right-of-Use Assets | 121 | 127.2 | -4.9% |
| Other Non-Current Assets (Q) | — | — | — |
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| Other Non-Current Assets | 78.5 | 121.4 | -35.3% |
| Total Assets (Q) | — | — | — |
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| Total Assets | 4,893.7 | 5,525.2 | -11.4% |
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| Polaris Acceptance | 1,781.4 | 1,842.2 | -3.3% |
| Goodwill (Q) | — | — | — |
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| Marine | 230.6 | 230.6 | 0.0% |
| Off Road | 118.2 | 116.2 | +1.7% |
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| Goodwill | 348.8 | 393.5 | -11.4% |
| Intangible Assets (Q) | — | — | — |
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| Customer Relationships | 209.9 | 226.4 | -7.3% |
| Other Assets | |||
| Investments In Affiliates Subsidiaries Associates And Joint Ventures (Q) | — | — | — |
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| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 131.5 | 136.7 | -3.8% |
| Intangible Assets Net Including Goodwill (Q) | — | — | — |
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| Intangible Assets Net Including Goodwill | 800 | 936.2 | -14.5% |
| Current Liabilities | |||
| Long Term Debt And Capital Lease Obligations Current (Q) | — | — | — |
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| Long Term Debt And Capital Lease Obligations Current | 34.8 | 434.3 | -92.0% |
| Accounts Payable (Q) | — | — | — |
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| Accounts Payable | 762.5 | 562.8 | +35.5% |
| Accrued Liabilities (Q) | — | — | — |
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| Accrued Liabilities | 1,355 | 1,259.7 | +7.6% |
| Other Liabilities Current (Q) | — | — | — |
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| Other Liabilities Current | 40.5 | 36.4 | +11.3% |
| Liabilities Of Disposal Group Including Discontinued Operation Current (Q) | — | — | — |
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| Liabilities Of Disposal Group Including Discontinued Operation Current | 50.5 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations · Indian Motorcycle Business | 50.5 | — | — |
| Total Current Liabilities (Q) | — | — | — |
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| Total Current Liabilities | 2,243.3 | 2,293.2 | -2.2% |
| Deferred Revenue (Q) | — | — | — |
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| Deferred Revenue | 36.9 | 35.6 | +3.7% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities (Q) | — | — | — |
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| Other Non-Current Liabilities | 306.1 | 293.4 | +4.3% |
| Total Liabilities (Q) | — | — | — |
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| Total Liabilities | 4,054.1 | 4,224.7 | -4.0% |
| Long-Term Debt (Q) | — | — | — |
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| Public Senior Note Five Point Six Percent Due March Twenty Thirty-One · Senior Notes | 500 | — | — |
| Public Senior Note Six Point Nine Five Percent Due March Twenty Twenty-Nine · Senior Notes | 500 | 500 | 0.0% |
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| Long-Term Debt | 1,510.4 | 2,032 | -25.7% |
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| Boat Holdings, LLC · Notes Payable Other Payables | 36.8 | — | — |
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| Notes Payable To Banks | 39.2 | 47.1 | -16.8% |
| Operating Lease Liabilities (Q) | — | — | — |
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| Operating Lease Liabilities | 97.1 | 99.7 | -2.6% |
| Deferred Tax Liabilities (Q) | — | — | — |
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| Deferred Tax Liabilities | 7.3 | 6.1 | +19.7% |
| Accrued Income Taxes Noncurrent (Q) | — | — | — |
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| Accrued Income Taxes Noncurrent | 19.9 | 12.5 | +59.2% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations (Q) | — | — | — |
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| Long Term Debt And Capital Lease Obligations | 1,504.7 | 1,638.1 | -8.1% |
| Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests (Q) | — | — | — |
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| Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests | 6.7 | 6.4 | +4.7% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
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| Common Stock | 0.6 | 0.6 | 0.0% |
| Additional Paid-In Capital (Q) | — | — | — |
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| Additional Paid-In Capital | 1,328.9 | 1,265.9 | +5.0% |
| Retained Earnings (Q) | — | — | — |
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| Retained Earnings | -469 | 148.9 | -415.0% |
| Accumulated Other Comprehensive Income (Q) | — | — | — |
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| Accumulated Other Comprehensive Income | -32.1 | -125.5 | +74.4% |
| Total Stockholders' Equity (Q) | — | — | — |
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| Total Stockholders' Equity | 828.4 | 1,289.9 | -35.8% |
| Minority Interest (Q) | — | — | — |
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| Minority Interest | 4.5 | 4.2 | +7.1% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest (Q) | — | — | — |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest | 2.3 | 2.8 | -17.9% |
| Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest | -35.7 | -124.5 | +71.3% |
| Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest | 1.3 | -3.8 | +134.2% |
| Accumulated Other Comprehensive Income | -32.1 | -125.5 | +74.4% |
| Additional Paid In Capital | 1,328.9 | 1,265.9 | +5.0% |
| Common Stock | 0.6 | 0.6 | 0.0% |
| Noncontrolling Interest | 4.5 | 4.2 | +7.1% |
| Retained Earnings | -469 | 148.9 | -415.0% |
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| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 832.9 | 1,294.1 | -35.6% |
| Total Liabilities & Equity (Q) | — | — | — |
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| Total Liabilities & Equity | 4,893.7 | 5,525.2 | -11.4% |
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| Polaris Acceptance | 1,781.4 | 1,842.2 | -3.3% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization (FY) | — | — | — |
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| Depreciation & Amortization | 286.5 | 286.3 | +0.1% |
| Stock-Based Compensation (FY) | — | — | — |
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| Stock-Based Compensation | 59.9 | 49.2 | +21.7% |
| Noncash Income From Financial Services (FY) | — | — | — |
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| Noncash Income From Financial Services | -42.1 | -53.8 | +21.7% |
| Deferred Income Taxes (FY) | — | — | — |
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| Deferred Income Taxes | -139.1 | -86.7 | -60.4% |
| Asset Impairment Charges (FY) | — | — | — |
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| Asset Impairment Charges | 155.9 | 29.5 | +428.5% |
| Disposal Group Not Discontinued Operation Gain Loss On Disposal (FY) | — | — | — |
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| Disposal Group Not Discontinued Operation Gain Loss On Disposal | 327.1 | — | — |
| Other Non-Cash Items (FY) | — | — | — |
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| Other Non-Cash Items | 5.2 | 0.1 | +5100.0% |
| Change in Accounts Receivable (FY) | — | — | — |
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| Change in Accounts Receivable | -34.1 | 103.4 | -133.0% |
| Change in Inventory (FY) | — | — | — |
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| Change in Inventory | 183.6 | 39.5 | +364.8% |
| Change in Accounts Payable (FY) | — | — | — |
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| Change in Accounts Payable | 196.7 | -141.8 | +238.7% |
| Increase Decrease In Accrued Liabilities (FY) | — | — | — |
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| Increase Decrease In Accrued Liabilities | 137.4 | 158.8 | -13.5% |
| Increase Decrease In Income Taxes (FY) | — | — | — |
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| Increase Decrease In Income Taxes | 24.3 | -11 | +320.9% |
| Change in Prepaid & Other Assets (FY) | — | — | — |
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| Change in Prepaid & Other Assets | 44.5 | -216.5 | +120.6% |
| Net Cash from Operations (FY) | — | — | — |
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| Net Cash from Operations | 741 | 268.2 | +176.3% |
| Investing Activities | |||
| Capital Expenditures (FY) | — | — | — |
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| Capital Expenditures | -182.9 | -261.7 | +30.1% |
| Payments To Acquire Interest In Subsidiaries And Affiliates (FY) | — | — | — |
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| Payments To Acquire Interest In Subsidiaries And Affiliates | -14.2 | -10 | -42.0% |
| Proceeds From Distribution From Affiliate Investing Activities (FY) | — | — | — |
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| Proceeds From Distribution From Affiliate Investing Activities | 61.5 | 68.2 | -9.8% |
| Payments To Acquire Interest In Other Subsidiaries And Affiliates (FY) | — | — | — |
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| Payments To Acquire Interest In Other Subsidiaries And Affiliates | -3.9 | -4.7 | +17.0% |
| Net Cash from Investing (FY) | — | — | — |
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| Net Cash from Investing | -139.5 | -270.9 | +48.5% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt (FY) | — | — | — |
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| Proceeds From Issuance Of Long Term Debt | 3,141.7 | 3,694.6 | -15.0% |
| Repayments Of Long Term Debt And Capital Securities (FY) | — | — | — |
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| Repayments Of Long Term Debt And Capital Securities | -3,685.3 | -3,528.8 | -4.4% |
| Share Repurchases (FY) | — | — | — |
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| Share Repurchases | -2.4 | -82.7 | +97.1% |
| Payments Of Dividends Common Stock (FY) | — | — | — |
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| Payments Of Dividends Common Stock | -150.3 | -147.7 | -1.8% |
| Payments Of Dividends Minority Interest (FY) | — | — | — |
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| Payments Of Dividends Minority Interest | -0.4 | -0.6 | +33.3% |
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options (FY) | — | — | — |
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| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 3.7 | 6 | -38.3% |
| Net Cash from Financing (FY) | — | — | — |
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| Net Cash from Financing | -693 | -59.2 | -1070.6% |
| Supplemental | |||
| Interest Paid (FY) | — | — | — |
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| Interest Paid | 125.5 | 141.5 | -11.3% |
| Income Taxes Paid (FY) | — | — | — |
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| Income Taxes Paid | 47.2 | 123.6 | -61.8% |
| Disposal Group Including Discontinued Operation Cash (Q) | — | — | — |
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| Disposal Group Including Discontinued Operation Cash | 82.2 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations · Indian Motorcycle Business | 82.2 | — | — |
| Restricted Cash And Cash Equivalents (Q) | — | — | — |
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| Restricted Cash And Cash Equivalents | 16.1 | 15.2 | +5.9% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (FY) | — | — | — |
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| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 24.8 | -18 | +237.8% |
| Net Change in Cash (FY) | — | — | — |
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| Net Change in Cash | -66.7 | -79.9 | +16.5% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) | — | — | — |
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| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 236.3 | 303 | -22.0% |
Values in millions USD. Source: SEC EDGAR 10-K filing.