Polaris Inc.

PII ·Industrials, Transportation Equipment, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $7.15B $7.18B $8.93B $8.59B $7.44B $6.28B $6.78B
Cost of Revenue $5.78B $5.71B $6.97B $6.63B $5.69B $4.75B $5.13B
Gross Profit $1.37B $1.47B $1.96B $1.96B $1.75B $1.54B $1.65B
Gross Margin 19.1% 20.4% 21.9% 22.8% 23.5% 24.4% 24.3%
Operating Expenses
Research & Development $371.9M $336.9M $374.3M $366.7M $328.7M $288.1M $292.9M
SG&A Expense $541.8M $436.5M $422.8M $355.9M $305.8M $296.1M $393.9M
Operating Income $-348.7M $290.6M $700.9M $804.5M $712.0M $521.0M $483.7M
Operating Margin -4.9% 4.0% 7.8% 9.4% 9.6% 8.3% 7.1%
Interest Expense $131.4M $137.0M $125.0M $71.7M $44.2M $66.8M $77.6M
Pretax Income $-532.7M $140.8M $620.4M $761.4M $628.7M $450.4M $407.8M
Income Tax Expense $-67.9M $29.6M $117.7M $158.0M $132.1M $89.9M $83.9M
Net Income $-465.5M $110.8M $502.8M $447.1M $493.9M $124.8M $324.0M
Net Margin -6.5% 1.5% 5.6% 5.2% 6.6% 2.0% 4.8%
EPS (Basic) $-8.18 $1.96 $8.80 $7.54 $8.06 $2.02 $5.27
EPS (Diluted) $-8.18 $1.95 $8.71 $7.44 $7.88 $1.99 $5.20
Shares Outstanding (Basic) 56.7M 56.9M 56.5M 57.1M 59.3M 61.3M 61.9M 61.4M
Shares Outstanding (Diluted) 56.7M 56.9M 56.8M 57.7M 60.1M 62.7M 62.6M 62.3M
Dividends Per Share $2.68 $2.64 $2.60 $2.56 $2.52 $2.48 $2.44
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