Polaris Inc.
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 |