profit from every $100 of sales.
$0$100
Polaris
$64.43-0.40% today
-0.6% in 1 year
1-year low $47.881-year high $74.70
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Polaris sold, what it kept, and what it did with the cash.
Sales went from $8.59 billion in 2022 to $7.15 billion in 2025, with -$466 million of profit last year.
SalesProfit
Polaris handed back 27% of the cash it generated last year.
$150M
Free cash flow 2025$558M
Bought back its own shares$2M
Paid as dividends$150M
Cash vs. debt$138M vs. $1.7B
Polaris vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Polaris | No profit yet | ||
 Zhejiang Cfmoto Power Co.,Ltd | 28.8× · Fair price | ||
 BRP | 22.0× · Fair price | ||
 Trigano | 10.7× · Cheap | ||
 Patrick Industries | 19.2× · Fair price |
AI analysis
An AI analyst reads Polaris's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 8,589 | 8,934 | 7,175 | 7,152 | |
| 1,960 | 1,960 | 1,467 | 1,369 | |
| 805 | 701 | 291 | 34 | |
| 1,066 | 1,004 | 564 | -115 | |
| 447 | 503 | 111 | -466 | |
| 7.44 | 8.71 | 1.95 | -8.18 | |
| 22.8% | 21.9% | 20.4% | 19.1% | |
| 9.4% | 7.8% | 4.0% | 0.5% | |
| 5.2% | 5.6% | 1.5% | -6.5% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,218 | 5,516 | 5,525 | 4,894 |
| Cash | 325 | 368 | 288 | 138 |
| Total debt | 2,169 | 2,053 | 2,201 | 1,665 |
| Total liabilities | 4,116 | 4,096 | 4,231 | 4,061 |
| 1,099 | 1,418 | 1,290 | 828 | |
| 60 | 58 | 57 | 57 | |
| 20.1% | 17.0% | 6.3% | -12.7% | |
| 40.7% | 35.4% | 8.6% | -56.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 509 | 926 | 268 | 741 | |
| 307 | 413 | 324 | 183 | |
| 202 | 513 | -56 | 558 | |
| Dividends paid | 150 | 147 | 148 | 150 |
| 505 | 179 | 83 | 2 | |
| 63 | 57 | 49 | 60 |
Valuation
- –
- 35.7×
- –
- 4.4×
- 0.5×
- 6.6×
- –
- 15.2%
- -12.7%
- 3.8%
Profitability
- 19.1%
- 0.5%
- -6.5%
- -2.8%
- -13.0%
- 7.9%
- -45.6%
- -8.5%
- -1.1%
- 5.1%
Growth
- −5.9%
- –
- +8,486.2%
- +1.6%
- −1.8%
Financial health
- –
- 2.01
- 42.1%
- -3.1×
- 0.98
- 0.48
- 1.39
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 2%of 982
Bottom 9%of 994
Bottom 6%of 993
Top 12%of 980
What analysts expect
- Average price target
- $68.75
- Range
- $59.00 – $83.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 27, 2026 | 0.13 | -0.43 | +130.2% |
| Jan 27, 2026 | 0.08 | 0.06 | +33.3% |
| Oct 28, 2025 | 0.41 | 0.37 | +10.8% |
| Jul 29, 2025 | 0.40 | 0.05 | +700.0% |
| Apr 29, 2025 | -0.90 | -0.91 | +1.1% |
| Jan 28, 2025 | 0.92 | 0.89 | +3.4% |
| Oct 22, 2024 | 0.73 | 0.87 | −16.1% |
| Jul 23, 2024 | 1.38 | 2.23 | −38.1% |
3.8%of the share price, paid each year
On $1,000 invested$38a year at today's yield, before tax
+1.6%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$2.12 in 2015 → $2.68 in 2025
How safe it looks
-34.0% of its profit
Room to growStretchedMore than it earns: 26.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
27No pass
Benjamin Graham
10No pass
Philip Fisher
30No pass
Peter Lynch
9No pass
Joel Greenblatt
0No pass
Charlie Munger
14No pass
Terry Smith
7No pass
Questions about Polaris
Is Polaris a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Polaris AI analysis
What does Polaris do?
Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off Road, On Road, and Marine. It is in Recreational Vehicles, based in Medina, MN, United States, with 14,500 employees.
Does Polaris pay a dividend?
Yes. At today's price the dividend is 3.8% a year. In 2025 it paid out $150 million in dividends.
Is Polaris stock halal?
No. Polaris does not pass our halal screen: its debt is 45% of its market value, at or above the 33% limit. How we check
How has Polaris stock done over the past year?
Down 0.6% over the past twelve months, to $64.43. It traded between $47.88 and $74.70 and is 13.7% below its high.
Who are Polaris's competitors?
The largest listed companies in the same industry are Zhejiang Cfmoto Power Co.,Ltd, BRP, Trigano and Patrick Industries. The peers table on this page compares their profit, growth and price with Polaris's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.