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PII · NYSE · United States · Miscellaneous Transportation Equipment
In shortPolaris Inc. is loss-making, generates cash and carries moderate debt, with revenue stable (−0.3% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -4.9% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -6.5% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -44.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -12.8% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.98× | 15/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.86× | 8/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -2.65× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.63 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.8% | 51/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 15.2% | 55/100 |
| Operating margin volatility | 6.0% | 54/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -5.9% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 7,439 | 8,589 | 8,934 | 7,175 | 7,152 |
| Cost of revenue | 5,688 | 6,630 | 6,975 | 5,709 | 5,783 |
| Gross profit | 1,751 | 1,960 | 1,960 | 1,467 | 1,369 |
| Research & development | 329 | 367 | 374 | 337 | 372 |
| Operating income | 712 | 805 | 701 | 291 | (349) |
| Interest expense | 44 | 72 | 125 | 137 | 131 |
| Pre-tax income | 629 | 761 | 620 | 141 | (533) |
| Income tax | 132 | 158 | 118 | 30 | (68) |
| Net income | 494 | 447 | 503 | 111 | (466) |
| Diluted EPS | $7.88 | $7.44 | $8.71 | $1.95 | −$8.18 |
| Diluted shares (millions) | 63 | 60 | 58 | 57 | 57 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−0.63 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Apr 28, 2026