Polaris Inc (PII) FinancialsPIIFinancialPolaris Inc

Polaris Inc (PII) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Wholegoods, accounting for 75.1% of total sales, equivalent to $1.52B. Another important revenue stream is P G A. Understanding this composition is critical for investors evaluating how PII navigates market cycles within the Auto & Truck Manufacturers industry.

Evaluating the bottom line, Polaris Inc maintains a gross margin of 19.99%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 2.75%, while the net margin is 5.27%. These profitability ratios, combined with a Return on Equity (ROE) of -25.76%, provide a clear picture of how effectively PII converts its operational activities into shareholder value.

In the context of the broader market, PII competes directly with industry leaders such as THO and HAYW. With a market capitalization of $3.95B, it holds a significant position in the sector. When comparing efficiency, PII's gross margin of 19.99% stands against THO's 11.75% and HAYW's 46.70%. Such benchmarking helps identify whether Polaris Inc is trading at a premium or discount relative to its financial performance.

Polaris has shown inconsistent financial performance, with a recent net income of $106.4 million in Q2 2026 after several quarters of losses. The gross margin is around 20%, but the company has faced challenges with stagnant sales and a declining net margin, which was -15.78% in Q4 2025.