Polaris Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $7.2B | $7.2B | $8.9B | $8.6B | $7.4B |
| Gross profit | $1.4B | $1.5B | $2.0B | $2.0B | $1.8B |
| Operating income | -$348.7M | $290.6M | $700.9M | $804.5M | $712.0M |
| Operating expenses | $1.8B | $1.3B | $1.3B | $1.2B | $1.1B |
| Cost of revenue | $5.8B | $5.7B | $7.0B | $6.6B | $5.7B |
| Cash from operations | $741.0M | $268.2M | $925.8M | $508.6M | $293.7M |
| Capital expenditure | $182.9M | $261.7M | $412.6M | $306.6M | $282.8M |
| Free cash flow | $558.1M | $6.5M | $513.2M | $202.0M | $10.9M |
| Share repurchases | $2.4M | $82.7M | $178.6M | $505.0M | $461.6M |
| Impairments | $155.9M | $29.5M | $0 | $0 | $0 |
| Total assets | $4.9B | $5.5B | $5.5B | $5.2B | $5.0B |
| Total liabilities | $4.1B | $4.2B | $4.1B | $4.1B | $3.8B |
| Total debt | $1.5B | $2.1B | $1.9B | $2.1B | $1.8B |
Shares outstanding 56.9M · Free float 94.2%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.