Polaris Inc.
PII Mid CapConsumer Cyclical · Recreational Vehicles
Updated: Jun 14, 2026, 22:19 UTC
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Key Metrics
Valuation Analysis
About the Company
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. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; moto-roadsters; quadricycles; and pontoon and deck boats. It also provides source parts, garments, and accessories, such as helmets, jackets, gloves, pants, and hats; and snowmobile accessories comprising covers, traction products, reverse kits, electric starters, tracks, pull-behinds, bags, and windshields, as well as gear and apparel for its snowmobiles consisting of helmets, jackets, goggles, gloves, boots, bibs, pants, and hats. In add
Polaris Inc. Stock at a Glance
Polaris Inc. (PII) is currently trading at $70.93 with a market capitalization of $4B. The 52-week range spans from $38.42 to $75.25; the current price is 5.7% below the yearly high. Year-over-year revenue growth stands at +7.5%.
💰 Dividend
Polaris Inc. pays an annual dividend of $2.72 per share, representing a yield of 3.83%. The payout ratio stands at 373.24%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
15 analysts rate Polaris Inc. (PII) on consensus: Hold. The average price target is $68.00, implying -4.13% from the current price. Analyst price targets range from $43.00 to $84.00.
Polaris Inc.: The Investment Case in Detail
Polaris Inc. (PII) operates in the Consumer Cyclical — specifically Recreational Vehicles — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bear Case
Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. The debt-to-equity ratio of 292.09% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn. Short interest sits at 14.08% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.
Valuation in Context
At a PEG of 3.34, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.
Investment Thesis: Strengths & Weaknesses
- Solid dividend yield of 3.83%
- Positive free cash flow
- –Currently unprofitable
- –High leverage (D/E 292.09)
- –High short interest (14.08%)
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to market-like volatility, elevated short interest (14.08%), higher leverage relative to equity.
Trading Data
💵 Dividend Info
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