Polaris › Financials
Polaris financials
PIITen years from Polaris’ own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.52B | $5.43B | $6.08B | $6.78B | $6.28B | $7.44B | $8.59B | $8.93B | $7.18B | $7.15B | $7.27B | — |
| Gross profit | $1.11B | $1.32B | $1.50B | $1.65B | $1.54B | $1.75B | $1.96B | $1.96B | $1.47B | $1.37B | $1.46B | — |
| Operating income | $350.3M | $359.7M | $487.4M | $483.7M | $521.0M | $712.0M | $804.5M | $700.9M | $290.6M | −$348.7M | −$351.7M | — |
| Net income | $212.9M | $172.5M | $335.3M | $324.0M | $124.8M | $493.9M | $447.1M | $502.8M | $110.8M | −$465.5M | −$446.1M | — |
| Earnings per share, diluted | $3.27 | $2.69 | $5.24 | $5.20 | $1.99 | $7.88 | $7.44 | $8.71 | $1.95 | −$8.18 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $127.3M | $138.3M | $161.2M | $157.1M | $634.7M | $509.2M | $324.5M | $367.8M | $287.8M | $138.0M | — | $282.0M |
| Total assets | $3.10B | $3.09B | $4.12B | $4.43B | $4.63B | $5.05B | $5.22B | $5.52B | $5.53B | $4.89B | — | $5.24B |
| Debt | $1.11B | $883.0M | $1.86B | $1.60B | $1.36B | $1.73B | $1.99B | $1.86B | $2.03B | $1.51B | — | $2.09B |
| Total liabilities | $2.22B | $2.15B | $3.25B | $3.31B | $3.48B | $3.81B | $4.10B | $4.09B | $4.22B | $4.05B | — | $4.48B |
| Shareholders' equity | $867.0M | $931.7M | $867.0M | $1.11B | $1.14B | $1.22B | $1.10B | $1.42B | $1.29B | $828.4M | — | $750.4M |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Mar 2026 | Latest quarterMar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $589.6M | $585.4M | $477.1M | $655.1M | $1.02B | $293.7M | $508.6M | $925.8M | $268.2M | $741.0M | $337.6M | — |
| Capital spending | $209.1M | $184.4M | $225.4M | $251.4M | $204.3M | $282.8M | $306.6M | $412.6M | $261.7M | $182.9M | $177.0M | — |
| Free cash flow | $380.5M | $401.0M | $251.7M | $403.7M | $814.3M | $10.9M | $202.0M | $513.2M | $6.5M | $558.1M | $160.6M | — |
| Buybacks | $245.8M | $90.5M | $348.7M | $8.4M | $50.3M | $461.6M | $505.0M | $178.6M | $82.7M | $2.4M | $9.2M | — |
| Dividends | $140.3M | $145.4M | $149.0M | $149.1M | $152.5M | $153.4M | $150.0M | $147.3M | $147.7M | $150.3M | $151.5M | — |
| Returned to shareholders | $386.2M | $235.9M | $497.7M | $157.5M | $202.8M | $615.0M | $655.0M | $325.9M | $230.4M | $152.7M | $160.7M | — |
| Stock-based pay | $57.9M | $50.1M | $64.0M | $75.0M | $65.3M | $60.6M | $62.9M | $57.4M | $49.2M | $59.9M | $68.0M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Polaris financials, answered
What is Polaris' market cap?
$2.97B at $52.15 a share, with 56,903,524 shares outstanding as of Jul 21, 2026, from the cover of its latest SEC filing.
How much does Polaris earn?
Revenue of $7.27B and net income of -$446.1M in the last 12 months to Mar 2026.
How much debt does Polaris have?
Polaris reported $2.09B of debt and $282.0M of cash and equivalents on its balance sheet in Mar 2026.
Does Polaris make free cash flow?
Yes. Operating cash flow minus capital spending was $160.6M in the last 12 months to Mar 2026.
How much cash does Polaris return to shareholders?
$152.7M in buybacks and dividends in fiscal 2025, from the cash flow statement.