📊 PII Key Takeaways
Is Polaris Inc. (PII) a Good Investment?
Polaris is in acute financial distress with operating cash burn of $320M annually against only $282M in cash reserves, creating an imminent liquidity crisis. The company cannot cover interest obligations from operating income (coverage ratio: -1.3x) and carries unsustainable leverage of 2.74x debt-to-equity, while all profitability metrics are deeply negative with no revenue growth to provide relief.
Polaris Inc. Key Strengths (PII)
- Gross margin of 20.2% demonstrates basic pricing power and cost management at production level
- Total asset base of $5.2B provides some liquidation value and collateral foundation
- Maintains capital expenditure discipline at $29.7M despite operational challenges
PII Stock Risks: Polaris Inc. Investment Risks
- Operating cash burn of -$320.2M annually with only $282M cash reserves creates less than 12-month runway before insolvency
- Debt-to-equity ratio of 2.74x with interest coverage of -1.3x indicates debt service is unpayable from operations and default risk is severe
- All profitability metrics are negative: net margin -2.9%, operating margin -2.4%, ROE -6.3%, ROA -0.9%, with net loss expanding 519.5% YoY on EPS basis
- Free cash flow of -$349.9M (-21.1% FCF margin) indicates the business model is destroying value at scale
- Liquidity position critically weak with quick ratio of only 0.48x and current ratio of 1.21x
- Revenue declining -0.3% YoY provides no growth offset to operational deterioration
Key Metrics to Watch
- Operating cash flow trajectory - any improvement toward positive territory is essential for survival
- Cash position and burn rate - monitor monthly to assess runway remaining before covenant violation or insolvency
- Debt covenant compliance status - likely already in breach or approaching breach with negative earnings
Polaris Inc. (PII) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Polaris Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
PII Profit Margin, ROE & Profitability Analysis
PII vs Industrial Sector: How Polaris Inc. Compares
How Polaris Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Polaris Inc. Stock Overvalued? PII Valuation Analysis 2026
Based on fundamental analysis, Polaris Inc. shows some fundamental concerns relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Polaris Inc. Balance Sheet: PII Debt, Cash & Liquidity
PII Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Polaris Inc.'s revenue has shown modest growth of 9% over the 5-year period. The most recent EPS of $8.71 reflects profitable operations.
PII Revenue Growth, EPS Growth & YoY Performance
PII Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.5B | -$47.4M | $-0.83 |
| Q3 2025 | $1.7B | -$15.8M | $-0.28 |
| Q2 2025 | $1.9B | $68.7M | $1.21 |
| Q1 2025 | $1.5B | $3.8M | $0.07 |
| Q3 2024 | $1.7B | $27.7M | $0.49 |
| Q2 2024 | $2.0B | $68.7M | $1.21 |
| Q1 2024 | $1.7B | $3.8M | $0.07 |
| Q3 2023 | $2.2B | $151.7M | $2.62 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Polaris Inc. Dividends, Buybacks & Capital Allocation
PII SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Polaris Inc. (CIK: 0000931015)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 12, 2026 | 4 | xslF345X06/wk-form4_1778620069.xml | View → |
| May 1, 2026 | 4 | xslF345X06/wk-form4_1777669838.xml | View → |
| May 1, 2026 | 4 | xslF345X06/wk-form4_1777669807.xml | View → |
| May 1, 2026 | 4 | xslF345X06/wk-form4_1777669757.xml | View → |
| May 1, 2026 | 4 | xslF345X06/wk-form4_1777669711.xml | View → |
❓ Frequently Asked Questions about PII
What is the AI rating for PII?
Polaris Inc. (PII) has an AI grade of D with 88% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PII's key strengths?
Claude: Gross margin of 20.2% demonstrates basic pricing power and cost management at production level. Total asset base of $5.2B provides some liquidation value and collateral foundation.
What are the risks of investing in PII?
Claude: Operating cash burn of -$320.2M annually with only $282M cash reserves creates less than 12-month runway before insolvency. Debt-to-equity ratio of 2.74x with interest coverage of -1.3x indicates debt service is unpayable from operations and default risk is severe.
What is PII's revenue and growth?
Polaris Inc. reported revenue of $1.7B.
Does PII pay dividends?
Polaris Inc. pays dividends, with $38.7M distributed to shareholders in the trailing twelve months.
Where can I find PII SEC filings?
Official SEC filings for Polaris Inc. (CIK: 0000931015) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PII's EPS?
Polaris Inc. has a diluted EPS of $-0.83.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is PII's fundamental grade?
Based on our AI fundamental analysis in May 2026, Polaris Inc. has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is PII stock overvalued or undervalued?
Valuation metrics for PII: ROE of -6.3% (sector avg: 15%), net margin of -2.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is PII's AI grade for 2026?
Our dual AI analysis gives Polaris Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PII's free cash flow?
Polaris Inc.'s operating cash flow is $-320.2M, with capital expenditures of $29.7M. FCF margin is -21.1%.
How does PII compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -2.9% (avg: 10%), ROE -6.3% (avg: 15%), current ratio 1.21 (avg: 1.8).
Is Polaris Inc. carrying too much debt?
PII has a debt-to-equity ratio of 2.74x, which is above the Industrial sector average of 0.7x. However, the current ratio of 1.21 suggests adequate short-term liquidity.