OverviewSuggest Edit

Polaris is a company that designs, engineers, and manufactures powersports vehicles. It offers off-road vehicles, such as all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, as well as snowmobiles, motorcycles, and global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company also provides related parts, garments, and accessories, as well as aftermarket accessories and apparel that are sold through dealers, distributors, and retail stores.

TypePublic
Founded1954
HQMedina, MN, US
Websitepolaris.com
Employee Ratings3.2
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)15,000(+8%)
Job Openings279
Revenue (FY, 2020)$7 B(+4%)
Share Price (Jun 2021)$131.1(+3%)
Cybersecurity ratingCMore

Key People/Management at Polaris

C.h. Robinson

C.h. Robinson

Director
Kenneth J. Pucel

Kenneth J. Pucel

Executive Vice President – Operations, Engineering & Lean
Michael F. Donoughe

Michael F. Donoughe

Chief Technical Officer; Head of Electrification
James P. Williams

James P. Williams

Sr. Vice President and Chief Human Resources Officer
Victor M. Koelsch

Victor M. Koelsch

Sr. Vice President and Chief Digital Officer
Stephen L. Eastman

Stephen L. Eastman

President – Aftermarket/Parts, Garments and Accessories
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Polaris Office Locations

Polaris has offices in Medina, Elkhart, Fernley, Huntsville and in 27 other locations
Medina, MN, US (HQ)
2100 Hwy 55
Elkhart, IN, US
2805 Decio Dr
Fernley, NV, US
1755 N Nevada Pacific Pkwy
Huntsville, AL, US
7049 Greenbrier Parkway NW
Monticello, MN, US
213 Chelsea Rd
Osceola, WI, US
108 Industrial Dr
Show all (32)

Polaris Financials and Metrics

Polaris Revenue

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Polaris's revenue was reported to be $7.03 b in FY, 2020 which is a 3.6% increase from the previous period.
USD

Revenue (Q1, 2021)

2.0b

Gross profit (Q1, 2021)

480.5m

Gross profit margin (Q1, 2021), %

24.6%

Net income (Q1, 2021)

134.2m

EBIT (Q1, 2021)

184.2m

Market capitalization (11-Jun-2021)

8.0b

Closing stock price (11-Jun-2021)

131.1

Cash (31-Mar-2021)

432.4m

EV

9.2b
Polaris's current market capitalization is $8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.1b6.8b7.0b

Revenue growth, %

12%12%4%

Cost of goods sold

4.6b5.1b5.3b

Gross profit

1.5b1.6b1.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.5b1.8b1.8b1.4b1.5b2.0b2.0b

Cost of goods sold

1.1b1.3b1.3b1.1b1.2b1.4b1.5b

Gross profit

352.4m436.4m436.5m292.9m332.7m534.6m480.5m

Gross profit Margin, %

24%25%25%21%22%27%25%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

161.2m157.1m634.7m

Accounts Receivable

197.1m190.4m257.2m

Prepaid Expenses

121.5m125.9m134.1m

Inventories

969.5m1.1b1.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

151.4m96.1m122.2m424.4m544.4m820.6m432.4m

Accounts Receivable

206.8m224.5m217.2m167.9m195.2m241.3m237.2m

Prepaid Expenses

106.5m112.9m118.6m112.2m103.5m98.6m123.2m

Inventories

1.1b1.1b1.3b1.2b1.0b1.2b1.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

335.3m323.9m124.9m

Depreciation and Amortization

211.0m234.5m260.7m

Inventories

(149.7m)(149.9m)(44.9m)

Accounts Payable

(984.0k)103.8m326.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

48.4m136.5m224.9m(5.4m)(240.8m)(73.9m)134.2m

Depreciation and Amortization

54.4m111.9m173.0m62.4m127.1m190.5m59.6m

Inventories

(180.0m)(159.1m)(304.3m)(121.5m)91.8m(90.4m)(169.7m)

Accounts Payable

91.2m72.0m239.2m106.3m95.3m338.5m90.7m
USDFY, 2018

EV/EBIT

13.1 x

EV/CFO

13.4 x

Revenue/Employee

506.5k

Debt/Equity

2.2 x

Debt/Assets

0.5 x

Financial Leverage

4.8 x

P/E Ratio

14.6
Show all financial metrics

Polaris Operating Metrics

FY, 2018FY, 2019FY, 2020

Manufacturing Facilities

191920

Distribution Centers

333330

Models (Off-Road Vehicles)

566385

Models (Snowmobiles)

293080
Show all operating metrics

Polaris Acquisitions / Subsidiaries

Company NameDateDeal Size
Larson Boats LLCJanuary 21, 2019
Larson EscapeJanuary 21, 2019
LarsonFXJanuary 21, 2019
StriperJanuary 21, 2019
WSI IndustriesSeptember 06, 2018$23.9 m
Boat HoldingsMay 30, 2018$805 m
Transamerican Auto PartsOctober 12, 2016$665 m
Aixam MegaApril 12, 2013
Indian MotorcycleApril 20, 2011
Aixam Immobilier S.A.S.
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Polaris Revenue Breakdown

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Polaris revenue breakdown by business segment: 8.3% from Motorcycles, 64.5% from ORV/Snowmobiles, 6.0% from Global Adjacent Markets, 12.6% from Aftermarket and 8.6% from Boats

Polaris revenue breakdown by geographic segment: 82.4% from United States, 12.0% from Other Foreign Countries and 5.6% from Canada

Polaris Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Polaris Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Polaris Online and Social Media Presence

Embed Graph

Polaris Company Culture

  • Overall Culture

    C-

    70/100

  • CEO Rating

    B+

    78/100

  • Compensation

    C+

    73/100

Learn more on Comparably

Polaris News and Updates

Polaris Takes Additional Measures To Address Covid-19 Impact

These actions will help the Company navigate the current environment by reducing expenses and improving its cash position and financial flexibility.read more

Polaris and UMC Enter into License Agreement

OTTAWA, March 31, 2020 /PRNewswire/ - Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), announced today that Polaris Innovations Limited ("Polaris"), a wholly owned subsidiary of WiLAN, has entered into a license agreement with United...

Polaris to suspend production at certain U.S. plants, halt stock repurchases

Polaris Inc. said Monday that it was suspending production at 5 plants in the U.S. and 2 overseas, as it prepares for powersports vehicle retail demand to be down "significantly" as a result of the COVID-19 pandemic. The stock slumped 5% in afternoon trading. The affected plans in the U.S. are in H…

Polaris Transportation Group Acquires PRI Logistics

Company bolsters its position as a major player in the cross border transportation industry

CEOs, CLOs and a Diverse Selection of Executives From AB-InBev, Panasonic, WarnerMedia, Polaris and More to Focus on New Strategies and Purpose at the 12th Annual Global Ethics Summit

Business leaders will assemble in New York this spring to discuss new challenges and innovations during the premier event putting corporate integrity in the spotlight

Polaris Transportation Group Wins Major Industry Award

Company receives CCJ Innovator of the Year Award for robotic process automation
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Polaris Frequently Asked Questions

  • When was Polaris founded?

    Polaris was founded in 1954.

  • Who are Polaris key executives?

    Polaris's key executives are C.h. Robinson, Kenneth J. Pucel and Michael F. Donoughe.

  • How many employees does Polaris have?

    Polaris has 15,000 employees.

  • What is Polaris revenue?

    Latest Polaris annual revenue is $7 b.

  • What is Polaris revenue per employee?

    Latest Polaris revenue per employee is $468.5 k.

  • Who are Polaris competitors?

    Competitors of Polaris include Otokar, Arctic Cat and Yamaha Motor.

  • Where is Polaris headquarters?

    Polaris headquarters is located at 2100 Hwy 55, Medina.

  • Where are Polaris offices?

    Polaris has offices in Medina, Elkhart, Fernley, Huntsville and in 27 other locations.

  • How many offices does Polaris have?

    Polaris has 32 offices.