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, US
Websitepolaris.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)14,000(+17%)
Job Openings115
Revenue (FY, 2019)$6.8 B(+12%)
Share Price (Sept 2020)$89.6 (-1%)
Cybersecurity ratingBMore

Key People/Management at Polaris

Scott W. Wine

Scott W. Wine

Chairman and Chief Executive Officer
Kenneth J. Pucel

Kenneth J. Pucel

Executive Vice President – Operations, Engineering & Lean
James P. Williams

James P. Williams

Sr. Vice President and Chief Human Resources Officer
Michael T. Speetzen

Michael T. Speetzen

Executive Vice President and Chief Financial Officer
Stephen L. Eastman

Stephen L. Eastman

President – Aftermarket/Parts, Garments and Accessories
Craig A. Scanlon

Craig A. Scanlon

President – Transamerican Auto Parts
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Polaris Office Locations

Polaris has offices in Medina, Elkhart, Fernley, Huntsville and in 28 other locations
Medina, US (HQ)
2100 Hwy 55
Elkhart, US
2805 Decio Dr
Fernley, US
1755 N Nevada Pacific Pkwy
Huntsville, US
7049 Greenbrier Parkway NW
Monticello, US
213 Chelsea Rd
Osceola, US
108 Industrial Dr
Show all (33)

Polaris Financials and Metrics

Polaris Revenue

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View revenue for all periods
Polaris's revenue was reported to be $6.78 b in FY, 2019 which is a 11.6% increase from the previous period.
USD

Revenue (Q2, 2020)

1.5b

Gross profit (Q2, 2020)

332.7m

Gross profit margin (Q2, 2020), %

22%

Net income (Q2, 2020)

(235.4m)

EBIT (Q2, 2020)

(295.4m)

Market capitalization (18-Sept-2020)

5.5b

Closing stock price (18-Sept-2020)

89.6

Cash (30-Jun-2020)

544.4m

EV

7.0b
Polaris's current market capitalization is $5.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.5b5.4b6.1b6.8b

Revenue growth, %

(4%)20%12%12%

Cost of goods sold

3.4b4.1b4.6b5.1b

Gross profit

1.1b1.3b1.5b1.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.2b1.4b1.5b1.3b1.5b1.7b1.5b1.8b1.8b1.4b1.5b

Cost of goods sold

911.3m1.0b1.1b974.0m1.1b1.3b1.1b1.3b1.3b1.1b1.2b

Gross profit

242.5m350.4m364.0m323.5m385.2m401.3m352.4m436.4m436.5m292.9m332.7m

Gross profit Margin, %

21%26%25%25%26%24%24%25%25%21%22%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

127.3m138.3m161.2m157.1m

Accounts Receivable

174.8m200.1m197.1m190.4m

Prepaid Expenses

91.6m101.5m121.5m125.9m

Inventories

746.5m784.0m969.5m1.1b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

212.9m172.5m335.3m323.9m

Depreciation and Amortization

167.5m191.1m211.0m234.5m

Inventories

112.0m(27.0m)(149.7m)(149.9m)

Accounts Payable

(62.7m)39.5m(984.0k)103.8m
USDFY, 2016

Revenue/Employee

451.7k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.6 x
Show all financial metrics

Polaris Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

18 16 19 19

Distribution Centers

30 30 33 33

Models (Off-Road Vehicles)

55 61 68 56 63

Models (Snowmobiles)

39 40 41 29 30
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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$23.90 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Polaris Revenue Breakdown

Embed Graph

Polaris revenue breakdown by business segment: 9.2% from Boats, 8.6% from Motorcycles, 62.1% from ORV/Snowmobiles, 6.8% from Global Adjacent Markets and 13.4% from Aftermarket

Polaris revenue breakdown by geographic segment: 9.4% from EMEA, 5.8% from Canada, 81.9% from United States and 2.9% from Other

Polaris Online and Social Media Presence

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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 Scott W. Wine, Kenneth J. Pucel and James P. Williams.

  • How many employees does Polaris have?

    Polaris has 14,000 employees.

  • What is Polaris revenue?

    Latest Polaris annual revenue is $6.8 b.

  • What is Polaris revenue per employee?

    Latest Polaris revenue per employee is $484.5 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 28 other locations.

  • How many offices does Polaris have?

    Polaris has 33 offices.