Polaris

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 Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2021)16,000(+7%)
Job Openings365
Revenue (FY, 2021)$8.2 B(+17%)
Share Price (Jun 2022)$104(-2%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Polaris

Michael T. Speetzen

Michael T. Speetzen

Chief Executive Officer
James P. Williams

James P. Williams

Sr. Vice President and Chief Human Resources Officer
Pam Kermisch

Pam Kermisch

Chief Customer Growth Officer
Lucy Clark Dougherty

Lucy Clark Dougherty

Senior Vice President, General Counsel and Corporate Secretary
Christopher G. Wolf

Christopher G. Wolf

Senior Vice President, Chief Digital and Information Officer
Victor M. Koelsch

Victor M. Koelsch

Senior Vice President, Chief Digital and Information Technology Officer
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Polaris Office Locations

Polaris has offices in Medina, Elkhart, Fernley, Huntsville and in 28 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
Mendota Heights, MN, US
1110 Centre Pointe Curve #101
Monticello, MN, US
213 Chelsea Rd
Show all (34)

Polaris Financials and Metrics

Polaris Revenue

Embed Graph
View revenue for all periods
Polaris's revenue was reported to be $8.2 b in FY, 2021 which is a 16.7% increase from the previous period.
USD

Revenue (Q1, 2022)

2.0b

Gross profit (Q1, 2022)

396.3m

Net income (Q1, 2022)

69.9m

EBIT (Q1, 2022)

94.8m

Market capitalization (28-Jun-2022)

6.4b

Closing stock price (28-Jun-2022)

104.0

Cash (30-Jun-2021)

288.8m
Polaris's current market capitalization is $6.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

6.8b7.0b8.2b

Revenue growth, %

12%4%17%

Cost of goods sold

5.1b5.3b6.3b

Gross profit

1.6b1.7b1.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.5b1.8b1.8b1.4b1.5b2.0b2.0b2.1b2.0b2.0b

Cost of goods sold

1.1b1.3b1.3b1.1b1.2b1.4b1.5b1.6b1.5b1.6b

Gross profit

352.4m436.4m436.5m292.9m332.7m534.6m480.5m551.4m465.6m396.3m

Gross profit Margin, %

24%25%25%21%22%27%25%24%
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, 2021Q2, 2021

Cash

151.4m96.1m122.2m424.4m544.4m820.6m432.4m288.8m

Accounts Receivable

206.8m224.5m217.2m167.9m195.2m241.3m237.2m220.3m

Prepaid Expenses

106.5m112.9m118.6m112.2m103.5m98.6m123.2m109.1m

Inventories

1.1b1.1b1.3b1.2b1.0b1.2b1.3b1.5b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

335.3m323.9m124.9m494.3m

Depreciation and Amortization

211.0m234.5m260.7m237.1m

Inventories

(149.7m)(149.9m)(44.9m)(503.1m)

Accounts Payable

(984.0k)103.8m326.6m27.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

48.4m136.5m224.9m(5.4m)(240.8m)(73.9m)134.2m292.7m407.5m69.9m

Depreciation and Amortization

54.4m111.9m173.0m62.4m127.1m190.5m59.6m118.3m178.2m68.2m

Inventories

(180.0m)(159.1m)(304.3m)(121.5m)91.8m(90.4m)(169.7m)(341.3m)(234.9m)

Accounts Payable

91.2m72.0m239.2m106.3m95.3m338.5m90.7m119.5m150.1m181.7m
USDFY, 2018

Debt/Equity

2.2 x

Debt/Assets

0.5 x

Financial Leverage

4.8 x
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

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 29, 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: 9.3% from Boats, 11.3% from Aftermarket, 7.3% from Global Adjacent Markets, 8.8% from Motorcycles and 63.3% from ORV/Snowmobiles

Polaris revenue breakdown by geographic segment: 7.3% from Canada, 13.7% from Other Foreign Countries and 79.0% from United States

Polaris Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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-

    67/100

  • CEO Rating

    B-

    74/100

  • Compensation

    C+

    72/100

Learn more on Comparably

Polaris News and Updates

2021 Geared For Good ESG Report

Today, we are releasing our 2021 Geared For Good ESG Report highlighting our Geared For Good spirit and the ways in which we operate as good stewards for our industry, employees, riders, communities, and the outdoors.

Polaris Rzr Factory Racing’s Mitch Guthrie Jr

The Polaris RZR Factory Racing team, presented by Progressive Insurance, had an incredible finish in the Nevada desert this past Saturday at the 2022 Best In The Desert Jimco Racing Silver State 300.

Polaris First Quarter 2022 Earnings Results

Polaris Inc. (NYSE: PII) (the "Company") today released first quarter 2022 results, which ended March 31, 2022.

Indian Motorcycle Racing Sweeps The Podium At I-70 Half-Mile With Jared Mees Taking His Second Victory Of The Season And Securing Championship Points Lead

Indian Motorcycle Racing, presented by Progressive Motorcycle Insurance, had a stellar showing at round three of the 2022 American Flat Track series in Odessa, MO for the inaugural I-70 Half-Mile, with Jared Mees scoring his second consecutive victory of the season, moving him into the championship …

Polaris Donates nearly $120,000 to Off-Road Organizations with T.R.A.I.L.S. Grants

Today, Polaris Inc. (NYSE: PII), announced it donated nearly $120,000 to off-road (ORV), utility-terrain (UTV) and all-terrain vehicles (ATV) organizations across the United States as a part of its ongoing T.R.A.I.L.S. Grant Program.

Polaris Slingshot Reclassified in the State Of New York

Polaris Slingshot, the show-stopping, adventure-seeking three-wheel open-air motorcycle has announced that, beginning April 20, drivers in New York can operate a Slingshot with a standard D-class driver’s license, instead of the previously required motorcycle endorsement.
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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 Michael T. Speetzen, James P. Williams and Pam Kermisch.

  • How many employees does Polaris have?

    Polaris has 16,000 employees.

  • What is Polaris revenue?

    Latest Polaris annual revenue is $8.2 b.

  • What is Polaris revenue per employee?

    Latest Polaris revenue per employee is $512.4 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 34 offices.