Polaris (PII) FCF Margin (2009 - 2025)
Polaris' (PII) quarterly FCF Margin came in at 5.93% in Q4 2025, down 189.0% year-over-year from 6.66% in Q4 2024, and down 6.4% quarter-over-quarter from 6.34% in Q3 2025.
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Polaris (PII) FCF Margin (2009 - 2025) Analysis & Trends
Polaris (PII) has reported FCF Margin for 17 consecutive years, with 5.93% the latest figure, recorded in Q4 2025.
- On a quarterly basis, FCF Margin fell 189.0% year-over-year to 5.93% in Q4 2025; TTM through Dec 2025 was 7.8%, a 771.0% increase from a year earlier, with the FY2025 full-year figure at 7.8%, up 771.0% from the prior year.
- FCF Margin was 5.93% for Q4 2025 at Polaris, down from 6.34% in the prior quarter.
- Over five years, FCF Margin peaked at 19.61% in Q4 2023 and troughed at 10.22% in Q1 2024.
- A 5-year average of 3.02% and a median of 3.54% in 2021 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 2337 bps in 2021 and jumped 1332 bps in 2025, its largest moves.
- Over 5 years, FCF Margin stood at 2.34% in 2021, then soared by 401 bps to 11.73% in 2022, then surged by 67 bps to 19.61% in 2023, then plunged by 60 bps to 7.82% in 2024, then fell by 24 bps to 5.93% in 2025.
- The last three FCF Margin figures came in at 5.93% (Q4 2025), 6.34% (Q3 2025), and 15.1% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.78 Bn | 3.41 Bn | 354.77 Mn | 7.05% |
| 2 | Polaris | 3.43 Bn | 3.13 Bn | - | - |
| 3 | Harley-Davidson | 2.81 Bn | 916.66 Mn | 421.12 Mn | -27.27% |
| 4 | Brunswick | 1.59 Bn | 1.28 Bn | 437.80 Mn | 17.60% |
| 5 | Winnebago Industries | 820.42 Mn | 763.32 Mn | 94.90 Mn | 2.68% |
| 6 | Malibu Boats | 501.15 Mn | 426.73 Mn | 52.19 Mn | 5.72% |
| 7 | MasterCraft Boat Holdings | 371.45 Mn | 286.83 Mn | 19.54 Mn | 4.80% |
| 8 | Niu Technologies | 167.23 Mn | -27.89 Mn | 33.95 Mn | - |
| 9 | Massimo | 40.81 Mn | 36.17 Mn | 7.28 Mn | 6.04% |
| 10 | Gogoro | 39.84 Mn | -29.01 Mn | 15.96 Mn | 43.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 5.93% |
| Sep 30, 2025 | 6.34% |
| Jun 30, 2025 | 15.10% |
| Mar 31, 2025 | 3.10% |
| Dec 31, 2024 | 7.82% |
| Sep 30, 2024 | -1.88% |
| Jun 30, 2024 | 4.03% |
| Mar 31, 2024 | -10.22% |
| Dec 31, 2023 | 19.61% |
| Sep 30, 2023 | -3.44% |
| Jun 30, 2023 | 5.05% |
| Mar 31, 2023 | 1.37% |
| Dec 31, 2022 | 11.73% |
| Sep 30, 2022 | 5.22% |
| Jun 30, 2022 | -3.47% |
| Mar 31, 2022 | -5.89% |
| Dec 31, 2021 | 2.34% |
| Sep 30, 2021 | -6.88% |
| Jun 30, 2021 | 3.97% |
| Mar 31, 2021 | 0.54% |