Polaris (PII) Free Cash Flow (2009 - 2026)
Polaris' (PII) quarterly Free Cash Flow came in at $186.1 million in Q2 2026, down 33.49% year-over-year from $279.8 million in Q2 2025, and up 153.19% quarter-over-quarter from -$349.9 million in Q1 2026.
Analysis
Polaris (PII) Free Cash Flow (2009 - 2026) Analysis & Trends
Polaris (PII) has reported Free Cash Flow for 18 consecutive years, with $186.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 33.49% year-over-year to $186.1 million in Q2 2026; TTM through Jun 2026 was $66.9 million, a 84.52% decrease from a year earlier, with the FY2025 full-year figure at $558.1 million, up 8486.15% from the prior year.
- Free Cash Flow was $186.1 million for Q2 2026 at Polaris, up from -$349.9 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $448.9 million in Q4 2023 and troughed at -$349.9 million in Q1 2026.
- A 5-year average of $63.4 million and a median of $95.5 million in 2023 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 504.07% in 2022, down 1089.62% in 2022.
- Over 5 years, Free Cash Flow stood at $282.1 million in 2022, then surged by 59.13% to $448.9 million in 2023, then plunged by 69.41% to $137.3 million in 2024, then slipped by 16.97% to $114.0 million in 2025, then soared by 63.25% to $186.1 million in 2026.
- The last three Free Cash Flow figures came in at $186.1 million (Q2 2026), -$349.9 million (Q1 2026), and $114.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Thor Industries | 3.80 Bn | 3.43 Bn | 354.77 Mn | 196.04 Mn |
| 2 | Polaris | 3.44 Bn | 3.13 Bn | - | 186.10 Mn |
| 3 | Harley-Davidson | 2.80 Bn | 906.15 Mn | 421.12 Mn | -335.49 Mn |
| 4 | Brunswick | 1.59 Bn | 1.28 Bn | 437.80 Mn | 274.20 Mn |
| 5 | Winnebago Industries | 819.00 Mn | 761.90 Mn | 94.90 Mn | 18.70 Mn |
| 6 | Malibu Boats | 499.99 Mn | 425.57 Mn | 52.19 Mn | 16.90 Mn |
| 7 | MasterCraft Boat Holdings | 370.08 Mn | 285.46 Mn | 19.54 Mn | 3.75 Mn |
| 8 | Niu Technologies | 164.51 Mn | -30.62 Mn | 33.95 Mn | - |
| 9 | Massimo | 41.22 Mn | 36.59 Mn | 7.28 Mn | 901,399.00 |
| 10 | Gogoro | 39.10 Mn | -29.74 Mn | 15.96 Mn | 30.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 186.10 Mn |
| Mar 31, 2026 | -349.90 Mn |
| Dec 31, 2025 | 114.00 Mn |
| Sep 30, 2025 | 116.70 Mn |
| Jun 30, 2025 | 279.80 Mn |
| Mar 31, 2025 | 47.60 Mn |
| Dec 31, 2024 | 137.30 Mn |
| Sep 30, 2024 | -32.40 Mn |
| Jun 30, 2024 | 79.10 Mn |
| Mar 31, 2024 | -177.50 Mn |
| Dec 31, 2023 | 448.90 Mn |
| Sep 30, 2023 | -77.40 Mn |
| Jun 30, 2023 | 111.90 Mn |
| Mar 31, 2023 | 29.80 Mn |
| Dec 31, 2022 | 282.10 Mn |
| Sep 30, 2022 | 122.20 Mn |
| Jun 30, 2022 | -71.50 Mn |
| Mar 31, 2022 | -104.90 Mn |
| Dec 31, 2021 | 46.70 Mn |
| Sep 30, 2021 | -122.30 Mn |