Polaris (PII) Gross Margin (2009 - 2025)
Polaris (PII) reported Gross Margin of 19.99% for Q4 2025, down 40.0% year-over-year from 33.32% in Q4 2024, and down 3.2% on a QoQ basis from 20.65% in Q3 2025.
Polaris (PII) has 17 years of Gross Margin data on file, last reported at 19.99% in Q4 2025.
- Quarterly Gross Margin fell 40.0% year-over-year to 19.99% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 19.14% (down 130.0% YoY) and the FY2025 annual result came in at 19.14%, down 130.0% from the prior year.
- Gross Margin declined to 19.99% in Q4 2025 per PII's latest filing, from 20.65% in the prior quarter.
- Across five years, Gross Margin topped out at 26.03% in Q2 2021 and bottomed at 15.95% in Q1 2025.
- The 5-year median for Gross Margin is 21.18% (2023), against an average of 21.52%.
- Peak annual rise in Gross Margin reached 402 bps in 2021, while the deepest fall reached 648 bps in 2021.
- Tracing PII's Gross Margin over 5 years: stood at 20.16% in 2021, then rose by 18 bps to 23.83% in 2022, then declined by 13 bps to 20.83% in 2023, then fell by 2 bps to 20.39% in 2024, then fell by 2 bps to 19.99% in 2025.
- Per Business Quant, the three latest PII Gross Margin figures stand at 19.99% (Q4 2025), 20.65% (Q3 2025), and 19.39% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brunswick | 5.48 Bn | 5.20 Bn | 343.60 Mn | 24.93% |
| 2 | Thor Industries | 4.17 Bn | 3.93 Bn | 251.25 Mn | 11.82% |
| 3 | Polaris | 4.05 Bn | 3.77 Bn | - | - |
| 4 | Brp | 3.05 Bn | 2.70 Bn | 398.91 Mn | 22.53% |
| 5 | Patrick Industries | 2.94 Bn | 2.90 Bn | 226.86 Mn | 22.75% |
| 6 | Harley-Davidson | 2.66 Bn | 2.68 Bn | 266.45 Mn | 25.12% |
| 7 | Lci Industries | 2.64 Bn | 2.50 Bn | 273.67 Mn | 25.09% |
| 8 | Winnebago Industries | 837.26 Mn | 789.86 Mn | 85.60 Mn | 13.02% |
| 9 | Malibu Boats | 526.29 Mn | 480.05 Mn | 41.28 Mn | 17.51% |
| 10 | MasterCraft Boat Holdings | 376.07 Mn | 291.65 Mn | 19.54 Mn | 24.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.99% |
| Sep 30, 2025 | 20.65% |
| Jun 30, 2025 | 19.39% |
| Mar 31, 2025 | 15.95% |
| Dec 31, 2024 | 20.39% |
| Sep 30, 2024 | 20.59% |
| Jun 30, 2024 | 21.62% |
| Mar 31, 2024 | 19.02% |
| Dec 31, 2023 | 20.83% |
| Sep 30, 2023 | 22.62% |
| Jun 30, 2023 | 22.78% |
| Mar 31, 2023 | 21.53% |
| Dec 31, 2022 | 23.83% |
| Sep 30, 2022 | 23.89% |
| Jun 30, 2022 | 23.00% |
| Mar 31, 2022 | 19.81% |
| Dec 31, 2021 | 20.16% |
| Sep 30, 2021 | 23.63% |
| Jun 30, 2021 | 26.03% |
| Mar 31, 2021 | 24.63% |
| Dec 31, 2020 | 26.63% |
| Sep 30, 2020 | 27.35% |
| Jun 30, 2020 | 22.01% |
| Mar 31, 2020 | 20.84% |
| Dec 31, 2019 | 24.39% |
| Sep 30, 2019 | 24.64% |
| Jun 30, 2019 | 24.53% |
| Mar 31, 2019 | 23.57% |
| Dec 31, 2018 | 24.05% |
| Sep 30, 2018 | 24.30% |
| Jun 30, 2018 | 25.64% |
| Mar 31, 2018 | 24.93% |
| Dec 31, 2017 | 25.70% |
| Sep 30, 2017 | 24.61% |
| Jun 30, 2017 | 25.67% |
| Mar 31, 2017 | 21.02% |
| Dec 31, 2016 | 25.68% |
| Sep 30, 2016 | 22.00% |
| Jun 30, 2016 | 25.16% |
| Mar 31, 2016 | 25.19% |
| Dec 31, 2015 | 28.06% |
| Sep 30, 2015 | 28.55% |
| Jun 30, 2015 | 28.41% |
| Mar 31, 2015 | 28.43% |
| Dec 31, 2014 | 28.83% |
| Sep 30, 2014 | 29.81% |
| Jun 30, 2014 | 30.07% |
| Mar 31, 2014 | 29.09% |
| Dec 31, 2013 | 29.26% |
| Sep 30, 2013 | 30.36% |
| Jun 30, 2013 | 29.87% |
| Mar 31, 2013 | 29.04% |
| Dec 31, 2012 | 28.18% |
| Sep 30, 2012 | 29.52% |
| Jun 30, 2012 | 28.69% |
| Mar 31, 2012 | 28.94% |
| Dec 31, 2011 | 26.13% |
| Sep 30, 2011 | 28.34% |
| Jun 30, 2011 | 29.21% |
| Mar 31, 2011 | 28.26% |
| Dec 31, 2010 | 27.73% |
| Sep 30, 2010 | 25.98% |
| Jun 30, 2010 | 26.24% |
| Mar 31, 2010 | 26.24% |
| Dec 31, 2009 | -11.94% |
| Sep 30, 2009 | 2,674.94% |
| Jun 30, 2009 | 2,099.45% |