Polaris (PII) Gross Margin (2009 - 2025)

Polaris (PII) has reported Gross Margin for 17 consecutive years, with 19.99% the latest figure, recorded in Q4 2025.

• On a quarterly basis, Gross Margin fell 40.0% year-over-year to 19.99% in Q4 2025; TTM through Dec 2025 was 19.14%, a 130.0% decrease from a year earlier, with the FY2025 full-year figure at 19.14%, down 130.0% from the prior year.
• Gross Margin was 19.99% for Q4 2025 at Polaris, down from 20.65% in the prior quarter.
• Over five years, Gross Margin peaked at 26.03% in Q2 2021 and troughed at 15.95% in Q1 2025.
• A 5-year average of 21.52% and a median of 21.18% in 2023 frame the typical range for Gross Margin.
• The widest YoY moves for Gross Margin: up 402 bps in 2021, down 648 bps in 2021.
• Over 5 years, Gross Margin stood at 20.16% in 2021, then gained by 18 bps to 23.83% in 2022, then fell by 13 bps to 20.83% in 2023, then retreated by 2 bps to 20.39% in 2024, then retreated by 2 bps to 19.99% in 2025.
• The last three Gross Margin figures came in at 19.99% (Q4 2025), 20.65% (Q3 2025), and 19.39% (Q2 2025), per Business Quant data.