Polaris (PII) Gross Margin (2009 - 2025)
Polaris' Gross Margin was 19.99% in Q4 2025, down 0.40 percentage points from 20.39% a year earlier and down 0.66 percentage points from the prior quarter.
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Analysis
Polaris (PII) Gross Margin (2009 - 2025) Analysis & Trends
For FY2025, Gross Margin at Polaris came in at 19.14%, down 1.30 percentage points from FY2024.
- Gross Margin has now declined for five consecutive years, with a five-year change of -5.31 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 20.44% in FY2024 (-1.49 pp), 21.94% in FY2023 (-0.88 pp), 22.81% in FY2022 (-0.72 pp) and 23.54% in FY2021 (-0.91 pp).
- Quarterly Gross Margin has moved between 15.95% (Q1 2025) and 26.03% (Q2 2021) over five years.
- Compared with a year earlier, Gross Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -1.47 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q2 2021 (a gain of 4.02 percentage points); the worst was Q4 2021 (a drop of 6.48 percentage points).
- Per Business Quant data, PII's Gross Margin in the three quarters before Q4 2025 was 20.65% (Q3 2025), 19.39% (Q2 2025) and 15.95% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,148.52 Bn | 983.08 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 242.17 Bn | -164.57 Bn | 20.95 Bn | 24.69% |
| 3 | Ferrari | 145.86 Bn | 138.30 Bn | 1.18 Bn | 52.59% |
| 4 | Honda Motor | 143.38 Bn | 10.76 Bn | 8.46 Bn | 22.24% |
| 5 | General Motors | 67.56 Bn | -37.30 Bn | 7.33 Bn | 15.26% |
| 6 | Ford Motor | 47.24 Bn | -95.23 Bn | 6.08 Bn | 12.59% |
| 7 | Rivian Automotive | 20.35 Bn | -2.94 Bn | 179.00 Mn | 10.80% |
| 8 | Magna International | 17.85 Bn | 15.41 Bn | 1.61 Bn | 14.68% |
| 9 | Stellantis | 12.63 Bn | -153.36 Bn | 5.55 Bn | 10.98% |
| 10 | Polaris | 2.97 Bn | 1.91 Bn | - | - |
Historic Data
Download Data
Historic 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% |
API Access
Polaris Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();