Polaris PII
NYSE PII
$59.76 -1.63 (-2.65%)
As of: Sep 9, 2026 · 1:24 PM EDT

Polaris (PII) Operating Expenses (2009 - 2025)

Polaris' (PII) quarterly Operating Expenses came in at $724.0 million in Q4 2025, up 127.53% year-over-year from $318.2 million in Q4 2024, and up 90.73% quarter-over-quarter from $379.6 million in Q3 2025.

Analysis

Polaris (PII) Operating Expenses (2009 - 2025) Analysis & Trends

Polaris (PII) has reported Operating Expenses for 17 consecutive years, with $724.0 million the latest figure, recorded in Q4 2025.

  • On a quarterly basis, Operating Expenses rose 127.53% year-over-year to $724.0 million in Q4 2025; TTM through Dec 2025 was $1.8 billion, a 41.44% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 41.44% from the prior year.
  • Operating Expenses was $724.0 million for Q4 2025 at Polaris, up from $379.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $724.0 million in Q4 2025 and troughed at $254.4 million in Q4 2021.
  • A 5-year average of $337.9 million and a median of $317.6 million in 2022 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 242.28% in 2021, down 54.03% in 2021.
  • Over 5 years, Operating Expenses stood at $254.4 million in 2021, then surged by 30.03% to $330.8 million in 2022, then rose by 7.83% to $356.7 million in 2023, then declined by 10.79% to $318.2 million in 2024, then jumped by 127.53% to $724.0 million in 2025.
  • The last three Operating Expenses figures came in at $724.0 million (Q4 2025), $379.6 million (Q3 2025), and $394.9 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Thor Industries 3.80 Bn 3.43 Bn 354.77 Mn 230.93 Mn
2 Polaris 3.44 Bn 3.13 Bn - -
3 Harley-Davidson 2.80 Bn 906.15 Mn 421.12 Mn 1.15 Bn
4 Brunswick 1.59 Bn 1.28 Bn 437.80 Mn 308.40 Mn
5 Winnebago Industries 819.00 Mn 761.90 Mn 94.90 Mn 71.90 Mn
6 Malibu Boats 499.99 Mn 425.57 Mn 52.19 Mn 38.55 Mn
7 MasterCraft Boat Holdings 370.08 Mn 285.46 Mn 19.54 Mn 20.84 Mn
8 Niu Technologies 164.51 Mn -30.62 Mn 33.95 Mn -50.21 Mn
9 Massimo 41.22 Mn 36.59 Mn 7.28 Mn 5.62 Mn
10 Gogoro 39.10 Mn -29.74 Mn 15.96 Mn 19.05 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 724.00 Mn
Sep 30, 2025 379.60 Mn
Jun 30, 2025 394.90 Mn
Mar 31, 2025 303.20 Mn
Dec 31, 2024 318.20 Mn
Sep 30, 2024 312.60 Mn
Jun 30, 2024 329.80 Mn
Mar 31, 2024 313.20 Mn
Dec 31, 2023 356.70 Mn
Sep 30, 2023 328.20 Mn
Jun 30, 2023 329.60 Mn
Mar 31, 2023 324.90 Mn
Dec 31, 2022 330.80 Mn
Sep 30, 2022 317.00 Mn
Jun 30, 2022 291.50 Mn
Mar 31, 2022 264.10 Mn
Dec 31, 2021 254.40 Mn
Sep 30, 2021 273.10 Mn
Jun 30, 2021 300.40 Mn
Mar 31, 2021 312.50 Mn