Polaris (PII) Operating Expenses (2009 - 2025)
Polaris (PII) reported Operating Expenses of $724.0 million for Q4 2025, up 127.53% year-over-year from $318.2 million in Q4 2024, and up 90.73% on a QoQ basis from $379.6 million in Q3 2025.
Polaris (PII) has 17 years of Operating Expenses data on file, last reported at $724.0 million in Q4 2025.
- Quarterly Operating Expenses rose 127.53% year-over-year to $724.0 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 18.57% YoY) and the FY2025 annual result came in at $1.8 billion, up 41.44% from the prior year.
- Operating Expenses improved to $724.0 million in Q4 2025 per PII's latest filing, from $379.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $724.0 million in Q4 2025 and bottomed at $254.4 million in Q4 2021.
- The 5-year median for Operating Expenses is $317.6 million (2022), against an average of $337.9 million.
- Peak annual rise in Operating Expenses reached 242.28% in 2021, while the deepest fall reached 54.03% in 2021.
- Tracing PII's Operating Expenses over 5 years: stood at $254.4 million in 2021, then jumped by 30.03% to $330.8 million in 2022, then increased by 7.83% to $356.7 million in 2023, then dropped by 10.79% to $318.2 million in 2024, then soared by 127.53% to $724.0 million in 2025.
- Per Business Quant, the three latest PII Operating Expenses figures stand at $724.0 million (Q4 2025), $379.6 million (Q3 2025), and $394.9 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brunswick | 5.48 Bn | 5.20 Bn | 343.60 Mn | 291.80 Mn |
| 2 | Thor Industries | 4.17 Bn | 3.93 Bn | 251.25 Mn | 212.02 Mn |
| 3 | Polaris | 4.05 Bn | 3.77 Bn | - | - |
| 4 | Brp | 3.05 Bn | 2.70 Bn | 398.91 Mn | 389.90 Mn |
| 5 | Patrick Industries | 2.94 Bn | 2.90 Bn | 226.86 Mn | 162.14 Mn |
| 6 | Harley-Davidson | 2.66 Bn | 2.68 Bn | 266.45 Mn | 1.15 Bn |
| 7 | Lci Industries | 2.64 Bn | 2.50 Bn | 273.67 Mn | 122.62 Mn |
| 8 | Winnebago Industries | 837.26 Mn | 789.86 Mn | 85.60 Mn | 73.80 Mn |
| 9 | Malibu Boats | 526.29 Mn | 480.05 Mn | 41.28 Mn | 31.76 Mn |
| 10 | MasterCraft Boat Holdings | 376.07 Mn | 291.65 Mn | 19.54 Mn | 20.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2020 | -178.80 Mn |
| Sep 30, 2020 | 313.30 Mn |
| Jun 30, 2020 | 653.50 Mn |
| Mar 31, 2020 | 307.10 Mn |
| Dec 31, 2019 | 307.70 Mn |
| Sep 30, 2019 | 327.90 Mn |
| Jun 30, 2019 | 321.10 Mn |
| Mar 31, 2019 | 289.30 Mn |
| Dec 31, 2018 | 271.76 Mn |
| Sep 30, 2018 | 283.75 Mn |
| Jun 30, 2018 | 284.06 Mn |
| Mar 31, 2018 | 261.63 Mn |
| Dec 31, 2017 | 263.93 Mn |
| Sep 30, 2017 | 265.19 Mn |
| Jun 30, 2017 | 270.35 Mn |
| Mar 31, 2017 | 241.83 Mn |
| Sep 30, 2016 | 222.58 Mn |
| Jun 30, 2016 | 187.97 Mn |
| Mar 31, 2016 | 189.93 Mn |
| Dec 31, 2015 | 169.07 Mn |
| Sep 30, 2015 | 192.01 Mn |
| Jun 30, 2015 | 173.04 Mn |
| Mar 31, 2015 | 158.09 Mn |
| Dec 31, 2014 | 176.93 Mn |
| Sep 30, 2014 | 182.75 Mn |
| Jun 30, 2014 | 164.10 Mn |
| Mar 31, 2014 | 142.38 Mn |
| Dec 31, 2013 | 160.66 Mn |
| Sep 30, 2013 | 165.16 Mn |
| Jun 30, 2013 | 138.29 Mn |
| Mar 31, 2013 | 124.75 Mn |
| Dec 31, 2012 | 129.22 Mn |
| Sep 30, 2012 | 126.45 Mn |
| Jun 30, 2012 | 114.53 Mn |
| Mar 31, 2012 | 110.60 Mn |
| Dec 31, 2011 | 118.13 Mn |
| Sep 30, 2011 | 102.87 Mn |
| Jun 30, 2011 | 106.21 Mn |
| Mar 31, 2011 | 87.54 Mn |
| Dec 31, 2010 | 97.59 Mn |
| Sep 30, 2010 | 87.14 Mn |
| Jun 30, 2010 | 74.39 Mn |
| Mar 31, 2010 | 67.23 Mn |
| Dec 31, 2009 | 63.93 Mn |
| Sep 30, 2009 | 63.19 Mn |
| Jun 30, 2009 | 60.16 Mn |