Polaris (PII) Research & Development (2009 - 2025)
Polaris (PII) reported Research & Development of $105.9 million for Q4 2025, up 35.42% year-over-year from $78.2 million in Q4 2024, and up 14.12% on a QoQ basis from $92.8 million in Q3 2025.
Polaris (PII) has 17 years of Research & Development data on file, last reported at $105.9 million in Q4 2025.
- Quarterly Research & Development rose 35.42% year-over-year to $105.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $371.9 million (up 10.39% YoY) and the FY2025 annual result came in at $371.9 million, up 10.39% from the prior year.
- Research & Development climbed to $105.9 million in Q4 2025 per PII's latest filing, from $92.8 million in the prior quarter.
- Across five years, Research & Development topped out at $105.9 million in Q4 2025 and bottomed at $78.2 million in Q4 2024.
- The 5-year median for Research & Development is $87.3 million (2022), against an average of $89.0 million.
- The widest annual swing landed in 2024, when Research & Development slipped 15.73%; it then surged 35.42% in 2025.
- Tracing PII's Research & Development over 5 years: stood at $79.6 million in 2021, then advanced by 26.38% to $100.6 million in 2022, then fell by 7.75% to $92.8 million in 2023, then dropped by 15.73% to $78.2 million in 2024, then jumped by 35.42% to $105.9 million in 2025.
- Per Business Quant, the three latest PII Research & Development figures stand at $105.9 million (Q4 2025), $92.8 million (Q3 2025), and $90.3 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Brunswick | 5.48 Bn | 5.20 Bn | 343.60 Mn | 46.30 Mn |
| 2 | Thor Industries | 4.17 Bn | 3.93 Bn | 251.25 Mn | - |
| 3 | Polaris | 4.05 Bn | 3.77 Bn | - | - |
| 4 | Brp | 3.05 Bn | 2.70 Bn | 398.91 Mn | 88.77 Mn |
| 5 | Patrick Industries | 2.94 Bn | 2.90 Bn | 226.86 Mn | - |
| 6 | Harley-Davidson | 2.66 Bn | 2.68 Bn | 266.45 Mn | - |
| 7 | Lci Industries | 2.64 Bn | 2.50 Bn | 273.67 Mn | - |
| 8 | Winnebago Industries | 837.26 Mn | 789.86 Mn | 85.60 Mn | - |
| 9 | Malibu Boats | 526.29 Mn | 480.05 Mn | 41.28 Mn | - |
| 10 | MasterCraft Boat Holdings | 376.07 Mn | 291.65 Mn | 19.54 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 105.90 Mn |
| Sep 30, 2025 | 92.80 Mn |
| Jun 30, 2025 | 90.30 Mn |
| Mar 31, 2025 | 82.90 Mn |
| Dec 31, 2024 | 78.20 Mn |
| Sep 30, 2024 | 84.10 Mn |
| Jun 30, 2024 | 86.80 Mn |
| Mar 31, 2024 | 87.80 Mn |
| Dec 31, 2023 | 92.80 Mn |
| Sep 30, 2023 | 91.80 Mn |
| Jun 30, 2023 | 93.20 Mn |
| Mar 31, 2023 | 96.50 Mn |
| Dec 31, 2022 | 100.60 Mn |
| Sep 30, 2022 | 98.50 Mn |
| Jun 30, 2022 | 86.80 Mn |
| Mar 31, 2022 | 80.80 Mn |
| Dec 31, 2021 | 79.60 Mn |
| Sep 30, 2021 | 84.80 Mn |
| Jun 30, 2021 | 86.70 Mn |
| Mar 31, 2021 | 79.50 Mn |
| Dec 31, 2020 | 65.70 Mn |
| Sep 30, 2020 | 77.20 Mn |
| Jun 30, 2020 | 66.80 Mn |
| Mar 31, 2020 | 78.40 Mn |
| Dec 31, 2019 | 72.10 Mn |
| Sep 30, 2019 | 77.30 Mn |
| Jun 30, 2019 | 76.40 Mn |
| Mar 31, 2019 | 67.10 Mn |
| Dec 31, 2018 | 61.96 Mn |
| Sep 30, 2018 | 64.18 Mn |
| Jun 30, 2018 | 68.33 Mn |
| Mar 31, 2018 | 65.23 Mn |
| Dec 31, 2017 | 62.41 Mn |
| Sep 30, 2017 | 63.13 Mn |
| Jun 30, 2017 | 60.75 Mn |
| Mar 31, 2017 | 52.01 Mn |
| Sep 30, 2016 | 47.57 Mn |
| Jun 30, 2016 | 45.58 Mn |
| Mar 31, 2016 | 43.11 Mn |
| Dec 31, 2015 | 41.73 Mn |
| Sep 30, 2015 | 44.43 Mn |
| Jun 30, 2015 | 41.43 Mn |
| Mar 31, 2015 | 38.86 Mn |
| Dec 31, 2014 | 37.38 Mn |
| Sep 30, 2014 | 38.59 Mn |
| Jun 30, 2014 | 36.98 Mn |
| Mar 31, 2014 | 35.51 Mn |
| Dec 31, 2013 | 36.13 Mn |
| Sep 30, 2013 | 37.01 Mn |
| Jun 30, 2013 | 34.60 Mn |
| Mar 31, 2013 | 31.45 Mn |
| Dec 31, 2012 | 33.33 Mn |
| Sep 30, 2012 | 32.35 Mn |
| Jun 30, 2012 | 31.22 Mn |
| Mar 31, 2012 | 30.47 Mn |
| Dec 31, 2011 | 31.38 Mn |
| Sep 30, 2011 | 25.75 Mn |
| Jun 30, 2011 | 25.50 Mn |
| Mar 31, 2011 | 23.00 Mn |
| Dec 31, 2010 | 25.43 Mn |
| Sep 30, 2010 | 22.26 Mn |
| Jun 30, 2010 | 18.51 Mn |
| Mar 31, 2010 | 18.74 Mn |
| Dec 31, 2009 | 15.87 Mn |
| Sep 30, 2009 | 15.31 Mn |
| Jun 30, 2009 | 15.22 Mn |