Polaris (PII) Research & Development (2009 - 2025)
Polaris' Research & Development was $105.9 million in Q4 2025, up 35.4% from $78.2 million a year earlier and up 14.1% from the prior quarter.
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Analysis
Polaris (PII) Research & Development (2009 - 2025) Analysis & Trends
For FY2025, Research & Development at Polaris came in at $371.9 million, up 10.4% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 5.2% (FY2020 to FY2025).
- In earlier years, Research & Development was $336.9 million in FY2024 (-10.0%), $374.3 million in FY2023 (+2.1%), $366.7 million in FY2022 (+11.6%) and $328.7 million in FY2021 (+14.1%).
- The Q4 2025 figure marks the highest quarterly Research & Development in data going back to Q2 2009.
- Compared with a year earlier, Research & Development has increased for three straight quarters, with growth averaging 0.5% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q4 2025 (growth of 35.4%); the worst was Q4 2024 (a decline of 15.7%).
- Per Business Quant data, PII's Research & Development in the three quarters before Q4 2025 was $92.8 million (Q3 2025), $90.3 million (Q2 2025) and $82.9 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,157.07 Bn | 991.62 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 254.94 Bn | -151.80 Bn | 20.95 Bn | - |
| 3 | Ferrari | 147.58 Bn | 140.03 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Honda Motor | 147.32 Bn | 14.70 Bn | 8.46 Bn | -1.53 Bn |
| 5 | General Motors | 70.77 Bn | -34.10 Bn | 7.33 Bn | - |
| 6 | Ford Motor | 48.49 Bn | -93.97 Bn | 6.08 Bn | - |
| 7 | Rivian Automotive | 20.14 Bn | -3.15 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Magna International | 18.12 Bn | 15.68 Bn | 1.61 Bn | - |
| 9 | Stellantis | 13.39 Bn | -152.61 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Polaris | 2.98 Bn | 1.92 Bn | - | - |
Historic Data
Download Data
Historic 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 |
API Access
Polaris Research & Development 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=research-and-development&ticker=PII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=PII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();