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Polaris Inc. (PII)

Consumer Cyclical | Recreational Vehicles | Medina, United States | NYSE
53.51 USD +0.02 (0.037%) ⇧ (Oct. 16, 2026, 10:38 a.m. EDT)
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 5:33 a.m. EDT

The investment case for Polaris is currently fractured by a severe disconnect between its generous headline yield and its deteriorating operational reality. While the 5.15% dividend yield is attractive on paper, the company is actively burning cash, evidenced by a negative profit margin and a return on equity of -25.6%. This suggests the dividend is being funded by capital recycling rather than robust free cash flow generation, creating a precarious payout ratio despite the reported 3.6x coverage. The multi-year price trajectory confirms this structural weakness, with the stock down nearly 25% over the last nine years and missing two consecutive annual gains. Although the valuation appears cheap relative to book value, the market is rightly pricing in a business that is struggling to grow. On the short end, the options market reflects this anxiety with a distinct skew toward downside protection, indicating that traders expect further volatility and potential declines rather than a recovery. Until the company demonstrates a sustained return to profitability and stabilizes its revenue growth, the high yield serves more as a trap than a safety net.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.118837
AutoETS0.143974
MSTL0.149565
AutoTheta0.169237

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 38%
H-stat 63.53
Ljung-Box p 0.000
Jarque-Bera p 0.214
Excess Kurtosis -1.11
Attribute Value
Sector Consumer Cyclical
Ex Dividend Date 2026-08-31
Last Dividend Date 2026-08-31
Debt to Equity Ratio 244.899
Revenue per Share 131.536
Market Cap 3,044,907,520
Forward P/E 15.74
Beta 1.34
Profit Margins -3.46%
Website https://www.polaris.com

As of Oct. 10, 2026, 5:33 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at strikes significantly below current price (e.g., $30-$40 range), while call activity remains sparse and concentrated at moderate strikes. Implied volatility is elevated for deep out-of-the-money puts relative to calls, suggesting a fear of a sharp downside gap rather than a rally. The lack of significant call volume above the current price indicates limited speculative appetite for immediate upside.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.11% 4.30% 4.30% 3.49%
Dividend History
Date Dividend Yield %
2026-09-01 0.680000 1.107853
2026-06-01 0.680000 1.003690
2026-03-02 0.680000 1.152542
2025-12-01 0.670000 1.033153
2025-09-02 0.670000 1.180201
2025-06-02 0.670000 1.765016
2025-03-03 0.670000 1.567251
2024-12-02 0.660000 0.972734
2024-09-03 0.660000 0.800291
2024-06-03 0.660000 0.803702
2024-02-29 0.660000 0.711897
2023-11-30 0.650000 0.788165
2023-08-31 0.650000 0.579891
2023-05-31 0.650000 0.603472
2023-02-28 0.650000 0.571429
2022-11-30 0.640000 0.561108
2022-08-31 0.640000 0.565022
2022-05-31 0.640000 0.600657
2022-02-28 0.640000 0.526706
2021-11-30 0.630000 0.563557
2021-08-31 0.630000 0.526052
2021-05-28 0.630000 0.480110
2021-02-26 0.630000 0.534986
2020-11-30 0.620000 0.645833
2020-08-31 0.620000 0.613618
2020-06-04 0.620000 0.647182
2020-02-28 0.620000 0.751242
2019-11-29 0.610000 0.624360
2019-08-30 0.610000 0.743721
2019-05-31 0.610000 0.763645
2019-02-28 0.610000 0.715710
2018-11-30 0.600000 0.618557
2018-08-30 0.600000 0.554529
2018-05-31 0.600000 0.536193
2018-02-28 0.600000 0.526362
2017-11-30 0.580000 0.456657
2017-08-30 0.580000 0.626553
2017-05-30 0.580000 0.685660
2017-02-27 0.580000 0.666897
2016-11-29 0.550000 0.634518
2016-08-30 0.550000 0.618881
2016-05-27 0.550000 0.636500
2016-02-26 0.550000 0.602476
2015-11-27 0.530000 0.501419
2015-08-28 0.530000 0.403902
2015-05-28 0.530000 0.365870
2015-02-26 0.530000 0.336252
2014-11-26 0.480000 0.307239
2014-08-28 0.480000 0.329489
2014-05-29 0.480000 0.366608
2014-02-27 0.480000 0.363306
2013-11-27 0.420000 0.313480
2013-08-29 0.420000 0.378038
2013-05-30 0.420000 0.441780
2013-02-27 0.420000 0.484653
2012-11-28 0.370000 0.437818
2012-08-29 0.370000 0.484864
2012-05-30 0.370000 0.480270
2012-02-28 0.370000 0.557649
2011-10-28 0.225000 0.358794
2011-07-28 0.225000 0.382101
2011-04-28 0.225000 0.426500
2011-01-28 0.225000 0.600080
2010-10-28 0.200000 0.569152
2010-07-29 0.200000 0.669792
2010-04-29 0.200000 0.646621
2010-01-28 0.200000 0.884369
2009-10-29 0.195000 0.874636
2009-07-30 0.195000 1.012987
2009-04-29 0.195000 1.191931
2009-01-30 0.195000 1.833568
2008-10-30 0.190000 1.175015
2008-07-30 0.190000 0.848214
2008-04-29 0.190000 0.819672
2008-01-30 0.190000 0.933432
2007-10-30 0.170000 0.660579
2007-07-30 0.170000 0.678507
2007-04-27 0.170000 0.658532
2007-01-30 0.170000 0.726962
2006-10-30 0.155000 0.713628
2006-07-28 0.155000 0.834455
2006-04-27 0.155000 0.645699
2006-01-30 0.155000 0.576101
2005-10-28 0.140000 0.623192
2005-07-28 0.140000 0.498931
2005-04-28 0.140000 0.489425
2005-01-28 0.140000 0.422897
2004-10-28 0.115000 0.385518
2004-07-29 0.115000 0.482281
2004-04-29 0.115000 0.536006
2004-01-29 0.115000 0.550898
2003-10-30 0.077500 0.364706
2003-07-30 0.077500 0.406291
2003-04-29 0.077500 0.578790
2003-01-29 0.077500 0.587678
2002-10-30 0.070000 0.442338
2002-07-30 0.070000 0.400000
2002-04-29 0.070000 0.370126
2002-01-30 0.070000 0.502242
2001-10-30 0.062500 0.552486
2001-07-30 0.062500 0.507614
2001-04-27 0.062500 0.638570
2001-01-30 0.062500 0.548246
2000-10-30 0.055000 0.644689
2000-07-28 0.055000 0.752137
2000-04-27 0.055000 0.706827
2000-01-28 0.055000 0.682171
1999-10-28 0.050000 0.595903
1999-07-29 0.050000 0.504732
1999-04-29 0.050000 0.530680
1999-01-28 0.050000 0.620155
1998-10-29 0.045000 0.513369
1998-07-29 0.045000 0.480000
1998-04-29 0.045000 0.501742
1998-01-29 0.045000 0.597510
1997-11-04 0.040000 0.526749
1997-07-30 0.040000 0.534447
1997-04-28 0.040000 0.612440
1997-02-04 0.040000 0.656410
1996-10-30 0.037500 0.769231
1996-07-30 0.037500 0.540541
1996-04-29 0.037500 0.431655
1996-02-01 0.037500 0.502092
1995-10-30 0.032500 0.446352
1995-09-19 0.320000 4.219780
1995-08-01 0.025000 0.377358
1995-06-06 0.320000 4.363637
1995-04-27 0.025000 0.332410
1995-03-13 0.320000 4.129032
1995-01-31 0.025000 0.338028
1994-12-09 0.105000 1.354839
1994-09-09 0.105000 1.774648
1994-06-09 0.105000 1.826087
1994-03-09 0.105000 1.826087
1993-12-09 0.105000 1.793594
1993-09-09 0.105000 1.800000
1993-06-09 0.104167 2.183413
1993-03-09 0.104167 2.444995
1992-12-09 0.104167 2.770092
1992-09-09 0.104167 2.610975
1992-06-09 0.104167 2.941186
1992-03-10 0.104167 3.236256
1991-12-10 0.104167 3.367014
1991-09-11 0.104167 3.533580
1991-06-11 0.104167 3.937021
1991-03-11 0.104167 4.291860
1991-02-25 0.104167 3.984077
1990-09-11 0.104167 4.065054
1990-06-11 0.104167 3.610119
1990-03-09 0.104167 4.237302
1989-12-11 0.050000 2.436549
Additional Data
dividendRate 2.72
dividendYield 5.09
exDividendDate 2026-09-01
trailingAnnualDividendRate 2.7
trailingAnnualDividendYield 0.050476722
lastDividendValue 0.68
lastDividendDate 2026-09-01
dividendDate 2026-09-15

Info Dump

Attribute Value
52 Week Change -0.19588095
Address1 2,100 Highway 55
All Time High 159.33
All Time Low 1.177083
Ask 53.31
Ask Size 300
Audit Risk 7
Average Analyst Rating 2.7 - Hold
Average Daily Volume10 Day 737,860
Average Daily Volume3 Month 821,353
Average Volume 821,353
Average Volume10Days 737,860
Beta 1.336
Bid 53.25
Bid Size 200
Board Risk 1
Book Value 14.701
City Medina
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 53.51
Current Ratio 1.2
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 54.1114
Day Low 53.15
Debt To Equity 244.899
Display Name Polaris
Dividend Date 1,789,430,400
Dividend Rate 2.72
Dividend Yield 5.09
Earnings Call Timestamp End 1,793,131,200
Earnings Call Timestamp Start 1,793,131,200
Earnings Timestamp 1,793,044,800
Earnings Timestamp End 1,793,044,800
Earnings Timestamp Start 1,793,044,800
Ebitda 492,100,000
Ebitda Margins 0.06546
Enterprise To Ebitda 9.766
Enterprise To Revenue 0.639
Enterprise Value 4,805,769,728
Eps Current Year 3.1413
Eps Forward 3.39991
Eps Trailing Twelve Months -4.61
Esg Populated 0
Ex Dividend Date 1,788,220,800
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 59.3534
Fifty Day Average Change -5.843403
Fifty Day Average Change Percent -0.09845102
Fifty Two Week Change Percent -19.588095
Fifty Two Week High 77.98
Fifty Two Week High Change -24.470005
Fifty Two Week High Change Percent -0.31379846
Fifty Two Week Low 47.14
Fifty Two Week Low Change 6.369999
Fifty Two Week Low Change Percent 0.13512938
Fifty Two Week Range 47.14 - 77.98
Financial Currency USD
First Trade Date Milliseconds 558,797,400,000
Five Year Avg Dividend Yield 3.06
Float Shares 53,475,656
Forward Eps 3.39991
Forward P E 15.738651
Free Cashflow 277,100,000
Full Exchange Name NYSE
Full Time Employees 14,500
Fullday Change 0.019996643
Fullday Change Percent 0.037383888
Fullday Price 53.51
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.21948
Gross Profits 1,649,900,032
Has Pre Post Market Data 1
Held Percent Insiders 0.06346
Held Percent Institutions 0.90680003
Implied Shares Outstanding 56,903,524
Industry Recreational Vehicles
Industry Disp Recreational Vehicles
Industry Key recreational-vehicles
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=108235&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,788,220,800
Last Dividend Value 0.68
Last Fiscal Year End 1,767,139,200
Last Split Date 1,315,872,000
Last Split Factor 2:1
Long Business Summary Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off Road, On Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; moto-roadsters; quadricycles; and pontoon and deck boats. It also provides source parts, garments, and accessories, such as helmets, jackets, gloves, pants, and hats; and snowmobile accessories comprising covers, traction products, reverse kits, electric starters, tracks, pull-behinds, bags, and windshields, as well as gear and apparel for its snowmobiles consisting of helmets, jackets, goggles, gloves, boots, bibs, pants, and hats. In addition, the company offers ORV accessories, including winches, bumper/brushguards, plows, racks, wheels and tires, cab systems, lighting and audio systems, cargo box accessories, and tracks, as well as replacement parts and lubricants. Further, it provides motorcycle accessories, such as performance enhancements, saddle bags, handlebars, backrests, exhausts, windshields, seats, and various chrome accessories, as well as light duty hauling and passenger vehicles. The company sells its products through dealers and distributors, as well as online. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.
Long Name Polaris Inc.
Market us_market
Market Cap 3,044,907,520
Market State REGULAR
Max Age 86,400
Message Board Id finmb_297441
Most Recent Quarter 1,782,777,600
Net Income To Common -260,400,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,071,083,190
Number Of Analyst Opinions 15
Open 53.59
Operating Cashflow 247,500,000
Operating Margins 0.071729995
Overall Risk 3
Payout Ratio 3.6806
Peg Ratio 3.34
Phone 763 542 0500
Previous Close 53.49
Price Eps Current Year 17.03435
Price Hint 2
Price To Book 3.6398883
Price To Sales Trailing12 Months 0.40505335
Profit Margins -0.03464
Quick Ratio 0.327
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.72222
Region US
Regular Market Change 0.019996643
Regular Market Change Percent 0.037383888
Regular Market Day High 54.1114
Regular Market Day Low 53.15
Regular Market Day Range 53.15 - 54.1114
Regular Market Open 53.59
Regular Market Previous Close 53.49
Regular Market Price 53.51
Regular Market Time 1,792,161,506
Regular Market Volume 73,246
Return On Assets 0.02638
Return On Equity -0.25571
Revenue Growth 0.088
Revenue Per Share 131.536
Sand P52 Week Change 0.16207206
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Share Holder Rights Risk 3
Shares Outstanding 56,903,524
Shares Percent Shares Out 0.0863
Shares Short 4,908,392
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 5,006,798
Short Name Polaris Inc.
Short Percent Of Float 0.14050001
Short Ratio 6.05
Source Interval 15
State MN
Symbol PII
Target High Price 85.0
Target Low Price 46.0
Target Mean Price 71.46667
Target Median Price 73.0
Total Cash 302,100,000
Total Cash Per Share 5.309
Total Debt 2,059,600,000
Total Revenue 7,517,300,224
Tradeable 0
Trailing Annual Dividend Rate 2.7
Trailing Annual Dividend Yield 0.050476722
Trailing Eps -4.61
Trailing Peg Ratio 3.3368
Triggerable 1
Two Hundred Day Average 63.25435
Two Hundred Day Average Change -9.74435
Two Hundred Day Average Change Percent -0.15405029
Type Disp Equity
Volume 73,246
Website https://www.polaris.com
Zip 55,340