Polaris Industries Inc
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; and moto-roadsters, quadricycles, and boat… Read more
Polaris Industries Inc (PII) - Net Assets
Latest net assets as of December 2025: $839.60 Million USD
Based on the latest financial reports, Polaris Industries Inc (PII) has net assets worth $839.60 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.89 Billion) and total liabilities ($4.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $839.60 Million |
| % of Total Assets | 17.16% |
| Annual Growth Rate | 5.8% |
| 5-Year Change | -31.53% |
| 10-Year Change | -3.16% |
| Growth Volatility | 30.05 |
Polaris Industries Inc - Net Assets Trend (1987–2025)
This chart illustrates how Polaris Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Polaris Industries Inc (1987–2025)
The table below shows the annual net assets of Polaris Industries Inc from 1987 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $839.60 Million | -35.12% |
| 2024-12-31 | $1.29 Billion | -8.92% |
| 2023-12-31 | $1.42 Billion | +28.99% |
| 2022-12-31 | $1.10 Billion | -10.18% |
| 2021-12-31 | $1.23 Billion | +7.12% |
| 2020-12-31 | $1.14 Billion | +3.30% |
| 2019-12-31 | $1.11 Billion | +27.82% |
| 2018-12-31 | $867.01 Million | -6.94% |
| 2017-12-31 | $931.66 Million | +7.45% |
| 2016-12-31 | $867.04 Million | -11.66% |
| 2015-12-31 | $981.48 Million | +13.96% |
| 2014-12-31 | $861.27 Million | +60.80% |
| 2013-12-31 | $535.61 Million | -22.44% |
| 2012-12-31 | $690.53 Million | +38.09% |
| 2011-12-31 | $500.06 Million | +34.79% |
| 2010-12-31 | $370.99 Million | +81.38% |
| 2009-12-31 | $204.54 Million | +49.27% |
| 2008-12-31 | $137.03 Million | -20.79% |
| 2007-12-31 | $172.98 Million | +3.35% |
| 2006-12-31 | $167.37 Million | -55.61% |
| 2005-12-31 | $377.02 Million | +4.23% |
| 2004-12-31 | $361.73 Million | +13.26% |
| 2003-12-31 | $319.38 Million | +15.25% |
| 2002-12-31 | $277.11 Million | +16.05% |
| 2001-12-31 | $238.78 Million | +16.63% |
| 2000-12-31 | $204.73 Million | +21.72% |
| 1999-12-31 | $168.20 Million | +9.79% |
| 1998-12-31 | $153.20 Million | -9.46% |
| 1997-12-31 | $169.20 Million | +8.95% |
| 1996-12-31 | $155.30 Million | +31.05% |
| 1995-12-31 | $118.50 Million | -30.17% |
| 1994-12-31 | $169.70 Million | +105.70% |
| 1993-12-31 | $82.50 Million | +6.31% |
| 1992-12-31 | $77.60 Million | -6.39% |
| 1991-12-31 | $82.90 Million | -9.99% |
| 1990-12-31 | $92.10 Million | -6.78% |
| 1989-12-31 | $98.80 Million | +1.44% |
| 1988-12-31 | $97.40 Million | -1.22% |
| 1987-12-31 | $98.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Polaris Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $828.40 Million | 100.00% |
| Total Equity | $828.40 Million | 100.00% |
Polaris Industries Inc Competitors by Market Cap
The table below lists competitors of Polaris Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCHOLAR ROCK HLDG DL-001
F:2QK
|
$2.78 Billion |
|
Marui Group Co. Ltd
F:MUI
|
$2.78 Billion |
|
JBS S.A
SA:JBSS3
|
$2.78 Billion |
|
Danieli & C Officine Meccaniche SpA
LSE:0APM
|
$2.78 Billion |
|
D’Ieteren NV
LSE:0ON7
|
$2.78 Billion |
|
Varonis Systems, Inc.
LSE:0VOU
|
$2.78 Billion |
|
KBC Ancora
BR:KBCA
|
$2.78 Billion |
|
Spring Airlines Co Ltd
SHG:601021
|
$2.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polaris Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,289,900,000 to 828,400,000, a change of -461,500,000 (-35.8%).
- Net loss of 465,500,000 reduced equity.
- Dividend payments of 150,300,000 reduced retained earnings.
- Share repurchases of 2,400,000 reduced equity.
- Other comprehensive income increased equity by 125,500,000.
- Other factors increased equity by 31,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-465.50 Million | -56.19% |
| Dividends Paid | $150.30 Million | -18.14% |
| Share Repurchases | $2.40 Million | -0.29% |
| Other Comprehensive Income | $125.50 Million | +15.15% |
| Other Changes | $31.20 Million | +3.77% |
| Total Change | $- | -35.78% |
Book Value vs Market Value Analysis
This analysis compares Polaris Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 36.92x to 3.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $1.41 | $52.00 | x |
| 1988-12-31 | $1.15 | $52.00 | x |
| 1989-12-31 | $1.10 | $52.00 | x |
| 1990-12-31 | $0.95 | $52.00 | x |
| 1991-12-31 | $0.92 | $52.00 | x |
| 1992-12-31 | $0.89 | $52.00 | x |
| 1993-12-31 | $0.68 | $52.00 | x |
| 1994-12-31 | $1.38 | $52.00 | x |
| 1995-12-31 | $1.07 | $52.00 | x |
| 1996-12-31 | $1.39 | $52.00 | x |
| 1997-12-31 | $1.58 | $52.00 | x |
| 1998-12-31 | $1.47 | $52.00 | x |
| 1999-12-31 | $1.69 | $52.00 | x |
| 2000-12-31 | $2.06 | $52.00 | x |
| 2001-12-31 | $2.43 | $52.00 | x |
| 2002-12-31 | $2.84 | $52.00 | x |
| 2003-12-31 | $3.43 | $52.00 | x |
| 2004-12-31 | $4.07 | $52.00 | x |
| 2005-12-31 | $4.31 | $52.00 | x |
| 2006-12-31 | $2.02 | $52.00 | x |
| 2007-12-31 | $2.38 | $52.00 | x |
| 2008-12-31 | $2.04 | $52.00 | x |
| 2009-12-31 | $3.09 | $52.00 | x |
| 2010-12-31 | $5.40 | $52.00 | x |
| 2011-12-31 | $7.04 | $52.00 | x |
| 2012-12-31 | $9.73 | $52.00 | x |
| 2013-12-31 | $7.59 | $52.00 | x |
| 2014-12-31 | $12.62 | $52.00 | x |
| 2015-12-31 | $14.54 | $52.00 | x |
| 2016-12-31 | $13.31 | $52.00 | x |
| 2017-12-31 | $14.52 | $52.00 | x |
| 2018-12-31 | $13.56 | $52.00 | x |
| 2019-12-31 | $17.79 | $52.00 | x |
| 2020-12-31 | $18.28 | $52.00 | x |
| 2021-12-31 | $19.53 | $52.00 | x |
| 2022-12-31 | $18.29 | $52.00 | x |
| 2023-12-31 | $24.58 | $52.00 | x |
| 2024-12-31 | $22.71 | $52.00 | x |
| 2025-12-31 | $14.56 | $52.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polaris Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -56.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.51%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 5.91x
- Recent ROE (-56.19%) is below the historical average (37.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 1.42% | 3.14% | 0.38x | 1.18x | $-8.46 Million |
| 1988 | 17.76% | 10.09% | 1.45x | 1.21x | $7.56 Million |
| 1989 | 24.60% | 10.02% | 1.76x | 1.39x | $14.42 Million |
| 1990 | 34.09% | 10.60% | 2.13x | 1.51x | $22.19 Million |
| 1991 | 30.04% | 8.36% | 2.20x | 1.63x | $16.61 Million |
| 1992 | 44.72% | 9.04% | 2.62x | 1.89x | $26.94 Million |
| 1993 | 55.52% | 8.67% | 2.93x | 2.19x | $37.55 Million |
| 1994 | 76.02% | 15.61% | 2.49x | 1.95x | $112.03 Million |
| 1995 | 51.31% | 5.46% | 3.54x | 2.65x | $48.95 Million |
| 1996 | 40.12% | 5.23% | 3.39x | 2.26x | $46.77 Million |
| 1997 | 38.65% | 6.24% | 2.72x | 2.27x | $48.48 Million |
| 1998 | 20.23% | 2.64% | 3.10x | 2.47x | $15.68 Million |
| 1999 | 45.36% | 5.78% | 2.99x | 2.63x | $59.48 Million |
| 2000 | 40.45% | 5.81% | 2.91x | 2.39x | $62.34 Million |
| 2001 | 38.28% | 6.05% | 2.68x | 2.37x | $67.54 Million |
| 2002 | 37.38% | 6.81% | 2.50x | 2.20x | $75.88 Million |
| 2003 | 34.73% | 6.91% | 2.39x | 2.10x | $78.99 Million |
| 2004 | 35.48% | 7.24% | 2.24x | 2.19x | $92.18 Million |
| 2005 | 36.26% | 7.31% | 2.43x | 2.04x | $99.01 Million |
| 2006 | 66.90% | 6.76% | 2.13x | 4.65x | $95.24 Million |
| 2007 | 64.54% | 6.27% | 2.31x | 4.45x | $94.35 Million |
| 2008 | 85.67% | 6.03% | 2.59x | 5.48x | $103.69 Million |
| 2009 | 49.39% | 6.45% | 2.05x | 3.73x | $80.56 Million |
| 2010 | 39.66% | 7.39% | 1.88x | 2.86x | $110.04 Million |
| 2011 | 45.51% | 8.57% | 2.16x | 2.46x | $177.57 Million |
| 2012 | 45.23% | 9.73% | 2.16x | 2.16x | $243.26 Million |
| 2013 | 70.44% | 9.99% | 2.24x | 3.15x | $323.73 Million |
| 2014 | 52.72% | 10.14% | 2.16x | 2.41x | $367.90 Million |
| 2015 | 46.40% | 9.65% | 1.98x | 2.43x | $357.21 Million |
| 2016 | 24.56% | 4.71% | 1.46x | 3.57x | $126.24 Million |
| 2017 | 18.51% | 3.18% | 1.76x | 3.32x | $79.33 Million |
| 2018 | 38.68% | 5.52% | 1.47x | 4.76x | $248.58 Million |
| 2019 | 29.24% | 4.78% | 1.53x | 4.00x | $213.16 Million |
| 2020 | 10.90% | 1.78% | 1.52x | 4.05x | $10.35 Million |
| 2021 | 40.34% | 6.64% | 1.47x | 4.12x | $371.47 Million |
| 2022 | 53.66% | 6.87% | 1.65x | 4.75x | $479.80 Million |
| 2023 | 35.45% | 5.63% | 1.62x | 3.89x | $360.96 Million |
| 2024 | 8.59% | 1.54% | 1.30x | 4.28x | $-18.19 Million |
| 2025 | -56.19% | -6.51% | 1.46x | 5.91x | $-548.34 Million |
Industry Comparison
This section compares Polaris Industries Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $517,623,270
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polaris Industries Inc (PII) | $839.60 Million | 1.42% | 4.83x | $2.78 Billion |
| Alternet Systems Inc (ALYI) | $-1.40 Million | 0.00% | 0.00x | $74.94K |
| Brunswick Corporation (BC) | $1.11 Billion | 7.36% | 1.84x | $4.62 Billion |
| Bénéteau S.A (BTEAF) | $644.12 Million | 7.68% | 1.17x | $279.12 Million |
| Ev Dynamics (Holdings) Limited (CHDHF) | $3.21 Billion | -1.12% | 0.04x | $2.95 Million |
| Curtiss Motorcycles Company Inc (CMOT) | $-1.07 Million | 0.00% | 0.00x | $411.06K |
| BRP Inc (DOOO) | $165.50 Million | 155.41% | 14.20x | $2.73 Billion |
| Evil Empire Designs Inc. (EVVL) | $-406.15K | 0.00% | 0.00x | $5.82K |
| EZGO Technologies Ltd (EZGO) | $32.54 Million | -9.15% | 0.29x | $266.61K |
| Folkup Development Inc (FLDI) | $2.16K | -39.02% | 0.41x | $4.00 Million |
| Forza X1 Inc (FRZA) | $13.70 Million | -26.33% | 0.04x | $1.73 Million |