Polaris Industries Inc (PII) - Net Assets
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. Check financial resilience of Polaris Industries Inc to evaluate the company's liquid asset resilience ratio.
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. Also explore how large is Polaris Industries Inc's balance sheet for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Polaris Industries Inc stock valuation.
| 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 18860.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $600.00K | 0.07% |
| Other Comprehensive Income | $-32.10 Million | -3.87% |
| Other Components | $1.33 Billion | 160.42% |
| 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 |
|---|---|
|
Guangdong Provincial Expressway Development Co Ltd
SHE:000429
|
$3.21 Billion |
|
Enea S.A.
WAR:ENA
|
$3.21 Billion |
|
Palomar Holdings Inc
NASDAQ:PLMR
|
$3.21 Billion |
|
Blackstone Mortgage Trust Inc
NYSE:BXMT
|
$3.21 Billion |
|
Premium Brands Holdings Corporation
TO:PBH
|
$3.20 Billion |
|
SunocoCorp LLC
NYSE:SUNC
|
$3.20 Billion |
|
North Navigation Control Technology Co Ltd
SHG:600435
|
$3.20 Billion |
|
Betta Pharmaceuticals Co Ltd
SHE:300558
|
$3.20 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 93,400,000.
- Other factors increased equity by 63,300,000.
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 | $93.40 Million | +11.27% |
| Other Changes | $63.30 Million | +7.64% |
| 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: 4.56x
- 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 47.15x to 4.56x 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 | $66.42 | x |
| 1988-12-31 | $1.15 | $66.42 | x |
| 1989-12-31 | $1.10 | $66.42 | x |
| 1990-12-31 | $0.95 | $66.42 | x |
| 1991-12-31 | $0.92 | $66.42 | x |
| 1992-12-31 | $0.89 | $66.42 | x |
| 1993-12-31 | $0.68 | $66.42 | x |
| 1994-12-31 | $1.38 | $66.42 | x |
| 1995-12-31 | $1.07 | $66.42 | x |
| 1996-12-31 | $1.39 | $66.42 | x |
| 1997-12-31 | $1.58 | $66.42 | x |
| 1998-12-31 | $1.47 | $66.42 | x |
| 1999-12-31 | $1.69 | $66.42 | x |
| 2000-12-31 | $2.06 | $66.42 | x |
| 2001-12-31 | $2.43 | $66.42 | x |
| 2002-12-31 | $2.84 | $66.42 | x |
| 2003-12-31 | $3.43 | $66.42 | x |
| 2004-12-31 | $4.07 | $66.42 | x |
| 2005-12-31 | $4.31 | $66.42 | x |
| 2006-12-31 | $2.02 | $66.42 | x |
| 2007-12-31 | $2.38 | $66.42 | x |
| 2008-12-31 | $2.04 | $66.42 | x |
| 2009-12-31 | $3.09 | $66.42 | x |
| 2010-12-31 | $5.40 | $66.42 | x |
| 2011-12-31 | $7.04 | $66.42 | x |
| 2012-12-31 | $9.73 | $66.42 | x |
| 2013-12-31 | $7.59 | $66.42 | x |
| 2014-12-31 | $12.62 | $66.42 | x |
| 2015-12-31 | $14.54 | $66.42 | x |
| 2016-12-31 | $13.31 | $66.42 | x |
| 2017-12-31 | $14.52 | $66.42 | x |
| 2018-12-31 | $13.57 | $66.42 | x |
| 2019-12-31 | $17.79 | $66.42 | x |
| 2020-12-31 | $18.29 | $66.42 | x |
| 2021-12-31 | $19.56 | $66.42 | x |
| 2022-12-31 | $18.29 | $66.42 | x |
| 2023-12-31 | $24.58 | $66.42 | x |
| 2024-12-31 | $22.71 | $66.42 | x |
| 2025-12-31 | $14.56 | $66.42 | 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 | 38.67% | 5.52% | 1.47x | 4.76x | $248.56 Million |
| 2019 | 29.23% | 4.78% | 1.53x | 4.00x | $213.14 Million |
| 2020 | 10.90% | 1.78% | 1.52x | 4.05x | $10.32 Million |
| 2021 | 40.28% | 6.64% | 1.47x | 4.12x | $371.27 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: $569,528,955
- Average return on equity (ROE) among peers: 13.85%
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 | $3.20 Billion |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $813.90 Million | 91.34% | 7.32x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $18.43 Million | 26.71% | 2.78x | $60.30 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $21.70 Million | 8.12% | 1.53x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $513.57 Million | 21.39% | 0.66x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About 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; moto-roadsters; quadricycles; and pontoon … Read more