Credit and interest ratesnegative · 1 filings
“Interest expense: Interest expense decreased for 2025 primarily as a result of lower average debt levels.”10-K · Feb 13, 2026 ↗
Polaris Inc.
PII
Market read
Polaris Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Company-2.3% todayVolume comparison unavailable
Market group0 of 41 activeResidential Construction · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- PII's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if PII's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- PII's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements39
Verified relationships6
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
- Latest annual revenue changed -0.3% year over year.
- Operating margin changed -8.9 percentage points in the latest annual period.
- Net margin changed -8.1 percentage points in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
57.936m+8.3%12m-2.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$7.4B+18.4%$7.88+0.2%
2022-12-31$8.6B+15.5%$7.44-4.1%
2023-12-31$8.9B+4.0%$8.71-4.0%
2024-12-31$7.2B-19.7%$1.95-1.6%
2025-12-31$7.2B-0.3%$-8.18+0.2%
What management says matters
Persistent and emerging business drivers
Industry cycle and competitionmixed · 1 filings
“In the second quarter of 2025, as a result of a continued decline in financial performance and prolonged deterioration of industry conditions, the Company determined it was more-likely-than-not that the fair value of the On Road reporting unit was less than i…”10-K · Feb 13, 2026 ↗
Input and raw-material costsnegative · 1 filings
“Gross profit, as a percentage of sales, decreased in 2025 primarily due to higher operational costs and unfavorable product mix, partially offset by higher net pricing.”10-K · Feb 13, 2026 ↗
Labor availability and costsnegative · 1 filings
“2023 Purchased materials and logistics $ 4,801.8 83 % $ 4,693.6 82 % 2 % $ 5,802.9 83 % (19) % Labor costs 627.4 11 % 628.8 11 % — % 756.7 11 % (17) % Depreciation and amortization 218.2 4 % 220.8 4 % (1) % 205.8 3 % 7 % Warranty 135.9 2 % 165.4 3 % (18) % 20…”10-K · Feb 13, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.5× · EV/sales 0.7×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
57.93-2.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PII. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for PII. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind PII
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
SYFSynchrony FinancialpartnerApr 23, 2026 ▾
“Our Lifestyle sales platform partners include a wide range of key retailers in the apparel, specialty retail, outdoor, music and luxury industry, such as American Eagle, Dick's Sporting Goods, Guitar Center, Pandora, Polaris, Suzuki and Sweetwater.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PII is currently a Follower in the organic co-movement group Residential Construction. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.