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Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to another segment of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.
1954
15K+
LTM Revenue $7.1B
LTM EBITDA $600M
$3.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Polaris has a last 12-month revenue of $7.1B and a last 12-month EBITDA of $600M.
In the most recent fiscal year, Polaris achieved revenue of $7.2B and an EBITDA of $564M.
Polaris expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Polaris valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $8.9B | $7.2B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $2.0B | XXX | XXX | XXX |
| Gross Margin | 22% | 27% | XXX | XXX | XXX |
| EBITDA | $1.0B | $564M | XXX | XXX | XXX |
| EBITDA Margin | 11% | 8% | XXX | XXX | XXX |
| Net Profit | $447M | $503M | XXX | XXX | XXX |
| Net Margin | 5% | 7% | XXX | XXX | XXX |
| Net Debt | $1.7B | $1.5B | XXX | XXX | XXX |
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As of April 15, 2025, Polaris's stock price is $34.
Polaris has current market cap of $1.9B, and EV of $3.8B.
See Polaris trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.8B | $1.9B | XXX | XXX | XXX | XXX | $2.60 |
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Sign UpAs of April 15, 2025, Polaris has market cap of $1.9B and EV of $3.8B.
Polaris's trades at 0.5x LTM EV/Revenue multiple, and 6.4x LTM EBITDA.
Analysts estimate Polaris's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Polaris and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.8B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | XXX | XXX |
| P/E | 17.2x | XXX | XXX | XXX |
| P/E/Growth | 1.1x | XXX | XXX | XXX |
| EV/FCF | -67.9x | XXX | XXX | XXX |
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Sign UpPolaris's NTM/LTM revenue growth is -1%
Polaris's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Polaris's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Polaris's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Polaris and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -20% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -44% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 7% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 16% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ebusco Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Polaris acquired XXX companies to date.
Last acquisition by Polaris was XXXXXXXX, XXXXX XXXXX XXXXXX . Polaris acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Polaris founded? | Polaris was founded in 1954. |
| Where is Polaris headquartered? | Polaris is headquartered in United States of America. |
| How many employees does Polaris have? | As of today, Polaris has 15K+ employees. |
| Who is the CEO of Polaris? | Polaris's CEO is Mr. Michael T. Speetzen. |
| Is Polaris publicy listed? | Yes, Polaris is a public company listed on NYS. |
| What is the stock symbol of Polaris? | Polaris trades under PII ticker. |
| When did Polaris go public? | Polaris went public in 1995. |
| Who are competitors of Polaris? | Similar companies to Polaris include e.g. Ebusco Holding, Traton, Ashok Leyland, TVS Motor. |
| What is the current market cap of Polaris? | Polaris's current market cap is $1.9B |
| What is the current revenue of Polaris? | Polaris's last 12-month revenue is $7.1B. |
| What is the current EBITDA of Polaris? | Polaris's last 12-month EBITDA is $600M. |
| What is the current EV/Revenue multiple of Polaris? | Current revenue multiple of Polaris is 0.5x. |
| What is the current EV/EBITDA multiple of Polaris? | Current EBITDA multiple of Polaris is 6.4x. |
| What is the current revenue growth of Polaris? | Polaris revenue growth between 2023 and 2024 was -20%. |
| Is Polaris profitable? | Yes, Polaris is EBITDA-positive (as of the last 12 months). |
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