Polaris (PII) Ratios
Polaris Ratios
MX:PII's free cash flow for Q3 2026 was $315.30M. For the 2026 fiscal year, MX:PII's free cash flow was decreased by $-66.50M and operating cash flow was $381.80M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.98 | 1.15 | 1.39 | 1.19 | 1.15 |
| Quick Ratio | 0.35 | 0.39 | 0.46 | 0.37 | 0.47 |
| Cash Ratio | 0.06 | 0.13 | 0.19 | 0.14 | 0.23 |
| Solvency Ratio | -0.04 | 0.09 | 0.19 | 0.20 | 0.19 |
| Operating Cash Flow Ratio | 0.33 | 0.12 | 0.48 | 0.22 | 0.13 |
| Short-Term Operating Cash Flow Coverage | 21.29 | 0.62 | 17.14 | 0.92 | 0.53 |
| Net Current Asset Value | $ -1.85B | $ -1.60B | $ -1.40B | $ -1.35B | $ -1.26B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.31 | 0.40 | 0.37 | 0.42 | 0.37 |
| Debt-to-Equity Ratio | 1.86 | 1.71 | 1.45 | 1.97 | 1.54 |
| Debt-to-Capital Ratio | 0.65 | 0.63 | 0.59 | 0.66 | 0.61 |
| Long-Term Debt-to-Capital Ratio | 0.64 | 0.56 | 0.57 | 0.58 | 0.50 |
| Financial Leverage Ratio | 5.91 | 4.28 | 3.89 | 4.75 | 4.12 |
| Debt Service Coverage Ratio | -0.27 | 0.94 | 4.77 | 1.45 | 1.27 |
| Interest Coverage Ratio | -0.21 | 1.55 | 4.70 | 10.37 | 18.22 |
| Debt to Market Cap | 0.43 | 0.64 | 0.35 | 0.34 | 0.27 |
| Interest Debt Per Share | 29.39 | 41.47 | 38.30 | 37.80 | 31.44 |
| Net Debt to EBITDA | -12.36 | 3.36 | 1.66 | 1.73 | 1.58 |
| Profitability Margins | |||||
| Gross Profit Margin | 18.52% | 19.57% | 21.33% | 22.22% | 22.81% |
| EBIT Margin | -5.59% | 3.95% | 8.44% | 9.71% | 8.94% |
| EBITDA Margin | -1.59% | 7.94% | 11.34% | 12.42% | 11.85% |
| Operating Profit Margin | -0.40% | 3.07% | 7.04% | 8.78% | 8.84% |
| Pretax Profit Margin | -7.45% | 1.96% | 6.94% | 8.86% | 8.45% |
| Net Profit Margin | -6.51% | 1.54% | 5.63% | 6.87% | 6.64% |
| Continuous Operations Profit Margin | -6.50% | 1.55% | 5.63% | 7.03% | 6.68% |
| Net Income Per EBT | 87.39% | 78.69% | 81.04% | 77.45% | 78.56% |
| EBT Per EBIT | 1882.33% | 63.88% | 98.60% | 100.98% | 95.59% |
| Return on Assets (ROA) | -9.51% | 2.01% | 9.11% | 11.30% | 9.78% |
| Return on Equity (ROE) | -56.19% | 8.59% | 35.45% | 53.66% | 40.34% |
| Return on Capital Employed (ROCE) | -1.07% | 6.82% | 17.56% | 26.10% | 23.34% |
| Return on Invested Capital (ROIC) | -0.92% | 4.71% | 13.91% | 17.23% | 15.32% |
| Return on Tangible Assets | -11.37% | 2.41% | 10.91% | 13.69% | 12.01% |
| Earnings Yield | -12.93% | 3.40% | 9.29% | 9.85% | 7.33% |
| Efficiency Ratios | |||||
| Receivables Turnover | 29.86 | 34.60 | 28.33 | 23.64 | 32.08 |
| Payables Turnover | 7.64 | 10.25 | 9.86 | 7.88 | 7.40 |
| Inventory Turnover | 4.13 | 3.31 | 3.88 | 3.52 | 3.80 |
| Fixed Asset Turnover | 6.21 | 5.46 | 6.64 | 7.60 | 7.31 |
| Asset Turnover | 1.46 | 1.30 | 1.62 | 1.65 | 1.47 |
| Working Capital Turnover Ratio | 47.29 | 13.08 | 14.93 | 22.37 | 23.00 |
| Cash Conversion Cycle | 52.93 | 85.09 | 69.88 | 72.72 | 58.08 |
| Days of Sales Outstanding | 12.22 | 10.55 | 12.89 | 15.44 | 11.38 |
| Days of Inventory Outstanding | 88.47 | 110.14 | 94.02 | 103.59 | 96.02 |
| Days of Payables Outstanding | 47.76 | 35.59 | 37.03 | 46.31 | 49.32 |
| Operating Cycle | 100.69 | 120.69 | 106.91 | 119.03 | 107.40 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 13.02 | 4.75 | 16.21 | 8.58 | 4.79 |
| Free Cash Flow Per Share | 9.81 | 0.12 | 8.99 | 3.41 | -0.08 |
| Dividend Paid and CapEx Coverage Ratio | 2.22 | 0.66 | 1.65 | 1.11 | 0.65 |
| Capital Expenditure Coverage Ratio | 4.05 | 1.02 | 2.24 | 1.66 | 0.98 |
| Operating Cash Flow Coverage Ratio | 0.48 | 0.12 | 0.45 | 0.23 | 0.16 |
| Operating Cash Flow to Sales Ratio | 0.10 | 0.04 | 0.10 | 0.06 | 0.04 |
| Free Cash Flow Yield | 15.51% | 0.20% | 9.48% | 3.37% | -0.07% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -7.73 | 29.40 | 10.76 | 10.16 | 13.64 |
| Price-to-Sales (P/S) Ratio | 0.50 | 0.45 | 0.61 | 0.70 | 0.91 |
| Price-to-Book (P/B) Ratio | 4.34 | 2.52 | 3.82 | 5.45 | 5.50 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 6.45 | 500.85 | 10.54 | 29.65 | -1464.67 |
| Price-to-Operating Cash Flow Ratio | 4.86 | 12.14 | 5.85 | 11.78 | 22.94 |
| Price-to-Earnings Growth (PEG) Ratio | 0.01 | -0.38 | -0.95 | 0.44 | 0.05 |
| Enterprise Value Multiple | -44.10 | 9.08 | 7.00 | 7.34 | 9.22 |
| Enterprise Value | 5.00B | 5.17B | 7.10B | 7.83B | 8.13B |
| EV to EBITDA | -44.10 | 9.08 | 7.00 | 7.34 | 9.22 |
| EV to Sales | 0.70 | 0.72 | 0.79 | 0.91 | 1.09 |
| EV to Free Cash Flow | 8.96 | 795.17 | 13.83 | 38.78 | -1766.65 |
| EV to Operating Cash Flow | 6.75 | 19.27 | 7.67 | 15.40 | 27.67 |
| Tangible Book Value Per Share | 0.70 | 6.33 | 9.01 | 3.22 | 4.75 |
| Shareholders’ Equity Per Share | 14.56 | 22.83 | 24.84 | 18.53 | 19.97 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.13 | 0.21 | 0.19 | 0.21 | 0.21 |
| Revenue Per Share | 125.69 | 127.00 | 156.47 | 144.84 | 121.36 |
| Net Income Per Share | -8.18 | 1.96 | 8.81 | 9.94 | 8.06 |
| Tax Burden | 0.87 | 0.79 | 0.81 | 0.77 | 0.79 |
| Interest Burden | 1.33 | 0.50 | 0.82 | 0.91 | 0.95 |
| Research & Development to Revenue | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| SG&A to Revenue | 0.14 | 0.12 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | -1.59 | 2.41 | 1.84 | 0.84 | 0.59 |
Currency in USD