Polaris Industries

Polaris Industries

American manufacturer of snowmobiles, atv, and neighborhood electric vehicles. Learn more

Launch date
Employees
Market cap
CAD5.9b
Enterprise valuation
CAD8.6b (Public information from Sep 2024)
Medina Ohio (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues7.0b8.2b8.6b8.9b7.3b7.8b8.1b
% growth4 %17 %5 %4 %(18 %)6 %3 %
EBITDA848m944m1.1b1.0b685m853m963m
% EBITDA margin12 %12 %12 %11 %9 %11 %12 %
Profit125m494m447m503m191m334m400m
% profit margin2 %6 %5 %6 %3 %4 %5 %
EV / revenue1.0x1.0x0.9x0.8x0.9x0.8x0.8x
EV / EBITDA8.0x8.9x7.1x6.9x9.3x7.5x6.6x
R&D budget296m337m367m374m---
R&D % of revenue4 %4 %4 %4 %---

Source: Dealroom estimates

  • Edit
DateInvestorsAmountRound
N/A

N/A

IPO
*

$700k

Grant
*
N/A

$500m

Post IPO Debt
Total FundingCAD955k

Recent News about Polaris Industries

Edit
More about Polaris Industriesinfo icon
Edit

Polaris Inc., established in 1954, is a leading innovator in the powersports industry, consistently pushing the boundaries of outdoor recreational and work-related vehicles. The company designs and manufactures a wide range of products, including all-terrain vehicles (ATVs), side-by-sides, snowmobiles, motorcycles, and boats. Polaris caters to a diverse clientele, from outdoor enthusiasts seeking adventure to professionals needing reliable equipment for work.

Operating in the global powersports market, Polaris has carved out a niche by focusing on high-performance, reliable, and customizable vehicles. Their products are designed to enhance the outdoor experience, whether for leisure or utility purposes. The company serves individual consumers, adventure outfitters, and rental services, providing them with top-tier vehicles that combine performance, comfort, and style.

Polaris employs a multifaceted business model. It generates revenue through direct sales of its vehicles and accessories, a robust dealer network, and a unique subscription service called Polaris Adventures. This program allows members to rent various Polaris vehicles, such as ATVs and snowmobiles, on a monthly basis, offering flexible and accessible outdoor experiences. Additionally, Polaris Adventures partners with local outfitters to provide curated outdoor experiences, further expanding its market reach.

The company’s financial success is driven by its continuous innovation, strong brand reputation, and the ability to meet the evolving needs of its customers. Polaris also emphasizes community involvement and sustainability, ensuring that its growth positively impacts both society and the environment.

Keywords: Powersports, ATVs, Snowmobiles, Motorcycles, Boats, Outdoor Adventures, Subscription Service, Innovation, Reliability, Customization.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Polaris Industries

Edit
Brammo
ACQUISITION by Cummins Oct 2017
Transamerican Auto Parts
ACQUISITION by Wheel Pros Jun 2022
WSI Industries
ACQUISITION by Polaris Industries Sep 2018
Indian Motorcycle
ACQUISITION by Polaris Industries Apr 2011
Aixam Mega
ACQUISITION by Polaris Industries Apr 2013
Walker Evans Racing (Formerly Walker Evans Enterprises)
ACQUISITION by Polaris Industries Jul 2023