Polaris annual free cash flow
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2024
2025
Polaris Free Cash Flow (FCF) History (PII)
Polaris reported $558.1M in free cash flow for fiscal 2025, an increase of 8486.15% from the previous fiscal year, with a free cash flow margin of 7.80%.
View full Polaris company overviewPolaris free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $558.1M | $551.6M | +8486.15% | +7.80% |
| 2024 | 2024-12-31 | $6.5M | −$506.7M | −98.73% | +0.09% |
| 2023 | 2023-12-31 | $513.2M | $311.2M | +154.06% | +5.74% |
| 2022 | 2022-12-31 | $202.0M | $191.1M | +1753.21% | +2.35% |
| 2021 | 2021-12-31 | $10.9M | −$803.4M | −98.66% | +0.15% |
| 2020 | 2020-12-31 | $814.3M | $410.6M | +101.71% | +12.96% |
| 2019 | 2019-12-31 | $403.7M | $152.0M | +60.39% | +5.95% |
| 2018 | 2018-12-31 | $251.7M | −$149.3M | −37.24% | +4.14% |
| 2017 | 2017-12-31 | $401.0M | $20.5M | +5.40% | +7.39% |
| 2016 | 2016-12-31 | $380.5M | $189.7M | +99.48% | +8.42% |
| 2015 | 2015-12-31 | $190.7M | −$133.4M | −41.16% | — |
| 2014 | 2014-12-31 | $324.2M | $83.4M | +34.61% | — |
| 2013 | 2013-12-31 | $240.8M | −$72.2M | −23.06% | — |
| 2012 | 2012-12-31 | $313.0M | $95.0M | +43.56% | — |
| 2011 | 2011-12-31 | $218.0M | −$23.9M | −9.86% | — |
| 2010 | 2010-12-31 | $241.9M | $92.6M | +62.06% | — |
| 2009 | 2009-12-31 | $149.3M | $50.1M | +50.50% | — |
| 2008 | 2008-12-31 | $99.2M | — | — | — |
Polaris quarterly free cash flow
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | −$349.9M | −$397.5M | — | −21.09% |
| Q4 2025 | 2025-12-31 | $114.0M | −$23.3M | −16.97% | +5.93% |
| Q3 2025 | 2025-09-30 | $116.7M | $149.1M | — | +6.34% |
| Q2 2025 | 2025-06-30 | $279.8M | $200.7M | +253.73% | +15.10% |
| Q1 2025 | 2025-03-31 | $47.6M | $225.1M | — | +3.10% |
| Q4 2024 | 2024-12-31 | $137.3M | −$311.6M | −69.41% | +7.82% |
| Q3 2024 | 2024-09-30 | −$32.4M | $45.0M | — | −1.88% |
| Q2 2024 | 2024-06-30 | $79.1M | −$32.8M | −29.31% | +4.03% |
| Q1 2024 | 2024-03-31 | −$177.5M | −$207.3M | — | −10.22% |
| Q4 2023 | 2023-12-31 | $448.9M | $166.9M | +59.18% | +19.61% |
| Q3 2023 | 2023-09-30 | −$77.4M | −$173.8M | — | −3.44% |
| Q2 2023 | 2023-06-30 | $111.9M | $183.4M | — | +5.05% |
| Q1 2023 | 2023-03-31 | $29.8M | $134.7M | — | +1.37% |
| Q4 2022 | 2022-12-31 | $282.0M | $235.3M | +503.85% | +11.73% |
| Q3 2022 | 2022-09-30 | $96.4M | $218.7M | — | +4.12% |
| Q2 2022 | 2022-06-30 | −$71.5M | −$147.4M | — | −3.47% |
| Q1 2022 | 2022-03-31 | −$104.9M | −$115.5M | — | −5.89% |
| Q4 2021 | 2021-12-31 | $46.7M | −$223.7M | −82.73% | +2.60% |
| Q3 2021 | 2021-09-30 | −$122.3M | −$444.6M | — | −6.88% |
| Q2 2021 | 2021-06-30 | $75.9M | −$263.9M | −77.66% | +3.97% |
| Q1 2021 | 2021-03-31 | $10.6M | $128.8M | — | +0.54% |
| Q4 2020 | 2020-12-31 | $270.4M | $113.5M | +72.34% | +19.18% |
| Q3 2020 | 2020-09-30 | $322.3M | $141.2M | +77.97% | +16.49% |
| Q2 2020 | 2020-06-30 | $339.8M | $165.7M | +95.18% | +22.48% |
| Q1 2020 | 2020-03-31 | −$118.2M | −$9.8M | — | −8.41% |
| Q4 2019 | 2019-12-31 | $156.9M | $101.6M | +183.60% | +9.04% |
| Q3 2019 | 2019-09-30 | $181.1M | $45.3M | +33.36% | +10.22% |
| Q2 2019 | 2019-06-30 | $174.1M | $54.8M | +45.90% | +9.78% |
| Q1 2019 | 2019-03-31 | −$108.4M | −$49.7M | — | −7.25% |
| Q4 2018 | 2018-12-31 | $55.3M | $24.8M | +80.97% | +3.40% |
| Q3 2018 | 2018-09-30 | $135.8M | −$53.4M | −28.23% | +8.22% |
| Q2 2018 | 2018-06-30 | $119.3M | −$53.3M | −30.87% | +7.94% |
| Q1 2018 | 2018-03-31 | −$58.7M | −$67.4M | — | −4.53% |
| Q4 2017 | 2017-12-31 | $30.6M | −$79.0M | −72.11% | — |
| Q3 2017 | 2017-09-30 | $189.2M | $149.0M | +370.33% | +12.80% |
| Q2 2017 | 2017-06-30 | $172.6M | $26.1M | +17.83% | — |
| Q1 2017 | 2017-03-31 | $8.6M | −$75.5M | −89.74% | — |
| Q4 2016 | 2016-12-31 | $109.6M | $233.9M | — | — |
| Q3 2016 | 2016-09-30 | $40.2M | −$273.5M | −87.18% | — |
| Q2 2016 | 2016-06-30 | $146.5M | $118.7M | +426.81% | — |
| Q1 2016 | 2016-03-31 | $84.2M | $110.7M | — | — |
| Q4 2015 | 2015-12-31 | −$124.3M | −$214.5M | — | — |
| Q3 2015 | 2015-09-30 | $313.8M | $109.1M | +53.31% | — |
| Q2 2015 | 2015-06-30 | $27.8M | $3.5M | +14.60% | — |
| Q1 2015 | 2015-03-31 | −$26.6M | −$31.6M | — | — |
| Q4 2014 | 2014-12-31 | $90.2M | $38.2M | +73.44% | — |
| Q3 2014 | 2014-09-30 | $204.7M | $25.6M | +14.32% | — |
| Q2 2014 | 2014-06-30 | $24.3M | $22.1M | +1037.46% | — |
| Q1 2014 | 2014-03-31 | $5.0M | −$2.6M | −34.16% | — |
| Q4 2013 | 2013-12-31 | $52.0M | −$72.3M | −58.16% | — |
| Q3 2013 | 2013-09-30 | $179.0M | $27.1M | +17.85% | — |
| Q2 2013 | 2013-06-30 | $2.1M | −$56.3M | −96.35% | — |
| Q1 2013 | 2013-03-31 | $7.7M | $29.3M | — | — |
| Q4 2012 | 2012-12-31 | $124.3M | $41.9M | +50.83% | — |
| Q3 2012 | 2012-09-30 | $151.9M | $37.5M | +32.74% | — |
| Q2 2012 | 2012-06-30 | $58.4M | $23.0M | +65.18% | — |
| Q1 2012 | 2012-03-31 | −$21.6M | −$7.4M | — | — |
| Q4 2011 | 2011-12-31 | $82.4M | −$37.6M | −31.32% | — |
| Q3 2011 | 2011-09-30 | $114.4M | $28.6M | +33.35% | — |
| Q2 2011 | 2011-06-30 | $35.4M | −$5.0M | −12.44% | — |
| Q1 2011 | 2011-03-31 | −$14.2M | −$9.9M | — | — |
| Q4 2010 | 2010-12-31 | $120.0M | $18.9M | +18.70% | — |
| Q3 2010 | 2010-09-30 | $85.8M | — | — | — |
| Q2 2010 | 2010-06-30 | $40.4M | — | — | — |
| Q1 2010 | 2010-03-31 | −$4.3M | — | — | — |
| Q3 2009 | 2009-09-30 | $101.1M | — | — | — |
Polaris free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $814.3M to $558.1M, a compound annual decline of 7.28%. Polaris's latest reported quarter, Q1 2026, generated −$349.9M in free cash flow, a decrease of $397.5M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Polaris filings at SEC.gov ↗