Polaris annual net debt
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2025
Polaris Net Debt Growth & History (PII)
Polaris's net debt was $1.53B for fiscal 2025.
View full Polaris company overviewPolaris annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.53B | −$386.4M | −20.20% |
| 2024 | 2024-12-31 | $1.91B | $227.9M | +13.52% |
| 2023 | 2023-12-31 | $1.69B | −$159.2M | −8.63% |
| 2022 | 2022-12-31 | $1.84B | $378.2M | +25.79% |
| 2021 | 2021-12-31 | $1.47B | $520.2M | +54.99% |
| 2020 | 2020-12-31 | $946.0M | −$703.2M | −42.64% |
| 2019 | 2019-12-31 | $1.65B | −$152.1M | −8.45% |
| 2018 | 2018-12-31 | $1.80B | $1.03B | +132.53% |
| 2017 | 2017-12-31 | $774.7M | −$239.9M | −23.65% |
| 2016 | 2016-12-31 | $1.01B | $708.5M | +231.43% |
| 2015 | 2015-12-31 | $306.1M | $217.6M | +245.72% |
| 2014 | 2014-12-31 | $88.5M | −$106.8M | −54.68% |
| 2013 | 2013-12-31 | $195.4M | $505.2M | — |
| 2012 | 2012-12-31 | −$309.8M | −$91.8M | — |
| 2011 | 2011-12-31 | −$218.1M | −$24.2M | — |
| 2010 | 2010-12-31 | −$193.9M | — | — |
Polaris quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.76B | $129.1M | +7.93% |
| Q1 2026 | 2026-03-31 | $1.92B | $34.7M | +1.84% |
| Q4 2025 | 2025-12-31 | $1.53B | −$386.4M | −20.20% |
| Q3 2025 | 2025-09-30 | $1.52B | −$501.3M | −24.80% |
| Q2 2025 | 2025-06-30 | $1.63B | −$330.5M | −16.87% |
| Q1 2025 | 2025-03-31 | $1.89B | −$5.1M | −0.27% |
| Q4 2024 | 2024-12-31 | $1.91B | $227.9M | +13.52% |
| Q3 2024 | 2024-09-30 | $2.02B | −$24.9M | −1.22% |
| Q2 2024 | 2024-06-30 | $1.96B | $117.0M | +6.35% |
| Q1 2024 | 2024-03-31 | $1.89B | $1.7M | +0.09% |
| Q4 2023 | 2023-12-31 | $1.69B | −$159.2M | −8.63% |
| Q3 2023 | 2023-09-30 | $2.05B | $125.1M | +6.51% |
| Q2 2023 | 2023-06-30 | $1.84B | $26.0M | +1.43% |
| Q1 2023 | 2023-03-31 | $1.89B | $122.4M | +6.92% |
| Q4 2022 | 2022-12-31 | $1.84B | $378.2M | +25.79% |
| Q3 2022 | 2022-09-30 | $1.92B | $540.2M | +39.11% |
| Q2 2022 | 2022-06-30 | $1.82B | $636.3M | +53.94% |
| Q1 2022 | 2022-03-31 | $1.77B | $647.8M | +57.73% |
| Q4 2021 | 2021-12-31 | $1.47B | $520.2M | +54.99% |
| Q3 2021 | 2021-09-30 | $1.38B | $229.5M | +19.93% |
| Q2 2021 | 2021-06-30 | $1.18B | −$311.7M | −20.90% |
| Q1 2021 | 2021-03-31 | $1.12B | −$729.5M | −39.40% |
| Q4 2020 | 2020-12-31 | $946.0M | −$703.2M | −42.64% |
| Q3 2020 | 2020-09-30 | $1.15B | −$620.4M | −35.01% |
| Q2 2020 | 2020-06-30 | $1.49B | −$421.2M | −22.02% |
| Q1 2020 | 2020-03-31 | $1.85B | −$212.8M | −10.31% |
| Q4 2019 | 2019-12-31 | $1.65B | −$152.1M | −8.45% |
| Q3 2019 | 2019-09-30 | $1.77B | $91.1M | +5.42% |
| Q2 2019 | 2019-06-30 | $1.91B | $981.7M | +105.46% |
| Q1 2019 | 2019-03-31 | $2.06B | $1.20B | +139.18% |
| Q4 2018 | 2018-12-31 | $1.80B | $1.03B | +132.53% |
| Q3 2018 | 2018-09-30 | $1.68B | $893.2M | +113.39% |
| Q2 2018 | 2018-06-30 | $930.9M | −$9.6M | −1.02% |
| Q1 2018 | 2018-03-31 | $863.1M | −$177.1M | −17.03% |
| Q4 2017 | 2017-12-31 | $774.7M | −$239.9M | −23.65% |
| Q3 2017 | 2017-09-30 | $787.7M | — | — |
| Q2 2017 | 2017-06-30 | $940.4M | $618.9M | +192.52% |
| Q1 2017 | 2017-03-31 | $1.04B | $653.6M | +169.05% |
| Q4 2016 | 2016-12-31 | $1.01B | $708.5M | +231.43% |
| Q2 2016 | 2016-06-30 | $321.5M | $36.8M | +12.94% |
| Q1 2016 | 2016-03-31 | $386.6M | $168.6M | +77.31% |
| Q4 2015 | 2015-12-31 | $306.1M | $217.6M | +245.72% |
| Q3 2015 | 2015-09-30 | $91.3M | $32.3M | +54.82% |
| Q2 2015 | 2015-06-30 | $284.7M | $36.1M | +14.51% |
| Q1 2015 | 2015-03-31 | $218.1M | −$11.9M | −5.20% |
| Q4 2014 | 2014-12-31 | $88.5M | −$106.8M | −54.68% |
| Q3 2014 | 2014-09-30 | $59.0M | $439.6M | — |
| Q2 2014 | 2014-06-30 | $248.6M | $458.7M | — |
| Q1 2014 | 2014-03-31 | $230.0M | $604.4M | — |
| Q4 2013 | 2013-12-31 | $195.4M | $505.2M | — |
| Q3 2013 | 2013-09-30 | −$380.6M | $25.0M | — |
| Q2 2013 | 2013-06-30 | −$210.1M | $71.6M | — |
| Q1 2013 | 2013-03-31 | −$374.4M | −$96.6M | — |
| Q4 2012 | 2012-12-31 | −$309.8M | −$91.8M | — |
| Q3 2012 | 2012-09-30 | −$405.6M | — | — |
| Q2 2012 | 2012-06-30 | −$281.7M | — | — |
| Q1 2012 | 2012-03-31 | −$277.8M | — | — |
| Q4 2011 | 2011-12-31 | −$218.1M | −$24.2M | — |
| Q4 2010 | 2010-12-31 | −$193.9M | — | — |
Polaris net debt trends
Over the last five fiscal years, Polaris's net debt increased from $946.0M to $1.53B, a change of $580.7M. The latest reported quarter, Q2 2026, shows $1.76B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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