Polaris Industries Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Polaris Industries Inc (PII). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Off-Road Segment | $4.81B 77.3% | $5.57B 75.7% · +15.9% | $6.44B 74.9% · +15.5% | $6.98B 78.2% · +8.5% | $5.71B 79.5% · -18.3% | $5.71B 79.9% · +0.1% |
| On-Road Segment | $806.7M 13.0% | $1.03B 14.0% · +27.9% | $1.16B 13.5% · +12.8% | $1.18B 13.3% · +1.8% | $987.8M 13.8% · -16.6% | $926.5M 13.0% · -6.2% |
| Boats | $603.4M 9.7% | $760.2M 10.3% · +26.0% | $989.4M 11.5% · +30.1% | $765.4M 8.6% · -22.6% | $480.9M 6.7% · -37.2% | $512.4M 7.2% · +6.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $5.07B 80.8% | $5.74B 77.2% · +13.2% | $6.81B 79.3% · +18.6% | $7.12B 79.7% · +4.6% | $5.63B 78.4% · -21.0% | $5.66B 79.2% · +0.6% |
| EMEA | $614.8M 9.8% | $803.2M 10.8% · +30.6% | $844.7M 9.8% · +5.2% | $886.2M 9.9% · +4.9% | $802.9M 11.2% · -9.4% | $790.0M 11.0% · -1.6% |
| Canada | $367.2M 5.8% | $573.7M 7.7% · +56.2% | $606.7M 7.1% · +5.8% | $584.0M 6.5% · -3.7% | $446.2M 6.2% · -23.6% | $419.9M 5.9% · -5.9% |
| APLA | $225.9M 3.6% | $320.0M 4.3% · +41.7% | $328.4M 3.8% · +2.6% | $342.0M 3.8% · +4.1% | $297.3M 4.1% · -13.1% | $279.8M 3.9% · -5.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Wholegoods | $5.05B 80.4% | $5.92B 79.6% · +17.1% | $6.95B 80.9% · +17.3% | $7.12B 79.7% · +2.5% | $5.47B 76.2% · -23.2% | $5.28B 73.8% · -3.4% |
| PG&A | $1.23B 19.6% | $1.52B 20.4% · +23.8% | $1.64B 19.1% · +8.1% | $1.81B 20.3% · +10.3% | $1.71B 23.8% · -5.8% | $1.87B 26.2% · +9.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 14, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.