Ticker League

Polaris (PII) Cash Flow Waterfall

Trace Polaris's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$337.60M

Capex

−$177.00M

Free Cash Flow

$160.60M

FCF Margin

+47.6%

Cash flow waterfall for Polaris (PII) — TTM through Q1 2026

Free cash flow: $160.60M

Note: Other Investing is large — driven mainly by acquisitions and investment activity.

Cash flow breakdown for Polaris (PII) — TTM through Q1 2026

  • Operating Cash Flow$337.60M
  • Capital Expenditure−$177.00M
  • Free Cash Flow$160.60M
  • Other Investing−$55.60M
  • Share Buybacks−$9.20M
  • Dividends Paid−$151.50M
  • Net Debt Change$26.60M
  • Other Financing$4.40M
  • Forex Effect−$66.50M
  • Net Cash Decrease−$91.20M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology