Polaris Inc. PII

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
44/100
Developing

About Polaris Inc.

Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off Road, On Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; moto-roadsters; quadricycles; and pontoon and deck boats. It also provides source parts, garments, and accessories, … Full PII analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 1.00), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.89), indicating reliable business model.

Key risks

  • ROIC Below WACC or Peers ROIC at 16.7th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
41

Where PII ranks in Recreational Vehicles

Polaris Inc. ranks #8 of 16 scored companies in Recreational Vehicles by moat score — the top 50%. The widest moat in the group is LCI Industries (LCII) at 80/100.

Moat scores for companies ranked near PII in Recreational Vehicles
# Company Moat score Rating
4 Massimo Group MAMO 73/100 Moderate
5 Thor Industries, Inc. THO 66/100 Moderate
6 Winnebago Industries, Inc. WGO 53/100 Moderate
7 Brunswick Corporation BC 48/100 Developing
8 Polaris Inc. PII 44/100 Developing
9 Malibu Boats, Inc. MBUU 40/100 Developing
10 MasterCraft Boat Holdings, Inc. MCFT 40/100 Developing
11 EZGO Technologies Ltd. EZGO 40/100 Developing
12 Vision Marine Technologies Inc. VMAR 23/100 Weak

See every General Corporate company ranked by moat score →

How PII scores on the Corporate Default defenses

Pricing Power

Score 40 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 42 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 96 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 15 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 31 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 40 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PII's moat

What is Polaris Inc.'s moat score?

Polaris Inc. (PII) scores 44 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #8 of 16 scored companies in Recreational Vehicles, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 15 companies in Recreational Vehicles. Its strongest defense is Customer Stickiness (96/100) and its weakest is Capital Efficiency (15/100).

How does Polaris Inc. compare with other Recreational Vehicles companies?

Polaris Inc. ranks #8 of 16 scored companies in Recreational Vehicles by moat score. The widest moat in Recreational Vehicles is LCI Industries (LCII) at 80/100. The companies ranked closest are Brunswick Corporation (BC) at 48 just above it and Malibu Boats, Inc. (MBUU) at 40 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 15 companies in Recreational Vehicles. The defenses are then weighted to produce the overall score out of 100.

Why is Polaris Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Polaris Inc.?

The Corporate Default template measures 6 defenses, and PII scores: Pricing Power (40), Cost Advantage (42), Customer Stickiness (96), Capital Efficiency (15), Resilience (31), Scale & Market Position (40). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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