Brunswick vs Polaris
Polaris reported revenue of $7.2 billion in fiscal 2025, 1.3 times Brunswick's $5.4 billion in fiscal 2025. Brunswick's revenue grew 2.4% in its latest year, and Polaris' fell 0.3%. Brunswick had an operating margin of -0.8%, against -4.9% at Polaris. Free cash flow was $396 million at Brunswick and $558 million at Polaris.
Side by side
| Brunswick | Polaris | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.4B | $7.2B |
| Revenue growth | 2.4% | −0.3% |
| Revenue growth a year, last 5 years | 4.3% | 2.6% |
| Gross margin | 24.8% | 19.1% |
| Operating margin | −0.8% | −4.9% |
| Net margin | −2.6% | −6.5% |
| Free cash flow | $396M | $558M |
| Free cash flow margin | 7.4% | 7.8% |
| Return on capital | −0.8% | −10.5% |
| Net debt to EBITDA | 8.5x | — |
| Dividends and buybacks | $193M | $153M |
| Change in diluted share count | −2.2% | 0.2% |
| Last close | $66.11 | $55.15 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $7.1 million | sold $4.2 million |
| Piotroski F-score | 4 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BrunswickPolaris
Operating margin
Percent of revenue
BrunswickPolaris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BrunswickPolaris
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Brunswick and Polaris pages.