Brunswick vs Polaris
Polaris is the larger business, with $7.15bn of revenue in fiscal 2025 against $5.36bn for Brunswick (1.3 times as much). Brunswick grew faster (2.4% against -0.3%). Brunswick kept more of each dollar of sales as profit: a net margin of -2.6% against -6.5%. Brunswick carries less debt relative to equity (148.3% against 185.8%).
| Latest fiscal year | BrunswickBC, 2025 | PolarisPII, 2025 |
|---|---|---|
| Revenue | $5.36bn | $7.15bn |
| Revenue growth | 2.4% | -0.3% |
| Net income | −$137m | −$466m |
| Operating margin | -0.8% | -4.9% |
| Net margin | -2.6% | -6.5% |
| Return on equity | -7.8% | -44.0% |
| Free cash flow | $396m | $558m |
| Cash | $257m | $138m |
| Total debt | $2.41bn | $1.54bn |
| Debt to equity | 148.3% | 185.8% |
| Dividend per share | $1.72 | $2.68 |
| Dividend yield | 2.2% | 4.3% |
| Share buybacks | $80.0m | $2.4m |
| Employees | 14,000 | 14,500 |
| Market value | $5.11bn | $3.58bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 58 (Moderate) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 8 sales |