PII
Polaris Inc.
PII has a slight edge over TSLA overall, supported by stronger valuation and stronger modeled upside.
TSLA
Tesla, Inc.
TSLA's outlook is improving, though it still trails on the overall score.
PII Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
PII's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
TSLA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Strong |
TSLA's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is under pressure.
PII PE Valuation
PII has no meaningful PE right now: it lost money over the past year.
TSLA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 60x | $54.70 | -86% |
| Fair | 174x | $158 | -60% |
| Forward | 196x | $397 | — |
| Expensive | 415x | $378 | -4.9% |
| Current | 437x | $397 | — |
Historical ranges are pointers, not guarantees.
TSLA's PE is in its expensive range at 437x. If earnings grow as analysts expect, today's price would be 196x next year's earnings, in its fair range.
PII Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
PII has the edge over TSLA on the outlook, with more favorable profitability expectations.
TSLA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TSLA, with profitability holding steady. However, they disagree widely on these estimates.
PII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.84 | — |
| Q3 2026 | -$3.69 | -$1.03 |
| Q2 2026 | -$4.63 | -$2.74 |
| Q1 2026 | -$7.84 | -1204% |
| Q4 2025 | -$8.18 | -519% |
| Q3 2025 | -$2.66 | -174% |
| Q2 2025 | -$1.89 | -133% |
| Q1 2025 | $0.71 | -90% |
| Q4 2024 | $1.95 | -78% |
PII lost $3.69 per share over the past year, a bigger loss than the year before.
TSLA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.03 | +123% |
| Q3 2026 | $0.91 | -39% |
| Q2 2026 | $1.08 | -38% |
| Q1 2026 | $1.09 | -40% |
| Q4 2025 | $1.08 | -47% |
| Q3 2025 | $1.50 | -59% |
| Q2 2025 | $1.73 | -51% |
| Q1 2025 | $1.82 | -53% |
| Q4 2024 | $2.04 | -53% |
TSLA has the edge over PII on earnings quality, reporting a profit while its opponent remains loss making.
PII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +11% |
| Q2 2026 | $2B | +9.2% |
| Q1 2026 | $1.7B | +8% |
| Q4 2025 | $1.9B | +9.5% |
| Q3 2025 | $1.8B | +6.9% |
| Q2 2025 | $1.9B | -5.5% |
| Q1 2025 | $1.5B | -12% |
| Q4 2024 | $1.8B | -23% |
PII has the edge over TSLA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | +2.5 points |
| Q2 2026 | 7.4% | +8.1 points |
| Q1 2026 | -2.4% | 0 points |
| Q4 2025 | -17% | -20 points |
| Q3 2025 | 1.1% | -2.7 points |
| Q2 2025 | -0.7% | -6.8 points |
| Q1 2025 | -2.4% | -4.6 points |
| Q4 2024 | 3.8% | -2.5 points |
PII has the edge over TSLA on profitability, with a higher operating margin.
TSLA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $28B | -0.2% |
| Q2 2026 | $28.2B | +26% |
| Q1 2026 | $22.4B | +16% |
| Q4 2025 | $24.9B | -3.1% |
| Q3 2025 | $28.1B | +12% |
| Q2 2025 | $22.5B | -12% |
| Q1 2025 | $19.3B | -9.2% |
| Q4 2024 | $25.7B | +2.1% |
TSLA's revenue has picked up after two years of holding roughly level: $28B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.6% | -3.2 points |
| Q2 2026 | 1.4% | -2.7 points |
| Q1 2026 | 4.2% | +2.1 points |
| Q4 2025 | 5.7% | -0.5 points |
| Q3 2025 | 5.8% | -5 points |
| Q2 2025 | 4.1% | -2.2 points |
| Q1 2025 | 2.1% | -3.4 points |
| Q4 2024 | 6.2% | -2 points |
TSLA's operating margin was 2.6% last quarter, down 3.2 points from the same quarter a year ago, near the bottom of its range since 2019.
PII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $315.3M | +170% |
| Q2 2026 | $186.1M | -33% |
| Q1 2026 | -$349.9M | -835% |
| Q4 2025 | $114M | -17% |
| Q3 2025 | $116.7M | +$149.1M |
| Q2 2025 | $279.8M | +254% |
| Q1 2025 | $47.6M | +$225.1M |
| Q4 2024 | $137.3M | -69% |
PII has the edge over TSLA on cash flow, with more consistent year-over-year improvement.
TSLA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -62% |
| Q2 2026 | -$1.1B | -848% |
| Q1 2026 | $1.4B | +117% |
| Q4 2025 | $1.4B | -30% |
| Q3 2025 | $4B | +46% |
| Q2 2025 | $146M | -89% |
| Q1 2025 | $664M | +$3.2B |
| Q4 2024 | $2B | -1.6% |
TSLA still generates free cash flow, though less than at its 2025 peak: $3.3B over the past year.
PII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +200K shares |
| 1 year | +2.8% | +1.6M shares |
| 3 years | +1.2% | +700K shares |
| 5 years | -6.1% | -3.8M shares |
| Available history | -6.1% | -3.8M shares |
PII has 59M diluted shares, up 2.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $100,000 |
| Q1 2026 | $9.2M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $2.4M |
| Q4 2024 | $400,000 |
PII spent $9M buying back its own shares over the past year, about three times what it spent the year before.
TSLA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +1M shares |
| 1 year | +0.4% | +15M shares |
| 3 years | +1.4% | +48M shares |
| 5 years | +5.1% | +172M shares |
| Available history | +33% | +886M shares |
TSLA has the edge over PII on shareholder dilution, with a more favorable share count trend.
PII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 10.5x | High |
| Q2 2026 | 21.0x | High |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 3.4x | Elevated |
| Q4 2024 | 3.1x | Elevated |
| Q3 2024 | 2.9x | Moderate |
| Q2 2024 | 2.4x | Moderate |
PII's net debt is about 10 years of its operating earnings (EBITDA), up from 3.4 years a year ago.
TSLA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
TSLA has the edge over PII on leverage, with a lower net debt burden relative to earnings.
PII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 51.1 | Neutral |
PII's weekly RSI is 55 (neutral) and its Stochastic is 51 (neutral).
TSLA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 72.6 | Neutral |
TSLA's weekly RSI is 54 (neutral) and its Stochastic is 73 (neutral).
PII PE vs Consumer Cyclical Sector
| Metric | PII | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
PII has no meaningful PE right now: it lost money over the past year.
TSLA PE vs Consumer Cyclical Sector
| Metric | TSLA | Sector median | Relative |
|---|---|---|---|
| PE | 437x | 18x | 2,324% above |
| PE % | 84 | 47 | 37 pts above |
TSLA is trading at 437x earnings, a 2324% premium to the Consumer Cyclical sector's median of 18x.
PII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.6 | 14% above |
| 20 week MA | $62.0 | 4.3% above |
| 50 week MA | $63.5 | 2% above |
| 100 week MA | $56.8 | 14% above |
| 200 week MA | $76.1 | 15% below |
PII has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 15% below its 200-week average.
TSLA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $376.0 | 5.7% above |
| 20 week MA | $364.0 | 9.2% above |
| 50 week MA | $393.6 | 1% above |
| 100 week MA | $372.1 | 6.8% above |
| 200 week MA | $296.9 | 34% above |
TSLA has the edge over PII on trend strength, trading above more of its moving averages.
PII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.4 | $98.7 | -2.6% |
| 2021 | $98.7 | $106.3 | +7.6% |
| 2022 | $106.3 | $100.8 | -5.2% |
| 2023 | $100.8 | $94.8 | -6% |
| 2024 | $94.8 | $57.4 | -39% |
| 2025 | $57.4 | $66.3 | +15% |
| 2026 YTD | $66.3 | $64.7 | -2.4% |
PII has the edge over TSLA on returns for 2026, with the stronger performance.
TSLA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.7 | $220.6 | +669% |
| 2021 | $220.6 | $355.7 | +61% |
| 2022 | $355.7 | $123.2 | -65% |
| 2023 | $123.2 | $248.5 | +102% |
| 2024 | $248.5 | $431.7 | +74% |
| 2025 | $431.7 | $475.2 | +10% |
| 2026 YTD | $475.2 | $397.5 | -16% |
TSLA's yearly returns have swung widely, from +669% in 2020 to −65% in 2022. It's down 16% so far in 2026.