PII vs. WGO

Last updated Apr 1, 2026

Compare and contrast key facts about Polaris Industries Inc. (PII) and Winnebago Industries, Inc. (WGO).

Performance

PII vs. WGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polaris Industries Inc. (PII) and Winnebago Industries, Inc. (WGO). The values are adjusted to include any dividend payments, if applicable.

PII vs. WGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PII Polaris Industries Inc.	-12.86%	15.90%	-37.19%	-3.79%	-6.01%	17.75%	-3.78%	36.37%	-36.76%	54.19%
WGO Winnebago Industries, Inc.	-22.93%	-11.86%	-33.08%	40.87%	-28.69%	25.97%	14.19%	121.91%	-56.04%	77.77%

Fundamentals

Market Cap PII : $3.10B WGO : $883.22M
EPS PII : -$8.18 WGO : $1.47
PS Ratio PII : 0.43 WGO : 0.30
PB Ratio PII : 3.74 WGO : 0.43
Total Revenue (TTM) PII : $7.15B WGO : $2.91B
Gross Profit (TTM) PII : $1.32B WGO : $379.80M
EBITDA (TTM) PII : -$175.20M WGO : $121.70M

Returns By Period

In the year-to-date period, PII achieves a -12.86% return, which is significantly higher than WGO's -22.93% return. Over the past 10 years, PII has underperformed WGO with an annualized return of -2.99%, while WGO has yielded a comparatively higher 5.02% annualized return.

PII

• 1D: 2.04%
• 1M: -9.26%
• YTD: -12.86%
• 6M: -4.22%
• 1Y: 40.02%
• 3Y*: -17.87%
• 5Y*: -13.85%
• 10Y*: -2.99%

WGO

• 1D: -1.77%
• 1M: -22.31%
• YTD: -22.93%
• 6M: -6.62%
• 1Y: -6.49%
• 3Y*: -16.50%
• 5Y*: -15.36%
• 10Y*: 5.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PII vs. WGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PII

PII Risk / Return Rank: 67
PII Sharpe Ratio Rank: 67
PII Sortino Ratio Rank: 66
PII Omega Ratio Rank: 64
PII Calmar Ratio Rank: 68
PII Martin Ratio Rank: 70

WGO

WGO Risk / Return Rank: 36
WGO Sharpe Ratio Rank: 37
WGO Sortino Ratio Rank: 36
WGO Omega Ratio Rank: 35
WGO Calmar Ratio Rank: 36
WGO Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PII vs. WGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polaris Industries Inc. (PII) and Winnebago Industries, Inc. (WGO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PII	WGO	Difference
Sharpe ratio Return per unit of total volatility	0.71	-0.11	+0.83
Sortino ratio Return per unit of downside risk	1.40	0.26	+1.15
Omega ratio Gain probability vs. loss probability	1.18	1.03	+0.15
Calmar ratio Return relative to maximum drawdown	1.26	-0.19	+1.45
Martin ratio Return relative to average drawdown	3.31	-0.52	+3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PII vs. WGO - Sharpe Ratio Comparison

The current PII Sharpe Ratio is 0.71, which is higher than the WGO Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of PII and WGO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PII	WGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	-0.11	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.35	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.10	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.11	+0.29

Correlation

The correlation between PII and WGO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PII vs. WGO - Dividend Comparison

PII's dividend yield for the trailing twelve months is around 4.94%, more than WGO's 4.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PII Polaris Industries Inc.	4.94%	4.24%	4.58%	2.74%	2.53%	2.29%	2.60%	2.40%	3.13%	1.87%	2.67%	2.47%
WGO Winnebago Industries, Inc.	4.45%	3.38%	2.66%	1.54%	1.54%	0.72%	0.75%	0.83%	1.65%	0.72%	1.26%	1.86%

Drawdowns

PII vs. WGO - Drawdown Comparison

The maximum PII drawdown since its inception was -77.57%, smaller than the maximum WGO drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for PII and WGO.

Drawdown Indicators

	PII	WGO	Difference
Max Drawdown Largest peak-to-trough decline	-77.57%	-91.48%	+13.91%
Max Drawdown (1Y) Largest decline over 1 year	-30.71%	-37.83%	+7.12%
Max Drawdown (5Y) Largest decline over 5 years	-75.62%	-63.62%	-12.00%
Max Drawdown (10Y) Largest decline over 10 years	-75.62%	-67.12%	-8.50%
Current Drawdown Current decline from peak	-56.28%	-60.69%	+4.41%
Average Drawdown Average peak-to-trough decline	-19.59%	-40.62%	+21.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.64%	13.96%	-2.32%

Volatility

PII vs. WGO - Volatility Comparison

Polaris Industries Inc. (PII) has a higher volatility of 12.62% compared to Winnebago Industries, Inc. (WGO) at 11.53%. This indicates that PII's price experiences larger fluctuations and is considered to be riskier than WGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PII	WGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.62%	11.53%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	33.58%	39.98%	-6.40%
Volatility (1Y) Calculated over the trailing 1-year period	56.34%	56.86%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.95%	44.59%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.92%	48.68%	-6.76%

Financials

PII vs. WGO - Profitability Comparison

The chart below illustrates the profitability comparison between Polaris Industries Inc. and Winnebago Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PII - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Polaris Industries Inc. reported a gross profit of 384.20M and revenue of 1.92B. Therefore, the gross margin over that period was 20.0%.

WGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported a gross profit of 85.60M and revenue of 657.40M. Therefore, the gross margin over that period was 13.0%.

PII - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Polaris Industries Inc. reported an operating income of -367.70M and revenue of 1.92B, resulting in an operating margin of -19.1%.

WGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported an operating income of 11.80M and revenue of 657.40M, resulting in an operating margin of 1.8%.

PII - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Polaris Industries Inc. reported a net income of -303.60M and revenue of 1.92B, resulting in a net margin of -15.8%.

WGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Winnebago Industries, Inc. reported a net income of 4.80M and revenue of 657.40M, resulting in a net margin of 0.7%.