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Side-by-side financial comparison of JinkoSolar Holding Co., Ltd. (JKS) and Polaris Inc. (PII). Click either name above to swap in a different company.

JinkoSolar Holding Co., Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.7B, roughly 1.5× Polaris Inc.). Over the past eight quarters, Polaris Inc.'s revenue compounded faster (-8.0% CAGR vs -23.1%).

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

Polaris Inc. is an American automotive manufacturer headquartered in Medina, Minnesota, United States. Polaris was founded in Roseau, Minnesota, where it still has engineering and manufacturing facilities. The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, then produced motorcycles through the Indian Motorcycle subsidiary, which it purchased in April 2011 and announced its divestiture in October 2025. Polaris produced personal watercraft from 1...

JKS vs PII — Head-to-Head

Bigger by revenue
JKS
JKS
1.5× larger
JKS
$2.5B
$1.7B
PII
Faster 2-yr revenue CAGR
PII
PII
Annualised
PII
-8.0%
-23.1%
JKS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
JKS
JKS
PII
PII
Revenue
$2.5B
$1.7B
Net Profit
$-47.2M
Gross Margin
0.3%
20.2%
Operating Margin
76.5%
Net Margin
-2.8%
Revenue YoY
8.0%
Net Profit YoY
29.0%
EPS (diluted)
$-0.83

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JKS
JKS
PII
PII
Q2 26
$2.5B
Q1 26
$1.7B
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$2.3B
$1.9B
Q1 25
$1.9B
$1.5B
Q4 24
$1.8B
Q3 24
$3.5B
$1.7B
Net Profit
JKS
JKS
PII
PII
Q2 26
Q1 26
$-47.2M
Q4 25
$-303.6M
Q3 25
$-15.8M
Q2 25
$-79.3M
Q1 25
$-66.8M
Q4 24
$10.6M
Q3 24
$27.7M
Gross Margin
JKS
JKS
PII
PII
Q2 26
0.3%
Q1 26
20.2%
Q4 25
20.0%
Q3 25
20.7%
Q2 25
7.3%
19.4%
Q1 25
16.0%
Q4 24
20.4%
Q3 24
15.7%
20.6%
Operating Margin
JKS
JKS
PII
PII
Q2 26
Q1 26
76.5%
Q4 25
-16.7%
Q3 25
1.1%
Q2 25
-0.7%
Q1 25
-2.4%
Q4 24
3.7%
Q3 24
3.8%
Net Margin
JKS
JKS
PII
PII
Q2 26
Q1 26
-2.8%
Q4 25
-15.8%
Q3 25
-0.9%
Q2 25
-4.3%
Q1 25
-4.3%
Q4 24
0.6%
Q3 24
1.6%
EPS (diluted)
JKS
JKS
PII
PII
Q2 26
Q1 26
$-0.83
Q4 25
$-5.34
Q3 25
$-0.28
Q2 25
$-1.39
Q1 25
$-1.17
Q4 24
$0.18
Q3 24
$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JKS
JKS
PII
PII
Cash + ST InvestmentsLiquidity on hand
$282.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$750.4M
Total Assets
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JKS
JKS
PII
PII
Q2 26
Q1 26
$282.0M
Q4 25
$138.0M
Q3 25
$335.5M
Q2 25
$324.3M
Q1 25
$291.7M
Q4 24
$287.8M
Q3 24
$291.3M
Total Debt
JKS
JKS
PII
PII
Q2 26
Q1 26
Q4 25
$1.5B
Q3 25
$1.3B
Q2 25
$1.4B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.7B
Stockholders' Equity
JKS
JKS
PII
PII
Q2 26
Q1 26
$750.4M
Q4 25
$828.4M
Q3 25
$1.1B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.3B
Total Assets
JKS
JKS
PII
PII
Q2 26
Q1 26
$5.2B
Q4 25
$4.9B
Q3 25
$5.3B
Q2 25
$5.4B
Q1 25
$5.5B
Q4 24
$5.5B
Q3 24
$5.6B
Debt / Equity
JKS
JKS
PII
PII
Q2 26
Q1 26
Q4 25
1.82×
Q3 25
1.13×
Q2 25
1.17×
Q1 25
1.32×
Q4 24
1.27×
Q3 24
1.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JKS
JKS
PII
PII
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-342.5M
FCF MarginFCF / Revenue
-20.6%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$168.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JKS
JKS
PII
PII
Q2 26
Q1 26
Q4 25
$178.7M
Q3 25
$158.8M
Q2 25
$320.3M
Q1 25
$83.2M
Q4 24
$206.3M
Q3 24
$21.0M
Free Cash Flow
JKS
JKS
PII
PII
Q2 26
Q1 26
$-342.5M
Q4 25
$114.0M
Q3 25
$116.7M
Q2 25
$279.8M
Q1 25
$47.6M
Q4 24
$137.3M
Q3 24
$-32.4M
FCF Margin
JKS
JKS
PII
PII
Q2 26
Q1 26
-20.6%
Q4 25
5.9%
Q3 25
6.3%
Q2 25
15.1%
Q1 25
3.1%
Q4 24
7.8%
Q3 24
-1.9%
Capex Intensity
JKS
JKS
PII
PII
Q2 26
Q1 26
Q4 25
3.4%
Q3 25
2.3%
Q2 25
2.2%
Q1 25
2.3%
Q4 24
3.9%
Q3 24
3.1%
Cash Conversion
JKS
JKS
PII
PII
Q2 26
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
19.46×
Q3 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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