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Side-by-side financial comparison of KINROSS GOLD CORP (KGC) and Polaris Inc. (PII). Click either name above to swap in a different company.

KINROSS GOLD CORP is the larger business by last-quarter revenue ($2.5B vs $1.7B, roughly 1.5× Polaris Inc.).

Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.

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...

KGC vs PII — Head-to-Head

Bigger by revenue
KGC
KGC
1.5× larger
KGC
$2.5B
$1.7B
PII

Income Statement — Q3 FY2023 vs Q1 FY2026

Metric
KGC
KGC
PII
PII
Revenue
$2.5B
$1.7B
Net Profit
$-47.2M
Gross Margin
7.3%
20.2%
Operating Margin
Net Margin
-2.8%
Revenue YoY
8.0%
Net Profit YoY
29.2%
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
KGC
KGC
PII
PII
Q1 26
$1.7B
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$1.9B
Q1 25
$1.5B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$2.0B
Net Profit
KGC
KGC
PII
PII
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
Q2 24
$68.7M
Gross Margin
KGC
KGC
PII
PII
Q1 26
20.2%
Q4 25
20.0%
Q3 25
20.7%
Q2 25
19.4%
Q1 25
16.0%
Q4 24
20.4%
Q3 24
20.6%
Q2 24
21.6%
Operating Margin
KGC
KGC
PII
PII
Q1 26
Q4 25
-16.7%
Q3 25
1.1%
Q2 25
-0.7%
Q1 25
-2.4%
Q4 24
3.7%
Q3 24
3.8%
Q2 24
6.1%
Net Margin
KGC
KGC
PII
PII
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%
Q2 24
3.5%
EPS (diluted)
KGC
KGC
PII
PII
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
Q2 24
$1.21

Balance Sheet & Financial Strength

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

Metric
KGC
KGC
PII
PII
Cash + ST InvestmentsLiquidity on hand
$418.1M
$282.0M
Total DebtLower is stronger
$751.5M
Stockholders' EquityBook value
$750.4M
Total Assets
$10.4B
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KGC
KGC
PII
PII
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
Q2 24
$322.7M
Total Debt
KGC
KGC
PII
PII
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
Q2 24
$2.1B
Stockholders' Equity
KGC
KGC
PII
PII
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
Q2 24
$1.3B
Total Assets
KGC
KGC
PII
PII
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
Q2 24
$5.7B
Debt / Equity
KGC
KGC
PII
PII
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×
Q2 24
1.56×

Cash Flow & Capital Efficiency

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

Metric
KGC
KGC
PII
PII
Operating Cash FlowLast quarter
$649.0M
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
KGC
KGC
PII
PII
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
Q2 24
$146.3M
Free Cash Flow
KGC
KGC
PII
PII
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
Q2 24
$79.1M
FCF Margin
KGC
KGC
PII
PII
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%
Q2 24
4.0%
Capex Intensity
KGC
KGC
PII
PII
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%
Q2 24
3.4%
Cash Conversion
KGC
KGC
PII
PII
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
19.46×
Q3 24
0.76×
Q2 24
2.13×

Financial Flow Comparison

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

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