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Side-by-side financial comparison of Polaris Inc. (PII) and PRICESMART INC (PSMT). Click either name above to swap in a different company.

Polaris Inc. is the larger business by last-quarter revenue ($1.7B vs $1.4B, roughly 1.2× PRICESMART INC). PRICESMART INC runs the higher net margin — 2.9% vs -2.8%, a 5.8% gap on every dollar of revenue. On growth, PRICESMART INC posted the faster year-over-year revenue change (9.9% vs 8.0%). PRICESMART INC produced more free cash flow last quarter ($32.6M vs $-342.5M). Over the past eight quarters, PRICESMART INC's revenue compounded faster (3.5% CAGR vs -8.0%).

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...

PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.

PII vs PSMT — Head-to-Head

Bigger by revenue
PII
PII
1.2× larger
PII
$1.7B
$1.4B
PSMT
Growing faster (revenue YoY)
PSMT
PSMT
+1.9% gap
PSMT
9.9%
8.0%
PII
Higher net margin
PSMT
PSMT
5.8% more per $
PSMT
2.9%
-2.8%
PII
More free cash flow
PSMT
PSMT
$375.1M more FCF
PSMT
$32.6M
$-342.5M
PII
Faster 2-yr revenue CAGR
PSMT
PSMT
Annualised
PSMT
3.5%
-8.0%
PII

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PII
PII
PSMT
PSMT
Revenue
$1.7B
$1.4B
Net Profit
$-47.2M
$40.2M
Gross Margin
20.2%
17.7%
Operating Margin
76.5%
4.6%
Net Margin
-2.8%
2.9%
Revenue YoY
8.0%
9.9%
Net Profit YoY
29.0%
7.3%
EPS (diluted)
$-0.83
$1.29

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
PII
PII
PSMT
PSMT
Q1 26
$1.7B
Q4 25
$1.9B
$1.4B
Q3 25
$1.8B
$1.3B
Q2 25
$1.9B
$1.3B
Q1 25
$1.5B
$1.4B
Q4 24
$1.8B
$1.3B
Q3 24
$1.7B
$1.2B
Q2 24
$2.0B
$1.2B
Net Profit
PII
PII
PSMT
PSMT
Q1 26
$-47.2M
Q4 25
$-303.6M
$40.2M
Q3 25
$-15.8M
$31.5M
Q2 25
$-79.3M
$35.2M
Q1 25
$-66.8M
$43.8M
Q4 24
$10.6M
$37.4M
Q3 24
$27.7M
$29.1M
Q2 24
$68.7M
$32.5M
Gross Margin
PII
PII
PSMT
PSMT
Q1 26
20.2%
Q4 25
20.0%
17.7%
Q3 25
20.7%
Q2 25
19.4%
Q1 25
16.0%
17.1%
Q4 24
20.4%
17.4%
Q3 24
20.6%
Q2 24
21.6%
Operating Margin
PII
PII
PSMT
PSMT
Q1 26
76.5%
Q4 25
-16.7%
4.6%
Q3 25
1.1%
4.0%
Q2 25
-0.7%
4.3%
Q1 25
-2.4%
4.8%
Q4 24
3.7%
4.6%
Q3 24
3.8%
4.0%
Q2 24
6.1%
4.1%
Net Margin
PII
PII
PSMT
PSMT
Q1 26
-2.8%
Q4 25
-15.8%
2.9%
Q3 25
-0.9%
2.4%
Q2 25
-4.3%
2.7%
Q1 25
-4.3%
3.2%
Q4 24
0.6%
3.0%
Q3 24
1.6%
2.4%
Q2 24
3.5%
2.6%
EPS (diluted)
PII
PII
PSMT
PSMT
Q1 26
$-0.83
Q4 25
$-5.34
$1.29
Q3 25
$-0.28
$1.02
Q2 25
$-1.39
$1.14
Q1 25
$-1.17
$1.45
Q4 24
$0.18
$1.21
Q3 24
$0.49
$0.94
Q2 24
$1.21
$1.08

Balance Sheet & Financial Strength

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

Metric
PII
PII
PSMT
PSMT
Cash + ST InvestmentsLiquidity on hand
$282.0M
$320.6M
Total DebtLower is stronger
$180.3M
Stockholders' EquityBook value
$750.4M
$1.3B
Total Assets
$5.2B
$2.4B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PII
PII
PSMT
PSMT
Q1 26
$282.0M
Q4 25
$138.0M
$320.6M
Q3 25
$335.5M
$314.2M
Q2 25
$324.3M
$262.4M
Q1 25
$291.7M
$247.3M
Q4 24
$287.8M
$222.2M
Q3 24
$291.3M
$225.5M
Q2 24
$322.7M
$228.2M
Total Debt
PII
PII
PSMT
PSMT
Q1 26
Q4 25
$1.5B
$180.3M
Q3 25
$1.3B
$186.6M
Q2 25
$1.4B
$103.1M
Q1 25
$1.6B
$107.1M
Q4 24
$1.6B
$115.6M
Q3 24
$1.7B
$130.4M
Q2 24
$2.1B
$135.1M
Stockholders' Equity
PII
PII
PSMT
PSMT
Q1 26
$750.4M
Q4 25
$828.4M
$1.3B
Q3 25
$1.1B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.2B
$1.2B
Q4 24
$1.3B
$1.2B
Q3 24
$1.3B
$1.1B
Q2 24
$1.3B
$1.1B
Total Assets
PII
PII
PSMT
PSMT
Q1 26
$5.2B
Q4 25
$4.9B
$2.4B
Q3 25
$5.3B
$2.3B
Q2 25
$5.4B
$2.1B
Q1 25
$5.5B
$2.1B
Q4 24
$5.5B
$2.1B
Q3 24
$5.6B
$2.0B
Q2 24
$5.7B
$2.0B
Debt / Equity
PII
PII
PSMT
PSMT
Q1 26
Q4 25
1.82×
0.14×
Q3 25
1.13×
0.15×
Q2 25
1.17×
0.08×
Q1 25
1.32×
0.09×
Q4 24
1.27×
0.10×
Q3 24
1.29×
0.12×
Q2 24
1.56×
0.12×

Cash Flow & Capital Efficiency

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

Metric
PII
PII
PSMT
PSMT
Operating Cash FlowLast quarter
$71.2M
Free Cash FlowOCF − Capex
$-342.5M
$32.6M
FCF MarginFCF / Revenue
-20.6%
2.4%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
1.77×
TTM Free Cash FlowTrailing 4 quarters
$168.0M
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PII
PII
PSMT
PSMT
Q1 26
Q4 25
$178.7M
$71.2M
Q3 25
$158.8M
$82.1M
Q2 25
$320.3M
$52.8M
Q1 25
$83.2M
$87.9M
Q4 24
$206.3M
$38.5M
Q3 24
$21.0M
$41.8M
Q2 24
$146.3M
$38.1M
Free Cash Flow
PII
PII
PSMT
PSMT
Q1 26
$-342.5M
Q4 25
$114.0M
$32.6M
Q3 25
$116.7M
$25.6M
Q2 25
$279.8M
$14.0M
Q1 25
$47.6M
$53.2M
Q4 24
$137.3M
$10.3M
Q3 24
$-32.4M
$15.2M
Q2 24
$79.1M
$-308.0K
FCF Margin
PII
PII
PSMT
PSMT
Q1 26
-20.6%
Q4 25
5.9%
2.4%
Q3 25
6.3%
1.9%
Q2 25
15.1%
1.1%
Q1 25
3.1%
3.9%
Q4 24
7.8%
0.8%
Q3 24
-1.9%
1.2%
Q2 24
4.0%
-0.0%
Capex Intensity
PII
PII
PSMT
PSMT
Q1 26
Q4 25
3.4%
2.8%
Q3 25
2.3%
4.2%
Q2 25
2.2%
2.9%
Q1 25
2.3%
2.5%
Q4 24
3.9%
2.2%
Q3 24
3.1%
2.2%
Q2 24
3.4%
3.1%
Cash Conversion
PII
PII
PSMT
PSMT
Q1 26
Q4 25
1.77×
Q3 25
2.60×
Q2 25
1.50×
Q1 25
2.01×
Q4 24
19.46×
1.03×
Q3 24
0.76×
1.44×
Q2 24
2.13×
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PII
PII

Segment breakdown not available.

PSMT
PSMT

Fresh Foods$454.9M33%
Caribbean Operations Segment$396.5M29%
Colombia Operations Segment$204.1M15%
Hardlines$162.6M12%
Softlines$99.8M7%
ship Income Member$24.5M2%
Health Services$14.5M1%
Other Revenue And Income$4.2M0%
United States Operations Segment$510.0K0%
Export Sales$359.0K0%

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