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PCARPaccar

Industrials · Automakers · Nasdaq
PCAR quote by TradingView
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FY2025 at a glance

Sales down 15.5%, free cash flow down to $3.7B

XBRL, from each 10-K
RevenueStatements ↓
$28.4B
from $33.7B in FY2024
FY2016FY2025
Net incomeStatements ↓
$2.4B
from $4.2B in FY2024
FY2016FY2025
Free cash flowStatements ↓
$3.7B
from $3.8B in FY2024
FY2016FY2025
EPS (diluted)Statements ↓
$4.51
from $7.90 in FY2024
FY2016FY2025
Price and key numbers

The latest figures

All key numbers (34, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)5.24Sales (ttm)29.1BNet income (ttm)2.8BSales growth-15.5%EPS growth-42.9%Sales Q/Q+19.0%
Free cash flow3.0BGross margin20.1%Oper. margin-Net margin9.5%FCF margin10.5%ROE13.2%
ROA6.1%R&D / sales1.6%Dividend2.72Debt/Eq-Curr. ratio-Cash-
Op. cash flow (ttm)3.7BPayout ratio60.3%Tax rate21.4%Stock pay / sales0.1%Shares out.526.5MShares Y/Y0.0%
Book / share39.75Sales / share55.23Asset turnover0.64Inventory turns11.51Sales 3Y CAGR-0.4%Sales 5Y CAGR+8.7%
EPS 3Y CAGR-7.8%EPS 5Y CAGR+12.5%Employees25,900Sales / employee1.1M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Revenue growth slowed to -15.5%-4.2% → -15.5% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

PCAR against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
PCARPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
-15.5%82nd of 82 · median +4.8%
Net margin
9.5%54th of 82 · median 13.0%
Return on equity
13.2%62nd of 77 · median 24.9%
Free cash flow margin
10.5%53rd of 79 · median 13.0%
PCAR and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
PCAR Paccar$29.1B -15.5%20.1%9.5%13.2%10.5%-
FERG Ferguson Enterprises$32.2B +3.8%30.6%6.0%28.8%3.4%0.93
ETN Eaton Corporation$32.0B +10.3%35.0%12.2%18.6%11.9%0.96
LUV Southwest Airlines$31.5B +2.1%-3.3%14.4%-1.4%0.80
UNP Union Pacific Corporation$26.4B +1.1%-28.9%34.6%25.4%1.38
WM Waste Management$26.1B +14.2%40.4%11.8%31.1%14.3%2.37
Where each dollar goes

From $28.8B of sales to $3.0B of profit

FY2022, from the 10-K income statement and revenue by product
Truck, Parts and Other to Revenue: $27.3BFinancial Services to Revenue: $1.5BRevenue to Gross profit: $5.5BRevenue to Cost of revenue: $23.3BGross profit to Net profit: $3.0BGross profit to Costs, tax, other: $2.5B Truck, Parts and Other: $27.3B · 95% Truck, Parts and Other$27.3B95% Financial Services: $1.5B · 5% Financial Services$1.5B5% Revenue: $28.8B Revenue$28.8B +23% Y/Y Gross profit: $5.5B · 19% margin Gross profit$5.5B19% margin Cost of revenue: $23.3B · 81% of revenue Cost of revenue$23.3B81% of revenue Net profit: $3.0B · 10% margin Net profit$3.0B10% margin +61% Y/Y Costs, tax, other: $2.5B · 9% of revenue Costs, tax, other$2.5B9% of revenue

Swipe sideways for the whole flow →

From $35.1B of sales to $4.6B of profit

FY2023, from the 10-K income statement and revenue by product
Truck, Parts and Other to Revenue: $33.3BFinancial Services to Revenue: $1.8BRevenue to Gross profit: $8.2BRevenue to Cost of revenue: $26.9BGross profit to Net profit: $4.6BGross profit to Costs, tax, other: $3.6B Truck, Parts and Other: $33.3B · 95% Truck, Parts and Other$33.3B95% Financial Services: $1.8B · 5% Financial Services$1.8B5% Revenue: $35.1B Revenue$35.1B +22% Y/Y Gross profit: $8.2B · 23% margin Gross profit$8.2B23% margin Cost of revenue: $26.9B · 77% of revenue Cost of revenue$26.9B77% of revenue Net profit: $4.6B · 13% margin Net profit$4.6B13% margin +53% Y/Y Costs, tax, other: $3.6B · 10% of revenue Costs, tax, other$3.6B10% of revenue

Swipe sideways for the whole flow →

From $33.7B of sales to $4.2B of profit

FY2024, from the 10-K income statement and revenue by product
Truck, Parts and Other to Revenue: $31.6BFinancial Services to Revenue: $2.1BRevenue to Gross profit: $7.6BRevenue to Cost of revenue: $26.1BGross profit to Net profit: $4.2BGross profit to Costs, tax, other: $3.4B Truck, Parts and Other: $31.6B · 94% Truck, Parts and Other$31.6B94% Financial Services: $2.1B · 6% Financial Services$2.1B6% Revenue: $33.7B Revenue$33.7B −4% Y/Y Gross profit: $7.6B · 23% margin Gross profit$7.6B23% margin Cost of revenue: $26.1B · 77% of revenue Cost of revenue$26.1B77% of revenue Net profit: $4.2B · 12% margin Net profit$4.2B12% margin −10% Y/Y Costs, tax, other: $3.4B · 10% of revenue Costs, tax, other$3.4B10% of revenue

Swipe sideways for the whole flow →

From $28.4B of sales to $2.4B of profit

FY2025, from the 10-K income statement and revenue by product
Truck, Parts and Other to Revenue: $26.2BFinancial Services to Revenue: $2.2BRevenue to Gross profit: $5.7BRevenue to Cost of revenue: $22.7BGross profit to Net profit: $2.4BGross profit to Costs, tax, other: $3.3B Truck, Parts and Other: $26.2B · 92% Truck, Parts and Other$26.2B92% Financial Services: $2.2B · 8% Financial Services$2.2B8% Revenue: $28.4B Revenue$28.4B −16% Y/Y Gross profit: $5.7B · 20% margin Gross profit$5.7B20% margin Cost of revenue: $22.7B · 80% of revenue Cost of revenue$22.7B80% of revenue Net profit: $2.4B · 8% margin Net profit$2.4B8% margin −43% Y/Y Costs, tax, other: $3.3B · 12% of revenue Costs, tax, other$3.3B12% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • Costs, tax, other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

1 of 3
  • !
    Net margin below the peer median9.5% vs 13.0%
  • !
    Return on equity below 15%13.2%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 3.1% → 8.4%

Cash and shareholders

2 of 4
  • ✓
    Free cash flow positive in every one of 10 years$3.7B last year
  • !
    Share count up over 5 years+1.1%
  • !
    Dividend per share not up over 3 years$2.80 → $2.72
  • ✓
    Cash from operations above net income$4.4B vs $2.4B
Free cash flow, FY2016 to FY2025: 1.9B → 3.7B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 28.4B Net income 2.4B
FY2016 revenue 17.0B · Revenues, 0001564590-19-003670 FY2016 net income 521.7M · NetIncomeLoss, 0001564590-19-003670 17.0B FY2016 FY2017 revenue 19.5B · Revenues, 0001564590-20-005276 FY2017 net income 1.7B · NetIncomeLoss, 0001564590-20-005276 19.5B FY2017 FY2018 revenue 23.5B · Revenues, 0001564590-21-006370 FY2018 net income 2.2B · NetIncomeLoss, 0001564590-21-006370 23.5B FY2018 FY2019 revenue 25.6B · Revenues, 0001564590-22-006237 FY2019 net income 2.4B · NetIncomeLoss, 0001564590-22-006237 25.6B FY2019 FY2020 revenue 18.7B · Revenues, 0001564590-23-002203 FY2020 net income 1.3B · NetIncomeLoss, 0001564590-23-002203 18.7B FY2020 FY2021 revenue 23.5B · Revenues, 0000950170-24-017900 FY2021 net income 1.9B · NetIncomeLoss, 0000950170-24-017900 23.5B FY2021 FY2022 revenue 28.8B · Revenues, 0000950170-25-023145 FY2022 net income 3.0B · NetIncomeLoss, 0000950170-25-023145 28.8B FY2022 FY2023 revenue 35.1B · Revenues, 0001193125-26-057025 FY2023 net income 4.6B · NetIncomeLoss, 0001193125-26-057025 35.1B FY2023 FY2024 revenue 33.7B · Revenues, 0001193125-26-057025 FY2024 net income 4.2B · NetIncomeLoss, 0001193125-26-057025 33.7B FY2024 FY2025 revenue 28.4B · Revenues, 0001193125-26-057025 FY2025 net income 2.4B · NetIncomeLoss, 0001193125-26-057025 28.4B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

PCAR's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue28.4B
FY2016: 17.0BFY2017: 19.5BFY2018: 23.5BFY2019: 25.6BFY2020: 18.7BFY2021: 23.5BFY2022: 28.8BFY2023: 35.1BFY2024: 33.7BFY2025: 28.4B FY2017FY2019FY2021FY2023FY2025
Net income2.4B
FY2016: 521.7MFY2017: 1.7BFY2018: 2.2BFY2019: 2.4BFY2020: 1.3BFY2021: 1.9BFY2022: 3.0BFY2023: 4.6BFY2024: 4.2BFY2025: 2.4B FY2017FY2019FY2021FY2023FY2025
Free cash flow3.7B
FY2016: 1.9BFY2017: 2.3BFY2018: 2.5BFY2019: 2.3BFY2020: 2.4BFY2021: 1.6BFY2022: 2.5BFY2023: 3.5BFY2024: 3.8BFY2025: 3.7B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)4.51
FY2016: 1.48FY2017: 4.75FY2018: 6.24FY2019: 6.87FY2020: 2.50FY2021: 3.57FY2022: 5.75FY2023: 8.76FY2024: 7.90FY2025: 4.51 FY2017FY2019FY2021FY2023FY2025
Dividend per share2.72
FY2016: -FY2017: -FY2018: -FY2019: -FY2020: -FY2021: -FY2022: 2.80FY2023: 4.24FY2024: 4.17FY2025: 2.72 FY2017FY2019FY2021FY2023FY2025
Diluted shares526.8M
FY2016: 352FY2017: 352.9MFY2018: 351.8MFY2019: 347.5MFY2020: 521.2MFY2021: 522.7MFY2022: 523.4MFY2023: 525.0MFY2024: 526.6MFY2025: 526.8M FY2017FY2019FY2021FY2023FY2025

Revenue by product or service

year to Dec 31, 2025
RevenueSharevs year before
Truck, Parts and Other 26.2B92.2% -16.9%
Financial Services 2.2B7.8% +5.2%

10-K 0001193125-26-057025, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 15.4B54.2% -17.3%
Europe 6.9B24.4% -0.2%
Other Countries 6.1B21.3% -24.5%

10-K 0001193125-26-057025, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue17.0B19.5B23.5B25.6B18.7B23.5B28.8B35.1B33.7B28.4B
Cost of revenue------23.3B26.9B26.1B22.7B
R&D------341.2M410.9M452.9M445.5M
SG&A------726.3M753.3M744.0M735.8M
Pretax income1.1B2.2B2.8B3.1B1.7B2.4B3.8B5.7B5.4B3.0B
Income tax608.7M498.1M615.1M711.3M360.4M530.8M837.1M1.1B1.2B647.7M
Net income521.7M1.7B2.2B2.4B1.3B1.9B3.0B4.6B4.2B2.4B
EPS (diluted)1.484.756.246.872.503.575.758.767.904.51
Diluted shares352352.9M351.8M347.5M521.2M522.7M523.4M525.0M526.6M526.8M
Depreciation & amortization302.4M321.4M337.6M322.2M249.6M270.0M332.2M415.0M398.4M398.2M
Net margin3.1%8.6%9.3%9.3%6.9%7.9%10.4%13.1%12.4%8.4%
Revenue growth-+14.2%+20.8%+9.0%-26.8%+25.6%+22.5%+21.9%-4.2%-15.5%
EPS growth-+221%+31.4%+10.1%-63.6%+42.8%+61.1%+52.3%-9.8%-42.9%

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash1.9B2.4B3.4B-------
Inventory-----2.0B----
Property & equipment2.3B2.5B2.5B2.9B3.3B3.4B3.5B3.8B4.0B4.5B
Goodwill103.0M117.4M112.0M109.1M118.8M110.6M104.1M107.4M100.7M114.2M
Total assets20.6B23.4B25.5B28.4B28.4B29.5B33.3B40.8B43.4B44.3B
Shareholders' equity6.8B8.1B8.6B9.7B10.5B11.6B13.2B15.9B17.5B19.3B
Retained earnings7.5B8.4B9.3B10.4B11.0B12.0B13.4B15.8B17.8B18.7B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow2.3B2.7B3.0B2.9B3.0B2.2B3.0B4.2B4.6B4.4B
Capital spending375.2M423.4M457.6M574.0M550.4M559.1M525.0M695.0M838.7M743.0M
Free cash flow1.9B2.3B2.5B2.3B2.4B1.6B2.5B3.5B3.8B3.7B
Stock-based pay (added back)13.1M12.7M13.2M15.1M13.0M14.7M17.1M21.2M22.9M24.1M
Dividends paid829.3M558.3M804.3M1.1B1.2B708.0M1.0B1.5B2.3B2.3B
Buybacks70.5M-354.4M110.2M42.1M1.5M2.1M3.5M4.5M36.1M
Debt raised2.0B1.7B2.3B2.5B2.2B2.1B3.2B3.1B3.9B3.1B
Debt repaid1.6B1.9B1.8B1.8B1.9B2.3B2.3B2.2B2.5B2.8B
Investing cash flow-1.6B-2.0B-1.9B-2.2B-1.9B-1.4B-2.0B-2.9B-4.5B-2.3B
Financing cash flow-823.5M-393.8M71.1M83.4M-1.8B-882.9M304.9M1.1B-123.1M-3.1B
Dividend per share------2.804.244.172.72

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)13.1M12.7M13.2M15.1M13.0M14.7M17.1M21.2M22.9M24.1M
Stock-based pay / revenue0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Operating lease cost---16.9M16.6M16.3M15.5M17.5M23.4M24.0M
Operating lease cash paid---17.0M17.2M16.7M15.9M17.0M27.0M24.1M
Finance lease principal paid---1.0M900K600K1.0M1.1M600K700K
Right-of-use assets---36.9M39.9M35.8M42.9M70.9M70.4M61.8M
Operating lease liabilities---37.7M40.3M36.1M42.9M71.5M71.5M62.9M
Finance lease liabilities---1.2M1.0M900K2.6M2.4M1.6M900K

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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