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PCAR

PACCAR Inc

PCAR

PACCAR Inc • NASDAQ
$105.42 ▲ 0.45% (+0.47)
Market Cap $55.37 B
52w High $118.81
52w Low $84.65
Dividend Yield 1.32%
P/E 20.67
Volume 993.13K
Outstanding Shares 525.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.028B ▼ $125.4M ▼ $590M ▼ 11.734% ▲ $1.12 ▼ $558.8M ▼
Q2-2025 $7.511B ▲ $321.4M ▲ $723.8M ▲ 9.637% ▲ $1.38 ▲ $1.046B ▼
Q1-2025 $7.444B ▼ $315.3M ▼ $505.1M ▼ 6.785% ▼ $0.96 ▼ $1.179B ▼
Q4-2024 $7.893B ▼ $328.1M ▲ $872M ▼ 11.047% ▼ $1.66 ▼ $1.359B ▼
Q3-2024 $8.251B $323.9M $972.1M 11.781% $1.85 $1.48B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $9.25B ▲ $44.201B ▲ $24.833B ▼ $19.369B ▲
Q2-2025 $8.464B ▲ $44.095B ▲ $25.152B ▲ $18.943B ▲
Q1-2025 $8.344B ▼ $42.725B ▼ $24.703B ▼ $18.022B ▲
Q4-2024 $9.84B ▲ $43.419B ▲ $25.912B ▲ $17.507B ▼
Q3-2024 $9.36B $43.282B $24.618B $18.664B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $590M ▼ $1.528B ▲ $-503.3M ▲ $-262M ▲ $754M ▲ $1.222B ▲
Q2-2025 $723.8M ▲ $833.4M ▼ $-617.5M ▼ $-291.1M ▲ $32.2M ▲ $444.5M ▼
Q1-2025 $505.1M ▼ $910.3M ▼ $-392.6M ▲ $-2.135B ▼ $-1.543B ▼ $584.5M ▼
Q4-2024 $872M ▼ $1.446B ▲ $-1.732B ▼ $643.3M ▼ $211.6M ▼ $942.8M ▲
Q3-2024 $972.1M $1.286B $-1.185B $812.9M $977.7M $908.1M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Financial Services
Financial Services
 $1.05Bn ▲$180.00M ▼$550.00M ▲$570.00M ▲
Truck Parts And Other
Truck Parts And Other
 $7.88Bn ▲$7.10Bn ▼$7.08Bn ▼$6.20Bn ▼

Five-Year Company Overview

Income Statement

Income Statement PACCAR’s income statement shows a company that has grown strongly over the last several years, then leveled off from an unusually strong 2023. Sales have climbed significantly from the pandemic trough, and profits have grown even faster, indicating better pricing, mix, and cost control. Margins today are much healthier than a few years ago, and earnings per share have roughly tripled compared with 2020. The most recent year does show a slight step down in revenue and profit from the prior peak, reminding that truck demand is cyclical, but profitability remains well above earlier years, suggesting the business is operating from a stronger base than before.

Balance Sheet

Balance Sheet The balance sheet looks solid and scaled up. Total assets and shareholder equity have steadily increased, showing reinvestment in the business and retained earnings. Cash levels are robust relative to the company’s size, providing a useful buffer for downturns or investment needs. Debt has also risen, but it appears matched by growing assets and equity, rather than funding losses. Overall, the company looks well-capitalized, with a balance sheet that can likely support the capital intensity and cyclicality of heavy truck manufacturing and financing activities.

Cash Flow

Cash Flow Cash generation has improved meaningfully. Operating cash flow has strengthened in line with higher earnings, and free cash flow is consistently positive and much higher than a few years ago, even after sizeable spending on plants, equipment, and technology. Capital spending is significant, as expected for an industrial manufacturer, but it is well covered by internally generated cash. This pattern—strong cash inflows, disciplined investment, and room left over—gives the company flexibility to fund growth, manage downturns, and return capital when it chooses, without overreliance on external financing.

Competitive Edge

Competitive Edge PACCAR holds a strong competitive position built around premium brands, deep customer relationships, and an integrated business model. Kenworth, Peterbilt, and DAF carry reputations for durability and driver appeal, supporting pricing power and loyalty. A large global dealer and service network creates a high barrier for new entrants and anchors a steady parts and service business that is less cyclical than truck sales. The company’s parts and financial services arms provide higher-margin, recurring revenue and help smooth out the ups and downs of the truck cycle. Vertical integration in powertrains and the ability to customize trucks for operators further differentiate PACCAR versus more standardized competitors.

Innovation and R&D

Innovation and R&D Innovation is clearly a strategic focus. PACCAR is investing in battery-electric and hydrogen fuel cell trucks, including a battery cell joint venture to secure key components in the supply chain. Partnerships on hydrogen with Toyota and on autonomous driving with Aurora position the company at the forefront of long-haul technology shifts, though the timing and scale of commercial rollout remain uncertain. Its proprietary powertrain, integrated engines and transmissions, and connected vehicle services aim to improve fuel efficiency, uptime, and fleet management. A dedicated innovation center in Silicon Valley helps the company tap into emerging technologies and keep its truck platforms current as regulations tighten and customers look for lower total ownership costs.

Summary

Overall, PACCAR looks like a mature, well-run industrial leader with strong profitability, a resilient balance sheet, and improving cash generation. The business continues to benefit from premium brands, a powerful dealer and service ecosystem, and a diversified model that includes parts and financial services. At the same time, it operates in a cyclical, capital-intensive industry that is undergoing major technological change. Management’s push into zero-emission, autonomous, and connected trucks offers long-term opportunity but also execution and adoption risks. The current financial profile suggests PACCAR is entering this transition from a position of strength, but future performance will depend heavily on how the truck cycle evolves and how successfully the company scales its next-generation technologies.

NEWS

October 21, 2025 · 8:00 AM UTC

PACCAR Achieves Good Quarterly Revenues and Profits

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October 9, 2025 · 7:30 AM UTC

Dragonfly Energy Collaborates with PACCAR on Whitepaper Addressing Lithium-Powered Solutions to Reduce Idling and Fuel Costs in Trucking

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September 11, 2025 · 4:52 PM UTC

PACCAR offers Allison Neutral at Stop Technology as Standard Offering for Vehicles Equipped with Allison Rugged Duty Series™ Transmissions

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September 9, 2025 · 10:25 AM UTC

PACCAR Declares Regular Quarterly Cash Dividend

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