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PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Australia, Mexico, Europe, Central and South America, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods; and diesel engine products. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment; and operates its own full-service lease outlets. The company manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $28.4B | $3.8B | $2.4B | $3.0B | 12.3% | -15.5% | -42.9% |
| 2024 | $33.7B | $5.8B | $4.2B | $2.9B | 23.8% | -4.2% | -9.5% |
| 2023 | $35.1B | $6.9B | $4.6B | $2.9B | 29.0% | 21.9% | 52.8% |
| 2022 | $28.8B | $4.5B | $3.0B | $1.6B | 22.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 28,819.70 | 35,127.40 | 33,663.80 | 28,444.80 |
| Operating Revenue | - | 28,819.70 | 35,127.40 | 33,663.80 | 28,444.80 |
| Cost Of Revenue | - | 23,593.20 | 27,394.80 | 26,954.20 | 23,707.30 |
| Gross Profit | - | 5,226.50 | 7,732.60 | 6,709.60 | 4,737.50 |
| Operating Expense | - | 1,547.90 | 1,786.20 | 1,817.20 | 1,775.80 |
| Research And Development | - | 341.20 | 410.90 | 452.90 | 445.50 |
| Selling General And Administration | - | 726.30 | 753.30 | 744 | 735.80 |
| Total Expenses | - | 25,141.10 | 29,181 | 28,771.40 | 25,483.10 |
| Operating Income | - | 3,678.60 | 5,946.40 | 4,892.40 | 2,961.70 |
| EBITDA | - | 4,468.80 | 6,870.30 | 5,809.30 | 3,789.10 |
| Normalized EBITDA | - | 4,407.80 | 6,578.10 | 5,414.60 | 3,443 |
| EBIT | - | 3,678.60 | 5,946.40 | 4,892.40 | 2,961.70 |
| Interest Income | 72.60 | - | - | - | - |
| Net Interest Income | - | 109.10 | -520.40 | 113.80 | -284.30 |
| Other Income Expense | - | 61 | 292.20 | 394.70 | 346.10 |
| Interest Income Non Operating | 72.60 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 109.10 | -520.40 | 113.80 | -284.30 |
| Pretax Income | - | 3,848.70 | 5,718.20 | 5,400.90 | 3,023.50 |
| Tax Provision | - | 837.10 | 1,117.40 | 1,238.90 | 647.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 13.30 | 56.98 | 90.39 | 74.07 |
| Net Income Continuous Operations | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Net Income From Continuing And Discontinued Operation | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Net Income | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Net Income Common Stockholders | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Net Income Including Noncontrolling Interests | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Normalized Income | - | 2,963.90 | 4,365.58 | 3,857.69 | 2,103.77 |
| Diluted NI Availto Com Stockholders | - | 3,011.60 | 4,600.80 | 4,162 | 2,375.80 |
| Basic Average Shares | - | 522.60 | 523.90 | 525.30 | 525.90 |
| Diluted Average Shares | - | 523.35 | 525 | 526.60 | 526.80 |
| Reconciled Depreciation | - | 790.20 | 923.90 | 916.90 | 827.40 |
| Reconciled Cost Of Revenue | - | 23,277.90 | 27,061.60 | 26,582 | 23,349.90 |
| Total Unusual Items | - | 61 | 292.20 | 394.70 | 346.10 |
| Total Unusual Items Excluding Goodwill | - | 61 | 292.20 | 394.70 | 346.10 |
| Gain On Sale Of Security | - | 61 | 292.20 | 394.70 | 346.10 |
| Depreciation Amortization Depletion Income Statement | - | 474.90 | 590.70 | 544.70 | 470 |
| Depreciation And Amortization In Income Statement | - | 474.90 | 590.70 | 544.70 | 470 |
| Total Other Finance Cost | - | -109.10 | 520.40 | -113.80 | 284.30 |
| Provision For Doubtful Accounts | - | 5.50 | 31.30 | 75.60 | 124.50 |
| Depreciation Income Statement | - | 474.90 | 590.70 | 544.70 | 470 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PACCAR Incthis co. | PCAR | $62.1B | 26.15↓ discount | 3.23 | 12.3% | 18.86 |
| Norfolk Southern Corporation | NSC | $69.0B | 24.01 | 4.44 | 18.5% | 14.49 |
| TransDigm Group Incorporated | TDG | $68.7B | 33.12 | -7.09 | -21.4% | 21.00 |
| United Rentals, Inc. | URI | $67.9B | 27.24 | 7.58 | 27.8% | 11.61 |
| Comfort Systems USA, Inc. | FIX | $67.4B | 65.88 |
| - |
| - |
| - |
| - |
| 27.51 |
| 41.8% |
| 46.36 |
| Republic Services, Inc. | RSG | $64.0B | 29.90 | 5.34 | 17.9% | 15.25 |
| W.W. Grainger, Inc. | GWW | $60.9B | 35.68 | 16.29 | 45.7% | 22.84 |
| L3Harris Technologies, Inc. | LHX | $57.7B | 35.93 | 2.94 | 8.2% | 18.05 |
| Carrier Global Corporation | CARR | $56.9B | 38.36 | 4.12 | 10.8% | 19.16 |
| Peer Median | - | 34.40 | 4.89 | 18.2% | 18.61 | |