PACCAR (PCAR) Financials

$96.34 -0.14 (-0.15%)

Closing price 08/4/2025 04:00 PM Eastern

Extended Trading

$96.50 +0.16 (+0.16%)

As of 04:00 AM Eastern

Annual Income Statements for PACCAR

This table shows PACCAR's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,604	32,569	1,675	2,195	2,388	1,244	1,866	53,283	64,398	61,345
Consolidated Net Income / (Loss)	1,604	32,569	1,675	2,179	2,388	1,301	1,866	53,283	64,398	61,345
Net Income / (Loss) Continuing Operations	1,592	32,569	1,675	2,179	2,388	1,244	1,866	53,283	64,398	61,345
Total Pre-Tax Income	4,652	1,130	2,173	2,794	3,099	1,662	2,396	54,120	65,516	62,584
Total Operating Income	2,433	32,844	2,241	2,859	3,190	1,706	2,460	54,383	66,745	63,497
Total Gross Profit	3,798	35,935	3,805	4,538	5,013	3,598	4,430	57,639	70,255	67,328
Total Revenue	19,115	49,487	19,456	23,496	25,600	18,729	23,522	57,639	70,255	67,328
Operating Revenue	19,115	49,487	19,456	23,496	25,600	18,729	23,522	57,639	70,255	67,328
Total Cost of Revenue	15,317	13,552	15,651	18,958	20,586	15,130	19,092	0.00	0.00	0.00
Total Operating Expenses	1,365	3,091	1,564	1,679	1,823	1,892	1,970	3,257	3,510	3,831
Selling, General & Admin Expense	542	543	572	645	699	581	677	1,453	1,507	1,488
Research & Development Expense	240	247	265	306	327	274	324	682	822	906
Depreciation Expense	584	-	728	728	0.00	0.00	0.00	561	591	719
Other Operating Expenses / (Income)	-	2,301	-	-	798	1,037	969	561	591	719
Total Other Income / (Expense), net	-109	334	-68	-65	-106	-102	-63	-263	-1,229	-913
Interest Expense	118	-299	150	187	231	192	151	433	1,001	1,422
Interest & Investment Income	22	28	35	61	82	36	16	61	292	395
Other Income / (Expense), net	-12	6.90	46	61	42	54	73	109	-520	114
Income Tax Expense	733	609	498	615	711	360	531	837	1,117	1,239
Basic Earnings per Share	$4.52	$1.49	$4.76	$6.25	$6.88	$2.50	$3.58	$5.76	$8.78	$7.92
Weighted Average Basic Shares Outstanding	354.60M	351.10	351.90M	351M	346.90M	520.20M	521.70M	522.60M	523.90M	525.30M
Diluted Earnings per Share	$4.51	$1.48	$4.75	$6.24	$6.87	$2.50	$3.57	$5.75	$8.76	$7.90
Weighted Average Diluted Shares Outstanding	355.60M	351.80	352.90M	351.80M	347.50M	521.20M	522.70M	523.40M	525M	526.60M
Weighted Average Basic & Diluted Shares Outstanding	354.90M	350.10M	351.90M	351.20M	346.35M	346.94M	347.57M	522.51M	523.88M	524.80M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	$2.80	$4.24	$4.17

This table shows PACCAR's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	769	51,193	734	1,221	1,229	61,215	1,179	1,123	972	58,071	13,209
Consolidated Net Income / (Loss)	769	51,193	734	1,221	1,229	61,215	1,195	1,123	972	58,055	13,209
Net Income / (Loss) Continuing Operations	769	51,193	734	1,221	1,229	61,215	1,179	1,123	972	58,071	13,209
Total Pre-Tax Income	980	51,447	919	1,569	1,589	61,439	1,535	1,461	1,256	58,332	13,347
Total Operating Income	979	51,682	1,540	1,604	1,631	61,971	1,566	1,514	1,312	59,105	13,970
Total Gross Profit	1,370	53,739	1,974	2,025	2,064	64,193	2,038	1,988	1,790	61,511	14,883
Total Revenue	7,059	36,949	8,473	8,881	8,696	44,204	8,744	8,772	8,240	41,571	14,883
Operating Revenue	7,059	36,949	8,473	8,881	8,696	44,204	8,744	8,772	8,240	41,571	14,883
Total Cost of Revenue	5,689	-16,790	6,499	6,857	6,633	-19,989	6,706	6,784	6,450	-19,940	0.00
Total Operating Expenses	391	2,058	435	421	433	2,222	472	474	478	2,406	913
Selling, General & Admin Expense	171	921	195	182	182	947	187	184	187	931	363
Research & Development Expense	83	441	97	101	104	520	106	117	115	568	231
Depreciation Expense	0.00	561	0.00	0.00	0.00	591	0.00	0.00	0.00	719	160
Other Operating Expenses / (Income)	137	135	142	138	147	164	180	174	177	188	160
Total Other Income / (Expense), net	0.60	-234	-624	-35	-41	-529	-48	-53	-55	-757	-623
Interest Expense	56	291	94	116	139	653	160	173	188	901	381
Interest & Investment Income	21	37	49	63	81	100	86	96	109	105	84
Other Income / (Expense), net	35	20	-579	18	16	24	27	24	24	39	-326
Income Tax Expense	210	254	185	347	361	224	339	338	284	277	138
Basic Earnings per Share	$1.47	$97.96	$1.40	$2.33	$2.35	$116.84	$2.28	$2.14	$1.85	$110.55	$0.96
Weighted Average Basic Shares Outstanding	522.70M	522.60M	523.50M	523.80M	524.10M	523.90M	524.90M	525.30M	525.40M	525.30M	525.90M
Diluted Earnings per Share	$1.47	$97.96	$1.40	$2.33	$2.34	$116.84	$2.27	$2.13	$1.85	$110.55	$0.96
Weighted Average Diluted Shares Outstanding	523.30M	523.40M	524.40M	524.80M	525.30M	525M	526.30M	526.60M	526.50M	526.60M	526.90M
Weighted Average Basic & Diluted Shares Outstanding	347.77M	522.51M	522.58M	522.81M	523.08M	523.88M	524.15M	524.22M	524.30M	524.80M	524.96M
Cash Dividends to Common per Share	-	$0.25	-	-	$0.27	$0.27	-	-	$0.30	$0.30	$0.33

This table details how cash moves in and out of PACCAR's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	279	-101	449	1,133	739	-636	-111	1,263	2,491	-121
Net Cash From Operating Activities	2,556	2,301	2,716	2,992	2,860	2,987	2,187	3,027	4,190	4,641
Net Cash From Continuing Operating Activities	2,556	2,301	2,716	2,992	2,860	2,987	2,187	3,027	4,227	4,641
Net Income / (Loss) Continuing Operations	1,604	522	1,675	2,195	2,388	1,301	1,866	3,012	4,601	4,162
Consolidated Net Income / (Loss)	1,604	522	1,675	2,195	2,388	1,301	1,866	3,012	4,601	4,162
Depreciation Expense	907	993	1,108	1,054	1,077	1,049	903	790	924	917
Non-Cash Adjustments To Reconcile Net Income	-3.90	-137	-4.70	-37	6.30	-136	-4.30	-20	-253	61
Changes in Operating Assets and Liabilities, net	49	923	-62	-220	-611	773	-578	-755	-1,045	-499
Net Cash From Investing Activities	-1,975	-1,564	-1,965	-1,931	-2,207	-1,876	-1,363	-2,033	-2,871	-4,487
Net Cash From Continuing Investing Activities	-1,975	-1,564	-1,965	-1,931	-2,207	-1,876	-1,363	-2,033	-2,871	-4,487
Purchase of Property, Plant & Equipment	-1,725	-1,965	-1,847	-1,953	-1,971	-1,638	-1,621	-1,406	-1,263	-2,258
Acquisitions	-	-	-	-	-	-	-	0.00	0.00	-208
Purchase of Investments	-4,394	-3,858	-4,087	-4,475	-4,932	-4,760	-5,474	-5,947	-7,345	-8,735
Sale of Property, Plant & Equipment	424	443	476	654	590	655	904	688	585	696
Sale and/or Maturity of Investments	3,717	3,815	3,493	3,846	4,104	3,850	4,840	4,606	5,134	5,943
Other Investing Activities, net	3.10	0.50	0.00	-1.90	1.10	17	-13	27	18	74
Net Cash From Financing Activities	-197	-824	-394	71	83	-1,809	-883	305	1,102	-123
Net Cash From Continuing Financing Activities	-197	-824	-394	71	83	-1,809	-883	305	1,102	-123
Repayment of Debt	-1,329	-1,948	-1,897	-1,755	-1,790	-1,899	-2,337	-2,266	-512	-2,473
Repurchase of Common Equity	-202	-71	0.00	-354	-110	-42	-1.50	-2.10	-3.50	-4.50
Payment of Dividends	-681	-829	-558	-804	-1,139	-1,240	-708	-1,005	-1,519	-2,289
Issuance of Debt	1,993	1,995	2,022	2,966	3,061	1,318	2,126	3,542	3,085	4,591
Issuance of Common Equity	22	29	39	19	61	54	38	36	52	52
Effect of Exchange Rate Changes	-	-14	92	-	2.90	62	-52	-36	70	-151

This table details how cash moves in and out of PACCAR's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	92	1,367	-281	736	760	1,275	-987	-323	978	212	-1,543
Net Cash From Operating Activities	681	1,249	685	976	1,343	1,187	1,469	440	1,286	1,446	910
Net Cash From Continuing Operating Activities	681	1,249	685	976	1,343	1,224	1,469	440	1,286	1,446	910
Net Income / (Loss) Continuing Operations	769	921	734	1,221	1,229	1,417	1,195	1,123	972	872	505
Consolidated Net Income / (Loss)	769	921	734	1,221	1,229	1,417	1,195	1,123	972	872	505
Depreciation Expense	203	205	221	223	234	246	235	232	227	223	205
Non-Cash Adjustments To Reconcile Net Income	-51	198	-61	-53	-4.30	-135	8.00	5.90	-17	64	48
Changes in Operating Assets and Liabilities, net	-241	-75	-209	-416	-115	-304	31	-920	104	286	152
Net Cash From Investing Activities	-440	-715	-293	-752	-886	-940	-526	-1,044	-1,186	-1,732	-393
Net Cash From Continuing Investing Activities	-440	-715	-293	-752	-886	-940	-526	-1,044	-1,186	-1,732	-393
Purchase of Property, Plant & Equipment	-358	-309	-292	-272	-351	-348	-428	-502	-330	-998	-302
Acquisitions	-	-	-	-	-	-	-	-	-	-	-45
Purchase of Investments	-1,360	-1,664	-1,417	-2,054	-1,884	-1,991	-1,758	-2,191	-2,303	-2,483	-1,737
Sale of Property, Plant & Equipment	182	176	162	139	149	136	169	184	169	175	200
Sale and/or Maturity of Investments	1,097	1,082	1,237	1,435	1,199	1,263	1,491	1,517	1,353	1,582	1,495
Other Investing Activities, net	-	-	18	-	-	-	-0.20	-52	-74	200	-3.40
Net Cash From Financing Activities	-73	724	-691	492	358	943	-1,880	301	813	643	-2,135
Net Cash From Continuing Financing Activities	-73	724	-691	492	358	943	-1,880	301	813	643	-2,135
Repayment of Debt	-840	-173	-639	69	-1,648	1,706	-1,110	-181	-806	-376	-1,103
Repurchase of Common Equity	-0.10	-0.10	-3.00	-	-0.10	-0.40	-4.00	-	-0.50	-	-4.30
Payment of Dividends	-118	-129	-1,105	-131	-141	-141	-1,817	-157	-157	-157	-1,747
Issuance of Debt	882	1,012	1,036	546	2,134	-630	1,015	632	1,774	1,170	698
Issuance of Common Equity	3.30	14	21	8.30	14	8.40	35	6.90	3.00	6.60	23
Effect of Exchange Rate Changes	-76	109	18	20	-54	86	-50	-20	64	-145	74

This table presents PACCAR's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	21,110	20,639	23,440	25,482	27,963	27,946	29,509	33,276	40,823	43,419
Total Current Assets	2,573	2,229	6,193	7,320	7,022	7,904	9,272	10,960	14,115	14,702
Cash & Equivalents	-	-	2,365	3,436	4,175	3,540	3,428	4,691	7,182	7,061
Short-Term Investments	1,448	1,141	1,367	1,020	-	1,429	1,559	1,614	1,823	2,779
Accounts Receivable	879	862	1,128	1,314	1,306	1,198	1,575	1,920	2,198	1,934
Inventories, net	-	-	928	1,185	1,153	1,222	1,976	2,199	2,577	2,367
Other Current Assets	246	226	404	365	388	516	733	682	681	751
Plant, Property, & Equipment, net	0.00	5,898	6,606	6,123	5,768	6,541	3,398	3,468	3,780	3,986
Total Noncurrent Assets	871	1,032	10,641	12,040	13,645	13,501	16,840	18,701	22,584	24,542
Noncurrent Note & Lease Receivables	-	-	9,697	10,841	12,086	11,821	11,921	13,792	17,572	19,314
Other Noncurrent Operating Assets	871	1,032	944	1,199	1,559	1,681	4,919	4,910	5,012	5,227
Total Liabilities & Shareholders' Equity	21,110	20,639	23,440	25,482	28,361	28,260	29,509	33,276	40,823	43,419
Total Liabilities	7,485	6,899	15,390	16,890	18,655	17,870	17,915	20,108	24,945	25,912
Total Current Liabilities	6,765	6,160	6,392	7,787	8,730	7,562	8,709	5,486	6,751	6,379
Short-Term Debt	2,797	2,448	2,934	3,541	4,110	3,344	3,303	3,605	5,610	6,004
Accounts Payable	2,429	2,429	3,036	3,551	3,823	3,975	4,555	5,339	6,069	5,912
Dividends Payable	493	210	422	695	797	243	521	975	1,675	1,574
Total Noncurrent Liabilities	720	739	8,998	9,103	9,925	10,308	9,207	10,190	11,591	12,423
Long-Term Debt	-	-	5,946	6,410	-	7,509	7,129	7,867	8,625	9,891
Noncurrent Deferred Revenue	-	-	1,339	842	587	457	-	209	143	80
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	774	705	790	855	590	624	702	577
Other Noncurrent Operating Liabilities	720	739	940	1,146	8,548	1,487	1,488	1,490	2,122	1,874
Total Equity & Noncontrolling Interests	6,940	6,778	8,051	8,593	9,706	10,390	11,594	13,167	15,879	17,507
Total Preferred & Common Equity	6,940	6,778	8,051	8,593	9,706	10,390	11,594	13,167	15,879	17,507
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,940	6,778	8,051	8,593	9,706	10,390	11,594	13,167	15,879	17,507
Common Stock	421	421	475	416	408	435	489	718	792	869
Retained Earnings	7,537	7,485	8,369	9,275	10,399	11,005	12,026	13,402	15,780	17,751
Treasury Stock	-	-	-	-	-	-	-	-	0.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-1,017	-1,128	-794	-1,099	-1,100	-1,050	-921	-953	-694	-1,113

This table presents PACCAR's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	30,624	33,276	34,826	36,868	38,040	40,823	40,374	41,177	43,282	43,419	42,725
Total Current Assets	9,883	10,960	11,776	12,610	13,286	14,115	13,802	14,000	14,663	14,702	13,448
Cash & Equivalents	3,219	4,691	4,410	5,146	5,906	7,182	6,195	5,872	6,849	7,061	5,518
Short-Term Investments	1,544	1,614	1,639	1,691	1,743	1,823	1,831	2,146	2,511	2,779	2,827
Accounts Receivable	2,019	1,920	2,347	2,351	2,304	2,198	2,411	2,731	2,199	1,934	2,212
Inventories, net	2,382	2,199	2,609	2,713	2,622	2,577	2,743	2,783	2,645	2,367	2,376
Other Current Assets	720	682	771	709	711	681	622	682	666	751	760
Plant, Property, & Equipment, net	6,054	3,468	3,512	3,602	3,614	3,780	3,797	3,896	4,041	3,986	4,127
Total Noncurrent Assets	14,582	18,701	19,538	20,656	21,140	22,584	22,775	23,068	24,371	24,542	24,906
Noncurrent Note & Lease Receivables	12,549	13,792	14,542	15,664	16,260	17,572	17,873	18,113	19,294	19,314	19,611
Other Noncurrent Operating Assets	2,033	4,910	2,294	2,478	2,543	5,012	2,746	4,955	5,077	5,227	5,294
Total Liabilities & Shareholders' Equity	30,624	33,276	34,826	36,868	38,040	40,823	40,374	41,177	43,282	43,419	42,725
Total Liabilities	17,730	20,108	20,944	21,788	22,016	24,945	23,502	23,474	24,618	25,912	24,703
Total Current Liabilities	4,382	5,486	10,360	11,178	11,494	6,751	11,747	5,271	5,236	6,379	5,103
Short-Term Debt	-	3,605	3,859	4,637	5,019	5,610	4,915	5,252	5,497	6,004	5,687
Accounts Payable	4,382	5,339	6,307	6,362	6,312	6,069	6,705	6,380	6,397	5,912	6,229
Dividends Payable	0.00	975	0.00	0.00	0.00	1,675	0.00	0.00	0.00	1,574	0.00
Total Noncurrent Liabilities	13,348	10,190	10,585	10,610	10,523	11,591	11,755	11,842	12,724	12,423	12,786
Long-Term Debt	10,378	7,867	8,057	7,953	7,906	8,625	9,115	9,153	10,023	9,891	9,968
Noncurrent Deferred Revenue	227	209	-	-	-	143	-	116	96	80	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	588	624	646	686	645	702	647	611	627	577	583
Other Noncurrent Operating Liabilities	2,156	1,490	1,882	1,971	1,971	2,122	1,993	1,962	1,978	1,874	2,235
Total Equity & Noncontrolling Interests	12,894	13,167	13,882	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022
Total Preferred & Common Equity	12,894	13,167	13,882	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	12,894	13,167	13,882	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022
Common Stock	528	718	753	765	781	792	842	854	860	869	907
Retained Earnings	13,761	13,402	14,005	15,096	16,182	15,780	16,834	17,799	18,613	17,751	18,083
Treasury Stock	-2.00	-	-3.00	-3.00	-3.10	0.00	-4.00	-4.00	-4.50	0.00	-4.30
Accumulated Other Comprehensive Income / (Loss)	-1,393	-953	-873	-778	-938	-694	-800	-945	-805	-1,113	-963

This table displays calculated financial ratios and metrics derived from PACCAR's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.62%	158.89%	-60.68%	20.76%	8.95%	-26.84%	25.60%	145.04%	21.89%	-4.17%
EBITDA Growth	9.23%	916.94%	-89.97%	17.05%	8.44%	-34.81%	22.29%	1,509.14%	21.47%	-3.90%
EBIT Growth	13.71%	1,256.96%	-93.04%	27.63%	10.70%	-45.54%	43.86%	2,051.96%	21.53%	-3.95%
NOPAT Growth	41.57%	639.49%	-88.60%	29.05%	10.25%	-45.64%	43.32%	2,696.23%	22.53%	-5.13%
Net Income Growth	18.05%	1,930.46%	-94.86%	30.05%	9.61%	-45.51%	43.37%	2,756.24%	20.86%	-4.74%
EPS Growth	18.06%	-67.18%	220.95%	31.37%	10.10%	-45.51%	43.37%	2,756.24%	52.35%	-9.82%
Operating Cash Flow Growth	20.36%	-9.98%	18.04%	10.18%	-4.41%	4.44%	-26.80%	38.43%	38.42%	10.76%
Free Cash Flow Firm Growth	-87.78%	367.03%	-188.40%	113.15%	717.72%	-172.81%	108.79%	9,172.22%	19.96%	-3.61%
Invested Capital Growth	3.67%	271.62%	260.68%	8.53%	-42.42%	90.37%	8.37%	9.96%	18.00%	10.32%
Revenue Q/Q Growth	-3.22%	185.62%	-64.85%	33.04%	-0.63%	1.13%	1.55%	110.54%	105.54%	93.29%
EBITDA Q/Q Growth	0.63%	1,313.46%	-91.40%	449.96%	-0.73%	24.06%	-15.61%	1,191.55%	960.65%	804.46%
EBIT Q/Q Growth	1.39%	2,211.80%	-94.05%	231.33%	-1.74%	46.70%	-18.56%	1,464.20%	1,115.60%	926.77%
NOPAT Q/Q Growth	24.00%	1,305.05%	-94.07%	224.26%	-1.24%	87.61%	-24.84%	1,934.13%	1,305.47%	1,178.17%
Net Income Q/Q Growth	-2.85%	5,514.31%	-94.99%	-1.25%	-1.25%	97.27%	-25.96%	1,942.28%	1,468.85%	1,203.18%
EPS Q/Q Growth	-2.80%	-9.76%	21.79%	-0.32%	-1.72%	97.27%	-25.96%	1,942.28%	11.88%	-11.53%
Operating Cash Flow Q/Q Growth	14.94%	21.16%	-7.95%	6.09%	-4.07%	-4.75%	12.43%	7.54%	-1.46%	5.91%
Free Cash Flow Firm Q/Q Growth	-46.96%	-25.76%	-128.39%	106.27%	576.16%	-988.48%	-52.57%	3,064.33%	3,405.55%	4,352.10%
Invested Capital Q/Q Growth	-121.24%	506.36%	3,548.15%	-0.41%	-46.94%	1.03%	0.87%	4.91%	6.97%	1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.87%	72.62%	19.56%	19.31%	19.58%	19.21%	18.83%	100.00%	100.00%	100.00%
EBITDA Margin	17.41%	68.39%	17.45%	16.91%	16.83%	15.00%	14.61%	95.91%	95.58%	95.84%
Operating Margin	12.73%	66.37%	11.52%	12.17%	12.46%	9.11%	10.46%	94.35%	95.00%	94.31%
EBIT Margin	12.66%	66.38%	11.76%	12.43%	12.63%	9.40%	10.77%	94.54%	94.26%	94.48%
Profit (Net Income) Margin	8.39%	65.81%	8.61%	9.27%	9.33%	6.95%	7.93%	92.44%	91.66%	91.11%
Tax Burden Percent	34.48%	2,881.16%	77.08%	77.98%	77.05%	78.31%	77.85%	98.45%	98.29%	98.02%
Interest Burden Percent	192.18%	3.44%	95.00%	95.68%	95.89%	94.40%	94.63%	99.32%	98.93%	98.39%
Effective Tax Rate	15.76%	53.85%	22.92%	22.02%	22.95%	21.69%	22.15%	1.55%	1.71%	1.98%
Return on Invested Capital (ROIC)	0.00%	1,923.73%	19.86%	15.70%	21.10%	10.81%	11.34%	290.46%	311.73%	259.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	1,636.95%	15.79%	14.83%	18.30%	9.30%	10.51%	286.19%	293.20%	247.45%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-1,448.90%	2.73%	10.48%	5.00%	2.14%	5.63%	139.92%	131.70%	107.73%
Return on Equity (ROE)	23.43%	474.83%	22.59%	26.18%	26.10%	12.95%	16.97%	430.38%	443.42%	367.49%
Cash Return on Invested Capital (CROIC)	0.00%	243.13%	-93.31%	7.52%	74.95%	-51.43%	3.31%	280.97%	295.21%	249.95%
Operating Return on Assets (OROA)	11.60%	157.37%	10.38%	11.94%	12.09%	6.30%	8.81%	173.58%	178.75%	151.02%
Return on Assets (ROA)	7.69%	156.02%	7.60%	8.91%	8.94%	4.65%	6.49%	169.73%	173.82%	145.64%
Return on Common Equity (ROCE)	23.43%	474.83%	22.59%	26.18%	26.10%	12.95%	16.97%	430.38%	443.42%	367.49%
Return on Equity Simple (ROE_SIMPLE)	23.11%	480.53%	20.81%	25.35%	24.60%	12.52%	16.09%	404.67%	405.56%	350.40%
Net Operating Profit after Tax (NOPAT)	2,050	15,158	1,728	2,229	2,458	1,336	1,915	53,542	65,607	62,240
NOPAT Margin	10.72%	30.63%	8.88%	9.49%	9.60%	7.13%	8.14%	92.89%	93.38%	92.44%
Net Nonoperating Expense Percent (NNEP)	-4.90%	286.78%	4.08%	0.86%	2.80%	1.51%	0.84%	4.27%	18.53%	12.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	217.31%	217.87%	186.34%
Cost of Revenue to Revenue	80.13%	27.39%	80.44%	80.69%	80.42%	80.79%	81.17%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	2.83%	1.10%	2.94%	2.74%	2.73%	3.10%	2.88%	2.52%	2.14%	2.21%
R&D to Revenue	1.25%	0.50%	1.36%	1.30%	1.28%	1.46%	1.38%	1.18%	1.17%	1.35%
Operating Expenses to Revenue	7.14%	6.25%	8.04%	7.15%	7.12%	10.10%	8.38%	5.65%	5.00%	5.69%
Earnings before Interest and Taxes (EBIT)	2,421	32,851	2,288	2,920	3,232	1,760	2,532	54,492	66,225	63,611
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,328	33,844	3,395	3,974	4,309	2,809	3,436	55,282	67,149	64,528
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	2.48	2.41	1.90	2.42	2.53	2.40	2.39	3.08	3.11
Price to Tangible Book Value (P/TBV)	1.76	2.48	2.41	1.90	2.42	2.53	2.40	2.39	3.08	3.11
Price to Revenue (P/Rev)	0.64	0.34	1.00	0.70	0.92	1.40	1.18	0.55	0.70	0.81
Price to Earnings (P/E)	7.61	0.52	11.59	7.45	9.83	21.12	14.90	0.59	0.76	0.89
Dividend Yield	6.72%	2.50%	2.25%	6.61%	5.28%	2.61%	3.55%	4.63%	4.53%	4.02%
Earnings Yield	13.15%	193.81%	8.63%	13.43%	10.18%	4.74%	6.71%	169.20%	131.56%	112.83%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.80	1.80	1.48	2.75	1.98	1.89	1.90	2.38	2.40
Enterprise Value to Revenue (EV/Rev)	0.71	0.37	1.26	0.93	0.91	1.72	1.41	0.64	0.77	0.90
Enterprise Value to EBITDA (EV/EBITDA)	4.07	0.54	7.24	5.50	5.43	11.44	9.68	0.66	0.81	0.94
Enterprise Value to EBIT (EV/EBIT)	5.60	0.55	10.74	7.48	7.24	18.26	13.13	0.67	0.82	0.95
Enterprise Value to NOPAT (EV/NOPAT)	6.61	1.19	14.22	9.80	9.52	24.06	17.36	0.68	0.83	0.97
Enterprise Value to Operating Cash Flow (EV/OCF)	5.30	7.87	9.05	7.30	8.18	10.76	15.20	12.11	12.93	13.02
Enterprise Value to Free Cash Flow (EV/FCFF)	6.89	1.97	0.00	20.46	2.68	0.00	59.52	0.71	0.87	1.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.36	1.10	1.16	0.42	1.04	0.90	0.87	0.90	0.91
Long-Term Debt to Equity	0.00	0.00	0.74	0.75	0.00	0.72	0.61	0.60	0.54	0.57
Financial Leverage	-1.33	-0.89	0.17	0.71	0.27	0.23	0.54	0.49	0.45	0.44
Leverage Ratio	3.05	3.04	2.97	2.94	2.92	2.78	2.61	2.54	2.55	2.52
Compound Leverage Factor	5.86	0.10	2.82	2.81	2.80	2.63	2.47	2.52	2.52	2.48
Debt to Total Capital	28.72%	26.53%	52.45%	53.66%	29.75%	51.09%	47.36%	46.56%	47.27%	47.59%
Short-Term Debt to Total Capital	28.72%	26.53%	17.33%	19.09%	29.75%	15.74%	15.00%	14.63%	18.63%	17.97%
Long-Term Debt to Total Capital	0.00%	0.00%	35.12%	34.57%	0.00%	35.35%	32.37%	31.93%	28.64%	29.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.28%	73.47%	47.55%	46.34%	70.25%	48.91%	52.64%	53.44%	52.73%	52.41%
Debt to EBITDA	0.84	0.07	2.62	2.50	0.95	3.86	3.04	0.21	0.21	0.25
Net Debt to EBITDA	0.41	0.04	1.52	1.38	-0.02	2.09	1.58	0.09	0.08	0.09
Long-Term Debt to EBITDA	0.00	0.00	1.75	1.61	0.00	2.67	2.08	0.14	0.13	0.15
Debt to NOPAT	1.36	0.16	5.14	4.46	1.67	8.12	5.45	0.21	0.22	0.26
Net Debt to NOPAT	0.66	0.09	2.98	2.46	-0.03	4.40	2.84	0.10	0.08	0.10
Long-Term Debt to NOPAT	0.00	0.00	3.44	2.88	0.00	5.62	3.72	0.15	0.13	0.16
Altman Z-Score	2.52	9.39	2.40	2.37	2.50	2.33	2.60	8.84	9.01	8.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.38	0.36	0.97	0.94	0.80	1.05	1.06	2.00	2.09	2.30
Quick Ratio	0.34	0.33	0.76	0.74	0.63	0.82	0.75	1.50	1.66	1.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,966	9,181	-8,116	1,067	8,729	-6,356	559	51,793	62,131	59,888
Operating Cash Flow to CapEx	196.45%	151.21%	198.13%	230.27%	207.21%	303.82%	305.19%	421.18%	618.82%	297.19%
Free Cash Flow to Firm to Interest Expense	16.66	0.00	-54.25	5.71	37.87	-33.09	3.70	119.72	62.06	42.13
Operating Cash Flow to Interest Expense	21.66	0.00	18.15	16.01	12.41	15.55	14.49	7.00	4.19	3.26
Operating Cash Flow Less CapEx to Interest Expense	10.63	0.00	8.99	9.06	6.42	10.43	9.74	5.34	3.51	2.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	2.37	0.88	0.96	0.96	0.67	0.82	1.84	1.90	1.60
Accounts Receivable Turnover	19.85	56.84	19.55	19.24	19.54	14.96	16.97	32.98	34.12	32.59
Inventory Turnover	0.00	0.00	0.00	17.94	17.61	12.74	11.94	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	3.11	3.69	4.31	3.04	4.73	16.79	19.38	17.34
Accounts Payable Turnover	5.99	5.58	5.73	5.76	5.58	3.88	4.48	0.00	0.00	0.00
Days Sales Outstanding (DSO)	18.39	6.42	18.67	18.97	18.68	24.40	21.51	11.07	10.70	11.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	20.34	20.73	28.65	30.57	0.00	0.00	0.00
Days Payable Outstanding (DPO)	60.89	65.42	63.72	63.41	65.37	94.06	81.54	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-42.50	-59.00	-45.06	-24.09	-25.96	-41.02	-29.46	11.07	10.70	11.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2,200	3,776	13,620	14,782	8,511	16,203	17,559	19,308	22,784	25,136
Invested Capital Turnover	-8.52	62.80	2.24	1.65	2.20	1.52	1.39	3.13	3.34	2.81
Increase / (Decrease) in Invested Capital	84	5,977	9,844	1,162	-6,271	7,692	1,356	1,749	3,476	2,352
Enterprise Value (EV)	13,549	18,111	24,569	21,839	23,401	32,148	33,244	36,658	54,179	60,423
Market Capitalization	12,201	16,804	19,421	16,344	23,465	26,263	27,800	31,491	48,949	54,368
Book Value per Share	$19.64	$19.33	$22.90	$24.59	$28.06	$29.99	$33.40	$37.86	$30.36	$33.39
Tangible Book Value per Share	$19.64	$19.33	$22.90	$24.59	$28.06	$29.99	$33.40	$37.86	$30.36	$33.39
Total Capital	9,737	9,225	16,930	18,543	13,816	21,243	22,026	24,639	30,113	33,402
Total Debt	2,797	2,448	8,879	9,951	4,110	10,853	10,432	11,472	14,235	15,895
Total Long-Term Debt	0.00	0.00	5,946	6,410	0.00	7,509	7,129	7,867	8,625	9,891
Net Debt	1,348	1,307	5,148	5,494	-65	5,885	5,444	5,167	5,230	6,055
Capital Expenditures (CapEx)	1,301	1,522	1,371	1,300	1,380	983	717	719	677	1,562
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,844	-2,624	-997	-1,382	-1,772	-1,283	-1,122	2,773	3,969	4,487
Debt-free Net Working Capital (DFNWC)	-1,396	-1,483	2,735	3,074	2,403	3,686	3,866	9,078	12,973	14,327
Net Working Capital (NWC)	-4,192	-3,931	-199	-467	-1,708	342	563	5,473	7,363	8,323
Net Nonoperating Expense (NNE)	446	-17,411	52	51	70	35	49	258	1,208	895
Net Nonoperating Obligations (NNO)	-9,141	-3,001	5,570	6,189	-1,195	5,813	5,965	6,141	6,905	7,629
Total Depreciation and Amortization (D&A)	907	993	1,108	1,054	1,077	1,049	903	790	924	917
Debt-free, Cash-free Net Working Capital to Revenue	-14.88%	-5.30%	-5.12%	-5.88%	-6.92%	-6.85%	-4.77%	4.81%	5.65%	6.66%
Debt-free Net Working Capital to Revenue	-7.30%	-3.00%	14.06%	13.08%	9.39%	19.68%	16.44%	15.75%	18.47%	21.28%
Net Working Capital to Revenue	-21.93%	-7.94%	-1.02%	-1.99%	-6.67%	1.82%	2.39%	9.50%	10.48%	12.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.01	$0.00	$3.17	$4.17	$4.59	$2.49	$3.55	$5.76	$8.78	$7.92
Adjusted Weighted Average Basic Shares Outstanding	531.90M	0.00	527.85M	526.00	520.35M	520.20M	521.70M	522.60M	523.90M	525.30M
Adjusted Diluted Earnings per Share	$3.01	$0.00	$3.17	$4.16	$4.58	$2.49	$3.55	$5.75	$8.76	$7.90
Adjusted Weighted Average Diluted Shares Outstanding	533.40M	0.00	529.35M	528.00	521.25M	521.10M	522.60M	523.40M	525M	526.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.59	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	527.04M	0.00	527.98M	520.08M	519.53M	520.41M	521.36M	522.51M	523.88M	524.80M
Normalized Net Operating Profit after Tax (NOPAT)	2,050	22,991	1,728	2,229	2,458	1,336	1,915	53,542	65,607	62,240
Normalized NOPAT Margin	10.72%	46.46%	8.88%	9.49%	9.60%	7.13%	8.14%	92.89%	93.38%	92.44%
Pre Tax Income Margin	24.34%	2.28%	11.17%	11.89%	12.11%	8.87%	10.19%	93.89%	93.25%	92.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.52	0.00	15.29	15.62	14.02	9.16	16.78	125.96	66.15	44.75
NOPAT to Interest Expense	17.37	0.00	11.55	11.93	10.66	6.96	12.69	123.77	65.53	43.78
EBIT Less CapEx to Interest Expense	9.49	0.00	6.13	8.67	8.03	4.04	12.03	124.30	65.47	43.65
NOPAT Less CapEx to Interest Expense	6.34	0.00	2.39	4.98	4.67	1.84	7.94	122.11	64.85	42.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.43%	2.55%	33.33%	36.92%	47.68%	95.28%	37.95%	1.89%	2.36%	3.73%
Augmented Payout Ratio	54.99%	2.76%	33.33%	53.19%	52.30%	98.52%	38.03%	1.89%	2.36%	3.74%

This table displays calculated financial ratios and metrics derived from PACCAR's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.15%	452.63%	30.91%	24.06%	23.20%	19.63%	3.20%	-1.23%	-5.25%	-5.96%	-14.90%
EBITDA Growth	66.54%	5,641.79%	18.27%	59.03%	54.55%	19.91%	54.67%	-4.08%	-16.92%	-4.62%	-17.59%
EBIT Growth	94.68%	7,360.49%	18.09%	68.34%	62.42%	19.91%	65.81%	-5.17%	-18.89%	-4.60%	-17.66%
NOPAT Growth	93.16%	9,791.96%	102.09%	69.87%	63.93%	20.07%	-0.79%	-6.81%	-19.48%	-4.73%	-14.66%
Net Income Growth	102.21%	9,769.46%	22.21%	69.50%	59.67%	19.58%	62.87%	-8.07%	-20.87%	-5.16%	-17.43%
EPS Growth	102.21%	9,769.46%	21.74%	70.07%	59.18%	19.27%	62.14%	-8.58%	-20.94%	-5.38%	-57.71%
Operating Cash Flow Growth	140.96%	20.48%	49.10%	52.85%	97.30%	-4.97%	114.52%	-54.89%	-4.23%	21.83%	-38.03%
Free Cash Flow Firm Growth	76.70%	6,039.95%	97.11%	-318.55%	-621.99%	17.30%	-450.91%	-62.02%	-53.47%	-3.08%	-13.04%
Invested Capital Growth	5.72%	9.96%	8.67%	13.89%	15.73%	18.00%	15.83%	15.64%	16.55%	10.32%	10.74%
Revenue Q/Q Growth	-1.39%	423.44%	4.23%	4.81%	-2.08%	408.30%	-3.66%	0.32%	-6.07%	404.51%	-64.20%
EBITDA Q/Q Growth	4.92%	4,164.71%	-16.97%	56.09%	1.97%	3,208.93%	-7.42%	-3.20%	-11.68%	3,698.78%	-76.67%
EBIT Q/Q Growth	5.30%	4,998.23%	-21.18%	68.76%	1.59%	3,663.92%	-7.86%	-3.48%	-13.11%	4,326.96%	-76.93%
NOPAT Q/Q Growth	4.63%	6,588.02%	30.82%	1.55%	0.97%	4,798.47%	-17.12%	-4.62%	-12.76%	5,695.69%	-76.50%
Net Income Q/Q Growth	6.80%	6,553.61%	-20.34%	66.39%	0.61%	4,882.88%	-15.66%	-6.08%	-13.41%	5,872.10%	-77.25%
EPS Q/Q Growth	6.80%	6,553.61%	-20.45%	66.43%	0.43%	4,893.16%	-16.24%	-6.17%	-13.15%	5,875.68%	-99.13%
Operating Cash Flow Q/Q Growth	6.66%	83.46%	-45.16%	42.45%	37.67%	-11.64%	23.79%	-70.05%	192.32%	12.40%	-37.03%
Free Cash Flow Firm Q/Q Growth	26.68%	22,035.30%	57.22%	-273.44%	-26.48%	3,663.66%	4.83%	-9.82%	-19.81%	2,350.49%	-79.87%
Invested Capital Q/Q Growth	0.61%	4.91%	2.28%	5.49%	2.24%	6.97%	0.40%	5.31%	3.04%	1.26%	0.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.41%	145.44%	23.30%	22.80%	23.73%	145.22%	23.31%	22.66%	21.72%	147.97%	100.00%
EBITDA Margin	17.24%	140.48%	13.95%	20.77%	21.63%	140.80%	20.90%	20.17%	18.97%	142.81%	93.05%
Operating Margin	13.87%	139.87%	18.17%	18.06%	18.75%	140.19%	17.91%	17.26%	15.92%	142.18%	93.86%
EBIT Margin	14.37%	139.93%	11.34%	18.26%	18.94%	140.25%	18.22%	17.53%	16.21%	142.27%	91.67%
Profit (Net Income) Margin	10.90%	138.55%	8.66%	13.75%	14.13%	138.48%	13.67%	12.80%	11.80%	139.65%	88.75%
Tax Burden Percent	78.53%	99.51%	79.86%	77.85%	77.29%	99.64%	77.90%	76.85%	77.38%	99.52%	98.97%
Interest Burden Percent	96.61%	99.51%	95.66%	96.74%	96.50%	99.10%	96.33%	95.01%	94.03%	98.63%	97.82%
Effective Tax Rate	21.47%	0.49%	20.14%	22.15%	22.71%	0.36%	22.10%	23.15%	22.62%	0.48%	1.03%
Return on Invested Capital (ROIC)	16.65%	435.20%	23.58%	23.38%	24.96%	466.28%	23.17%	20.84%	18.61%	397.62%	249.43%
ROIC Less NNEP Spread (ROIC-NNEP)	16.66%	431.34%	15.25%	22.91%	24.36%	458.15%	22.76%	20.16%	17.86%	387.03%	240.16%
Return on Net Nonoperating Assets (RNNOA)	7.97%	210.89%	6.97%	9.57%	9.09%	205.78%	8.78%	7.47%	5.89%	168.49%	91.64%
Return on Equity (ROE)	24.63%	646.09%	30.56%	32.95%	34.04%	672.06%	31.95%	28.30%	24.49%	566.11%	341.06%
Cash Return on Invested Capital (CROIC)	9.14%	280.97%	11.03%	8.37%	8.93%	295.21%	9.72%	8.27%	5.83%	249.95%	238.15%
Operating Return on Assets (OROA)	13.80%	256.92%	10.68%	17.61%	18.86%	265.95%	17.15%	15.85%	13.89%	227.41%	142.80%
Return on Assets (ROA)	10.47%	254.39%	8.16%	13.27%	14.06%	262.60%	12.87%	11.57%	10.11%	223.22%	138.25%
Return on Common Equity (ROCE)	24.63%	646.09%	30.56%	32.95%	34.04%	672.06%	31.95%	28.30%	24.49%	566.11%	341.06%
Return on Equity Simple (ROE_SIMPLE)	20.24%	0.00%	22.66%	24.18%	25.62%	0.00%	30.00%	28.04%	25.22%	0.00%	324.92%
Net Operating Profit after Tax (NOPAT)	769	51,426	1,229	1,248	1,260	61,745	1,220	1,163	1,015	58,824	13,826
NOPAT Margin	10.89%	139.18%	14.51%	14.06%	14.49%	139.68%	13.95%	13.26%	12.32%	141.50%	92.89%
Net Nonoperating Expense Percent (NNEP)	-0.01%	3.85%	8.33%	0.47%	0.59%	8.13%	0.41%	0.67%	0.75%	10.59%	9.26%
Return On Investment Capital (ROIC_SIMPLE)	-	208.72%	-	-	-	205.04%	-	-	-	176.11%	41.05%
Cost of Revenue to Revenue	80.59%	-45.44%	76.70%	77.20%	76.27%	-45.22%	76.69%	77.34%	78.28%	-47.97%	0.00%
SG&A Expenses to Revenue	2.42%	2.49%	2.30%	2.05%	2.10%	2.14%	2.13%	2.09%	2.26%	2.24%	2.44%
R&D to Revenue	1.17%	1.19%	1.15%	1.14%	1.19%	1.18%	1.21%	1.33%	1.40%	1.37%	1.55%
Operating Expenses to Revenue	5.54%	5.57%	5.13%	4.74%	4.98%	5.03%	5.40%	5.41%	5.80%	5.79%	6.14%
Earnings before Interest and Taxes (EBIT)	1,014	51,701	961	1,621	1,647	61,996	1,593	1,538	1,336	59,144	13,644
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,217	51,906	1,182	1,845	1,881	62,241	1,828	1,769	1,563	59,367	13,849
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.07	2.39	2.62	2.76	2.65	3.08	3.82	3.04	2.77	3.11	2.84
Price to Tangible Book Value (P/TBV)	2.07	2.39	3.25	3.32	3.11	3.08	4.38	3.04	2.77	3.11	2.84
Price to Revenue (P/Rev)	0.98	0.55	1.18	1.28	1.24	0.70	1.82	1.52	1.49	0.81	0.79
Price to Earnings (P/E)	10.23	0.59	11.55	11.43	10.35	0.76	12.77	10.87	11.03	0.89	0.87
Dividend Yield	3.73%	4.63%	4.05%	3.56%	3.55%	4.53%	3.46%	4.20%	4.40%	4.02%	4.34%
Earnings Yield	9.77%	169.20%	8.66%	8.75%	9.66%	131.56%	7.83%	9.20%	9.07%	112.83%	114.59%
Enterprise Value to Invested Capital (EV/IC)	1.76	1.90	2.14	2.28	2.24	2.38	3.08	2.50	2.33	2.40	2.31
Enterprise Value to Revenue (EV/Rev)	1.18	0.64	1.37	1.46	1.40	0.77	1.99	1.71	1.66	0.90	0.90
Enterprise Value to EBITDA (EV/EBITDA)	7.55	0.66	8.47	8.37	7.55	0.81	9.35	8.07	8.11	0.94	0.95
Enterprise Value to EBIT (EV/EBIT)	9.28	0.67	10.15	9.85	8.77	0.82	10.69	9.25	9.34	0.95	0.96
Enterprise Value to NOPAT (EV/NOPAT)	12.28	0.68	11.51	11.35	10.23	0.83	13.55	11.77	11.89	0.97	0.98
Enterprise Value to Operating Cash Flow (EV/OCF)	11.48	12.11	12.97	13.21	11.24	12.93	14.16	13.56	13.21	13.02	14.31
Enterprise Value to Free Cash Flow (EV/FCFF)	19.74	0.71	20.19	28.96	26.96	0.87	33.99	32.41	43.04	1.01	1.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.87	0.86	0.83	0.81	0.90	0.83	0.81	0.83	0.91	0.87
Long-Term Debt to Equity	0.80	0.60	0.58	0.53	0.49	0.54	0.54	0.52	0.54	0.57	0.55
Financial Leverage	0.48	0.49	0.46	0.42	0.37	0.45	0.39	0.37	0.33	0.44	0.38
Leverage Ratio	2.35	2.54	2.51	2.44	2.37	2.55	2.45	2.38	2.34	2.52	2.38
Compound Leverage Factor	2.27	2.52	2.40	2.36	2.29	2.53	2.36	2.26	2.20	2.49	2.33
Debt to Total Capital	44.60%	46.56%	46.19%	45.50%	44.65%	47.27%	45.40%	44.86%	45.40%	47.59%	46.49%
Short-Term Debt to Total Capital	0.00%	14.63%	14.96%	16.76%	17.34%	18.63%	15.90%	16.36%	16.08%	17.97%	16.89%
Long-Term Debt to Total Capital	44.60%	31.93%	31.23%	28.74%	27.31%	28.64%	29.50%	28.51%	29.32%	29.61%	29.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.40%	53.44%	53.81%	54.50%	55.35%	52.73%	54.60%	55.14%	54.60%	52.41%	53.51%
Debt to EBITDA	2.42	0.21	2.39	2.22	2.04	0.21	1.86	1.93	2.18	0.25	0.25
Net Debt to EBITDA	1.31	0.09	1.18	1.02	0.83	0.08	0.80	0.86	0.86	0.09	0.12
Long-Term Debt to EBITDA	2.42	0.14	1.62	1.40	1.25	0.13	1.21	1.23	1.40	0.15	0.16
Debt to NOPAT	3.94	0.21	3.25	3.01	2.77	0.22	2.70	2.82	3.19	0.26	0.26
Net Debt to NOPAT	2.13	0.10	1.60	1.38	1.13	0.08	1.15	1.25	1.27	0.10	0.12
Long-Term Debt to NOPAT	3.94	0.15	2.20	1.90	1.69	0.13	1.75	1.79	2.06	0.16	0.17
Altman Z-Score	2.75	8.56	2.63	2.80	2.85	8.67	3.30	3.21	3.03	8.11	4.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.26	2.00	1.14	1.13	1.16	2.09	1.17	2.66	2.80	2.30	2.64
Quick Ratio	1.55	1.50	0.81	0.82	0.87	1.66	0.89	2.04	2.21	1.85	2.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-226	49,677	-346	-1,293	-1,635	58,269	-1,907	-2,094	-2,509	56,472	11,368
Operating Cash Flow to CapEx	386.76%	938.95%	525.56%	735.12%	663.87%	560.29%	568.50%	138.41%	795.42%	175.53%	893.33%
Free Cash Flow to Firm to Interest Expense	-4.06	170.95	-3.69	-11.19	-11.81	89.18	-11.92	-12.14	-13.32	62.70	29.82
Operating Cash Flow to Interest Expense	12.20	4.30	7.30	8.45	9.70	1.82	9.18	2.55	6.83	1.61	2.39
Operating Cash Flow Less CapEx to Interest Expense	9.04	3.84	5.91	7.30	8.24	1.49	7.57	0.71	5.97	0.69	2.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	1.84	0.94	0.96	1.00	1.90	0.94	0.90	0.86	1.60	1.56
Accounts Receivable Turnover	15.67	32.98	14.42	15.10	15.82	34.12	14.88	13.89	15.47	32.59	28.00
Inventory Turnover	9.13	0.00	10.14	10.33	10.59	0.00	10.13	9.84	10.19	0.00	0.00
Fixed Asset Turnover	4.33	16.79	8.89	9.34	7.07	19.38	9.69	9.41	9.10	17.34	16.34
Accounts Payable Turnover	5.07	0.00	4.24	4.41	4.95	0.00	4.17	4.24	4.22	0.00	0.00
Days Sales Outstanding (DSO)	23.29	11.07	25.31	24.17	23.08	10.70	24.53	26.28	23.59	11.20	13.04
Days Inventory Outstanding (DIO)	39.99	0.00	35.98	35.33	34.48	0.00	36.04	37.11	35.81	0.00	0.00
Days Payable Outstanding (DPO)	71.92	0.00	86.05	82.84	73.67	0.00	87.63	86.03	86.40	0.00	0.00
Cash Conversion Cycle (CCC)	-8.64	11.07	-24.75	-23.34	-16.12	10.70	-27.06	-22.64	-27.00	11.20	13.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,404	19,308	19,749	20,833	21,299	22,784	22,876	24,091	24,824	25,136	25,333
Invested Capital Turnover	1.53	3.13	1.63	1.66	1.72	3.34	1.66	1.57	1.51	2.81	2.69
Increase / (Decrease) in Invested Capital	995	1,749	1,576	2,541	2,896	3,476	3,127	3,258	3,524	2,352	2,457
Enterprise Value (EV)	32,314	36,658	42,196	47,418	47,776	54,179	70,419	60,171	57,890	60,423	58,411
Market Capitalization	26,699	31,491	36,330	41,664	42,500	48,949	64,415	53,783	51,730	54,368	51,100
Book Value per Share	$37.08	$37.86	$26.57	$28.86	$30.65	$30.36	$32.14	$33.77	$35.60	$33.39	$34.34
Tangible Book Value per Share	$37.08	$37.86	$21.39	$24.04	$26.18	$30.36	$28.04	$33.77	$35.60	$33.39	$34.34
Total Capital	23,271	24,639	25,798	27,669	28,949	30,113	30,902	32,108	34,184	33,402	33,677
Total Debt	10,378	11,472	11,916	12,590	12,926	14,235	14,030	14,405	15,520	15,895	15,655
Total Long-Term Debt	10,378	7,867	8,057	7,953	7,906	8,625	9,115	9,153	10,023	9,891	9,968
Net Debt	5,615	5,167	5,867	5,754	5,276	5,230	6,004	6,388	6,160	6,055	7,311
Capital Expenditures (CapEx)	176	133	130	133	202	212	258	318	162	824	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	739	2,773	-774	-768	-838	3,969	-1,056	5,964	5,564	4,487	5,688
Debt-free Net Working Capital (DFNWC)	5,501	9,078	5,276	6,068	6,812	12,973	6,970	13,981	14,923	14,327	14,032
Net Working Capital (NWC)	5,501	5,473	1,417	1,431	1,792	7,363	2,055	8,729	9,427	8,323	8,345
Net Nonoperating Expense (NNE)	-0.47	233	496	27	32	530	24	41	43	770	617
Net Nonoperating Obligations (NNO)	5,510	6,141	5,867	5,754	5,276	6,905	6,004	6,388	6,160	7,629	7,311
Total Depreciation and Amortization (D&A)	203	205	221	223	234	246	235	232	227	223	205
Debt-free, Cash-free Net Working Capital to Revenue	2.70%	4.81%	-2.51%	-2.36%	-2.45%	5.65%	-2.98%	16.90%	15.97%	6.66%	8.79%
Debt-free Net Working Capital to Revenue	20.10%	15.75%	17.12%	18.65%	19.93%	18.47%	19.69%	39.62%	42.84%	21.28%	21.68%
Net Working Capital to Revenue	20.10%	9.50%	4.60%	4.40%	5.24%	10.48%	5.81%	24.74%	27.06%	12.36%	12.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.47	$65.31	$1.40	$2.33	$2.35	$116.84	$2.28	$2.14	$1.85	$110.55	$0.96
Adjusted Weighted Average Basic Shares Outstanding	522.60M	783.90M	523.50M	523.80M	524.10M	523.90M	524.90M	525.30M	525.40M	525.30M	525.90M
Adjusted Diluted Earnings per Share	$1.47	$65.31	$1.40	$2.33	$2.34	$116.84	$2.27	$2.13	$1.85	$110.55	$0.96
Adjusted Weighted Average Diluted Shares Outstanding	523.35M	785.10M	524.40M	524.80M	525.30M	525M	526.30M	526.60M	526.50M	526.60M	526.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$65.31	$0.00	$0.00	$0.00	$116.84	$0.00	$0.00	$0.00	$110.55	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	521.65M	783.77M	522.58M	522.81M	523.08M	523.88M	524.15M	524.22M	524.30M	524.80M	524.96M
Normalized Net Operating Profit after Tax (NOPAT)	769	51,426	1,229	1,248	1,260	61,745	1,220	1,163	1,015	58,824	13,826
Normalized NOPAT Margin	10.89%	139.18%	14.51%	14.06%	14.49%	139.68%	13.95%	13.26%	12.32%	141.50%	92.89%
Pre Tax Income Margin	13.88%	139.24%	10.85%	17.66%	18.28%	138.99%	17.55%	16.65%	15.25%	140.32%	89.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.17	177.91	10.24	14.04	11.89	94.88	9.96	8.91	7.09	65.66	35.79
NOPAT to Interest Expense	13.78	176.97	13.11	10.81	9.10	94.50	7.62	6.74	5.39	65.31	36.27
EBIT Less CapEx to Interest Expense	15.02	177.45	8.85	12.89	10.43	94.56	8.34	7.07	6.23	64.75	35.53
NOPAT Less CapEx to Interest Expense	10.63	176.51	11.72	9.66	7.64	94.17	6.01	4.90	4.53	64.40	36.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.10%	1.89%	46.76%	40.68%	36.69%	2.36%	44.05%	45.46%	48.27%	3.73%	3.79%
Augmented Payout Ratio	38.18%	1.89%	46.86%	40.77%	36.77%	2.36%	44.14%	45.55%	48.38%	3.74%	3.80%

Key Financial Trends

PACCAR Inc. has demonstrated strong financial performance and stability over the past several quarters, as reflected in its recent income statements, balance sheets, and cash flow statements.

Strong revenue growth in Q1 2025 with operating revenue reaching $14.88 billion, showing solid business activity.
High gross profit margins maintained, with Q1 2025 gross profit at $14.88 billion, indicating effective cost management on revenue.
Net income attributable to common shareholders for Q1 2025 is $13.2 billion, reflecting strong profitability.
Consistent earnings per share around $0.96 (Q1 2025) supporting shareholder value, along with steady dividends increasing from $0.25 per share in Q4 2022 to $0.33 in Q1 2025.
Robust cash reserves, with cash and equivalents increasing to $5.52 billion in Q1 2025, a sign of liquidity strength.
Operating cash flow of $910 million in Q1 2025 signals good cash generation from core business operations.
Capital expenditures remain significant with $302 million spent on property and equipment in Q1 2025, reflecting ongoing investment in business growth and capacity.
Significant levels of short-term and long-term debt are present ($5.69 billion short-term, $9.97 billion long-term in Q1 2025), which the company is actively managing through repayments and issuances.
Net cash outflow from financing activities in Q1 2025 at $2.13 billion suggests heavy debt repayments and dividend payments which may pressure cash balances if continued aggressively.
The decline in net cash and equivalents by approximately $1.54 billion in Q1 2025, reflecting the balance between investing activities and financing cash outflows.

Trend Analysis: PACCAR shows sustained strong revenue and profitability growth over the last 4 years with Q1 2025 continuing this trend. The company consistently generates positive operating cash flows, which is a positive indicator of core business strength. However, the balance sheet reveals considerable outstanding debt and shareholder payouts which, if unmanaged, could affect financial flexibility. The company’s investments in property, plant, and equipment demonstrate a focus on growth and maintaining operational capacity.

Overall, PACCAR’s financial performance is robust, with strong earnings and liquidity, but investors should watch its debt levels and cash flow management closely.

08/05/25 04:58 AMAI Generated. May Contain Errors.

Frequently Asked Questions About PACCAR's Financials

When does PACCAR's financial year end?

According to the most recent income statement we have on file, PACCAR's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has PACCAR's net income changed over the last 9 years?

PACCAR's net income appears to be on an upward trend, with a most recent value of $61.34 billion in 2024, rising from $1.60 billion in 2015. The previous period was $64.40 billion in 2023. See where experts think PACCAR is headed by visiting PACCAR's forecast page.

What is PACCAR's operating income?

PACCAR's total operating income in 2024 was $63.50 billion, based on the following breakdown:

Total Gross Profit: $67.33 billion
Total Operating Expenses: $3.83 billion

How has PACCAR's revenue changed over the last 9 years?

Over the last 9 years, PACCAR's total revenue changed from $19.12 billion in 2015 to $67.33 billion in 2024, a change of 252.2%.

How much debt does PACCAR have?

PACCAR's total liabilities were at $25.91 billion at the end of 2024, a 3.9% increase from 2023, and a 246.2% increase since 2015.

How much cash does PACCAR have?

In the past 9 years, PACCAR's cash and equivalents has ranged from $0.00 in 2015 to $7.18 billion in 2023, and is currently $7.06 billion as of their latest financial filing in 2024.

How has PACCAR's book value per share changed over the last 9 years?

Over the last 9 years, PACCAR's book value per share changed from 19.64 in 2015 to 33.39 in 2024, a change of 70.1%.

Related Companies

This page (NASDAQ:PCAR) was last updated on 8/5/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

PACCAR (PCAR) Financials

Key Financial Trends

Frequently Asked Questions About PACCAR's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

PACCAR (PCAR) Financials

Annual Income Statements for PACCAR

Quarterly Income Statements for PACCAR

Annual Cash Flow Statements for PACCAR

Quarterly Cash Flow Statements for PACCAR

Annual Balance Sheets for PACCAR

Quarterly Balance Sheets for PACCAR

Annual Metrics And Ratios for PACCAR

Quarterly Metrics And Ratios for PACCAR

Key Financial Trends

Frequently Asked Questions About PACCAR's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools