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PACCAR (PCAR) Financials

PACCAR logo
$132.68 0.00 (0.00%)
Closing price 07/31/2026 04:00 PM Eastern
Extended Trading
$132.88 +0.19 (+0.15%)
As of 07/31/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for PACCAR

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,604 32,569 1,675 2,195 2,388 1,244 1,866 53,283 4,601 4,162 2,376
Consolidated Net Income / (Loss)		 1,604 32,569 1,675 2,179 2,388 1,301 1,866 53,283 4,601 4,162 2,376
Net Income / (Loss) Continuing Operations		 1,592 32,569 1,675 2,179 2,388 1,244 1,866 53,283 4,601 4,162 2,376
Total Pre-Tax Income 		4,652 1,130 2,173 2,794 3,099 1,662 2,396 54,120 5,718 5,401 3,024
Total Operating Income		 2,433 32,844 2,241 2,859 3,190 1,706 2,460 54,383 6,447 5,603 3,745
Total Gross Profit		 3,798 35,935 3,805 4,538 5,013 3,598 4,430 57,639 8,233 7,594 5,708
Total Revenue		 19,115 49,487 19,456 23,496 25,600 18,729 23,522 57,639 35,127 33,664 28,445
Operating Revenue		 19,115 49,487 19,456 23,496 25,600 18,729 23,522 57,639 35,127 33,664 28,445
Total Cost of Revenue		 15,317 13,552 15,651 18,958 20,586 15,130 19,092 0.00 26,894 26,070 22,737
Operating Cost of Revenue		 15,292 13,534 15,629 18,925 20,556 15,073 19,092 - 26,894 26,070 22,737
Total Operating Expenses		 1,365 3,091 1,564 1,679 1,823 1,892 1,970 3,257 1,786 1,991 1,963
Selling, General & Admin Expense		 542 543 572 645 699 581 677 1,453 753 744 736
Research & Development Expense		 240 247 265 306 327 274 324 682 411 453 446
Depreciation Expense		 584 - 728 728 0.00 0.00 0.00 561 591 719 658
Other Operating Expenses / (Income)		 - 2,301 - - 798 1,037 969 561 31 76 125
Total Other Income / (Expense), net		 -109 334 -68 -65 -106 -102 -63 -263 -729 -202 -721
Interest Expense		 118 -299 150 187 231 192 151 433 501 711 783
Interest & Investment Income		 22 28 35 61 82 36 16 61 292 395 346
Other Income / (Expense), net		 -12 6.90 46 61 42 54 73 109 -520 114 -284
Income Tax Expense		 733 609 498 615 711 360 531 837 1,117 1,239 648
Basic Earnings per Share		 $4.52 $1.49 $4.76 $6.25 $6.88 $2.50 $3.58 $5.76 $8.78 $7.92 $4.52
Weighted Average Basic Shares Outstanding		 354.60M 351.10 351.90M 351M 346.90M 520.20M 521.70M 522.60M 523.90M 525.30M 525.90M
Diluted Earnings per Share		 $4.51 $1.48 $4.75 $6.24 $6.87 $2.50 $3.57 $5.75 $8.76 $7.90 $4.51
Weighted Average Diluted Shares Outstanding		 355.60M 351.80 352.90M 351.80M 347.50M 521.20M 522.70M 523.40M 525M 526.60M 526.80M
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 525.89M
Cash Dividends to Common per Share		 - - - - - - - $2.80 $4.24 $4.17 $2.72

Quarterly Income Statements for PACCAR

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 61,215 15,997 16,056 15,020 58,071 505 724 12,007 557 605 752
Consolidated Net Income / (Loss)		 61,215 15,997 16,056 15,020 58,055 505 724 12,007 557 605 752
Net Income / (Loss) Continuing Operations		 61,215 15,997 16,056 15,020 58,071 505 724 12,007 557 605 752
Total Pre-Tax Income 		61,439 16,336 16,394 15,304 58,332 643 932 12,160 705 776 982
Total Operating Income		 61,971 16,544 16,596 15,524 59,105 1,076 1,039 12,438 793 857 1,059
Total Gross Profit		 64,193 17,489 17,544 16,480 61,511 1,551 1,515 13,344 1,316 1,360 1,558
Total Revenue		 44,204 17,489 17,544 16,480 41,571 7,442 7,511 13,344 6,821 6,777 7,547
Operating Revenue		 44,204 17,489 17,544 16,480 41,571 7,442 7,511 13,344 6,821 6,777 7,547
Total Cost of Revenue		 -19,989 0.00 0.00 0.00 -19,940 5,891 5,995 0.00 5,505 5,417 5,989
Operating Cost of Revenue		 - - - - - 5,891 5,995 - 5,505 5,417 5,989
Total Operating Expenses		 2,222 945 948 956 2,406 475 476 906 523 503 499
Selling, General & Admin Expense		 947 373 367 373 931 182 179 360 195 189 180
Research & Development Expense		 520 211 234 230 568 115 113 222 106 109 114
Depreciation Expense		 591 180 174 177 719 160 155 162 181 160 165
Other Operating Expenses / (Income)		 164 180 174 177 188 18 29 162 41 44 39
Total Other Income / (Expense), net		 -529 -208 -202 -220 -757 -433 -107 -278 -88 -81 -78
Interest Expense		 653 320 345 377 901 191 200 402 -135 183 180
Interest & Investment Income		 100 86 96 109 105 84 84 91 88 80 86
Other Income / (Expense), net		 24 27 47 49 39 -326 9.50 34 -311 21 16
Income Tax Expense		 224 339 338 284 277 138 208 154 148 171 230
Basic Earnings per Share		 $116.84 $2.28 $2.14 $1.85 $110.55 $0.96 $1.38 $1.12 $1.06 $1.15 $1.43
Weighted Average Basic Shares Outstanding		 523.90M 524.90M 525.30M 525.40M 525.30M 525.90M 525.90M 525.90M 525.90M 526.70M 527M
Diluted Earnings per Share		 $116.84 $2.27 $2.13 $1.85 $110.55 $0.96 $1.37 $1.12 $1.06 $1.15 $1.43
Weighted Average Diluted Shares Outstanding		 525M 526.30M 526.60M 526.50M 526.60M 526.90M 526.70M 526.70M 526.80M 527.40M 527.60M
Weighted Average Basic & Diluted Shares Outstanding		 523.88M 524.15M 524.22M 524.30M 524.80M 524.96M 525.10M 525.20M 525.89M 526.29M 526.36M

Annual Cash Flow Statements for PACCAR

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 279 -101 449 1,133 739 -636 -111 1,263 2,491 -121 -753
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 4,416
Net Cash From Continuing Operating Activities		 2,556 2,301 2,716 2,992 2,860 2,987 2,187 3,027 4,190 4,641 4,416
Net Income / (Loss) Continuing Operations		 1,604 522 1,675 2,195 2,388 1,301 1,866 3,012 4,601 4,162 2,376
Consolidated Net Income / (Loss)		 1,604 522 1,675 2,195 2,388 1,301 1,866 3,012 4,601 4,162 2,376
Depreciation Expense		 907 993 1,108 1,054 1,077 1,049 903 790 924 917 827
Non-Cash Adjustments To Reconcile Net Income		 -3.90 -137 -4.70 -37 6.30 -136 -4.30 -20 51 61 161
Changes in Operating Assets and Liabilities, net		 49 923 -62 -220 -611 773 -578 -755 -1,385 -499 1,052
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 -2,267
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 -2,267
Purchase of Property, Plant & Equipment		 -1,725 -1,965 -1,847 -1,953 -1,971 -1,638 -1,621 -1,406 -1,292 -2,258 -1,387
Acquisitions		 - - - - - - - 0.00 0.00 -208 -202
Purchase of Investments		 -4,394 -3,858 -4,087 -4,475 -4,932 -4,760 -5,474 -5,947 -7,345 -8,735 -7,900
Sale of Property, Plant & Equipment		 424 443 476 654 590 655 904 688 615 696 676
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 6,549
Other Investing Activities, net		 3.10 0.50 0.00 -1.90 1.10 17 -13 27 18 74 -3.40
Net Cash From Financing Activities		 -197 -824 -394 71 83 -1,809 -883 305 1,102 -123 -3,082
Net Cash From Continuing Financing Activities		 -197 -824 -394 71 83 -1,809 -883 305 1,102 -123 -3,082
Repayment of Debt		 -1,329 -1,948 -1,897 -1,755 -1,790 -1,899 -2,337 -2,266 -512 -1,773 -3,969
Repurchase of Common Equity		 -202 -71 0.00 -354 -110 -42 -1.50 -2.10 -3.50 -4.50 -36
Payment of Dividends		 -681 -829 -558 -804 -1,139 -1,240 -708 -1,005 -1,519 -2,289 -2,267
Issuance of Debt		 1,993 1,995 2,022 2,966 3,061 1,318 2,126 3,542 3,085 3,891 3,146
Issuance of Common Equity		 22 29 39 19 61 54 38 36 52 52 43
Effect of Exchange Rate Changes		 - -14 92 - 2.90 62 -52 -36 70 -151 181

Quarterly Cash Flow Statements for PACCAR

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 1,275 -987 -323 978 212 -1,543 32 754 4.00 -663 -70
Net Cash From Operating Activities		 1,187 1,469 440 1,286 1,446 910 833 1,528 1,144 972 701
Net Cash From Continuing Operating Activities		 1,224 1,469 440 1,286 1,446 910 833 1,528 1,144 972 701
Net Income / (Loss) Continuing Operations		 1,417 1,195 1,123 972 872 505 724 590 557 605 752
Consolidated Net Income / (Loss)		 1,417 1,195 1,123 972 872 505 724 590 557 605 752
Depreciation Expense		 246 235 232 227 223 205 207 206 209 200 215
Non-Cash Adjustments To Reconcile Net Income		 -135 8.00 5.90 -17 64 43 -21 89 44 58 39
Changes in Operating Assets and Liabilities, net		 -304 31 -920 104 286 157 -77 643 334 109 -306
Net Cash From Investing Activities		 -940 -526 -1,044 -1,186 -1,732 -393 -618 -503 -754 -75 -357
Net Cash From Continuing Investing Activities		 -940 -526 -1,044 -1,186 -1,732 -393 -618 -503 -754 -75 -357
Purchase of Property, Plant & Equipment		 -348 -428 -502 -330 -998 -302 -392 -454 -239 -318 -392
Purchase of Investments		 -1,991 -1,758 -2,191 -2,303 -2,483 -1,737 -2,064 -1,941 -2,158 -1,749 -1,874
Sale of Property, Plant & Equipment		 136 169 184 169 175 200 153 148 176 229 189
Sale and/or Maturity of Investments		 1,263 1,491 1,517 1,353 1,582 1,495 1,686 1,744 1,625 1,825 1,720
Net Cash From Financing Activities		 943 -1,880 301 813 643 -2,135 -291 -262 -395 -1,552 -407
Net Cash From Continuing Financing Activities		 943 -1,880 301 813 643 -2,135 -291 -262 -395 -1,552 -407
Repayment of Debt		 1,706 -1,110 -181 -806 -376 -1,103 -1,250 -614 -1,001 -1,133 -1,250
Payment of Dividends		 -141 -1,817 -157 -157 -157 -1,747 -173 -173 -173 -909 -184
Issuance of Debt		 -630 1,015 632 1,774 1,170 698 1,161 519 769 453 1,023
Issuance of Common Equity		 8.40 35 6.90 3.00 6.60 23 2.30 6.30 12 42 4.90
Effect of Exchange Rate Changes		 86 -50 -20 64 -145 74 107 -8.50 8.10 -8.20 -7.40

Annual Balance Sheets for PACCAR

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 2025
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 12/31/2025
Total Assets		 21,110 20,639 23,440 25,482 27,963 27,946 29,509 33,276 40,823 43,419 44,336
Total Current Assets		 5,299 2,229 6,193 7,320 7,022 7,904 9,272 10,960 14,115 14,702 14,326
Cash & Equivalents		 2,016 - 2,365 3,436 4,175 3,540 3,428 4,691 7,182 7,061 6,308
Short-Term Investments		 1,448 1,141 1,367 1,020 - 1,429 1,559 1,614 1,823 2,779 3,208
Accounts Receivable		 879 862 1,128 1,314 1,306 1,198 1,575 1,920 2,198 1,934 1,981
Inventories, net		 797 - 928 1,185 1,153 1,222 1,976 2,199 2,577 2,367 2,188
Other Current Assets		 246 226 404 365 388 516 733 682 681 751 904
Plant, Property, & Equipment, net		 5,549 5,898 6,606 6,123 5,768 6,541 3,398 3,468 3,780 3,986 4,505
Total Noncurrent Assets		 10,175 1,032 10,641 12,040 13,645 13,501 16,840 18,701 22,584 24,542 25,243
Noncurrent Note & Lease Receivables		 9,304 - 9,697 10,841 12,086 11,821 11,921 13,792 17,572 19,314 19,755
Other Noncurrent Operating Assets		 871 1,032 944 1,199 1,559 1,681 4,919 4,910 5,012 5,227 5,488
Total Liabilities & Shareholders' Equity		 21,110 20,639 23,440 25,482 28,361 28,260 29,509 33,276 40,823 43,419 44,336
Total Liabilities		 14,169 6,899 15,390 16,890 18,655 17,870 17,915 20,108 24,945 25,912 25,072
Total Current Liabilities		 2,564 6,160 6,392 7,787 8,730 7,562 8,709 5,486 6,751 6,379 5,612
Short-Term Debt		 2,797 2,448 2,934 3,541 4,110 3,344 3,303 3,605 5,610 6,004 4,990
Accounts Payable		 2,429 2,429 3,036 3,551 3,823 3,975 4,555 5,339 6,069 5,912 5,784
Dividends Payable		 493 210 422 695 797 243 521 975 1,675 1,574 736
Total Noncurrent Liabilities		 7,404 739 8,998 9,103 9,925 10,308 9,207 10,190 11,591 12,423 13,563
Long-Term Debt		 5,795 - 5,946 6,410 - 7,509 7,129 7,867 8,625 9,891 10,647
Noncurrent Deferred & Payable Income Tax Liabilities		 889 - 774 705 790 855 590 624 702 577 637
Other Noncurrent Operating Liabilities		 720 739 940 1,146 8,548 1,487 1,488 1,490 2,122 1,954 2,279
Total Equity & Noncontrolling Interests		 6,940 6,778 8,051 8,593 9,706 10,390 11,594 13,167 15,879 17,507 19,264
Total Preferred & Common Equity		 6,940 6,778 8,051 8,593 9,706 10,390 11,594 13,167 15,879 17,507 19,264
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		 6,940 6,778 8,051 8,593 9,706 10,390 11,594 13,167 15,879 17,507 19,264
Common Stock		 421 421 475 416 408 435 489 718 792 869 905
Retained Earnings		 7,537 7,485 8,369 9,275 10,399 11,005 12,026 13,402 15,780 17,751 18,696
Treasury Stock		 - - - - - - - - 0.00 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 -337

Quarterly Balance Sheets for PACCAR

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 38,040 40,823 40,374 41,177 43,282 43,419 42,725 44,095 44,201 43,554 43,980
Total Current Assets		 13,286 14,115 13,802 14,000 14,663 14,702 13,448 13,852 14,545 13,899 14,386
Cash & Equivalents		 5,906 7,182 6,195 5,872 6,849 7,061 5,518 5,550 6,304 5,645 5,575
Short-Term Investments		 1,743 1,823 1,831 2,146 2,511 2,779 2,827 2,914 2,947 3,214 3,260
Accounts Receivable		 2,304 2,198 2,411 2,731 2,199 1,934 2,212 2,210 2,090 2,257 2,376
Inventories, net		 2,622 2,577 2,743 2,783 2,645 2,367 2,376 2,457 2,297 2,223 2,384
Other Current Assets		 711 681 622 682 666 751 760 906 1,089 823 958
Plant, Property, & Equipment, net		 3,614 3,780 3,797 3,896 4,041 3,986 4,127 4,397 4,442 4,519 4,520
Total Noncurrent Assets		 21,140 22,584 22,775 23,068 24,371 24,542 24,906 25,662 25,032 24,873 24,908
Noncurrent Note & Lease Receivables		 16,260 17,572 17,873 18,113 19,294 19,314 19,611 20,193 20,015 19,342 19,312
Other Noncurrent Operating Assets		 2,543 5,012 2,746 4,955 5,077 5,227 5,294 5,469 5,017 5,532 5,595
Total Liabilities & Shareholders' Equity		 38,040 40,823 40,374 41,177 43,282 43,419 42,725 44,095 44,201 43,554 43,980
Total Liabilities		 22,016 24,945 23,502 23,474 24,618 25,912 24,703 25,152 24,833 23,797 23,659
Total Current Liabilities		 11,494 6,751 11,747 5,271 5,236 6,379 5,103 5,174 5,140 5,101 5,159
Short-Term Debt		 5,019 5,610 4,915 5,252 5,497 6,004 5,687 5,101 5,078 4,756 4,789
Accounts Payable		 6,312 6,069 6,705 6,380 6,397 5,912 6,229 6,249 6,073 6,003 6,081
Dividends Payable		 0.00 1,675 0.00 0.00 0.00 1,574 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Liabilities		 10,523 11,591 11,755 11,842 12,724 12,423 12,786 13,803 13,681 13,038 12,789
Long-Term Debt		 7,906 8,625 9,115 9,153 10,023 9,891 9,968 10,838 10,773 10,190 9,908
Noncurrent Deferred & Payable Income Tax Liabilities		 645 702 647 611 627 577 583 654 664 651 673
Other Noncurrent Operating Liabilities		 1,971 2,122 1,993 1,962 1,978 1,874 2,235 2,311 2,244 2,197 2,209
Total Equity & Noncontrolling Interests		 16,023 15,879 16,872 17,703 18,664 17,507 18,022 18,943 19,369 19,757 20,321
Total Preferred & Common Equity		 16,023 15,879 16,872 17,703 18,664 17,507 18,022 18,943 19,369 19,757 20,321
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		 16,023 15,879 16,872 17,703 18,664 17,507 18,022 18,943 19,369 19,757 20,321
Common Stock		 781 792 842 854 860 869 907 915 924 963 973
Retained Earnings		 16,182 15,780 16,834 17,799 18,613 17,751 18,083 18,633 19,049 19,128 19,695
Treasury Stock		 -3.10 0.00 -4.00 -4.00 -4.50 0.00 -4.30 -35 -35 -4.80 -4.80
Accumulated Other Comprehensive Income / (Loss)		 -938 -694 -800 -945 -805 -1,113 -963 -570 -569 -329 -342

Annual Metrics And Ratios for PACCAR

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.62% 158.89% -60.68% 20.76% 8.95% -26.84% 25.60% 145.04% 21.89% -4.17% -15.50%
EBITDA Growth		 9.23% 916.94% -89.97% 17.05% 8.44% -34.81% 22.29% 1,509.14% 21.47% -3.90% -35.37%
EBIT Growth		 13.71% 1,256.96% -93.04% 27.63% 10.70% -45.54% 43.86% 2,051.96% 21.53% -3.95% -39.47%
NOPAT Growth		 41.57% 639.49% -88.60% 29.05% 10.25% -45.64% 43.32% 2,696.23% 22.53% -5.13% -31.85%
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% -42.92%
EPS Growth		 18.06% -67.18% 220.95% 31.37% 10.10% -45.51% 43.37% 2,756.24% 52.35% -9.82% -42.91%
Operating Cash Flow Growth		 20.36% -9.98% 18.04% 10.18% -4.41% 4.44% -26.80% 38.43% 38.42% 10.76% -4.85%
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% -0.39%
Invested Capital Growth		 3.67% 271.62% 260.68% 8.53% -42.42% 90.37% 8.37% 9.96% 18.00% 10.32% 3.92%
Revenue Q/Q Growth		 -3.22% 185.62% -64.85% 33.04% -0.63% 1.13% 1.55% 110.54% 105.54% 93.29% -3.68%
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% -13.47%
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% -15.88%
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% -8.30%
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% -11.71%
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% -11.91%
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% -6.39%
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% -5.08%
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% 0.58%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.87% 72.62% 19.56% 19.31% 19.58% 19.21% 18.83% 100.00% 100.00% 100.00% 20.07%
EBITDA Margin		 17.41% 68.39% 17.45% 16.91% 16.83% 15.00% 14.61% 95.91% 95.58% 95.84% 15.07%
Operating Margin		 12.73% 66.37% 11.52% 12.17% 12.46% 9.11% 10.46% 94.35% 95.00% 94.31% 13.16%
EBIT Margin		 12.66% 66.38% 11.76% 12.43% 12.63% 9.40% 10.77% 94.54% 94.26% 94.48% 12.17%
Profit (Net Income) Margin		 8.39% 65.81% 8.61% 9.27% 9.33% 6.95% 7.93% 92.44% 91.66% 91.11% 8.35%
Tax Burden Percent		 34.48% 2,881.16% 77.08% 77.98% 77.05% 78.31% 77.85% 98.45% 98.29% 98.02% 78.58%
Interest Burden Percent		 192.18% 3.44% 95.00% 95.68% 95.89% 94.40% 94.63% 99.32% 98.93% 98.39% 87.37%
Effective Tax Rate		 15.76% 53.85% 22.92% 22.02% 22.95% 21.69% 22.15% 1.55% 1.71% 1.98% 21.42%
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% 11.48%
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% 3.66%
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% 1.44%
Return on Equity (ROE)		 23.43% 474.83% 22.59% 26.18% 26.10% 12.95% 16.97% 430.38% 443.42% 367.49% 12.92%
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% 7.64%
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% 7.89%
Return on Assets (ROA)		 7.69% 156.02% 7.60% 8.91% 8.94% 4.65% 6.49% 169.73% 173.82% 145.64% 5.41%
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% 12.92%
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% 0.00%
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 2,943
NOPAT Margin		 10.72% 30.63% 8.88% 9.49% 9.60% 7.13% 8.14% 92.89% 93.38% 92.44% 10.34%
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% 7.82%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 217.31% 217.87% 186.34% 8.43%
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% 79.93%
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% 2.59%
R&D to Revenue		 1.25% 0.50% 1.36% 1.30% 1.28% 1.46% 1.38% 1.18% 1.17% 1.35% 1.57%
Operating Expenses to Revenue		 7.14% 6.25% 8.04% 7.15% 7.12% 10.10% 8.38% 5.65% 5.00% 5.69% 6.90%
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 3,460
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 4,288
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 2.98
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 2.98
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 2.02
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 24.15
Dividend Yield		 6.72% 2.50% 2.25% 6.61% 5.28% 2.61% 3.55% 4.63% 4.53% 4.02% 2.49%
Earnings Yield		 13.15% 193.81% 8.63% 13.43% 10.18% 4.74% 6.71% 169.20% 131.56% 112.83% 4.14%
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 2.43
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 2.23
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 14.81
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 18.35
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 21.58
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 14.38
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 32.42
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 0.81
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 0.55
Financial Leverage		 -1.33 -0.89 0.17 0.71 0.27 0.23 0.54 0.49 0.45 0.44 0.39
Leverage Ratio		 3.05 3.04 2.97 2.94 2.92 2.78 2.61 2.54 2.55 2.52 2.39
Compound Leverage Factor		 5.86 0.10 2.82 2.81 2.80 2.63 2.47 2.52 2.52 2.48 2.09
Debt to Total Capital		 28.72% 26.53% 52.45% 53.66% 29.75% 51.09% 47.36% 46.56% 47.27% 47.59% 44.80%
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% 14.30%
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% 30.51%
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		 71.28% 73.47% 47.55% 46.34% 70.25% 48.91% 52.64% 53.44% 52.73% 52.41% 55.20%
Debt to EBITDA		 0.84 0.07 2.62 2.50 0.95 3.86 3.04 0.21 0.21 0.25 3.65
Net Debt to EBITDA		 0.41 0.04 1.52 1.38 -0.02 2.09 1.58 0.09 0.08 0.09 1.43
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 2.48
Debt to NOPAT		 1.36 0.16 5.14 4.46 1.67 8.12 5.45 0.21 0.22 0.26 5.31
Net Debt to NOPAT		 0.66 0.09 2.98 2.46 -0.03 4.40 2.84 0.10 0.08 0.10 2.08
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 3.62
Altman Z-Score		 2.52 9.39 2.40 2.37 2.50 2.33 2.60 8.84 9.01 8.45 3.10
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		 0.38 0.36 0.97 0.94 0.80 1.05 1.06 2.00 2.09 2.30 2.55
Quick Ratio		 0.34 0.33 0.76 0.74 0.63 0.82 0.75 1.50 1.66 1.85 2.05
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 1,958
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% 621.33%
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 2.50
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 5.64
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 4.73
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.92 2.37 0.88 0.96 0.96 0.67 0.82 1.84 1.90 1.60 0.65
Accounts Receivable Turnover		 19.85 56.84 19.55 19.24 19.54 14.96 16.97 32.98 34.12 32.59 14.53
Inventory Turnover		 0.00 0.00 0.00 17.94 17.61 12.74 11.94 0.00 0.00 0.00 9.98
Fixed Asset Turnover		 0.00 0.00 3.11 3.69 4.31 3.04 4.73 16.79 19.38 17.34 6.70
Accounts Payable Turnover		 5.99 5.58 5.73 5.76 5.58 3.88 4.48 0.00 0.00 0.00 3.89
Days Sales Outstanding (DSO)		 18.39 6.42 18.67 18.97 18.68 24.40 21.51 11.07 10.70 11.20 25.12
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 20.34 20.73 28.65 30.57 0.00 0.00 0.00 36.56
Days Payable Outstanding (DPO)		 60.89 65.42 63.72 63.41 65.37 94.06 81.54 0.00 0.00 0.00 93.88
Cash Conversion Cycle (CCC)		 -42.50 -59.00 -45.06 -24.09 -25.96 -41.02 -29.46 11.07 10.70 11.20 -32.20
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 26,121
Invested Capital Turnover		 -8.52 62.80 2.24 1.65 2.20 1.52 1.39 3.13 3.34 2.81 1.11
Increase / (Decrease) in Invested Capital		 84 5,977 9,844 1,162 -6,271 7,692 1,356 1,749 3,476 2,352 984
Enterprise Value (EV)		 13,549 18,111 24,569 21,839 23,401 32,148 33,244 36,658 54,179 60,423 63,486
Market Capitalization		 12,201 16,804 19,421 16,344 23,465 26,263 27,800 31,491 48,949 54,368 57,366
Book Value per Share		 $19.64 $19.33 $22.90 $24.59 $28.06 $29.99 $33.40 $37.86 $30.36 $33.39 $36.68
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 $36.68
Total Capital		 9,737 9,225 16,930 18,543 13,816 21,243 22,026 24,639 30,113 33,402 34,900
Total Debt		 2,797 2,448 8,879 9,951 4,110 10,853 10,432 11,472 14,235 15,895 15,636
Total Long-Term Debt		 0.00 0.00 5,946 6,410 0.00 7,509 7,129 7,867 8,625 9,891 10,647
Net Debt		 1,348 1,307 5,148 5,494 -65 5,885 5,444 5,167 5,230 6,055 6,121
Capital Expenditures (CapEx)		 1,301 1,522 1,371 1,300 1,380 983 717 719 677 1,562 711
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 4,188
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 13,704
Net Working Capital (NWC)		 -4,192 -3,931 -199 -467 -1,708 342 563 5,473 7,363 8,323 8,714
Net Nonoperating Expense (NNE)		 446 -17,411 52 51 70 35 49 258 1,208 895 567
Net Nonoperating Obligations (NNO)		 -9,141 -3,001 5,570 6,189 -1,195 5,813 5,965 6,141 6,905 7,629 6,857
Total Depreciation and Amortization (D&A)		 907 993 1,108 1,054 1,077 1,049 903 790 924 917 827
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% 14.72%
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% 48.18%
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% 30.64%
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 $4.52
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 525.90M
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 $4.51
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 526.80M
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 $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 525.89M
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 2,943
Normalized NOPAT Margin		 10.72% 46.46% 8.88% 9.49% 9.60% 7.13% 8.14% 92.89% 93.38% 92.44% 10.34%
Pre Tax Income Margin		 24.34% 2.28% 11.17% 11.89% 12.11% 8.87% 10.19% 93.89% 93.25% 92.95% 10.63%
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 4.42
NOPAT to Interest Expense		 17.37 0.00 11.55 11.93 10.66 6.96 12.69 123.77 65.53 43.78 3.76
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 3.51
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 2.85
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% 95.42%
Augmented Payout Ratio		 54.99% 2.76% 33.33% 53.19% 52.30% 98.52% 38.03% 1.89% 2.36% 3.74% 96.94%

Quarterly Metrics And Ratios for PACCAR

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 525,894,443.00 526,286,229.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 525,894,443.00 526,286,229.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.15 1.43
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.63% 3.20% -1.23% -5.25% -5.96% -14.90% -14.38% -19.03% -13.74% -8.94% 0.48%
EBITDA Growth		 19.91% 54.67% -4.08% -16.92% -4.62% -17.59% -14.94% -19.76% -53.03% 12.96% 2.77%
EBIT Growth		 19.91% 65.81% -5.17% -18.89% -4.60% -17.66% -15.00% -19.91% -61.39% 17.18% 2.59%
NOPAT Growth		 20.07% -0.79% -6.81% -19.48% -4.73% -14.66% -14.39% -19.39% -30.24% -20.87% 0.57%
Net Income Growth		 19.58% 62.87% -8.07% -20.87% -5.16% -17.43% -15.16% -20.06% -36.14% 19.84% 3.90%
EPS Growth		 19.27% 62.14% -8.58% -20.94% -5.38% -57.71% -35.68% -39.46% -36.14% 19.79% 4.38%
Operating Cash Flow Growth		 -4.97% 114.52% -54.89% -4.23% 21.83% -38.03% 89.41% 18.78% -20.85% 6.76% -15.91%
Free Cash Flow Firm Growth		 17.30% -450.91% -62.02% -53.47% -3.08% -13.04% -10.83% -4.92% 75.39% 109.77% 168.80%
Invested Capital Growth		 18.00% 15.83% 15.64% 16.55% 10.32% 10.74% 9.66% 4.62% 3.92% 2.02% -0.89%
Revenue Q/Q Growth		 408.30% -3.66% 0.32% -6.07% 404.51% -64.20% 0.92% -11.17% 2.23% -0.65% 11.37%
EBITDA Q/Q Growth		 3,208.93% -7.42% -3.20% -11.68% 3,698.78% -76.67% 3.64% -11.68% -34.71% 55.94% 19.61%
EBIT Q/Q Growth		 3,663.92% -7.86% -3.48% -13.11% 4,326.96% -76.93% 3.68% -11.84% -43.48% 82.08% 22.39%
NOPAT Q/Q Growth		 4,798.47% -17.12% -4.62% -12.76% 5,695.69% -76.50% 0.64% -11.74% -5.64% 6.68% 21.38%
Net Income Q/Q Growth		 4,882.88% -15.66% -6.08% -13.41% 5,872.10% -77.25% 3.12% -11.85% -5.61% 8.69% 24.24%
EPS Q/Q Growth		 4,893.16% -16.24% -6.17% -13.15% 5,875.68% -99.13% 42.71% -18.25% -5.36% 8.49% 24.35%
Operating Cash Flow Q/Q Growth		 -11.64% 23.79% -70.05% 192.32% 12.40% -37.03% -8.45% 83.32% -25.10% -15.07% -27.89%
Free Cash Flow Firm Q/Q Growth		 3,663.66% 4.83% -9.82% -19.81% 2,350.49% -79.87% 1.93% -3.91% 25.76% 144.04% 563.76%
Invested Capital Q/Q Growth		 6.97% 0.40% 5.31% 3.04% 1.26% 0.78% 4.28% -1.70% 0.58% -1.06% 1.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 145.22% 23.31% 22.66% 21.72% 147.97% 100.00% 100.00% 100.00% 19.29% 20.07% 20.64%
EBITDA Margin		 140.80% 20.90% 20.17% 18.97% 142.81% 93.05% 95.55% 95.01% 10.14% 15.92% 17.10%
Operating Margin		 140.19% 17.91% 17.26% 15.92% 142.18% 93.86% 94.05% 93.21% 11.63% 12.65% 14.03%
EBIT Margin		 140.25% 18.22% 17.53% 16.21% 142.27% 91.67% 94.17% 93.46% 7.08% 12.97% 14.25%
Profit (Net Income) Margin		 138.48% 13.67% 12.80% 11.80% 139.65% 88.75% 90.68% 89.98% 8.16% 8.93% 9.96%
Tax Burden Percent		 99.64% 77.90% 76.85% 77.38% 99.52% 98.97% 98.50% 98.74% 79.00% 77.97% 76.62%
Interest Burden Percent		 99.10% 96.33% 95.01% 94.03% 98.63% 97.82% 97.76% 97.50% 146.06% 88.35% 91.27%
Effective Tax Rate		 0.36% 22.10% 23.15% 22.62% 0.48% 1.03% 1.50% 1.26% 21.00% 22.03% 23.38%
Return on Invested Capital (ROIC)		 466.28% 23.17% 20.84% 18.61% 397.62% 249.43% 228.14% 214.04% 10.20% 10.71% 11.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 458.15% 22.76% 20.16% 17.86% 387.03% 240.16% 223.91% 209.74% 9.23% 9.77% 10.48%
Return on Net Nonoperating Assets (RNNOA)		 205.78% 8.78% 7.47% 5.89% 168.49% 91.64% 84.71% 70.37% 3.64% 3.46% 3.56%
Return on Equity (ROE)		 672.06% 31.95% 28.30% 24.49% 566.11% 341.06% 312.85% 284.41% 13.83% 14.17% 14.93%
Cash Return on Invested Capital (CROIC)		 295.21% 9.72% 8.27% 5.83% 249.95% 238.15% 218.57% 210.36% 7.64% 8.81% 11.42%
Operating Return on Assets (OROA)		 265.95% 17.15% 15.85% 13.89% 227.41% 142.80% 137.39% 126.20% 4.59% 8.35% 9.00%
Return on Assets (ROA)		 262.60% 12.87% 11.57% 10.11% 223.22% 138.25% 132.29% 121.50% 5.29% 5.75% 6.29%
Return on Common Equity (ROCE)		 672.06% 31.95% 28.30% 24.49% 566.11% 341.06% 312.85% 284.41% 13.83% 14.17% 14.93%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 30.00% 28.04% 25.22% 0.00% 324.92% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 61,745 1,220 1,163 1,015 58,824 13,826 13,914 12,281 627 669 811
NOPAT Margin		 139.68% 13.95% 13.26% 12.32% 141.50% 92.89% 92.63% 92.03% 9.19% 9.87% 10.75%
Net Nonoperating Expense Percent (NNEP)		 8.13% 0.41% 0.67% 0.75% 10.59% 9.26% 4.23% 4.30% 0.96% 0.94% 0.89%
Return On Investment Capital (ROIC_SIMPLE)		 205.04% - - - 176.11% 41.05% 39.89% 34.87% 1.80% 1.93% 2.32%
Cost of Revenue to Revenue		 -45.22% 76.69% 77.34% 78.28% -47.97% 0.00% 0.00% 0.00% 80.71% 79.93% 79.36%
SG&A Expenses to Revenue		 2.14% 2.13% 2.09% 2.26% 2.24% 2.44% 2.39% 2.70% 2.85% 2.79% 2.38%
R&D to Revenue		 1.18% 1.21% 1.33% 1.40% 1.37% 1.55% 1.50% 1.66% 1.56% 1.61% 1.51%
Operating Expenses to Revenue		 5.03% 5.40% 5.41% 5.80% 5.79% 6.14% 5.95% 6.79% 7.66% 7.42% 6.61%
Earnings before Interest and Taxes (EBIT)		 61,996 1,593 1,538 1,336 59,144 13,644 14,146 12,471 483 879 1,075
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 62,241 1,828 1,769 1,563 59,367 13,849 14,353 12,677 692 1,079 1,290
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.08 3.82 3.04 2.77 3.11 2.84 2.63 2.67 2.98 3.07 3.11
Price to Tangible Book Value (P/TBV)		 3.08 4.38 3.04 2.77 3.11 2.84 2.63 2.67 2.98 3.07 3.11
Price to Revenue (P/Rev)		 0.70 1.82 1.52 1.49 0.81 0.79 0.80 0.87 2.02 2.19 2.27
Price to Earnings (P/E)		 0.76 12.77 10.87 11.03 0.89 0.87 0.89 0.97 24.15 24.53 25.24
Dividend Yield		 4.53% 3.46% 4.20% 4.40% 4.02% 4.34% 4.48% 4.36% 2.49% 2.36% 1.12%
Earnings Yield		 131.56% 7.83% 9.20% 9.07% 112.83% 114.59% 112.46% 102.87% 4.14% 4.08% 3.96%
Enterprise Value to Invested Capital (EV/IC)		 2.38 3.08 2.50 2.33 2.40 2.31 2.17 2.24 2.43 2.59 2.64
Enterprise Value to Revenue (EV/Rev)		 0.77 1.99 1.71 1.66 0.90 0.90 0.92 0.99 2.23 2.41 2.48
Enterprise Value to EBITDA (EV/EBITDA)		 0.81 9.35 8.07 8.11 0.94 0.95 0.97 1.04 14.81 15.15 15.54
Enterprise Value to EBIT (EV/EBIT)		 0.82 10.69 9.25 9.34 0.95 0.96 0.99 1.06 18.35 18.62 19.10
Enterprise Value to NOPAT (EV/NOPAT)		 0.83 13.55 11.77 11.89 0.97 0.98 1.00 1.07 21.58 24.16 24.94
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.93 14.16 13.56 13.21 13.02 14.31 12.82 12.34 14.38 14.93 15.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.87 33.99 32.41 43.04 1.01 1.02 1.04 1.09 32.42 29.64 22.99
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 0.83 0.81 0.83 0.91 0.87 0.84 0.82 0.81 0.76 0.72
Long-Term Debt to Equity		 0.54 0.54 0.52 0.54 0.57 0.55 0.57 0.56 0.55 0.52 0.49
Financial Leverage		 0.45 0.39 0.37 0.33 0.44 0.38 0.38 0.34 0.39 0.35 0.34
Leverage Ratio		 2.55 2.45 2.38 2.34 2.52 2.38 2.33 2.30 2.39 2.28 2.24
Compound Leverage Factor		 2.53 2.36 2.26 2.20 2.49 2.33 2.27 2.24 3.49 2.02 2.05
Debt to Total Capital		 47.27% 45.40% 44.86% 45.40% 47.59% 46.49% 45.69% 45.01% 44.80% 43.07% 41.97%
Short-Term Debt to Total Capital		 18.63% 15.90% 16.36% 16.08% 17.97% 16.89% 14.62% 14.42% 14.30% 13.71% 13.68%
Long-Term Debt to Total Capital		 28.64% 29.50% 28.51% 29.32% 29.61% 29.60% 31.07% 30.59% 30.51% 29.36% 28.29%
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		 52.73% 54.60% 55.14% 54.60% 52.41% 53.51% 54.31% 54.99% 55.20% 56.93% 58.03%
Debt to EBITDA		 0.21 1.86 1.93 2.18 0.25 0.25 0.27 0.28 3.65 3.39 3.31
Net Debt to EBITDA		 0.08 0.80 0.86 0.86 0.09 0.12 0.13 0.12 1.43 1.38 1.32
Long-Term Debt to EBITDA		 0.13 1.21 1.23 1.40 0.15 0.16 0.18 0.19 2.48 2.31 2.23
Debt to NOPAT		 0.22 2.70 2.82 3.19 0.26 0.26 0.28 0.29 5.31 5.40 5.31
Net Debt to NOPAT		 0.08 1.15 1.25 1.27 0.10 0.12 0.13 0.12 2.08 2.20 2.12
Long-Term Debt to NOPAT		 0.13 1.75 1.79 2.06 0.16 0.17 0.19 0.20 3.62 3.68 3.58
Altman Z-Score		 8.67 3.30 3.21 3.03 8.11 4.64 4.49 4.37 2.88 3.09 3.20
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		 2.09 1.17 2.66 2.80 2.30 2.64 2.68 2.83 2.55 2.72 2.79
Quick Ratio		 1.66 0.89 2.04 2.21 1.85 2.07 2.06 2.21 2.05 2.18 2.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 58,269 -1,907 -2,094 -2,509 56,472 11,368 11,588 11,135 -358 158 1,046
Operating Cash Flow to CapEx		 560.29% 568.50% 138.41% 795.42% 175.53% 893.33% 348.70% 498.79% 1,802.05% 1,094.37% 345.56%
Free Cash Flow to Firm to Interest Expense		 89.18 -11.92 -12.14 -13.32 62.70 29.82 28.93 27.70 0.00 0.86 5.81
Operating Cash Flow to Interest Expense		 1.82 9.18 2.55 6.83 1.61 2.39 2.08 3.80 0.00 5.32 3.90
Operating Cash Flow Less CapEx to Interest Expense		 1.49 7.57 0.71 5.97 0.69 2.12 1.48 3.04 0.00 4.83 2.77
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.90 0.94 0.90 0.86 1.60 1.56 1.46 1.35 0.65 0.64 0.63
Accounts Receivable Turnover		 34.12 14.88 13.89 15.47 32.59 28.00 25.17 27.54 14.53 12.43 12.13
Inventory Turnover		 0.00 10.13 9.84 10.19 0.00 0.00 0.00 0.00 9.98 9.68 9.19
Fixed Asset Turnover		 19.38 9.69 9.41 9.10 17.34 16.34 15.00 13.92 6.70 6.43 6.24
Accounts Payable Turnover		 0.00 4.17 4.24 4.22 0.00 0.00 0.00 0.00 3.89 3.64 3.61
Days Sales Outstanding (DSO)		 10.70 24.53 26.28 23.59 11.20 13.04 14.50 13.25 25.12 29.36 30.09
Days Inventory Outstanding (DIO)		 0.00 36.04 37.11 35.81 0.00 0.00 0.00 0.00 36.56 37.70 39.70
Days Payable Outstanding (DPO)		 0.00 87.63 86.03 86.40 0.00 0.00 0.00 0.00 93.88 100.28 101.10
Cash Conversion Cycle (CCC)		 10.70 -27.06 -22.64 -27.00 11.20 13.04 14.50 13.25 -32.20 -33.21 -31.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 22,784 22,876 24,091 24,824 25,136 25,333 26,418 25,970 26,121 25,844 26,183
Invested Capital Turnover		 3.34 1.66 1.57 1.51 2.81 2.69 2.46 2.33 1.11 1.09 1.06
Increase / (Decrease) in Invested Capital		 3,476 3,127 3,258 3,524 2,352 2,457 2,327 1,146 984 511 -234
Enterprise Value (EV)		 54,179 70,419 60,171 57,890 60,423 58,411 57,378 58,229 63,486 66,828 69,080
Market Capitalization		 48,949 64,415 53,783 51,730 54,368 51,100 49,903 51,628 57,366 60,741 63,218
Book Value per Share		 $30.36 $32.14 $33.77 $35.60 $33.39 $34.34 $36.08 $36.89 $36.68 $37.57 $38.61
Tangible Book Value per Share		 $30.36 $28.04 $33.77 $35.60 $33.39 $34.34 $36.08 $36.89 $36.68 $37.57 $38.61
Total Capital		 30,113 30,902 32,108 34,184 33,402 33,677 34,881 35,220 34,900 34,702 35,018
Total Debt		 14,235 14,030 14,405 15,520 15,895 15,655 15,939 15,851 15,636 14,946 14,696
Total Long-Term Debt		 8,625 9,115 9,153 10,023 9,891 9,968 10,838 10,773 10,647 10,190 9,908
Net Debt		 5,230 6,004 6,388 6,160 6,055 7,311 7,475 6,601 6,121 6,087 5,862
Capital Expenditures (CapEx)		 212 258 318 162 824 102 239 306 64 89 203
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3,969 -1,056 5,964 5,564 4,487 5,688 5,315 5,233 4,188 4,695 5,182
Debt-free Net Working Capital (DFNWC)		 12,973 6,970 13,981 14,923 14,327 14,032 13,779 14,484 13,704 13,553 14,016
Net Working Capital (NWC)		 7,363 2,055 8,729 9,427 8,323 8,345 8,678 9,405 8,714 8,797 9,227
Net Nonoperating Expense (NNE)		 530 24 41 43 770 617 293 274 70 63 59
Net Nonoperating Obligations (NNO)		 6,905 6,004 6,388 6,160 7,629 7,311 7,475 6,601 6,857 6,087 5,862
Total Depreciation and Amortization (D&A)		 246 235 232 227 223 205 207 206 209 200 215
Debt-free, Cash-free Net Working Capital to Revenue		 5.65% -2.98% 16.90% 15.97% 6.66% 8.79% 8.55% 8.86% 14.72% 16.90% 18.63%
Debt-free Net Working Capital to Revenue		 18.47% 19.69% 39.62% 42.84% 21.28% 21.68% 22.15% 24.52% 48.18% 48.79% 50.39%
Net Working Capital to Revenue		 10.48% 5.81% 24.74% 27.06% 12.36% 12.89% 13.95% 15.92% 30.64% 31.67% 33.17%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $116.84 $2.28 $2.14 $1.85 $110.55 $0.96 $1.38 $1.12 $1.06 $1.15 $1.43
Adjusted Weighted Average Basic Shares Outstanding		 523.90M 524.90M 525.30M 525.40M 525.30M 525.90M 525.90M 525.90M 525.90M 526.70M 527M
Adjusted Diluted Earnings per Share		 $116.84 $2.27 $2.13 $1.85 $110.55 $0.96 $1.37 $1.12 $1.06 $1.15 $1.43
Adjusted Weighted Average Diluted Shares Outstanding		 525M 526.30M 526.60M 526.50M 526.60M 526.90M 526.70M 526.70M 526.80M 527.40M 527.60M
Adjusted Basic & Diluted Earnings per Share		 $116.84 $0.00 $0.00 $0.00 $110.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 523.88M 524.15M 524.22M 524.30M 524.80M 524.96M 525.10M 525.20M 525.89M 526.29M 526.36M
Normalized Net Operating Profit after Tax (NOPAT)		 61,745 1,220 1,163 1,015 58,824 13,826 13,914 12,281 627 669 811
Normalized NOPAT Margin		 139.68% 13.95% 13.26% 12.32% 141.50% 92.89% 92.63% 92.03% 9.19% 9.87% 10.75%
Pre Tax Income Margin		 138.99% 17.55% 16.65% 15.25% 140.32% 89.68% 92.07% 91.13% 10.33% 11.46% 13.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 94.88 9.96 8.91 7.09 65.66 35.79 35.31 31.02 0.00 4.81 5.98
NOPAT to Interest Expense		 94.50 7.62 6.74 5.39 65.31 36.27 34.73 30.55 0.00 3.66 4.51
EBIT Less CapEx to Interest Expense		 94.56 8.34 7.07 6.23 64.75 35.53 34.71 30.26 0.00 4.32 4.85
NOPAT Less CapEx to Interest Expense		 94.17 6.01 4.90 4.53 64.40 36.00 34.14 29.79 0.00 3.17 3.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 2.36% 44.05% 45.46% 48.27% 3.73% 3.79% 3.98% 4.24% 95.42% 57.73% 57.52%
Augmented Payout Ratio		 2.36% 44.14% 45.55% 48.38% 3.74% 3.80% 4.05% 4.31% 96.94% 59.21% 57.76%

Financials Breakdown Chart

Key Financial Trends

PACCAR’s latest quarter shows a solid but softer operating picture compared with the unusually strong results a year ago. In Q1 2026, revenue came in at $6.78 billion, down modestly from $6.82 billion in Q4 2025 and well below the elevated revenue levels seen in 2024. Net income was $605.3 million, or $1.15 per share, compared with $556.9 million in Q4 2025 and $505.1 million in Q1 2025. The company remains profitable and cash-generative, but earnings and margins are clearly normalizing from the peak period in 2024.

Over the last four years, PACCAR has remained financially disciplined. It continues to produce strong operating cash flow, maintain a sizable cash and investment cushion, and carry a manageable balance sheet for a capital-intensive manufacturing business. However, the trend since 2024 points to lower revenue, lower earnings, and weaker operating cash generation than the prior year’s peak.

  • Strong liquidity position: PACCAR ended Q1 2026 with $5.64 billion in cash and equivalents plus $3.21 billion in short-term investments, giving it substantial near-term flexibility.
  • Still generating healthy operating cash flow: Q1 2026 operating cash flow was $971.8 million, down from Q4 2025 but still solid for a single quarter.
  • Net income remains positive and consistent: Quarterly earnings have stayed profitable throughout the period analyzed, even as business conditions softened.
  • Balance sheet equity remains strong: Total common equity was $19.76 billion in Q1 2026, up from $17.51 billion at year-end 2024 and $13.17 billion at year-end 2022.
  • Debt is manageable relative to assets and cash generation: While PACCAR uses debt in its financing arm, the company still maintains a large liquidity buffer and steady cash flow.
  • Revenue has cooled from 2024 peaks: Quarterly revenue in 2025 and early 2026 is materially below the elevated levels seen in 2024, suggesting a normalization in demand and/or pricing.
  • Quarterly earnings are still respectable but lower than the prior cycle peak: Q1 2026 EPS of $1.15 is below Q1 2025’s $0.96? Actually the recent pattern reflects quarter-to-quarter variability and a downshift from 2024’s very strong results.
  • PACCAR continues heavy investment activity: The company consistently spends on investments and capital expenditures, which is typical for its financing and equipment businesses but can pressure near-term cash flow.
  • Operating cash flow weakened sharply versus late 2024: Q1 2026 operating cash flow of $971.8 million was below Q4 2025’s $1.14 billion and far below the stronger 2024 quarters.
  • Leverage has increased from 2022 levels: Long-term debt was $10.19 billion in Q1 2026, up from $8.62 billion in Q4 2024 and $7.87 billion in Q4 2022.

Bottom line: PACCAR looks financially sound, with strong liquidity, recurring profitability, and a sturdy equity base. The main concern is not balance-sheet stress, but rather the direction of the operating business: revenue and cash generation have eased from the exceptional 2024 level. For investors, that suggests a high-quality cyclical company that remains resilient, but one that may be moving through a softer phase of its cycle.

08/03/26 07:01 AM ETAI Generated. May Contain Errors.

PACCAR Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PACCAR's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

PACCAR's net income were at $2.38 billion at the end of 2025, a 42.9% decrease from 2024, and a 48.1% increase since 2015. View PACCAR's forecast to see where analysts expect PACCAR to go next.

PACCAR's total operating income in 2025 was $3.74 billion, based on the following breakdown:
  • Total Gross Profit: $5.71 billion
  • Total Operating Expenses: $1.96 billion

Over the last 10 years, PACCAR's total revenue changed from $19.12 billion in 2015 to $28.44 billion in 2025, a change of 48.8%.

PACCAR's total liabilities were at $25.07 billion at the end of 2025, a 3.2% decrease from 2024, and a 76.9% increase since 2015.

In the past 10 years, PACCAR's cash and equivalents has ranged from $0.00 in 2016 to $7.18 billion in 2023, and is currently $6.31 billion as of their latest financial filing in 2025.

Over the last 10 years, PACCAR's book value per share changed from 19.64 in 2015 to 36.68 in 2025, a change of 86.8%.


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Financial statements for NASDAQ:PCAR last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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