PACCAR (PCAR) Financials

$112.60 +0.82 (+0.73%)

Closing price 04:00 PM Eastern

Extended Trading

$112.74 +0.14 (+0.12%)

As of 07:58 PM 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	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

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	1,229	61,215	15,997	16,056	15,020	58,071	505	13,621	12,007	557	605
Consolidated Net Income / (Loss)	1,229	61,215	15,997	16,056	15,020	58,055	505	13,621	12,007	557	605
Net Income / (Loss) Continuing Operations	1,229	61,215	15,997	16,056	15,020	58,071	505	13,621	12,007	557	605
Total Pre-Tax Income	1,589	61,439	16,336	16,394	15,304	58,332	643	13,829	12,160	705	776
Total Operating Income	1,631	61,971	16,544	16,596	15,524	59,105	1,076	14,127	12,438	793	857
Total Gross Profit	2,064	64,193	17,489	17,544	16,480	61,511	1,551	15,021	13,344	1,316	1,360
Total Revenue	8,696	44,204	17,489	17,544	16,480	41,571	7,442	15,021	13,344	6,821	6,777
Operating Revenue	8,696	44,204	17,489	17,544	16,480	41,571	7,442	15,021	13,344	6,821	6,777
Total Cost of Revenue	6,633	-19,989	0.00	0.00	0.00	-19,940	5,891	0.00	0.00	5,505	5,417
Operating Cost of Revenue	6,627	-	-	-	-	-	5,891	-	-	5,505	5,417
Total Operating Expenses	433	2,222	945	948	956	2,406	475	894	906	523	503
Selling, General & Admin Expense	182	947	373	367	373	931	182	359	360	195	189
Research & Development Expense	104	520	211	234	230	568	115	226	222	106	109
Depreciation Expense	0.00	591	180	174	177	719	160	155	162	181	160
Other Operating Expenses / (Income)	147	164	180	174	177	188	18	155	162	41	44
Total Other Income / (Expense), net	-41	-529	-208	-202	-220	-757	-433	-298	-278	-88	-81
Interest Expense	139	653	320	345	377	901	191	401	402	-135	183
Interest & Investment Income	81	100	86	96	109	105	84	84	91	88	80
Other Income / (Expense), net	16	24	27	47	49	39	-326	19	34	-311	21
Income Tax Expense	361	224	339	338	284	277	138	208	154	148	171
Basic Earnings per Share	$2.35	$116.84	$2.28	$2.14	$1.85	$110.55	$0.96	$1.38	$1.12	$1.06	$1.15
Weighted Average Basic Shares Outstanding	524.10M	523.90M	524.90M	525.30M	525.40M	525.30M	525.90M	525.90M	525.90M	525.90M	526.70M
Diluted Earnings per Share	$2.34	$116.84	$2.27	$2.13	$1.85	$110.55	$0.96	$1.37	$1.12	$1.06	$1.15
Weighted Average Diluted Shares Outstanding	525.30M	525M	526.30M	526.60M	526.50M	526.60M	526.90M	526.70M	526.70M	526.80M	527.40M
Weighted Average Basic & Diluted Shares Outstanding	523.08M	523.88M	524.15M	524.22M	524.30M	524.80M	524.96M	525.10M	525.20M	525.89M	526.29M
Cash Dividends to Common per Share	$0.27	$0.27	$0.27	$0.30	-	$0.30	$0.33	$0.33	-	-	$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	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

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	760	1,275	-987	-323	978	212	-1,543	32	754	4.00	-663
Net Cash From Operating Activities	1,343	1,187	1,469	440	1,286	1,446	910	833	1,528	1,144	972
Net Cash From Continuing Operating Activities	1,343	1,224	1,469	440	1,286	1,446	910	833	1,528	1,144	972
Net Income / (Loss) Continuing Operations	1,229	1,417	1,195	1,123	972	872	505	724	590	557	605
Consolidated Net Income / (Loss)	1,229	1,417	1,195	1,123	972	872	505	724	590	557	605
Depreciation Expense	234	246	235	232	227	223	205	207	206	209	200
Non-Cash Adjustments To Reconcile Net Income	-4.30	-135	8.00	5.90	-17	64	43	-21	89	44	58
Changes in Operating Assets and Liabilities, net	-115	-304	31	-920	104	286	157	-77	643	334	109
Net Cash From Investing Activities	-886	-940	-526	-1,044	-1,186	-1,732	-393	-618	-503	-754	-75
Net Cash From Continuing Investing Activities	-886	-940	-526	-1,044	-1,186	-1,732	-393	-618	-503	-754	-75
Purchase of Property, Plant & Equipment	-351	-348	-428	-502	-330	-998	-302	-392	-454	-239	-318
Acquisitions	-	-	0.00	-	-	-	-45	-	-	-157	0.00
Purchase of Investments	-1,884	-1,991	-1,758	-2,191	-2,303	-2,483	-1,737	-2,064	-1,941	-2,158	-1,749
Sale of Property, Plant & Equipment	149	136	169	184	169	175	200	153	148	176	229
Sale and/or Maturity of Investments	1,199	1,263	1,491	1,517	1,353	1,582	1,495	1,686	1,744	1,625	1,825
Other Investing Activities, net	-	-	-0.20	-52	-74	200	-3.40	-	-	-	-63
Net Cash From Financing Activities	358	943	-1,880	301	813	643	-2,135	-291	-262	-395	-1,552
Net Cash From Continuing Financing Activities	358	943	-1,880	301	813	643	-2,135	-291	-262	-395	-1,552
Repayment of Debt	-1,648	1,706	-1,110	-181	-806	-376	-1,103	-1,250	-614	-1,001	-1,133
Repurchase of Common Equity	-0.10	-0.40	-4.00	-	-0.50	-	-4.30	-31	-0.20	-0.90	-4.80
Payment of Dividends	-141	-141	-1,817	-157	-157	-157	-1,747	-173	-173	-173	-909
Issuance of Debt	2,134	-630	1,015	632	1,774	1,170	698	1,161	519	769	453
Issuance of Common Equity	14	8.40	35	6.90	3.00	6.60	23	2.30	6.30	12	42
Effect of Exchange Rate Changes	-54	86	-50	-20	64	-145	74	107	-8.50	8.10	-8.20

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

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	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
Total Assets	36,868	38,040	40,823	40,374	41,177	43,282	43,419	42,725	44,095	44,201	43,554
Total Current Assets	12,610	13,286	14,115	13,802	14,000	14,663	14,702	13,448	13,852	14,545	13,899
Cash & Equivalents	5,146	5,906	7,182	6,195	5,872	6,849	7,061	5,518	5,550	6,304	5,645
Short-Term Investments	1,691	1,743	1,823	1,831	2,146	2,511	2,779	2,827	2,914	2,947	3,214
Accounts Receivable	2,351	2,304	2,198	2,411	2,731	2,199	1,934	2,212	2,210	2,090	2,257
Inventories, net	2,713	2,622	2,577	2,743	2,783	2,645	2,367	2,376	2,457	2,297	2,223
Other Current Assets	709	711	681	622	682	666	751	760	906	1,089	823
Plant, Property, & Equipment, net	3,602	3,614	3,780	3,797	3,896	4,041	3,986	4,127	4,397	4,442	4,519
Total Noncurrent Assets	20,656	21,140	22,584	22,775	23,068	24,371	24,542	24,906	25,662	25,032	24,873
Noncurrent Note & Lease Receivables	15,664	16,260	17,572	17,873	18,113	19,294	19,314	19,611	20,193	20,015	19,342
Other Noncurrent Operating Assets	2,478	2,543	5,012	2,746	4,955	5,077	5,227	5,294	5,469	5,017	5,532
Total Liabilities & Shareholders' Equity	36,868	38,040	40,823	40,374	41,177	43,282	43,419	42,725	44,095	44,201	43,554
Total Liabilities	21,788	22,016	24,945	23,502	23,474	24,618	25,912	24,703	25,152	24,833	23,797
Total Current Liabilities	11,178	11,494	6,751	11,747	5,271	5,236	6,379	5,103	5,174	5,140	5,101
Short-Term Debt	4,637	5,019	5,610	4,915	5,252	5,497	6,004	5,687	5,101	5,078	4,756
Accounts Payable	6,362	6,312	6,069	6,705	6,380	6,397	5,912	6,229	6,249	6,073	6,003
Dividends Payable	0.00	0.00	1,675	0.00	0.00	0.00	1,574	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	10,610	10,523	11,591	11,755	11,842	12,724	12,423	12,786	13,803	13,681	13,038
Long-Term Debt	7,953	7,906	8,625	9,115	9,153	10,023	9,891	9,968	10,838	10,773	10,190
Noncurrent Deferred & Payable Income Tax Liabilities	686	645	702	647	611	627	577	583	654	664	651
Other Noncurrent Operating Liabilities	1,971	1,971	2,122	1,993	1,962	1,978	1,874	2,235	2,311	2,244	2,197
Total Equity & Noncontrolling Interests	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022	18,943	19,369	19,757
Total Preferred & Common Equity	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022	18,943	19,369	19,757
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	15,079	16,023	15,879	16,872	17,703	18,664	17,507	18,022	18,943	19,369	19,757
Common Stock	765	781	792	842	854	860	869	907	915	924	963
Retained Earnings	15,096	16,182	15,780	16,834	17,799	18,613	17,751	18,083	18,633	19,049	19,128
Treasury Stock	-3.00	-3.10	0.00	-4.00	-4.00	-4.50	0.00	-4.30	-35	-35	-4.80
Accumulated Other Comprehensive Income / (Loss)	-778	-938	-694	-800	-945	-805	-1,113	-963	-570	-569	-329

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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 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	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	525,894,443.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	525,894,443.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.20%	19.63%	3.20%	-1.23%	-5.25%	-5.96%	-14.90%	-14.38%	-19.03%	-13.74%	-8.94%
EBITDA Growth	54.55%	19.91%	54.67%	-4.08%	-16.92%	-4.62%	-17.59%	-14.94%	-19.76%	-53.03%	12.96%
EBIT Growth	62.42%	19.91%	65.81%	-5.17%	-18.89%	-4.60%	-17.66%	-15.00%	-19.91%	-61.39%	17.18%
NOPAT Growth	63.93%	20.07%	-0.79%	-6.81%	-19.48%	-4.73%	-14.66%	-14.39%	-19.39%	-30.24%	-20.87%
Net Income Growth	59.67%	19.58%	62.87%	-8.07%	-20.87%	-5.16%	-17.43%	-15.16%	-20.06%	-36.14%	19.84%
EPS Growth	59.18%	19.27%	62.14%	-8.58%	-20.94%	-5.38%	-57.71%	-35.68%	-39.46%	-36.14%	19.79%
Operating Cash Flow Growth	97.30%	-4.97%	114.52%	-54.89%	-4.23%	21.83%	-38.03%	89.41%	18.78%	-20.85%	6.76%
Free Cash Flow Firm Growth	-621.99%	17.30%	-450.91%	-62.02%	-53.47%	-3.08%	-13.04%	-10.83%	-4.92%	75.39%	109.77%
Invested Capital Growth	15.73%	18.00%	15.83%	15.64%	16.55%	10.32%	10.74%	9.66%	4.62%	3.92%	2.02%
Revenue Q/Q Growth	-2.08%	408.30%	-3.66%	0.32%	-6.07%	404.51%	-64.20%	0.92%	-11.17%	2.23%	-0.65%
EBITDA Q/Q Growth	1.97%	3,208.93%	-7.42%	-3.20%	-11.68%	3,698.78%	-76.67%	3.64%	-11.68%	-34.71%	55.94%
EBIT Q/Q Growth	1.59%	3,663.92%	-7.86%	-3.48%	-13.11%	4,326.96%	-76.93%	3.68%	-11.84%	-43.48%	82.08%
NOPAT Q/Q Growth	0.97%	4,798.47%	-17.12%	-4.62%	-12.76%	5,695.69%	-76.50%	0.64%	-11.74%	-5.64%	6.68%
Net Income Q/Q Growth	0.61%	4,882.88%	-15.66%	-6.08%	-13.41%	5,872.10%	-77.25%	3.12%	-11.85%	-5.61%	8.69%
EPS Q/Q Growth	0.43%	4,893.16%	-16.24%	-6.17%	-13.15%	5,875.68%	-99.13%	42.71%	-18.25%	-5.36%	8.49%
Operating Cash Flow Q/Q Growth	37.67%	-11.64%	23.79%	-70.05%	192.32%	12.40%	-37.03%	-8.45%	83.32%	-25.10%	-15.07%
Free Cash Flow Firm Q/Q Growth	-26.48%	3,663.66%	4.83%	-9.82%	-19.81%	2,350.49%	-79.87%	1.93%	-3.91%	25.76%	144.04%
Invested Capital Q/Q Growth	2.24%	6.97%	0.40%	5.31%	3.04%	1.26%	0.78%	4.28%	-1.70%	0.58%	-1.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.73%	145.22%	23.31%	22.66%	21.72%	147.97%	100.00%	100.00%	100.00%	19.29%	20.07%
EBITDA Margin	21.63%	140.80%	20.90%	20.17%	18.97%	142.81%	93.05%	95.55%	95.01%	10.14%	15.92%
Operating Margin	18.75%	140.19%	17.91%	17.26%	15.92%	142.18%	93.86%	94.05%	93.21%	11.63%	12.65%
EBIT Margin	18.94%	140.25%	18.22%	17.53%	16.21%	142.27%	91.67%	94.17%	93.46%	7.08%	12.97%
Profit (Net Income) Margin	14.13%	138.48%	13.67%	12.80%	11.80%	139.65%	88.75%	90.68%	89.98%	8.16%	8.93%
Tax Burden Percent	77.29%	99.64%	77.90%	76.85%	77.38%	99.52%	98.97%	98.50%	98.74%	79.00%	77.97%
Interest Burden Percent	96.50%	99.10%	96.33%	95.01%	94.03%	98.63%	97.82%	97.76%	97.50%	146.06%	88.35%
Effective Tax Rate	22.71%	0.36%	22.10%	23.15%	22.62%	0.48%	1.03%	1.50%	1.26%	21.00%	22.03%
Return on Invested Capital (ROIC)	24.96%	466.28%	23.17%	20.84%	18.61%	397.62%	249.43%	228.14%	214.04%	10.20%	10.71%
ROIC Less NNEP Spread (ROIC-NNEP)	24.36%	458.15%	22.76%	20.16%	17.86%	387.03%	240.16%	223.91%	209.74%	9.23%	9.77%
Return on Net Nonoperating Assets (RNNOA)	9.09%	205.78%	8.78%	7.47%	5.89%	168.49%	91.64%	84.71%	70.37%	3.64%	3.46%
Return on Equity (ROE)	34.04%	672.06%	31.95%	28.30%	24.49%	566.11%	341.06%	312.85%	284.41%	13.83%	14.17%
Cash Return on Invested Capital (CROIC)	8.93%	295.21%	9.72%	8.27%	5.83%	249.95%	238.15%	218.57%	210.36%	7.64%	8.81%
Operating Return on Assets (OROA)	18.86%	265.95%	17.15%	15.85%	13.89%	227.41%	142.80%	137.39%	126.20%	4.59%	8.35%
Return on Assets (ROA)	14.06%	262.60%	12.87%	11.57%	10.11%	223.22%	138.25%	132.29%	121.50%	5.29%	5.75%
Return on Common Equity (ROCE)	34.04%	672.06%	31.95%	28.30%	24.49%	566.11%	341.06%	312.85%	284.41%	13.83%	14.17%
Return on Equity Simple (ROE_SIMPLE)	25.62%	0.00%	30.00%	28.04%	25.22%	0.00%	324.92%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,260	61,745	1,220	1,163	1,015	58,824	13,826	13,914	12,281	627	669
NOPAT Margin	14.49%	139.68%	13.95%	13.26%	12.32%	141.50%	92.89%	92.63%	92.03%	9.19%	9.87%
Net Nonoperating Expense Percent (NNEP)	0.59%	8.13%	0.41%	0.67%	0.75%	10.59%	9.26%	4.23%	4.30%	0.96%	0.94%
Return On Investment Capital (ROIC_SIMPLE)	-	205.04%	-	-	-	176.11%	41.05%	39.89%	34.87%	1.80%	1.93%
Cost of Revenue to Revenue	76.27%	-45.22%	76.69%	77.34%	78.28%	-47.97%	0.00%	0.00%	0.00%	80.71%	79.93%
SG&A Expenses to Revenue	2.10%	2.14%	2.13%	2.09%	2.26%	2.24%	2.44%	2.39%	2.70%	2.85%	2.79%
R&D to Revenue	1.19%	1.18%	1.21%	1.33%	1.40%	1.37%	1.55%	1.50%	1.66%	1.56%	1.61%
Operating Expenses to Revenue	4.98%	5.03%	5.40%	5.41%	5.80%	5.79%	6.14%	5.95%	6.79%	7.66%	7.42%
Earnings before Interest and Taxes (EBIT)	1,647	61,996	1,593	1,538	1,336	59,144	13,644	14,146	12,471	483	879
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,881	62,241	1,828	1,769	1,563	59,367	13,849	14,353	12,677	692	1,079
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.65	3.08	3.82	3.04	2.77	3.11	2.84	2.63	2.67	2.98	3.07
Price to Tangible Book Value (P/TBV)	3.11	3.08	4.38	3.04	2.77	3.11	2.84	2.63	2.67	2.98	3.07
Price to Revenue (P/Rev)	1.24	0.70	1.82	1.52	1.49	0.81	0.79	0.80	0.87	2.02	2.19
Price to Earnings (P/E)	10.35	0.76	12.77	10.87	11.03	0.89	0.87	0.89	0.97	24.15	24.53
Dividend Yield	3.55%	4.53%	3.46%	4.20%	4.40%	4.02%	4.34%	4.48%	4.36%	2.49%	2.36%
Earnings Yield	9.66%	131.56%	7.83%	9.20%	9.07%	112.83%	114.59%	112.46%	102.87%	4.14%	4.08%
Enterprise Value to Invested Capital (EV/IC)	2.24	2.38	3.08	2.50	2.33	2.40	2.31	2.17	2.24	2.43	2.59
Enterprise Value to Revenue (EV/Rev)	1.40	0.77	1.99	1.71	1.66	0.90	0.90	0.92	0.99	2.23	2.41
Enterprise Value to EBITDA (EV/EBITDA)	7.55	0.81	9.35	8.07	8.11	0.94	0.95	0.97	1.04	14.81	15.15
Enterprise Value to EBIT (EV/EBIT)	8.77	0.82	10.69	9.25	9.34	0.95	0.96	0.99	1.06	18.35	18.62
Enterprise Value to NOPAT (EV/NOPAT)	10.23	0.83	13.55	11.77	11.89	0.97	0.98	1.00	1.07	21.58	24.16
Enterprise Value to Operating Cash Flow (EV/OCF)	11.24	12.93	14.16	13.56	13.21	13.02	14.31	12.82	12.34	14.38	14.93
Enterprise Value to Free Cash Flow (EV/FCFF)	26.96	0.87	33.99	32.41	43.04	1.01	1.02	1.04	1.09	32.42	29.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.81	0.90	0.83	0.81	0.83	0.91	0.87	0.84	0.82	0.81	0.76
Long-Term Debt to Equity	0.49	0.54	0.54	0.52	0.54	0.57	0.55	0.57	0.56	0.55	0.52
Financial Leverage	0.37	0.45	0.39	0.37	0.33	0.44	0.38	0.38	0.34	0.39	0.35
Leverage Ratio	2.37	2.55	2.45	2.38	2.34	2.52	2.38	2.33	2.30	2.39	2.28
Compound Leverage Factor	2.29	2.53	2.36	2.26	2.20	2.49	2.33	2.27	2.24	3.49	2.02
Debt to Total Capital	44.65%	47.27%	45.40%	44.86%	45.40%	47.59%	46.49%	45.69%	45.01%	44.80%	43.07%
Short-Term Debt to Total Capital	17.34%	18.63%	15.90%	16.36%	16.08%	17.97%	16.89%	14.62%	14.42%	14.30%	13.71%
Long-Term Debt to Total Capital	27.31%	28.64%	29.50%	28.51%	29.32%	29.61%	29.60%	31.07%	30.59%	30.51%	29.36%
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	55.35%	52.73%	54.60%	55.14%	54.60%	52.41%	53.51%	54.31%	54.99%	55.20%	56.93%
Debt to EBITDA	2.04	0.21	1.86	1.93	2.18	0.25	0.25	0.27	0.28	3.65	3.39
Net Debt to EBITDA	0.83	0.08	0.80	0.86	0.86	0.09	0.12	0.13	0.12	1.43	1.38
Long-Term Debt to EBITDA	1.25	0.13	1.21	1.23	1.40	0.15	0.16	0.18	0.19	2.48	2.31
Debt to NOPAT	2.77	0.22	2.70	2.82	3.19	0.26	0.26	0.28	0.29	5.31	5.40
Net Debt to NOPAT	1.13	0.08	1.15	1.25	1.27	0.10	0.12	0.13	0.12	2.08	2.20
Long-Term Debt to NOPAT	1.69	0.13	1.75	1.79	2.06	0.16	0.17	0.19	0.20	3.62	3.68
Altman Z-Score	2.85	8.67	3.30	3.21	3.03	8.11	4.64	4.49	4.37	2.88	3.09
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	1.16	2.09	1.17	2.66	2.80	2.30	2.64	2.68	2.83	2.55	2.72
Quick Ratio	0.87	1.66	0.89	2.04	2.21	1.85	2.07	2.06	2.21	2.05	2.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,635	58,269	-1,907	-2,094	-2,509	56,472	11,368	11,588	11,135	-358	158
Operating Cash Flow to CapEx	663.87%	560.29%	568.50%	138.41%	795.42%	175.53%	893.33%	348.70%	498.79%	1,802.05%	1,094.37%
Free Cash Flow to Firm to Interest Expense	-11.81	89.18	-11.92	-12.14	-13.32	62.70	29.82	28.93	27.70	0.00	0.86
Operating Cash Flow to Interest Expense	9.70	1.82	9.18	2.55	6.83	1.61	2.39	2.08	3.80	0.00	5.32
Operating Cash Flow Less CapEx to Interest Expense	8.24	1.49	7.57	0.71	5.97	0.69	2.12	1.48	3.04	0.00	4.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	1.90	0.94	0.90	0.86	1.60	1.56	1.46	1.35	0.65	0.64
Accounts Receivable Turnover	15.82	34.12	14.88	13.89	15.47	32.59	28.00	25.17	27.54	14.53	12.43
Inventory Turnover	10.59	0.00	10.13	9.84	10.19	0.00	0.00	0.00	0.00	9.98	9.68
Fixed Asset Turnover	7.07	19.38	9.69	9.41	9.10	17.34	16.34	15.00	13.92	6.70	6.43
Accounts Payable Turnover	4.95	0.00	4.17	4.24	4.22	0.00	0.00	0.00	0.00	3.89	3.64
Days Sales Outstanding (DSO)	23.08	10.70	24.53	26.28	23.59	11.20	13.04	14.50	13.25	25.12	29.36
Days Inventory Outstanding (DIO)	34.48	0.00	36.04	37.11	35.81	0.00	0.00	0.00	0.00	36.56	37.70
Days Payable Outstanding (DPO)	73.67	0.00	87.63	86.03	86.40	0.00	0.00	0.00	0.00	93.88	100.28
Cash Conversion Cycle (CCC)	-16.12	10.70	-27.06	-22.64	-27.00	11.20	13.04	14.50	13.25	-32.20	-33.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,299	22,784	22,876	24,091	24,824	25,136	25,333	26,418	25,970	26,121	25,844
Invested Capital Turnover	1.72	3.34	1.66	1.57	1.51	2.81	2.69	2.46	2.33	1.11	1.09
Increase / (Decrease) in Invested Capital	2,896	3,476	3,127	3,258	3,524	2,352	2,457	2,327	1,146	984	511
Enterprise Value (EV)	47,776	54,179	70,419	60,171	57,890	60,423	58,411	57,378	58,229	63,486	66,828
Market Capitalization	42,500	48,949	64,415	53,783	51,730	54,368	51,100	49,903	51,628	57,366	60,741
Book Value per Share	$30.65	$30.36	$32.14	$33.77	$35.60	$33.39	$34.34	$36.08	$36.89	$36.68	$37.57
Tangible Book Value per Share	$26.18	$30.36	$28.04	$33.77	$35.60	$33.39	$34.34	$36.08	$36.89	$36.68	$37.57
Total Capital	28,949	30,113	30,902	32,108	34,184	33,402	33,677	34,881	35,220	34,900	34,702
Total Debt	12,926	14,235	14,030	14,405	15,520	15,895	15,655	15,939	15,851	15,636	14,946
Total Long-Term Debt	7,906	8,625	9,115	9,153	10,023	9,891	9,968	10,838	10,773	10,647	10,190
Net Debt	5,276	5,230	6,004	6,388	6,160	6,055	7,311	7,475	6,601	6,121	6,087
Capital Expenditures (CapEx)	202	212	258	318	162	824	102	239	306	64	89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-838	3,969	-1,056	5,964	5,564	4,487	5,688	5,315	5,233	4,188	4,695
Debt-free Net Working Capital (DFNWC)	6,812	12,973	6,970	13,981	14,923	14,327	14,032	13,779	14,484	13,704	13,553
Net Working Capital (NWC)	1,792	7,363	2,055	8,729	9,427	8,323	8,345	8,678	9,405	8,714	8,797
Net Nonoperating Expense (NNE)	32	530	24	41	43	770	617	293	274	70	63
Net Nonoperating Obligations (NNO)	5,276	6,905	6,004	6,388	6,160	7,629	7,311	7,475	6,601	6,857	6,087
Total Depreciation and Amortization (D&A)	234	246	235	232	227	223	205	207	206	209	200
Debt-free, Cash-free Net Working Capital to Revenue	-2.45%	5.65%	-2.98%	16.90%	15.97%	6.66%	8.79%	8.55%	8.86%	14.72%	16.90%
Debt-free Net Working Capital to Revenue	19.93%	18.47%	19.69%	39.62%	42.84%	21.28%	21.68%	22.15%	24.52%	48.18%	48.79%
Net Working Capital to Revenue	5.24%	10.48%	5.81%	24.74%	27.06%	12.36%	12.89%	13.95%	15.92%	30.64%	31.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.35	$116.84	$2.28	$2.14	$1.85	$110.55	$0.96	$1.38	$1.12	$1.06	$1.15
Adjusted Weighted Average Basic Shares Outstanding	524.10M	523.90M	524.90M	525.30M	525.40M	525.30M	525.90M	525.90M	525.90M	525.90M	526.70M
Adjusted Diluted Earnings per Share	$2.34	$116.84	$2.27	$2.13	$1.85	$110.55	$0.96	$1.37	$1.12	$1.06	$1.15
Adjusted Weighted Average Diluted Shares Outstanding	525.30M	525M	526.30M	526.60M	526.50M	526.60M	526.90M	526.70M	526.70M	526.80M	527.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$116.84	$0.00	$0.00	$0.00	$110.55	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	523.08M	523.88M	524.15M	524.22M	524.30M	524.80M	524.96M	525.10M	525.20M	525.89M	526.29M
Normalized Net Operating Profit after Tax (NOPAT)	1,260	61,745	1,220	1,163	1,015	58,824	13,826	13,914	12,281	627	669
Normalized NOPAT Margin	14.49%	139.68%	13.95%	13.26%	12.32%	141.50%	92.89%	92.63%	92.03%	9.19%	9.87%
Pre Tax Income Margin	18.28%	138.99%	17.55%	16.65%	15.25%	140.32%	89.68%	92.07%	91.13%	10.33%	11.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.89	94.88	9.96	8.91	7.09	65.66	35.79	35.31	31.02	0.00	4.81
NOPAT to Interest Expense	9.10	94.50	7.62	6.74	5.39	65.31	36.27	34.73	30.55	0.00	3.66
EBIT Less CapEx to Interest Expense	10.43	94.56	8.34	7.07	6.23	64.75	35.53	34.71	30.26	0.00	4.32
NOPAT Less CapEx to Interest Expense	7.64	94.17	6.01	4.90	4.53	64.40	36.00	34.14	29.79	0.00	3.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.69%	2.36%	44.05%	45.46%	48.27%	3.73%	3.79%	3.98%	4.24%	95.42%	57.73%
Augmented Payout Ratio	36.77%	2.36%	44.14%	45.55%	48.38%	3.74%	3.80%	4.05%	4.31%	96.94%	59.21%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from PACCAR's quarterly financials (latest four years) focusing on the most recent data and the trend over time.

Healthy operating cash flow: Net cash from continuing operating activities was about $1.14B in Q4 2025 and about $1.53B in Q3 2025, signaling robust cash generation from core operations.
Solid near-term profitability: Q4 2025 net income from continuing operations was $556.9M, with basic and diluted EPS of $1.06, supporting ongoing profitability.
Stable shareholder returns: The quarterly cash dividend per share remained at $0.33, indicating a steady capital return policy for shareholders.
Profitability consistency: Q4 2025 gross margin ~19.3% and operating margin ~11.6% (1315.9M gross profit on 6,820.8M revenue; 793.2M operating income), pointing to healthy margins.
Quarterly revenue volatility: Q4 2025 revenue of about $6.82B is notably lower than Q3 2025's ~$13.34B, suggesting seasonality or quarterly mix effects that warrant close monitoring.
Financing cash flow dynamics: Net cash from financing activities in Q4 2025 was negative (-$394.6M), driven by dividends and debt activity, a common pattern for a mature, shareholder-focused company.
Leverage profile: In the latest period (mid-2025 balance sheets), total liabilities were around $24.8B with total equity about $19.4B, implying a modest leverage level (debt to equity near ~1.3x).
Investing cash flow reflects capital deployment: Net cash from continuing investing activities in Q4 2025 was about -$753.8M, consistent with ongoing capex and strategic investments typical for an equipment-heavy business.
Near-term revenue pressure risk: The large sequential revenue drop from Q3 2025 to Q4 2025 could pressure near-term margins if not offset by cost control or volume recovery.
Debt load as a potential risk if rates rise: Long-term debt around $10.7–$10.8B in mid-2025 leaves some exposure to higher interest costs if rates rise, impacting future financing costs.

05/14/26 08:20 PM ETAI Generated. May Contain Errors.

PACCAR Financials - Frequently Asked Questions

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

In the past 10 years, PACCAR's net income has ranged from $1.30 billion in 2020 to $53.28 billion in 2022, and is currently $2.38 billion as of their latest financial filing in 2025. Check out PACCAR's forecast to explore projected trends and price targets.

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%.

Related Companies

Financial statements for NASDAQ:PCAR last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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

Financials Breakdown Chart

Key Financial Trends

PACCAR Financials - Frequently Asked Questions

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

Financials Breakdown Chart

Key Financial Trends

PACCAR Financials - Frequently Asked Questions

When does PACCAR's financial year end?

How has PACCAR's net income changed over the last 10 years?

What is PACCAR's operating income?

How has PACCAR's revenue changed over the last 10 years?

How much debt does PACCAR have?

How much cash does PACCAR have?

How has PACCAR's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools