PACCAR Inc. (PCAR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.36	$1.43	+5.1%	—	—	—
Q2 26	$1.16	$1.15	-0.9%	—	—	—
Q1 26	$1.31	$1.37	+4.6%	—	—	—
Q4 25	$1.59	$0.96	-39.6%	—	—	—
Q3 25	$1.69	$1.66	-1.8%	—	—	—
Q2 25	$1.82	$1.85	+1.6%	—	—	—
Q1 25	$2.15	$2.13	-0.9%	—	—	—
Q4 24	$2.2	$2.27	+3.2%	—	—	—
Q3 24	$2.21	$2.7	+22.2%	—	—	—
Q2 24	$2.12	$2.34	+10.4%	—	—	—
Q1 24	$2.17	$2.33	+7.4%	—	—	—
Q4 23	$1.74	$1.4	-19.5%	—	—	—
Q3 23	$1.47	$1.76	+19.7%	—	—	—
Q2 23	$1.32	$1.47	+11.4%	—	—	—
Q1 23	$1.22	$1.38	+13.1%	—	—	—
Q4 22	$1.03	$1.15	+11.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.52	—	—	$28.4B	—
FY24	—	$7.92	—	—	$33.7B	—
FY23	—	$8.78	—	—	$35.1B	—
FY22	—	$5.76	—	—	$28.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$17B	$19.5B	$23.5B	$25.6B	$18.7B	$23.5B	$28.8B	$35.1B	$33.7B	$28.4B
YoY change	-10.9%	+14.2%	+20.8%	+8.95%	-26.8%	+25.6%	+22.5%	+21.9%	-4.17%	-15.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	17B	19.5B	23.5B	25.6B	18.7B	23.5B	28.8B	35.1B	33.7B	28.4B
Cost of revenue	13.7B	15.8B	19.1B	20.8B	15.3B	19.2B	23.6B	27.5B	27B	23.7B
Gross profit	3.4B	3.7B	4.4B	4.8B	3.5B	4.3B	5.2B	7.6B	6.7B	4.7B
Gross margin	19.8%	18.9%	18.7%	18.8%	18.5%	18.2%	18.1%	21.7%	19.9%	16.7%
Research & development	247.2M	264.7M	306.1M	326.6M	273.9M	324.1M	341.2M	410.9M	452.9M	445.5M
Selling, general & administrative	542.8M	571.8M	644.7M	698.5M	581.4M	676.8M	726.3M	753.3M	744M	735.8M
Operating expenses	790M	836.5M	950.8M	1B	855.3M	1B	1.1B	1.2B	1.2B	1.2B
Operating income	1.9B	2.1B	2.7B	3B	1.6B	2.3B	3.7B	5.9B	4.9B	3B
Operating margin	11.3%	10.8%	11.4%	11.6%	8.39%	9.81%	12.8%	16.9%	14.5%	10.4%
Non-operating income, net	-805.4M	35.3M	60.9M	82.3M	35.9M	15.5M	61M	292.2M	394.7M	346.1M
Pretax income	1.1B	2.2B	2.8B	3.1B	1.7B	2.4B	3.8B	5.7B	5.4B	3B
Income tax	608.7M	498.1M	615.1M	711.3M	360.4M	530.8M	837.1M	1.1B	1.2B	647.7M
Net income	521.7M	1.7B	2.2B	2.4B	1.3B	1.9B	3B	4.6B	4.2B	2.4B
Net margin	3.06%	8.61%	9.34%	9.33%	6.95%	7.93%	10.4%	13.1%	12.4%	8.35%
EBITDA	3.7B	3.2B	3.7B	4B	2.6B	3.3B	4.4B	6.6B	5.4B	3.4B
EPS	0.99	3.17	4.17	4.59	2.49	3.55	5.76	8.78	7.92	4.52
Diluted EPS	0.99	3.17	4.16	4.58	2.49	3.55	5.75	8.76	7.9	4.51

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	8.7B	9.1B	8.7B	8.8B	8.2B	7.9B	7.4B	7.5B	6.7B	6.8B	6.8B	7.5B
Cost of revenue	6.8B	7.1B	6.9B	7B	6.7B	6.4B	6.1B	6.2B	5.6B	5.8B	5.6B	6.2B
Gross profit	1.9B	2B	1.9B	1.8B	1.6B	1.5B	1.3B	1.3B	1.1B	1.1B	1.1B	1.3B
Gross margin	21.9%	21.6%	21.4%	20.4%	19.2%	18.6%	17.7%	17%	16.2%	15.6%	16.7%	17.5%
Research & development	103.5M	108.9M	105.5M	117.1M	115M	115.3M	115.4M	112.9M	111M	106.2M	109.1M	114.3M
Selling, general & administrative	182.3M	194.1M	186.6M	183.5M	186.5M	187.4M	181.6M	179.3M	180.2M	194.7M	189.3M	179.7M
Operating expenses	285.8M	303M	292.1M	300.6M	301.5M	302.7M	297M	292.2M	291.2M	300.9M	298.4M	294M
Operating income	1.5B	1.5B	1.4B	1.3B	1.1B	1B	885.1M	838.5M	636M	602.1M	674.6M	879.2M
Operating margin	17.2%	16.7%	16.3%	15.3%	13.6%	12.7%	11.9%	11.2%	9.53%	8.83%	9.95%	11.7%
Non-operating income, net	80.8M	99.7M	85.5M	95.8M	108.7M	104.7M	83.8M	83.9M	90.8M	87.6M	80.4M	86M
Pretax income	1.6B	1.6B	1.5B	1.5B	1.3B	1.1B	643.1M	931.9M	743.6M	704.9M	776.3M	981.5M
Income tax	360.9M	224M	339.2M	338.2M	284.2M	277.3M	138M	208.1M	153.6M	148M	171M	229.5M
Net income	1.2B	1.4B	1.2B	1.1B	972.1M	872M	505.1M	723.8M	590M	556.9M	605.3M	752M
Net margin	14.1%	15.6%	13.7%	12.8%	11.8%	11%	6.79%	9.64%	8.84%	8.16%	8.93%	9.96%
EBITDA	1.6B	1.7B	1.6B	1.5B	1.2B	1.1B	1B	961.9M	751M	723.7M	794.3M	1B
EPS	2.35	2.7	2.28	2.14	1.85	1.66	0.96	1.38	1.12	1.06	1.15	1.43
Diluted EPS	2.34	2.7	2.27	2.13	1.85	1.66	0.96	1.37	1.12	1.06	1.15	1.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	22.4B	25B	20.1B	27.4B	29.9B	30.7B	34.5B	51.2B	54.6B	57.6B	58.8B
Enterprise value	27.9B	30.2B	25.6B	33.3B	35.8B	36.1B	39.6B	56.4B	60.7B	63.7B	64.7B
Shares outstanding	526.6M	527.9M	526.5M	520.4M	520.2M	521.7M	522.6M	523.9M	525.3M	525.9M	525.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	43	14.9	9.14	11.5	23	16.5	11.4	11.1	13.1	24.2	23.5
P/S	1.32	1.29	0.85	1.07	1.6	1.31	1.2	1.46	1.62	2.02	2.12
P/B	3.31	3.11	2.33	2.83	2.88	2.65	2.62	3.22	3.12	2.99	2.9
EV/EBITDA	7.47	9.53	6.94	8.39	13.9	11.1	8.99	8.57	11.2	18.5	19.8
EV/Sales	1.64	1.55	1.09	1.3	1.91	1.54	1.38	1.61	1.8	2.24	2.33
Earnings yield	2.33%	6.7%	10.9%	8.7%	4.35%	6.08%	8.73%	8.99%	7.62%	4.13%	4.25%
FCF yield	1.5%	3.47%	5.19%	3.24%	4.51%	1.8%	4.75%	5.72%	5.3%	5.26%	3.31%
PEG	—	—	—	—	—	—	—	—	—	—	6.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19.8%	18.9%	18.7%	18.8%	18.5%	18.2%	18.1%	21.7%	19.9%	16.7%	17.5%
Operating margin	11.3%	10.8%	11.4%	11.6%	8.39%	9.81%	12.8%	16.9%	14.5%	10.4%	12%
Net margin	3.06%	8.61%	9.34%	9.33%	6.95%	7.93%	10.4%	13.1%	12.4%	8.35%	9%
ROE	7.7%	20.8%	25.5%	24.6%	12.5%	16.1%	22.9%	29%	23.8%	12.3%	12.8%
ROA	2.53%	7.15%	8.61%	8.42%	4.6%	6.32%	9.05%	11.3%	9.59%	5.36%	4.12%
ROIC	7.3%	12.2%	14.9%	14.7%	7.56%	10.5%	15.7%	22.7%	16%	9.17%	8.33%
Return on tangible assets	2.53%	7.15%	8.61%	8.42%	4.6%	6.32%	9.05%	11.3%	9.59%	5.36%	5.69%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.81	2.57	2.42	2.41	2.69	2.62	2.6	2.5	2.64	3.08	5.52
Quick ratio	2.66	2.42	2.26	2.27	2.52	2.37	2.37	2.3	2.45	2.88	2.9
Debt / equity	1.25	1.1	1.16	1.16	1.04	0.9	0.87	0.9	0.91	0.81	0.73
Debt / assets	0.41	0.38	0.39	0.4	0.38	0.35	0.34	0.35	0.37	0.35	0.33
Net debt / EBITDA	1.45	1.63	1.49	1.48	2.28	1.67	1.17	0.8	1.12	1.78	1.79
Effective tax rate	53.8%	22.9%	21.9%	23%	21.7%	22.2%	21.8%	19.5%	22.9%	21.4%	21.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32.3	36.9	44.6	49.2	36	45.1	55.1	67	64.1	54.1	52.8
EPS (basic)	0.99	3.17	4.17	4.59	2.49	3.55	5.76	8.78	7.92	4.52	4.52
EPS (diluted)	0.99	3.17	4.16	4.58	2.49	3.55	5.75	8.76	7.9	4.51	4.75
Book value per share	12.9	15.3	16.3	18.7	20	22.2	25.2	30.3	33.3	36.6	38.6
FCF per share	0.64	1.65	1.98	1.71	2.59	1.06	3.13	5.59	5.51	5.76	5.62
Cash per share	5.8	7.07	8.46	10.3	9.55	9.56	12.1	17.2	18.7	18.1	16.5
Capex per share	3.73	3.5	3.71	3.79	3.15	3.13	2.66	2.41	3.32	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11.5%	9.49%	8.31%	7.7%	8.75%	6.94%	4.82%	3.59%	5.19%	—	—
Capex / operating cash flow	86.1%	68.6%	65.6%	69.3%	55.4%	109.4%	63.7%	33.4%	40.7%	—	—
Payout ratio	159%	33.3%	36.6%	47.7%	95.3%	38%	33.4%	33%	55%	95.4%	28.2%
Dividend yield	3.7%	2.23%	4.01%	4.15%	4.14%	2.31%	2.91%	2.97%	4.19%	3.94%	1.25%

Yield

1.25%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.35

ex-dividend Nov 10, 2026

Payout ratio

28%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 10, 2026upcoming	$0.35
Aug 12, 2026	$0.35
May 13, 2026	$0.35

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$8.7B	$9.1B	$8.7B	$8.8B	$8.2B	$7.9B	$7.4B	$7.5B	$6.7B	$6.8B	$6.8B	$7.5B
YoY change	+23.2%	+11.7%	+3.2%	-1.23%	-5.25%	-12.9%	-14.9%	-14.4%	-19%	-13.7%	-8.94%	+0.48%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.1B	3.7B	4.5B	5.3B	5B	5B	6.3B	9B	9.8B	9.5B
Receivables	9.7B	10.8B	12.2B	13.4B	13B	13.5B	15.7B	19.8B	21.2B	21.7B
Inventory	727.8M	928.4M	1.2B	1.2B	1.2B	2B	2.2B	2.6B	2.4B	2.2B
Total current assets	13.7B	15.9B	18.2B	20.3B	19.7B	21.2B	24.9B	32B	34.2B	34.3B
Property, plant & equipment	4.8B	5.3B	4.8B	5.1B	5.4B	5B	4.7B	4.4B	4.2B	4.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	20.6B	23.4B	25.5B	28.4B	28.3B	29.5B	33.3B	40.8B	43.4B	44.3B
Accounts payable	1.3B	1.6B	1.8B	1.7B	1.7B	2B	2.5B	2.7B	2.7B	2.4B
Short-term debt	2.2B	2.7B	3.3B	3.8B	3.1B	3B	3.3B	5.1B	5.5B	4.6B
Total current liabilities	4.9B	6.2B	7.5B	8.4B	7.3B	8.1B	9.6B	12.8B	13B	11.2B
Long-term debt	6.2B	6.2B	6.7B	7.4B	7.7B	7.4B	8.2B	9.2B	10.4B	11B
Total liabilities	13.9B	15.4B	16.9B	18.7B	17.9B	17.9B	20.1B	24.9B	25.9B	25.1B
Shareholders' equity	6.8B	8.1B	8.6B	9.7B	10.4B	11.6B	13.2B	15.9B	17.5B	19.3B
Total debt	8.5B	8.9B	10B	11.2B	10.9B	10.4B	11.5B	14.2B	15.9B	15.6B
Net debt	6.6B	6.5B	6.5B	7B	7.3B	7B	6.8B	7.1B	8.8B	9.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	7.6B	9B	8B	8B	9.4B	9.8B	8.3B	8.5B	9.3B	9.5B	8.9B	8.8B
Receivables	18.6B	19.8B	20.3B	20.8B	21.5B	21.2B	21.8B	22.4B	22.1B	21.7B	21.6B	21.7B
Inventory	2.6B	2.6B	2.7B	2.8B	2.6B	2.4B	2.4B	2.5B	2.3B	2.2B	2.2B	2.4B
Total current assets	29.5B	32B	31.7B	32.3B	34.2B	34.2B	33.3B	34.2B	34.7B	34.3B	33.5B	33.9B
Property, plant & equipment	5.9B	4.4B	6B	6B	6.1B	4.2B	6B	6.3B	6.3B	4.5B	6.4B	6.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	38B	40.8B	40.4B	41.2B	43.3B	43.4B	42.7B	44.1B	44.2B	44.3B	43.6B	44B
Accounts payable	6.3B	2.7B	6.7B	6.4B	6.4B	2.7B	6.2B	6.2B	6.1B	2.4B	6B	6.1B
Short-term debt	5B	5.1B	4.9B	5.3B	5.5B	5.5B	5.7B	5.1B	5.1B	4.6B	4.8B	4.8B
Total current liabilities	11.3B	12.8B	11.6B	11.6B	11.9B	13B	11.9B	11.3B	11.2B	11.2B	10.8B	10.9B
Long-term debt	7.9B	9.2B	9.1B	9.2B	10B	10.4B	10B	10.8B	10.8B	11B	10.2B	9.9B
Total liabilities	22B	24.9B	23.5B	23.5B	24.6B	25.9B	24.7B	25.2B	24.8B	25.1B	23.8B	23.7B
Shareholders' equity	16B	15.9B	16.9B	17.7B	18.7B	17.5B	18B	18.9B	19.4B	19.3B	19.8B	20.3B
Total debt	12.9B	14.2B	14B	14.4B	15.5B	15.9B	15.7B	15.9B	15.9B	15.6B	14.9B	14.7B
Net debt	7B	7.1B	7.8B	8.5B	8.7B	8.8B	10.1B	10.4B	9.5B	9.3B	9.3B	9.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	521.7M	1.7B	2.2B	2.4B	1.3B	1.9B	3B	4.6B	4.2B	2.4B
Depreciation & amortization	993.1M	1.1B	1.1B	1.1B	1B	903.3M	790.2M	923.9M	916.9M	827.4M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	892.1M	111.7M	-237.1M	-682M	772.3M	-1.1B	-1.4B	-1.5B	-699.2M	1.2B
Operating cash flow	2.3B	2.7B	3B	2.8B	3B	1.5B	2.2B	3.8B	4.3B	4.4B
Capital expenditure	-2B	-1.8B	-2B	-2B	-1.6B	-1.6B	-1.4B	-1.3B	-1.7B	—
Investing cash flow	-1.6B	-2B	-1.9B	-2.2B	-1.9B	-1.4B	-2B	-2.9B	-4.5B	-880.6M
Dividends paid	-829.3M	-558.3M	-804.3M	-1.1B	-1.2B	-708M	-1B	-1.5B	-2.3B	-2.3B
Share repurchases	-70.5M	0	-354.4M	-110.2M	-42.1M	-1.5M	-2.1M	-3.5M	-4.5M	-36.1M
Financing cash flow	-852.9M	-433.1M	51.8M	22.6M	-1.9B	-920.4M	269.2M	1.1B	-175M	-3.1B
Net change in cash	-134.8M	295.8M	1.1B	660.1M	-779.6M	-790.3M	417.4M	2B	-376.4M	409.4M
Free cash flow	335.9M	869.2M	1B	889.5M	1.3B	553.9M	1.6B	2.9B	2.9B	3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.2B	1.4B	1.2B	1.1B	972.1M	872M	505.1M	723.8M	590M	556.9M	605.3M	752M
Depreciation & amortization	233.9M	245.5M	235M	231.9M	226.8M	223.2M	205.1M	207.3M	205.8M	209.2M	200.1M	215M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-217.7M	-462M	-554.2M	-877.9M	147.7M	1B	-3.9M	121M	448.3M	803.6M	33.5M	-455.7M
Operating cash flow	1.2B	1.4B	868M	470.8M	1.3B	2.1B	736.1M	1B	1.5B	1.1B	971.8M	700.8M
Capital expenditure	-335.7M	-363.4M	-351.8M	-512.8M	-378.1M	-502.9M	-325.8M	-388.9M	—	—	—	—
Investing cash flow	-886.4M	-939.9M	-526.1M	-1B	-1.2B	-1.5B	-392.6M	-617.5M	-197.7M	-387.5M	242.9M	35M
Dividends paid	-141.3M	-141.3M	-1.8B	-157.3M	-157.3M	-157.4M	-1.7B	-173.3M	-173.4M	-173.4M	-909.4M	-184.3M
Share repurchases	-100K	-400K	-4M	0	-500K	0	-4.3M	-30.7M	-200K	-900K	-4.8M	0
Financing cash flow	343.8M	934.3M	-1.9B	293.8M	809.9M	636.7M	-2.2B	-293.4M	-268.3M	-406.9M	-1.6B	-411.6M
Net change in cash	691.6M	1.3B	-1.6B	-279.1M	879.9M	1.3B	-1.8B	96.2M	1.1B	349.9M	-379.4M	324.2M
Free cash flow	1B	823.3M	1.1B	-72.8M	908.1M	942.8M	584.5M	444.5M	1.2B	778M	653.9M	309M

Date	Ratio
Feb 8, 2023	3:2
Oct 10, 2007	3:2
Aug 11, 2006	3:2
Feb 6, 2004	3:2
May 29, 2002	3:2
May 22, 1997	2:1
Aug 1, 1988	2:1
Dec 28, 1983	2:1
Jan 11, 1982	11:10

PACCAR Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history