Paccar Financials
This page shows Paccar (PCAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Paccar's revenue declined 15.5% year-over-year, from $33.7B to $28.4B. This contraction results in a growth score of 0/100.
Paccar has a moderate D/E ratio of 1.30. This balance of debt and equity financing earns a leverage score of 63/100.
With a current ratio of 2.55, Paccar holds $2.55 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.
Paccar converts 12.9% of revenue into free cash flow ($3.7B). This strong cash generation earns a score of 65/100.
Paccar's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 23.8% the prior year.
Paccar passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Paccar generates $1.86 in operating cash flow ($4.4B OCF vs $2.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Paccar generated $28.4B in revenue in fiscal year 2025. This represents a decrease of 15.5% from the prior year.
Paccar generated $3.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.4% from the prior year.
Paccar reported $2.4B in net income in fiscal year 2025. This represents a decrease of 42.9% from the prior year.
Paccar earned $4.51 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 42.9% from the prior year.
Paccar held $6K in cash against $0 in long-term debt as of fiscal year 2025.
Paccar paid $2.72 per share in dividends in fiscal year 2025. This represents a decrease of 34.8% from the prior year.
Paccar had 526M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Paccar's gross margin was 20.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the prior year.
Paccar's net profit margin was 8.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Paccar's ROE was 12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.4 percentage points from the prior year.
Paccar invested $445.5M in research and development in fiscal year 2025. This represents a decrease of 1.6% from the prior year.
Paccar spent $36.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 702.2% from the prior year.
Paccar invested $743.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.4% from the prior year.
PCAR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B+2.2% | $6.7B-11.2% | $7.5B+0.9% | $7.4B-5.9% | $7.9B-12.9% | $9.1B+4.4% | $8.7B-2.1% | $8.9B |
| Cost of Revenue | $5.5B+3.0% | $5.3B-10.8% | $6.0B+1.8% | $5.9B-4.9% | $6.2B | N/A | N/A | N/A |
| Gross Profit | $1.3B-0.8% | $1.3B-12.5% | $1.5B-2.3% | $1.6B-9.4% | $1.7B | N/A | N/A | N/A |
| R&D Expenses | $106.2M-4.3% | $111.0M-1.7% | $112.9M-2.2% | $115.4M+0.1% | $115.3M | N/A | N/A | N/A |
| SG&A Expenses | $194.7M+8.0% | $180.2M+0.5% | $179.3M-1.3% | $181.6M-3.1% | $187.4M | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $148.0M-3.6% | $153.6M-26.2% | $208.1M+50.8% | $138.0M-50.2% | $277.3M+23.8% | $224.0M-37.9% | $360.9M+3.9% | $347.4M |
| Net Income | $556.9M-5.6% | $590.0M-18.5% | $723.8M+43.3% | $505.1M-42.1% | $872.0M-38.5% | $1.4B+15.4% | $1.2B+0.6% | $1.2B |
| EPS (Diluted) | $1.06-5.4% | $1.12-18.2% | $1.37+42.7% | $0.96-41.8% | $1.65-38.7% | $2.69+15.0% | $2.34+0.4% | $2.33 |
PCAR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $44.3B+0.3% | $44.2B+0.2% | $44.1B+3.2% | $42.7B-1.6% | $43.4B+6.4% | $40.8B+7.3% | $38.0B+3.2% | $36.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $114.2M | N/A | N/A | N/A | $100.7M-6.2% | $107.4M | N/A | N/A |
| Total Liabilities | $25.1B+1.0% | $24.8B-1.3% | $25.2B+1.8% | $24.7B-4.7% | $25.9B+3.9% | $24.9B+13.3% | $22.0B+1.0% | $21.8B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $19.3B-0.5% | $19.4B+2.2% | $18.9B+5.1% | $18.0B+2.9% | $17.5B+10.3% | $15.9B-0.9% | $16.0B+6.3% | $15.1B |
| Retained Earnings | $18.7B-1.9% | $19.0B+2.2% | $18.6B+3.0% | $18.1B+1.9% | $17.8B+12.5% | $15.8B-2.5% | $16.2B+7.2% | $15.1B |
PCAR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B-25.1% | $1.5B+83.3% | $833.4M-8.4% | $910.3M-37.0% | $1.4B+21.8% | $1.2B-11.6% | $1.3B+37.7% | $975.5M |
| Capital Expenditures | $189.9M+14.5% | $165.9M-25.3% | $222.1M+34.5% | $165.1M-29.3% | $233.4M+18.0% | $197.8M+4.1% | $190.1M+12.9% | $168.4M |
| Free Cash Flow | $954.4M-29.9% | $1.4B+122.8% | $611.3M-18.0% | $745.2M-38.5% | $1.2B+22.6% | $988.9M-14.2% | $1.2B+42.8% | $807.1M |
| Investing Cash Flow | -$753.8M-49.8% | -$503.3M+18.5% | -$617.5M-57.3% | -$392.6M+77.3% | -$1.7B-84.3% | -$939.9M-6.0% | -$886.4M-17.9% | -$752.0M |
| Financing Cash Flow | -$394.6M-50.6% | -$262.0M+10.0% | -$291.1M+86.4% | -$2.1B-431.8% | $643.3M-31.8% | $942.7M+163.3% | $358.1M-27.2% | $492.2M |
| Dividends Paid | $173.4M0.0% | $173.4M+0.1% | $173.3M-90.1% | $1.7B+1009.9% | $157.4M+11.4% | $141.3M0.0% | $141.3M+8.1% | $130.7M |
| Share Buybacks | $900K+350.0% | $200K-99.3% | $30.7M+614.0% | $4.3M | $0-100.0% | $400K+300.0% | $100K | $0 |
PCAR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.3%-0.6pp | 19.9%-0.3pp | 20.2%-0.7pp | 20.8%-0.8pp | 21.6% | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 8.2%-0.7pp | 8.8%-0.8pp | 9.6%+2.8pp | 6.8%-4.2pp | 11.0%-4.6pp | 15.6%+1.5pp | 14.1%+0.4pp | 13.8% |
| Return on Equity | 2.9%-0.2pp | 3.0%-0.8pp | 3.8%+1.0pp | 2.8%-2.2pp | 5.0%-4.0pp | 8.9%+1.3pp | 7.7%-0.4pp | 8.1% |
| Return on Assets | 1.3%-0.1pp | 1.3%-0.3pp | 1.6%+0.5pp | 1.2%-0.8pp | 2.0%-1.5pp | 3.5%+0.2pp | 3.2%-0.1pp | 3.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.30+0.0 | 1.28-0.0 | 1.33-0.0 | 1.37-0.1 | 1.48-0.1 | 1.57+0.2 | 1.37-0.1 | 1.44 |
| FCF Margin | 14.0%-6.4pp | 20.4%+12.3pp | 8.1%-1.9pp | 10.0%-5.3pp | 15.3%+4.4pp | 10.9%-2.4pp | 13.3%+4.2pp | 9.1% |
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Frequently Asked Questions
What is Paccar's annual revenue?
Paccar (PCAR) reported $28.4B in total revenue for fiscal year 2025. This represents a -15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Paccar's revenue growing?
Paccar (PCAR) revenue declined by 15.5% year-over-year, from $33.7B to $28.4B in fiscal year 2025.
Is Paccar profitable?
Yes, Paccar (PCAR) reported a net income of $2.4B in fiscal year 2025, with a net profit margin of 8.3%.
What is Paccar's earnings per share (EPS)?
Paccar (PCAR) reported diluted earnings per share of $4.51 for fiscal year 2025. This represents a -42.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Paccar's gross margin?
Paccar (PCAR) had a gross margin of 20.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Paccar's net profit margin?
Paccar (PCAR) had a net profit margin of 8.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Paccar pay dividends?
Yes, Paccar (PCAR) paid $2.72 per share in dividends during fiscal year 2025.
What is Paccar's return on equity (ROE)?
Paccar (PCAR) has a return on equity of 12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Paccar's free cash flow?
Paccar (PCAR) generated $3.7B in free cash flow during fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Paccar's operating cash flow?
Paccar (PCAR) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Paccar's total assets?
Paccar (PCAR) had $44.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Paccar's capital expenditures?
Paccar (PCAR) invested $743.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Paccar spend on research and development?
Paccar (PCAR) invested $445.5M in research and development during fiscal year 2025.
Does Paccar buy back shares?
Yes, Paccar (PCAR) spent $36.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Paccar have outstanding?
Paccar (PCAR) had 526M shares outstanding as of fiscal year 2025.
What is Paccar's current ratio?
Paccar (PCAR) had a current ratio of 2.55 as of fiscal year 2025, which is generally considered healthy.
What is Paccar's debt-to-equity ratio?
Paccar (PCAR) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Paccar's return on assets (ROA)?
Paccar (PCAR) had a return on assets of 5.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Paccar's Piotroski F-Score?
Paccar (PCAR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Paccar's earnings high quality?
Paccar (PCAR) has an earnings quality ratio of 1.86x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Paccar?
Paccar (PCAR) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.