NASDAQ : PCAR
PACCAR Inc — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 101.89 USD (Oct 30, 2026, 2:30 PM EDT) · Market cap 53.65B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
PACCAR Inc (PCAR) reported revenue of 29.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 26.86B | 26.24B | 31.56B | 33.32B | 27.31B | 21.83B |
| Other Revenue | 2.22B | 2.21B | 2.10B | 1.81B | 1.51B | 1.69B |
| Revenue | 29.08B | 28.44B | 33.66B | 35.13B | 28.82B | 23.52B |
| Cost of Revenue | 23.22B | 22.74B | 26.07B | 26.89B | 23.29B | 19.09B |
| Gross Profit | 4.13B | 3.98B | 5.93B | 6.96B | 4.61B | 3.18B |
| Selling, General & Admin | 456.50M | 472.70M | 484.90M | 507.60M | 491.80M | 468.90M |
| Research & Development | 438.50M | 445.50M | 452.90M | 410.90M | 341.20M | 324.10M |
| Operating Expenses | 895.00M | 918.20M | 937.80M | 918.50M | 833.00M | 793.00M |
| Operating Income | 3.24B | 3.07B | 4.99B | 6.04B | 3.78B | 2.39B |
| Interest Expense | -23.40M | -35.90M | -17.90M | -7.30M | ||
| Interest & Investment Income | 330.60M | 348.70M | 394.70M | 292.20M | 63.10M | 15.50M |
| Currency Exchange Gain (Loss) | 1.30M | -38.80M | 35.60M | 800.00K | 6.40M | 1.40M |
| EBT Excluding Unusual Items | 3.55B | 3.38B | 5.39B | 6.32B | 3.85B | 2.40B |
| Gain (Loss) on Sale of Assets | 14.00M | |||||
| Legal Settlements | -350.00M | -600.00M | ||||
| Other Unusual Items | -2.00M | -2.00M | ||||
| Pretax Income | 3.54B | 3.02B | 5.40B | 5.72B | 3.85B | 2.40B |
| Income Tax Expense | 782.00M | 647.70M | 1.24B | 1.12B | 837.10M | 530.80M |
| Net Income | 2.76B | 2.38B | 4.16B | 4.60B | 3.01B | 1.87B |
| Net Income to Common | 2.76B | 2.38B | 4.16B | 4.60B | 3.01B | 1.87B |
| Shares Outstanding (Basic) | 526.65M | 525.90M | 525.30M | 523.90M | 522.60M | 521.70M |
| Shares Outstanding (Diluted) | 527.40M | 526.80M | 526.60M | 525.00M | 523.40M | 522.70M |
| EPS (Basic) | 5.24 | 4.52 | 7.92 | 8.78 | 5.76 | 3.58 |
| EPS (Diluted) | 5.24 | 4.51 | 7.90 | 8.76 | 5.75 | 3.57 |
| Free Cash Flow | 2.17B | 3.03B | 2.90B | 2.93B | 1.64B | 553.90M |
| Free Cash Flow Per Share | 4.11 | 5.75 | 5.50 | 5.58 | 3.13 | 1.06 |
| Dividend Per Share | 1.36 | 1.32 | 1.17 | 1.04 | 0.94 | 0.90 |
| Gross Margin | 14.21% | 14.01% | 17.62% | 19.82% | 16.00% | 13.52% |
| Operating Margin | 11.13% | 10.78% | 14.83% | 17.20% | 13.11% | 10.15% |
| Profit Margin | 9.50% | 8.35% | 12.36% | 13.10% | 10.45% | 7.93% |
| Free Cash Flow Margin | 7.45% | 10.65% | 8.60% | 8.33% | 5.68% | 2.35% |
| EBITDA | 3.63B | 3.42B | 5.36B | 6.97B | 4.57B | 3.29B |
| EBITDA Margin | 12.47% | 12.03% | 15.94% | 19.83% | 15.86% | 13.99% |
| D&A For EBITDA | 388.60M | 357.40M | 372.20M | 923.90M | 790.20M | 903.30M |
| EBIT | 3.24B | 3.07B | 4.99B | 6.04B | 3.78B | 2.39B |
| EBIT Margin | 11.13% | 10.78% | 14.83% | 17.20% | 13.11% | 10.15% |
| Effective Tax Rate | 22.07% | 21.42% | 22.94% | 19.54% | 21.75% | 22.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.99B | 6.05B | 6.87B | 6.84B | 4.54B | 3.25B |
| Short-Term Investments | 3.25B | 3.21B | 2.78B | 1.82B | 1.61B | 1.56B |
| Cash & Short-Term Investments | 9.24B | 9.25B | 9.65B | 8.66B | 6.16B | 4.81B |
| Accounts Receivable | 2.59B | 1.62B | 1.54B | 1.82B | 1.60B | 1.28B |
| Other Receivables | 365.80M | 395.80M | 375.40M | 319.70M | 298.70M | |
| Receivables | 2.59B | 1.98B | 1.93B | 2.20B | 1.92B | 1.58B |
| Inventory | 2.57B | 2.19B | 2.37B | 2.58B | 2.20B | 1.98B |
| Finance Div. Loans and Leases | 19.37B | 19.61B | 19.15B | 17.40B | 13.67B | 11.80B |
| Finance Div. Other Current Assets | 690.20M | 941.50M | 968.70M | 875.70M | 477.60M | 426.90M |
| Other Current Assets | 876.20M | 903.90M | 751.20M | 680.60M | 682.00M | 732.90M |
| Total Current Assets | 35.33B | 34.88B | 34.82B | 32.39B | 25.11B | 21.32B |
| Property, Plant & Equipment | 6.51B | 4.62B | 4.12B | 3.98B | 3.70B | 3.73B |
| Long-Term Deferred Tax Assets | 230.00M | 485.20M | 502.60M | 199.00M | 51.50M | |
| Other Long-Term Assets | 2.45B | 2.35B | 1.70B | 1.27B | 1.24B | 1.21B |
| Total Assets | 45.14B | 44.34B | 43.42B | 40.82B | 33.28B | 29.51B |
| Accounts Payable | 5.09B | 1.46B | 1.60B | 1.67B | 1.67B | 1.39B |
| Accrued Expenses | 1.44B | 1.31B | 1.34B | 1.16B | 921.90M | |
| Current Portion of Leases | 19.90M | 18.70M | 16.80M | 13.50M | 14.70M | |
| Finance Div. Debt Current | 142.10M | 8.36B | 5.53B | 5.20B | 3.35B | 3.08B |
| Finance Div. Other Current Liabilities | 911.50M | 906.30M | 1.10B | 994.20M | 830.60M | 623.30M |
| Current Unearned Revenue | 1.41B | 1.29B | 1.22B | 892.50M | 259.50M | |
| Other Current Liabilities | 319.40M | 2.50B | 3.31B | 3.63B | 2.54B | 1.99B |
| Total Current Liabilities | 6.46B | 16.08B | 14.17B | 14.06B | 10.45B | 8.29B |
| Finance Div. Debt Long-Term | 14.96B | 7.35B | 10.41B | 9.17B | 8.21B | 7.41B |
| Finance Div. Other Long-Term Liabilities | 546.90M | 559.00M | 533.20M | 563.30M | 532.20M | 531.50M |
| Long-Term Leases | 43.90M | 54.40M | 57.10M | 32.00M | 22.30M | |
| Long-Term Unearned Revenue | 11.50M | 20.10M | 22.90M | 46.90M | 585.30M | |
| Pension & Post-Retirement Benefits | 117.30M | 114.00M | 120.20M | 105.00M | ||
| Long-Term Deferred Tax Liabilities | 170.30M | 102.70M | 78.80M | 75.50M | 91.50M | |
| Other Long-Term Liabilities | 2.24B | 733.30M | 512.30M | 874.60M | 657.00M | 993.00M |
| Total Liabilities | 24.21B | 25.07B | 25.91B | 24.94B | 20.11B | 17.92B |
| Common Stock | 526.50M | 525.40M | 524.40M | 523.30M | 522.00M | 347.30M |
| Additional Paid-In Capital | 461.90M | 379.20M | 344.80M | 269.10M | 196.10M | 142.00M |
| Retained Earnings | 20.36B | 18.70B | 17.75B | 15.78B | 13.40B | 12.03B |
| Comprehensive Income & Other | -411.20M | -336.70M | -1.11B | -693.90M | -953.40M | -921.10M |
| Shareholders' Equity | 20.93B | 19.26B | 17.51B | 15.88B | 13.17B | 11.59B |
| Total Liabilities & Equity | 45.14B | 44.34B | 43.42B | 40.82B | 33.28B | 29.51B |
| Total Debt | 15.10B | 15.78B | 16.01B | 14.44B | 11.60B | 10.52B |
| Net Cash (Debt) | -5.86B | -6.52B | -6.36B | -5.78B | -5.44B | -5.71B |
| Net Cash Per Share | -11.12 | -12.38 | -12.08 | -11.01 | -10.40 | -10.92 |
| Filing Date Shares Outstanding | 526.51M | 525.89M | 524.80M | 523.88M | 522.51M | 521.36M |
| Total Common Shares Outstanding | 526.45M | 525.40M | 524.40M | 523.30M | 522.00M | 520.95M |
| Working Capital | 28.87B | 18.79B | 20.66B | 18.33B | 14.65B | 13.04B |
| Book Value Per Share | 39.76 | 36.67 | 33.38 | 30.34 | 25.22 | 22.26 |
| Tangible Book Value | 20.93B | 19.26B | 17.51B | 15.88B | 13.17B | 11.59B |
| Tangible Book Value Per Share | 39.76 | 36.67 | 33.38 | 30.34 | 25.22 | 22.26 |
| Land | 370.60M | 331.70M | 325.70M | 269.90M | 277.60M | |
| Buildings | 1.93B | 1.73B | 1.70B | 1.61B | 1.60B | |
| Machinery | 6.06B | 5.57B | 5.34B | 5.09B | 5.08B | |
| Construction In Progress | 1.03B | 746.10M | 676.30M | 424.10M | 313.90M | |
| Order Backlog | 4.90B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.76B | 2.38B | 4.16B | 4.60B | 3.01B | 1.87B |
| Depreciation & Amortization | 388.60M | 357.40M | 372.20M | 923.90M | 790.20M | 903.30M |
| Other Amortization | 452.20M | 470.00M | 544.70M | |||
| Other Operating Activities | -92.40M | 369.30M | -93.80M | -284.50M | -233.20M | -213.40M |
| Change in Accounts Receivable | -229.90M | 1.11B | -321.80M | -1.70B | -1.38B | -322.10M |
| Change in Inventory | -318.80M | 296.40M | 42.50M | -350.70M | -272.70M | -628.00M |
| Change in Accounts Payable | 380.20M | -432.60M | 279.40M | 375.80M | 840.30M | 693.40M |
| Change in Other Net Operating Assets | -254.10M | -254.10M | -419.90M | 590.50M | 262.40M | -112.50M |
| Operating Cash Flow | 3.66B | 4.42B | 4.64B | 4.19B | 3.03B | 2.19B |
| Capital Expenditures | -1.50B | -1.39B | -1.75B | -1.26B | -1.39B | -1.63B |
| Sale of Property, Plant & Equipment | 671.60M | 680.80M | 696.10M | 614.50M | 687.70M | 904.10M |
| Investment in Securities | -591.80M | -539.10M | -1.17B | -163.60M | -170.30M | -176.10M |
| Other Investing Activities | -22.30M | -3.40M | 74.00M | 17.50M | 26.70M | -12.80M |
| Investing Cash Flow | -1.58B | -2.27B | -4.49B | -2.87B | -2.03B | -1.36B |
| Short-Term Debt Issued | 699.90M | 1.72B | 370.10M | 24.70M | ||
| Long-Term Debt Issued | 3.15B | 3.89B | 3.08B | 3.17B | 2.10B | |
| Total Debt Issued | 3.31B | 3.15B | 4.59B | 4.81B | 3.54B | 2.13B |
| Short-Term Debt Repaid | -1.13B | |||||
| Long-Term Debt Repaid | -2.84B | -2.47B | -2.23B | -2.27B | -2.34B | |
| Total Debt Repaid | -4.14B | -3.97B | -2.47B | -2.23B | -2.27B | -2.34B |
| Net Debt Issued (Repaid) | -828.90M | -822.60M | 2.12B | 2.57B | 1.28B | -210.90M |
| Issuance of Common Stock | 71.20M | 43.40M | 51.90M | 51.50M | 35.70M | 37.50M |
| Repurchase of Common Stock | -6.50M | -36.10M | -4.50M | -3.50M | -2.10M | -1.50M |
| Common Dividends Paid | -1.45B | -2.27B | -2.29B | -1.52B | -4.70M | -708.00M |
| Financing Cash Flow | -2.22B | -3.08B | -123.10M | 1.10B | 304.90M | -882.90M |
| Foreign Exchange Rate Adjustments | -20.60M | 180.90M | -151.40M | 69.60M | -36.30M | -52.40M |
| Net Cash Flow | -152.20M | -752.90M | -120.90M | 2.49B | 1.26B | -111.30M |
| Free Cash Flow | 2.17B | 3.03B | 2.90B | 2.93B | 1.64B | 553.90M |
| Free Cash Flow Margin | 7.45% | 10.65% | 8.60% | 8.33% | 5.68% | 2.35% |
| Free Cash Flow Per Share | 4.11 | 5.75 | 5.50 | 5.58 | 3.13 | 1.06 |
| Levered Free Cash Flow | 1.74B | 2.85B | 951.17M | 2.27B | 1.51B | 254.53M |
| Unlevered Free Cash Flow | 1.75B | 2.85B | 973.61M | 2.28B | 1.51B | 259.09M |
| Cash Interest Paid | 692.80M | 692.80M | 571.80M | 396.50M | 169.10M | 104.80M |
| Cash Income Tax Paid | 646.30M | 646.30M | 1.32B | 1.50B | 932.10M | 761.10M |
| Change in Working Capital | 1.90M | 718.80M | -419.80M | -1.08B | -547.10M | -369.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 54.58B | 57.52B | 54.54B | 51.08B | 34.42B | 30.64B |
| Enterprise Value | 60.44B | 64.42B | 61.00B | 56.65B | 40.10B | 36.90B |
| Last Close Price | 101.91 | 108.60 | 100.52 | 90.72 | 58.52 | 50.02 |
| PE Ratio | 19.78 | 24.21 | 13.10 | 11.10 | 11.43 | 16.43 |
| Forward PE | 15.89 | 21.77 | 14.23 | 12.16 | 11.74 | 13.97 |
| PS Ratio | 1.88 | 2.02 | 1.62 | 1.45 | 1.19 | 1.30 |
| PB Ratio | 2.56 | 2.99 | 3.12 | 3.22 | 2.61 | 2.64 |
| P/TBV Ratio | 2.61 | 2.99 | 3.12 | 3.22 | 2.61 | 2.64 |
| P/FCF Ratio | 25.23 | 18.99 | 18.84 | 17.45 | 21.03 | 55.32 |
| P/OCF Ratio | 14.91 | 13.03 | 11.75 | 12.19 | 11.37 | 14.01 |
| PEG Ratio | 0.81 | 14.64 | 9.52 | 4.32 | 1.20 | 0.73 |
| EV/Sales Ratio | 2.08 | 2.27 | 1.81 | 1.61 | 1.39 | 1.57 |
| EV/EBITDA Ratio | 16.68 | 18.82 | 11.37 | 8.13 | 8.78 | 11.22 |
| EV/EBIT Ratio | 18.69 | 21.01 | 12.22 | 9.37 | 10.61 | 15.46 |
| EV/FCF Ratio | 27.94 | 21.27 | 21.07 | 19.35 | 24.50 | 66.62 |
| Debt / Equity Ratio | 0.72 | 0.82 | 0.91 | 0.91 | 0.88 | 0.91 |
| Debt / EBITDA Ratio | 4.13 | 4.57 | 2.97 | 2.07 | 2.53 | 3.18 |
| Debt / FCF Ratio | 6.97 | 5.21 | 5.53 | 4.93 | 7.09 | 19.00 |
| Net Debt / Equity Ratio | 0.28 | 0.34 | 0.36 | 0.36 | 0.41 | 0.49 |
| Net Debt / EBITDA Ratio | 1.62 | 1.91 | 1.19 | 0.83 | 1.19 | 1.74 |
| Net Debt / FCF Ratio | 2.71 | 2.15 | 2.20 | 1.97 | 3.33 | 10.31 |
| Asset Turnover | 0.65 | 0.65 | 0.80 | 0.95 | 0.92 | 0.81 |
| Inventory Turnover | 9.54 | 9.98 | 10.55 | 11.26 | 11.16 | 11.94 |
| Quick Ratio | 4.86 | 1.94 | 2.19 | 2.04 | 2.10 | 2.22 |
| Current Ratio | 5.47 | 2.17 | 2.46 | 2.30 | 2.40 | 2.57 |
| Return on Equity (ROE) | 13.71% | 12.92% | 24.93% | 31.68% | 24.32% | 16.97% |
| Return on Assets (ROA) | 4.53% | 4.37% | 7.41% | 10.19% | 7.52% | 5.16% |
| Return on Invested Capital (ROIC) | 9.47% | 9.70% | 16.90% | 24.15% | 16.47% | 10.97% |
| Return on Capital Employed (ROCE) | 8.40% | 10.90% | 17.10% | 22.60% | 16.60% | 11.20% |
| Earnings Yield | 5.06% | 4.13% | 7.63% | 9.01% | 8.75% | 6.09% |
| FCF Yield | 3.96% | 5.27% | 5.31% | 5.73% | 4.75% | 1.81% |
| Dividend Yield | 2.70% | 1.21% | 1.12% | 1.06% | 1.43% | 1.53% |
| Payout Ratio | 26.33% | 95.43% | 54.99% | 33.01% | 0.16% | 37.95% |
| Buyback Yield / Dilution | -0.11% | -0.04% | -0.30% | -0.31% | -0.13% | -0.29% |
| Total Shareholder Return | 2.59% | 1.17% | 0.82% | 0.76% | 1.29% | 1.24% |