NASDAQ: PCAR
Paccar
Industrials · Motor Vehicles & Passenger Car Bodies
52-week range
$93.86$139.24
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$57.8B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $22.4B |
| FY2017, ended Dec 31, 2017 | $25.0B |
| FY2018, ended Dec 31, 2018 | $19.8B |
| FY2019, ended Dec 31, 2019 | $27.4B |
| FY2020, ended Dec 31, 2020 | $29.9B |
| FY2021, ended Dec 31, 2021 | $30.7B |
| FY2022, ended Dec 31, 2022 | $34.5B |
| FY2023, ended Dec 31, 2023 | $51.2B |
| FY2024, ended Dec 31, 2024 | $54.6B |
| FY2025, ended Dec 31, 2025 | $57.6B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $57.8B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$29.1B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $17.0B |
| FY2017, ended Dec 31, 2017 | $19.5B |
| FY2018, ended Dec 31, 2018 | $23.5B |
| FY2019, ended Dec 31, 2019 | $25.6B |
| FY2020, ended Dec 31, 2020 | $18.7B |
| FY2021, ended Dec 31, 2021 | $23.5B |
| FY2022, ended Dec 31, 2022 | $28.8B |
| FY2023, ended Dec 31, 2023 | $35.1B |
| FY2024, ended Dec 31, 2024 | $33.7B |
| FY2025, ended Dec 31, 2025 | $28.4B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $29.1B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $522M | $1.93B |
| FY2017, ended Dec 31, 2017 | $1.68B | $2.29B |
| FY2018, ended Dec 31, 2018 | $2.20B | $2.53B |
| FY2019, ended Dec 31, 2019 | $2.39B | $2.29B |
| FY2020, ended Dec 31, 2020 | $1.30B | $2.44B |
| FY2021, ended Dec 31, 2021 | $1.87B | $1.63B |
| FY2022, ended Dec 31, 2022 | $3.01B | $2.50B |
| FY2023, ended Dec 31, 2023 | $4.60B | $3.50B |
| FY2024, ended Dec 31, 2024 | $4.16B | $3.80B |
| FY2025, ended Dec 31, 2025 | $2.38B | $3.67B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.76B | $3.05B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.—
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.92B |
| FY2017, ended Dec 31, 2017 | $2.36B |
| FY2018, ended Dec 31, 2018 | $3.44B |
| FY2019, ended Dec 31, 2019 | — |
| FY2020, ended Dec 31, 2020 | — |
| FY2021, ended Dec 31, 2021 | — |
| FY2022, ended Dec 31, 2022 | — |
| FY2023, ended Dec 31, 2023 | — |
| FY2024, ended Dec 31, 2024 | — |
| FY2025, ended Dec 31, 2025 | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.No figures for this period in the company’s filings.
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 0.0% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.527M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 526M |
| FY2017, ended Dec 31, 2017 | 528M |
| FY2018, ended Dec 31, 2018 | 520M |
| FY2019, ended Dec 31, 2019 | 520M |
| FY2020, ended Dec 31, 2020 | 520M |
| FY2021, ended Dec 31, 2021 | 521M |
| FY2022, ended Dec 31, 2022 | 523M |
| FY2023, ended Dec 31, 2023 | 524M |
| FY2024, ended Dec 31, 2024 | 525M |
| FY2025, ended Dec 31, 2025 | 526M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 527M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $19.4M more issued than bought back
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $70.5M | $13.1M |
| FY2017, ended Dec 31, 2017 | — | $12.7M |
| FY2018, ended Dec 31, 2018 | $354M | $13.2M |
| FY2019, ended Dec 31, 2019 | $110M | $15.1M |
| FY2020, ended Dec 31, 2020 | $42.1M | $13.0M |
| FY2021, ended Dec 31, 2021 | $1.50M | $14.7M |
| FY2022, ended Dec 31, 2022 | $2.10M | $17.1M |
| FY2023, ended Dec 31, 2023 | $3.50M | $21.2M |
| FY2024, ended Dec 31, 2024 | $4.50M | $22.9M |
| FY2025, ended Dec 31, 2025 | $36.1M | $24.1M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $6.50M | $25.9M |
Revenue (TTM)
$29.1B
−1.5% YoY
Net income (TTM)
$2.76B
+2.6% YoY
Cash
—
—
Total debt
—
—
Valuation
At current price- Market Cap
- $53.7B
- P/E
- 19.4×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.8×
- Price / Book
- 2.6×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $29.1B
- Revenue Growth YoY
- −1.5%
- Revenue CAGR 3Y
- −0.4%
- Revenue CAGR 5Y
- 8.7%
- EPS Growth YoY
- 2.7%
- Net Income Growth YoY
- 2.6%
Profitability
Trailing 12 months- Gross Margin
- 20.1%
- Operating Margin
- —
- Net Margin
- 9.5%
- FCF Margin
- 10.5%
- Return on Equity
- 13.7%
Earnings
Trailing 12 months- Net Income
- $2.76B
- EPS (diluted)
- $5.24
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- —
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $45.1B
- Total Liabilities
- $24.2B
- Shareholders' Equity
- $20.9B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $3.66B
- Capital Expenditure
- $619M
- Free Cash Flow
- $3.05B
Dividends and risk
Last 12 months- Dividend Yield
- 2.7%
- Dividend / Share
- $2.76
- Beta (5Y)
- 0.98
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $29.1B.
Note
Net margin of 9.5% over the last 12 months.
Note
Free cash flow of $3.05B, 10.5% of revenue.
Note
Pays a 2.7% dividend yield.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 28, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K37Serious concerns
37Serious concerns
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 18, 2026 · Read the filing on EDGAR
- Revenue fell 15% to $28.44 billion and net income fell 43% to $2.38 billion as truck deliveries dropped 22% in every major market.
- Truck segment pre-tax profit fell 69% to $871 million. Lower demand, weaker prices and US import tariffs squeezed its margin.
- A $350 million pre-tax charge for civil lawsuits in Europe, tied to the earlier European Commission case, reduced profit. Without it, net income would have been $2.64 billion.
- Late loan payments almost doubled to 2.4%, driven by Brazil, Mexico and US fleet customers. Parts and finance profits held up or grew.
Business momentum
Sharp deterioration
“Net income was $2.38 billion ($4.51 per diluted share) in 2025 compared to $4.16 billion ($7.90 per diluted share) in 2024.”
Outlook
Cautious
“While the Company has taken mitigating actions to reduce the impact, the ongoing impact from import tariffs on truck order intake and profit margins remains unfavorable.”
Financial stress
Low
“The Company’s total cash and marketable securities at December 31, 2025 decreased $324.0 million from the balances at December 31, 2024.”
Tone against the previous report
More negative
Red flags
- Medium
Major lawsuit
“In 2025, Other includes a $350.0 million charge related to civil litigation in Europe (EC-related claims) in the first quarter 2025.”
Positives
Parts sales grew, with more growth expected
“In 2026, PACCAR Parts sales are expected to increase 4-8% compared to 2025, depending on the economic conditions.”
Finance arm profit rose 11%
“PFS income before income taxes increased to $485.4 million in 2025 from $435.6 million in 2024”
Strong cash and steady operating cash flow
“Cash provided by operations decreased by $225.1 million to $4.42 billion in 2025 from $4.64 billion in 2024.”
Concerns
Truck profit collapsed
“Truck gross margin was 7.5% in 2025 compared to 13.9% in 2024 due to the factors noted above.”
Late payments and loan write-offs rising
“Accounts 30+ days past due increased to 2.4% at December 31, 2025 from 1.3% at December 31, 2024, primarily due to higher past due accounts in Brasil, the U.S. and Mexico.”
Losing market share and pricing power
“Average truck sales prices decreased sales by $306.2 million, primarily due to lower price realization in the U.S. and Canada and Europe, reflecting an increased competitive environment”
New risks since the previous report
US import tariffs raising costs and cutting truck orders
“The Company's truck and parts products have been negatively affected since March 2025 by import tariffs imposed by the U.S. government and actions taken by other countries.”
Loan problems in Brazil and Mexico
“The increased percentage of past due accounts in Brasil and Mexico reflected a decline in market conditions, including elevated interest rates in Brasil.”
More customers asking to delay loan payments
“The increase related to Insignificant delay modifications reflects an increase in customers requesting payment relief for up to three months, primarily in the U.S.”
Risk of failing to adopt AI well
“The Company's business, financial condition and result of operations may eventually be adversely affected if it fails to integrate these rapidly developing technologies in a timely, cost-effective, compliant and responsible manner.”
Biggest risks named
- Weak truck demand in all major markets
- US tariffs hurting orders and margins
- Rising late payments and credit losses in finance arm
- European civil lawsuits from the EC case
- Uncertain emissions rules and costly zero-emission shift
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | −2 | |
| Tone against the previous report | −2 | |
| Financial stress | 0 | |
| Red flags | −2.4 | |
| New risks | −2 | |
| Score | 37 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 28, 2026 | Pro | |||
| 10-K | Feb 18, 2026 | 37 | Sharp deterioration | 1 medium | |
| 10-K | Feb 19, 2025 | 48 | Weakening | None | |
| 10-K | Feb 21, 2024 | 66 | Strong improvement | 1 medium | |
| 10-K | Feb 22, 2023 | 74 | Strong improvement | None | |
| 10-K | Feb 23, 2022 | 76 | Strong improvement | None | |
| 10-K | Feb 17, 2021 | 46 | Sharp deterioration | None | |
| 10-K | Feb 19, 2020 | 61 | Improving | None | |
| 10-K | Feb 21, 2019 | 74 | Strong improvement | None | |
| 10-K | Feb 21, 2018 | 76 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 28, 2026. View filings on SEC EDGAR