PACCAR Inc
Financial Performance
PACCAR Revenue & Financials
Revenue
$28.4B (FY2025)
Market Cap
$65B
Net Income
$2.4B
Employees
25,900
What is PACCAR's revenue?
PACCAR had $28.4B in revenue for fiscal year 2025, down 15.5% from 2024. Net income was $2.4B.
- Latest revenue
- $28.4B (FY2025)
- Year-over-year
- -15.5%
- Growth rate (CAGR)
- 5.9% over 9 years
- Peak revenue
- $35.1B (FY2023)
- Years of data
- 10
- Employees
- 25,900
- How much profit does PACCAR make?
- PACCAR reported net income of $2.4B for fiscal year 2025. sec.gov
- How many employees does PACCAR have?
- PACCAR has about 25,900 employees.
Financial Analysis
PACCAR's revenue peaked at $35.13 billion in 2023, with $4.60 billion of net income. It then fell to $33.66 billion in 2024 and $28.44 billion in 2025. The 2025 net income of $2.38 billion included a $264.5 million after-tax charge for EU civil litigation. The company declared $2.72 per share of dividends for 2025, including a $1.40 year-end dividend. In 2026 it recovered: first-half net income was $1.36 billion against $1.23 billion a year earlier. PACCAR Inc is a colossal American manufacturer of medium- and heavy-duty commercial trucks, maintaining a robust market valuation generally exceeding $50 billion.
Revenue Trend Analysis
YoY Change
-15.5%
9-Year CAGR
+5.9%
Peak Year
2023
Trend
Mostly Growing
PACCAR Inc has 10 full fiscal year figures on this page, compounding at +5.9% annually over 9 years. The most recent year saw a 15.5% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $35.1B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $28.4B | $2.4B | -15.5% | PACCAR Inc annual report (Form 10-K, SEC EDGAR, filed 2026-02-18) Fiscal year ended 2025-12-31. |
| FY2024 | $33.7B | $4.2B | -4.2% | PACCAR Inc annual report (Form 10-K, SEC EDGAR, filed 2026-02-18) Fiscal year ended 2024-12-31. |
| FY2023 | $35.1B | $4.6B | +21.9% | PACCAR Inc annual report (Form 10-K, SEC EDGAR, filed 2026-02-18) Fiscal year ended 2023-12-31. |
| FY2022 | $28.8B | $3B | +22.5% | PACCAR Inc annual report (Form 10-K, fiscal 2022) Fiscal year ended 2022-12-31. |
| FY2021 | $23.5B | $1.9B | +25.6% | PACCAR Inc annual report (Form 10-K, fiscal 2021) Fiscal year ended 2021-12-31. |
| FY2020 | $18.7B | $1.3B | -26.8% | PACCAR Inc annual report (Form 10-K, fiscal 2020) Fiscal year ended 2020-12-31. |
| FY2019 | $25.6B | $2.4B | +9.0% | PACCAR Inc annual report (Form 10-K, fiscal 2019) Fiscal year ended 2019-12-31. |
| FY2018 | $23.5B | $2.2B | +20.8% | PACCAR Inc annual report (Form 10-K, fiscal 2018) Fiscal year ended 2018-12-31. |
| FY2017 | $19.5B | $1.7B | +14.2% | PACCAR Inc annual report (Form 10-K, fiscal 2017) Fiscal year ended 2017-12-31. |
| FY2016 | $17B | $521.7M | — | PACCAR Inc annual report (Form 10-K, fiscal 2016) Fiscal year ended 2016-12-31. |
Click any row to see year details.
PACCAR Inc balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $4.4B | $743M | $44.3B | $19.3B | $3.7B | Form 10-K |
| FY2024ended Dec 31, 2024 | $4.6B | $838.7M | $43.4B | $17.5B | $3.8B | Form 10-K |
| FY2023ended Dec 31, 2023 | $4.2B | $695M | $40.8B | $15.9B | $3.5B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3B | $525M | $33.3B | $13.2B | $2.5B | Form 10-K |
| FY2021ended Dec 31, 2021 | $2.2B | $559.1M | $29.5B | $11.6B | $1.6B | Form 10-K |
| FY2020ended Dec 31, 2020 | $3B | $550.4M | $28.4B | $10.5B | $2.4B | Form 10-K |
| FY2019ended Dec 31, 2019 | $2.9B | $574M | $28.4B | $9.7B | $2.3B | Form 10-K |
| FY2018ended Dec 31, 2018 | $3B | $457.6M | $25.5B | $8.6B | $2.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $2.7B | $423.4M | $23.4B | $8.1B | $2.3B | Form 10-K |
| FY2016ended Dec 31, 2016 | $2.3B | $375.2M | $20.6B | $6.8B | $1.9B | Form 10-K |
Keep researching PACCAR
PACCAR Revenue and Financial FAQ
What is PACCAR's annual revenue scale and net income profile?
PACCAR reported $28.44 billion of revenue and $2.38 billion of net income in 2025, down from $33.66 billion and $4.16 billion in 2024. First-half 2026 revenue was $14.32 billion and net income was $1.36 billion.
How profitable was PACCAR in Q2 2026?
Q2 2026 net income of $752.0 million on $7.55 billion of revenue is an after-tax return on revenue of about 10.0%.
How does PACCAR structure its capital allocation and shareholder returns?
PACCAR pays regular quarterly dividends plus a year-end extra dividend. It declared $2.72 per share for 2025, including a $1.40 year-end dividend, and $4.17 per share for 2024.
What is the financial scale of PACCAR Parts' annual revenues?
PACCAR Parts reported record quarterly revenue of $1.75 billion and $417.0 million of pre-tax income in Q2 2026, with $819.3 million of pre-tax income in the first half.
What is PACCAR's working capital structure and free cash flow generation?
PACCAR generated $1.67 billion of operating cash in the first half of 2026 and invested $274.2 million in capital projects and $223.4 million in R&D.
How does PACCAR manage debt across its manufacturing and financial services entities?
PACCAR maintains an essentially debt-free industrial balance sheet for its commercial manufacturing operations, holding billions in cash and marketable securities. Debt on the consolidated balance sheet is almost exclusively commercial paper and medium-term notes held by PACCAR Financial Services, matched directly against high-quality retail loan and lease receivables.
How do heavy-duty truck replacement cycles impact PACCAR's financial quarterly results?
Commercial truck purchasing follows a 3-to-5-year fleet renewal cycle driven by freight volumes, carrier profitability, used truck pricing, and environmental regulatory deadlines (such as EPA emissions standards). These factors create multi-quarter order surges followed by periods of supply-demand normalization.
Why has PACCAR paid uninterrupted annual dividends every year since 1941?
PACCAR maintains one of the longest continuous dividend streaks in industrial corporate history (over 84 consecutive years). It pairs regular quarterly dividends with large variable year-end extra cash dividends, paying out approximately 50% of annual net income while maintaining a debt-free industrial balance sheet.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "PACCAR Revenue & Financials." CorpDigest, https://corpdigest.com/company/paccar/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>PACCAR reported $28.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/paccar/financials" target="_blank" rel="noopener">CorpDigest — PACCAR financials</a></div>Related Financial Audits
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