PACCAR (PCAR) financial statements
PACCAR reported revenue of $28.4B in fiscal 2025, up 5.9% a year over 9 years.
Net income was $2.4B.
Free cash flow was $3.7B, and the company returned $2.3B in dividends and $36M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PACCAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0B | $19.5B | $23.5B | $25.6B | $18.7B | $23.5B | $28.8B | $35.1B | $33.7B | $28.4B |
| Cost of revenue | — | — | — | — | — | — | $23.3B | $26.9B | $26.1B | $22.7B |
| Gross profit | — | — | — | — | — | — | $5.5B | $8.2B | $7.6B | $5.7B |
| Research and development | — | — | — | — | — | — | $341M | $411M | $453M | $446M |
| Selling, general and admin | — | — | — | — | — | — | $726M | $753M | $744M | $736M |
| Pre-tax income | $1.1B | $2.2B | $2.8B | $3.1B | $1.7B | $2.4B | $3.8B | $5.7B | $5.4B | $3.0B |
| Income tax | $609M | $498M | $615M | $711M | $360M | $531M | $837M | $1.1B | $1.2B | $648M |
| Net income | $522M | $1.7B | $2.2B | $2.4B | $1.3B | $1.9B | $3.0B | $4.6B | $4.2B | $2.4B |
| EPS (diluted) | $0.99 | $3.17 | $4.16 | $4.58 | $2.50 | $3.57 | $5.75 | $8.76 | $7.90 | $4.51 |
| Diluted shares | 528M | 529M | 528M | 521M | 521M | 523M | 523M | 525M | 527M | 527M |
| Gross margin | — | — | — | — | — | — | 19.2% | 23.4% | 22.6% | 20.1% |
| Net margin | 3.1% | 8.6% | 9.3% | 9.3% | 6.9% | 7.9% | 10.4% | 13.1% | 12.4% | 8.4% |
Balance sheet
Fiscal years, from PACCAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.9B | $2.4B | $3.4B | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | $2.0B | — | — | — | — |
| Property, plant and equipment | $2.3B | $2.5B | $2.5B | $2.9B | $3.3B | $3.4B | $3.5B | $3.8B | $4.0B | $4.5B |
| Goodwill | $103M | $117M | $112M | $109M | $119M | $111M | $104M | $107M | $101M | $114M |
| Total assets | $20.6B | $23.4B | $25.5B | $28.4B | $28.4B | $29.5B | $33.3B | $40.8B | $43.4B | $44.3B |
| Total liabilities | $13.9B | $15.4B | $16.9B | $18.7B | $17.7B | $17.9B | $20.1B | $24.9B | $25.9B | $25.1B |
| Shareholders' equity | $6.8B | $8.1B | $8.6B | $9.7B | $10.5B | $11.6B | $13.2B | $15.9B | $17.5B | $19.3B |
| Net debt | -$1.9B | -$2.4B | -$3.4B | — | — | — | — | — | — | — |
Cash flow
Fiscal years, from PACCAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.3B | $2.7B | $3.0B | $2.9B | $3.0B | $2.2B | $3.0B | $4.2B | $4.6B | $4.4B |
| Capital spending | $375M | $423M | $458M | $574M | $550M | $559M | $525M | $695M | $839M | $743M |
| Free cash flow | $1.9B | $2.3B | $2.5B | $2.3B | $2.4B | $1.6B | $2.5B | $3.5B | $3.8B | $3.7B |
| Stock-based compensation | $13M | $13M | $13M | $15M | $13M | $15M | $17M | $21M | $23M | $24M |
| Dividends paid | $829M | $558M | $804M | $1.1B | $1.2B | $708M | $1.0B | $1.5B | $2.3B | $2.3B |
| Share buybacks (net) | -$70M | — | -$354M | -$110M | -$42M | -$2M | -$2M | -$4M | -$4M | -$36M |
| Net borrowing | $47M | $125M | $1.2B | $1.3B | -$580M | -$211M | $1.3B | $2.6B | $2.1B | -$823M |
| Free cash flow margin | 11.3% | 11.8% | 10.8% | 8.9% | 13.0% | 6.9% | 8.7% | 9.9% | 11.3% | 12.9% |
| Dividends per share | $1.57 | $1.05 | $1.52 | $2.18 | $2.38 | $1.35 | $1.92 | $2.89 | $4.35 | $4.30 |
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Open PCAR in InvestinglyQuestions
What was PACCAR's revenue in 2025?
$28.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does PACCAR generate?
$3.7B in fiscal 2025 (operating cash flow minus capital spending).
From PACCAR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.