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Makes heavy-duty trucks under the Kenworth, Peterbilt and DAF brands, plus truck engines and parts.
Makes heavy-duty trucks under the Kenworth, Peterbilt and DAF brands, plus truck engines and parts.
Sells trucks through independent dealers, so revenue follows truck orders; the parts business, which supplies replacement parts to the same fleets, provides steadier profit. PACCAR Financial lends to dealers and customers to support truck sales. Trucks are built in North America, Europe through DAF and Brazil.
Moat: narrow (brand, distribution). Strong Kenworth/Peterbilt brand loyalty and a dealer/parts network support resale value and repeat orders.
Headquarters: Bellevue, Washington, USA · Founded: 1905 · Employees: 25,900
Size Paccar (PCAR) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $53.7B, the 238th largest of 3,117 United States companies the cockpit tracks. Shares closed at $101.98 on 6 Nov 2026.
Performance Over six months the shares fell 10.5%, against -1.0% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 17 in its peer set.
Growth Revenue fell 1.5% over the last twelve months (peer median +9.1%); the operating margin is 11.1% (peer median 13.3%).
Valuation It trades at 15.4× forward earnings against a peer median of 19.2× (8th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points above its cost of capital (8.8% WACC).
Credit Paccar has 24 bonds outstanding ($9.58B), rated A+ by the agencies and trading like A+ at a weighted spread of 43 bp.
Short interest Short interest is 2.4% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $29.1B | $28.5B | $33.7B | $35.2B | $28.8B |
| Revenue growth | — | -15% | -4% | +22% | — |
| Gross profit | $4.56B | $4.14B | $6.37B | $7.25B | $4.74B |
| EBITDA | $4.07B | $3.66B | $6.02B | $6.96B | $4.48B |
| Net income | $2.76B | $2.38B | $4.16B | $4.60B | $3.01B |
| Free cash flow | $2.17B | $3.03B | $2.90B | $2.93B | $1.64B |
| Capital expenditure | $1.50B | $1.39B | $1.75B | $1.26B | $1.39B |
| Total debt | $15.0B | $15.7B | $16.0B | $14.3B | $11.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Paccar PCAR | $53.7B | -11% | -1% | 11% | 15.4× | 11.2% |
| Daimler Truck DTG.DE | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% |
| Traton 8TRA.DE | $18.9B | +2% | +1% | 6% | 6.1× | n/a |
| Isuzu Motors 7202.T | $9.26B | -1% | +5% | 6% | 8.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PCAR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -5.3% | 8th lowest of 17 |
| 6-month return | -10.5% | -1.0% | 6th lowest of 17 |
| Distance from 52-week high | -26.8% | -19.7% | 5th lowest of 17 |
| Revenue growth (TTM) | -1.5% | +9.1% | 3rd lowest of 17 |
| Operating margin | 11.1% | 13.3% | 6th lowest of 17 |
| Forward P/E | 15.4× | 19.2× | 8th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 11.2% | 7.5% | 7th most demanding of 17 |
| Growth delivered (Del g) | +8.7% | +9.0% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | +2.4 pp | -0.8 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +0.9 pp | +4.0 pp | 6th lowest of 17 |
| EV / EBITDA | 14.5× | 13.0× | 5th most expensive of 12 |
| Net debt / EBITDA | 1.4× | 1.5× | 6th least indebted of 12 |
| Bond spread | 43 bp | 77 bp | 2nd tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Paccar PCAR | United States | $53.7B | -11% | -1% | 11% | 15.4× | 11.2% | +8.7% |
| Wabtec WAB | United States | $47.6B | +7% | +13% | 18% | 23.8× | 17.0% | +8.1% |
| Sandvik SAND.ST | Sweden | $45.8B | -1% | +14% | 20% | 21.0× | 13.3% | +6.9% |
| Volvo VOLV-A.ST | Sweden | $65.2B | -1% | -3% | 12% | 14.7× | 5.4% | +7.2% |
| China CSSC 600150.SS | China | $39.7B | -16% | +80% | 8% | 13.3× | -7.8% | +22.4% |
| Komatsu 6301.T | Japan | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% | +13.6% |
| Epiroc EPI-A.ST | Sweden | $28.6B | -10% | +1% | 19% | 29.3× | 16.5% | +11.4% |
| CRRC 601766.SS | China | $27.0B | +10% | +2% | 6% | 13.0× | -6.4% | +3.8% |
| Sany Heavy Industry 600031.SS | China | $24.6B | -4% | +18% | 11% | 17.4× | -2.6% | -2.2% |
| Doosan Enerbility 034020.KS | South Korea | $21.1B | -65% | +9% | 5% | 82.3× | 22.7% | +13.2% |
| Hd Hyundai Heavy Industries 329180.KS | South Korea | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% | +16.2% |
| Kubota 6326.T | Japan | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% | +10.3% |
| Wartsila Oyj Abp WRT1V.HE | Finland | $17.1B | -25% | -2% | 13% | 23.5× | 7.2% | +8.5% |
| Deere & DE | United States | $181B | +17% | +8% | 20% | 32.0× | 16.2% | +5.1% |
| Metso METSO.HE | Finland | $15.8B | +14% | +8% | 15% | 23.6× | 15.3% | +9.6% |
| CNH Industrial CNH | United States | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% | -7.0% |
| Yangzijiang Shipbuilding (Holdings) BS6.SI | Singapore | $13.5B | +11% | +26% | 32% | 8.2× | -10.1% | +11.8% |
Paccar has 24 bonds outstanding with $9.58B face value. The agencies rate it A+; its bonds trade like A+. Weighted yield 4.62%, a spread of 43 bp over government bonds.