PACCAR Inc
- Open
- 123.15
- Day high
- 123.73
- Day low
- 122.79
- Prev close
- 122.13
- Volume
- 154K
- Mkt cap
- $64.8B
- P/E (TTM)
- 25.9
- EPS (TTM)
- $4.76
- P/B
- 3.2
- P/S
- 2.4
- Yield
- 2.24%
- Per share
- $2.76
- ▼Insiders net selling -$7.6M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
PACCAR Inc (PCAR) is a Industrials company listed on NASDAQ. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering PCAR.
PACCAR Inc (PCAR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PCAR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 28, 2026 | $1.36 | $1.43 | +5.1% | $7.0B | -0.8% |
| Apr 28, 2026 | $1.15 | $1.15 | +0.0% | $6.2B | -3.2% |
| Jan 27, 2026 | $1.06 | $1.06 | +0.0% | $6.8B | +12.7% |
| Oct 21, 2025 | $1.15 | $1.12 | -2.6% | $6.7B | +11.1% |
| Jul 22, 2025 | $1.29 | $1.37 | +6.2% | $7.5B | +7.4% |
| Jan 28, 2025 | $1.70 | $1.66 | -2.4% | $7.9B | +4.2% |
| Oct 22, 2024 | $1.82 | $1.85 | +1.6% | $8.2B | +7.6% |
| Jul 23, 2024 | $2.14 | $2.13 | -0.5% | $8.8B | +6.1% |
| Apr 30, 2024 | $2.20 | $2.27 | +3.2% | $8.7B | +6.0% |
| Jan 23, 2024 | $2.22 | $2.70 | +21.6% | $9.1B | +8.8% |
| Jul 25, 2023 | $2.18 | $2.33 | +6.9% | $8.9B | +7.9% |
| Jan 24, 2023 | $1.47 | $1.76 | +19.7% | $8.1B | +13.8% |
PCAR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 3, 2026 | FEIGHT R PRESTONdirector, officer: CHIEF EXECUTIVE OFFICER | Option | 70,519 | $71.95 |
| Aug 3, 2026 | Walters William Lanceofficer: Vice President | Sell | 1,000 | $133.50 |
| Aug 3, 2026 | FEIGHT R PRESTONdirector, officer: CHIEF EXECUTIVE OFFICER | Sell | 50,975 | $133.07 |
| Aug 3, 2026 | Bolgar Paulo Henriqueofficer: Vice President | Sell | 2,897 | $133.90 |
| Aug 3, 2026 | Poplawski Brice Jofficer: Sr. Vice President & CFO | Option | 1,970 | $71.95 |
| Aug 3, 2026 | Poplawski Brice Jofficer: Sr. Vice President & CFO | Sell | 1,970 | $132.50 |
| Aug 3, 2026 | Walters William Lanceofficer: Vice President | Option | 1,000 | $43.71 |
| May 11, 2026 | NIEKAMP CYNTHIA Adirector | Option | 6,981 | — |
| May 11, 2026 | NIEKAMP CYNTHIA Adirector | Tax | 105 | $114.31 |
| Apr 29, 2026 | Scheiter Dietmar A.director | Grant | 1,098 | — |
| Mar 2, 2026 | Bloch Laura Jofficer: Senior Vice President | Option | 1,061 | — |
| Mar 2, 2026 | Bolgar Paulo Henriqueofficer: Vice President | Tax | 296 | $126.09 |
| Mar 2, 2026 | Gryniewicz Craig Rofficer: Vice President | Option | 633 | — |
| Mar 2, 2026 | DOZIER C MICHAELofficer: EXECUTIVE VICE PRESIDENT | Option | 1,794 | — |
| Mar 2, 2026 | Bolgar Paulo Henriqueofficer: Vice President | Option | 750 | — |
Source: PCAR SEC Form 4 filings, latest Aug 3, 2026. For informational purposes only — not investment advice.
See the full PCAR insider & 13F page →PACCAR Inc company profile
Overview
PACCAR Inc (NASDAQ:PCAR) is a leading American manufacturer of commercial trucks and related services, founded in 1905 and headquartered in Bellevue, Washington. The company has achieved remarkable consistency with 86 consecutive years of net income and has paid dividends every year since 1941. PACCAR operates globally across North America, Europe, South America, and Australia, manufacturing trucks under the premium Kenworth, Peterbilt, and DAF brand names. The company has evolved from its early beginnings as a railroad car manufacturer into one of the world's largest producers of medium and heavy-duty commercial trucks, complemented by a substantial aftermarket parts business and financial services division.
Business
PACCAR operates in the commercial truck manufacturing industry, which serves as the backbone of freight transportation globally. The company designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks used for over-the-road hauling and off-highway applications. Commercial trucks are essential vehicles that transport goods across supply chains, from long-haul freight carriers moving products between cities to local delivery trucks serving businesses and consumers. The company operates through three distinct business segments. The Truck segment represents the core manufacturing business, producing vehicles under three premium brands: Kenworth and Peterbilt in North America, and DAF in Europe. These trucks range from Class 6-8 vehicles, with Class 8 representing the heaviest commercial trucks used for long-distance freight hauling. This segment generates approximately 75-80% of total revenues. The Parts segment distributes aftermarket parts and components for trucks and related commercial vehicles through an extensive dealer network. This business benefits from the installed base of PACCAR trucks in operation, as well as serving competitors' vehicles. The parts business typically generates around 20% of total revenues but contributes disproportionately to profits due to higher margins. The Financial Services segment provides financing and leasing solutions to customers and dealers under the PacLease brand name. This division offers full-service leasing, retail loans, equipment financing, and truck inventory financing to independent dealers. Financial services typically accounts for 3-5% of revenues but provides steady recurring income streams.
Revenue model
PACCAR generates revenue through multiple complementary business models that create a diversified income stream. The primary revenue source is product sales from truck manufacturing, where the company sells vehicles to independent dealers who then sell to end customers including trucking companies, independent owner-operators, and fleet operators. Truck sales are typically one-time transactions with pricing that reflects the premium positioning of PACCAR's brands. The parts business operates on a product sales model with ongoing replacement and maintenance needs driving recurring revenues. This segment benefits from the captive customer base of PACCAR truck owners who require genuine parts for optimal performance, though the company also serves competitors' vehicles. Parts sales generate higher margins than truck sales due to the specialized nature of components and lower price sensitivity for critical maintenance items. The financial services division employs financing and leasing revenue models, earning income through interest on loans, lease payments, and various fees. This segment provides steady cash flows and helps facilitate truck sales by offering competitive financing options to customers. Several factors influence PACCAR's margins and profitability. Commodity price fluctuations in steel, aluminum, and other raw materials directly impact manufacturing costs. Regulatory changes, particularly emissions standards, can increase production costs significantly - the upcoming 2027 EPA regulations are estimated to add $10,000-$15,000 per truck in compliance costs. Economic cycles heavily influence demand, as freight volumes and trucking company profitability drive new truck purchases. Used truck pricing affects new truck demand, as customers may defer purchases when used alternatives are readily available. Competitive dynamics and the company's ability to maintain premium pricing through superior product quality and dealer relationships also impact margins.
Competitive moat
PACCAR possesses a moderate to strong competitive moat built on several key advantages, though the truck manufacturing industry remains competitive. The company's primary moat stems from its premium brand positioning with Kenworth, Peterbilt, and DAF trucks commanding price premiums due to superior quality, fuel efficiency, and total cost of ownership. This brand strength is reinforced by decades of reputation building and customer loyalty in an industry where reliability is paramount. The company's extensive dealer network creates significant switching costs for customers and barriers for competitors. PACCAR's independent dealer relationships provide local service capabilities and financing options that are difficult to replicate. The parts business particularly benefits from this network, as customers prefer genuine parts and convenient service locations. Scale advantages in manufacturing and R&D spending provide cost efficiencies that smaller competitors cannot match. PACCAR's global footprint allows for geographic diversification and shared technology development across markets. The company's consistent profitability enables sustained investment in new technologies and manufacturing capabilities. However, the moat faces several challenges. The truck manufacturing industry has low barriers to entry for well-capitalized competitors, as evidenced by new entrants in electric vehicles. Cyclical demand patterns can erode pricing power during downturns when customers become more price-sensitive. Technological disruption from electric and autonomous vehicles could potentially level the competitive playing field, though PACCAR is investing heavily in these areas. The company also faces competition from larger global manufacturers like Daimler, Volvo, and emerging Chinese manufacturers who may compete on price rather than premium positioning.
Risks & safety
PACCAR demonstrates strong financial stability with substantial cash reserves and manageable debt levels, providing a solid margin of safety for investors. • Cash position: $5.5 billion in cash and short-term investments as of Q1 2025, providing significant liquidity buffer • Debt management: Debt-to-equity ratio of 0.87, which is reasonable for a capital-intensive manufacturing business • Current ratio: 2.79, indicating strong ability to meet short-term obligations • Cash flow generation: Positive operating cash flow of $910 million in Q1 2025, with free cash flow of $585 million • Valuation metrics: Trading at 25.3x P/E ratio and 14.1x EV/EBITDA, which appears reasonable for a quality industrial company • Profitability consistency: 86 consecutive years of net income demonstrates remarkable earnings stability • Dividend history: Uninterrupted dividend payments since 1941, indicating conservative financial management
Recent development
Over the past few years, PACCAR has undertaken several strategic initiatives to position itself for industry transformation and maintain competitive advantages. The company has significantly increased its R&D investments, spending $450-$480 million annually on developing next-generation powertrains, advanced driver assistance systems, and connected vehicle services. This investment focus reflects the industry's shift toward electrification and autonomous technologies. A major strategic move was the formation of Amplify Cell Technologies, a joint venture with Cummins, Daimler Truck, and EVE Energy to produce lithium-ion battery cells specifically for commercial vehicles. This partnership addresses the critical component shortage in electric vehicle adoption and provides PACCAR with secure access to battery technology. The company has launched nine electric vehicle models and expects to scale production based on market demand. PACCAR has also expanded its manufacturing footprint with investments in facilities across Brazil, Mississippi, and Washington State to support growing demand and improve supply chain resilience. The company opened new parts distribution centers, including a facility in Germany, to enhance its aftermarket service capabilities. The connected vehicle technology initiative represents another key development, enabling remote diagnostics, predictive maintenance, and improved fleet management capabilities. This technology supports both the parts business growth and enhances customer value proposition. Recent leadership changes include promoting Kevin Baney to head PACCAR Financial Services and Brice Poplawski to Senior VP and CFO, indicating succession planning and organizational development.
PCAR company profile · for informational purposes only — not investment advice.
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