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PACCAR (PCAR)

Market Price (12/25/2025): $111.515 | Market Cap: $58.6 Bil
Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

PACCAR (PCAR)

Market Price (12/25/2025): $111.515
Market Cap: $58.6 Bil
Sector: Industrials
Industry: Construction Machinery & Heavy Transportation Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 5.4%		 Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -4.6%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg QQuarterly Revenue Change % is -19%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.7 Bil, FCF LTM is 3.2 Bil		 Weak multi-year price returns
2Y Excs Rtn is -23%		 Key risks
PCAR key risks include [1] navigating regulatory uncertainty and increased expenditures from new emissions mandates, Show more.
2 Low stock price volatility
Vol 12M is 29%		  
3 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 5.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.7 Bil, FCF LTM is 3.2 Bil
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.
4 Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -4.6%
5 Weak multi-year price returns
2Y Excs Rtn is -23%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg QQuarterly Revenue Change % is -19%
7 Key risks
PCAR key risks include [1] navigating regulatory uncertainty and increased expenditures from new emissions mandates, Show more.

Valuation, Metrics & Events

PCAR Stock

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

PACCAR (PCAR) stock experienced notable movements between August 31, 2025, and December 25, 2025, influenced by a combination of financial results, dividend announcements, and market outlooks. The stock's performance during this period was marked by key operational achievements and analyst reactions.

1. Strong Third Quarter 2025 Financial Results: PACCAR reported consolidated net sales and revenues of $6.67 billion for the third quarter of 2025, surpassing analyst estimates. While net income of $590.0 million was a decrease from the prior year, it reflected strong performance from diversified segments, including record revenues of $1.72 billion from PACCAR Parts and a pretax income of $126.2 million from PACCAR Financial Services. These results, announced on October 21, 2025, contributed to market sentiment.

2. Dividend Declarations and Shareholder Returns: PACCAR declared a regular quarterly cash dividend on December 9, 2025, along with an extra cash dividend of $1.40 per share, payable in early 2026. This announcement led to a 4.2% rise in PACCAR shares in the subsequent trading session, signaling management's confidence and commitment to shareholder value. Additionally, a regular quarterly cash dividend was also declared on September 9, 2025.

Show more

Stock Movement Drivers

Fundamental Drivers

The 16.9% change in PCAR stock from 9/24/2025 to 12/24/2025 was primarily driven by a 33.6% change in the company's P/E Multiple.
924202512242025Change
Stock Price ($)95.35111.5116.95%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)31099.6029531.50-5.04%
Net Income Margin (%)9.88%9.11%-7.78%
P/E Multiple16.3221.7933.55%
Shares Outstanding (Mil)525.90525.900.00%
Cumulative Contribution16.95%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
PCAR16.9% 
Market (SPY)4.4%34.5%
Sector (XLI)3.4%53.2%

Fundamental Drivers

The 20.8% change in PCAR stock from 6/25/2025 to 12/24/2025 was primarily driven by a 55.8% change in the company's P/E Multiple.
625202512242025Change
Stock Price ($)92.34111.5120.76%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)32361.2029531.50-8.74%
Net Income Margin (%)10.73%9.11%-15.07%
P/E Multiple13.9921.7955.80%
Shares Outstanding (Mil)525.90525.900.00%
Cumulative Contribution20.76%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
PCAR20.8% 
Market (SPY)14.0%31.9%
Sector (XLI)10.0%49.8%

Fundamental Drivers

The 8.8% change in PCAR stock from 12/24/2024 to 12/24/2025 was primarily driven by a 90.5% change in the company's P/E Multiple.
1224202412242025Change
Stock Price ($)102.50111.518.79%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)34832.9029531.50-15.22%
Net Income Margin (%)13.51%9.11%-32.57%
P/E Multiple11.4421.7990.50%
Shares Outstanding (Mil)525.40525.90-0.10%
Cumulative Contribution8.79%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
PCAR8.8% 
Market (SPY)15.8%55.3%
Sector (XLI)18.6%64.1%

Fundamental Drivers

The 86.0% change in PCAR stock from 12/25/2022 to 12/24/2025 was primarily driven by a 81.4% change in the company's P/E Multiple.
1225202212242025Change
Stock Price ($)59.95111.5185.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)27376.3029531.507.87%
Net Income Margin (%)9.53%9.11%-4.39%
P/E Multiple12.0121.7981.43%
Shares Outstanding (Mil)522.70525.90-0.61%
Cumulative Contribution85.98%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
PCAR22.1% 
Market (SPY)48.9%51.0%
Sector (XLI)42.7%61.7%

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
PCAR Return12%6%17%55%11%10%161%
Peers Return157%16%-7%39%43%34%639%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
PCAR Win Rate58%50%42%67%58%67% 
Peers Win Rate62%60%42%55%67%58% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
PCAR Max Drawdown-37%-8%-10%-1%-6%-17% 
Peers Max Drawdown-37%-10%-30%-11%-14%-27% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CAT, CMI, OSK, TSLA, ALSN. See PCAR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventPCARS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-20.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven26.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven400 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-37.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven59.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven119 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-30.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven43.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven376 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-67.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven211.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,817 days1,480 days

Compare to GM, F, RIVN, OSK, LCID

In The Past

PACCAR's stock fell -20.9% during the 2022 Inflation Shock from a high on 2/10/2021. A -20.9% loss requires a 26.4% gain to breakeven.

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About PACCAR (PCAR)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe PACCAR:

  • The Ford or General Motors of commercial heavy-duty trucks.
  • The Mercedes-Benz or BMW of semi-trucks.

AI Analysis | Feedback

  • Kenworth Trucks: Manufactures and distributes premium medium and heavy-duty commercial trucks.
  • Peterbilt Trucks: Manufactures and distributes premium medium and heavy-duty commercial trucks.
  • DAF Trucks: Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks, primarily in Europe.
  • PACCAR Parts: Distributes a comprehensive range of aftermarket parts for trucks and trailers.
  • PACCAR Financial Services: Provides financing, leasing, and insurance products to dealers and customers for PACCAR trucks and related equipment.

AI Analysis | Feedback

PACCAR (PCAR) primarily sells its products, including Kenworth, Peterbilt, and DAF trucks, along with related parts and financial services, to other companies.

PACCAR's sales model relies on a global network of over 2,300 independent dealer locations. Therefore, PACCAR's *direct* customers for its trucks and parts are these **independent dealerships**. These dealerships are typically privately owned businesses, and PACCAR does not disclose individual dealerships as major customers.

The ultimate end-users of PACCAR's products are a diverse array of businesses across various industries. Due to the highly fragmented nature of the commercial truck market, PACCAR does not typically disclose specific publicly traded companies as major end-user customers, as no single entity accounts for a significant portion of its overall sales. Instead, its sales are distributed among thousands of businesses worldwide. These end-users, who purchase PACCAR trucks through its dealer network, generally fall into the following broad categories:

  • Trucking and Logistics Companies: This category includes a wide spectrum of businesses, from large national freight carriers to smaller regional operators and independent owner-operators. They utilize PACCAR's heavy and medium-duty trucks for various transportation needs, including long-haul freight, regional distribution, and specialized hauling services.
  • Construction and Vocational Businesses: These are companies operating in sectors such as construction, mining, waste management, utilities, agriculture, and other specialized fields. They require durable and often custom-configured trucks for specific job site applications and heavy-duty tasks.
  • Governmental Agencies and Municipalities: Public sector entities that acquire trucks for a range of public services, including infrastructure maintenance, refuse collection, emergency services, and other municipal or governmental operations.

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  • Cummins Inc. (NYSE: CMI)
  • Eaton Corporation plc (NYSE: ETN)
  • Dana Incorporated (NYSE: DAN)
  • The Goodyear Tire & Rubber Company (NASDAQ: GT)
  • Michelin (EPA: ML)
  • Bridgestone Corporation (TSE: 5108)
  • Continental AG (ETR: CON)

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R. Preston Feight

Chief Executive Officer

R. Preston Feight has served as the Chief Executive Officer of PACCAR Inc. since July 2019. He has a tenure of 26 years with the company, during which he held various leadership positions including Executive Vice President, PACCAR Vice President and President of DAF Trucks, and General Manager of Kenworth Truck Co. Earlier in his career, Mr. Feight gained engineering experience at Allied Signal and Ford. He holds a Bachelor of Science degree in Mechanical Engineering from Northern Arizona University and a Master of Science in Engineering Management from the University of Colorado.

Brice J. Poplawski

Senior Vice President; Chief Financial Officer

Brice J. Poplawski was promoted to Senior Vice President and Chief Financial Officer of PACCAR Inc. effective June 2, 2025. Prior to this role, he served as the company's Vice President and Controller since June 2023. Mr. Poplawski has been with PACCAR for 27 years, holding positions of increasing responsibility primarily within the Controllers organization. He is a Certified Public Accountant and holds a B.S. in Accounting from Central Michigan University and an M.B.A. from the University of Washington.

Mark C. Pigott

Chairman

Mark C. Pigott has been the Chairman of PACCAR Inc. since April 2014. He previously served as the Chairman and Chief Executive Officer of the company from January 1997 to April 2014. His extensive career at PACCAR also includes roles as Executive Vice President, Senior Vice President, and Vice President. Mr. Pigott possesses over 45 years of experience in the global commercial vehicle industry. From 2011 to 2021, he also served as a Director of Franklin Resources Inc.

John N. Rich

Senior Vice President; Chief Technology Officer

John N. Rich has held the position of Chief Technology Officer and Senior Vice President at PACCAR Inc. since 2024, having previously served as Vice President and Chief Technology Officer from March 2021 to December 2023. Before joining PACCAR, he spent over 30 years at Ford Motor Company (August 1990 to March 2021), where he held diverse senior roles, including Chief Operating Officer for Ford's Autonomous Vehicle subsidiary (AV LLC) and Executive Director of Global Strategy. Mr. Rich was instrumental in developing autonomous vehicle programs and integrating technologies through partnerships like Argo AI. He holds an MBA from Harvard Business School and advanced engineering degrees from the University of Michigan and Boston University.

C. Michael Dozier

Executive Vice President

C. Michael Dozier is an Executive Vice President at PACCAR Inc., having started his career with the company in June 1988 as an associate design engineer. He has held numerous significant leadership positions within PACCAR, including Managing Director of PACCAR Australia for three years and Assistant General Manager of Operations for Peterbilt Motors Company. Mr. Dozier also served as Kenworth's Chief Engineer from December 2004 to August 2008. He earned a mechanical engineering degree from Texas A&M University and a graduate degree in management from Stanford University, where he completed an executive program in 2006.

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AI Analysis | Feedback

The key risks to PACCAR's business include the cyclical nature of commercial truck market demand, regulatory uncertainty, and competition coupled with technological advancements.

  1. Commercial Truck Market Demand is Variable: PACCAR's business is highly sensitive to global and national economic conditions, as well as the economic health of the industries and markets it serves. Negative economic conditions and outlook can materially weaken demand for the company's equipment and services, leading to variability in the commercial truck market.
  2. Regulatory Uncertainty and Environmental Regulations: Compliance with international, federal, state, and local environmental regulations poses a significant risk. Changes in these regulations, such as the EPA's 2027 low-NOx mandate, can increase capital and operating expenditures, create regulatory delays, and impact overall truck demand as fleets may postpone long-term investments due to this uncertainty.
  3. Competition and Technological Advancements: The commercial truck market is highly competitive in terms of price, quality, and service. PACCAR faces competition from both established players and new entrants, particularly those focusing on electric and autonomous trucks. A failure to match evolving technology expectations could weaken PACCAR's market share.

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PACCAR (PCAR) operates in several key markets, primarily focusing on commercial trucks, aftermarket parts, and financial services. The addressable market sizes for its main products and services are as follows:

  • Heavy-Duty Trucks (Class 8)
    • U.S. and Canada: Retail sales for Class 8 trucks were 268,000 units in 2024. The estimated range for 2025 is between 250,000 and 280,000 trucks.
    • Europe (above 16-tonne): Registrations for above 16-tonne trucks were 316,000 units in 2024. The estimated range for 2025 is between 270,000 and 300,000 units.
    • South America (above 16-tonne): The market size was 119,000 vehicles in 2024. The estimated range for 2025 is between 115,000 and 125,000 trucks.
    • Global Heavy-Duty Trucks Market: The market size is estimated at $251.3 billion in 2025 and is forecast to reach $393.2 billion by 2034, with an annual growth rate (CAGR) of 5.1%.
  • Medium-Duty Trucks (Class 6 and 7)
    • U.S. and Canada: Retail sales for Class 6 and 7 trucks were 110,400 units in 2024.
    • Europe (6 to 16-tonne): The market was 51,000 units in 2024.
  • Aftermarket Parts for Trucks: null
  • Advanced Diesel Engines: null
  • Financial Services: null

AI Analysis | Feedback

PACCAR (PCAR) is expected to drive future revenue growth over the next two to three years through several key strategies and market dynamics:

  1. Robust Aftermarket Parts Business: PACCAR's aftermarket parts segment consistently achieves record revenues and pretax profits, acting as a stable and growing revenue stream. This growth is fueled by an expanding population of PACCAR branded trucks on the road, strategic geographic expansion, increasing global market share, and the continued growth of its TRP (private label) parts store network. For instance, PACCAR Parts recorded $1.72 billion in revenue in Q3 2025, with similar growth rates anticipated.
  2. Strategic Investments in New Truck Models and Advanced Technologies: The company is making significant capital and research and development investments in new truck models, next-generation clean diesel, and alternative powertrains. PACCAR is focused on developing and deploying new Kenworth, Peterbilt, and DAF truck models, as well as advancing manufacturing capabilities. These investments aim to enhance product offerings and operational efficiency.
  3. Expansion in Zero-Emissions Vehicles (ZEVs): PACCAR is actively developing and introducing a new lineup of all-electric trucks, alongside investments in battery technology and charging infrastructure. While the heavy-duty electric vehicle market is projected for gradual growth in the near term, PACCAR is positioning itself for significant expansion as regulatory frameworks evolve and customer adoption increases. A joint venture with Cummins, Daimler Truck, and EVE Energy for a battery cell manufacturing facility in Mississippi, expected to start production in 2027, further supports this strategy.
  4. Strong Performance and Growth of PACCAR Financial Services (PFS): PACCAR Financial Services consistently contributes to the company's profitability and revenue growth. PFS provides financing and leasing solutions for trucks and trailers, with its strong portfolio quality and improved U.S. truck results contributing to robust pretax income.
  5. Anticipated Pre-buy Demand from 2027 Emissions Regulations and Market Share Gains: The upcoming 2027 Emissions Regulations are expected to drive a "pre-buy surge" as customers seek to acquire vehicles before potential price increases of $10,000 to $15,000 associated with these new standards. Additionally, PACCAR has successfully expanded its market presence, increasing its share in both the Class 8 and medium-duty truck segments in North America due to the perceived superior quality and operating performance of its Kenworth and Peterbilt brands. The U.S. and Canadian Class 8 truck market is projected to see an increase in retail sales in 2026.

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Share Repurchases

  • PACCAR's Board of Directors approved a $500 million stock repurchase program in December 2018, with $390 million remaining under this authorization as of March 2025.
  • The company repurchased $110 million of its stock under the current authorization as of March 2025.
  • In the first six months of 2025, PACCAR purchased 205,592 treasury shares under its common stock repurchase plan.

Share Issuance

  • During the first six months of 2025, PACCAR issued 1,058,539 common shares primarily under deferred and stock compensation arrangements.
  • Shares outstanding slightly increased, from 0.523 billion in 2022 to 0.527 billion in 2024.

Outbound Investments

  • PACCAR is investing $600-$900 million in Amplify Cell Technologies, a battery joint venture for lithium-iron-phosphate (LFP) battery production, in which PACCAR holds a 30% stake.
  • The company partnered with Aurora in 2021 to develop and commercialize autonomous Peterbilt and Kenworth trucks, with a commercial launch anticipated in 2024 following delays.

Capital Expenditures

  • Capital expenditures were $796 million in 2024 and are projected to be in the range of $750-$775 million for 2025, and $725-$775 million for 2026.
  • Investments focus on expanding truck factories (e.g., Kenworth Chillicothe, Ohio, PACCAR Mexico, DAF electric truck assembly plant), enhancing global engine manufacturing and remanufacturing capacity, and establishing new parts distribution centers.
  • A significant portion of capital is directed towards next-generation clean diesel and alternative powertrains, integrated connected vehicle services, and advanced driver assistance systems.

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Peer Comparisons for PACCAR

Peers to compare with:

Financials

PCARCATCMIOSKTSLAALSNMedian
NamePACCAR Caterpil.Cummins Oshkosh Tesla Allison . 
Mkt Price111.51583.76517.60130.43485.40100.80307.91
Mkt Cap58.6273.571.48.41,566.48.565.0
Rev LTM29,53264,67133,58110,33295,6333,06931,556
Op Inc LTM3,36511,4153,7549574,8689443,560
FCF LTM3,1947,5602,2787556,8346282,736
FCF 3Y Avg3,0058,6161,5943164,7196472,299
CFO LTM4,71711,5413,50997415,7488044,113
CFO 3Y Avg4,45011,9362,78659914,1308013,618

Growth & Margins

PCARCATCMIOSKTSLAALSNMedian
NamePACCAR Caterpil.Cummins Oshkosh Tesla Allison . 
Rev Chg LTM-15.2%-1.5%-1.8%-2.5%-1.6%-4.2%-2.2%
Rev Chg 3Y Avg3.8%4.9%9.4%9.9%9.3%4.6%7.1%
Rev Chg Q-19.0%9.5%-1.6%-1.9%11.6%-15.9%-1.8%
QoQ Delta Rev Chg LTM-5.0%2.4%-0.4%-0.5%3.1%-4.1%-0.5%
Op Mgn LTM11.4%17.7%11.2%9.3%5.1%30.8%11.3%
Op Mgn 3Y Avg14.4%18.9%10.4%9.2%8.3%30.4%12.4%
QoQ Delta Op Mgn LTM-1.0%-0.6%0.0%-0.0%-1.1%-0.5%-0.5%
CFO/Rev LTM16.0%17.8%10.4%9.4%16.5%26.2%16.2%
CFO/Rev 3Y Avg13.7%18.2%8.3%6.0%14.7%26.0%14.2%
FCF/Rev LTM10.8%11.7%6.8%7.3%7.1%20.5%9.1%
FCF/Rev 3Y Avg9.2%13.1%4.8%3.1%4.9%21.0%7.1%

Valuation

PCARCATCMIOSKTSLAALSNMedian
NamePACCAR Caterpil.Cummins Oshkosh Tesla Allison . 
Mkt Cap58.6273.571.48.41,566.48.565.0
P/S2.04.22.10.816.42.82.4
P/EBIT17.422.317.18.5224.78.917.3
P/E21.829.526.812.6308.412.124.3
P/CFO12.423.720.48.699.510.516.4
Total Yield8.4%4.4%5.2%9.5%0.3%8.5%6.8%
Dividend Yield3.8%1.0%1.4%1.5%0.0%0.3%1.2%
FCF Yield 3Y Avg6.1%4.9%3.8%4.1%0.5%9.6%4.5%
D/E0.30.20.10.10.00.30.1
Net D/E0.10.10.10.1-0.00.20.1

Returns

PCARCATCMIOSKTSLAALSNMedian
NamePACCAR Caterpil.Cummins Oshkosh Tesla Allison . 
1M Rtn10.2%4.3%6.6%4.2%16.2%18.1%8.4%
3M Rtn16.9%24.6%24.4%1.4%9.6%16.5%16.7%
6M Rtn20.8%58.1%63.9%19.7%48.2%9.2%34.5%
12M Rtn8.8%61.2%49.2%40.1%5.0%-6.6%24.5%
3Y Rtn86.0%156.1%130.4%56.7%294.2%148.6%139.5%
1M Excs Rtn6.8%0.9%3.2%0.8%12.8%14.7%5.0%
3M Excs Rtn13.6%21.3%20.6%-2.2%9.7%13.6%13.6%
6M Excs Rtn6.9%41.0%48.3%3.5%36.1%-5.1%21.5%
12M Excs Rtn-8.2%45.0%33.4%24.6%-1.6%-23.6%11.5%
3Y Excs Rtn7.1%82.9%52.8%-21.4%142.3%67.8%60.3%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Truck27,25722,00617,37913,16519,990
Parts6,4865,8295,0053,9134,025
Financial Services1,8121,5051,6881,5741,480
Other55649077105
Intersegment-483-584-640  
Total35,12728,82023,52218,72825,600


Assets by Segment
$ Mil20242023202220212020
Financial Services20,96417,18015,41915,80016,071
Cash and marketable securities8,6596,1594,8134,8345,169
Truck8,0387,2186,9125,9725,609
Parts1,9121,7421,5051,2561,172
Other1,250977860399339
Total40,82333,27629,50928,26028,361


Price Behavior

Price Behavior
Market Price$111.51 
Market Cap ($ Bil)58.6 
First Trading Date07/09/1986 
Distance from 52W High-1.3% 
   50 Days200 Days
DMA Price$101.88$96.04
DMA Trendindeterminateup
Distance from DMA9.5%16.1%
 3M1YR
Volatility27.1%28.9%
Downside Capture47.6485.77
Upside Capture111.2181.55
Correlation (SPY)35.2%55.3%
PCAR Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.710.650.700.840.820.86
Up Beta0.700.931.421.100.890.92
Down Beta0.150.820.720.810.740.72
Up Capture136%72%54%73%62%74%
Bmk +ve Days12253873141426
Stock +ve Days9192857113385
Down Capture47%34%44%76%94%97%
Bmk -ve Days7162452107323
Stock -ve Days10223468134359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of PCAR With Other Asset Classes (Last 1Y)
 PCARSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return9.5%20.9%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility28.7%18.8%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio0.310.870.782.690.360.18-0.12
Correlation With Other Assets 64.1%55.2%-8.4%16.5%51.7%23.0%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of PCAR With Other Asset Classes (Last 5Y)
 PCARSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return18.5%14.0%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility25.8%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.660.660.700.970.510.170.59
Correlation With Other Assets 65.6%54.0%1.1%13.5%41.2%18.3%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of PCAR With Other Asset Classes (Last 10Y)
 PCARSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return17.9%13.4%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility26.2%19.9%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.660.600.700.830.310.220.90
Correlation With Other Assets 72.3%62.7%-3.6%25.0%45.0%13.0%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity13,375,157
Short Interest: % Change Since 11302025-3.2%
Average Daily Volume3,719,107
Days-to-Cover Short Interest3.60
Basic Shares Quantity525,900,000
Short % of Basic Shares2.5%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/21/20252.4%3.7%-0.2%
7/22/20256.1%8.3%7.4%
4/29/2025-1.9%-2.8%2.5%
1/28/2025-2.4%-0.7%-3.2%
10/22/2024-4.4%-2.3%1.0%
7/23/2024-11.0%-9.8%-12.0%
4/30/2024-6.6%-7.5%-7.1%
1/23/20244.0%4.4%12.2%
...
SUMMARY STATS   
# Positive101212
# Negative141212
Median Positive3.6%4.4%6.6%
Median Negative-2.3%-2.8%-3.7%
Max Positive8.6%8.3%15.6%
Max Negative-11.0%-9.8%-12.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251030202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024219202510-K 12/31/2024
93020241030202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023221202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221028202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021223202210-K 12/31/2021

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