PACCAR Inc (PCAR) Income Statement
PCAR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPCAR revenue and net income
Where PCAR's revenue goes
2025Each bar shows an amount and its share of revenue. PCAR kept 8.4% of revenue as net income.
PCAR profit margins
PCAR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.5% | −0.4% | +8.7% | +4.1% |
| Gross profit | −31.2% | −4.0% | +5.9% | +2.2% |
| Operating income | −39.5% | −7.0% | +12.2% | +2.4% |
| Net income | −42.9% | −7.6% | +12.8% | +4.0% |
| EPS (diluted) | −43.0% | −7.8% | +12.5% | +4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PCAR quarterly EPS vs estimates
PACCAR beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $1.61).
PCAR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.44B | $33.66B | $35.13B | $28.82B | $23.52B | $18.73B | $25.60B | $23.50B | $19.46B | $17.03B |
| Cost of revenue | $23.83B | $26.95B | $26.89B | $23.59B | $19.24B | $15.26B | $20.79B | $19.11B | $15.78B | $13.66B |
| Gross profit | $4.62B | $6.71B | $6.42B | $5.23B | $4.28B | $3.46B | $4.81B | $4.38B | $3.68B | $3.37B |
| Research & development | $445.5M | $452.9M | $410.9M | $341.2M | $324.1M | $273.9M | $326.6M | $306.1M | $264.7M | $247.2M |
| Sales, general & admin | $735.8M | $744.0M | $754.0M | $726.3M | $676.8M | $581.4M | $698.5M | $644.7M | $555.0M | $540.2M |
| Total operating expenses | $1.66B | $1.82B | $1.02B | $1.55B | $1.97B | $3.46B | $1.84B | $1.70B | $1.59B | $1.44B |
| Operating income | $2.96B | $4.89B | $5.41B | $3.68B | $2.31B | $1.66B | $2.97B | $2.69B | $2.09B | $1.93B |
| Interest income | — | — | — | $120.4M | $72.6M | $54.1M | $42.0M | $60.8M | $5.6M | $11.6M |
| Interest expense | $346.5M | $31.1M | $520.4M | $109.1M | $4.1M | $1.20B | $206.6M | $182.6M | $1.7M | $10.3M |
| Income before taxes | $3.02B | $5.40B | $4.89B | $3.85B | $2.40B | $1.66B | $3.10B | $2.81B | $2.17B | $1.13B |
| Income taxes | $647.7M | $1.24B | $284.9M | $837.1M | $530.8M | $360.4M | $711.3M | $615.1M | $498.1M | $608.7M |
| Net income | $2.38B | $4.16B | $4.60B | $3.01B | $1.87B | $1.30B | $2.39B | $2.20B | $1.68B | $521.7M |
| EBITDA | $4.20B | $6.35B | $5.41B | $4.64B | $3.37B | $2.62B | $4.05B | $3.74B | $3.20B | $2.92B |
| EPS (diluted) | $4.51 | $7.91 | $8.77 | $5.76 | $3.54 | $2.50 | $4.59 | $4.16 | $2.85 | $0.98 |
| Gross margin | 16.2% | 19.9% | 18.3% | 18.1% | 18.2% | 18.5% | 18.8% | 18.7% | 18.9% | 19.8% |
| Operating margin | 10.4% | 14.5% | 15.4% | 12.8% | 9.8% | 8.9% | 11.6% | 11.4% | 10.8% | 11.3% |
| Net margin | 8.4% | 12.4% | 13.1% | 10.4% | 7.9% | 6.9% | 9.3% | 9.3% | 8.6% | 3.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.55B | $6.23B | $6.82B | $6.67B | $7.51B | $7.44B | $7.91B | $8.24B | $8.77B | $8.74B | $9.08B | $8.71B |
| Cost of revenue | $6.33B | $5.42B | $5.88B | $5.59B | $6.23B | $6.12B | $6.44B | $6.66B | $6.98B | $6.87B | $7.11B | $6.96B |
| Gross profit | $1.21B | $817.8M | $943.5M | $1.08B | $1.28B | $1.32B | $1.47B | $1.58B | $1.79B | $1.87B | $1.96B | $1.75B |
| Research & development | $114.3M | $109.1M | $106.2M | $111.0M | $112.9M | $115.4M | $115.3M | $115.0M | $117.1M | $105.5M | $108.9M | $103.5M |
| Sales, general & admin | $179.7M | $189.3M | $194.7M | $180.2M | $179.3M | $181.6M | $187.4M | $186.5M | $183.5M | $186.6M | $194.1M | $182.3M |
| Total operating expenses | $333.4M | $258.7M | $341.4M | $443.2M | $437.8M | $433.6M | $465.0M | $456.4M | $447.7M | $448.1M | $445.8M | $292.0M |
| Operating income | $879.2M | $559.1M | $602.1M | $636.0M | $838.5M | $885.1M | $1.01B | $1.12B | $1.34B | $1.42B | $1.52B | $1.46B |
| Interest expense | — | $21.3M | $15.2M | $31.8M | $9.5M | $331.3M | $38.9M | $24.3M | $3.3M | $134.9M | $24.4M | $53.0M |
| Income before taxes | $981.5M | $580.4M | $704.9M | $743.6M | $931.9M | $643.1M | $1.15B | $1.26B | $1.46B | $1.53B | $1.64B | $1.59B |
| Income taxes | $229.5M | −$24.9M | $148.0M | $153.6M | $208.1M | $138.0M | $277.3M | $284.2M | $338.2M | $339.2M | $224.0M | $360.9M |
| Net income | $752.0M | $605.3M | $556.9M | $590.0M | $723.8M | $505.1M | $872.0M | $972.1M | $1.12B | $1.20B | $1.42B | $1.23B |
| EBITDA | $879.2M | $801.8M | $929.3M | $949.4M | $1.14B | $1.18B | $1.37B | $1.48B | $1.70B | $1.90B | $1.89B | $1.88B |
| EPS (diluted) | $1.43 | $1.15 | $1.06 | $1.12 | $1.37 | $0.96 | $1.66 | $1.85 | $2.13 | $2.27 | $2.70 | $2.34 |
| Gross margin | 16.1% | 13.1% | 13.8% | 16.2% | 17.0% | 17.7% | 18.6% | 19.2% | 20.4% | 21.4% | 21.6% | 20.1% |
| Operating margin | 11.7% | 9.0% | 8.8% | 9.5% | 11.2% | 11.9% | 12.7% | 13.6% | 15.3% | 16.3% | 16.7% | 16.7% |
| Net margin | 10.0% | 9.7% | 8.2% | 8.8% | 9.6% | 6.8% | 11.0% | 11.8% | 12.8% | 13.7% | 15.6% | 14.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PCAR's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PCAR financial results
In fiscal year 2025 (ended December 31, 2025), PACCAR reported revenue of $28.4 billion, down 15.5% from the year before. It had net income of $2.4 billion (down 42.9%), a net profit margin of 8.4%. Diluted earnings per share came to $4.51. Over five years revenue grew at an average rate of 8.7% a year.
See the PCAR stock overview for the latest quote and news, or the PCAR chart for price history and technical indicators.
PCAR income statement FAQ
What is PACCAR's annual revenue?
PACCAR reported total revenue of $28.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 15.5% from $33.7 billion the previous year.
Is PACCAR profitable?
Yes. PACCAR reported net income of $2.4 billion in fiscal 2025, a net profit margin of 8.4%; its operating margin was 10.4%.
What is PACCAR's gross margin?
PACCAR's gross margin was 16.2% in fiscal 2025: for every $100 of revenue, PACCAR kept $16 after the direct cost of its products and services.
How much does PACCAR spend on research and development?
PACCAR spent $445.5 million on research and development in fiscal 2025, 1.6% of revenue.
How fast is PACCAR growing?
Revenue grew 8.7% a year on average over the last five fiscal years, from $18.7 billion to $28.4 billion.
What are PACCAR's earnings per share?
PACCAR earned $4.51 per diluted share in fiscal 2025, compared with $7.91 a year earlier.
When will PACCAR report its next earnings?
PACCAR is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does PACCAR's fiscal year end?
PACCAR's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.