Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America.
It is a $56.6B consumer company. Revenue shrank 10.6% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.7 years of free cash flow. It trades at 22.7× earnings — in the most expensive third of its own history.
- Website
- paccar.com
- Location
- Bellevue, WA
- Employees
- 25 900
- Sector
- Consumer Cyclical
- Founded
- 1980
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth and Profitability lag behind.
Valuation52
- P/E vs own history86th pct · 0/25
- FCF yield6.5% · 20/25
- P/S2.0x · 20/25
- EV/EBITDA15.7x · 12/25
Growth49
- Revenue CAGR4.9% · 6/25
- Net income CAGR6.4% · 12/25
- EPS CAGR ~5Y3.8% · 6/25
- Fwd implied growth37.1% · 25/25
Profitability49
- ROIC9.3% · 12/25
- ROE12.7% · 12/25
- Net margin9.0% · 13/25
- Operating margin12.8% · 12/25
Health73
- Altman Z3.28 · 25/25
- Current ratio1.70 · 18/25
- Interest coverage5.2x · 18/25
- Net cash / debtD/A 14% · 12/25
Quality65
- Piotroski F5/9 · 15/25
- Beneish M-2.69 · 25/25
- FCF conversion148% · 25/25
- Margin stabilityσ 512.5% · 0/25
Moat69
- ROIC >12% years8/10 yrs · 20/25
- Median gross margin19.8% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 6.9% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$4.60B net income
- FY2018FinancialRevenue crossed $10B$23.5B for the year
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$3.01B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 1992ProductPaccar Parts was created in 1992 in Renton, Washington
- 1986MilestoneThe Pacific Car and Foundry subsidiary in Renton was renamed to Paccar Defense Systems Division
- 1980FoundedPaccar Technical Center was established in 1980 in Mount Vernon, Washington
- 1970ProductPacific Car created an overseas manufacturing facility at Bayswater, Melbourne, Australia, producing…
- 1960MilestonePeterbilt became a division of the company
- 1956MilestoneKenworth lost independent status and became a division directly under Pacific Car and Foundry
- 1954AcquisitionPaccar acquired the Dart Truck Company and Peterbilt Motors Company
- 1945AcquisitionPaccar purchased the Kenworth Motor Truck Corporation
- 1944AcquisitionIt was bought by Pacific Car and Foundry in 1944
- 1917AcquisitionIt merged with a Portland firm, Twohy Brothers, which was its only competitor on the west coast at the time…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Could repay net debt from ~1.7 years of free cash flow
- Interest covered 5.2× by operating earnings
- Altman Z-Score 3.28 — low bankruptcy-risk zone
Watch-outs
- Revenue shrinking 10.6% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-10.6% YoY
- Profitable — makes more than it spends$2.50B TTM
- Profit growing — earnings are higher than last year+5.5% YoY
- Generates cash — cash left after running and investing$3.70B TTM
- Debt under control — could handle its obligations~1.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$56.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+51.6% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.3 — safe
- Pays a dividend — returns cash to shareholdersyield 2.53%
- Valuation not extreme — price not wildly above earningsP/E 22.7
Peer comparisonPaccar Inc vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PCAR this company | $56.6B | 22.7 | -10.6% | 9.0% | Strong |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: PCAR vs AMZN · PCAR vs TSLA · PCAR vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PCAR
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of PCAR on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $107.48 · market cap $56.6B.