Paccar Inc (PCAR)
Industrials · Construction Machinery & Heavy Transportation Equipment · US stock · S&P 500 component
$109.59
▼ -0.63 (0.57%)
Fair valueFair
$101 −8.2% to fair value
$50fair band $86–$122$151
Day's range
$108.25 – $109.96
52-week range
$93.86 – $139.24
About Paccar Inc
Paccar designs and manufactures heavy- and medium-duty commercial trucks marketed under the Kenworth, Peterbilt and DAF names. It also makes engines and supplies aftermarket parts through its parts distribution business, and its financial services arm provides loans and leases to customers and dealers. Truck operators, fleets and owner-drivers in North America, Europe and other regions are its main customers, and trucks reach them through independent dealers.
Paccar earns revenue from truck and engine shipments, from parts, and from interest and fees on financing. Revenue over the last twelve months was $27.8 billion, though revenue growth over the last three years was -0.4% a year, a small decline. The operating margin is 11.5%, and the business earns a profit of 12% on the capital invested in it. A dividend is paid, with a yield of 2.5%. On the site's X-Ray Score it receives 41 out of 100.
Price chart
52-wk range $93.86 – $139.24Volume 2,592,628Daily, split-adjusted
Vitals
Market cap$57.8B
52-week range$93.86 – $139.24
Volume (last day)2,592,628
P/E (TTM)23.1
EBIT / EV yield5.5%
Free-cash-flow yield6.4%
Dividend yield2.5%
Revenue (TTM)$27.8B
Net income (TTM)$2.5B
Operating margin11.5%
Return on capital12.3%
Debt incl. leasesData missing
Cash & securities$0
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$101middle half of models $92 – $114
Fair
−8.2% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $110
Undervalued < $86Fair $86 – $122Overvalued > $122
P/E multiple
$105
P/B multiple
$120
P/S multiple
$119
EV/EBITDA multiple
$111
EV/EBIT multiple
$100
EV/revenue multiple
$120
10-year DCF, EBITDA exit
$89
5-year DCF, EBITDA exit
$93
10-year DCF, revenue exit
$91
5-year DCF, revenue exit
$95
10-year DCF, growth exit
$73
5-year DCF, growth exit
$72
Dividend discount, stable
$94
Dividend discount, multi-stage
$111
Earnings power value
$117
Growth the price implies
13.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
69/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.5%
Free-cash-flow yield6.4%
Fair value vs price0.9×
Growth
Weak
16/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-0.4%
EPS growth (3y)-7.8%
Growth consistency20%
Profitability
Weak
34/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.3%
Operating margin11.5%
Gross profitability12.6%
Financial health
Weak
32/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Interest coverNo interest cost
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.5%
Dividends vs free cash flow39%
Dividend growth31.2%
Quarterly results: last 6 quarters
-14.9%
Mar '25
-14.4%
Jun '25
-19.0%
Sep '25
-13.7%
Dec '25
-8.9%
Mar '26
+0.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.5B, diluted EPS $1.43.
Compare with peers
CMI Cummins Inc54 CAT Caterpillar Inc43 WAB Westinghouse Air Brake...42Other Construction Machinery & Heavy Transportation Equipment companies by X-Ray Score.
SWOT analysis: Paccar Inc
Strengthsinside the company
- Free cash flow equals 6.4% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- Revenue has fallen 0.4% a year over three years while industry peers grew 6.2%.
- Earnings per share have declined 7.8% a year over three years.
Opportunitiesvaluation and setting
- Dividends use only 39% of free cash flow, which leaves room to raise them.
- Trades at 23.1x earnings, 23% below the 30.0x median of industry peers.
Threatsvaluation and setting
- Revenue growth slowed to -15.5% last year from -0.4% a year over three years.
- Earnings in Construction Machinery & Heavy Transportation Equipment follow the industry cycle, so margins and profits can swing from year to year.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare PCAR with peers and sector
Medians of 3 Construction Machinery & Heavy Transportation Equipment peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, CMI 54, WAB 42.
| Metric | PCAR | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 41 | 43 | 51 |
| Valuation | 69 | 29 | 44 |
| Growth | 16 | 47 | 51 |
| Profitability | 34 | 51 | 51 |
| Financial health | 32 | 49 | 49 |
| Dividends | 60 | 57 | 53 |
Sector leaders: highest X-Ray Score in Industrials
PCAR ranks #67 of 81 in Industrials and #4 of 4 in Construction Machinery & Heavy Transportation Equipment by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for PCAR
Each factor is rated by where PCAR stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 5 Average · 7 Bad of 19
Growth: 0 · 0 · 3
Profitability: 0 · 2 · 3
Financial strength: 1 · 0 · 1
Valuation: 5 · 0 · 0
Cash flow: 1 · 3 · 0
| Factor | PCAR | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −0.4% | Bad beats 21% | +5.6% | – | – |
| Revenue growth, last year | −15.5% | Bad beats 2% | +4.5% | +21.9% | ▼ Worse |
| EPS growth, 3 years a year | −7.8% | Bad beats 16% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 20.0% | Bad beats 10% | 38.0% | 21.3% | ≈ In line |
| Operating margin | 11.5% | Average beats 36% | 17.5% | 13.4% | ▼ Worse |
| Net margin | 9.0% | Average beats 34% | 12.8% | 10.4% | ▼ Worse |
| Return on invested capital | 12.3% | Bad beats 33% | 14.9% | – | – |
| Return on equity | 12.3% | Bad beats 21% | 23.7% | 22.9% | ▼ Worse |
| Financial strength | |||||
| Interest cover | 50.0x | Good beats 76% | 21.4x | – | – |
| Piotroski F-score | 4 / 9 | Bad beats 3% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 23.1x | Good beats 72% | 28.9x | 13.2x | ▼ Worse |
| Price / book | 2.8x | Good beats 86% | 6.2x | 3.0x | ≈ In line |
| Price / sales | 2.1x | Good beats 71% | 3.5x | 1.5x | ▼ Worse |
| EV / EBITDA | 15.1x | Good beats 71% | 18.5x | – | – |
| Free cash flow yield | 6.4% | Good beats 87% | 3.8% | 6.8% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 13.3% | Average beats 48% | 13.8% | 9.9% | ▲ Better |
| Cash from operations / net income | 1.73 | Good beats 74% | 1.39 | 1.12 | ▲ Better |
| Free cash flow growth, 3 years a year | +13.7% | Average beats 40% | +14.5% | – | – |
| Accruals (lower is better) | −4.2% | Average beats 62% | −3.2% | – | – |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 4 Average · ● 6 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $23.5B | $28.8B | $35.1B | $33.7B | $28.4B |
| Operating income | $2.4B | $3.8B | $5.7B | $5.4B | $3.0B |
| Net income | $1.9B | $3.0B | $4.6B | $4.2B | $2.4B |
| Operating cash flow | $2.2B | $3.0B | $4.2B | $4.6B | $4.4B |
| Operating margin | 10.2% | 13.4% | 16.3% | 16.0% | 10.6% |
| Free cash flow | $1.6B | $2.5B | $3.5B | $3.8B | $3.7B |
| Diluted EPS | $3.57 | $5.75 | $8.76 | $7.90 | $4.51 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Neutral
4 bullish · 1 neutral · 3 bearish
Moving averages (daily)
| SMA 10 | 109.3 | Bullish |
| EMA 10 | 109.7 | Bearish |
| SMA 20 | 109.6 | Bearish |
| EMA 20 | 110.9 | Bearish |
| SMA 50 | 117.9 | Bearish |
| EMA 50 | 115.5 | Bearish |
| SMA 100 | 121.1 | Bearish |
| EMA 100 | 118.1 | Bearish |
| SMA 200 | 120.1 | Bearish |
| EMA 200 | 116.7 | Bearish |
Oscillators (daily)
| RSI (14) | 40.77 | Neutral |
| MACD (12, 26) | -2.15 | Bearish |
| Momentum (12) | 0.25 | Bullish |
| Stochastic %K (14) | 57.08 | Neutral |
| Williams %R (14) | -42.92 | Neutral |
| CCI (20) | -22.43 | Neutral |
Pivot points (classic, last session)
S3 106.9 | S2 107.6 | S1 108.6 | Pivot 109.3 | R1 110.3 | R2 111.0 | R3 112.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.76 USD
Yield on today's price
2.52%
Frequency
Quarterly
Next ex-dividend date
10 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.3500 |
| 0.3500 | |
| 0.3500 | |
| 0.3300 | |
| 1.4000 | |
| 0.3300 | |
| 0.3300 | |
| 0.3300 | |
| 0.3300 | |
| 3.0000 | |
| 0.3000 | |
| 0.3000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold PCAR
| ETF | Share of the fund |
|---|---|
| MFSV MFS Active Value | 1.39% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.38% |
| QQQE Direxion NASDAQ-100 Equal Weighted Ind... | 1.22% |
| XLI Industrial Select Sector SPDR | 1.10% |
| VOE Vanguard Mid-Cap Value | 1.09% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 1.07% |
| COWZ Pacer US Cash Cows 100 | 1.05% |
| VLUE iShares MSCI USA Value Factor | 1.05% |
The eight funds with the largest weight in PCAR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
PCAR stock splits
PCAR has split its stock 6 times since 1997. The latest was a 3-for-2 split on 8 Feb 2023.
Full PCAR stock split history →PCAR SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.