0001193125-26-057025
SEC filingPACCAR Inc reported fiscal year 2025 results with total revenues of $28.44 billion and net income of $2.38 billion. The company generated $4.42 billion in net cash from operating activities, demonstrating strong operational cash generation. Key profitability metrics include gross profit of $5.70 billion (calculated from revenues of $28.44B minus cost of sales of $22.74B) and operating income of $2.68 billion. The balance sheet shows total assets of $44.34 billion with $6.31 billion in cash and cash equivalents, and stockholders' equity of $19.26 billion. The company paid $2.27 billion in cash dividends during the year. Basic and diluted earnings per share were both $5.00. These results reflect PACCAR's performance across its truck manufacturing, parts distribution, and financial services operations for the fiscal year ending December 31, 2025.
PACCAR Inc reported fiscal year 2025 financial results with total revenues of $28.44 billion and net income of $2.38 billion. The company generated income before income taxes of $3.02 billion, which includes investment income of $346.1 million. Operating income was $2.68 billion, with total costs and expenses amounting to $25.77 billion. Key expense components included cost of sales and revenues of $22.74 billion, research and development of $445.5 million, selling, general and administrative expenses of $735.8 million, and depreciation and other expenses of $657.6 million. The company reported basic and diluted earnings per share of $5.00, with weighted average shares outstanding of 525.9 million basic and 526.8 million diluted.
The company's revenue streams include interest and fees of $1.43 billion and operating lease, rental and other revenues of $781.0 million, contributing to the total revenue of $28.44 billion. The financial data does not provide segment breakdown or geographic mix information for revenue analysis. The XBRL data shows aggregated revenue figures without detailed segment disclosure. The document content similarly presents consolidated revenue figures without segment-level detail. No specific growth drivers or segment performance metrics are disclosed in the provided financial data.
Gross profit was $5.70 billion, calculated from revenues of $28.44 billion minus cost of sales of $22.74 billion, resulting in a gross margin of 20.0%. Operating margin was 9.4%, calculated from operating income of $2.68 billion divided by revenues of $28.44 billion. The company's cost structure shows significant investment in research and development ($445.5 million) and selling, general and administrative expenses ($735.8 million). Interest and other borrowing expenses totaled $783.0 million, while interest and other expenses (income), net showed a benefit of -$284.3 million. Provision for losses on receivables was $124.5 million.
The company generated $4.42 billion in net cash from operating activities, with net income of $2.38 billion adjusted for depreciation and amortization of $827.4 million ($398.2M + $429.2M) and other non-cash items. Free cash flow was $2.15 billion, calculated as operating cash flow of $4.42 billion minus capital expenditures of $743.0 million for property, plant and equipment and $643.6 million for acquisitions of equipment for operating leases. The balance sheet shows total assets of $44.34 billion, including cash and cash equivalents of $6.31 billion, finance and other receivables of $19.75 billion, and property, plant and equipment of $4.51 billion. Total liabilities were $25.07 billion, with commercial paper and bank loans of $4.99 billion and term notes of $10.65 billion. Stockholders' equity was $19.26 billion, resulting in a debt-to-equity ratio of approximately 0.81.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors from the filing. The XBRL data and document content focus exclusively on historical financial results for the fiscal year ending December 31, 2025. No forward-looking statements, outlook commentary, or future projections are included in the provided information. The analysis is limited to the disclosed financial figures without access to management discussion and analysis sections that might contain outlook information.