PACCAR Inc (PCAR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 6.23B | 6.82B | 6.67B | 7.51B | 7.44B | 7.91B | 8.24B | 8.77B | 8.74B | 9.08B | 8.71B | 8.88B | 8.47B | 8.13B | 7.06B | 7.16B | 6.47B | 6.69B | 5.15B | 5.84B |
| Revenue Growth % | -16.22% | -13.74% | -19.03% | -14.38% | -14.9% | -12.88% | -5.39% | -1.23% | 3.2% | 11.65% | 23.38% | 24.06% | 30.91% | 21.59% | 37.15% | 22.5% | 10.73% | 20.07% | 4.27% | 90.84% |
| Cost of Goods Sold | 5.42B | 5.88B | 5.59B | 6.23B | 6.12B | 6.44B | 6.66B | 6.98B | 6.87B | 7.11B | 6.96B | 6.99B | 6.61B | 6.6B | 5.76B | 5.88B | 5.36B | 5.67B | 4.29B | 4.82B |
| COGS % of Revenue | 86.88% | 86.17% | 83.82% | 83.01% | 82.28% | 81.4% | 80.83% | 79.6% | 78.61% | 78.37% | 79.91% | 78.68% | 77.96% | 81.16% | 81.6% | 82.12% | 82.75% | 84.77% | 83.31% | 82.55% |
| Gross Profit | 817.8M | 943.5M | 1.08B | 1.28B | 1.32B | 1.47B | 1.58B | 1.79B | 1.87B | 1.96B | 1.75B | 1.89B | 1.87B | 1.53B | 1.3B | 1.28B | 1.12B | 1.02B | 859M | 1.02B |
| Gross Margin % | 13.12% | 13.83% | 16.18% | 16.99% | 17.72% | 18.6% | 19.17% | 20.4% | 21.39% | 21.63% | 20.09% | 21.32% | 22.04% | 18.84% | 18.4% | 17.88% | 17.25% | 15.23% | 16.69% | 17.45% |
| Gross Profit Growth % | -37.98% | -35.85% | -31.68% | -28.66% | -29.49% | -25.08% | -9.7% | -5.51% | 0.14% | 28.2% | 34.66% | 47.94% | 67.29% | 50.32% | 51.23% | 25.48% | 11.6% | 11.47% | 3.02% | 101.14% |
| Operating Expenses | 258.7M | 341.4M | 443.2M | 437.8M | 433.6M | 465M | 456.4M | 447.7M | 448.1M | 445.8M | 292M | 405.4M | 418.7M | 412.1M | 375.8M | 385.6M | 374.4M | 402.6M | 384.6M | 401.9M |
| OpEx % of Revenue | 4.15% | 5.01% | 6.64% | 5.83% | 5.83% | 5.88% | 5.54% | 5.1% | 5.12% | 4.91% | 3.35% | 4.56% | 4.94% | 5.07% | 5.32% | 5.39% | 5.78% | 6.02% | 7.47% | 6.88% |
| Selling, General & Admin | 149.6M | 194.7M | 180.2M | 179.3M | 181.6M | 187.4M | 186.5M | 183.5M | 186.6M | 194.1M | 188.5M | 181.9M | 195M | 194.8M | 171M | 176.8M | 183.7M | 182.7M | 168.6M | 164.4M |
| SG&A % of Revenue | 2.4% | 2.85% | 2.7% | 2.39% | 2.44% | 2.37% | 2.26% | 2.09% | 2.13% | 2.14% | 2.16% | 2.05% | 2.3% | 2.4% | 2.42% | 2.47% | 2.84% | 2.73% | 3.28% | 2.81% |
| Research & Development | 109.1M | 106.2M | 111M | 112.9M | 115.4M | 115.3M | 115M | 117.1M | 105.5M | 108.9M | 103.5M | 101.3M | 97.2M | 99.9M | 82.9M | 80.4M | 78M | 87.1M | 72.5M | 84.4M |
| R&D % of Revenue | 1.75% | 1.56% | 1.66% | 1.5% | 1.55% | 1.46% | 1.4% | 1.33% | 1.21% | 1.2% | 1.19% | 1.14% | 1.15% | 1.23% | 1.17% | 1.12% | 1.21% | 1.3% | 1.41% | 1.44% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 559.1M | 602.1M | 636M | 838.5M | 885.1M | 1.01B | 1.12B | 1.34B | 1.42B | 1.52B | 1.46B | 1.49B | 1.45B | 1.12B | 923.3M | 894.3M | 741.9M | 616M | 474.4M | 618.1M |
| Operating Margin % | 8.97% | 8.83% | 9.53% | 11.16% | 11.89% | 12.72% | 13.63% | 15.29% | 16.26% | 16.72% | 16.73% | 16.76% | 17.1% | 13.77% | 13.08% | 12.49% | 11.46% | 9.21% | 9.22% | 10.58% |
| Operating Income Growth % | -36.83% | -40.13% | -43.38% | -37.49% | -37.76% | -33.71% | -22.92% | -9.86% | -1.85% | 35.57% | 57.85% | 66.4% | 95.28% | 81.67% | 94.62% | 44.69% | 25.7% | 21.36% | 0.83% | 297.49% |
| EBITDA | 559.1M | 811.3M | 841.8M | 1.05B | 1.09B | 1.23B | 1.35B | 1.57B | 1.66B | 1.76B | 1.69B | 1.71B | 1.67B | 1.32B | 1.13B | 1.09B | 927.6M | 827M | 684.3M | 848.8M |
| EBITDA Margin % | 8.97% | 11.89% | 12.62% | 13.92% | 14.65% | 15.54% | 16.38% | 17.94% | 18.95% | 19.42% | 19.42% | 19.27% | 19.71% | 16.28% | 15.96% | 15.24% | 14.33% | 12.37% | 13.3% | 14.52% |
| EBITDA Growth % | -48.72% | -33.98% | -37.65% | -33.53% | -34.21% | -30.28% | -20.17% | -8.07% | -0.77% | 33.16% | 50.16% | 56.85% | 80.02% | 60.06% | 64.59% | 28.56% | 10.18% | 6.42% | -7.11% | 113.91% |
| D&A (Non-Cash Add-back) | 0 | 209.2M | 205.8M | 207.3M | 205.1M | 223.2M | 226.8M | 231.9M | 235M | 245.5M | 233.9M | 223.4M | 221.1M | 204.6M | 203M | 196.9M | 185.7M | 211M | 209.9M | 230.7M |
| EBIT | 559.1M | 720.1M | 636M | 838.5M | 885.1M | 1.01B | 1.12B | 1.34B | 1.42B | 1.52B | 1.46B | 1.49B | 1.45B | 1.12B | 923.3M | 894.3M | 741.9M | 616M | 474.4M | 618.1M |
| Net Interest Income | -21.3M | 87.6M | 90.2M | 84.1M | -247.7M | 104.7M | 107.8M | 92M | -50.6M | 98.9M | 27.3M | 61.5M | 46.7M | 26M | 21M | -1.7M | -2.6M | 3.4M | -9.3M | 4.4M |
| Interest Income | 0 | 87.6M | 90.2M | 84.1M | 83.6M | 104.7M | 107.8M | 95.3M | 84.3M | 98.9M | 80.3M | 61.5M | 47.9M | 35.9M | 21M | 5.1M | -2.6M | 3.4M | 1.3M | 4.4M |
| Interest Expense | 21.3M | 0 | 0 | 0 | 331.3M | 0 | 0 | 3.3M | 134.9M | 0 | 53M | 0 | 1.2M | 9.9M | 0 | 6.8M | 0 | 0 | 10.6M | 0 |
| Other Income/Expense | 21.3M | 102.8M | 107.6M | 93.4M | -242M | 143.6M | 133M | 119.4M | 112.5M | 124.1M | 132M | 80.4M | -529.8M | 56.4M | 56.4M | 27.8M | 29.5M | 35M | 12.8M | 22.2M |
| Pretax Income | 580.4M | 704.9M | 743.6M | 931.9M | 643.1M | 1.15B | 1.26B | 1.46B | 1.53B | 1.64B | 1.59B | 1.57B | 919M | 1.18B | 979.7M | 922.1M | 771.4M | 651M | 487.2M | 640.3M |
| Pretax Margin % | 9.31% | 10.33% | 11.15% | 12.41% | 8.64% | 14.53% | 15.25% | 16.65% | 17.55% | 18.08% | 18.25% | 17.66% | 10.85% | 14.46% | 13.88% | 12.88% | 11.92% | 9.74% | 9.47% | 10.96% |
| Income Tax | -24.9M | 148M | 153.6M | 208.1M | 138M | 277.3M | 284.2M | 338.2M | 339.2M | 224M | 360.9M | 347.4M | 185.1M | 254.2M | 210.3M | 201.7M | 170.9M | 139.6M | 106.7M | 144.8M |
| Effective Tax Rate % | -4.29% | 21% | 20.66% | 22.33% | 21.46% | 24.13% | 22.62% | 23.15% | 22.1% | 13.65% | 22.71% | 22.15% | 20.14% | 21.62% | 21.47% | 21.87% | 22.15% | 21.44% | 21.9% | 22.61% |
| Net Income | 605.3M | 556.9M | 590M | 723.8M | 505.1M | 872M | 972.1M | 1.12B | 1.2B | 1.42B | 1.23B | 1.22B | 733.9M | 921.3M | 769.4M | 720.4M | 600.5M | 511.4M | 380.5M | 495.5M |
| Net Margin % | 9.71% | 8.16% | 8.84% | 9.64% | 6.79% | 11.03% | 11.8% | 12.8% | 13.67% | 15.61% | 14.11% | 13.75% | 8.66% | 11.33% | 10.9% | 10.06% | 9.28% | 7.65% | 7.39% | 8.48% |
| Net Income Growth % | 19.84% | -36.14% | -39.31% | -35.52% | -57.74% | -38.47% | -20.87% | -8.07% | 62.87% | 53.84% | 59.67% | 69.5% | 22.21% | 80.15% | 102.21% | 45.39% | 27.55% | 26.02% | -1.3% | 235.48% |
| Net Income (Continuing) | 605.3M | 556.9M | 590M | 723.8M | 505.1M | 872M | 972.1M | 1.12B | 1.2B | 1.42B | 1.23B | 1.22B | 733.9M | 921.3M | 769.4M | 720.4M | 600.5M | 511.4M | 380.5M | 495.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.15 | 1.06 | 1.12 | 1.37 | 0.96 | 1.66 | 1.85 | 2.13 | 2.27 | 2.70 | 2.34 | 2.33 | 1.40 | 1.76 | 1.47 | 1.37 | 1.15 | 0.98 | 0.72 | 0.94 |
| EPS Growth % | 19.79% | -36.14% | -39.46% | -35.68% | -57.71% | -38.52% | -20.94% | -8.58% | 62.14% | 53.41% | 59.18% | 70.07% | 21.74% | 79.59% | 104.17% | 45.74% | 27.78% | 25.64% | -2.7% | 235.71% |
| EPS (Basic) | 1.15 | 1.06 | 1.12 | 1.38 | 0.96 | 1.66 | 1.85 | 2.14 | 2.28 | 2.70 | 2.34 | 2.33 | 1.40 | 1.76 | 1.47 | 1.38 | 1.15 | 0.98 | 0.72 | 0.94 |
| Diluted Shares Outstanding | 527.4M | 526.8M | 526.8M | 526.7M | 526.9M | 526.7M | 526.5M | 526.6M | 526.3M | 525.6M | 525.3M | 524.8M | 524.4M | 523.8M | 523.35M | 523.2M | 523.2M | 522.75M | 522.45M | 522.75M |
| Basic Shares Outstanding | 526.7M | 526M | 525.9M | 525.9M | 525.9M | 525.3M | 525.4M | 525.3M | 524.9M | 524.3M | 524.1M | 523.8M | 524.21M | 523.64M | 522.7M | 522.6M | 522.4M | 521.85M | 521.7M | 521.7M |
| Dividend Payout Ratio | - | 31.14% | 29.39% | 23.94% | 345.87% | 18.05% | 16.18% | 14.01% | 151.97% | 9.97% | 11.5% | 10.7% | 150.61% | 13.98% | 15.38% | 16.41% | 106.48% | 23.09% | 31.04% | 23.83% |