Paccar (PCAR) stock
Industrials · Construction Machinery & Heavy Transportation Equipment
Paccar (PCAR) is a Construction Machinery & Heavy Transportation Equipment company in the Industrials sector, headquartered in Bellevue, Washington. As of October 23, 2026, PCAR closed at $106.96, a market capitalization of $56.30 billion, the 215th largest company in the S&P 500. Over the last twelve months it generated $27.82 billion in revenue (+0% year over year) and $2.96 billion in free cash flow. The stock trades at 22.5x trailing earnings and 14.9x forward earnings.
- 1-year total return: +10.3% (dividends reinvested)
- 5-year return: +17.2% a year
- 52-week range: $93.86 – $139.24
- Gross margin 13.7%, operating margin 12.0%
- Dividend yield: 1.31%, 5 straight years of increases
- FI Handbook report card: C across 10 metrics
- 37th largest of 83 Industrials stocks in the S&P 500
PCAR price chart
1Y price change: +7.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PCAR | -4.6% | -1.5% | +10.3% | +13.6% | +17.2% | +15.1% | +14.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
PCAR key statistics
- Market cap
- $56.3B
- #215 in S&P 500
- P/E (TTM)
- 22.5x
- Forward P/E
- 14.9x
- EPS (TTM)
- $4.75
- Revenue (TTM)
- $27.8B
- +1%
- Free cash flow
- $3.0B
- Gross margin
- 13.7%
- Operating margin
- 12.0%
- Return on equity
- 12.8%
- Dividend yield
- 1.31%
- 52-week range
- $93.86 – $139.24
- Beta
- 0.99
- Price / sales
- 2.0x
- EV / EBITDA
- 19.1x
- Debt / equity
- 0.73x
- Employees
- 25,900
PCAR report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth0.5%D
- Gross margin13.7%F
- Operating margin12.0%C
- FCF margin10.7%C
- Return on equity12.8%C
- Net debt / EBITDA1.9xC
- Forward P/E14.9xA
- PEG ratio0.9xA
- Shareholder yield1.4%D
- Share count change / yr0.2%C
PACCAR financials
Revenue went from $17.0B in fiscal 2016 to $28.4B in fiscal 2025, growing 5.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0B | $19.5B | $23.5B | $25.6B | $18.7B | $23.5B | $28.8B | $35.1B | $33.7B | $28.4B |
| Gross profit | — | — | — | — | — | — | $5.5B | $8.2B | $7.6B | $5.7B |
| Net income | $521.7M | $1.7B | $2.2B | $2.4B | $1.3B | $1.9B | $3.0B | $4.6B | $4.2B | $2.4B |
| EPS (diluted) | $0.99 | $3.17 | $4.16 | $4.58 | $2.50 | $3.57 | $5.75 | $8.76 | $7.90 | $4.51 |
| Free cash flow | $1.9B | $2.3B | $2.5B | $2.3B | $2.4B | $1.6B | $2.5B | $3.5B | $3.8B | $3.7B |
| Buybacks | $70.5M | — | $354.4M | $110.2M | $42.1M | $1.5M | $2.1M | $3.5M | $4.5M | $36.1M |
| Dividends paid | $829.3M | $558.3M | $804.3M | $1.1B | $1.2B | $708.0M | $1.0B | $1.5B | $2.3B | $2.3B |
| Diluted shares | 528 | 529.4M | 527.7M | 521.3M | 521.2M | 522.7M | 523.4M | 525.0M | 526.6M | 526.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PCAR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $62.4B and $3.0B of trailing free cash flow, PACCAR needs to grow free cash flow about 11.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 8.6% a year over the last five years.
P/E ratio history
Current 23.7x vs. median 15.4x (10th–90th percentile 11.8x–44.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PCAR dividend
- Dividend yield
- 1.31%
- Annual dividend
- $1.40
- Years of increases
- 5
- 5-yr dividend growth
- 9.1%
- per year
- Payout ratio
- 28%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PCAR analyst price targets
16 analysts' average 12-month target is $133.38 (+25% vs. $106.96). Targets range from $107.00 to $162.00. 47% rate it a buy.
PCAR earnings
Next report: October 27, 2026. PACCAR has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $7.5B (+0% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $1.36 | $1.43 | +5.4% |
| Apr 28, 2026 | $1.16 | $1.15 | -0.9% |
| Jan 27, 2026 | $1.06 | $1.06 | -0.3% |
| Oct 21, 2025 | $1.08 | $1.12 | +3.9% |
| Jul 22, 2025 | $1.31 | $1.37 | +4.3% |
| Apr 29, 2025 | $1.59 | $0.96 | -39.8% |
| Jan 28, 2025 | $1.69 | $1.66 | -1.5% |
| Oct 22, 2024 | $1.82 | $1.85 | +1.7% |
Stocks like PCAR
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|---|---|---|---|---|---|
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 WAB Westinghouse Air Brake Technolo | -1.49% | +39% | $46.0B | 33.8x | Compare |
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
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 UNP Union Pacific | -1.75% | +36% | $174.0B | 22.8x | Compare |
PCAR news
- Paccar (PCAR) Declines More Than Market: Some Information for Investors · Oct 23, 2026
- PACCAR (PCAR) Stock May Be 23% Undervalued Following PACCAR Connect Launch Plans · Oct 22, 2026
- Paccar (PCAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 20, 2026
- 3 Industrials Stocks That Fall Short · Oct 20, 2026
- Paccar (PCAR) Outperforms Broader Market: What You Need to Know · Oct 15, 2026
PCAR stock FAQ
What is PCAR's market cap?
Paccar's market capitalization is $56.30 billion as of October 23, 2026, ranking 215th in the S&P 500.
What is PCAR's P/E ratio?
PCAR trades at a trailing price-to-earnings ratio of 22.5x and a forward P/E of 14.9x. Its median P/E over the period we track is 15.4x.
Does PCAR pay a dividend?
Yes. Paccar pays $1.40 per share a year, a 1.31% yield. It has raised its dividend 5 years in a row. Dividends grew 9.1% a year over the last five years.
How much has PCAR stock returned?
Including reinvested dividends, PCAR returned +10.3% over one year, +17.2% a year over five years, +15.1% a year over ten years through October 23, 2026.
Is PCAR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Paccar must grow free cash flow about 12% a year for the next decade. Its free cash flow grew 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PCAR price target?
16 analysts cover PCAR with an average 12-month price target of $133.38, +25% from the current price. 47% of them rate it a buy.
When does PCAR report earnings?
Paccar is expected to report earnings on October 27, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Paccar have?
Paccar has about 25,900 full-time employees, or $1.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology