Paccar

PCAR Q4 2025 Earnings

Reported Jan 27, 2026 at 8:05 AM ET · SEC Source

Q4 25 EPS

$1.06

BEAT +0.00%

Est. $1.06

Q4 25 Revenue

$6.82B

BEAT +51.41%

Est. $4.50B

vs S&P Since Q4 25

-7.6%

TRAILING MARKET

PCAR -3.9% vs S&P +3.6%

Full Year 2025 Results

FY 25 EPS

$4.51

BEAT +0.52%

Est. $4.49

FY 25 Revenue

$28.44B

BEAT +8.86%

Est. $26.13B

Market Reaction

Did PCAR Beat Earnings? Q4 2025 Results

PACCAR closed out 2025 on a difficult note, posting Q4 revenue of $6.82 billion, down 13.7% year-over-year, though the figure cleared analyst estimates by a wide margin; earnings per diluted share of $1.06 met the consensus exactly. The core story wa… Read more PACCAR closed out 2025 on a difficult note, posting Q4 revenue of $6.82 billion, down 13.7% year-over-year, though the figure cleared analyst estimates by a wide margin; earnings per diluted share of $1.06 met the consensus exactly. The core story was a sharp contraction in truck demand, with worldwide deliveries falling to 32,900 units from 43,900 in the year-ago quarter, dragging Truck segment pretax profit down to $94.60 million from $502.90 million. Bright spots emerged in the company's more resilient businesses, as PACCAR Parts delivered quarterly revenue of $1.74 billion, up 4% year-over-year, and PACCAR Financial Services posted quarterly revenue of $568.70 million, up 10%. Analysts tracking the stock have set a long-term price target of $170, reflecting optimism around a volume recovery ahead. Management pointed to rising December order activity, driven by clearer tariff and emissions policy, as early evidence that the 2026 U.S. And Canada Class 8 market, projected at 230,000 to 270,000 units, could bring a meaningful rebound.

Key Takeaways

  • PACCAR Parts achieved record quarterly and annual revenues, providing countercyclical stability
  • PACCAR Financial Services delivered record revenues and 10% higher Q4 pretax income year-over-year
  • Truck segment revenue and profitability declined due to lower industry volumes
  • North American truck deliveries fell significantly from 22,300 to 15,000 units in Q4
  • European truck deliveries grew slightly from 12,300 to 12,700 units in Q4
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PCAR YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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PCAR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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PCAR Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“PACCAR reported very good annual revenues and net income in 2025. PACCAR Parts and PACCAR Financial Services delivered record revenue and strong profits. Kenworth, Peterbilt and DAF's premium quality trucks contributed to the very good results. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.”

— Preston Feight, Q4 2025 Earnings Press Release