)
Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Paccar (PCAR) investor relations material
Paccar Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Oct, 2025
Executive summary
Q3 2025 revenues were $6.7 billion with net income of $590 million, down from $8.24 billion and $972.1 million in Q3 2024, mainly due to lower truck deliveries but supported by strong parts and financial services.
Nine-month 2025 revenues reached $21.62 billion, net income $1.82 billion, and adjusted net income $2.08 billion, reflecting a $264.5 million after-tax EC-related litigation charge.
Global truck deliveries in Q3 2025 totaled 31,900 units, down 29% year-over-year.
Record PACCAR Parts Q3 revenues of $1.72 billion, up 4% year-over-year, with pretax income of $410 million and a 29.5% gross margin.
PACCAR Financial Services Q3 pretax income was $126 million, with a portfolio of 229,000 trucks/trailers and low delinquencies.
Financial highlights
Q3 2025 consolidated net sales and revenues: $6.67 billion; net income: $590 million; after-tax return on revenues: 8.8%.
Truck sales in Q3 2025 were $4.38 billion, down from $6.03 billion in Q3 2024; parts sales rose to $1.72 billion.
Truck, parts, and other gross margins were 12.5% in Q3, with truck segment gross margin at 5.8% and parts segment at 29.5%.
Financial Services revenues in Q3 2025 were $565.3 million, up from $536.1 million in Q3 2024.
Cash and marketable securities at September 30, 2025, totaled $9.07 billion.
Outlook and guidance
2025 U.S. and Canada Class 8 truck market forecasted at 230,000–245,000 units; 2026 outlook is 230,000–270,000 units.
European above 16-ton market projected at 275,000–295,000 vehicles for 2025, and 270,000–300,000 for 2026.
South American above 16-ton market expected at 95,000–105,000 vehicles for 2025 and similar for 2026.
Fourth quarter truck deliveries anticipated at around 32,000 units, with order books 60%–70% full and uniform across regions.
Capital expenditures projected at $750–$775 million and R&D expenses at $450–$465 million for 2025; similar levels expected in 2026.
Impact of Section 232 truck tariffs?
Amplify battery factory production start?
2026 R&D focus areas?
232's impact on PACCAR's competitive position?
EPA 2027 NOx: When will pre-buy decisions occur?
Parts margin expansion drivers for 2026?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Paccar earnings date
Q4 202521 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Commercial Trucks
PACCAR Inc. is an American company with multinational operations that designs and manufactures commercial trucks and equipment. This is done through three different subsidiaries: DAF, Kenworth, and Peterbilt. Besides its main operations within truck manufacturing, the company also distributes parts, various types of equipment, and financial services related to its principal business. The company is headquartered in Bellevue, Washington and its shares are listed on the Nasdaq.
An Amalgamation of Industry Giants
PACCAR's journey began in 1905 as the Seattle Car Manufacturing Company, founded by William Pigott Sr., specializing in railway and logging equipment. In 1928, it merged with Twohy Brothers to form the Pacific Car and Foundry Company, which enabled them to produce a broader range of products beyond rail cars, including trucks and truck parts. The transformation into a major player in the automotive and trucking industry began in the 1940s and 1950s with the acquisition of Kenworth and Peterbilt, two iconic names in truck manufacturing.
These acquisitions marked a significant shift towards specializing in heavy-duty trucks, and in 1972 the company rebranded to PACCAR. Over the years, PACCAR expanded globally while continuing to make acquisitions. Notably, it acquired the Netherlands-based DAF Trucks in 1996, allowing it to truly compete in Europe. Today, the company is one of the largest truck manufacturers in the world, together with names such as Volvo, Daimler, TATA, and several others.
Heavy Duty Trucks
PACCAR manufactures a wide variety of trucks through its subsidiaries Kenworth, Peterbilt, and DAF, each catering to different segments of the trucking market. Kenworth and Peterbilt are predominantly recognized for their heavy-duty trucks in North America, serving sectors like long-haul transportation, regional distribution, construction, and logging.
DAF in Europe
DAF, primarily operating in Europe, offers a range of trucks that include light, medium, and heavy-duty models. These trucks are tailored for different purposes, such as urban delivery, long-distance transport, and various industrial applications. Over the years, DAF has proven to be an important subsidiary in order to compete in the highly competitive European market.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage