PACCAR Inc (PCAR) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Agricultural - Machinery
EV/EBITDA
↑
13.74
↑+29% vs avg
5yr avg: 10.63
30Y Low5.4·High30.4
P/FCF
↓
20.24
↓-23% vs avg
5yr avg: 26.42
30Y Low6.5·High86.5
P/B Ratio
↑
3.19
+9% vs avg
5yr avg: 2.93
30Y Low1.7·High4.1
ROE
↓
12.9%
↑-42% vs avg
5yr avg: 22.2%
30Y Low2%·High36%
Debt/EBITDA
↓
N/A
—
5yr avg: 2.68
30Y Low2.1·High10.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PCAR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PACCAR Inc trades at 25.8x earnings, 69% above its 5-year average of 15.3x, sitting at the 87th percentile of its historical range. This is roughly in line with the Industrials sector median P/E of 25.9x. On a free-cash-flow basis, the stock trades at 20.2x P/FCF, 23% below the 5-year average of 26.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $61.3B | $57.7B | $54.8B | $51.3B | $34.5B | $30.7B | $30.0B | $27.5B | $20.1B | $25.1B | $22.5B |
| Enterprise Value | $52.1B | $48.4B | $63.6B | $58.5B | $41.5B | $38.1B | $37.7B | $35.1B | $27.5B | $32.9B | $30.1B |
| P/E Ratio → | 25.83 | 24.28 | 13.17 | 11.15 | 11.47 | 16.48 | 23.10 | 11.51 | 9.16 | 15.00 | 43.03 |
| P/S Ratio | 2.16 | 2.03 | 1.63 | 1.46 | 1.20 | 1.31 | 1.60 | 1.07 | 0.86 | 1.29 | 1.32 |
| P/B Ratio | 3.19 | 2.99 | 3.13 | 3.23 | 2.62 | 2.65 | 2.88 | 2.83 | 2.34 | 3.12 | 3.32 |
| P/FCF | 20.24 | 19.04 | 18.92 | 17.51 | 21.10 | 55.52 | 22.22 | 30.90 | 19.33 | 28.86 | 66.92 |
| P/OCF | 13.89 | 13.06 | 11.80 | 12.24 | 11.41 | 14.06 | 10.03 | 9.61 | 6.72 | 9.24 | 9.77 |
P/E links to full P/E history page with 30-year chart
PCAR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PACCAR Inc's enterprise value stands at 13.7x EBITDA, 29% above its 5-year average of 10.6x. This is roughly in line with the Industrials sector median of 13.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.70 | 1.89 | 1.66 | 1.44 | 1.62 | 2.02 | 1.37 | 1.17 | 1.69 | 1.77 |
| EV / EBITDA | 13.74 | 12.78 | 10.95 | 8.51 | 9.29 | 11.62 | 14.40 | 8.67 | 7.34 | 10.30 | 10.31 |
| EV / EBIT | 17.58 | 14.37 | 13.00 | 9.83 | 11.29 | 16.50 | 24.02 | 11.81 | 10.21 | 15.75 | 15.61 |
| EV / FCF | — | 15.99 | 21.97 | 19.97 | 25.37 | 68.75 | 27.98 | 39.48 | 26.40 | 37.90 | 89.65 |
PCAR Profitability
Margins and return-on-capital ratios measuring operating efficiency
PACCAR Inc earns an operating margin of 10.4%, above the Industrials sector average of 4.9%. Operating margins have compressed from 16.9% to 10.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.9% is modest. ROIC of 12.2% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.2% | 16.2% | 19.9% | 21.7% | 18.1% | 18.2% | 18.5% | 18.8% | 18.7% | 18.9% | 19.8% |
| Operating Margin | 10.4% | 10.4% | 14.5% | 16.9% | 12.8% | 9.8% | — | 11.6% | 11.4% | 10.8% | 11.3% |
| Net Profit Margin | 8.4% | 8.4% | 12.4% | 13.1% | 10.4% | 7.9% | 6.9% | 9.3% | 9.3% | 8.6% | 3.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 12.9% | 24.9% | 31.7% | 24.3% | 17.0% | 12.9% | 26.1% | 26.4% | 22.6% | 7.6% |
| ROA | 5.4% | 5.4% | 9.9% | 12.4% | 9.6% | 6.5% | 4.6% | 8.9% | 9.0% | 7.6% | 2.5% |
| ROIC | 12.2% | 12.2% | 14.9% | 20.6% | 14.1% | 9.3% | — | 13.4% | 12.7% | 10.3% | 10.0% |
| ROCE | 8.9% | 8.9% | 16.7% | 23.0% | 16.3% | 10.9% | — | 15.7% | 15.3% | 12.7% | 12.3% |
PCAR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $9.3B exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 9.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.91 | 0.91 | 0.89 | 0.93 | 1.09 | 1.22 | 1.26 | 1.27 | 1.41 |
| Debt / EBITDA | — | — | 2.74 | 2.09 | 2.61 | 3.28 | 4.32 | 2.91 | 2.88 | 3.19 | 3.27 |
| Net Debt / Equity | — | -0.48 | 0.50 | 0.45 | 0.53 | 0.63 | 0.75 | 0.79 | 0.86 | 0.98 | 1.13 |
| Net Debt / EBITDA | -2.44 | -2.44 | 1.52 | 1.05 | 1.56 | 2.24 | 2.97 | 1.88 | 1.97 | 2.45 | 2.61 |
| Debt / FCF | — | -3.05 | 3.05 | 2.46 | 4.27 | 13.24 | 5.76 | 8.58 | 7.07 | 9.04 | 22.72 |
| Interest Coverage | 9.73 | 9.73 | 157.31 | 1165.96 | — | 562.98 | — | — | — | 1230.35 | 187.27 |
Net cash position: cash ($9.3B) exceeds total debt ($0)
PCAR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.70x means PACCAR Inc can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.50x to 1.70x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.70 | 1.70 | 2.64 | 2.50 | 2.60 | 2.62 | 2.69 | 2.41 | 2.42 | 2.57 | 2.81 |
| Quick Ratio | 1.42 | 1.42 | 2.45 | 2.30 | 2.37 | 2.37 | 2.52 | 2.27 | 2.26 | 2.42 | 2.66 |
| Cash Ratio | 1.17 | 1.17 | 0.76 | 0.70 | 0.66 | 0.62 | 0.68 | 0.63 | 0.59 | 0.60 | 0.63 |
| Asset Turnover | — | 0.64 | 0.78 | 0.86 | 0.87 | 0.80 | 0.66 | 0.90 | 0.92 | 0.83 | 0.83 |
| Inventory Turnover | 10.89 | 10.89 | 11.39 | 10.67 | 10.73 | 9.74 | 12.49 | 18.02 | 16.13 | 17.00 | 18.77 |
| Days Sales Outstanding | — | 25.42 | 230.38 | 205.42 | 198.99 | 209.42 | 253.71 | 18.62 | 20.42 | 21.16 | 18.48 |
PCAR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PACCAR Inc returns 3.8% to shareholders annually — split between a 3.7% dividend yield and 0.1% buyback yield. The payout ratio of 95.4% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 3.9% | 4.2% | 3.0% | 2.9% | 2.3% | 4.1% | 4.1% | 4.0% | 2.2% | 3.7% |
| Payout Ratio | 95.4% | 95.4% | 55.0% | 33.0% | 33.4% | 38.0% | 95.3% | 47.7% | 36.6% | 33.3% | 159.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.1% | 7.6% | 9.0% | 8.7% | 6.1% | 4.3% | 8.7% | 10.9% | 6.7% | 2.3% |
| FCF Yield | 4.9% | 5.3% | 5.3% | 5.7% | 4.7% | 1.8% | 4.5% | 3.2% | 5.2% | 3.5% | 1.5% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 1.8% | 0.0% | 0.3% |
| Total Shareholder Yield | 3.8% | 4.0% | 4.2% | 3.0% | 2.9% | 2.3% | 4.3% | 4.5% | 5.8% | 2.2% | 4.0% |
| Shares Outstanding | — | $527M | $527M | $525M | $523M | $523M | $521M | $521M | $528M | $529M | $528M |
Peer Comparison
Compare PCAR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PCARYou | $61B | 25.8 | 13.7 | 20.2 | 16.2% | 10.4% | 12.9% | 12.2% | — |
 CMI | $99B | 34.9 | 21.0 | 41.4 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
 OSK | $10B | 15.6 | 9.0 | 16.0 | 16.9% | 9.1% | 14.9% | 14.1% | 0.9 |
 CAT | $431B | 49.2 | 34.5 | 42.0 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $160B | 32.0 | 20.3 | 49.6 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
 AGCO | $9B | 12.3 | 10.3 | 11.8 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 ALV | $9B | 12.7 | 7.3 | 12.7 | 19.2% | 10.1% | 30.3% | 19.4% | 1.6 |
 BWA | $12B | 46.4 | 6.9 | 10.4 | 18.7% | 9.2% | 4.9% | 12.9% | 2.0 |
 VC | $3B | 15.6 | 6.4 | 11.0 | 14.1% | 8.8% | 13.6% | 19.5% | 1.2 |
 ALSN | $11B | 17.4 | 11.0 | 16.4 | 48.4% | 32.3% | 35.4% | 22.2% | 2.7 |
 ATMU | $4B | 21.7 | 14.9 | 29.8 | 28.9% | 16.4% | 68.5% | 31.2% | 1.8 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPCAR — Frequently Asked Questions
Quick answers to the most common questions about buying PCAR stock.
What is PACCAR Inc's P/E ratio?
PACCAR Inc's current P/E ratio is 25.8x. The historical average is 19.8x. This places it at the 87th percentile of its historical range.
What is PACCAR Inc's EV/EBITDA?
PACCAR Inc's current EV/EBITDA is 13.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is PACCAR Inc's ROE?
PACCAR Inc's return on equity (ROE) is 12.9%. The historical average is 20.5%.
Is PCAR stock overvalued?
Based on historical data, PACCAR Inc is trading at a P/E of 25.8x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PACCAR Inc's dividend yield?
PACCAR Inc's current dividend yield is 3.69% with a payout ratio of 95.4%.
What are PACCAR Inc's profit margins?
PACCAR Inc has 16.2% gross margin and 10.4% operating margin. Operating margin between 10-20% is typical for established companies.