PACCAR PCAR

Nasdaq · Motor Vehicles & Passenger Car Bodies · $55.9B

$104.50−1.56%Nov 5 close · Databento

Every report since 2023 →

🔒 Click to interact · scroll moves the page

PCAR Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $104.501D −1.56%3M −20.37%SMA20 $106.49SMA50 $112.74RSI(14) 40.5

104.50

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 40.5

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$55.9B

EV / True FCF14.4x

Revenue$28.4B −15.5%

True FCF (ex-SBC)$3.6B −3.4%

Rule of 40-2.6%

True FCF Yield6.5%

EPS, diluted$4.51 −42.9%

Modern Valuation (EOD)

Market Cap$55.9B

Enterprise Value$52.7B

EV / True FCF14.43

EV / FCF14.34

EV / Gross Profit—

EV / EBIT—

EV / Sales1.85

P / E (GAAP)23.52

P / FCF15.21

P / Oper. CF12.65

P / Book2.90

Owner & Cash Yields

True FCF Yield6.5%

FCF Yield6.6%

Owner Earn. Yield3.6%

Earnings Yield4.3%

Shareholder Yield+4.1%

Buyback Yield0.1%

Dividend Yield2.60%

Dividend / sh$2.72

Payout Ratio95%

FCF / sh$6.98

EPS (diluted)$4.51

Compounder & Returns

Rule of 40-2.6%

ROIC—

Cash ROIC (CROIC)22.9%

GP / Assets—

ROE12.3%

ROA5.4%

Gross Margin—

Oper. Margin—

Net Margin8.4%

FCF Margin12.9%

True FCF Margin12.8%

Quality & Dilution

Cash Conversion155%

Accrual Ratio−4.6%

SBC % of FCF0.7%

SBC % of Rev0.1%

Reinvest. Rate27%

Sales Growth Y/Y−15.5%

Sales 3Y CAGR−0.4%

EPS Growth Y/Y−42.9%

FCF Growth Y/Y−3.4%

FCF 3Y CAGR+13.7%

Share Change Y/Y0.0%

Balance Sheet & Scale

Revenue (FY)$28.4B

Gross Profit (FY)—

Oper. Income (FY)—

GAAP Net Income$2.4B

True FCF (ex-SBC)$3.6B

Cash & Equiv$3.2B

Total Debt—

Net Cash (Debt)$3.2B

Net Cash % MCap+5.8%

Debt / FCF (yrs)—

Current Ratio—526.51M sh

Price & Technicals (EOD)

Perf Week+2.16%

Perf Month−2.21%

Perf Quarter−21.49%

Perf Half Y−8.37%

Perf YTD−18.56%

SMA 20 Dist−1.87%$106.49

SMA 50 Dist−7.31%$112.74

SMA 100 Dist−12.85%$119.90

Window High−24.39%$138.21

Window Low+2.54%$101.91

RSI (14) · Vol40.525%v

Income Distribution & Cash Flow ConversionHow every dollar of PCAR revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$22.7B ($79.9 / $100)

R&D Reinvestment$445.5M ($1.6 / $100)

SG&A & Other OpEx$735.8M ($2.6 / $100)

Tax & Non-Operating$3.3B ($11.7 / $100)

Net Profit Kept$2.4B ($4.2 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$2.4B (8.4% margin)

Operating Cash Flow (OCF)$4.4B(15.5% of rev)

Less: Capital Expenditures−$743.0M(2.6% of rev)

Standard Free Cash Flow (FCF)$3.7B(12.9% margin)

Less: Stock-Based Comp (SBC)−$24.1M(0.7% of FCF)

True FCF (Owner Cash ex-SBC)$3.6B(12.8% of rev)

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$23.5B	$28.8B	$35.1B	$33.7B	$28.4B	−15.5%	+4.9%
Cost of Revenue (COGS)	—	$23.3B	$26.9B	$26.1B	$22.7B	−12.8%	−0.8%
Research & Development (R&D)	—	$341.2M	$410.9M	$452.9M	$445.5M	−1.6%	+9.3%
Selling, General & Admin (SG&A)	—	$726.3M	$753.3M	$744.0M	$735.8M	−1.1%	+0.4%
Income Tax Expense	$530.8M	$837.1M	$1.1B	$1.2B	$647.7M	−47.7%	+5.1%
GAAP Net Income	$1.9B	$3.0B	$4.6B	$4.2B	$2.4B	−42.9%	+6.2%
Diluted EPS	$3.57	$5.75	$8.76	$7.90	$4.51	−42.9%	+6.0%
Diluted Shares	522.7M	523.4M	525.0M	526.6M	526.8M	+0.0%	+0.2%
Balance Sheet
Cash & Equivalents	$3.2B	$3.2B	$3.2B	$3.2B	$3.2B	+0.0%	+0.0%
Inventory	$2.0B	$2.0B	$2.0B	$2.0B	$2.0B	+0.0%	+0.0%
Total Assets	$29.5B	$33.3B	$40.8B	$43.4B	$44.3B	+2.1%	+10.7%
Stockholders' Equity	$11.6B	$13.2B	$15.9B	$17.5B	$19.3B	+10.0%	+13.5%
Net Cash / (Net Debt)	$3.2B	$3.2B	$3.2B	$3.2B	$3.2B	+0.0%	+0.0%
Invested Capital	$8.4B	$9.9B	$12.7B	$14.3B	$16.0B	+12.3%	+17.6%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$2.2B	$3.0B	$4.2B	$4.6B	$4.4B	−4.9%	+19.2%
Depreciation & Amortization (D&A)	$270.0M	$332.2M	$415.0M	$398.4M	$398.2M	−0.1%	+10.2%
Stock-Based Compensation (SBC)	$14.7M	$17.1M	$21.2M	$22.9M	$24.1M	+5.2%	+13.2%
Capital Expenditures (CapEx)	$559.1M	$525.0M	$695.0M	$838.7M	$743.0M	−11.4%	+7.4%
Free Cash Flow (FCF)	$1.6B	$2.5B	$3.5B	$3.8B	$3.7B	−3.4%	+22.6%
True FCF (ex-SBC Owner Cash)	$1.6B	$2.5B	$3.5B	$3.8B	$3.6B	−3.5%	+22.6%
Share Repurchases (Buybacks)	$1.5M	$2.1M	$3.5M	$4.5M	$36.1M	+702.2%	+121.5%
Dividends Paid	$708.0M	$1.0B	$1.5B	$2.3B	$2.3B	−0.9%	+33.8%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what PCAR did at the next close after each story

No Wire story has named PCAR yet.

What happened · big days

16 big days in a year, and what we hold on each

A big day is a close more than 3.20% from the one before, three times PCAR’s median day (1.07%). On 6 of the 16, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±3.20%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayPCARWhat we hold that dayGroup (median of 4) · each

1 Nov 5, 2025+3.94%
Before our storiesgroup +3.4%, moved with PCAR
1Nov 5, 2025+3.94%
Before our stories
+3.4% moved with PCARRIVN +23.4 · TSLA +4.0 · GM +2.8 · F +2.5
2 Nov 21, 2025+5.52%
Before our storiesgroup +2.4%, did not move with it
2Nov 21, 2025+5.52%
Before our stories
+2.4% did not move with itF +3.4 · GM +3.4 · RIVN +1.4 · TSLA −1.1
3 Dec 10, 2025+4.20%
Before our storiesgroup +2.0%, did not move with it
3Dec 10, 2025+4.20%
Before our stories
+2.0% did not move with itGM +4.7 · F +2.5 · TSLA +1.4 · RIVN −1.2
4 Jan 6, 2026+3.68%
Before our storiesgroup −0.7%, did not move with it
4Jan 6, 2026+3.68%
Before our stories
−0.7% did not move with itF +2.5 · RIVN −0.3 · GM −1.2 · TSLA −4.1
5 Jan 21, 2026+3.25%
Before our storiesgroup +3.3%, moved with PCAR
5Jan 21, 2026+3.25%
Before our stories
+3.3% moved with PCARGM +4.0 · F +3.7 · TSLA +2.9 · RIVN +1.9
6 Feb 12, 2026−3.58%
Before our storiesgroup −1.2%, did not move with it
6Feb 12, 2026−3.58%
Before our stories
−1.2% did not move with itRIVN −5.2 · TSLA −2.6 · GM +0.1 · F +1.1
7 Apr 8, 2026+5.07%
Before our storiesgroup +4.3%, moved with PCAR
7Apr 8, 2026+5.07%
Before our stories
+4.3% moved with PCARF +5.7 · GM +5.5 · RIVN +3.1 · TSLA −1.0
8 Apr 28, 2026−5.97%
Resultsgroup −0.7%, did not move with it
8Apr 28, 2026−5.97%
ResultsFirst close after the Apr 28 results filing
−0.7% did not move with itRIVN −3.5 · F −0.7 · TSLA −0.7 · GM +1.3
9 Jun 4, 2026+3.22%
Before our storiesgroup −1.0%, did not move with it
9Jun 4, 2026+3.22%
Before our stories
−1.0% did not move with itGM +1.9 · RIVN −0.8 · TSLA −1.2 · F −2.4
10 Jun 10, 2026−4.76%
Nothing on PCARgroup −4.8%, moved with PCAR
10Jun 10, 2026−4.76%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
−4.8% moved with PCARRIVN −6.2 · GM −5.2 · F −4.3 · TSLA −3.8
11 Jun 25, 2026+3.97%
Nothing on PCARgroup +0.7%, did not move with it
11Jun 25, 2026+3.97%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
+0.7% did not move with itF +1.9 · RIVN +1.5 · TSLA −0.1 · GM −0.5
12 Jul 6, 2026+5.36%
Nothing on PCARgroup +5.1%, moved with PCAR
12Jul 6, 2026+5.36%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
+5.1% moved with PCARRIVN +8.1 · TSLA +6.7 · F +3.5 · GM +2.4
13 Jul 22, 2026+3.85%
Nothing on PCARgroup −0.1%, did not move with it
13Jul 22, 2026+3.85%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
−0.1% did not move with itGM +3.3 · F +1.1 · TSLA −1.3 · RIVN −3.3
14 Jul 28, 2026+3.57%
Resultsgroup +1.6%, did not move with it
14Jul 28, 2026+3.57%
ResultsFirst close after the Jul 28 results filing
+1.6% did not move with itGM +3.8 · F +1.9 · RIVN +1.3 · TSLA −0.6
15 Sep 16, 2026−3.46%
Nothing on PCARgroup −1.2%, did not move with it
15Sep 16, 2026−3.46%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
−1.2% did not move with itRIVN −2.0 · GM −1.3 · F −1.1 · TSLA +0.4
16 Nov 4, 2026+4.05%
Nothing on PCARgroup +3.8%, moved with PCAR
16Nov 4, 2026+4.05%
Nothing on PCARNo PCAR story, brief or results filing in our record that day
+3.8% moved with PCARRIVN +5.8 · GM +4.6 · F +2.9 · TSLA −3.3

A story on the same day is not a cause, and a group move is not proof either. Group: the median of TSLA, GM, F and RIVN that day, the largest companies in PCAR’s SEC industry; “moved with PCAR” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). PCAR reports before the open, so day 1 is that day’s close. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Jan 27, 2026

day 1−1.06%day 6+4.74%

Reported Apr 28, 2026

day 1−5.97%day 6−10.83%

Reported Jul 28, 2026

day 1+3.57%day 6+1.89%

Reported Oct 27, 2026

day 1−0.61%day 6−2.24%

Next report: expected late JanuaryEstimated from the dates of its last four results filings. Not announced. Since the Oct 27 report: +0.12%. Four reports is a small sample.

Every report since 2023 →

Each line is PCAR’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

PCAR against four carmaker peers, a year at 100

PCAR is up 5.9% in a year. General Motors is up 30.6%. Of these four, Ford Motor (−4.1%), Tesla (−10.3%) and Rivian Automotive (−12.7%) did less. Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

Share this chart

PCAR +5.9%. General Motors +30.6%, Ford Motor −4.1%, Tesla −10.3%, Rivian Automotive −12.7%. Weekly closes, Nov 7, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in PCAR’s SEC industry (Motor Vehicles & Passenger Car Bodies) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

TSLA	Tesla	$1.52T	−10.77%
GM	General Motors	$81.1B	−3.35%
F	Ford Motor	$50.4B	−1.10%
RIVN	Rivian Automotive	$16.7B	−5.48%
LI	Li Auto	$12.4B	+2.94%
OSK	Oshkosh	$8.9B	−4.64%
NIO	NIO	$7.5B	−3.03%
FSS	Federal Signal	$7.2B	−4.96%