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PACCAR Inc FY 2025 10-K, explained in plain English

PCAR · 10-K for the period ending December 31, 2025, filed February 18, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$28.4B
Gross margin20.1%
Operating income— not reported
Net income$2.4B
Diluted EPS$4.51
Cash & equivalents— not reported
Total assets$44.3B
Long-term debt— not reported

Key takeaway

Worldwide revenue declined 15% to $28.44 billion in 2025, driven by a 22% drop in truck deliveries across all major markets amid weaker retail demand.

🔒 4 more takeaways in the full analysis

Beneath the surface

The $350.0 million pre-tax ($264.5 million after-tax) EC-related civil litigation charge in Q1 2025 significantly depressed reported earnings; excluding it, adjusted net income was $2.64 billion ($5.01 diluted EPS), a materially better underlying performance.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for PCAR.

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