Demand and volumenegative · 5 filings
“The increase in equipment on operating lease dollar volume was primarily due to higher market demand in Europe and the U.S.”10-Q · Jul 29, 2026 ↗
PACCAR Inc
PCAR
Market read
PACCAR Inc's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
Company+0.6% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Dollar impact of higher average truck sales prices reported in the quarter.
- Dollar impact of higher average cost per truck on cost of sales for the period.
Invalidation: The isolated read changes if PCAR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Dollar impact of higher average truck sales prices reported in the quarter.
- Dollar impact of higher average cost per truck on cost of sales for the period.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations600
Usable filing statements261
Verified relationships11
Evidence supporting the case
- Operating cash flow covered net income at 1.86x in the latest annual period.
- Foreign exchange has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Latest annual revenue changed -15.5% year over year.
- Net margin changed -4.0 percentage points in the latest annual period.
- Demand and volume has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 5 filings.
- Labor availability and costs has repeated adverse evidence across 5 filings.
- Tariffs and trade policy has repeated adverse evidence across 5 filings.
- Macroeconomic conditions has repeated adverse evidence across 4 filings.
- Industry cycle and competition has repeated adverse evidence across 3 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 9, 2026
121.846m+2.4%12m+24.0%24m+28.3%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$23.5B+25.6%$3.57+0.3%
2022-12-31$28.8B+22.5%$5.75+0.1%
2023-12-31$35.1B+21.9%$8.76+0.3%
2024-12-31$33.7B-4.2%$7.90+0.3%
2025-12-31$28.4B-15.5%$4.51+0.0%
What management says matters
Persistent and emerging business drivers
Foreign exchangepositive · 5 filings
“Average debt balances decreased $1.10 billion (excluding foreign exchange effects), decreasing interest and other borrowing costs by $13.0 million, reflecting lower funding requirements from a decrease in dealer wholesale receivables.”10-Q · Apr 29, 2026 ↗
Input and raw-material costsnegative · 5 filings
“Customer payment performance improved in the second quarter of 2026, reflecting more favorable freight market conditions in the U.S.”10-Q · Jul 29, 2026 ↗
Labor availability and costsnegative · 5 filings
“Average truck sales prices increased sales by $191.7 million, primarily due to higher price realization in the U.S.”10-Q · Jul 29, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
122.58+0.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PCAR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for PCAR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind PCAR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
FMXFomento Económico Mexicano, S.A.B. de C.V.investeeApr 29, 2026 ▾
“The effects of currency translation increased PFS revenues by $34.6 million, primarily due to an increase in the value of the euro, Mexican peso and Brazilian real relative to the U.S.”
BRELYFiling-linked nameinvesteeOct 30, 2025 ▾
“The effect of exchange rate changes on cash increased cash and cash equivalents by $172.8 million in the first nine months of 2025, reflecting an increase in the value of foreign currencies relative to the U.S.”
Depended on by
ATMU16.3% of ATMUcustomerFeb 13, 2026 ▾
“For the year ended December 31, 2025, net sales to PACCAR and the Traton Group accounted for approximately 16.3% and 11.5%, respectively, of our net sales.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 19 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PCAR is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.