PACCAR (PCAR)
Builds Kenworth, Peterbilt, and DAF trucks, supported by parts distribution and financing.
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PACCAR builds heavy commercial trucks under DAF, Kenworth and Peterbilt, then keeps earning when those trucks need parts, service, loans or leases. New-truck sales still dominate, but the steadier parts and finance businesses cushion a truck downturn, while electric, connected and automated vehicles are the longer-term build.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
9 in detail · 15 more below
PACCAR Trucks
New trucks remain the core, but FY2025 revenue fell 22% as deliveries contracted. The $4.9B of year-end orders waiting to be built was expected to ship mostly in FY2026, making the rebound dependent on orders holding.
Competes with Cascadia and 114SD Plus (Freightliner) · LT and HX (International Motors) · FH Aero (Volvo Trucks)
In plain English
Three names sit on PACCAR's trucks: DAF in Europe and beyond, plus Kenworth and Peterbilt in North America. Together they cover long highway runs, local deliveries, construction and garbage collection.
The money arrives when an independent dealer sells a truck configured for a fleet or owner-driver. This is a factory business, so fewer orders leave expensive plants and workers with less to build, squeezing profit quickly. A sale also starts a longer trail of parts, repairs, financing and digital services that can outlast a slow spell in new-truck demand.
DAF Trucks
PACCAR's European-centered truck brand also sells in Brazil. DAF held 13.5% of Europe's heavy-truck market in FY2025; the watchpoint is whether improving regional demand becomes dealer orders.
Competes with FH Aero (Volvo Trucks) · R-series (TRATON/Scania)
In plain English
Picture the square-front truck with its driver's cab sitting above the engine: that is DAF's home ground. Its XB through XG+ models carry goods for European fleets, while its Brazilian operation broadens the route.
Independent dealers sell and service the trucks. A transport company pays for a vehicle fitted to its route and load, and DAF earns again later when that truck needs maintenance and PACCAR parts. Freight demand, emissions rules and currency swings decide how many trucks buyers order and how much those sales are worth in dollars.
Kenworth Truck Company
Kenworth spans highway hauling and hard-use work such as construction. It delivered 38,300 vehicles in FY2025; freight conditions and the rebound in North American production determine what comes next.
Competes with Cascadia and 114SD Plus (Freightliner) · LT and HX (International Motors)
In plain English
Kenworth is PACCAR's North American workhorse, selling large highway tractors as well as trucks built for construction and other demanding jobs. Buyers choose a cab, engine and body for the work they expect it to do.
Dealers help fleets configure the truck, arrange financing and keep it running. PACCAR collects most of the money when a new vehicle is sold, so earnings rise and fall sharply with factory volume. The same sale also plants years of demand for replacement parts, repairs and connected monitoring.
Peterbilt Motors Company
Peterbilt sells highway, construction and garbage trucks in North America. Its Model 520 held 31.7% of the low-cab garbage-truck niche in FY2025; fleet replacement remains the swing factor.
Competes with Cascadia and EconicSD (Freightliner) · VNL (Volvo Trucks) · LT (International Motors)
In plain English
On an American highway, Peterbilt is the sibling aimed at long-distance haulers and owner-drivers; in town, its lower-cab models collect garbage and handle other specialized work. The product range stretches from medium trucks to the largest road tractors.
The buyer pays for a truck tailored to a particular job, usually through an independent dealer and sometimes with PACCAR financing. Peterbilt makes money on the sale, while its dealer network and mobile repair units keep the relationship alive through parts and service. Used-truck values and miles driven eventually shape the next replacement decision.
PACCAR Connect
PACCAR Connect lets fleets monitor trucks, install software remotely and spot repairs early. Roughly half a million vehicles carried it by FY2025-end, but PACCAR does not disclose how many customers pay or how much.
Competes with Volvo Connect (Volvo Trucks) · Detroit Connect with Virtual Technician (Daimler Truck)
In plain English
A truck can phone home before a warning light becomes a roadside breakdown. PACCAR Connect sends vehicle information to fleets and dealers, helps schedule repairs and lets software be updated without visiting a workshop.
Think of it as a shared appointment book between the truck, its owner and the service bay. Fleets pay for more time on the road; dealers receive earlier repair work; PACCAR can earn from the service and the parts that follow. The open question is how much of the large connected base becomes paying, repeat business.
PACCAR's Zero Emissions Trucks
Battery-powered versions of Kenworth, Peterbilt and DAF trucks are already in production. The lineup reached 13 models by FY2025-end, while high prices, driving range and access to charging keep adoption modest in core markets.
Competes with eCascadia and eM2 (Freightliner) · FH Aero Electric and VNR Electric (Volvo Trucks)
In plain English
These are familiar PACCAR work trucks with batteries and electric motors replacing the diesel engine. They suit routes that return to the same yard, where charging can happen on a schedule.
PACCAR earns when a fleet buys the truck and can also supply chargers and setup help through PACCAR Power Solutions. The trade is simple to picture: no diesel exhaust from the truck in exchange for a higher purchase price, extra battery weight and time spent charging. Battery cost, government support and available grid power decide how quickly this grows from a small base.
PACCAR Parts
Replacement parts are the steadier profit engine: FY2025 revenue grew 3% to $6.87B and produced $1.67B of profit before tax, almost twice the truck business despite far less revenue.
Competes with Alliance Parts (Daimler Truck) · Fleetrite (International Motors) · heavy-duty parts and repair network (FleetPride)
In plain English
The unglamorous repeat business begins after a truck leaves the showroom. Filters wear out, brakes need replacing and damaged pieces must be swapped, whether the vehicle is new or old.
PACCAR moves its own parts and TRP parts for many truck makes through distribution centers to dealers and repair shops. Fleets keep paying because a parked truck cannot earn its keep, so availability matters as much as price. Millions of trucks already on the road turn one vehicle sale into years of smaller purchases, making this business steadier and much more profitable per sales dollar than building the truck.
PACCAR Financial Services
PACCAR lends to truck buyers and dealers, leases vehicles and resells used ones. FY2025 revenue grew 5% to $2.21B, but payments more than a month late rose to 2.4%, including three large U.S. fleets.
Competes with Daimler Truck Financial Services (Daimler Truck) · Volvo Financial Services (Volvo)
In plain English
Few fleets pay cash for rows of expensive trucks. PACCAR Financial supplies the loan or lease at the dealership, then collects monthly payments while the vehicles work.
It is the company's built-in lender: it borrows money, lends it at a higher rate and keeps the difference after credit losses and other costs. Dealers also borrow to stock new trucks, and used vehicles are sold when leases end. Profit depends on borrowing costs, customers paying on time and what an old truck will fetch when PACCAR needs to sell it.
PacLease
PacLease bundles a truck, maintenance and roadside help into one recurring payment. Its fleet fell from 40,800 vehicles in FY2024 to 37,000 by FY2026 Q2, so new placements are not yet replacing departures.
Competes with ChoiceLease (Ryder) · full-service leasing (Penske Truck Leasing)
In plain English
Sometimes the customer wants the truck's work, not the burden of owning it. PacLease provides Kenworth, Peterbilt and DAF vehicles for a regular payment and can include repairs, roadside help and short-term rentals.
This resembles renting an apartment with the maintenance crew included. Fleet operators get predictable costs and avoid arranging every repair; PACCAR receives recurring payments, places new trucks and feeds work to its parts network. When the agreement ends, the used truck still has to be sold, so maintenance quality, how often vehicles are working and resale prices all matter.
PACCAR TrucksNew trucks remain the core, but FY2025 revenue fell 22% as deliveries contracted. The $4.9B of year-end orders waiting to be built was expected to ship mostly in FY2026, making the rebound dependent on orders holding.New trucks remain the core, but FY2025 revenue fell 22% as deliveries contracted. The $4.9B of year-end orders waiting to be built was expected to ship mostly in FY2026, making the rebound dependent on orders holding.
In plain English
Three names sit on PACCAR's trucks: DAF in Europe and beyond, plus Kenworth and Peterbilt in North America. Together they cover long highway runs, local deliveries, construction and garbage collection.
The money arrives when an independent dealer sells a truck configured for a fleet or owner-driver. This is a factory business, so fewer orders leave expensive plants and workers with less to build, squeezing profit quickly. A sale also starts a longer trail of parts, repairs, financing and digital services that can outlast a slow spell in new-truck demand.
Competes with Cascadia and 114SD Plus (Freightliner) · LT and HX (International Motors) · FH Aero (Volvo Trucks)
DAF TrucksPACCAR's European-centered truck brand also sells in Brazil. DAF held 13.5% of Europe's heavy-truck market in FY2025; the watchpoint is whether improving regional demand becomes dealer orders.PACCAR's European-centered truck brand also sells in Brazil. DAF held 13.5% of Europe's heavy-truck market in FY2025; the watchpoint is whether improving regional demand becomes dealer orders.
In plain English
Picture the square-front truck with its driver's cab sitting above the engine: that is DAF's home ground. Its XB through XG+ models carry goods for European fleets, while its Brazilian operation broadens the route.
Independent dealers sell and service the trucks. A transport company pays for a vehicle fitted to its route and load, and DAF earns again later when that truck needs maintenance and PACCAR parts. Freight demand, emissions rules and currency swings decide how many trucks buyers order and how much those sales are worth in dollars.
Competes with FH Aero (Volvo Trucks) · R-series (TRATON/Scania)
Kenworth Truck CompanyKenworth spans highway hauling and hard-use work such as construction. It delivered 38,300 vehicles in FY2025; freight conditions and the rebound in North American production determine what comes next.Kenworth spans highway hauling and hard-use work such as construction. It delivered 38,300 vehicles in FY2025; freight conditions and the rebound in North American production determine what comes next.
In plain English
Kenworth is PACCAR's North American workhorse, selling large highway tractors as well as trucks built for construction and other demanding jobs. Buyers choose a cab, engine and body for the work they expect it to do.
Dealers help fleets configure the truck, arrange financing and keep it running. PACCAR collects most of the money when a new vehicle is sold, so earnings rise and fall sharply with factory volume. The same sale also plants years of demand for replacement parts, repairs and connected monitoring.
Competes with Cascadia and 114SD Plus (Freightliner) · LT and HX (International Motors)
Peterbilt Motors CompanyPeterbilt sells highway, construction and garbage trucks in North America. Its Model 520 held 31.7% of the low-cab garbage-truck niche in FY2025; fleet replacement remains the swing factor.Peterbilt sells highway, construction and garbage trucks in North America. Its Model 520 held 31.7% of the low-cab garbage-truck niche in FY2025; fleet replacement remains the swing factor.
In plain English
On an American highway, Peterbilt is the sibling aimed at long-distance haulers and owner-drivers; in town, its lower-cab models collect garbage and handle other specialized work. The product range stretches from medium trucks to the largest road tractors.
The buyer pays for a truck tailored to a particular job, usually through an independent dealer and sometimes with PACCAR financing. Peterbilt makes money on the sale, while its dealer network and mobile repair units keep the relationship alive through parts and service. Used-truck values and miles driven eventually shape the next replacement decision.
Competes with Cascadia and EconicSD (Freightliner) · VNL (Volvo Trucks) · LT (International Motors)
PACCAR ConnectPACCAR Connect lets fleets monitor trucks, install software remotely and spot repairs early. Roughly half a million vehicles carried it by FY2025-end, but PACCAR does not disclose how many customers pay or how much.PACCAR Connect lets fleets monitor trucks, install software remotely and spot repairs early. Roughly half a million vehicles carried it by FY2025-end, but PACCAR does not disclose how many customers pay or how much.
In plain English
A truck can phone home before a warning light becomes a roadside breakdown. PACCAR Connect sends vehicle information to fleets and dealers, helps schedule repairs and lets software be updated without visiting a workshop.
Think of it as a shared appointment book between the truck, its owner and the service bay. Fleets pay for more time on the road; dealers receive earlier repair work; PACCAR can earn from the service and the parts that follow. The open question is how much of the large connected base becomes paying, repeat business.
Competes with Volvo Connect (Volvo Trucks) · Detroit Connect with Virtual Technician (Daimler Truck)
PACCAR's Zero Emissions TrucksBattery-powered versions of Kenworth, Peterbilt and DAF trucks are already in production. The lineup reached 13 models by FY2025-end, while high prices, driving range and access to charging keep adoption modest in core markets.Battery-powered versions of Kenworth, Peterbilt and DAF trucks are already in production. The lineup reached 13 models by FY2025-end, while high prices, driving range and access to charging keep adoption modest in core markets.
In plain English
These are familiar PACCAR work trucks with batteries and electric motors replacing the diesel engine. They suit routes that return to the same yard, where charging can happen on a schedule.
PACCAR earns when a fleet buys the truck and can also supply chargers and setup help through PACCAR Power Solutions. The trade is simple to picture: no diesel exhaust from the truck in exchange for a higher purchase price, extra battery weight and time spent charging. Battery cost, government support and available grid power decide how quickly this grows from a small base.
Competes with eCascadia and eM2 (Freightliner) · FH Aero Electric and VNR Electric (Volvo Trucks)
PACCAR PartsReplacement parts are the steadier profit engine: FY2025 revenue grew 3% to $6.87B and produced $1.67B of profit before tax, almost twice the truck business despite far less revenue.Replacement parts are the steadier profit engine: FY2025 revenue grew 3% to $6.87B and produced $1.67B of profit before tax, almost twice the truck business despite far less revenue.
In plain English
The unglamorous repeat business begins after a truck leaves the showroom. Filters wear out, brakes need replacing and damaged pieces must be swapped, whether the vehicle is new or old.
PACCAR moves its own parts and TRP parts for many truck makes through distribution centers to dealers and repair shops. Fleets keep paying because a parked truck cannot earn its keep, so availability matters as much as price. Millions of trucks already on the road turn one vehicle sale into years of smaller purchases, making this business steadier and much more profitable per sales dollar than building the truck.
Competes with Alliance Parts (Daimler Truck) · Fleetrite (International Motors) · heavy-duty parts and repair network (FleetPride)
PACCAR Financial ServicesPACCAR lends to truck buyers and dealers, leases vehicles and resells used ones. FY2025 revenue grew 5% to $2.21B, but payments more than a month late rose to 2.4%, including three large U.S. fleets.PACCAR lends to truck buyers and dealers, leases vehicles and resells used ones. FY2025 revenue grew 5% to $2.21B, but payments more than a month late rose to 2.4%, including three large U.S. fleets.
In plain English
Few fleets pay cash for rows of expensive trucks. PACCAR Financial supplies the loan or lease at the dealership, then collects monthly payments while the vehicles work.
It is the company's built-in lender: it borrows money, lends it at a higher rate and keeps the difference after credit losses and other costs. Dealers also borrow to stock new trucks, and used vehicles are sold when leases end. Profit depends on borrowing costs, customers paying on time and what an old truck will fetch when PACCAR needs to sell it.
Competes with Daimler Truck Financial Services (Daimler Truck) · Volvo Financial Services (Volvo)
PacLeasePacLease bundles a truck, maintenance and roadside help into one recurring payment. Its fleet fell from 40,800 vehicles in FY2024 to 37,000 by FY2026 Q2, so new placements are not yet replacing departures.PacLease bundles a truck, maintenance and roadside help into one recurring payment. Its fleet fell from 40,800 vehicles in FY2024 to 37,000 by FY2026 Q2, so new placements are not yet replacing departures.
In plain English
Sometimes the customer wants the truck's work, not the burden of owning it. PacLease provides Kenworth, Peterbilt and DAF vehicles for a regular payment and can include repairs, roadside help and short-term rentals.
This resembles renting an apartment with the maintenance crew included. Fleet operators get predictable costs and avoid arranging every repair; PACCAR receives recurring payments, places new trucks and feeds work to its parts network. When the agreement ends, the used truck still has to be sold, so maintenance quality, how often vehicles are working and resale prices all matter.
Competes with ChoiceLease (Ryder) · full-service leasing (Penske Truck Leasing)
Named in filings, launches and programs
- PACCAR PowertrainProduct linePACCAR's engine, automated gearbox and electric-drive family; over 2,500 engines were also sold to outside manufacturers in FY2025.
- TRPBrandReplacement parts for many makes of trucks, trailers, buses and engines, sold through stores across 49 countries.
- PACCAR Genuine PartsBrandPACCAR's own replacement parts for DAF, Kenworth and Peterbilt trucks already on the road.
- PACCAR Parts Fleet ServicesServiceGives large fleets shared pricing, online ordering and one bill across a program covering 1.76 million vehicles.
- PACCAR Parts Managed Dealer InventoryServiceAutomatically replenishes dealer shelves by forecasting which parts local customers will need.
- PACCAR Parts eCommercePlatformA round-the-clock catalog of nearly 1.8 million parts; customer orders grew 15% in FY2025.
- PACCAR Parts 365 Customer CenterServiceA central help desk for parts buyers and fleets that need support.
- DAF MultiSupportServiceTailored maintenance agreements for DAF owners; the program signed its 300,000th cumulative contract in FY2025.
- TruckTech+PlatformKenworth monitoring that spots truck and engine problems and guides vehicles toward service before a breakdown.
- PACCAR Power SolutionsService · RampingCharging equipment and setup support for fleets adopting PACCAR's electric trucks.
- Amplify Cell TechnologiesProduct · Pre-revenueA 30%-owned battery-cell venture; PACCAR contributed $201.8 million in FY2025 and may have to contribute up to $830 million.
- PACCAR autonomous vehicle platformProduct · Pre-revenueWork to fit self-driving systems from Aurora, Stack AV and Kodiak; PACCAR currently plans to keep a driver in the cab.
- PACCAR Financial Used Truck CentersServiceA 13-center resale network that sold 17,200 used PACCAR trucks in FY2025.
- Leyland TrucksBrandThe U.K. operation builds DAF models and delivered 15,100 vehicles in FY2025.
- PACCAR Engine Remanufacturing FacilityService · RampingA new Mississippi operation that rebuilds high-mileage MX engines for another working life.
PACCAR PowertrainProduct line
PACCAR's engine, automated gearbox and electric-drive family; over 2,500 engines were also sold to outside manufacturers in FY2025.
TRPBrand
Replacement parts for many makes of trucks, trailers, buses and engines, sold through stores across 49 countries.
PACCAR Genuine PartsBrand
PACCAR's own replacement parts for DAF, Kenworth and Peterbilt trucks already on the road.
PACCAR Parts Fleet ServicesService
Gives large fleets shared pricing, online ordering and one bill across a program covering 1.76 million vehicles.
PACCAR Parts Managed Dealer InventoryService
Automatically replenishes dealer shelves by forecasting which parts local customers will need.
PACCAR Parts eCommercePlatform
A round-the-clock catalog of nearly 1.8 million parts; customer orders grew 15% in FY2025.
PACCAR Parts 365 Customer CenterService
A central help desk for parts buyers and fleets that need support.
DAF MultiSupportService
Tailored maintenance agreements for DAF owners; the program signed its 300,000th cumulative contract in FY2025.
TruckTech+Platform
Kenworth monitoring that spots truck and engine problems and guides vehicles toward service before a breakdown.
PACCAR Power SolutionsService · Ramping
Charging equipment and setup support for fleets adopting PACCAR's electric trucks.
Amplify Cell TechnologiesProduct · Pre-revenue
A 30%-owned battery-cell venture; PACCAR contributed $201.8 million in FY2025 and may have to contribute up to $830 million.
PACCAR autonomous vehicle platformProduct · Pre-revenue
Work to fit self-driving systems from Aurora, Stack AV and Kodiak; PACCAR currently plans to keep a driver in the cab.
PACCAR Financial Used Truck CentersService
A 13-center resale network that sold 17,200 used PACCAR trucks in FY2025.
Leyland TrucksBrand
The U.K. operation builds DAF models and delivered 15,100 vehicles in FY2025.
PACCAR Engine Remanufacturing FacilityService · Ramping
A new Mississippi operation that rebuilds high-mileage MX engines for another working life.