Filing Flows › Paccar (PCAR) › Q1 2025
Paccar (PCAR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Paccar (PCAR) reported revenue of $7.4B for the first quarter 2025 (Q1 2025), -15% from a year earlier and -6% from the quarter before. Operating margin was 8.6%, net earnings $505M (6.8% of revenue).
Paccar, Q1 2025: revenue $7.4B (-15% year over year), operating margin 8.6%, net earnings $505M, operating cash flow $910M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4B | -6% | -15% |
| Operating profit | $643M | -44% | -58% |
| Net earnings | $505M | -42% | -58% |
| Operating cash flow | $910M | -37% | -38% |
| Free cash flow | $578M | -52% | -50% |
What changed
Revenue was $7.4B in Q1 2025, down 15% year over year and down 6% from the previous quarter. Truck Parts and Other was the largest line at 93% of revenue. Truck Parts and Other lost $1.3B year over year (down 16%), 101% of the total change.
Operating profit was $0.64B, a 8.6% margin (down 8.9 points year over year). Total costs fell 6% while revenue fell 15%. The fastest-growing cost line was Other operating costs (+150%). Net earnings were $0.51B, down 58% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.91B (down 38% year over year), 180% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.29B. Capital expenditures of $0.33B left free cash flow of $0.58B.
Questions
What was Paccar's revenue in the first quarter 2025?
Paccar (PCAR) reported revenue of $7.4B for the first quarter 2025 (Q1 2025), -15% from a year earlier and -6% from the quarter before.
Was Paccar profitable in the first quarter 2025?
Operating profit was $643M (8.6% of revenue) and net earnings $505M.
Source: Paccar 10-Q on SEC EDGAR.