Filing Flows › Paccar (PCAR) › Q2 2025
Paccar (PCAR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Paccar (PCAR) reported revenue of $7.5B for the second quarter 2025 (Q2 2025), -14% from a year earlier and +0.9% from the quarter before. Operating margin was 12.4%, net earnings $724M (9.6% of revenue).
Paccar, Q2 2025: revenue $7.5B (-14% year over year), operating margin 12.4%, net earnings $724M, operating cash flow $833M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | +0.9% | -14% |
| Operating profit | $932M | +45% | -36% |
| Net earnings | $724M | +43% | -36% |
| Operating cash flow | $833M | -8% | +89% |
| Free cash flow | $611M | +6% | +178% |
What changed
Revenue was $7.5B in Q2 2025, down 14% year over year and up 1% 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%), 103% of the total change.
Operating profit was $0.93B, a 12.4% margin (down 4.2 points year over year). Total costs fell 10% while revenue fell 14%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $0.72B, down 36% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.83B (up 89% year over year), 115% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $3.9M of share-based compensation. Capital expenditures of $0.22B left free cash flow of $0.61B.
Questions
What was Paccar's revenue in the second quarter 2025?
Paccar (PCAR) reported revenue of $7.5B for the second quarter 2025 (Q2 2025), -14% from a year earlier and +0.9% from the quarter before.
Was Paccar profitable in the second quarter 2025?
Operating profit was $932M (12.4% of revenue) and net earnings $724M.
Source: Paccar 10-Q on SEC EDGAR.