Filing Flows › Paccar (PCAR) › Q3 2025
Paccar (PCAR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Paccar (PCAR) reported revenue of $6.7B for the third quarter 2025 (Q3 2025), -19% from a year earlier and -11% from the quarter before. Operating margin was 11.1%, net earnings $590M (8.8% of revenue).
Paccar, Q3 2025: revenue $6.7B (-19% year over year), operating margin 11.1%, net earnings $590M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | -11% | -19% |
| Operating profit | $744M | -20% | -41% |
| Net earnings | $590M | -18% | -39% |
| Operating cash flow | $1.5B | +83% | +19% |
| Free cash flow | $1.4B | +123% | +25% |
What changed
Revenue was $6.7B in Q3 2025, down 19% year over year and down 11% from the previous quarter. Truck Parts and Other was the largest line at 92% of revenue. Truck Parts and Other lost $1.6B year over year (down 21%), 102% of the total change.
Operating profit was $0.74B, a 11.1% margin (down 4.1 points year over year). Total costs fell 15% while revenue fell 19%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $0.59B, down 39% year over year. The effective tax rate was 20.7%.
Operating cash flow was $1.5B (up 19% year over year), 259% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $0.84B. Capital expenditures of $0.17B left free cash flow of $1.4B.
Questions
What was Paccar's revenue in the third quarter 2025?
Paccar (PCAR) reported revenue of $6.7B for the third quarter 2025 (Q3 2025), -19% from a year earlier and -11% from the quarter before.
Was Paccar profitable in the third quarter 2025?
Operating profit was $744M (11.1% of revenue) and net earnings $590M.
Source: Paccar 10-Q on SEC EDGAR.