# Paccar (PCAR) Forecast Calculator

Interactive five-year financial forecast and DCF for Paccar. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/paccar/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 25599700000 | 2286300000 | 3421400000 | 2387900000 |
| 2022 | 18728500000 | 2436800000 | 1911200000 | 1301200000 |
| 2023 | 23522300000 | 1627600000 | 2666300000 | 1865500000 |
| 2024 | 28819700000 | 2502000000 | 4180900000 | 3011600000 |
| 2025 | 35127400000 | 3495000000 | 6133200000 | 4600800000 |

## Frequently asked questions

### What does PACCAR do?

PACCAR Inc is a global leader in the design, manufacture, and customer support of high-quality premium light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. The company also designs and manufactures advanced diesel and electric powertrains, provides financial services, and distributes truck parts.

### What are PACCAR's main revenue streams?

PACCAR's primary revenue streams come from its Truck segment, which involves manufacturing and distributing commercial vehicles. Significant contributions also come from its high-margin Parts segment, providing aftermarket components, and its Financial Services arm, offering financing and leasing products.

### What is PACCAR's typical capital expenditure as a percentage of revenue?

PACCAR typically allocates 2.0% to 2.5% of its revenue towards capital expenditure, amounting to approximately $700 million to $800 million annually. This investment is split, with about 40% for maintenance and 60% for growth initiatives like new truck model tooling and factory expansions.

### What is the purpose of the PACCAR financial model?

The PACCAR financial model aims to provide a sum-of-the-parts equity valuation for the company. It also includes a cyclical sensitivity analysis to determine PACCAR's fair value across various heavy-duty truck cycle scenarios.

### Can I download an Excel financial model for PACCAR?

Yes, an Excel financial model for PACCAR is available for download. This model provides a comprehensive analysis, including a sum-of-the-parts equity valuation and cyclical sensitivity analysis, with a forecast horizon from FY2026 to FY2030.

### How does PACCAR manage its working capital?

PACCAR maintains a tightly managed, typically positive net working capital profile, with Days Sales Outstanding between 25-35 days and Days Inventory Outstanding at 40-50 days. The company does not rely on negative working capital to fund its growth.