Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
PCARPaccar Inc
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Paccar made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Paccar filed it, with what each one means in plain English.
As filed with the SEC on Feb 18, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs, and money set aside for bad loans: $89
- income tax: $2
- kept as profit: $8.4
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $28.4B▼ 16% | $33.7B | $35.1B | |
| $22.7B▼ 13% | $26.1B | $26.9B | |
| $445.5M▼ 1.6% | $452.9M | $410.9M | |
| $783.0M▲ 10% | $710.8M | $500.6M | |
| $657.6M▼ 8.5% | $718.5M | $590.7M | |
| $735.8M▼ 1.1% | $744.0M | $753.3M | |
| $124.5M▲ 65% | $75.6M | $31.3M | |
| $284.3M | −$113.8M | $520.4M | |
| $2.7B▼ 47% | $5.0B | $5.4B | |
| $346.1M▼ 12% | $394.7M | $292.2M | |
| $3.0B▼ 44% | $5.4B | $5.7B | |
| $647.7M▼ 48% | $1.2B | $1.1B | |
| $2.4B▼ 43% | $4.2B | $4.6B | |
| Net Income Per Share | |||
| $4.52▼ 43% | $7.92 | $8.78 | |
| $4.51▼ 43% | $7.90 | $8.76 | |
| Weighted Average Number of Common Shares Outstanding | |||
| 525.9M shares▲ 0.1% | 525.3M shares | 523.9M shares | |
| 526.8M shares | 526.6M shares | 525.0M shares | |
Split by Truck, Parts and Other, Financial Services
| Truck, Parts and Other | |||
|---|---|---|---|
| Sales (Revenues) | $26.2B | $31.6B | $33.3B |
| Cost of making what it sold (Cost of sales and revenues) | $22.7B | $26.1B | $26.9B |
| Research and development (Research and development) | $445.5M | $452.9M | $410.9M |
| Selling and running costs (SG&A) (Selling, general and administrative) | $576.6M | $585.0M | $604.3M |
| Other income and costs (Interest and other expenses (income), net) | $284.3M | −$113.8M | $520.4M |
| Total costs (Costs and Expenses, Total) | $24.0B | $27.0B | $28.4B |
| Income tax (Income before income taxes) | $2.2B | $4.6B | $4.9B |
| Profit before tax (Total Income Before Income Taxes) | $2.2B | $4.6B | $4.9B |
| Financial Services | |||
| Fees (Interest and fees) | $1.4B | $1.3B | $1.0B |
| Sales (Operating lease, rental and other revenues) | $781.0M | $803.6M | $802.6M |
| Sales (Revenues) | $2.2B | $2.1B | $1.8B |
| Debt (Interest and other borrowing expenses) | $783.0M | $710.8M | $500.6M |
| Wear and tear (depreciation and amortization) (Depreciation and other expenses) | $657.6M | $718.5M | $590.7M |
| Selling and running costs (SG&A) (Selling, general and administrative) | $159.2M | $159.0M | $149.0M |
| Set aside for loans that may not be repaid (Provision for losses on receivables) | $124.5M | $75.6M | $31.3M |
| Total costs (Costs and Expenses, Total) | $1.7B | $1.7B | $1.3B |
| Income tax (Income before income taxes) | $485.4M | $435.6M | $540.3M |
| Profit before tax (Total Income Before Income Taxes) | $485.4M | $435.6M | $540.3M |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| $2.4B | $4.2B | $4.6B | |
| Unrealized (losses) gains on derivative contracts | |||
| −$214.7M | $261.1M | −$174.9M | |
| $45.9M | −$56.9M | $37.0M | |
| $175.6M | −$200.2M | $111.8M | |
| −$35.9M | $39.5M | −$20.0M | |
| −$29.1M | $43.5M | −$46.1M | |
| Unrealized gains on marketable debt securities | |||
| $25.5M | $20.6M | $43.2M | |
| −$6.3M | −$5.1M | −$10.8M | |
| $1.0M | −$3.0M | −$3.6M | |
| −$300.0K | $700.0K | $900.0K | |
| $19.9M | $13.2M | $29.7M | |
| Pension plans | |||
| $272.7M | $230.3M | −$5.8M | |
| −$65.4M | −$57.2M | $1.8M | |
| $5.3M | $8.6M | $6.1M | |
| −$1.4M | −$1.7M | −$1.5M | |
| $211.2M | $180.0M | $600.0K | |
| $574.6M | −$656.1M | $275.3M | |
| $776.6M | −$419.4M | $259.5M | |
| $3.2B | $3.7B | $4.9B | |