PACCAR Inc (PCAR) - Net Assets
Based on the latest financial reports, PACCAR Inc (PCAR) has net assets worth $19.26 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($44.34 Billion) and total liabilities ($25.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PCAR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.26 Billion |
| % of Total Assets | 43.45% |
| Annual Growth Rate | 8.58% |
| 5-Year Change | 66.15% |
| 10-Year Change | 184.23% |
| Growth Volatility | 6.75 |
PACCAR Inc - Net Assets Trend (1985–2025)
This chart illustrates how PACCAR Inc's net assets have evolved over time, based on quarterly financial data. Also explore PCAR total assets for the complete picture of this company's asset base.
Annual Net Assets for PACCAR Inc (1985–2025)
The table below shows the annual net assets of PACCAR Inc from 1985 to 2025. For live valuation and market cap data, see PACCAR Inc (PCAR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $19.26 Billion | +10.04% |
| 2024-12-31 | $17.51 Billion | +10.25% |
| 2023-12-31 | $15.88 Billion | +20.59% |
| 2022-12-31 | $13.17 Billion | +13.57% |
| 2021-12-31 | $11.59 Billion | +11.59% |
| 2020-12-31 | $10.39 Billion | +7.05% |
| 2019-12-31 | $9.71 Billion | +12.95% |
| 2018-12-31 | $8.59 Billion | +6.74% |
| 2017-12-31 | $8.05 Billion | +18.78% |
| 2016-12-31 | $6.78 Billion | -2.35% |
| 2015-12-31 | $6.94 Billion | +2.77% |
| 2014-12-31 | $6.75 Billion | +1.79% |
| 2013-12-31 | $6.63 Billion | +13.47% |
| 2012-12-31 | $5.85 Billion | +8.99% |
| 2011-12-31 | $5.36 Billion | +0.12% |
| 2010-12-31 | $5.36 Billion | +4.98% |
| 2009-12-31 | $5.10 Billion | +5.30% |
| 2008-12-31 | $4.85 Billion | -4.88% |
| 2007-12-31 | $5.10 Billion | +14.34% |
| 2006-12-31 | $4.46 Billion | +14.23% |
| 2005-12-31 | $3.90 Billion | +3.69% |
| 2004-12-31 | $3.76 Billion | +15.89% |
| 2003-12-31 | $3.25 Billion | +24.83% |
| 2002-12-31 | $2.60 Billion | +15.45% |
| 2001-12-31 | $2.25 Billion | +0.16% |
| 2000-12-31 | $2.25 Billion | +6.56% |
| 1999-12-31 | $2.11 Billion | +19.63% |
| 1998-12-31 | $1.76 Billion | +17.79% |
| 1997-12-31 | $1.50 Billion | +10.29% |
| 1996-12-31 | $1.36 Billion | +8.54% |
| 1995-12-31 | $1.25 Billion | +3.63% |
| 1994-12-31 | $1.21 Billion | +9.02% |
| 1993-12-31 | $1.11 Billion | +6.65% |
| 1992-12-31 | $1.04 Billion | +0.59% |
| 1991-12-31 | $1.03 Billion | +1.29% |
| 1990-12-31 | $1.02 Billion | +1.18% |
| 1989-12-31 | $1.01 Billion | +11.40% |
| 1988-12-31 | $904.20 Million | +12.84% |
| 1987-12-31 | $801.30 Million | +10.22% |
| 1986-12-31 | $727.00 Million | +1.74% |
| 1985-12-31 | $714.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PACCAR Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $19.26 Billion | 100.00% |
| Total Equity | $19.26 Billion | 100.00% |
PACCAR Inc Competitors by Market Cap
The table below lists competitors of PACCAR Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TE Connectivity Ltd
NYSE:TEL
|
$61.02 Billion |
|
Imperial Oil Ltd
TO:IMO
|
$61.08 Billion |
|
Marathon Petroleum Corp
NYSE:MPC
|
$61.10 Billion |
|
Natwest Group PLC
NYSE:NWG
|
$61.48 Billion |
|
Vingroup JSC
VN:VIC
|
$60.97 Billion |
|
United Rentals Inc
NYSE:URI
|
$60.40 Billion |
|
Vale S.A
F:CVLB
|
$60.20 Billion |
|
Ping An Insurance (Group) Company of China Ltd
F:PZX
|
$60.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PACCAR Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,506,900,000 to 19,264,000,000, a change of 1,757,100,000 (10.0%).
- Net income of 2,375,800,000 contributed positively to equity growth.
- Dividend payments of 2,267,100,000 reduced retained earnings.
- Share repurchases of 36,100,000 reduced equity.
- Other comprehensive income increased equity by 1,113,300,000.
- Other factors increased equity by 571,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.38 Billion | +12.33% |
| Dividends Paid | $2.27 Billion | -11.77% |
| Share Repurchases | $36.10 Million | -0.19% |
| Other Comprehensive Income | $1.11 Billion | +5.78% |
| Other Changes | $571.20 Million | +2.97% |
| Total Change | $- | 10.04% |
Book Value vs Market Value Analysis
This analysis compares PACCAR Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 101.98x to 3.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.14 | $116.08 | x |
| 1986-12-31 | $1.17 | $116.08 | x |
| 1987-12-31 | $1.28 | $116.08 | x |
| 1988-12-31 | $1.45 | $116.08 | x |
| 1989-12-31 | $1.65 | $116.08 | x |
| 1990-12-31 | $1.69 | $116.08 | x |
| 1991-12-31 | $1.75 | $116.08 | x |
| 1992-12-31 | $1.77 | $116.08 | x |
| 1993-12-31 | $1.88 | $116.08 | x |
| 1994-12-31 | $1.99 | $116.08 | x |
| 1995-12-31 | $2.12 | $116.08 | x |
| 1996-12-31 | $2.31 | $116.08 | x |
| 1997-12-31 | $2.53 | $116.08 | x |
| 1998-12-31 | $2.95 | $116.08 | x |
| 1999-12-31 | $3.53 | $116.08 | x |
| 2000-12-31 | $3.84 | $116.08 | x |
| 2001-12-31 | $3.86 | $116.08 | x |
| 2002-12-31 | $4.41 | $116.08 | x |
| 2003-12-31 | $5.46 | $116.08 | x |
| 2004-12-31 | $6.34 | $116.08 | x |
| 2005-12-31 | $6.69 | $116.08 | x |
| 2006-12-31 | $7.88 | $116.08 | x |
| 2007-12-31 | $8.95 | $116.08 | x |
| 2008-12-31 | $8.83 | $116.08 | x |
| 2009-12-31 | $9.32 | $116.08 | x |
| 2010-12-31 | $9.75 | $116.08 | x |
| 2011-12-31 | $9.81 | $116.08 | x |
| 2012-12-31 | $10.96 | $116.08 | x |
| 2013-12-31 | $12.45 | $116.08 | x |
| 2014-12-31 | $12.64 | $116.08 | x |
| 2015-12-31 | $13.01 | $116.08 | x |
| 2016-12-31 | $12.84 | $116.08 | x |
| 2017-12-31 | $15.21 | $116.08 | x |
| 2018-12-31 | $16.28 | $116.08 | x |
| 2019-12-31 | $18.62 | $116.08 | x |
| 2020-12-31 | $19.99 | $116.08 | x |
| 2021-12-31 | $22.19 | $116.08 | x |
| 2022-12-31 | $25.16 | $116.08 | x |
| 2023-12-31 | $30.25 | $116.08 | x |
| 2024-12-31 | $33.25 | $116.08 | x |
| 2025-12-31 | $36.57 | $116.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PACCAR Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.35%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.30x
- Recent ROE (12.33%) is below the historical average (17.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.20% | 3.85% | 1.79x | 1.48x | $1.44 Million |
| 1986 | 7.47% | 3.02% | 1.66x | 1.48x | $-18.40 Million |
| 1987 | 14.04% | 4.60% | 1.88x | 1.62x | $32.37 Million |
| 1988 | 19.44% | 5.65% | 1.10x | 3.13x | $85.38 Million |
| 1989 | 24.01% | 6.87% | 1.15x | 3.04x | $141.17 Million |
| 1990 | 6.25% | 2.29% | 0.96x | 2.85x | $-38.22 Million |
| 1991 | 3.85% | 1.70% | 0.85x | 2.65x | $-63.53 Million |
| 1992 | 6.28% | 2.38% | 0.97x | 2.71x | $-38.64 Million |
| 1993 | 12.84% | 4.02% | 1.08x | 2.97x | $31.45 Million |
| 1994 | 17.41% | 4.55% | 1.14x | 3.34x | $87.05 Million |
| 1995 | 20.20% | 5.23% | 1.10x | 3.51x | $127.68 Million |
| 1996 | 14.80% | 4.37% | 0.87x | 3.90x | $65.20 Million |
| 1997 | 23.01% | 5.09% | 1.21x | 3.74x | $194.82 Million |
| 1998 | 23.63% | 5.28% | 1.16x | 3.85x | $240.38 Million |
| 1999 | 27.65% | 6.47% | 1.14x | 3.76x | $372.54 Million |
| 2000 | 19.64% | 5.58% | 0.96x | 3.68x | $216.89 Million |
| 2001 | 7.71% | 2.85% | 0.77x | 3.51x | $-51.66 Million |
| 2002 | 14.30% | 5.15% | 0.83x | 3.35x | $111.93 Million |
| 2003 | 16.22% | 6.42% | 0.82x | 3.06x | $201.86 Million |
| 2004 | 24.10% | 7.96% | 0.93x | 3.25x | $530.56 Million |
| 2005 | 29.05% | 8.06% | 1.02x | 3.52x | $743.09 Million |
| 2006 | 33.57% | 9.09% | 1.02x | 3.61x | $1.05 Billion |
| 2007 | 24.48% | 8.06% | 0.88x | 3.45x | $725.99 Million |
| 2008 | 21.00% | 7.12% | 0.88x | 3.35x | $533.23 Million |
| 2009 | 2.19% | 1.48% | 0.52x | 2.85x | $-398.47 Million |
| 2010 | 8.54% | 4.45% | 0.72x | 2.66x | $-78.18 Million |
| 2011 | 19.43% | 6.37% | 0.95x | 3.20x | $505.86 Million |
| 2012 | 19.01% | 6.52% | 0.92x | 3.19x | $526.91 Million |
| 2013 | 17.66% | 6.84% | 0.83x | 3.12x | $507.87 Million |
| 2014 | 20.12% | 7.15% | 0.92x | 3.05x | $683.48 Million |
| 2015 | 23.11% | 8.39% | 0.91x | 3.04x | $909.96 Million |
| 2016 | 7.70% | 3.06% | 0.83x | 3.05x | $-156.06 Million |
| 2017 | 20.81% | 8.61% | 0.83x | 2.91x | $870.15 Million |
| 2018 | 25.55% | 9.34% | 0.92x | 2.97x | $1.34 Billion |
| 2019 | 24.60% | 9.33% | 0.90x | 2.92x | $1.42 Billion |
| 2020 | 12.49% | 6.95% | 0.66x | 2.71x | $259.69 Million |
| 2021 | 16.09% | 7.93% | 0.80x | 2.55x | $706.10 Million |
| 2022 | 22.87% | 10.45% | 0.87x | 2.53x | $1.69 Billion |
| 2023 | 28.97% | 13.10% | 0.86x | 2.57x | $3.01 Billion |
| 2024 | 23.77% | 12.36% | 0.78x | 2.48x | $2.41 Billion |
| 2025 | 12.33% | 8.35% | 0.64x | 2.30x | $449.40 Million |
Industry Comparison
This section compares PACCAR Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $1,804,832,642
- Average return on equity (ROE) among peers: 8.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PACCAR Inc (PCAR) | $19.26 Billion | 10.20% | 1.30x | $60.99 Billion |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $814.95 Million | 1.20% | 1.46x | $833.98 Million |
| AGCO Corporation (AGCO) | $991.60 Million | 17.01% | 1.64x | $8.84 Billion |
| Agrify Corp (AGFY) | $-14.71 Million | 0.00% | 0.00x | $89.44 Million |
| Alamo Group Inc (ALG) | $163.48 Million | 6.91% | 0.51x | $2.08 Billion |
| Arts-Way Manufacturing Co Inc (ARTW) | $6.20 Million | 20.97% | 1.15x | $12.01 Million |
| Astec Industries Inc (ASTE) | $654.80 Million | 2.41% | 0.39x | $1.35 Billion |
| Blue Bird Corp (BLBD) | $40.00 Million | 59.53% | 9.44x | $2.16 Billion |
| CEA Industries Inc. (BNC) | $-883.75K | 0.00% | 0.00x | $114.12 Million |
| Caterpillar Inc (CAT) | $15.38 Billion | 19.50% | 4.09x | $362.70 Billion |
| CEA Industries Inc (CEAD) | $14.90 Million | -40.10% | 0.41x | $6.66 Million |
About PACCAR Inc
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consum… Read more