TTM
9.7%
YoY change
−4.12pp
Trough year (2009)
-1.1%
Peak year (2023)
16.9%
Latest annual
10.4%
Operating Margin history chart for PACCAR (PCAR) from 1985 to 2025
Latest: 10.4%
Operating Margin change chart for PACCAR (PCAR) from 1985 to 2025
Latest: −4.12pp
Operating Margin history table for PACCAR (PCAR) from 1985 to 2025
| 2025 | 10.4% | -4.12pp | ||
| 2024 | 14.5% | -2.39pp | ||
| 2023 | 16.9% | +4.16pp | ||
| 2022 | 12.8% | +2.95pp | ||
| 2021 | 9.8% | +9.81pp | ||
| 2020 | 0.0% | -11.62pp | ||
| 2019 | 11.6% | +0.18pp | ||
| 2018 | 11.4% | +0.69pp | ||
| 2017 | 10.8% | -0.57pp | ||
| 2016 | 11.3% | -0.85pp | ||
| 2015 | 12.2% | +1.64pp | ||
| 2014 | 10.5% | +0.77pp | ||
| 2013 | 9.8% | +0.40pp | ||
| 2012 | 9.4% | +0.31pp | ||
| 2011 | 9.0% | +2.74pp | ||
| 2010 | 6.3% | +7.35pp | ||
| 2009 | -1.1% | -8.67pp | ||
| 2008 | 7.6% | -8.46pp | ||
| 2007 | 16.1% | -0.34pp | ||
| 2006 | 16.4% | +0.75pp | ||
| 2005 | 15.7% | +1.28pp | ||
| 2004 | 14.4% | +1.98pp | ||
| 2003 | 12.4% | +1.40pp | ||
| 2002 | 11.0% | +2.71pp | ||
| 2001 | 8.3% | -3.38pp | ||
| 2000 | 11.7% | -0.24pp | ||
| 1999 | 11.9% | +1.69pp | ||
| 1998 | 10.2% | +1.06pp | ||
| 1997 | 9.2% | -0.33pp | ||
| 1996 | 9.5% | -0.52pp | ||
| 1995 | 10.0% | +0.95pp | ||
| 1994 | 9.1% | +1.48pp | ||
| 1993 | 7.6% | +2.04pp | ||
| 1992 | 5.6% | +1.41pp | ||
| 1991 | 4.1% | -2.13pp | ||
| 1990 | 6.3% | -4.07pp | ||
| 1989 | 10.3% | +3.62pp | ||
| 1988 | 6.7% | +0.01pp | ||
| 1987 | 6.7% | +3.35pp | ||
| 1986 | 3.4% | -0.65pp | ||
| 1985 | 4.0% | — |
- 202510.4%-4.12pp
- 202414.5%-2.39pp
- 202316.9%+4.16pp
- 202212.8%+2.95pp
- 20219.8%+9.81pp
- 20200.0%-11.62pp
- 201911.6%+0.18pp
- 201811.4%+0.69pp
- 201710.8%-0.57pp
- 201611.3%-0.85pp
- 201512.2%+1.64pp
- 201410.5%+0.77pp
- 20139.8%+0.40pp
- 20129.4%+0.31pp
- 20119.0%+2.74pp
- 20106.3%+7.35pp
- 2009-1.1%-8.67pp
- 20087.6%-8.46pp
- 200716.1%-0.34pp
- 200616.4%+0.75pp
- 200515.7%+1.28pp
- 200414.4%+1.98pp
- 200312.4%+1.40pp
- 200211.0%+2.71pp
- 20018.3%-3.38pp
- 200011.7%-0.24pp
- 199911.9%+1.69pp
- 199810.2%+1.06pp
- 19979.2%-0.33pp
- 19969.5%-0.52pp
- 199510.0%+0.95pp
- 19949.1%+1.48pp
- 19937.6%+2.04pp
- 19925.6%+1.41pp
- 19914.1%-2.13pp
- 19906.3%-4.07pp
- 198910.3%+3.62pp
- 19886.7%+0.01pp
- 19876.7%+3.35pp
- 19863.4%-0.65pp
- 19854.0%—
Operating Margin values are taken from PACCAR's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at PACCAR (PCAR)
According to PACCAR's latest reported financial statements, the company's latest reported operating margin is 9.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, PACCAR (PCAR) reported operating margin of 10.41% – contracted 4.1 percentage points year-over-year.
The highest annual operating margin of 16.93% was reported in 2023. The lowest in the available history was -1.05% in 2009.
PACCAR Operating Margin by Year
PACCAR Operating Margin 2025: 10.4%
In 2025, PACCAR reported operating margin of 10.41%, contracted 4.1 percentage points from 2024.
PACCAR Operating Margin 2024: 14.5%
PACCAR operating margin in 2024 was 14.53%, contracted 2.4 percentage points from 2023.
PACCAR Operating Margin 2023: 16.9%
2023's operating margin for PACCAR came in at 16.93%, expanded 4.2 percentage points from 2022. This figure represents the highest annual value in the available history.
PACCAR Operating Margin 2022: 12.8%
PACCAR posted operating margin of 12.76% in 2022, expanded 3.0 percentage points from 2021.
PACCAR Operating Margin 2021: 9.8%
PACCAR operating margin in 2021 was 9.81%.
See more financial history for PACCAR (PCAR).
Sector peers by Operating Margin
Industrials peers of PACCAR (PCAR), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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PACCAR (PCAR) Key Financials
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