Paccar Inc., a major heavy‑truck manufacturer and supplier, reported its fourth‑quarter 2025 financial results — with mixed performance reflecting persistent freight market softness but resilient aftermarket and finance segments.
In the quarter ended December 31, Paccar posted net income of about $556.9 million, down 36 % from the prior year, as slower freight demand weighed on truck sales and overall revenue. The company also reported Q4 revenue of approximately $6.82 billion — a year‑over‑year decline of nearly 14 % as truck deliveries softened in the weak freight cycle.
Despite the downturn in truck sales, Paccar highlighted strong contributions from other parts of its business. Its aftermarket parts division achieved record quarterly revenue, and the finance unit posted rising revenues and pretax income, underscoring the value of diversified operations in a challenging trucking market.
Company leadership pointed to signs of a potential recovery in truck orders, noting that Class 8 orders surged roughly 118 % in December compared with November, which management says could signal improving demand ahead. Paccar also expects market conditions in North America to strengthen in 2026 with clearer tariff policies and better freight fundamentals, though it remains cautious about the European truck market outlook.
For the full year, Paccar reported annual revenue of about $28.44 billion and net income of approximately $2.38 billion, with record results in parts and financial services helping mitigate weaker truck deliveries during the freight downturn.
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