Paccar (PCAR) Operating Margin (2009 - 2026)
Paccar (PCAR) posted quarterly Operating Margin of 61.85% for Q2 2026, up 103.0% year-over-year from 30.47% in Q2 2025, and up 2.38% quarter-over-quarter from 63.36% in Q1 2026.
Paccar (PCAR) Operating Margin (2009 - 2026) Analysis & Trends
Paccar (PCAR) has reported Operating Margin for 18 consecutive years, with 61.85% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 103.0% year-over-year to 61.85%; the TTM figure through Jun 2026 stood at 63.45% (down 168.0% YoY), while the FY2025 annual figure was 64.46%, down 683.0% from the prior year.
- Operating Margin advanced to 61.85% in Q2 2026 per PCAR's latest filing, from 63.36% in the prior quarter.
- Across five years, Operating Margin topped out at 223.43% in Q4 2022 and bottomed at 66.32% in Q1 2022.
- Historically, Operating Margin has averaged 45.33% across 5 years, with a median of 62.37% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 29305 bps — and 2023, when it plunged 27862 bps.
- Paccar's Operating Margin stood at 223.43% in 2022, then tumbled by 125 bps to 55.19% in 2023, then fell by 8 bps to 59.58% in 2024, then retreated by 9 bps to 65.0% in 2025, then advanced by 5 bps to 61.85% in 2026.
- Business Quant data shows PCAR's Operating Margin at 61.85% in Q2 2026, 63.36% in Q1 2026, and 65.0% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 389.08 Bn | 382.37 Bn | 7.76 Bn | 20.91% |
| 2 | Deere | 166.87 Bn | 158.96 Bn | 13.06 Bn | 1.88% |
| 3 | Paccar | 69.69 Bn | 61.02 Bn | 1.56 Bn | -61.85% |
| 4 | CNH Industrial | 13.25 Bn | 11.38 Bn | 1.41 Bn | 13.66% |
| 5 | Oshkosh | 9.73 Bn | 9.33 Bn | 480.30 Mn | 8.34% |
| 6 | Terex | 7.71 Bn | 7.30 Bn | 444.00 Mn | 8.36% |
| 7 | Agco | 7.21 Bn | 6.64 Bn | 645.90 Mn | 5.39% |
| 8 | Blue Bird | 2.28 Bn | 2.16 Bn | 103.37 Mn | 12.12% |
| 9 | Alamo | 2.06 Bn | 1.86 Bn | 110.86 Mn | 10.15% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 11.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -61.85% |
| Mar 31, 2026 | -63.36% |
| Dec 31, 2025 | -65.00% |
| Sep 30, 2025 | -63.75% |
| Jun 30, 2025 | -62.88% |
| Mar 31, 2025 | -66.18% |
| Dec 31, 2024 | -59.58% |
| Sep 30, 2024 | -58.87% |
| Jun 30, 2024 | -57.10% |
| Mar 31, 2024 | -55.23% |
| Dec 31, 2023 | -55.19% |
| Sep 30, 2023 | -55.05% |
| Jun 30, 2023 | -56.87% |
| Mar 31, 2023 | -63.12% |
| Dec 31, 2022 | 223.43% |
| Sep 30, 2022 | -63.82% |
| Jun 30, 2022 | -65.18% |
| Mar 31, 2022 | -66.32% |
| Dec 31, 2021 | -69.62% |
| Sep 30, 2021 | -66.09% |