Company
PACCAR Inc
Headquarters: Bellevue, WA, United States
Founded: 1905
Employees: 28,500
CEO: Mr. R. Preston Feight
Market Cap
$49.66 Billion
USD as of Jan. 1, 2024
Company Description
Paccar Inc is a manufacturer of light-, medium- and heavy-duty trucks. Tracing its origins to 1905, Paccar is now one of the largest producers of trucks in the world, which also designs, manufactures, and distributes diesel engines and truck parts, and provides related financial services, and information technology.
Top Competitors by Market Capitalization
Industry: Farm & Heavy Construction Machinery
| Company | Market Cap (USD) |
|---|---|
| Caterpillar | $145.65 B |
| John Deere | $110.24 B |
| AB Volvo | $50.15 B |
| Daimler Truck | $30.56 B |
| Komatsu Ltd | $25.63 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Boeing | $148.18 B |
| Union Pacific | $147.34 B |
| Caterpillar | $145.65 B |
| Siemens | $138.51 B |
| General Electric | $135.68 B |
Detailed Description
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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 consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.
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Stocks & Indices
PACCAR Inc has the following listings and related stock indices.
Stock: NASDAQ: PCAR wb_incandescent
Stock: FSX: PAE wb_incandescent
Product & Services
Commercial vehicles Aftermarket auto parts Industrial winches, Vehicle financing & leasing
Key People
Founder(s): William Pigott
Mark C. Pigott (Executive Chairman) Ronald E. Armstrong (CEO)
Financials
Revenue: $17.03 billion USD (2016)
Operating income: US$2.72 billion (2019)
Net income: $521.7 million USD (2016)
Total assets: US$28.36 billion (2019)
Total equity: US$ 6.8 billion (2016)