Key Stats
PACCAR Inc. is an American manufacturer of light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. The company is headquartered in Bellevue, Washington.
PACCAR designs and manufactures advanced diesel engines, provides financial services and information technology solutions, and distributes truck parts worldwide. The company ranks among the Fortune 500 and Forbes Global 2000 largest public companies.
PACCAR operates through three segments: Truck, Parts, and Financial Services. The Truck segment sells vehicles through independent dealers across North America, Europe, South America, and Australia.
PACCAR History
PACCAR Co-founders
PACCAR Competitors
PACCAR competes with major global truck manufacturers in the medium and heavy-duty commercial vehicle market. The company holds strong market share positions in North America and Europe through its Kenworth, Peterbilt, and DAF brands.
| Company | Headquarters | Primary Brands |
|---|---|---|
| Daimler Truck | Germany | Freightliner, Western Star, Mercedes-Benz |
| Volvo Group | Sweden | Volvo Trucks, Mack Trucks |
| TRATON Group | Germany | Scania, MAN, Navistar |
| Navistar International | United States | International Trucks |
| Iveco | Italy | Iveco, Astra |
| Cummins Inc. | United States | Cummins Engines |
| MAN Truck & Bus | Germany | MAN, NEOPLAN |
| FAW Jiefang | China | Jiefang |
| Dongfeng Motor | China | Dongfeng |
| Nikola Corporation | United States | Nikola |
PACCAR Revenue
PACCAR generated $33.66 billion in consolidated revenue during 2024. This represented the second-best financial year in company history. The company earned $4.16 billion in net income with an after-tax return on revenues of 12.4 percent.
PACCAR Acquisitions
PACCAR has grown through strategic acquisitions spanning nearly eight decades. The company’s expansion from railway equipment manufacturer to global truck producer came through targeted purchases of established truck brands.
In 1945, Pacific Car and Foundry acquired Kenworth Motor Truck Company of Seattle. This marked the company’s entry into the heavy-duty truck market. Kenworth had been producing trucks since 1923 and brought established expertise in commercial vehicle manufacturing.
The 1958 acquisition of Peterbilt Motors Company significantly expanded PACCAR’s truck portfolio. That same year, the company purchased Dart Truck Company to enter the mining vehicle market. Peterbilt became a division of Pacific Car by 1960.
PACCAR’s European expansion began with the 1981 acquisition of Foden Trucks in the United Kingdom. The company then made its largest acquisition in 1996, investing $543 million to purchase DAF Trucks N.V. of the Netherlands. This transaction established PACCAR as a major European manufacturer.
In 1998, PACCAR acquired Leyland Trucks in Lancashire, England. Leyland manufactures DAF trucks and strengthened the company’s European production capacity. These acquisitions positioned PACCAR as one of the world’s largest truck manufacturers.
The company has also made strategic purchases in related industries. PACCAR acquired Wagner Mining Equipment Company in 1973 and divested it in 1989. The company purchased automotive parts retailers Al’s Auto Supply and Grand Auto in 1987 but sold these operations in 1999.
PACCAR Market Cap
PACCAR has a market capitalization of approximately $67 billion as of February 2026. The company trades on the NASDAQ stock exchange under the ticker symbol PCAR and is included in the S&P 500 index.
FAQs
When was PACCAR founded?
PACCAR was founded in 1905 as Seattle Car Manufacturing Company by William Pigott Sr. The company adopted the PACCAR name in 1972.
What truck brands does PACCAR own?
PACCAR owns Kenworth, Peterbilt, and DAF truck brands. Kenworth and Peterbilt serve North American markets while DAF operates primarily in Europe.
Where is PACCAR headquarters located?
PACCAR is headquartered in Bellevue, Washington, United States. The company has manufacturing facilities in the United States, Canada, Mexico, Netherlands, Belgium, United Kingdom, Brazil, and Australia.
What is PACCAR’s annual revenue?
PACCAR reported $33.66 billion in annual revenue for 2024. This represented the second-best financial year in company history with net income of $4.16 billion.
Is PACCAR a Fortune 500 company?
Yes, PACCAR is a Fortune 500 company and ranks among the Forbes Global 2000 largest public companies. The company is listed on the NASDAQ stock exchange.
