Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $18,729 | $23,522 | $28,820 | $35,127 | $33,664 |
| Gross Profit | N/A | N/A | $5,529 | $8,233 | $7,594 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1,298 | $1,852 | $3,012 | $4,601 | $4,162 |
Over the five-year period, PACCAR Inc. demonstrated a generally upward trajectory in its revenue and net income. From 2020 to 2023, revenue increased from USD 18,728.5 million to USD 35,127.4 million, marking a compound growth rate that signals strong market positioning. Notably, the jump from USD 18,728.5 million in 2020 to USD 23,522.3 million in 2021 represents an approximate 25.6% increase, while revenue continued to grow robustly in 2022 and reached its peak in 2023 before a slight decline in 2024. Net income followed a similar upward trend—increasing from USD 1,298.4 million in 2020 to USD 4,600.8 million in 2023—before dipping to USD 4,162 million in 2024. These trends reflect PACCAR’s ability to convert revenue growth into increased profitability, despite potential market volatilities. Gross profit data, available starting in 2022, indicates a healthy margin expansion, as it rose from USD 5,528.7 million in 2022 to USD 8,233.2 million in 2023 before settling at USD 7,594.2 million in 2024. The absence of reported operating income suggests that either these figures were not separately disclosed or that the focus remained on top-line and bottom-line performance. The marginal declines in revenue and net income in 2024, by about 4.2% and 9.6% respectively from 2023, could suggest market adjustments, competitive pressures, or operational transitions. Overall, PACCAR Inc. appears financially healthy, sustaining revenue and profitability growth over the majority of the period, with its performance in 2024 calling for careful monitoring as it adapts to evolving market conditions in the commercial vehicle industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.