What is Paccar's R&D?

Paccar (PCAR) reported R&D of $109.1M in Q1 2026.

How has Paccar's R&D changed year-over-year?

Paccar's R&D decreased by 5.5% year-over-year, from $115.4M to $109.1M.

What is the long-term trend for Paccar's R&D?

Over 3 years (2022 to 2025), Paccar's R&D has grown at a 9.3% compound annual growth rate (CAGR), from $341.2M to $445.5M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Paccar PCAR R&D

R&D at other companies

CumminsCMI

$358M+4.1%

WabtecWAB

$56M+21.7%

Aurora Innovation, Inc.AUR

$195M+7.1%

Other financials

Income statement

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Revenue$6.8B-8.9%

Gross profit$1.4B-12.3%

Net income$605.3M+19.8%

EPS (diluted)$1.15+19.8%

Balance sheet

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Total debt$63.8M-12.7%

Total equity$19.8B+9.6%

Total assets$43.6B+1.9%

Cash flow

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Operating cash flow$971.8M+6.8%

CapEx$147.2M-10.8%

Free cash flow$824.6M+10.7%

Valuation

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Market cap$63.22B+26.3%

P/E25.5×+9.2×

P/S2.3×+0.7×

Profitability

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Gross margin19.9%-2.0pp

Net margin8.9%-1.8pp

FCF margin13.5%+3.4pp

Returns & leverage

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Return on equity13.1%-6.8pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Paccar in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Paccar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paccar's R&D?: Paccar (PCAR) reported R&D of $109.1M in Q1 2026.
How has Paccar's R&D changed year-over-year?: Paccar's R&D decreased by 5.5% year-over-year, from $115.4M to $109.1M.
What is the long-term trend for Paccar's R&D?: Over 3 years (2022 to 2025), Paccar's R&D has grown at a 9.3% compound annual growth rate (CAGR), from $341.2M to $445.5M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.