PACCAR Inc (PCAR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,839,800 | 34,147,400 | 27,981,700 | 22,575,800 | 17,618,100 |
| Revenue | US$ in thousands | 33,663,800 | 35,127,400 | 28,819,700 | 23,522,300 | 18,728,500 |
| Gross profit margin | 17.35% | 97.21% | 97.09% | 95.98% | 94.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,839,800K ÷ $33,663,800K
= 17.35%
The gross profit margin of PACCAR Inc has shown a positive trend over the years, starting at 94.07% in December 2020 and steadily increasing to reach 97.21% by December 2023. However, there was a significant drop to 17.35% by December 2024, indicating a sharp decline in the company's ability to generate profits from its sales after maintaining a strong performance for the previous years. This sudden decrease in the gross profit margin may require further investigation to understand the factors contributing to this decline and to assess the company's profitability going forward.
Peer comparison
Dec 31, 2024