S&P 500 · Heavy trucks · Class 8 29.9%
Paccar
The largest U.S. truck maker, building heavy commercial trucks under the Kenworth, Peterbilt and DAF brands. Of $28.4B in 2025 revenue, Trucks contributed 68% and Parts 24%, on 144,200 vehicles delivered worldwide. Its U.S./Canada Class 8 retail share was 29.9%. PACCAR builds its own MX-13 and MX-11 diesel engines and sources the balance from Cummins, and co-develops driverless trucks (Peterbilt 579, Kenworth T680) with Aurora.
PCAR Updated Jul 12, 2026 2 AI consumers
Per the valuechain.wiki graph, Paccar is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 3 companies within two hops; the links are backed by 6 dated sources, 3 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · ~$28.4B (FY2025)
- Segments · Trucks (Kenworth·Peterbilt·DAF) · Parts (PACCAR Parts·TRP) · Financial Services
Revenue from
- 독립 딜러·화물사 (Class 8 대형트럭) High confidence· Revenue $19.4B · 2025 · Truck segment net sales (68% of revenue)
Sells Kenworth/Peterbilt/DAF heavy trucks to fleets and owner-operators via independent dealers. 2025 Truck revenue $19.37B (68% of total), 144,200 vehicles delivered, 29.9% U.S./Canada Class 8 share. - 애프터마켓 딜러·차주 (PACCAR Parts·TRP) High confidence· Revenue $6.9B · 2025 · Parts segment net sales (24%, record)
Distributes aftermarket parts via KW/PB/DAF dealers, 350+ TRP stores in 99 countries and 21 PDCs. 2025 Parts revenue $6.87B (record, 24% of rev), $1.67B pretax. - Aurora Innovation (자율주행 트럭 플랫폼) Medium confidence
Under a Jan-2021 global strategic partnership, supplies and co-develops driverless-capable Peterbilt 579 and Kenworth T680 platforms for Aurora, which launched driverless commercial operations on these trucks in April 2025 and plans 2026 scale-up. Value undisclosed.Confirms EN Heavy Duty Trucking Published Jan 15, 2026: Aurora Heads into 2026 with Big Plans on Tap
Pays to
- 원자재·부품 공급망 (강재·구리·알루미늄) High confidence· Market share ~85% · 2025 · Materials/parts ~85% of new truck cost
Raw materials and components (steel, copper, aluminum, petroleum) make up ~85% of new-truck cost. Semiconductors are sourced from various suppliers, with hedging and long-term agreements to manage variability. - Cummins (조달 디젤 엔진) High confidence
Engines PACCAR does not build itself are purchased from Cummins under long-term supply agreements. Its own MX-13/MX-11 engines are made in Columbus MS, Eindhoven NL and Ponta Grossa BR. Value undisclosed. - Eaton·ZF (트랜스미션) High confidence
Sources a significant portion of transmissions from Eaton and ZF Friedrichshafen, and North America cab stampings from Magna, all under long-term supply agreements. Value undisclosed.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Uber | lead2 | -17.8 | -41 | +149 | -2 | +35.5 | -8.8 |
| Aurora Innovation | lead1 | · | -89.3 | +261.2 | +44.2 | -39 | +66.1 |
| Paccar | node | +5.6 | +17 | +55 | +10.8 | +8 | +14.4 |
| Cummins | benef1 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +33.3 |
YTD as of 2026-07-10 · source: Yahoo Finance
Paccar's thesis is recurring, high-margin parts layered on cyclical new trucks. It is a 29.9% oligopoly maker of North American Class 8 trucks, but the real defense is not new trucks (68% of sales) that swing with freight, but the recurring, high-margin aftermarket parts (24%) that just set a record — even as truck sales fall, vehicles on the road sustain parts and service demand. In-house MX engines reduce Cummins dependence, and co-developing autonomous trucks with Aurora holds a next-cycle option. Risks are freight demand, softening Class 8 and engine sourcing. Graph propagation: Cummins (sourced engines), Eaton and ZF are upstream, and Aurora is the autonomous-driving partner.
Analysis generated from returns as of 2026-07-10