Paccar vs Wabtec
Paccar reported revenue of $28.4 billion in fiscal 2025, 2.5 times Wabtec's $11.2 billion in fiscal 2025. Paccar's revenue fell 15.5% in its latest year, and Wabtec's grew 7.5%. Free cash flow was $3.7 billion at Paccar and $1.5 billion at Wabtec.
Side by side
| Paccar | Wabtec | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $28.4B | $11.2B |
| Revenue growth | −15.5% | 7.5% |
| Revenue growth a year, last 5 years | 8.7% | 8.1% |
| Gross margin | 20.1% | 34.1% |
| Operating margin | — | 16.1% |
| Net margin | 8.3% | 10.5% |
| Free cash flow | $3.7B | $1.5B |
| Free cash flow margin | 12.9% | 13.4% |
| Return on capital | — | 9.1% |
| Net debt to EBITDA | — | 2.1x |
| Dividends and buybacks | $2.3B | $396M |
| Change in diluted share count | 0.0% | −2.1% |
| Last close | $104.37 | $277.67 |
| P/E at the last close | 21.9× | 34.5× |
| Insider trades, last 12 months | sold $29.0 million | sold $43.5 million |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PaccarWabtec
Operating margin
Percent of revenue
PaccarWabtec
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PaccarWabtec