Paccar vs Wabtec
Paccar is the larger business, with $28.44bn of revenue in fiscal 2025 against $11.17bn for Wabtec (2.5 times as much). Wabtec grew faster (7.5% against -15.5%). Wabtec kept more of each dollar of sales as profit: a net margin of 10.5% against 8.4%.
| Latest fiscal year | PaccarPCAR, 2025 | WabtecWAB, 2025 |
|---|---|---|
| Revenue | $28.44bn | $11.17bn |
| Revenue growth | -15.5% | 7.5% |
| Net income | $2.38bn | $1.17bn |
| Operating margin | — | — |
| Net margin | 8.4% | 10.5% |
| Return on equity | 12.9% | 11.0% |
| Free cash flow | $3.67bn | $1.50bn |
| Cash | — | $789m |
| Total debt | $0 | $5.57bn |
| Debt to equity | 0.0% | — |
| Dividend per share | $2.72 | $1.00 |
| Dividend yield | 2.7% | 0.4% |
| Share buybacks | $36.1m | $223m |
| Employees | 25,900 | 31,000 |
| Market value | $53.70bn | $49.03bn |
| Price vs our value range | — | Within our value range |
| Moat score | 68 (Moderate) | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 16 sales | 0 buys, 132 sales |