(OSK) Oshkosh - Overview
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: NYSE (USA) | Market Cap: 8.013m USD | Total Return: 30.1% in 12m
Avg Turnover: 122M
EPS Trend: 48.3%
Qual. Beats: 0
Rev. Trend: 76.7%
Qual. Beats: 0
Warnings
Share dilution 632.8% YoY
Tailwinds
No distinct edge detected
Oshkosh Corporation (NYSE: OSK) is an industrial manufacturer specializing in purpose-built vehicles and equipment across three primary segments: Access, Vocational, and Transport. The company designs and produces aerial work platforms, telehandlers, defense tactical vehicles, firefighting apparatus, and refuse collection equipment. Its business model relies on a diverse distribution network of direct sales, dealers, and third-party distributors to serve construction, emergency response, and military sectors.
The company operates within the Construction Machinery & Heavy Transportation Equipment sub-industry, a sector characterized by high capital intensity and cyclical demand tied to infrastructure spending and government defense budgets. Oshkosh’s Vocational segment focuses on mission-critical equipment, providing a degree of insulation from broader economic volatility compared to purely commercial vehicle manufacturers. For a deeper look at these industry dynamics and valuation metrics, consider exploring the data on ValueRay.
Founded in 1915 and headquartered in Wisconsin, Oshkosh has expanded its portfolio to include specialized services such as fleet financing, equipment leasing, and integrated technology for airport ground support. This lifecycle-support approach allows the company to generate recurring revenue through parts sales and maintenance services alongside its primary manufacturing operations.
- USPS Next Generation Delivery Vehicle contract execution drives long-term revenue growth
- Department of Defense spending cycles determine Transport segment contract stability
- Residential and commercial construction activity influences Access segment equipment demand
- Raw material cost fluctuations and supply chain efficiency impact manufacturing margins
- Municipal budget allocations dictate fire apparatus and vocational vehicle sales volume
| Net Income: 577.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 5.55 > 1.0 |
| NWC/Revenue: 19.00% < 20% (prev 20.03%; Δ -1.03% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.02b > Net Income 577.9m |
| Net Debt (896.5m) to EBITDA (1.10b): 0.82 < 3 |
| Current Ratio: 1.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (476.9m) vs 12m ago 632.8% < -2% |
| Gross Margin: 16.46% > 18% (prev 0.18%; Δ 1.63k% > 0.5%) |
| Asset Turnover: 105.7% > 50% (prev 107.6%; Δ -1.82% > 0%) |
| Interest Coverage Ratio: 7.20 > 6 (EBITDA TTM 1.10b / Interest Expense TTM 120.4m) |
| A: 0.20 (Total Current Assets 5.11b - Total Current Liabilities 3.13b) / Total Assets 9.96b |
| B: 0.49 (Retained Earnings 4.89b / Total Assets 9.96b) |
| C: 0.09 (EBIT TTM 866.5m / Avg Total Assets 9.86b) |
| D: 0.89 (Book Value of Equity 4.89b / Total Liabilities 5.49b) |
| Altman-Z'' = 4.43 = AA |
| DSRI: 1.12 (Receivables 2.25b/2.03b, Revenue 10.4b/10.5b) |
| GMI: 1.10 (GM 16.46% / 18.09%) |
| AQI: 0.96 (AQ_t 0.36 / AQ_t-1 0.38) |
| SGI: 0.99 (Revenue 10.4b / 10.5b) |
| TATA: -0.04 (NI 577.9m - CFO 1.02b) / TA 9.96b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of May 27, 2026, the stock is trading at USD 129.42 with a total of 326,943 shares traded.
Over the past week, the price has changed by +6.59%,
over one month by -13.75%,
over three months by -24.43% and
over the past year by +30.06%.
Oshkosh has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy OSK.
- StrongBuy: 8
- Buy: 1
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 164.8 | 27.3% |
P/E Trailing = 14.3107
P/E Forward = 11.2867
P/S = 0.7684
P/B = 1.7941
P/EG = 6.5124
Revenue TTM = 10.4b USD
EBIT TTM = 866.5m USD
EBITDA TTM = 1.10b USD
Long Term Debt = 600.6m USD (from longTermDebt, last quarter)
Short Term Debt = 546.2m USD (from shortTermDebt, last quarter)
Debt = 1.15b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 896.5m USD (calculated: Debt 1.15b - CCE 250.3m)
Enterprise Value = 8.91b USD (8.01b + Debt 1.15b - CCE 250.3m)
Interest Coverage Ratio = 7.20 (Ebit TTM 866.5m / Interest Expense TTM 120.4m)
EV/FCF = 10.50x (Enterprise Value 8.91b / FCF TTM 848.5m)
FCF Yield = 9.52% (FCF TTM 848.5m / Enterprise Value 8.91b)
FCF Margin = 8.14% (FCF TTM 848.5m / Revenue TTM 10.4b)
Net Margin = 5.54% (Net Income TTM 577.9m / Revenue TTM 10.4b)
Gross Margin = 16.46% ((Revenue TTM 10.4b - Cost of Revenue TTM 8.71b) / Revenue TTM)
Gross Margin QoQ = 12.84% (prev 15.77%)
Tobins Q-Ratio = 0.89 (Enterprise Value 8.91b / Total Assets 9.96b)
Interest Expense / Debt = 10.50% (Interest Expense 120.4m / Debt 1.15b)
Taxrate = 19.59% (10.5m / 53.6m)
NOPAT = 696.8m (EBIT 866.5m * (1 - 19.59%))
Current Ratio = 1.63 (Total Current Assets 5.11b / Total Current Liabilities 3.13b)
Debt / Equity = 0.26 (Debt 1.15b / totalStockholderEquity, last quarter 4.47b)
Debt / EBITDA = 0.82 (Net Debt 896.5m / EBITDA 1.10b)
Debt / FCF = 1.06 (Net Debt 896.5m / FCF TTM 848.5m)
Total Stockholder Equity = 4.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.86% (Net Income 577.9m / Total Assets 9.96b)
RoE = 12.85% (Net Income TTM 577.9m / Total Stockholder Equity 4.50b)
RoCE = 17.00% (EBIT 866.5m / Capital Employed (Equity 4.50b + L.T.Debt 600.6m))
RoIC = 9.56% (NOPAT 696.8m / Invested Capital 7.29b)
WACC = 9.40% (E(8.01b)/V(9.16b) * Re(9.54%) + D(1.15b)/V(9.16b) * Rd(10.50%) * (1-Tc(0.20)))
Discount Rate = 9.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.47 | Cagr: 140.8%
[DCF] Terminal Value 74.64% ; FCFF base≈625.0m ; Y1≈716.5m ; Y5≈1.05b
[DCF] Fair Price = 200.3 (EV 13.4b - Net Debt 896.5m = Equity 12.5b / Shares 62.4m; r=9.40% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 48.33 | EPS CAGR: 8.60% | SUE: -0.70 | # QB: 0
Revenue Correlation: 76.73 | Revenue CAGR: 4.81% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.66 | Chg30d=-17.79% | Revisions=-79% | Analysts=15
EPS next Quarter (2026-09-30): EPS=3.73 | Chg30d=+4.59% | Revisions=+58% | Analysts=15
EPS current Year (2026-12-31): EPS=10.98 | Chg30d=-2.04% | Revisions=-67% | GrowthEPS=+1.8% | GrowthRev=+5.3%
EPS next Year (2027-12-31): EPS=14.05 | Chg30d=-1.35% | Revisions=-47% | GrowthEPS=+27.9% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: -79%