Tearsheet

Oshkosh (OSK)


Market Price (3/28/2026): $140.29 | Market Cap: $8.9 Bil
Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

Oshkosh (OSK)


Market Price (3/28/2026): $140.29
Market Cap: $8.9 Bil
Sector: Industrials
Industry: Construction Machinery & Heavy Transportation Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 6.4%
Weak multi-year price returns
2Y Excs Rtn is -0.6%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.9%
1 Low stock price volatility
Vol 12M is 39%
  Key risks
OSK key risks include [1] the cyclicality of its Access Equipment segment and [2] a significant reliance on U.S. Show more.
2 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Sustainable Infrastructure. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8%, FCF Yield is 6.4%
1 Low stock price volatility
Vol 12M is 39%
2 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Sustainable Infrastructure. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -0.6%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.9%
5 Key risks
OSK key risks include [1] the cyclicality of its Access Equipment segment and [2] a significant reliance on U.S. Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Oshkosh (OSK) stock has gained about 10% since 11/30/2025 because of the following key factors:

1. Optimistic 2026 Outlook and Strong Vocational Segment Performance.

Oshkosh provided an optimistic outlook for 2026, projecting consolidated revenue of approximately $11.0 billion, which represents mid-single-digit growth. This guidance, despite a mixed performance in Q4 2025 with an earnings per share (EPS) miss but a revenue beat, indicated an expected adjusted EPS of $11.50, an improvement over the full-year 2025 adjusted EPS of $10.79. The Vocational segment significantly contributed to this positive sentiment, reporting a 26.5% jump in operating income in Q4 2025 due to improved pricing and boasting a robust backlog exceeding $6.6 billion.

2. Progress in Next Generation Delivery Vehicle (NGDV) Production.

The company demonstrated tangible progress in its multi-billion-dollar U.S. Postal Service NGDV program. By late 2025, Oshkosh announced it had surpassed 5,000 total NGDV units produced and achieved 10 million miles driven. This ramp-up in production for the Transport segment is expected to drive further growth, with the segment's revenues projected to increase to approximately $2.5 billion in 2026, with NGDVs comprising about half of that revenue.

Show more

Stock Movement Drivers

Fundamental Drivers

The 9.8% change in OSK stock from 11/30/2025 to 3/27/2026 was primarily driven by a 11.6% change in the company's P/E Multiple.
(LTM values as of)113020253272026Change
Stock Price ($)127.75140.319.8%
Change Contribution By: 
Total Revenues ($ Mil)10,33210,4220.9%
Net Income Margin (%)6.4%6.2%-3.7%
P/E Multiple12.313.711.6%
Shares Outstanding (Mil)64631.3%
Cumulative Contribution9.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/27/2026
ReturnCorrelation
OSK9.8% 
Market (SPY)-5.3%50.9%
Sector (XLI)3.9%73.6%

Fundamental Drivers

The 1.4% change in OSK stock from 8/31/2025 to 3/27/2026 was primarily driven by a 2.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253272026Change
Stock Price ($)138.34140.311.4%
Change Contribution By: 
Total Revenues ($ Mil)10,38410,4220.4%
Net Income Margin (%)6.3%6.2%-0.9%
P/E Multiple13.713.70.0%
Shares Outstanding (Mil)65632.0%
Cumulative Contribution1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/27/2026
ReturnCorrelation
OSK1.4% 
Market (SPY)0.6%49.1%
Sector (XLI)5.5%67.1%

Fundamental Drivers

The 39.4% change in OSK stock from 2/28/2025 to 3/27/2026 was primarily driven by a 42.4% change in the company's P/E Multiple.
(LTM values as of)22820253272026Change
Stock Price ($)100.66140.3139.4%
Change Contribution By: 
Total Revenues ($ Mil)10,73010,422-2.9%
Net Income Margin (%)6.4%6.2%-2.2%
P/E Multiple9.613.742.4%
Shares Outstanding (Mil)65633.1%
Cumulative Contribution39.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/27/2026
ReturnCorrelation
OSK39.4% 
Market (SPY)9.8%63.2%
Sector (XLI)18.4%71.7%

Fundamental Drivers

The 64.9% change in OSK stock from 2/28/2023 to 3/27/2026 was primarily driven by a 195.6% change in the company's Net Income Margin (%).
(LTM values as of)22820233272026Change
Stock Price ($)85.08140.3164.9%
Change Contribution By: 
Total Revenues ($ Mil)8,28210,42225.8%
Net Income Margin (%)2.1%6.2%195.6%
P/E Multiple32.013.7-57.1%
Shares Outstanding (Mil)65633.4%
Cumulative Contribution64.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/27/2026
ReturnCorrelation
OSK64.9% 
Market (SPY)69.4%54.5%
Sector (XLI)65.1%68.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OSK Return33%-20%25%-11%34%14%81%
Peers Return19%19%24%6%24%15%166%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
OSK Win Rate67%42%50%58%50%67% 
Peers Win Rate58%50%55%58%57%67% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
OSK Max Drawdown-1%-37%-17%-12%-16%0% 
Peers Max Drawdown-4%-14%-10%-9%-19%0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GD, TEX, PCAR, CAT, LMT. See OSK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventOSKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-48.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven94.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1,040 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-48.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven94.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven295 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-45.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven82.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven832 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-94.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1577.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,916 days1,480 days

Compare to GD, TEX, PCAR, CAT, LMT

In The Past

Oshkosh's stock fell -48.7% during the 2022 Inflation Shock from a high on 5/17/2021. A -48.7% loss requires a 94.8% gain to breakeven.

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About Oshkosh (OSK)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services for the department of defense. The company's Fire & Emergency segment offers custom and commercial firefighting vehicles and equipment; and commercial fire apparatus and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers for the concrete ready-mix industry; refuse collection vehicles and related components to commercial and municipal waste haulers; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.

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  • The 3M (MMM) of heavy-duty, specialized vehicles.
  • Like Caterpillar (CAT), but for specialized military, emergency, and industrial vehicles.

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  • Aerial Work Platforms & Telehandlers: Equipment used for lifting personnel and materials in construction, industrial, and maintenance applications.
  • Towing & Recovery Equipment: Vehicles and systems designed for towing and recovering other vehicles.
  • Tactical Wheeled Vehicles: Heavy, medium, and light military vehicles provided to the department of defense.
  • Fire & Emergency Vehicles: A wide range of custom and commercial vehicles including pumpers, aerial platforms, rescue vehicles, aircraft rescue and firefighting vehicles, and other emergency response vehicles.
  • Commercial Concrete Mixers: Front- and rear-discharge vehicles for the concrete ready-mix industry.
  • Refuse Collection Vehicles: Trucks and related components used for waste collection by commercial and municipal haulers.
  • Field Service Vehicles & Truck-Mounted Cranes: Specialized vehicles and equipment for on-site service and material handling across various industries.
  • Financing Services: Offers rental fleet loans and leases, along with floor plan and retail financing for its equipment.
  • Equipment Installation & Parts: Services for equipment installation and sales of chassis and service parts.

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Oshkosh Corporation (OSK) primarily sells its specialty vehicles and equipment to other companies and governmental entities rather than directly to individuals. Its major customers include:

  • United States Department of Defense: A significant customer for Oshkosh's Defense segment, purchasing heavy, medium, and light tactical wheeled vehicles and related services.
  • Rental Companies: Major purchasers of aerial work platforms and telehandlers from the Access Equipment segment for their rental fleets. Examples of large public rental companies include United Rentals (URI).
  • Waste Management Companies and Municipalities: Key customers for refuse collection vehicles and related components from the Commercial segment. Examples of large public waste management companies include Waste Management (WM) and Republic Services (RSG).
  • Municipalities (Fire & Emergency Services): Major buyers of custom and commercial firefighting vehicles, emergency vehicles, and snow removal equipment from the Fire & Emergency segment.

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John C. Pfeifer, President and Chief Executive Officer

Mr. Pfeifer has served as President and Chief Executive Officer of Oshkosh Corporation since April 2021, having joined the company in 2019 and previously holding the role of President and Chief Operating Officer from May 2020 to April 2021. Prior to his time at Oshkosh, he spent 13 years with Brunswick Corporation, where he was most recently the Senior Vice President and President of Mercury Marine. His tenure at Brunswick also included leadership roles as President of Brunswick Marine in Europe, the Middle East and Africa, and President of the Brunswick Asia Pacific Group. Earlier in his career, Mr. Pfeifer held executive and general management positions with ITT Corporation and Milacron, Inc. He currently serves on the boards of James Hardie Industries plc, Froedtert ThedaCare Health, Inc., the National Exchange Bank and Trust, and the National Association of Manufacturers.

Matthew Field, Executive Vice President and Chief Financial Officer

Mr. Field was appointed Executive Vice President and Chief Financial Officer of Oshkosh Corporation, effective December 16, 2024. Before joining Oshkosh, he served as CFO and Treasurer of Joby Aviation, where he led financial and accounting support for the company's public listing through a $1.1 billion merger with a special purpose acquisition company (SPAC) in 2021. Prior to Joby Aviation, Mr. Field spent more than two decades at Ford Motor Company, holding senior finance roles including CFO for North America and Corporate General Auditor.

Jay Iyengar, Executive Vice President and Chief Technology and Strategic Sourcing Officer

Ms. Iyengar joined Oshkosh Corporation in January 2022 as Executive Vice President and Chief Technology and Strategic Sourcing Officer, responsible for the company's vision and strategy for leading-edge technologies and global strategic sourcing activities. She brings over 30 years of diverse industry experience across automotive, aerospace, diversified industrial, agricultural, and heavy-duty vehicle markets. Prior to Oshkosh, Ms. Iyengar served as Chief Technology and Quality Officer at CNH Industrial, and held roles as Senior Vice President, Chief Innovation and Technology Officer for Xylem, Inc., and Group Vice President, Engineering and Technology for Eaton Corporation's Aerospace Group.

Ignacio Cortina, Executive Vice President, Chief Legal and Administrative Officer

Mr. Cortina has served as Executive Vice President, Chief Legal and Administrative Officer of Oshkosh Corporation since November 2024, and previously as Executive Vice President, Chief Legal Officer and Secretary from 2023 to 2024, and Executive Vice President, General Counsel and Secretary from 2015 to 2023. He joined Oshkosh Corporation in 2003 and has held various roles of increasing responsibility. Before joining Oshkosh, Mr. Cortina was in private practice in Washington, D.C. He currently serves on the board for Alliant Energy Corporation, the Fox Valley Technical College Foundation, and the Fox Cities Performing Arts Center.

Mahesh Narang, Executive Vice President and President, Access

Mr. Narang was appointed Executive Vice President and President, Access, at Oshkosh Corporation in November 2023. In this role, he is responsible for leading all aspects of the company's Access segment, which includes JLG and Jerr-Dan. Prior to joining Oshkosh, Mr. Narang served as Vice President and President of Components at Cummins Inc. from 2021 to October 2023, where he developed strategic direction and led operational aspects of the global Components business, including leading the acquisition and integration of several companies. He held various cross-functional positions of increasing responsibility during his long career at Cummins, starting in 2003.

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The key risks to Oshkosh Corporation (OSK) are:
  1. Dependence on Cyclical Markets and Government Contracts: Oshkosh Corporation's business, particularly its Access Equipment, Fire & Emergency, and Defense segments, is highly susceptible to cyclical economic conditions, construction spending, and fluctuations in government budgets and contracts. Downturns in these markets or shifts in government priorities and spending can significantly reduce sales and profitability across multiple segments. For instance, a substantial portion of the company's revenue is derived from U.S. government contracts, exposing it to political risks and potential reductions or reallocations of defense spending. The performance under specific large contracts, such as the USPS contract, also carries uncertainties, including potential order reductions, production delays, and higher-than-expected costs.

  2. Supply Chain Disruptions and Tariffs: The company faces ongoing operational risks related to its supply chain, including challenges in expanding manufacturing capacity, which may incur higher costs or take longer than anticipated. Specifically, tariffs on key components like steel and, more recently, Chinese battery imports, pose a significant financial headwind. Oshkosh anticipates these tariffs to total approximately $200 million in 2026, a substantial increase from 2025, and aims to offset this impact by year-end 2026, partly through localizing battery production. These issues can lead to increased production costs and potential delays in product delivery.

  3. Declining Backlog and Increased Competition: Oshkosh has experienced declines in its backlog, indicating a slowdown in new orders over recent periods. This trend suggests a potential for increasing competition or market saturation in some of its operating segments, particularly Access. A sustained decline in backlog can directly impact future revenue streams and signal challenges in securing new business, potentially affecting long-term growth prospects and profitability.

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Oshkosh Corporation (OSK) operates in several specialty vehicle markets. The addressable market sizes for its main products and services are outlined below:

Access Equipment Segment

  • Aerial Work Platforms: The global aerial work platform market size was valued at USD 20.7 billion in 2024 and is projected to reach USD 44.59 billion by 2033. North America held the largest market share, at 38.13% in 2025.
  • Telehandlers: The global telehandler market size was valued at USD 7.1 billion in 2024 and is anticipated to increase to USD 10.8 billion by 2035. In 2022, North America dominated the market, exceeding 35.0% of the market share.

Defense Segment

  • Heavy, Medium, and Light Tactical Wheeled Vehicles: The global military land vehicles market, which includes tactical trucks, was valued at USD 17.3 billion in 2024 and is expected to reach USD 34.6 billion by 2033. More specifically, the wheeled military armored vehicle market was estimated at USD 5.45 billion in 2025 and is expected to reach USD 12.45 billion by 2032.

Fire & Emergency Segment

  • Custom and Commercial Firefighting Vehicles and Equipment: The global firefighting vehicles market size was valued at USD 11.42 billion in 2024 and is anticipated to reach USD 15.75 billion by 2032. Europe holds 29% of the global market, while North America holds 34% of the global market.
  • Aircraft Rescue and Firefighting (ARFF) Vehicles: The global Aircraft Rescue and Firefighting Vehicles Market was valued at USD 51.2 billion in 2023 and is expected to reach USD 79.9 billion by 2033. North America currently dominates this market.
  • Other Emergency Response Vehicles (e.g., rescue vehicles, mobile command centers): The global emergency ambulance vehicle market, representing a broader category of emergency response vehicles, was valued at USD 43.8 billion in 2023 and is projected to reach USD 103.9 billion by 2033. North America was the largest market for emergency ambulance vehicles, holding a 37.60% share in 2021.

Commercial Segment

  • Front-and Rear-Discharge Concrete Mixers: The global concrete mixer market size was valued at USD 5.96 billion in 2025 and is estimated to grow to USD 8.91 billion by 2031. Asia-Pacific accounted for 44.16% of global revenue in 2025.
  • Refuse Collection Vehicles: The global garbage collection vehicle market size was 15.1 billion USD in 2024 and is anticipated to increase to 27.7 billion USD by 2035. The Asia Pacific region was the global leader in 2024, holding a 40% market share.
  • Field Service Vehicles and Truck-Mounted Cranes: The global truck-mounted cranes market was valued at USD 2.7 billion in 2025 and is estimated to grow to USD 28.7 billion by 2036. Asia Pacific held the largest share in 2024.

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Oshkosh Corporation (OSK) is expected to drive future revenue growth over the next two to three years through a combination of strong backlogs, the ramp-up of key programs, and strategic technological advancements.

Here are 4 expected drivers of future revenue growth:

  1. Robust Backlog and Execution in Vocational and Transport Segments: Oshkosh benefits from a significant backlog, particularly in its Vocational segment, which includes municipal fire apparatus and airport products, and its Transport segment. This strong order book provides multi-year revenue visibility, with existing contracts and backlogs supporting approximately 50% of targeted revenue growth by 2028.
  2. Ramp-up of Next Generation Delivery Vehicles (NGDV): The ongoing production and delivery of Next Generation Delivery Vehicles (NGDV) for the United States Postal Service (USPS) within the Transport segment is a critical growth driver. This program has already shown significant delivery vehicle revenue growth and is a key focus for future sales.
  3. Strategic Investments in Advanced Technologies: Oshkosh is actively investing in and integrating advanced technologies such as electrification, autonomy, and artificial intelligence (AI) across its product portfolio. These innovations, including electric Aircraft Rescue and Fire Fighting (ARFF) vehicles and robotic access concepts, are designed to enhance differentiation, meet evolving market demands, and drive long-term revenue streams by providing safer, smarter, and more sustainable solutions.
  4. Growth in International Defense Sales: While the domestic Joint Light Tactical Vehicle (JLTV) program is winding down, international sales within the Defense segment are expected to contribute to revenue growth. These international contracts help offset the decline from domestic programs and represent an expanding business scope.

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Share Repurchases

  • Oshkosh Corporation repurchased $278 million in shares in 2025.
  • In the fourth quarter of 2025, the company repurchased 911,873 shares of common stock for $118.7 million.
  • A long-running share repurchase program, totaling approximately $1.57 billion since 2015, was confirmed complete alongside the Q4 2025 results.

Inbound Investments

  • Capital Research Global Investors acquired 489,134 shares of Oshkosh stock, valued at approximately $63.44 million, in the third quarter (most recent disclosure).
  • Norges Bank purchased a new position in the second quarter valued at approximately $98.57 million.
  • American Century Companies Inc. raised its stake in Oshkosh by 22.8% in the second quarter, owning 2,858,787 shares worth $324.587 million.

Outbound Investments

  • Oshkosh Corporation has invested in Eatron® Technologies.

Capital Expenditures

  • Capital expenditures for the last 12 months (ending December 31, 2025) were -$211.80 million.
  • Expected capital expenditures for 2026 are approximately $200 million.
  • The primary focus of capital expenditures includes ramping up Next Generation Delivery Vehicle (NGDV) production and investing in additional U.S. fire truck production to meet customer demand, alongside capacity investments and operational improvements in the Vocational segment.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OSKGDTEXPCARCATLMTMedian
NameOshkosh General .Terex PACCAR Caterpil.Lockheed. 
Mkt Price140.31346.7656.44112.75695.40615.84243.53
Mkt Cap8.993.63.759.3324.1142.276.4
Rev LTM10,42252,5505,42128,44567,58975,04840,497
Op Inc LTM9455,3564752,96211,1517,7314,159
FCF LTM5723,9593223,0297,4536,9083,494
FCF 3Y Avg3683,6542812,9518,6896,1413,302
CFO LTM7835,1204404,41611,7398,5574,768
CFO 3Y Avg6444,6474084,41612,2207,8164,531

Growth & Margins

OSKGDTEXPCARCATLMTMedian
NameOshkosh General .Terex PACCAR Caterpil.Lockheed. 
Rev Chg LTM-2.9%10.1%5.7%-15.5%4.3%5.6%5.0%
Rev Chg 3Y Avg8.3%10.1%7.3%0.7%4.6%4.4%5.9%
Rev Chg Q3.5%7.8%6.2%-13.7%18.0%9.1%7.0%
QoQ Delta Rev Chg LTM0.9%2.0%1.4%-3.7%4.5%2.3%1.7%
Op Mgn LTM9.1%10.2%8.8%10.4%16.5%10.3%10.2%
Op Mgn 3Y Avg9.2%10.1%10.5%14.0%18.7%10.9%10.7%
QoQ Delta Op Mgn LTM-0.2%-0.1%1.4%-1.0%-1.2%2.0%-0.2%
CFO/Rev LTM7.5%9.7%8.1%15.5%17.4%11.4%10.6%
CFO/Rev 3Y Avg6.3%9.8%7.8%13.7%18.4%11.0%10.4%
FCF/Rev LTM5.5%7.5%5.9%10.6%11.0%9.2%8.4%
FCF/Rev 3Y Avg3.6%7.7%5.4%9.2%13.1%8.6%8.2%

Valuation

OSKGDTEXPCARCATLMTMedian
NameOshkosh General .Terex PACCAR Caterpil.Lockheed. 
Mkt Cap8.993.63.759.3324.1142.276.4
P/S0.91.80.72.14.81.91.8
P/EBIT9.317.07.920.026.920.218.5
P/E13.722.216.725.036.528.323.6
P/CFO11.318.38.413.427.616.615.0
Total Yield8.8%6.2%7.2%7.8%3.6%5.2%6.7%
Dividend Yield1.5%1.7%1.2%3.8%0.8%1.6%1.6%
FCF Yield 3Y Avg5.1%4.7%8.0%5.4%4.8%5.5%5.2%
D/E0.10.10.70.30.10.20.1
Net D/E0.10.10.50.10.10.10.1

Returns

OSKGDTEXPCARCATLMTMedian
NameOshkosh General .Terex PACCAR Caterpil.Lockheed. 
1M Rtn-18.6%1.1%-17.0%-9.5%-9.3%-4.4%-9.4%
3M Rtn7.8%1.7%2.5%1.1%19.6%28.2%5.2%
6M Rtn8.8%5.9%9.6%14.3%50.1%28.0%12.0%
12M Rtn46.9%31.2%42.7%17.8%107.8%43.0%42.9%
3Y Rtn87.9%63.7%25.6%75.3%231.6%41.6%69.5%
1M Excs Rtn-10.6%6.7%-9.2%-1.3%0.2%4.3%-0.6%
3M Excs Rtn16.1%8.9%11.7%9.5%27.5%35.6%13.9%
6M Excs Rtn14.5%11.4%15.8%23.8%54.3%32.4%19.8%
12M Excs Rtn33.9%19.6%30.1%4.7%95.2%30.6%30.4%
3Y Excs Rtn22.4%6.6%-38.1%17.3%170.2%-19.4%11.9%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Access5,1654,990   
Vocational3,3102,578   
Transport2,1552,001   
Corporate and other10088   
Total10,7309,658   


Operating Income by Segment
$ Mil20252024202320222021
Access805739   
Vocational397186   
Transport5188   
Corporate and other-243-174   
Total1,011838   


Price Behavior

Price Behavior
Market Price$140.31 
Market Cap ($ Bil)8.9 
First Trading Date03/26/1990 
Distance from 52W High-21.1% 
   50 Days200 Days
DMA Price$158.12$136.16
DMA Trendupup
Distance from DMA-11.3%3.0%
 3M1YR
Volatility40.9%39.1%
Downside Capture0.830.84
Upside Capture236.19140.32
Correlation (SPY)49.8%63.4%
OSK Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.171.551.651.491.251.23
Up Beta1.812.232.512.561.371.27
Down Beta1.441.070.791.331.201.25
Up Capture220%316%312%160%167%174%
Bmk +ve Days9203170142431
Stock +ve Days12223059124381
Down Capture-42%27%90%108%99%104%
Bmk -ve Days12213054109320
Stock -ve Days9193064126368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSK
OSK45.6%39.1%1.04-
Sector ETF (XLI)20.5%19.2%0.8471.8%
Equity (SPY)14.5%18.9%0.5963.3%
Gold (GLD)50.2%27.7%1.4616.0%
Commodities (DBC)17.8%17.6%0.8530.8%
Real Estate (VNQ)0.4%16.4%-0.1553.0%
Bitcoin (BTCUSD)-21.0%44.0%-0.4126.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSK
OSK5.1%33.2%0.21-
Sector ETF (XLI)12.3%17.2%0.5669.9%
Equity (SPY)11.8%17.0%0.5457.8%
Gold (GLD)20.7%17.7%0.969.8%
Commodities (DBC)11.6%18.9%0.5020.4%
Real Estate (VNQ)3.0%18.8%0.0746.2%
Bitcoin (BTCUSD)4.7%56.6%0.3021.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSK
OSK14.9%35.0%0.49-
Sector ETF (XLI)13.0%19.8%0.5871.3%
Equity (SPY)14.0%17.9%0.6759.8%
Gold (GLD)13.3%15.8%0.703.9%
Commodities (DBC)8.2%17.6%0.3927.3%
Real Estate (VNQ)4.7%20.7%0.1945.7%
Bitcoin (BTCUSD)66.9%66.8%1.0613.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity2.0 Mil
Short Interest: % Change Since 2282026-15.9%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity63.3 Mil
Short % of Basic Shares3.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/29/2026-0.6%14.2%16.7%
10/29/2025-9.2%-12.4%-7.2%
8/1/20253.2%6.9%10.5%
4/30/2025-5.1%0.0%14.3%
1/30/202518.4%15.7%7.5%
10/30/2024-1.3%-2.5%5.0%
7/31/2024-5.0%-13.6%-6.8%
4/25/2024-2.1%-7.0%-4.2%
...
SUMMARY STATS   
# Positive101313
# Negative141111
Median Positive3.3%2.5%11.2%
Median Negative-2.2%-5.5%-4.6%
Max Positive18.4%15.7%17.8%
Max Negative-9.2%-13.6%-9.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/17/202610-K
09/30/202510/29/202510-Q
06/30/202508/01/202510-Q
03/31/202504/30/202510-Q
12/31/202402/20/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202404/25/202410-Q
12/31/202302/29/202410-K
09/30/202310/26/202310-Q
06/30/202308/01/202310-Q
03/31/202304/27/202310-Q
12/31/202202/21/202310-K
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q
03/31/202204/27/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/29/2026 | Prior: Q3 2025 Earnings Reported 10/29/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 EPS 10.9 9.0% Higher NewGuidance: 10 for 2025
2026 Adjusted EPS 11.5 7.0% Higher NewGuidance: 10.8 for 2025
2026 Revenue 11.00 Bil 6.3% Higher NewGuidance: 10.35 Bil for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cortina, Ignacio AEVP, CL&AO & SecretaryDirectSell11242025124.418,000995,2805,661,353Form
2Khare, AnupamSVP/Chief Information OfficerDirectSell8262025139.034,000556,1201,906,898Form
3Brandt, Bryan KSVP & Chief Marketing OfficerDirectSell8202025140.371,732243,0581,468,060Form
4Cortina, Ignacio AEVP, CL&AO & SecretaryDirectSell8132025138.6312,7251,764,1107,417,664Form
5Freeders, James CSVP, Finance and ControllerDirectSell8072025136.6612,1251,656,9571,261,042Form