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Oshkosh (OSK)

Market Price (1/24/2026): $153.94 | Market Cap: $9.9 Bil
Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

Oshkosh (OSK)

Market Price (1/24/2026): $153.94
Market Cap: $9.9 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 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 7.6%		 Trading close to highs
Dist 52W High is -1.7%, Dist 3Y High is -1.7%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.5%, Rev Chg QQuarterly Revenue Change % is -1.9%
1 Low stock price volatility
Vol 12M is 42%		 Weak multi-year price returns
3Y Excs Rtn is -2.9%		 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 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 7.6%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Sustainable Infrastructure. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.
3 Trading close to highs
Dist 52W High is -1.7%, Dist 3Y High is -1.7%
4 Weak multi-year price returns
3Y Excs Rtn is -2.9%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.5%, Rev Chg QQuarterly Revenue Change % is -1.9%
6 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

OSK Stock

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Oshkosh (OSK) stock has gained about 20% since 9/30/2025 because of the following key factors:

1. Defense Contract Wins: Oshkosh Defense secured several substantial contracts from the U.S. Department of Defense and international customers, bolstering confidence in its defense segment. These included $142 million in contracts for Common Bridge Transporters and Palletized Load System A2 vehicles, along with additional orders from the Netherlands Ministry of Defence in early January 2026. Oshkosh Defense also received a $53 million order for Common Bridge Transporters (CBT) on January 15, 2026.

2. Favorable Analyst Sentiment and Price Target Increases: Analyst firms provided positive ratings and increased price targets for Oshkosh. Barclays initiated coverage with an "Overweight" rating and a $150 price target in November 2025, and Bernstein raised its price target to $140 in December 2025. The consensus among analysts leaned towards a "Buy" or "Strong Buy" rating, reflecting an attractive valuation and potential for future earnings growth.

Show more

Stock Movement Drivers

Fundamental Drivers

The 19.2% change in OSK stock from 9/30/2025 to 1/23/2026 was primarily driven by a 15.6% change in the company's P/E Multiple.
(LTM values as of)93020251232026Change
Stock Price ($)129.17153.9119.2%
Change Contribution By: 
Total Revenues ($ Mil)10,38410,332-0.5%
Net Income Margin (%)6.3%6.4%3.0%
P/E Multiple12.814.815.6%
Shares Outstanding (Mil)65640.6%
Cumulative Contribution19.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 1/23/2026
ReturnCorrelation
OSK19.2% 
Market (SPY)3.5%52.9%
Sector (XLI)6.5%65.8%

Fundamental Drivers

The 36.6% change in OSK stock from 6/30/2025 to 1/23/2026 was primarily driven by a 24.6% change in the company's P/E Multiple.
(LTM values as of)63020251232026Change
Stock Price ($)112.66153.9136.6%
Change Contribution By: 
Total Revenues ($ Mil)10,49910,332-1.6%
Net Income Margin (%)5.8%6.4%10.2%
P/E Multiple11.914.824.6%
Shares Outstanding (Mil)65641.0%
Cumulative Contribution36.6%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 1/23/2026
ReturnCorrelation
OSK36.6% 
Market (SPY)11.9%48.0%
Sector (XLI)11.8%61.8%

Fundamental Drivers

The 64.8% change in OSK stock from 12/31/2024 to 1/23/2026 was primarily driven by a 64.8% change in the company's P/E Multiple.
(LTM values as of)123120241232026Change
Stock Price ($)93.42153.9164.8%
Change Contribution By: 
Total Revenues ($ Mil)10,59910,332-2.5%
Net Income Margin (%)6.4%6.4%0.7%
P/E Multiple9.014.864.8%
Shares Outstanding (Mil)65641.9%
Cumulative Contribution64.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2024 to 1/23/2026
ReturnCorrelation
OSK64.8% 
Market (SPY)18.6%59.1%
Sector (XLI)25.9%66.8%

Fundamental Drivers

The 83.2% change in OSK stock from 12/31/2022 to 1/23/2026 was primarily driven by a 462.1% change in the company's Net Income Margin (%).
(LTM values as of)123120221232026Change
Stock Price ($)84.03153.9183.2%
Change Contribution By: 
Total Revenues ($ Mil)7,87010,33231.3%
Net Income Margin (%)1.1%6.4%462.1%
P/E Multiple60.814.8-75.7%
Shares Outstanding (Mil)65642.0%
Cumulative Contribution83.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2022 to 1/23/2026
ReturnCorrelation
OSK83.2% 
Market (SPY)86.9%54.5%
Sector (XLI)74.5%66.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OSK Return33%-20%25%-11%34%25%97%
Peers Return31%9%34%26%42%13%286%
S&P 500 Return27%-19%24%23%16%1%84%

Monthly Win Rates [3]
OSK Win Rate67%42%50%58%50%100% 
Peers Win Rate60%45%58%60%65%100% 
S&P 500 Win Rate75%42%67%75%67%100% 

Max Drawdowns [4]
OSK Max Drawdown-1%-37%-17%-12%-16%0% 
Peers Max Drawdown-3%-19%-11%-9%-19%0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: GD, TEX, REVG, PCAR, CAT. 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 1/23/2026 (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, REVG, PCAR, CAT

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.

AI Analysis | Feedback

Here are 1-3 brief analogies for Oshkosh (OSK):
  • Oshkosh is like a specialized Caterpillar that focuses on military vehicles, fire trucks, and construction lifts.
  • Oshkosh is like Terex (known for its Genie lifts and industrial equipment), but with a major defense manufacturing arm for military vehicles.
  • Oshkosh is like PACCAR (maker of Kenworth and Peterbilt trucks) for highly specialized vehicles, also including military transport and fire apparatus.

AI Analysis | Feedback

Oshkosh Corporation's major products include:

  • Access Equipment: A diverse range of aerial work platforms, telehandlers, and material handling equipment for construction, industrial, and maintenance applications.
  • Defense Vehicles: Specialized tactical wheeled vehicles and integrated logistics support for military forces globally.
  • Fire & Emergency Vehicles: Custom fire apparatus, airport rescue and firefighting (ARFF) vehicles, and ambulances for emergency services.
  • Commercial Vehicles: Severe-duty vocational chassis, concrete mixers, and refuse collection vehicles for municipal and commercial fleets.

AI Analysis | Feedback

Oshkosh (OSK) primarily sells its specialized vehicles and equipment to other companies (B2B) and government entities (B2G) across various sectors.

Its major customers include:

  • United States Department of Defense: A significant customer for Oshkosh Defense, purchasing a wide range of military vehicles, including Joint Light Tactical Vehicles (JLTVs) and Heavy Expanded Mobility Tactical Trucks (HEMTTs).
  • United Rentals, Inc. (NYSE: URI): One of the largest equipment rental companies globally, a key customer for Oshkosh's JLG access equipment segment (e.g., boom lifts, scissor lifts, telehandlers).
  • Herc Holdings Inc. (NYSE: HRI): Another major equipment rental company that purchases access equipment from Oshkosh's JLG segment.

While Oshkosh also serves numerous other businesses such as construction companies, waste management firms, and various municipal departments (e.g., fire departments, public works) with its vocational and commercial vehicles, the entities listed above represent some of its most substantial and identifiable customer relationships.

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John C. Pfeifer, President and Chief Executive Officer

John C. Pfeifer has served as Oshkosh Corporation's President and Chief Executive Officer and a board member since April 2021. He joined Oshkosh in 2019 as President and Chief Operating Officer. Prior to joining Oshkosh, Mr. Pfeifer spent 13 years with Brunswick Corporation, where his roles included Senior Vice President and President of Mercury Marine, a global leader in marine propulsion systems, parts and accessories. He also served as President of Brunswick Marine in Europe, the Middle East and Africa, and President of the Brunswick Asia Pacific Group. Earlier in his career, he held executive and general management positions with ITT Corporation and Milacron, Inc.

Matthew Field, Executive Vice President and Chief Financial Officer

Matthew Field was appointed Executive Vice President and Chief Financial Officer of Oshkosh Corporation, effective December 16, 2024. He succeeds Michael Pack in this role. Mr. Field brings extensive experience from the automotive and aerospace industries, having most recently served as CFO and Treasurer at Joby Aviation, Inc., where he played a key role in the company's public listing in 2021. Before Joby Aviation, he spent over two decades at Ford Motor Company, including serving as CFO for North America and Corporate General Auditor.

Michael Pack, Executive Vice President and President, Vocational Segment

Michael Pack was appointed Executive Vice President and President of Oshkosh's Vocational segment in June 2024. Prior to this, he served as the Executive Vice President and Chief Financial Officer of Oshkosh Corporation from April 2020 until December 2024. He joined Oshkosh Corporation in 2006 and has held various finance roles with increasing responsibility across the Fire & Emergency, Access Equipment, and Commercial segments, as well as in Corporate Finance. Before joining Oshkosh, he was a senior audit manager at Grant Thornton LLP. Mr. Pack also serves on the board of directors for Winnebago Industries, Inc.

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

Ignacio Cortina serves as Executive Vice President, Chief Legal and Administrative Officer, a position he has held since November 2024. Previously, he was Executive Vice President, General Counsel and Secretary since November 2016. He is responsible for all legal, regulatory, government relations, human resources, ethics and compliance, environmental, and sustainability matters for the company. Mr. Cortina joined Oshkosh Corporation in 2003 and held various roles of increasing responsibility. Prior to joining Oshkosh, he worked in private practice in Washington, D.C.

Mahesh Narang, Executive Vice President and President, Access

Mahesh Narang is Oshkosh Corporation's Executive Vice President and President, Access, a position he has held since November 2023. In this role, Mr. Narang is responsible for leading all aspects of the company's Access segment, which includes the JLG and Jerr-Dan brands. He previously served as Vice President and President of Components at Cummins Inc. from 2021 to October 2023. At Cummins, he was responsible for strategic direction and led operational aspects of the global Components business, including the acquisition and integration of several companies.

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AI Analysis | Feedback

The key risks to Oshkosh Corporation (OSK) are primarily centered around the cyclical nature of its markets, its significant reliance on government contracts, and vulnerabilities within its supply chain.

  1. Cyclicality of the Access Equipment Segment: The Access Equipment segment, particularly its JLG business, is highly sensitive to the inherent cyclicality of the construction and equipment rental markets. Fluctuations in these markets can lead to sharp declines in sales volume and operating income for Oshkosh. For example, in the first quarter of 2025, the Access segment experienced a significant drop in sales and operating income due to reduced demand in North America.
  2. High Dependence on U.S. Government Contracts: Oshkosh derives a substantial portion of its revenue from contracts with the U.S. government, including its Defense segment and the Next Generation Delivery Vehicle (NGDV) contract with the USPS. This concentration creates a risk where budget cuts, contract losses, or the unpredictable nature of government procurement can lead to significant revenue and income volatility. The loss of follow-on contracts, such as the Joint Light Tactical Vehicle (JLTV) contract, has demonstrated the impact of this risk.
  3. Dependence on Third-Party Suppliers and Supply Chain Disruptions: Oshkosh relies on a wide network of third-party suppliers for a large portion of its materials and components. This dependence makes the company vulnerable to supply shortages, price increases, and production inefficiencies, which can disrupt manufacturing and negatively impact financial performance.

AI Analysis | Feedback

The rapid emergence of highly competitive, specialized pure-play electric vehicle manufacturers focusing on vocational and access equipment segments.

AI Analysis | Feedback

Oshkosh Corporation (OSK) operates across several key segments, each addressing distinct global markets for their specialized products and services.

Access Equipment

  • Aerial Work Platforms (AWPs) and Telehandlers: The global aerial work platforms market was estimated at USD 12.22 billion in 2023 and is projected to reach approximately USD 29.90 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2033. North America holds the largest market share, accounting for 38.13% in 2023, with the U.S. market specifically valued at USD 3.83 billion in 2023, anticipated to reach around USD 10.19 billion by 2033. Other estimates for the global AWP market include USD 17.46 billion in 2022, projected to reach USD 33.78 billion by 2030, and USD 10.46 billion in 2023, projected to grow to USD 20.47 billion by 2032. The global telehandler market was valued at USD 7.27 billion in 2024 and is estimated to reach USD 11.29 billion by 2033, exhibiting a CAGR of 4.77% from 2025-2033. Asia Pacific currently dominates the telehandler market, holding a 35.0% share in 2024. Other estimates for the global telehandler market include USD 9.2 billion in 2024, expected to reach USD 26.47 billion by 2032.

Defense

  • Military Vehicles (Tactical Trucks, Armored Vehicles, etc.): The global military vehicle market is projected to grow from USD 23.64 billion in 2024 to USD 38.07 billion by 2032, at a CAGR of 6.14% during 2025-2032. The global armored vehicle market size was estimated at USD 32.41 billion in 2024 and is projected to reach USD 44.56 billion by 2030, with a CAGR of 5.4% from 2025 to 2030. North America holds over 25% of the armored vehicle market in 2024. The Global Defense Light Tactical Vehicle (DLTV) Market was valued at approximately USD 8.09 billion in 2024 and is projected to reach about USD 16.54 billion by 2035, with a CAGR of 6.72% from 2025 to 2035. North America was the largest regional market, capturing 37% of the market share in 2022. The global Oshkosh FMTV A2 market size was valued at USD 2.7 billion in 2024 and is projected to reach USD 4.1 billion by 2033, expanding at a CAGR of 4.8% during 2024–2033, with North America commanding nearly 45% of the total revenue in 2024.

Fire & Emergency

  • Fire Apparatus and Emergency Vehicles: The global fire truck market size was valued at USD 11.42 billion in 2024 and is projected to reach USD 16.72 billion by 2033, exhibiting a CAGR of 4.3% during the forecast period (2025–2033). Europe remained the global leader in the fire truck market in 2024, with a market share of 34.6%. The global market for emergency response and recovery vehicles (a broader category including fire trucks) was valued at USD 16.2 billion in 2023 and is projected to reach USD 25.6 billion by 2032, growing at a CAGR of 5.2% during the forecast period. North America holds a significant share of this market.

Commercial/Vocational

  • Refuse Collection Vehicles (Garbage Trucks): The global waste or garbage collection vehicle market size was valued at US$ 8.9 billion in 2024 and is projected to reach US$ 14.1 billion by 2035, expanding at a CAGR of 4.2% from 2025 to 2035. The Asia Pacific region dominated this market in 2024, holding a revenue share of 40%. Other sources indicate the global garbage truck market is projected to reach USD 22.0 billion by 2034, from USD 13.9 billion in 2024.
  • Concrete Mixers: The global concrete mixer market was valued at USD 8.2 billion in 2023 and is expected to reach USD 13.1 billion by 2030, expanding at a CAGR of 6%. Another source indicates the global concrete mixer market expanded from USD 16.20 billion in 2024 and is projected to reach USD 23.24 billion by 2032. Asia-Pacific holds the largest market share.

AI Analysis | Feedback

Oshkosh Corporation (OSK) is anticipated to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives and favorable market dynamics. Key expected drivers include:

  1. Robust Backlog and Execution of Existing Contracts: Oshkosh has a strong backlog, particularly in its Vocational and Transport segments, which provides long-term revenue visibility. Multi-year backlogs and existing contracts are expected to support a significant portion of the company's targeted revenue growth through 2028.
  2. Advancements in Technology (Electrification, Autonomy, Digital Solutions): The company is making substantial investments in and leveraging leading technologies such as electrification, autonomy, active safety, intelligent products, and advanced analytics. The Access segment, led by the JLG brand, is a key focus for electrification and is projected to be a significant "engine of growth."
  3. Expansion into New Markets and Geographies: Oshkosh's "Innovate. Serve. Advance." strategy includes expanding its presence into new markets and geographies. This involves actively growing its dealer footprint to support international growth, particularly for telehandlers and agricultural applications, and developing region-specific products.
  4. Favorable Market Dynamics and Demand: Several positive market trends are expected to sustain demand for Oshkosh's products. These include increasing infrastructure spending, onshoring efforts in North America, healthy U.S. municipal budgets, growth in air travel, and the ongoing need for customers to refresh aged fleets.
  5. Strategic Acquisitions (Programmatic M&A): As part of its disciplined capital allocation approach, Oshkosh plans to pursue programmatic mergers and acquisitions. These strategic M&A activities are aimed at driving further growth in its attractive target markets.

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Share Repurchases

  • Oshkosh repurchased approximately $155 million in shares in 2022 and $116 million in 2024.
  • In May 2022, the Board of Directors increased the share repurchase authorization by approximately 8 million shares, bringing the total authorization to 12 million shares.
  • During the third quarter of 2025, the company repurchased $90.6 million worth of common stock, bringing year-to-date repurchases to $159 million.

Share Issuance

  • For the trailing twelve months ended June 2025, Oshkosh reported $0 million in issuance of stock.

Outbound Investments

  • In 2021, Oshkosh acquired Pratt Miller and made strategic investments in Microvast and Carnegie Foundry to enhance electrification and autonomy capabilities.
  • Oshkosh acquired Maxi-Métal Inc. and entered into an agreement to acquire Hinowa S.p.A. in 2022.
  • In September 2024, the company acquired AUSA, a privately held Spanish company, and in the same year, announced an $800 million deal to acquire John Bean Technologies' Aerotech business.

Capital Expenditures

  • Capital expenditures were $325 million in 2023 and $281 million in 2024.
  • For the full-year 2025, Oshkosh expects capital expenditures to be approximately $250 million.
  • These investments are primarily focused on enhancing production capabilities, advancing technology, and supporting the "Innovate. Serve. Advance." strategy to drive future growth and improve operating margins.

Better Bets than Oshkosh (OSK)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Oshkosh Earnings Notes12/26/2025
2Would You Still Hold Oshkosh Stock If It Fell 30%?10/17/2025
3Oshkosh vs Verizon Communications: Which Is A Better Investment?08/18/2025
4Oshkosh vs United Airlines: Which Is A Better Investment?08/18/2025
5How Does Oshkosh Stock Stack Up Against Its Peers?08/13/2025
6Better Bet Than OSK Stock: Pay Less Than Oshkosh To Get More From CCL, IBKR 08/12/2025
7OSK Dip Buy Analysis07/10/2025
8Oshkosh Total Shareholder Return (TSR): -9.4% in 2024 and 0.9% 3-yr compounded annual returns (below peer average)03/07/2025
9ARTICLES 
10Small Cap Stocks Trading At 52-Week High01/10/2026
11Better Bet Than Alamo Stock: Pay Less To Get More From GATX, OSK08/15/2025
12Better Bet Than Caterpillar Stock: Pay Less To Get More From OSK08/06/2025
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Peer Comparisons for Oshkosh

Peers to compare with:

Financials

OSKGDTEXREVGPCARCATMedian
NameOshkosh General .Terex REV PACCAR Caterpil. 
Mkt Price153.91363.2759.5967.05122.00626.62137.95
Mkt Cap9.997.83.93.364.2293.637.0
Rev LTM10,33251,5095,3442,46429,53264,67119,932
Op Inc LTM9575,3273911823,36511,4152,161
FCF LTM7554,8122791903,1947,5601,974
FCF 3Y Avg3163,3952661033,0058,6161,660
CFO LTM9745,7194122414,71711,5412,846
CFO 3Y Avg5994,3503921404,45011,9362,474

Growth & Margins

OSKGDTEXREVGPCARCATMedian
NameOshkosh General .Terex REV PACCAR Caterpil. 
Rev Chg LTM-2.5%11.9%4.6%3.5%-15.2%-1.5%1.0%
Rev Chg 3Y Avg9.9%9.9%8.9%2.3%3.8%4.9%6.9%
Rev Chg Q-1.9%10.6%14.4%11.1%-19.0%9.5%10.1%
QoQ Delta Rev Chg LTM-0.5%2.5%3.4%2.8%-5.0%2.4%2.4%
Op Mgn LTM9.3%10.3%7.3%7.4%11.4%17.7%9.8%
Op Mgn 3Y Avg9.2%10.2%10.4%5.1%14.4%18.9%10.3%
QoQ Delta Op Mgn LTM-0.0%0.0%0.1%0.2%-1.0%-0.6%0.0%
CFO/Rev LTM9.4%11.1%7.7%9.8%16.0%17.8%10.4%
CFO/Rev 3Y Avg6.0%9.3%7.5%5.6%13.7%18.2%8.4%
FCF/Rev LTM7.3%9.3%5.2%7.7%10.8%11.7%8.5%
FCF/Rev 3Y Avg3.1%7.3%5.1%4.1%9.2%13.1%6.2%

Valuation

OSKGDTEXREVGPCARCATMedian
NameOshkosh General .Terex REV PACCAR Caterpil. 
Mkt Cap9.997.83.93.364.2293.637.0
P/S1.01.90.71.32.24.51.6
P/EBIT10.117.910.222.819.124.018.5
P/E14.823.225.134.223.831.724.5
P/CFO10.117.19.513.513.625.413.5
Total Yield8.1%5.9%5.2%3.3%7.7%4.1%5.5%
Dividend Yield1.3%1.6%1.2%0.4%3.5%0.9%1.2%
FCF Yield 3Y Avg4.0%4.3%7.5%5.6%5.5%4.7%5.1%
D/E0.10.10.70.00.20.10.1
Net D/E0.10.10.50.00.10.10.1

Returns

OSKGDTEXREVGPCARCATMedian
NameOshkosh General .Terex REV PACCAR Caterpil. 
1M Rtn18.0%5.6%9.1%8.0%9.4%7.6%8.5%
3M Rtn10.8%4.0%6.1%10.3%23.8%20.2%10.6%
6M Rtn20.5%16.7%14.8%40.1%22.5%45.2%21.5%
12M Rtn62.8%37.9%23.7%90.4%13.8%56.3%47.1%
3Y Rtn64.7%64.2%26.1%513.9%84.2%155.4%74.5%
1M Excs Rtn16.9%5.1%8.4%7.4%7.6%7.3%7.5%
3M Excs Rtn12.4%4.6%9.9%11.4%21.0%19.0%11.9%
6M Excs Rtn12.7%7.9%6.7%32.5%13.9%38.0%13.3%
12M Excs Rtn49.5%24.1%10.8%78.1%0.4%46.1%35.1%
3Y Excs Rtn-2.9%-12.0%-45.1%443.5%29.1%85.5%13.1%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil2024202320222021
Access4,990   
Vocational2,578   
Transport2,001   
Corporate and other88   
Total9,658   


Operating Income by Segment
$ Mil2024202320222021
Access739   
Vocational186   
Transport88   
Corporate and other-174   
Total838   


Price Behavior

Price Behavior
Market Price$153.91 
Market Cap ($ Bil)9.9 
First Trading Date03/26/1990 
Distance from 52W High-1.7% 
   50 Days200 Days
DMA Price$133.60$122.04
DMA Trendupup
Distance from DMA15.2%26.1%
 3M1YR
Volatility38.9%41.8%
Downside Capture122.72109.90
Upside Capture168.16145.09
Correlation (SPY)44.9%59.5%
OSK Betas & Captures as of 12/31/2025

 1M2M3M6M1Y3Y
Beta2.041.331.571.421.251.21
Up Beta3.851.872.612.551.321.28
Down Beta0.010.161.510.951.221.23
Up Capture248%176%115%121%145%131%
Bmk +ve Days11233772143431
Stock +ve Days8193059120380
Down Capture261%145%139%129%107%105%
Bmk -ve Days11182755108320
Stock -ve Days13213367129369

[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
OSK63.4%41.7%1.28-
Sector ETF (XLI)18.4%19.0%0.7566.7%
Equity (SPY)14.7%19.3%0.5859.4%
Gold (GLD)81.5%20.4%2.838.6%
Commodities (DBC)8.3%15.4%0.3230.3%
Real Estate (VNQ)4.9%16.6%0.1149.6%
Bitcoin (BTCUSD)-13.6%39.7%-0.2826.8%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with OSK
OSK12.2%33.2%0.41-
Sector ETF (XLI)14.8%17.2%0.6970.3%
Equity (SPY)14.4%17.1%0.6858.3%
Gold (GLD)21.9%15.7%1.137.2%
Commodities (DBC)11.9%18.7%0.5220.6%
Real Estate (VNQ)5.2%18.8%0.1846.5%
Bitcoin (BTCUSD)19.5%57.9%0.5422.0%

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
OSK18.1%35.1%0.57-
Sector ETF (XLI)14.7%19.9%0.6671.1%
Equity (SPY)15.5%18.0%0.7460.0%
Gold (GLD)16.2%14.9%0.901.7%
Commodities (DBC)8.4%17.6%0.4027.9%
Real Estate (VNQ)5.9%20.8%0.2546.1%
Bitcoin (BTCUSD)70.6%66.7%1.1012.8%

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

Short Interest

Short Interest: As Of Date12312025
Short Interest: Shares Quantity4.6 Mil
Short Interest: % Change Since 1215202511.9%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest8.5 days
Basic Shares Quantity64.1 Mil
Short % of Basic Shares7.2%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
1/30/20241.0%-0.6%-2.5%
...
SUMMARY STATS   
# Positive101312
# Negative141112
Median Positive3.3%2.4%10.9%
Median Negative-2.3%-5.5%-4.9%
Max Positive18.4%15.7%17.8%
Max Negative-9.2%-13.6%-16.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
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
12/31/202101/26/202210-QT

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

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