Oshkosh (OSK)
Market Price (11/1/2026): $139.95 | Market Cap: $8.5 BilSector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment
Oshkosh (OSK)
Market Price (11/1/2026): $139.95Market Cap: $8.5 BilSector: IndustrialsIndustry: Construction Machinery & Heavy Transportation Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, FCF Yield is 11% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Sustainable Infrastructure. Themes include EV Manufacturing, Autonomous Driving Technology, Show more. | Weak multi-year price returns3Y Excs Rtn is -16% | Key risksOSK key risks include [1] the cyclicality of its Access Equipment segment and [2] a significant reliance on U.S. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, FCF Yield is 11% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Sustainable Infrastructure. Themes include EV Manufacturing, Autonomous Driving Technology, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -16% |
| Key risksOSK key risks include [1] the cyclicality of its Access Equipment segment and [2] a significant reliance on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Oshkosh (OSK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 Earnings Miss and Lowered Full-Year Guidance.
Oshkosh reported fiscal Q3 2026 (ended September 30, 2026) adjusted earnings per share (EPS) of $2.41, missing analyst estimates which ranged from $3.01 to $3.07. Quarterly revenue of $2.84 billion also fell short of the consensus estimate of $2.94 billion. In response, the company lowered its full-year fiscal 2026 adjusted EPS guidance to a range of $8.50 to $9.50, significantly below the prior analyst consensus of $10.73, and reduced its full-year revenue outlook to approximately $11 billion from $11.2 billion. This negative earnings surprise and reduced outlook contributed to downward pressure on the stock.
2. Operational Challenges in Fire Truck Production.
A primary factor for the earnings miss and reduced guidance stemmed from "near-term challenges" in the transformation of fire truck production at Oshkosh's Pierce segment. Management indicated that improvements in throughput were taking longer than expected, resulting in lower fire truck production and deliveries during fiscal Q3 2026. This directly led to a 7.0% decrease in vocational segment sales and a 38.2% fall in operating income for the quarter, causing investor caution.
Show more
Oshkosh (OSK) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Fiscal Q3 2026 Earnings Miss and Lowered Full-Year Guidance.
Oshkosh reported fiscal Q3 2026 (ended September 30, 2026) adjusted earnings per share (EPS) of $2.41, missing analyst estimates which ranged from $3.01 to $3.07. Quarterly revenue of $2.84 billion also fell short of the consensus estimate of $2.94 billion. In response, the company lowered its full-year fiscal 2026 adjusted EPS guidance to a range of $8.50 to $9.50, significantly below the prior analyst consensus of $10.73, and reduced its full-year revenue outlook to approximately $11 billion from $11.2 billion. This negative earnings surprise and reduced outlook contributed to downward pressure on the stock.
2. Operational Challenges in Fire Truck Production.
A primary factor for the earnings miss and reduced guidance stemmed from "near-term challenges" in the transformation of fire truck production at Oshkosh's Pierce segment. Management indicated that improvements in throughput were taking longer than expected, resulting in lower fire truck production and deliveries during fiscal Q3 2026. This directly led to a 7.0% decrease in vocational segment sales and a 38.2% fall in operating income for the quarter, causing investor caution.
3. Offsetting Strength in Access Segment and Robust Free Cash Flow.
Despite vocational segment challenges, the Access segment delivered strong performance in fiscal Q3 2026, with sales increasing 21% year-over-year to $1.3 billion and operating income rising 23.5% to $145.7 million. Additionally, Oshkosh demonstrated strong cash generation, reporting $275 million in free cash flow for fiscal Q3 2026, bringing its year-to-date free cash flow to $433 million. The company also raised its full-year free cash flow guidance to between $600 million and $700 million. These positive developments in a key segment and strong liquidity helped to provide underlying support for the stock, preventing a more significant decline.
4. Macroeconomic Headwinds of High Interest Rates and Persistent Inflation.
The broader economic environment impacted investor sentiment for industrial stocks during the period. Financial markets entered fiscal Q4 2026 (beginning October 1, 2026) characterized by higher interest rates, with the 10-year Treasury yield increasing significantly in fiscal Q3 2026, potentially raising borrowing costs for businesses. Persistent inflation, particularly in energy and raw materials, continued to present challenges for manufacturers, leading to elevated input costs and potential margin pressures for companies like Oshkosh, even as the manufacturing sector showed some momentum.
Show less
Stock Movement Drivers
Fundamental Drivers
The -1.4% change in OSK stock from 7/31/2026 to 10/31/2026 was primarily driven by a -11.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 141.89 | 139.94 | -1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,610 | 10,763 | 1.4% |
| Net Income Margin (%) | 5.2% | 4.6% | -11.7% |
| P/E Multiple | 15.9 | 17.4 | 9.0% |
| Shares Outstanding (Mil) | 62 | 62 | 0.9% |
| Cumulative Contribution | -1.4% |
Market Drivers
7/31/2026 to 10/31/2026| Return | Correlation | |
|---|---|---|
| OSK | -1.4% | |
| Market (SPY) | 1.2% | 35.9% |
| Sector (XLI) | -6.9% | 47.6% |
Fundamental Drivers
The -9.7% change in OSK stock from 4/30/2026 to 10/31/2026 was primarily driven by a -25.4% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 155.04 | 139.94 | -9.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,422 | 10,763 | 3.3% |
| Net Income Margin (%) | 6.2% | 4.6% | -25.4% |
| P/E Multiple | 15.2 | 17.4 | 14.5% |
| Shares Outstanding (Mil) | 63 | 62 | 2.3% |
| Cumulative Contribution | -9.7% |
Market Drivers
4/30/2026 to 10/31/2026| Return | Correlation | |
|---|---|---|
| OSK | -9.7% | |
| Market (SPY) | 5.4% | 36.8% |
| Sector (XLI) | -3.9% | 61.2% |
Fundamental Drivers
The 15.3% change in OSK stock from 10/31/2025 to 10/31/2026 was primarily driven by a 48.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.39 | 139.94 | 15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,332 | 10,763 | 4.2% |
| Net Income Margin (%) | 6.4% | 4.6% | -28.2% |
| P/E Multiple | 11.7 | 17.4 | 48.6% |
| Shares Outstanding (Mil) | 64 | 62 | 3.7% |
| Cumulative Contribution | 15.3% |
Market Drivers
10/31/2025 to 10/31/2026| Return | Correlation | |
|---|---|---|
| OSK | 15.3% | |
| Market (SPY) | 11.7% | 43.8% |
| Sector (XLI) | 8.9% | 68.7% |
Fundamental Drivers
The 67.0% change in OSK stock from 10/31/2023 to 10/31/2026 was primarily driven by a 70.3% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.81 | 139.94 | 67.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,395 | 10,763 | 14.6% |
| Net Income Margin (%) | 5.7% | 4.6% | -19.0% |
| P/E Multiple | 10.2 | 17.4 | 70.3% |
| Shares Outstanding (Mil) | 65 | 62 | 5.6% |
| Cumulative Contribution | 67.0% |
Market Drivers
10/31/2023 to 10/31/2026| Return | Correlation | |
|---|---|---|
| OSK | 67.0% | |
| Market (SPY) | 86.9% | 52.1% |
| Sector (XLI) | 77.0% | 68.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OSK Return | 33% | -20% | 25% | -11% | 34% | 13% | 78% |
| Peers Return | 19% | 19% | 24% | 6% | 24% | 11% | 157% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| OSK Win Rate | 67% | 42% | 50% | 58% | 50% | 60% | |
| Peers Win Rate | 58% | 50% | 55% | 58% | 57% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OSK Max Drawdown | -28% | -43% | -31% | -25% | -32% | -33% | |
| Peers Max Drawdown | -19% | -24% | -20% | -23% | -24% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 10/30/2026 (YTD)
How Low Can It Go
| Event | OSK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.8% | -18.8% |
| % Gain to Breakeven | 38.6% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.0% | -6.7% |
| % Gain to Breakeven | 25.0% | 7.1% |
| Time to Breakeven | 63 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.6% | -24.5% |
| % Gain to Breakeven | 60.3% | 32.4% |
| Time to Breakeven | 482 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.1% | -33.7% |
| % Gain to Breakeven | 72.7% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.0% | -19.2% |
| % Gain to Breakeven | 37.1% | 23.8% |
| Time to Breakeven | 84 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.3% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
In The Past
Oshkosh's stock fell -27.8% during the 2025 US Tariff Shock. Such a loss loss requires a 38.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | OSK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.8% | -18.8% |
| % Gain to Breakeven | 38.6% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.6% | -24.5% |
| % Gain to Breakeven | 60.3% | 32.4% |
| Time to Breakeven | 482 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.1% | -33.7% |
| % Gain to Breakeven | 72.7% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.0% | -19.2% |
| % Gain to Breakeven | 37.1% | 23.8% |
| Time to Breakeven | 84 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.3% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -37.4% | -6.8% |
| % Gain to Breakeven | 59.7% | 7.3% |
| Time to Breakeven | 78 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -51.8% | -17.9% |
| % Gain to Breakeven | 107.4% | 21.8% |
| Time to Breakeven | 379 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -31.3% | -15.4% |
| % Gain to Breakeven | 45.6% | 18.2% |
| Time to Breakeven | 1124 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -91.6% | -53.4% |
| % Gain to Breakeven | 1087.2% | 114.4% |
| Time to Breakeven | 1715 days | 1085 days |
In The Past
Oshkosh's stock fell -27.8% during the 2025 US Tariff Shock. Such a loss loss requires a 38.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Oshkosh (OSK)
Oshkosh Corporation (OSK) is a global manufacturer and marketer of a diverse range of specialty vehicles and vehicle bodies designed for demanding applications across various industries. One of its significant business areas, the Access Equipment segment, focuses on producing aerial work platforms and telehandlers primarily used in construction, industrial, institutional, and general maintenance. This segment also provides towing and recovery equipment and offers financing arrangements for rental fleets.
The company plays a critical role in defense and emergency services through two distinct segments. Its Defense segment is a key supplier to the Department of Defense, delivering heavy, medium, and light tactical wheeled vehicles along with related services. The Fire & Emergency segment manufactures a comprehensive suite of custom and commercial firefighting vehicles, such as pumpers, aerial platforms, and rescue vehicles, serving municipalities and emergency response units. It also produces specialized vehicles for aircraft rescue and firefighting, snow removal, and other public safety applications.
Finally, Oshkosh's Commercial segment addresses essential infrastructure and service needs by producing front- and rear-discharge concrete mixers for the ready-mix industry, and refuse collection vehicles for commercial and municipal waste haulers. This segment also supplies field service vehicles and truck-mounted cranes that support industries like construction, utility, mining, and railroad. Oshkosh distributes its products worldwide through a network of direct sales representatives, dealers, and distributors.
AI Analysis | Feedback
- The 3M (MMM) of heavy-duty, specialized vehicles.
- Like Caterpillar (CAT), but for specialized military, emergency, and industrial vehicles.
AI Analysis | Feedback
- 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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
AI Analysis | Feedback
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.
```AI Analysis | Feedback
-
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.
-
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.
-
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.
AI Analysis | Feedback
AI Analysis | Feedback
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.
AI Analysis | Feedback
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:
- 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.
- 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.
- 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.
- 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.
AI Analysis | Feedback
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.
Peer Outperformance in Construction Machinery & Heavy Transportation Equipment
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| OSK | Oshkosh | 4.8% | 17.4x | 15.3% | 64.6% | 42.1% | — |
| CAT | Caterpillar | 5.3% | 26.4x | 8.5% | 178.7% | 230.8% | +189pp |
| CMI | Cummins | 2.6% | 25.4x | 15.9% | 143.7% | 133.8% | +92pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 55.0% | 55.3% | 159.8% | MATX 186% · KEX 175% |
| Construction & Engineering | 29 | -7.3% | 104.5% | 152.2% | STRL 1339% · FIX 1275% · AGX 809% |
| Construction Machinery & Heavy Transportation Equipment ← | 13 | 12.1% | 64.6% | 104.9% | ALSN 249% · CAT 231% · WAB 217% |
| Aerospace & Defense | 52 | -12.4% | 64.5% | 67.6% | ATI 929% · FTAI 906% · HWM 581% |
| Trading Companies & Distributors | 19 | 20.7% | 36.0% | 61.7% | DXPE 429% · URI 221% · AIT 215% |
| Diversified Support Services | 34 | 18.8% | 42.8% | 35.8% | CXW 259% · OPLN 166% · CACI 135% |
| Industrial Machinery & Supplies & Components | 72 | 4.2% | 51.0% | 35.8% | CRS 865% · MLI 344% · SYM 280% |
| Rail Transportation | 7 | 30.8% | 59.2% | 29.9% | CSX 54% · UNP 41% · NSC 30% |
| Building Products | 32 | -8.3% | 11.6% | 22.5% | GFF 363% · TT 141% · JCI 124% |
| Electrical Components & Equipment | 37 | -8.0% | 75.7% | 17.1% | POWL 1863% · VRT 810% · BE 550% |
| Cargo Ground Transportation | 16 | 32.0% | 6.7% | 11.9% | R 275% · XPO 263% · ARCB 43% |
| Industrial Conglomerates | 17 | 15.6% | 3.5% | 2.4% | CSW 111% · DD 85% · CSL 78% |
| Office Services & Supplies | 9 | 24.8% | 20.6% | -9.3% | PBI 186% · TILE 161% · HNI 55% |
| Data Processing & Outsourced Services | 6 | -19.2% | -0.1% | -15.9% | EXLS 69% · BR 10% · G -13% |
| Security & Alarm Services | 9 | -52.4% | 22.1% | -17.6% | BCO 58% |
| Agricultural & Farm Machinery | 16 | 9.2% | -6.1% | -19.6% | DE 111% · TTC 23% · AGCO 5% |
| Environmental & Facilities Services | 29 | -28.8% | 34.2% | -25.0% | GEO 249% · CLH 168% · RSG 93% |
| Research & Consulting Services | 13 | 4.5% | -12.9% | -25.4% | HURN 288% · FCN 27% · BAH 12% |
| Passenger Airlines | 11 | -3.5% | 55.0% | -32.4% | LTM 2856% · UAL 126% · DAL 113% |
| Passenger Ground Transportation | 3 | -21.0% | 48.9% | -34.4% | UBER 49% · CAR -34% · LYFT -65% |
| Air Freight & Logistics | 12 | -18.8% | -8.1% | -39.3% | FDX 84% · EXPD 71% · CHRW 45% |
| Human Resource & Employment Services | 22 | 19.9% | -5.2% | -42.8% | ADP 46% · FA 28% · PAYX 6% |
| Airport Services | 4 | -53.3% | -60.0% | -85.9% | JOBY -44% |
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 256.27 |
| Mkt Cap | 77.3 |
| Rev LTM | 42,800 |
| Op Inc LTM | 4,493 |
| FCF LTM | 3,972 |
| FCF 3Y Avg | 3,501 |
| CFO LTM | 5,485 |
| CFO 3Y Avg | 4,823 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.8% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | 15.9% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Inc Chg LTM | 9.3% |
| Op Inc Chg 3Y Avg | 3.0% |
| Op Mgn LTM | 10.6% |
| Op Mgn 3Y Avg | 10.5% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 10.7% |
| FCF/Rev LTM | 9.5% |
| FCF/Rev 3Y Avg | 8.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 77.3 |
| P/S | 1.8 |
| P/Op Inc | 16.5 |
| P/EBIT | 16.8 |
| P/E | 22.1 |
| P/CFO | 14.1 |
| Total Yield | 6.5% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.3% |
| 3M Rtn | -6.7% |
| 6M Rtn | -9.2% |
| 12M Rtn | 12.6% |
| 3Y Rtn | 57.5% |
| 1M Excs Rtn | 3.3% |
| 3M Excs Rtn | -11.1% |
| 6M Excs Rtn | -16.3% |
| 12M Excs Rtn | -3.5% |
| 3Y Excs Rtn | -26.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Access | 4,494 | 5,165 | 4,990 | 3,972 | 3,067 |
| Vocational | 3,727 | 3,310 | 2,578 | 2,176 | |
| Transport | 2,097 | 2,155 | 2,001 | 2,059 | 2,524 |
| Corporate and other | 104 | 100 | 88 | 75 | |
| Commercial | 934 | ||||
| Eliminations | 1 | ||||
| Fire & Emergency | 1,212 | ||||
| Total | 10,422 | 10,730 | 9,658 | 8,282 | 7,737 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Vocational | 547 | 397 | 186 | 154 | |
| Access | 502 | 805 | 739 | 313 | 249 |
| Transport | 78 | 51 | 88 | 53 | 198 |
| Corporate and other | -187 | -243 | -174 | -148 | |
| Commercial | 71 | ||||
| Corporate and intersegment eliminations | -147 | ||||
| Fire & Emergency | 174 | ||||
| Total | 939 | 1,011 | 838 | 372 | 545 |
| $ Mil | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Access | 3,484 | 3,034 | 2,894 | 2,973 | 2,829 |
| Transport | 2,067 | 1,158 | 1,086 | 890 | 829 |
| Corporate and intersegment eliminations | 1,050 | 1,731 | 854 | 683 | 661 |
| Fire & Emergency | 612 | 536 | 564 | 588 | 565 |
| Commercial | 516 | 433 | 418 | 432 | 410 |
| Total | 7,729 | 6,892 | 5,816 | 5,566 | 5,294 |
Price Behavior
| Market Price | $139.94 | |
| Market Cap ($ Bil) | 8.7 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -20.7% | |
| 50 Days | 200 Days | |
| DMA Price | $139.85 | $145.67 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 0.1% | -3.9% |
| 3M | 1YR | |
| Volatility | 32.4% | 39.2% |
| Downside Capture | 223.20 | 148.47 |
| Upside Capture | 167.01 | 141.88 |
| Correlation (S&P 500) | 40.5% | 45.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.50 | 0.68 | 1.11 | 1.17 | 1.34 | 1.25 |
| Up Beta | -3.31 | -2.76 | 0.50 | 0.79 | 1.56 | 1.31 |
| Down Beta | -1.05 | -1.21 | -0.87 | 0.58 | 0.78 | 1.19 |
| Up Capture | 225% | 152% | 181% | 135% | 179% | 175% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 12 | 19 | 32 | 66 | 125 | 381 |
| Down Capture | 68% | 192% | 177% | 153% | 127% | 106% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 24 | 32 | 60 | 125 | 369 |
[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 | |
|---|---|---|---|---|
| OSK | 13.9% | 39.2% | 0.41 | - |
| Sector ETF (XLI) | 8.9% | 17.3% | 0.32 | 68.7% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 43.9% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | 30.4% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -16.6% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | 28.8% |
| Bitcoin (BTCUSD) | -30.0% | 43.5% | -0.70 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OSK | |
|---|---|---|---|---|
| OSK | 7.6% | 34.7% | 0.27 | - |
| Sector ETF (XLI) | 11.4% | 17.6% | 0.48 | 69.0% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 55.6% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | 13.3% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 9.6% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 44.3% |
| Bitcoin (BTCUSD) | 4.9% | 51.6% | 0.28 | 23.4% |
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 | |
|---|---|---|---|---|
| OSK | 11.9% | 35.3% | 0.41 | - |
| Sector ETF (XLI) | 13.2% | 20.1% | 0.58 | 72.3% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 59.6% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | 6.5% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 21.3% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 45.6% |
| Bitcoin (BTCUSD) | 61.8% | 66.2% | 1.02 | 13.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/1/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -1.9% | ||
| 7/28/2026 | -1.6% | -4.3% | 0.5% |
| 5/8/2026 | -9.9% | -17.6% | -13.8% |
| 1/29/2026 | -0.6% | 14.2% | 16.7% |
| 10/29/2025 | -9.2% | -12.4% | -7.2% |
| 8/1/2025 | 3.2% | 6.9% | 10.5% |
| 4/30/2025 | -5.1% | 0.0% | 14.3% |
| 1/30/2025 | 18.4% | 15.7% | 7.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 12 |
| # Negative | 14 | 10 | 11 |
| Median Positive | 3.3% | 3.3% | 10.4% |
| Median Negative | -2.0% | -6.2% | -5.2% |
| Max Positive | 18.4% | 15.7% | 17.7% |
| Max Negative | -9.9% | -17.6% | -13.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -1.9% | ||
| 7/28/2026 | -1.6% | -4.3% | 0.5% |
| 5/8/2026 | -9.9% | -17.6% | -13.8% |
| 1/29/2026 | -0.6% | 14.2% | 16.7% |
| 10/29/2025 | -9.2% | -12.4% | -7.2% |
| 8/1/2025 | 3.2% | 6.9% | 10.5% |
| 4/30/2025 | -5.1% | 0.0% | 14.3% |
| 1/30/2025 | 18.4% | 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% |
| 1/30/2024 | 1.0% | -0.6% | -2.5% |
| 10/26/2023 | 3.5% | 2.5% | 12.1% |
| 8/1/2023 | 10.1% | 15.3% | 11.2% |
| 4/27/2023 | 0.2% | 2.4% | -2.4% |
| 1/31/2023 | 0.3% | 3.7% | -9.6% |
| 10/27/2022 | 0.3% | 1.0% | 10.3% |
| 7/28/2022 | -6.2% | -6.7% | -5.2% |
| 4/27/2022 | -0.1% | 0.2% | -2.9% |
| 1/26/2022 | -0.7% | -0.7% | -9.6% |
| 10/28/2021 | 4.4% | 8.1% | 8.4% |
| 7/29/2021 | -1.7% | -5.7% | -4.6% |
| 4/28/2021 | 4.0% | 3.3% | 6.1% |
| 1/27/2021 | -2.9% | 2.0% | 17.7% |
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 12 |
| # Negative | 14 | 10 | 11 |
| Median Positive | 3.3% | 3.3% | 10.4% |
| Median Negative | -2.0% | -6.2% | -5.2% |
| Max Positive | 18.4% | 15.7% | 17.7% |
| Max Negative | -9.9% | -17.6% | -13.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 01/26/2022 | 10-QT |
| 09/30/2021 | 11/16/2021 | 10-K |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 01/27/2021 | 10-Q |
| 09/30/2020 | 11/18/2020 | 10-K |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 04/29/2020 | 10-Q |
| 12/31/2019 | 01/29/2020 | 10-Q |
Recent Forward Guidance
Updated 10/30/2026Latest: Q3 2026 Earnings Reported 10/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Quarterly Cash Dividend per Share | Reported | 0.57 | ||||||
| 2026 Net Sales | Reported | 11.00 Bil | -1.8% | Lowered | Guidance: 11.20 Bil for 2026 | |||
| 2026 Amortization of purchased intangibles, net of tax per share | Reported | 0.7 | ||||||
| 2026 Reserve on prior divestiture-related note receivable, net of tax per share | Reported | 0.07 | ||||||
| 2026 Expiration of foreign anti-hybrid tax matter per share | Reported | -0.27 | ||||||
| 2026 Diluted EPS | Reported | 8 | 8.5 | 9 | -19.0% | Lowered | Guidance: 10.5 for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 8.5 | 9 | 9.5 | -18.2% | Lowered | Guidance: 11 for 2026 | |
Prior: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 11.20 Bil | 1.8% | Raised | Guidance: 11.00 Bil for 2026 | |||
| 2026 EPS | Reported | 10.5 | -3.7% | Lowered | Guidance: 10.9 for 2026 | |||
| 2026 Adjusted EPS | Reported | 11 | -4.3% | Lowered | Guidance: 11.5 for 2026 | |||
Q1 2026 Earnings Reported 5/8/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 11.00 Bil | 0 | Affirmed | Guidance: 11.00 Bil for 2026 | |||
| 2026 EPS | Reported | 10.9 | 0 | Affirmed | Guidance: 10.9 for 2026 | |||
| 2026 Adjusted EPS | Reported | 11.5 | 0 | Affirmed | Guidance: 11.5 for 2026 | |||
Q4 2025 Earnings Reported 1/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 11.00 Bil | 6.3% | Higher New | Guidance: 10.35 Bil for 2025 | |||
| 2026 EPS | Reported | 10.9 | 9.0% | Higher New | Guidance: 10 for 2025 | |||
| 2026 Adjusted EPS | Reported | 11.5 | 7.0% | Higher New | Guidance: 10.75 for 2025 | |||
Insider Activity
Updated 9/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pfeifer, John C | Direct | Sell | 9152026 | 150.00 | 778 | 116,700 | 22,600,286 | Form | |
| 2 | Palmer, Duncan | Direct | Sell | 5132026 | 133.86 | 505 | 67,599 | 5,312,110 | Form | |
| 3 | Khare, Anupam | SVP/Chief Information Officer | Direct | Sell | 3022026 | 169.07 | 4,000 | 676,262 | 2,295,465 | Form |
| 4 | Verich, John S | SVP Bus Devl and Treasurer | Direct | Sell | 2232026 | 176.99 | 1,050 | 185,834 | 1,231,629 | Form |
| 5 | Cortina, Ignacio A | EVP, CL&AO & Secretary | Direct | Sell | 11242025 | 124.41 | 8,000 | 995,280 | 5,661,353 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pfeifer, John C | Direct | Sell | 9152026 | 150.00 | 778 | 116,700 | 22,600,286 | Form | |
| 2 | Palmer, Duncan | Direct | Sell | 5132026 | 133.86 | 505 | 67,599 | 5,312,110 | Form | |
| 3 | Khare, Anupam | SVP/Chief Information Officer | Direct | Sell | 3022026 | 169.07 | 4,000 | 676,262 | 2,295,465 | Form |
| 4 | Verich, John S | SVP Bus Devl and Treasurer | Direct | Sell | 2232026 | 176.99 | 1,050 | 185,834 | 1,231,629 | Form |
| 5 | Cortina, Ignacio A | EVP, CL&AO & Secretary | Direct | Sell | 11242025 | 124.41 | 8,000 | 995,280 | 5,661,353 | Form |
Investor Activity (13F)
Updated Nov 1, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Oshkosh — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction Machinery & Heavy Transportation Equipment Resources |
| Equipment World |
| Construction Equipment |
| OEM Off-Highway |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.