Oshkosh (OSK) AI Stock Analysis

• Market Cap: $8.14B
• Dividend Yield: 1.55%
• Average Volume (3M): 756.37K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.27
• Revenue Growth: 5.95%
• EPS Growth: -10.59%
• Country: US
• Employees: 18,000
• Sector: Industrials
• Sector Strength: 86
• Industry: Agricultural - Machinery
• EPS (TTM): 3.41
• Shares Outstanding: 64,373,090
• 10 Day Avg. Volume: 617,470
• 30 Day Avg. Volume: 756,368
• PEG Ratio: -1.35
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.31
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 0.22
• Enterprise Value/Gross Profit: 4.84
• Enterprise Value/Ebitda: 1.86
• 1Y Price Target: $128.64
• Price Target Upside: 1.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 77 Outperform
• Price Target: $126.00 ▼(-0.42%Downside)

Oshkosh's overall stock score reflects its strong financial performance and effective earnings call strategies, despite challenges from tariffs and defense segment issues. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The stock's valuation remains attractive, supporting its potential for continued growth.

Positive Factors

Financial Targets

OSK issued better than expected 2028 financial targets and outlined investments to continue to improve the portfolio's resiliency and reduce cyclicality.

Upgraded Stock Rating

The upgrade of OSK to Buy from Neutral reflects an expected 16% upside, aligning with the sector upgrade to Machinery.

Negative Factors

Macroeconomic Risks

Macroeconomic factors, tariffs, and competition remain a near-term risk capping OSK's share performance.

Tariff Risks

Consensus estimates now include tariff risks, which could impact financial performance.

Oshkosh Business Overview & Revenue Model

Company Description

Oshkosh Corporation (OSK) is a leading designer and manufacturer of a wide range of specialty vehicles and vehicle bodies. The company operates primarily in four sectors: Access Equipment, Defense, Fire & Emergency, and Commercial. Oshkosh is renowned for its robust and innovative product lineup which includes aerial work platforms, specialty military vehicles, fire trucks, and concrete mixers. With operations spanning the globe, Oshkosh serves both governmental and private sector customers, delivering high-quality solutions engineered to meet the demanding requirements of their clients.

How the Company Makes Money

Oshkosh Corporation generates revenue through the design, manufacture, and sale of a diverse array of specialty vehicles and vehicle bodies across its four key business segments. The Access Equipment segment, which includes brands like JLG, provides substantial revenue through the sale and lease of aerial work platforms and telehandlers. The Defense segment secures significant earnings by supplying tactical wheeled vehicles to the U.S. Department of Defense and other international military customers. The Fire & Emergency segment contributes to the company's income by producing and selling fire trucks and emergency vehicles, while the Commercial segment adds to earnings through the sale of concrete mixers, refuse collection vehicles, and other related products. Additionally, Oshkosh benefits from aftermarket parts and service sales, which provide a steady stream of recurring revenue. Strategic partnerships and long-term contracts with government entities and large industrial clients also play a crucial role in sustaining and growing the company's financial performance.

Oshkosh Financial Statement Overview

Summary

Oshkosh is in a strong financial position, with robust profitability and effective cash flow management. The income statement highlights strong revenue and profit growth, while the balance sheet reflects a stable equity base despite increasing leverage. Cash flow statements indicate sustained cash generation, although monitoring of cash flow trends is advised.

Income Statement

Oshkosh has demonstrated strong financial performance in the TTM (Trailing-Twelve-Months) with a robust gross profit margin of 17.96% and a solid net profit margin of 5.85%. Revenue growth has been steady, with an increase from $9.65 billion in 2023 to $10.73 billion in 2024, and further to $10.50 billion in TTM. The company's EBIT and EBITDA margins are healthy at 9.31% and 11.36%, respectively. Overall, the income statement reflects strong profitability and effective cost management.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.35, indicating moderate leverage. The return on equity (ROE) is a strong 14.50%, reflecting efficient use of shareholder funds. An equity ratio of 43.38% suggests a solid equity base supporting assets. However, the increase in total debt from $961.8 million in 2024 to $1.48 billion in TTM indicates a rise in leverage, which could pose future risks.

Cash Flow

Oshkosh's cash flow position is strong, with a consistent generation of free cash flow, reflecting a growth rate of 7.69% from 2024 to TTM. The operating cash flow to net income ratio stands at 0.83, and the free cash flow to net income ratio is 0.47, highlighting effective cash generation relative to profitability. However, a decrease in operating cash flow from $599.6 million in 2023 to $511 million in TTM warrants attention for future cash flow management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	10.73B	9.65B	8.28B	7.74B	6.86B
Gross Profit	1.97B	1.77B	1.05B	1.22B	1.12B
EBITDA	1.22B	988.70M	444.30M	650.10M	602.60M
Net Income	681.40M	598.00M	173.90M	472.70M	324.50M
Balance Sheet
Total Assets	9.42B	9.13B	7.73B	6.89B	5.82B
Cash, Cash Equivalents and Short-Term Investments	204.90M	125.40M	805.90M	1.38B	582.90M
Total Debt	961.80M	1.08B	604.70M	818.80M	823.10M
Total Liabilities	5.27B	5.42B	4.54B	3.64B	2.97B
Stockholders Equity	4.15B	3.71B	3.19B	3.25B	2.85B
Cash Flow
Free Cash Flow	269.10M	274.30M	321.60M	1.11B	197.10M
Operating Cash Flow	550.10M	599.60M	601.30M	1.22B	327.30M
Investing Cash Flow	-388.80M	-1.29B	-300.40M	-245.60M	-77.60M
Financing Cash Flow	-75.10M	3.40M	-485.00M	-180.40M	-115.50M

Oshkosh Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 126.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OSK, the sentiment is Positive. The current price of 126.53 is above the 20-day moving average (MA) of 125.54, above the 50-day MA of 114.71, and above the 200-day MA of 102.76, indicating a bullish trend. The MACD of 3.56 indicates Positive momentum. The RSI at 62.30 is Neutral, neither overbought nor oversold. The STOCH value of 47.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OSK.

Oshkosh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REVG	78 Outperform	$2.42B	26.57	34.41%	0.46%	-9.50%	-54.36%
OSK	77 Outperform	$8.14B	13.51	15.24%	1.55%	5.95%	-10.59%
TEX	75 Outperform	$3.30B	13.72	9.45%	1.35%	-0.35%	-63.44%
LNN	73 Outperform	$1.49B	19.65	15.06%	1.06%	9.46%	5.91%
ALG	72 Outperform	$2.62B	22.59	11.48%	0.52%	-6.43%	-14.68%
Sector *	65 Neutral	$10.84B	16.29	5.52%	2.09%	3.14%	-29.96%
ASTE	63 Neutral	$919.02M	61.11	2.33%	1.29%	1.99%	-39.02%

Oshkosh Corporate Events

Oshkosh Finalizes Board Elections and Auditor Approval

On May 6, 2025, Oshkosh Corporation held its Annual Meeting of Shareholders, where the election results for board directors were finalized. The shareholders elected several directors for terms expiring in 2026 and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. Additionally, a nonbinding resolution approving the compensation of the company’s named executive officers was passed.