Oshkosh (OSK) AI Stock Analysis

• Market Cap: $8.19B
• Dividend Yield: 1.58%
• Average Volume (3M): 760.56K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.29
• Revenue Growth: -2.28%
• EPS Growth: -0.53%
• Country: US
• Employees: 18,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 3.20
• Shares Outstanding: 63,254,320
• 10 Day Avg. Volume: 549,196
• 30 Day Avg. Volume: 760,562
• PEG Ratio: 0.68
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 23.16
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 5.09
• Enterprise Value/Ebitda: 7.82
• 1Y Price Target: $151.38
• Price Target Upside: 16.96% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 10.85
• Revenue Forecast (FY): $10.33B

• Rating: 71 Outperform
• Price Target: $138.00 ▲(6.62% Upside)

Oshkosh's overall stock score is driven by strong financial performance and reasonable valuation, offset by bearish technical indicators and mixed earnings call sentiment. The company's robust profitability and cash flow metrics provide stability, while the valuation suggests it is attractively priced. However, technical analysis indicates weak momentum, and the earnings call highlights some operational challenges.

Positive Factors

Cash Generation

Strong free cash flow growth indicates effective cash management and liquidity, enabling Oshkosh to invest in growth opportunities and weather economic fluctuations.

Innovative Product Launches

Introducing innovative products helps Oshkosh expand its market offerings and meet evolving customer needs, supporting long-term revenue growth and competitive positioning.

Vocational Segment Growth

Growth in the Vocational segment, driven by improved throughput and airport product demand, strengthens Oshkosh's market position and supports future profitability.

Negative Factors

Revenue Decline in Access Segment

A significant decline in Access segment sales due to weaker market conditions may impact overall revenue growth and necessitate strategic adjustments.

Tariff Impact

Tariff impacts increase costs and pressure margins, potentially affecting Oshkosh's pricing strategies and profitability in the long term.

NGDV Production Challenges

Production challenges in NGDV may delay revenue realization and affect Oshkosh's ability to meet demand, impacting future growth prospects.

Oshkosh Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Oshkosh generates revenue through multiple streams, primarily by selling specialty vehicles and equipment to government and commercial customers. The Defense segment is a significant revenue driver, as the company manufactures tactical wheeled vehicles for military applications, benefiting from government contracts and defense budgets. The Access Equipment segment contributes through the sale of aerial work platforms, which are used in construction and maintenance industries. Additionally, the Commercial segment focuses on producing vehicles for municipal and industrial applications, such as refuse collection and concrete mixing. Oshkosh also earns revenue through aftermarket parts and services, providing ongoing support for its products. Strategic partnerships with government entities, construction firms, and municipalities enhance its market reach and contribute to consistent revenue growth.

Oshkosh Financial Statement Overview

Summary

Oshkosh exhibits strong financial health with robust profitability and cash flow metrics. Despite a slight decline in revenue growth, the company maintains solid margins and a conservative leverage position, supporting its stability and potential for future growth.

Income Statement

Oshkosh's income statement shows a strong gross profit margin of 17.83% TTM, indicating efficient cost management. The net profit margin is stable at 6.45% TTM, reflecting consistent profitability. However, the revenue growth rate has declined by 0.51% TTM, which could be a concern if the trend continues. The EBIT and EBITDA margins are healthy at 9.47% and 11.59% TTM, respectively, suggesting robust operational performance.

Balance Sheet

The balance sheet reveals a manageable debt-to-equity ratio of 0.27 TTM, indicating a conservative leverage position. The return on equity stands at 15.34% TTM, showcasing effective use of equity to generate profits. The equity ratio is not explicitly provided, but the overall asset base appears solid, supporting financial stability.

Cash Flow

Cash flow analysis highlights a significant free cash flow growth rate of 32.62% TTM, demonstrating strong cash generation capabilities. The operating cash flow to net income ratio is 0.19 TTM, and the free cash flow to net income ratio is 0.65 TTM, indicating efficient cash conversion and solid liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.33B	10.73B	9.66B	8.28B	7.74B	6.86B
Gross Profit	1.84B	1.97B	1.68B	1.05B	1.27B	1.12B
EBITDA	1.20B	1.22B	1.03B	436.60M	697.50M	598.70M
Net Income	666.30M	681.40M	598.00M	173.90M	508.90M	321.50M
Balance Sheet
Total Assets	9.84B	9.42B	9.13B	7.73B	6.85B	5.82B
Cash, Cash Equivalents and Short-Term Investments	211.80M	204.90M	125.40M	805.90M	995.70M	582.90M
Total Debt	1.21B	961.80M	772.50M	604.70M	819.00M	823.10M
Total Liabilities	5.30B	5.27B	5.42B	4.54B	3.65B	2.97B
Stockholders Equity	4.54B	4.15B	3.71B	3.19B	3.20B	2.85B
Cash Flow
Free Cash Flow	781.00M	269.10M	274.30M	331.80M	1.11B	197.10M
Operating Cash Flow	974.10M	550.10M	599.60M	601.30M	1.22B	327.30M
Investing Cash Flow	-215.50M	-388.80M	-1.29B	-300.40M	-245.60M	-77.60M
Financing Cash Flow	-712.40M	-75.10M	3.40M	-485.00M	-180.40M	-115.50M

Oshkosh Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 129.43
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 129.43 is above the 20-day moving average (MA) of 124.91, above the 50-day MA of 128.39, and above the 200-day MA of 115.56, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 54.78 is Neutral, neither overbought nor oversold. The STOCH value of 87.06 is Negative, 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
OSK	71 Outperform	$8.19B	12.62	15.42%	1.58%	-2.28%	-0.53%
LNN	70 Outperform	$1.26B	17.53	14.61%	1.23%	11.41%	13.05%
TEX	70 Neutral	$3.27B	21.13	7.85%	1.36%	4.60%	-65.73%
ALG	67 Neutral	$2.00B	17.09	10.82%	0.73%	-2.73%	-2.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AGCO	59 Neutral	$7.85B	20.97	8.69%	1.10%	-20.09%	121.28%
CNH	55 Neutral	$11.77B	19.79	7.77%	2.65%	-18.10%	-65.24%

Oshkosh Corporate Events

Oshkosh Corporation Reports Steady Q3 2025 Performance

Oshkosh Corporation, a Wisconsin-based company, specializes in manufacturing purpose-built vehicles and equipment for various sectors, including defense, fire and emergency, and access equipment. In its third-quarter earnings report for 2025, Oshkosh Corporation announced sales of $2.69 billion and earnings per share of $3.04, with adjusted earnings per share at $3.20. The company also updated its 2025 earnings outlook, projecting adjusted earnings per share between $10.50 and $11.00.

Oshkosh Earnings Call: Mixed Sentiment Amid Growth

Oshkosh Corporation’s recent earnings call revealed a mixed sentiment among stakeholders. The company celebrated significant achievements such as improved operating margins and growth in its vocational segment. However, challenges like revenue declines in the Access segment, tariff impacts, and production issues with the Next Generation Delivery Vehicle (NGDV) were highlighted as areas of concern. Despite these hurdles, the company remains optimistic due to strong community engagement and innovative product launches.