Oshkosh Corporation
Rank #381HypergrowthOSK · NYSE · Industrials
Oshkosh Corporation (OSK) — Rank #381 by gross profitability (GP/assets 0.18) · ROE 14.5% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000775158 · all metrics point-in-time as of the filing date.
About
Oshkosh Corporation provides purpose-built vehicles and equipment worldwide.
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The company operates through three segments: Access, Vocational, and Transport segment. The Access segment designs and manufactures aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides financing and leasing solutions, including rental fleet loans, leases, and floor plan and retail financing. This segment also offers equipment installation and sale of chassis and service parts, as well as offers parts and accessories. The Transport segment engages in the manufacture and sale of heavy, medium, and light tactical wheeled vehicles and related services for defense; and hauling combat vehicles, missile systems, ammunition, fuel, and troops and cargos. The Vocational segment offers custom and commercial firefighting equipment, fire apparatus, and emergency vehicles, including pumpers, aerial platform, ladder and tiller trucks, and tankers; light, medium, and heavy-duty rescue vehicles; and wildland rough terrain response other emergency response vehicles. This segment also produces and sells aircraft rescue and firefighting vehicles; airport ground support equipment; baggage, airport facility and operations, and equipment-monitoring technology services; refuse and recycling collection vehicles and components; and IMT-branded field service vehicles and truck-mounted cranes, frontline communications-branded simulators, command vehicles and other communication vehicles, and front-discharge concrete mixer vehicles. The company sells its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation.
Oshkosh Corporation was founded in 1915 and is headquartered in Oshkosh, Wisconsin.
- Industry
- Farm & Heavy Construction Machinery
- Sector
- Industrials
- State
- WI
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- oshkoshcorp.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$8.92B
P/E (annual)
—
P/S (annual)
0.9
P/B
2.0
P/OCF (annual)
11.4
Shareholder Yield
16.3%
Employees
18,000
Industry
Farm & Heavy Construction Machinery
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
4.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -14.8% — per-share value needs a total required return of -10.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 12.8%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
0.7%
r = 10% (base)
4.8%
r = 12%
8.4%
Net debt / market cap: 9.7%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.18
Primary signal (Novy-Marx).
43rd pctl of 22 SIC 37 peers
Return on equity
14.5%
Gross margin
17.5%
29th pctl of 22 SIC 37 peers
Revenue growth (YoY)
52.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2018 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
8.0%
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
21.1%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.23
35th pctl of 21 SIC 37 peers (best = lowest)
Current ratio
1.63×
19th pctl of 22 SIC 37 peers
Quick ratio
0.56×
Net cash
-$896.50M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$571.60M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.12
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.4%
Stock-based comp intensity.
Dividend safety
Composite score
2.8 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).