Oshkosh Corporation (Holding (OSK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Oshkosh Corporation (Holding

NYSE•Industrials•Farm & Heavy Construction Machinery

$157.08+0.72(<0.01%)Pre-market

Market Cap

$9.05B

P/E

16.3x

P/S

0.9x

P/B

2.0x

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. 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.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (10/25).

Profitability13/25

Growth10/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowLow leverageCash-backed earningsImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.3x5y range 9.0x – 33.2x

Currently above its 20-quarter median.

P/S · 0.9x5y range 0.6x – 1.1x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.4x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 19.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $9.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $10.61B
Q. Revenue: $2.92B
TTM EBITDA: $1.03B
TTM Op. Income: $797.60M
Q. Op. Income: $243.20M
TTM Net Income: $556.30M
Q. Net Income: $183.20M
EPS: N/A
Shares Out.: $62.44M

$10.61B in TTM revenue grew 2.2% YoY, reaching $2.92B last quarter. TTM EBITDA of $1.03B and TTM operating income of $797.60M show growth is flowing through to the bottom line. TTM net income of $556.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.5%
EBITDA Margin: 10.5%
Op. Margin: 8.3%
Net Margin: 6.3%

Op. margin of 8.3% is down 2.3% YoY — costs are rising relative to revenue. Net margin at 6.3% and gross margin of 16.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 22% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.3x
P/S Ratio: 0.9x
P/B Ratio: 2.0x

At 16.3x P/E, the stock trades within typical market levels. P/S of 0.9x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.05B
Cash: $403.60M
Long-Term Debt: $600.60M
Book Value: $4.53B
D/E Ratio: 0.1
Debt/EBITDA: 2.0

With $10.05B in assets and $600.60M in long-term debt, D/E is 0.1and book value is $4.53B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $374.30M
TTM Free Cash Flow: $1.16B
FCF Margin: 11.0%
FCF / Net Income: 2.1

TTM FCF of $1.16B on $374.30M in operating cash flow. The FCF / Net Income ratio of 2.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.