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

$131.70-2.59(-0.02%)Pre-market

Market Cap

$9.00B

P/E

18.1x

P/S

0.8x

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: 62/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (9/25).

Profitability10/25

Growth9/25

Balance Sheet & Red Flags20/25

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 · 18.1x5y range 9.0x – 38.7x

Currently above its 20-quarter median.

P/S · 0.8x5y range 0.6x – 0.9x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.4x – 2.3x

Watch items

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

High Risk

Margin Pressure

Red Flag

Operating margins dropped 27.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

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

Price & Volume

Market Cap $9.00B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $10.76B
Q. Revenue: $2.84B
TTM EBITDA: $978.20M
TTM Op. Income: $734.30M
Q. Op. Income: $197.10M
TTM Net Income: $498.50M
Q. Net Income: $138.40M
EPS: N/A
Shares Out.: $61.85M

$10.76B in TTM revenue grew 4.2% YoY, reaching $2.84B last quarter. TTM EBITDA of $978.20M and TTM operating income of $734.30M show growth is flowing through to the bottom line. TTM net income of $498.50M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 15.5%
EBITDA Margin: 9.1%
Op. Margin: 6.9%
Net Margin: 4.9%

Op. margin of 6.9% is down 2.7% YoY — costs are rising relative to revenue. Net margin at 4.9% and gross margin of 15.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 28% — a weakening trend.

Price Ratios

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

P/E Ratio: 18.1x
P/S Ratio: 0.8x
P/B Ratio: 2.0x

At 18.1x P/E, the stock trades within typical market levels. P/S of 0.8x 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 3 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $10.26B
Cash: $558.00M
Long-Term Debt: $600.70M
Book Value: $4.55B
D/E Ratio: 0.1
Debt/EBITDA: 2.3

With $10.26B in assets and $600.70M in long-term debt, D/E is 0.1and book value is $4.55B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $319.90M
TTM Free Cash Flow: $973.50M
FCF Margin: 9.0%
FCF / Net Income: 2.0

TTM FCF of $973.50M on $319.90M in operating cash flow. The FCF / Net Income ratio of 2.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 25% — a weakening trend.