Oshkosh Corporation (OSK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.61	$2.87	+10.0%	—	$2.9B	—
Q1 26	$1.04	$0.85	-18.3%	—	$2.3B	—
Q4 25	$2.31	$2.26	-2.2%	—	$2.7B	—
Q3 25	$3.1	$3.2	+3.2%	—	$2.7B	—
Q2 25	$2.95	$3.41	+15.6%	—	$2.7B	—
Q1 25	$2.04	$1.92	-5.9%	—	$2.3B	—
Q4 24	$2.18	$2.58	+18.3%	—	$2.6B	—
Q3 24	$2.91	$2.93	+0.7%	—	$2.7B	—
Q2 24	$3.01	$3.34	+11.0%	—	$2.8B	—
Q1 24	$2.25	$2.89	+28.4%	—	$2.5B	—
Q4 23	$2.24	$2.56	+14.3%	—	$2.5B	—
Q3 23	$2.22	$3.04	+36.9%	—	$2.5B	—
Q2 23	$1.62	$2.69	+66.0%	—	$2.4B	—
Q1 23	$1.03	$1.59	+54.4%	—	$2.3B	—
Q4 22	$1.73	$1.6	-7.5%	—	$2.2B	—
Q3 22	$1.18	$1	-15.3%	—	$2.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.1	—	—	$10.4B	—
FY24	—	$10.4	—	—	$10.7B	—
FY23	—	$9.15	—	—	$9.7B	—
FY22	—	$2.65	—	—	$8.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.3B	$6.8B	$7.7B	$8.4B	$6.9B	$7.7B	$8.3B	$9.7B	$10.7B	$10.4B
YoY change	+2.97%	+8.77%	+12.8%	+8.78%	-18.2%	+12.8%	+7.04%	+16.6%	+11.1%	-2.87%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.3B	6.8B	7.7B	8.4B	6.9B	7.7B	8.3B	9.7B	10.7B	10.4B
Cost of revenue	5.2B	5.6B	6.3B	6.9B	5.7B	6.5B	7.2B	8B	8.8B	8.6B
Gross profit	1.1B	1.2B	1.4B	1.5B	1.1B	1.3B	1.1B	1.7B	2B	1.8B
Gross margin	16.8%	17.3%	17.6%	18.1%	16.3%	16.4%	12.7%	17.4%	18.4%	17.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	612.4M	664.7M	664.3M	683.5M	620.6M	666.5M	662.8M	810.4M	852.4M	818.7M
Operating expenses	612.4M	664.7M	664.3M	683.5M	620.6M	666.5M	662.8M	810.4M	852.4M	818.7M
Operating income	390.9M	470.3M	656M	797M	484.8M	592.1M	380M	837.6M	1.1B	945.2M
Operating margin	6.23%	6.89%	8.51%	9.51%	7.07%	7.65%	4.59%	8.67%	9.9%	9.07%
Non-operating income, net	-25.6M	-4.1M	-5.8M	1.3M	2.2M	-2.1M	-60.5M	13.8M	-47.4M	5.7M
Pretax income	307M	411.3M	594.6M	750.7M	435.2M	545.3M	275.6M	797.6M	903M	842M
Income tax	92.4M	127.2M	123.8M	171.3M	111.9M	36.4M	97.5M	190M	210M	191.5M
Net income	216.4M	285.6M	471.9M	579.4M	321.5M	508.9M	173.9M	598M	681.4M	647M
Net margin	3.45%	4.18%	6.12%	6.91%	4.69%	6.58%	2.1%	6.19%	6.35%	6.21%
EBITDA	523.1M	601.4M	786M	920.3M	598.7M	697.5M	444.3M	1B	1.3B	1.2B
EPS	2.94	3.82	6.38	8.3	4.76	6.9	2.65	9.15	10.4	10.1
Diluted EPS	2.91	3.77	6.29	8.21	4.72	6.83	2.63	9.08	10.3	10

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.5B	2.5B	2.5B	2.8B	2.7B	2.6B	2.3B	2.7B	2.7B	2.7B	2.3B	2.9B
Cost of revenue	2B	2B	2.1B	2.3B	2.2B	2.2B	1.9B	2.2B	2.2B	2.3B	2B	2.4B
Gross profit	468.1M	454.4M	470M	546.1M	506M	447.3M	399.9M	524.5M	470.5M	424.1M	311.9M	480.3M
Gross margin	18.7%	18.4%	18.5%	19.2%	18.5%	17.2%	17.3%	19.2%	17.5%	15.8%	13.5%	16.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	201.6M	224.3M	196.8M	220M	226.4M	209.2M	211M	213.3M	196.2M	198.2M	215.6M	222.7M
Operating expenses	201.6M	224.3M	196.8M	220M	226.4M	209.2M	211M	213.3M	196.2M	198.2M	215.6M	222.7M
Operating income	256.5M	215.4M	259.7M	312.5M	266.2M	223.9M	175.4M	297.4M	260.4M	212M	82M	243.2M
Operating margin	10.2%	8.73%	10.2%	11%	9.71%	8.62%	7.58%	10.9%	9.69%	7.88%	3.54%	8.34%
Non-operating income, net	2.6M	600K	-2M	-53.1M	3.6M	4.1M	500K	1.6M	6.1M	-2.5M	-2M	3.7M
Pretax income	241.4M	195.2M	236.9M	229.1M	238.1M	198.9M	150.9M	270.9M	238.4M	181.8M	54.7M	219.7M
Income tax	55.3M	44.2M	54.7M	53.5M	56.6M	45.2M	36.8M	65.2M	41.7M	47.8M	10.5M	37.2M
Net income	183.7M	150.8M	179.4M	168.6M	180.3M	153.1M	112.2M	204.8M	196.2M	133.8M	43.1M	183.2M
Net margin	7.32%	6.11%	7.05%	5.92%	6.58%	5.89%	4.85%	7.5%	7.3%	4.98%	1.86%	6.28%
EBITDA	301.3M	272.8M	305.9M	360.6M	323.6M	284.1M	231.5M	362.6M	325.3M	270M	145.1M	312.6M
EPS	2.81	2.3	2.73	2.57	2.76	2.35	1.73	3.17	3.06	2.11	0.69	2.93
Diluted EPS	2.79	2.28	2.71	2.56	2.75	2.33	1.72	3.16	3.04	2.1	0.68	2.92

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.1B	6.2B	5.3B	5.3B	5B	7B	5.8B	7.1B	6.2B	8.1B	8.3B
Enterprise value	4.6B	6.5B	5.6B	5.7B	5.2B	6.5B	5.6B	7.7B	7B	8.7B	8.9B
Shares outstanding	73.6M	74.7M	74M	69.8M	68.1M	68.5M	65.7M	65.4M	65.5M	64.2M	64.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19	21.6	11.2	9.13	15.6	13.8	33.3	11.9	9.13	12.5	15.2
P/S	0.66	0.9	0.68	0.63	0.73	0.91	0.7	0.73	0.58	0.77	0.78
P/B	2.08	2.67	2.1	2.04	1.76	2.09	1.82	1.91	1.5	1.78	1.81
EV/EBITDA	8.88	10.9	7.17	6.15	8.77	9.25	12.6	7.54	5.48	7.3	8.53
EV/Sales	0.74	0.96	0.73	0.68	0.77	0.83	0.68	0.8	0.65	0.83	0.84
Earnings yield	5.25%	4.63%	8.95%	10.9%	6.42%	7.26%	3%	8.44%	10.9%	8.02%	6.57%
FCF yield	11.1%	2.16%	6.38%	7.45%	3.93%	15.8%	5.73%	3.87%	4.32%	7.09%	8.87%
PEG	—	—	—	—	—	—	—	—	—	—	-2.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.8%	17.3%	17.6%	18.1%	16.3%	16.4%	12.7%	17.4%	18.4%	17.5%	16.5%
Operating margin	6.23%	6.89%	8.51%	9.51%	7.07%	7.65%	4.59%	8.67%	9.9%	9.07%	8.4%
Net margin	3.45%	4.18%	6.12%	6.91%	4.69%	6.58%	2.1%	6.19%	6.35%	6.21%	5.24%
ROE	10.9%	12.4%	18.8%	22.3%	11.3%	15.2%	5.46%	16.1%	16.4%	14.3%	12.4%
ROA	4.79%	5.6%	8.91%	10.4%	5.53%	7.23%	2.25%	6.55%	7.23%	6.42%	5.01%
ROIC	10.9%	12.1%	18.1%	20.7%	11.7%	19.7%	8.23%	14.7%	16.6%	14.2%	12.2%
Return on tangible assets	15.5%	13.9%	20.2%	21.4%	10.9%	12.7%	3.68%	12.9%	13.5%	11.3%	9.65%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.77	1.81	1.93	1.96	2.23	2.12	1.87	1.45	1.52	1.94	1.72
Quick ratio	1.05	1.09	1.21	1.24	1.28	1.46	1.1	0.76	0.76	1.05	0.96
Debt / equity	0.43	0.36	0.33	0.32	0.29	0.24	0.19	0.21	0.23	0.24	0.24
Debt / assets	0.19	0.16	0.15	0.15	0.14	0.12	0.08	0.08	0.1	0.11	0.11
Net debt / EBITDA	1	0.64	0.46	0.4	0.4	-0.8	-0.45	0.63	0.59	0.52	0.66
Interest coverage	6.08	7.88	9.39	14.8	8.34	12.3	6.16	12.6	8.56	8.16	6.74
Effective tax rate	30.1%	30.9%	20.8%	22.8%	25.7%	6.68%	35.4%	23.8%	23.3%	22.7%	19.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	85.3	91.5	104.1	120.1	100.6	113	126.1	147.7	163.9	162.4	168
EPS (basic)	2.94	3.82	6.38	8.3	4.76	6.9	2.65	9.15	10.4	10.1	10.1
EPS (diluted)	2.91	3.77	6.29	8.21	4.72	6.83	2.63	9.08	10.3	10	8.73
Book value per share	26.9	30.9	34	37.2	41.8	49	48.5	56.7	63.4	70.6	73.2
FCF per share	6.21	1.79	4.54	5.64	2.89	16.2	5.05	4.2	4.11	8.91	17.9
Cash per share	4.38	5.99	6.14	6.42	8.55	20.1	12.3	1.92	3.13	7.48	6.54
Capex per share	1.18	0.84	1.2	2.28	1.34	1.44	4.1	4.98	4.29	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.39%	0.92%	1.15%	1.9%	1.33%	1.27%	3.25%	3.37%	2.62%	—	—
Capex / operating cash flow	15.9%	28.2%	22.4%	29.3%	21.6%	7.44%	52.3%	117.6%	41.8%	—	—
Payout ratio	25.8%	22%	15.1%	13%	25.4%	17.8%	56%	17.9%	17.6%	20.2%	24.7%
Dividend yield	1.36%	1.02%	1.35%	1.43%	1.63%	1.29%	1.68%	1.51%	1.93%	1.62%	1.72%

Yield

1.72%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.57

ex-dividend Aug 13, 2026

Payout ratio

25%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 13, 2026	$0.57
May 26, 2026	$0.57
Feb 17, 2026	$0.57

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.5B	$2.5B	$2.5B	$2.8B	$2.7B	$2.6B	$2.3B	$2.7B	$2.7B	$2.7B	$2.3B	$2.9B
YoY change	+21.4%	+11.9%	+12.2%	+18%	+9.22%	+5.32%	-9.08%	-4.03%	-1.93%	+3.49%	+0.22%	+6.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	321.9M	447M	454.6M	448.4M	582.9M	995.7M	805.9M	125.4M	204.9M	479.8M
Receivables	1B	1.3B	1.3B	1.1B	857.6M	973.4M	1.2B	1.3B	1.3B	1.5B
Inventory	979.8M	1.2B	1.2B	1.2B	1.5B	1.6B	1.9B	2.1B	2.3B	2.4B
Total current assets	2.4B	3B	3.3B	3.4B	3.5B	4.3B	4.5B	4.5B	4.5B	5.2B
Property, plant & equipment	168.7M	171.4M	183.5M	247.8M	351M	416.4M	621.8M	855.5M	959.7M	925.2M
Goodwill & intangibles	3.1B	3B	3B	2.9B	2.9B	3B	3B	4.5B	4.4B	4.4B
Total assets	4.5B	5.1B	5.3B	5.6B	5.8B	6.8B	7.7B	9.1B	9.4B	10.1B
Accounts payable	466.1M	651M	776.9M	795.5M	577.8M	747.4M	1.1B	1.2B	1.1B	1.1B
Short-term debt	20M	23M	—	—	5.2M	—	9.7M	175M	362.3M	600K
Total current liabilities	1.4B	1.7B	1.7B	1.7B	1.6B	2.1B	2.4B	3.1B	3B	2.7B
Long-term debt	826.2M	807.9M	818M	819M	817.9M	819M	595M	597.5M	599.5M	1.1B
Total liabilities	2.5B	2.8B	2.8B	3B	3B	3.6B	4.5B	5.4B	5.3B	5.5B
Shareholders' equity	2B	2.3B	2.5B	2.6B	2.9B	3.2B	3.2B	3.7B	4.2B	4.5B
Total debt	846.2M	830.9M	818M	819M	823.1M	819M	604.7M	772.5M	961.8M	1.1B
Net debt	524.3M	383.9M	363.4M	370.6M	240.2M	-176.7M	-201.2M	647.1M	756.9M	621.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	106.1M	125.4M	69.9M	141.4M	160.9M	204.9M	210.3M	191.7M	211.8M	479.8M	250.3M	403.6M
Receivables	1.6B	1.3B	1.5B	1.6B	1.6B	1.3B	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B
Inventory	2B	2.1B	2.2B	2.2B	2.3B	2.3B	2.5B	2.5B	2.5B	2.4B	2.5B	2.3B
Total current assets	4.5B	4.5B	4.7B	5B	5.1B	4.5B	4.9B	5B	4.9B	5.2B	5.1B	5.2B
Property, plant & equipment	485.6M	855.5M	618.7M	604.7M	632.8M	959.7M	697.2M	697.9M	680.5M	925.2M	626.1M	620.9M
Goodwill & intangibles	4.5B	4.5B	4.4B	4.3B	4.5B	4.4B	4.4B	4.4B	4.4B	4.4B	4.3B	4.3B
Total assets	8.9B	9.1B	9.5B	9.7B	9.9B	9.4B	9.8B	10B	9.8B	10.1B	10B	10.1B
Accounts payable	1.1B	1.2B	1.1B	1B	1.1B	1.1B	970.1M	975.7M	962.1M	1.1B	992.5M	1B
Short-term debt	505M	175M	641M	1B	934.5M	362.3M	378.5M	398.7M	106.7M	600K	546.2M	502.2M
Total current liabilities	3.1B	3.1B	3.3B	3.5B	3.5B	3B	2.7B	2.7B	2.5B	2.7B	3.1B	3B
Long-term debt	597.5M	597.5M	598.9M	599.1M	602.3M	599.5M	1.1B	1.1B	1.1B	1.1B	600.6M	600.6M
Total liabilities	5.3B	5.4B	5.6B	5.8B	5.8B	5.3B	5.5B	5.6B	5.3B	5.5B	5.5B	5.5B
Shareholders' equity	3.5B	3.7B	3.8B	3.9B	4.1B	4.2B	4.2B	4.5B	4.5B	4.5B	4.5B	4.5B
Total debt	1.1B	772.5M	1.2B	1.6B	1.5B	961.8M	1.5B	1.5B	1.2B	1.1B	1.1B	1.1B
Net debt	996.4M	647.1M	1.2B	1.5B	1.4B	756.9M	1.3B	1.3B	994.6M	621.1M	896.5M	699.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	216.4M	285.6M	471.9M	579.4M	321.5M	508.9M	173.9M	598M	681.4M	647M
Depreciation & amortization	128.8M	130.3M	120.5M	115.2M	104.2M	104M	107.6M	159.9M	200.1M	224.1M
Stock-based compensation	18.7M	22.4M	26.7M	29M	29.3M	27.2M	28.6M	31.9M	38.1M	38M
Change in working capital	198.8M	-223.4M	-222.7M	-192.1M	-60.3M	580.9M	243.7M	-363.6M	-236.7M	-117.7M
Operating cash flow	546M	222.8M	395.6M	543M	424.1M	1.3B	515.4M	276.7M	672M	783.4M
Capital expenditure	-87M	-62.9M	-88.6M	-159.1M	-91.4M	-98.5M	-269.5M	-325.3M	-281M	—
Investing cash flow	-89.2M	-65.2M	-90.4M	-153M	-80.5M	-286.6M	-317.8M	-1.3B	-388.8M	6.9M
Dividends paid	-55.9M	-62.8M	-71.2M	-75.5M	-81.8M	-90.4M	-97.3M	-107.2M	-120M	-130.4M
Share repurchases	-106.3M	-4.8M	-257M	-357.4M	-51.5M	-122.1M	-155M	-22.5M	-116M	-278M
Financing cash flow	-243.7M	-84.7M	-355.5M	-432.9M	-141.6M	-223.2M	-474.6M	-1.4B	-4.2B	-3.9B
Net change in cash	213.1M	72.9M	-50.3M	-42.9M	202M	813.3M	-277M	-2.5B	-3.9B	-3.1B
Free cash flow	456.6M	133.3M	336.2M	394.1M	197.1M	1.1B	331.8M	274.3M	269.1M	571.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	196.2M	133.8M	43.1M	183.2M
Depreciation & amortization	—	—	—	—	—	—	—	—	56.3M	58.3M	60.6M	62.2M
Stock-based compensation	—	—	—	—	—	—	—	—	10.4M	8.5M	9.7M	11.7M
Change in working capital	—	—	—	—	—	—	—	—	—	809.7M	—	—
Operating cash flow	—	—	—	—	—	—	—	—	489M	600.1M	-161M	374.3M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	4.3M	5.3M	1.1M	-100K
Dividends paid	—	—	—	—	—	—	—	—	-32.6M	-32.1M	-35.6M	-35.4M
Share repurchases	0	100K	-15.1M	-39.5M	-11M	-50.4M	-28.7M	-40M	-90.6M	-118.7M	-47.3M	-91.6M
Financing cash flow	0	100K	-15.1M	-39.5M	-11M	-50.4M	-28.7M	-40M	-1.5B	-471.8M	-282.5M	-416.1M
Net change in cash	0	100K	-15.1M	-39.5M	-11M	-50.4M	-28.7M	-40M	-1B	133.6M	-442.4M	-41.9M
Free cash flow	—	—	—	—	—	—	—	—	450.1M	526.2M	-190.6M	337.9M

Date	Ratio
Aug 29, 2005	2:1
Aug 14, 2003	2:1
Aug 20, 1999	3:2

Oshkosh Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history