Oshkosh Corporation (OSK) AI Stock Analysis

Oshkosh Corporation is a global leader in designing, manufacturing, and marketing specialty vehicles and vehicle bodies. Its Access Equipment segment provides aerial work platforms, telehandlers, towing and recovery equipment, and financing solutions for construction and industrial maintenance. The Defense segment manufactures tactical wheeled vehicles and related support services for the Department of Defense. The Fire & Emergency segment builds custom firefighting apparatus, pumpers, rescue vehicles, and specialized response units. Its Commercial segment manufactures concrete mixers, refuse collection vehicles, and field utility vehicles serving commercial and municipal customers.

Between FY2022 and FY2025, Oshkosh generated a 5-year revenue CAGR of 4.7%. Annual revenue rose from $8.28B in FY2022 to a peak of $10.73B in FY2024 before declining 2.9% to $10.42B in FY2025, where net income was $647.0M and gross margin reached 17.5%. For the trailing twelve months, revenue reached $10.61B with an operating margin of 8.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 6.7% year-over-year, while quarterly earnings fell 7.6%.

As of June 30, 2026, Oshkosh held $403.6M in cash and short-term investments against total debt of $1.10B, yielding net debt of $699.2M. The company maintains a current ratio of 1.72 and a conservative debt-to-equity ratio of 0.24 on $4.53B of shareholders' equity. In FY2025, operating cash flow reached $783.4M and free cash flow was $618.0M. Capital allocation in FY2025 included $165.4M in capital expenditures, $278.0M in share buybacks, and $130.4M paid in dividends.

At $127.02 per share, Oshkosh holds a market capitalization of $7.84B and an enterprise value of $9.06B. Its trailing P/E of 14.5x and forward P/E of 9.4x compare to medians of 24.8x and 17.2x for US-listed Industrials peers. Oshkosh also trades at an EV to EBITDA multiple of 8.6x versus the peer median of 13.9x. Over the past year, the stock fell 5.2%, lagging the 16.8% return of the S&P 500, and its 5-year return of 35.8% trails the index return of 83.0%.

Oshkosh pays a quarterly dividend amounting to an annualized forward rate of $2.28 per share, representing a 1.80% dividend yield. The payout ratio is 24.2%, backed by 14 consecutive years of dividend payments. Over the past five years, the company has grown its dividend at an annualized rate of 10.6%. Its last ex-dividend date was August 13, 2026.

Wall Street coverage includes 8 Strong Buy, 3 Buy, and 7 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target of $163.48 indicates a 28.7% potential upside from the last close of $127.02. For the fiscal year ending December 31, 2026, analysts estimate revenue of $11.15B and an EPS of $10.73, followed by projected EPS growth of 30.8% to $14.03 in the next fiscal year. Oshkosh has beaten EPS estimates in 2 of the past 4 quarters, and its next earnings date is October 29, 2026.

This page is an AI-written research summary of Oshkosh Corporation (OSK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OSK income statement, OSK balance sheet, OSK key metrics, OSK analyst forecast, OSK chart. See the OSK stock overview for the latest quote and news.